U.S. Launches Criminal Probe into Bitcoin Price Manipulation
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Re: U.S. Launches Criminal Probe into Bitcoin Price Manipulation
#2Some context from a non-expert.
From what I understand, things like spoofing in financial markets (where you submit orders which you don't plan to have filled for the purpose that the market sees "interest" in a certain direction and in hope that moves the market), are regulated but still a grey area. The reason for this is that it's an activity that involves intent. Placing certain orders is perfectly ok if you're hoping that they get filled and you take a position, but placing the same orders could be spoofing if your goal is to cancel them once the market starts moving as a consequence.
Re: U.S. Launches Criminal Probe into Bitcoin Price Manipulation
#3Some context from a non-expert. From what I understand, things like spoofing in financial markets (where you submit orders which you don't plan to have filled for the purpose that the market sees "interest" in a certain direction and in hope that moves the market), are regulated but still a grey area. The reason for this is that it's an activity that involves intent. Placing certain orders is perfectly ok if you're h…
This is an execelent flowchart detailing the regulatory policy on spoofing on US stock markets: https://pbs.twimg.com/media/DXD3RlQVoAALYLa.jpg
Re: U.S. Launches Criminal Probe into Bitcoin Price Manipulation
#4Markets are constantly manipulated and what we consider acceptable or not seems at times quite arbitrary. For instance quantitative easing is a practice we engage in whose entire purpose is to artificially inflate the value of markets to help spur 'growth.'
Is the problem that people may be trying to manipulate the price of decentralized commodity or that people are investing in a decentralized commodity without realizing that there may be people trying to manipulate it? I think there is a place for 'hard regulations' but I think there is also a time when the focus should be more on information than trying to enforce national rules on a global scale. Even more so when those rules are likely to fall subject to all the failings of political systems including graft, corruption, and the like.
Re: U.S. Launches Criminal Probe into Bitcoin Price Manipulation
#5For anyone who hasn't been following, the prevailing theory is that the largest Cryptocoin exchange "Bitfinex" also runs an altcoin called "Teather" which was marketed as being backed 1:1 by USD. So far they've created 2.8 BILLION USDT and coincidently the times they create millions of these happens to be in the middle of extreme market crashes.
See this chart: https://i.imgur.com/Uo07d1d.jpg
More details here:
https://medium.com/cryptomedication/uncovering-the-real-cart...
https://medium.com/@bitfinexed/latest
https://medium.com/@mattcollburner/bitmex-insiders-caught-in...
Re: U.S. Launches Criminal Probe into Bitcoin Price Manipulation
#6Markets are constantly manipulated and what we consider acceptable or not seems at times quite arbitrary. For instance quantitative easing is a practice we engage in whose entire purpose is to artificially inflate the value of markets to help spur 'growth.' Is the problem that people may be trying to manipulate the price of decentralized commodity or that people are investing in a decentralized commodity without real…
decentralized commodity
https://news.earn.com/quantifying-decentralization-e39db233c...
Re: U.S. Launches Criminal Probe into Bitcoin Price Manipulation
#7For anyone who hasn't been following, the prevailing theory is that the largest Cryptocoin exchange "Bitfinex" also runs an altcoin called "Teather" which was marketed as being backed 1:1 by USD. So far they've created 2.8 BILLION USDT and coincidently the times they create millions of these happens to be in the middle of extreme market crashes. See this chart: https://i.imgur.com/Uo07d1d.jpg More details here: https…
They created another $250 million worth just one week ago.
https://omniexplorer.info/address/3MbYQMMmSkC3AgWkj9FMo5LsPT...
Re: U.S. Launches Criminal Probe into Bitcoin Price Manipulation
#8Markets are constantly manipulated and what we consider acceptable or not seems at times quite arbitrary. For instance quantitative easing is a practice we engage in whose entire purpose is to artificially inflate the value of markets to help spur 'growth.' Is the problem that people may be trying to manipulate the price of decentralized commodity or that people are investing in a decentralized commodity without real…
QE is announced and done by central banks. It’s their job to do that. I don’t see how that is arbitrary.
Re: U.S. Launches Criminal Probe into Bitcoin Price Manipulation
#9Some context from a non-expert. From what I understand, things like spoofing in financial markets (where you submit orders which you don't plan to have filled for the purpose that the market sees "interest" in a certain direction and in hope that moves the market), are regulated but still a grey area. The reason for this is that it's an activity that involves intent. Placing certain orders is perfectly ok if you're h…
This is an execelent flowchart detailing the regulatory policy on spoofing on US stock markets: https://pbs.twimg.com/media/DXD3RlQVoAALYLa.jpg
Is this serious?
Re: U.S. Launches Criminal Probe into Bitcoin Price Manipulation
#10Markets are constantly manipulated and what we consider acceptable or not seems at times quite arbitrary. For instance quantitative easing is a practice we engage in whose entire purpose is to artificially inflate the value of markets to help spur 'growth.' Is the problem that people may be trying to manipulate the price of decentralized commodity or that people are investing in a decentralized commodity without real…
Central banks are in the business of market manipulation via interest rates, and money supply. This is to control growth and inflation so that business cycles are smoothed out to a degree.