U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
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Re: U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
#2What’s amazing is the BTC price didn’t hiccup at all and continues its 2023 bull run. That proves the markets are deep and liquid, and selling 0.04% of the market cap OTC doesn’t cause a blip.
Re: U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
#3What’s amazing is the BTC price didn’t hiccup at all and continues its 2023 bull run. That proves the markets are deep and liquid, and selling 0.04% of the market cap OTC doesn’t cause a blip.
I believe the price of Bitcoin is completely fixed by the exchanges themselves, so it doesn’t surprise me.
Re: U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
#4What’s amazing is the BTC price didn’t hiccup at all and continues its 2023 bull run. That proves the markets are deep and liquid, and selling 0.04% of the market cap OTC doesn’t cause a blip.
I believe the price of Bitcoin is completely fixed by the exchanges themselves, so it doesn’t surprise me.
Given there are thousands of spot markets I find it absurdly unlikely that a cartel could fix the price let alone keep such a conspiracy secret.
Re: U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
#5What’s amazing is the BTC price didn’t hiccup at all and continues its 2023 bull run. That proves the markets are deep and liquid, and selling 0.04% of the market cap OTC doesn’t cause a blip.
I believe the price of Bitcoin is completely fixed by the exchanges themselves, so it doesn’t surprise me.
Literally impossible.
Re: U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
#6[dead]
Re: U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
#7Earlier quoted context omitted.
I believe the price of Bitcoin is completely fixed by the exchanges themselves, so it doesn’t surprise me.
Given there are thousands of spot markets I find it absurdly unlikely that a cartel could fix the price let alone keep such a conspiracy secret.
I only know of Coinbase. It doesn’t really matter how many exchanges there are, its about the capital, any way you spin it they have more capital then their customers so they set the supply and demand. When they lose a lot of customers, they just burn cash to drive the price up. That’s why they keep failing.
Re: U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
#8Earlier quoted context omitted.
Given there are thousands of spot markets I find it absurdly unlikely that a cartel could fix the price let alone keep such a conspiracy secret.
I only know of Coinbase. It doesn’t really matter how many exchanges there are, its about the capital, any way you spin it they have more capital then their customers so they set the supply and demand. When they lose a lot of customers, they just burn cash to drive the price up. That’s why they keep failing.
I think the fact you “only know of coinbase” proves you know very little about what you are talking about, and have formed an erroneous conspiracy theory based on inadequate knowledge.
Re: U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
#9Earlier quoted context omitted.
I believe the price of Bitcoin is completely fixed by the exchanges themselves, so it doesn’t surprise me.
Literally impossible.
But many exchanges have been caught doing this already. FTX for example was clearly price fixing by using there own coins to prop up bitcoin.
Re: U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
#10What’s amazing is the BTC price didn’t hiccup at all and continues its 2023 bull run. That proves the markets are deep and liquid, and selling 0.04% of the market cap OTC doesn’t cause a blip.
I think it's irresponsible and unnecessary to suggest that the USD/BTC conversion is anything but highly variable. This market is highly fickle, prone to hype, fud, and fomo. There is also still a large international regulatory risk associated with BTC when considered as an asset.
I doubly find discussions viewing BTC primarily as an asset class to miss the point of BTC. Maybe the point of BTC has changed in the last 10 years, and I'm behind the curve on this one.