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Well, the study shows that there are legit exchanges, so there is some place for the usual market forces to apply (and indeed, the price of Bitcoin on these exc
by laurentl 8y ago
Well, the study shows that there are legit exchanges, so there is some place for the usual market forces to apply (and indeed, the price of Bitcoin on these exchanges lies in a tight band, too small for arbitrage opportunities). That doesn’t mean the price of Bitcoin can’t be manipulated by pump & dump or other price manipulation schemes.
But still, the study (at least the highlights given in the twitter thread) looks solid and well-presented.
- hhorsley 8y agopump and dump can take place in small cap equities as well. it will never be impossible - the thing thats needed is the regulation / surveillance to do enforcement on those who perpetrate it
- arcticbull 8y agoThe difference is here it’s totally legal and an intrinsic part of the decentralized, deregulated coin ecosystem. It is bitcoin.