81–90 of 348 posts
The big-brain move would be to identify the wallets that must be trading on “insider” info, and copy their trades?
Anyone smart would use a new wallet each time.
I think Coinbase does fractional banking, I don't have any proof so not completely sure but you can judge yourself, this happened a few months ago: - nuCypher just randomly started going up on Binance - the price was still low on coinbase - the normal thing to do was to withdraw from coinbase and sell on binance "Oops withdrawal of nucypher is temporarily locked", it stayed locked for 8 hours, all the crypto subs on…
Couldn't this just be that they keep some amount in cold storage that's not super easily accessible?
Crypto exchanges are trying to convince the world they are a more secure place for your coins. Better IT security and highly funded enough to probably make good on any hacks. The synergy is they want to keep me safe so they can keep their reputation (and their reputation gives them more business).
Is that a fair deal? That's for each of us to decide. Keep your coins where you wish.
Earlier quoted context omitted.
"That which can be asserted without evidence, can be dismissed without evidence." (Christopher Hitchens) You made the assertion, you claim to have evidence: the onus is on you to provide that evidence, otherwise how can anyone possibly challenge it?
I don't claim to have the evidence, I claim to have made an observation. If the parent wanted to make a counterargument they could do, it wouldn't have to be concretely evidence based because I'm not holding a forum conversation to the epistemological standard of a formal paper or proof. Just a good example or argument would be more compelling than just calling my opinion a kneejerk reaction.
frankly coinbase themselves are known to accumulate vast acoumts of a cryptocurrency before listing, so its not like they would have a reason to do this in such convoluted way.
Earlier quoted context omitted.
I assume the vast majority of crypto is actually Bitcoin and Ethereum. Do you characterize these as "speculation"?
I think most transactions made with those coins are speculative, yes.
However if you look at the volume traded, versus the total market, I think you get a different picture.
I just consider Coinbase and it ilk as "safe" places for cryptocurrency. I don't think of them as ethical in the same way I'd think of an account at TDAmeritrade, Schwab, etc. Traditional brokerage houses have regulations forcing them to play fair, and reporting structures to enforce it. Crypto exchanges are trying to convince the world they are a more secure place for your coins. Better IT security and highly funded…
Is this insider trading according to the law? Nonpublic information isn't being used to trade public stocks; it's being used to trade assets that don't appear to be regulated securities.
To add to what you're saying, forex explicitly does not have insider trading rules. The problem is it's treated as a general asset. It feels like there should already be rules in place to handle if, for example, an Amazon exec went and bought property around an area prior to Amazon announcing their new HQ.
Amazon didn’t, and the coupled sued the condo.
Trying to find the article.
I think Coinbase does fractional banking, I don't have any proof so not completely sure but you can judge yourself, this happened a few months ago: - nuCypher just randomly started going up on Binance - the price was still low on coinbase - the normal thing to do was to withdraw from coinbase and sell on binance "Oops withdrawal of nucypher is temporarily locked", it stayed locked for 8 hours, all the crypto subs on…