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You tried to claim we knew nothing about Bitcoin's adoption because 95% of exchange trades are fake. I'm telling you this is irrelevant. Exchange trades tell us
by mrb 8y ago
You tried to claim we knew nothing about Bitcoin's adoption because 95% of exchange trades are fake. I'm telling you this is irrelevant. Exchange trades tell us nothing about Bitcoin's adoption. They are just noise from wash traders, crooked exchanges, arbitragers, etc.
To gauge Bitcoin's adoption you need to look at on-chain transactions, not exchange trades. Makes sense?