31–40 of 199 posts
Study: Price Manipulation in the Bitcoin Ecosystem Citation: Neil Gandal, JT Hamrick, Tyler Moore, Tali Oberman, Price Manipulation in the Bitcoin Ecosystem, Journal of Monetary Economics (2017) Link: https://doi.org/10.1016/j.jmoneco.2017.12.004 DOI: 10.1016/j.jmoneco.2017.12.004 Abstract: To its proponents, the cryptocurrency Bitcoin offers the potential to disrupt payment systems and traditional currencies. It has…
People do not realize how manipulated the traditional financial markets are otherwise known as Wall Street. Cryptocurrency is less manipulated as it's run by a different culture of people.
We're going to see crypto markets go through many of the same lessons that traditional markets did and slowly relearn why we have regulation and insurance.
Wow, this paper's conclusion is delayed by 3 years. Willy and Markus bots are old news for anyone who has been following bitcoin closely. The source of all these allegations was this blog appearing in 2014: https://willyreport.wordpress.com/2014/05/25/the-willy-repor...
Any recent manipulations ? especially in 2017 end ?
Study: Price Manipulation in the Bitcoin Ecosystem Citation: Neil Gandal, JT Hamrick, Tyler Moore, Tali Oberman, Price Manipulation in the Bitcoin Ecosystem, Journal of Monetary Economics (2017) Link: https://doi.org/10.1016/j.jmoneco.2017.12.004 DOI: 10.1016/j.jmoneco.2017.12.004 Abstract: To its proponents, the cryptocurrency Bitcoin offers the potential to disrupt payment systems and traditional currencies. It has…
To be fair regulated markets are vulnerable to manipulation today
* know and contractually oblige their customers (the brokerages who gain access to the exchange) to avoid self-trading
* have some preventative mechanisms, e.g. https://www.theice.com/publicdocs/futures_us/exchange_notice...
Bitcoin topped out as soon as the futures went live. Massive contango on a regulated futures market may have been a factor in "reeling in" price. The spot market is so thin that it didn't seem to take much open interest in the futs to whip the underlying. It's conceivable that some spot exchanges are or were still from 2017 to now, either malicious and/or incompetent, which would facilitate the continuation of such b…
"The spot market is so thin" I also think is incorrect. GDAX is normally 0.01 USD wide (albeit for small amounts) and often-times under $1 wide for many BTC. I would call the spot market very thick, if anything. You can get off what appears to be very large amounts of BTC with minimal slippage most times of the day.
"didn't seem to take much open interest in the futs to whip the underlying" -- are you saying a futures move would lead the market? I respectfully disagree. All the entities I know price futs from spot and are generally putting on the arb in this order, not the other way around.
Wow, this paper's conclusion is delayed by 3 years. Willy and Markus bots are old news for anyone who has been following bitcoin closely. The source of all these allegations was this blog appearing in 2014: https://willyreport.wordpress.com/2014/05/25/the-willy-repor...
Any recent manipulations ? especially in 2017 end ?
Then of course there is the Tether debate. https://www.bloomberg.com/news/articles/2017-12-05/mystery-s...
Both probably related.
People do not realize how manipulated the traditional financial markets are otherwise known as Wall Street. Cryptocurrency is less manipulated as it's run by a different culture of people.
Do we really know anything siginficant about the extent of the players in the cryptocurrency marketplace to know if the statement "cryptocurrency is less manipulated" is true or not? We don't even know who created it in the first place! I thought the general assumption is that there's a lot of "unknown unknowns"? Am I wrong?
People do not realize how manipulated the traditional financial markets are otherwise known as Wall Street. Cryptocurrency is less manipulated as it's run by a different culture of people.
https://www.investopedia.com/articles/forex/06/sevenfxfaqs.a...
What's the nature of the suspicious trades?
Source: Me, former hedge fund algo dev