To get technical if you got pulled up for that they might ask...

  1. 127 Posts.
    lightbulb Created with Sketch. 34
    To get technical if you got pulled up for that they might ask how did you expect to pay for that bid if it went through and if you didn’t have the cash in bank it’s pretty much a manipulation, and illegal. That’s where motive is the game changer. If a bank had a Bot and a motive to drive price down (accumulate a big position as cheap as it can)  plus set bot on aggressive price drop it’s clear cut. How ever if it simply set the bot to accumulate a set amount per day without setting it to make the price range meet the price then it would simply stop buying when the price reached out of the range and they would have to adjust it, but at the moment that’s the illegal part they use, they are programmed to affect the price to get it back to there range.... that’s the illegal programming and use.
    Last edited by Heretoinvest: 09/01/19
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.