4 ms·
But their conclusions are fair, they don't overreach and call for more study on the matter as any scientist should do. As mainstream finance invests in cryptoc
by Twisell 9y ago
But their conclusions are fair, they don't overreach and call for more study on the matter as any scientist should do.
As mainstream finance invests in cryptocurrency assets and as countries take steps toward legalising Bitcoin as a payment system (as Japan did in April 2017), it is important to understand how susceptible cryptocurrency markets are to manipulation. We encourage the nascent cryptocurrency industry to work with regulators and researchers to share anonymised transaction data so that more confidence can be placed in the veracity of exchange rates.
- jnordwick 9y agoBut they didn't show manipulation. They showed two parties trading on up days.
- EGreg 9y agoHeard of the Look Elsewhere effect? Obligatory XKCD: https://xkcd.com/882/ https://xkcd.com/882/
- Twisell 9y agoNot really relevant here however. And they call for more study to confirm or deny their finding. So far so good. It's people that might overact in a way or another, this article is just a piece of data.
- RickHull 9y agoEvery market participant wants to buy low and sell high. They are all manipulators in some sense. Dedicated manipulators exist, but really they are just part of the market and assist in price discovery. Deep markets generally defeat the type of manipulation that worries people. Multiple competing exchanges keep the exchanges honest.