51–60 of 199 posts
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 ?
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…
Yeah, the futures markets seriously reduced volatility and kept the price within a narrow band around $14k. I'm quite pleased by this, actually.
What's the nature of the suspicious trades?
For example, 10mil shares decided between market makers sitting on both sides of the bid that goes at a price they agree on which is not in the interest of fairness or the public. Another reason for the crypto movement. Source: Me, former hedge fund algo dev
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Any recent manipulations ? especially in 2017 end ?
Tether claims to be backed by USD but could easily be a money printing press injecting fake value into the crypto markets. According to their own data, they have created $1.6B worth of tethers: https://wallet.tether.to/transparency
/s
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It’s similar to 1999 dotcom run up, there will be a crash to remove all the bad actors (like the former pets.com), but it won’t kill cryptocoins just like the dotcom crash didn’t kill ecommerce.
everyone keeps saying that to the point where i start questioning it. there’s no actual proof that this is anything like the dot com bubble.
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everyone keeps saying that to the point where i start questioning it. there’s no actual proof that this is anything like the dot com bubble.
People with no product raising many millions just by mentioning blockchain - what more do you want?
- Create a ton of volume and potentially and upward trend (two bots trading with one another, increasing the price each time)
- Generate hype around a coin
- Let FOMO take over
If things start to go south, disable withdrawals, deposits, or freeze the market until you can get it under control.
I doubt any of this manipulation is even illegal?
Earlier quoted context omitted.
everyone keeps saying that to the point where i start questioning it. there’s no actual proof that this is anything like the dot com bubble.
The dot com bubble analogy is fashionable right now because it serves to push the desired narrative without having to deny or provide evidence against what is clearly a bubble. I'd imagine many of the people you see perpetuating this are the same that were denying the bubble a few months ago. However that doesn't necessarily make it wrong -- I'm very skeptical but I'd have a tough time arguing that nothing useful at…
I wouldn't call it a particularly rigorous analysis and it provides no more incite than what has been published about Willy before.
Mark Karpeles fraudulently buying up $112 million worth of bitcoin in two months when there was no fiat on the other side of the trade pushed the Bitcoin price up. It's as simple as that.