Buy Wall
By bitcoin_delight | Updated on Aug 12, 2021
Buy walls are a relatively new phenomenon in public order book exchanges with the rise of cryptocurrency trading. Buy walls are always manipulative in nature, designed to scare traders and skew price perception by placing anomolously large buy order(s) at a single price point. This will be reflected in the order book as a seeming "wall".
Related Terms
Application-Specific Integrated Circuit (ASIC)
Refers to specialized computers that are made to do a very specific task (eg. calculate hashes for Bitcoin's Proof-of-Work)
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
Pump and Dump Scheme
A market manipulation method to drive up the price of an asset before profiting by driving it back down.
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