Can someone tell me what this Chinese bot means?
I have been watching the order book for WTC on Binance for three days, and every time a sell order at a decent price is placed, it is instantly filled. Whenever someone makes a big buy order, the bot dumps on the next five or six buy orders to crash the price.
Should I get out of this shitcoin? I went almost all in at 29k, so these bags are fucking heavy and I'd like to recover. But it looks like this is a huge chink scam where they are just dumping on everyone, and placing fake buy orders to give the illusion of volume.
The project looked good though, and had a lot of big names behind it, so I thought it would go high. But it seriously appears someone has dumped over a million coins of this thing the past couple days and I am starting to worry there's no hope. But I would take a 66% loss on my entire portfolio and lose everything I gained over the past two months.
Oh well I guess I'll hold these bags to the end times. I am the waltmarine and I'm not fucking selling.