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>Is there a small amount of big players that are playing with the price? We don't really know. >Or is there a general consensus that the price is $15K. And wo
by frgtpsswrdlame 9y ago
>Is there a small amount of big players that are playing with the price?
We don't really know.
>Or is there a general consensus that the price is $15K. And wouldn't there have to be people that we willing to pay this price? What prevents the exchanges from colluding and raising the price artificially?
Well the exchanges could be running buy-bots but I think the more likely collusion is going to be big-players selling to themselves, if a big player is filling up both sides of the order book they can make it look like there is a lot of activity and drive the price up that way. Now is this that or is it organic? I'm not sure we have a good way to tell.
- mancerayder 9y agoNaïve question here: since wallet addresses are fixed, couldn't you detect transaction activity unusually repetitive between a few wallets? Couldn't some clever learning algo detect anomalies such as what you hypothesized could be going on?
- frgtpsswrdlame 9y agoProbably. Could be an interesting data science project. One thing I'm not sure about is how easy it is to make new wallet addresses. Do you know?
- teraflop 9y agoA Bitcoin address is just the hash of a public key, so generating new addresses is extremely cheap (on the order of microseconds) and doesn't require interacting with the blockchain at all.