Re:Insider Trading at Coinbase
by ianpurton on Wednesday April 13, 2022 @07:04AM
(#31013242)
Not necessarily. If people buy after you trade then the value of your wallet goes up.
[ Parent
| on HN ]
Could you explain further. I'm not sure I understand how this relates to the parent comment?
Imagine you you had a magic button that suddenly increased demand for a volatile security any time you pressed it. That would be a fairly valuable thing for some people.
If I have information that the price of x coin is going to go up and my friend knows I know, then they just need to follow my trades and they can make money too.
If enough people follow my trades then this can generate demand and actually affect the price.
Re:Insider Trading at Coinbase
by drexlspivey on Wednesday April 13, 2022 @07:17AM
(#31013340)
It’s in their interest if other people copy their trades because the asset values will go up