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You would need millions of dollars to move the price from 6925 to 6950. That's not entirely true, the operators of Bitfinex, tether, or any of the early adopte
by nosuchthing 9y ago
You would need millions of dollars to move the price from 6925 to 6950.
That's not entirely true, the operators of Bitfinex, tether, or any of the early adopters who control a major percentage of BTC could push the market with the amount of influence on the ecosystem they control.
Traders and bots will attempt to arbitrage other exchanges which have unverifiable volume and possibly large amounts of counterfeit capital.