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So, the Bitcoin price rose because people bought it (via Bitfinex). The price fell when it was sold. I imagine doing a similar study on transactions from Coinba
by kerng 8y ago
So, the Bitcoin price rose because people bought it (via Bitfinex). The price fell when it was sold. I imagine doing a similar study on transactions from Coinbase (which has a big user base and volume) might reveal similar results.
Is there evidence that this was orchestrated or was done maliciously by a small group of actors. The headline is written like there is more to it.
- jonknee 8y agoYou missed the part about the owners of Bitfinex running a pretend currency and bidding up BTC with it. That's why Bitfinex is different than Coinbase. It was like clockwork, you'd see a dip, a huge amount of Tether's would come online and boom huge volume at Bitfinex buying the dip and surging to new heights.