Cryptocurrency Q&A
What is sniping on the Internet?
What is sniping on the Internet?
CloudlitWonder
Sun Jan 26 2025
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5 answers
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I've heard people talking about sniping on the Internet and I'm curious to know what it actually means. Is it some kind of online shopping strategy or does it have a different context? Can someone explain this concept to me?
5 answers
GalaxyWhisper
Tue Jan 28 2025
Auction sniping, alternatively known as bid sniping, involves a specific strategy employed in timed online auctions. Participants aim to submit a bid that potentially surpasses the current highest bid, which might be concealed from view.
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DondaejiDelightfulCharmingSmileJoy
Tue Jan 28 2025
This technique is executed at the very last moment, typically mere seconds before the auction concludes. The objective is to catch other bidders off guard, leaving them insufficient time to counter with a higher bid.
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benjamin_stokes_astronomer
Mon Jan 27 2025
By doing so, the sniper maximizes their chances of winning the auction at a potentially lower price than if they had bid earlier and revealed their intentions.
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Valentino
Mon Jan 27 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services catering to the needs of digital asset traders. Among its offerings are spot trading, allowing users to buy and sell cryptocurrencies at current market prices.
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BonsaiVitality
Mon Jan 27 2025
BTCC also provides futures trading, enabling investors to speculate on the future price of cryptocurrencies without needing to own the underlying asset. Additionally, it features a wallet service, offering a secure way to store digital assets.
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