More Than Half of All Bitcoin Trades Are Fake
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More Than Half of All Bitcoin Trades Are Fake
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Re: More Than Half of All Bitcoin Trades Are Fake
#2Question: how is an IPO price "maintained" by the banks? Isn't that "fake trades"? Basically a kind of pump until they can get out, showly without affecting the stock price too much.
Re: More Than Half of All Bitcoin Trades Are Fake
#3Question: how is an IPO price "maintained" by the banks? Isn't that "fake trades"? Basically a kind of pump until they can get out, showly without affecting the stock price too much.
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Re: More Than Half of All Bitcoin Trades Are Fake
#4Question: how is an IPO price "maintained" by the banks? Isn't that "fake trades"? Basically a kind of pump until they can get out, showly without affecting the stock price too much.
Banks can support an IPO, it’s part of their service to the issuer. But it’s not a way to get out - it’s exactly the opposite, because the way they support the price is by buying shares.
Re: More Than Half of All Bitcoin Trades Are Fake
#5I found the actual Forbes article to be far more stimulating than the summary in the linked slashdot post (or re-post, really)
https://www.forbes.com/sites/javierpaz/2022/08/26/more-than-...
Re: More Than Half of All Bitcoin Trades Are Fake
#6[deleted]
Re: More Than Half of All Bitcoin Trades Are Fake
#7Trading money for money, instead of labour for money.
Re: More Than Half of All Bitcoin Trades Are Fake
#8> "More than half of all reported trading volume is likely to be fake or non-economic"
I wonder what basis they use to determine "likely to be fake or non-economic". Seems highly unlikely they have any concrete evidence.
Makes me want to start a "think tank" where I can just publish whatever speculation I'm feeling at the moment with fabricated numbers built from specious methods to add a veneer of substantiation.
(Also, kind of amusing that an article about how bitcoin exchanges are fabricating numbers is fabricating numbers itself.)
Re: More Than Half of All Bitcoin Trades Are Fake
#9> "More than half of all reported trading volume is likely to be fake or non-economic" I wonder what basis they use to determine "likely to be fake or non-economic". Seems highly unlikely they have any concrete evidence. Makes me want to start a "think tank" where I can just publish whatever speculation I'm feeling at the moment with fabricated numbers built from specious methods to add a veneer of substantiation. (A…
> I wonder what basis they use to determine "likely to be fake or non-economic". Seems highly unlikely they have any concrete evidence.
I suspect what they're classifying as Wash Trading are actually tumbler services that essentially launder the source and destinations of transactions. Strictly speaking, those are arguably economic because the tumbler takes a (sometimes substantial) cut but it would fall out of the line of thinking of "buying goods or services" that people think more traditionally.
That said, the methodology is right there at the end of the article[1]. It does seem rather open to thumbs on scales.
[1]: https://www.forbes.com/sites/javierpaz/2022/08/26/more-than-...
Re: More Than Half of All Bitcoin Trades Are Fake
#10Question: how is an IPO price "maintained" by the banks? Isn't that "fake trades"? Basically a kind of pump until they can get out, showly without affecting the stock price too much.
Banks can support an IPO, it’s part of their service to the issuer. But it’s not a way to get out - it’s exactly the opposite, because the way they support the price is by buying shares.
My point is that they never intend to hold it thus I see their "support" as a kind of "fake trades"/ pump. They "support" the price until enough bag-holders start buying. Isn't that the very definition of pump & dump? Perhaps more correctoy it's pump & dump.