More than a critique of price manipulation rife across bitcoin markets, the Bitwise report shows cryptocurrencies' potential – . ow.ly/Vwn130ohPwA
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I don't understand this statement. The report said "The bitcoin market is uniquely resistant to manipulation." Do you mean it's more than a critique of bogus FUD, like claims of bitcoin markets being rife with manipulation?
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I suspect you're reacting without reading my article, Jesse. I highlight the impressive price efficiency in real, trustworthy exchanges like Kraken and attribute to bitcoin's unique qualities. Still, report DOES find manipulation rife across full array of widely reported BTC data
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I read the article and I appreciate the attention to the trustworthy exchanges. I was only speaking about the quote in the tweet. I just want to be clear because "manipulation" is often used recklessly. First you said price, now you say data so it's hard to know what you refer to
Data v price seems hair-splitting, at least in context of that line, which was written merely to draw contrast between mainstream views and reality. Wash trades do manipulate prices, even if their intent is to falsify volumes. But I think we're on same page here, regardless...
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I think it’d be helpful for everyone to settle on a definition of “manipulation”, and even a definition of “price”. So, I’d ask which price? The bid, the ask, the last trade, the vwap, on which market(s) for what duration of time, to what degree of significance vs media/other?
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