BitShares Forum
Main => General Discussion => Topic started by: Pheonike on November 03, 2014, 05:27:06 pm
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BITCOIN PRICE MANIPULATION ON CENTRALIZED EXCHANGES SEEMS COORDINATED
https://www.cryptocoinsnews.com/bitcoin-price-manipulation-centralized-exchanges-seems-coordinated/
Imagine that...
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BITCOIN PRICE MANIPULATION ON CENTRALIZED EXCHANGES SEEMS COORDINATED
https://www.cryptocoinsnews.com/bitcoin-price-manipulation-centralized-exchanges-seems-coordinated/
Imagine that...
Lol .. the abstract sounds like a 1st april fool :)
... if there only was a .. oh wait ..
:-P
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"The Centralized Bitcoin exchanges seem to coordinate their prices across continental divides. "
Its called ARBITRAGE. Has the author of this article never heard of it?
Its also called: traders watching the price on all exchanges and using that to make decisions.
In general, when someone says: "X is manipulated", you should read that as "I have lost money because I don't know what I am doing, and need something to blame other than myself". The thought is: "I SHOULD have made money, but some evil sinister force is manipulating the market so that I don't!"
All the things that people like to call "manipulation" are just standard market forces.