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I still don't get who is actually trading crypto on these exchanges. I have trouble believing it is not 99% wash trades.
by ajkjk 4y ago
I still don't get who is actually trading crypto on these exchanges. I have trouble believing it is not 99% wash trades.
- bombcar 4y agoThat low?
- polygamous_bat 4y agoThe part that is not wash trading is what I would imagine "veteran" "crypto traders" just trading the same tokens back and forth looking for just one more hit.
- TechBro8615 4y agoThe first time I ever even heard of SBF was when he testified at a Senate hearing as a "billionaire crypto exchange founder." I didn't think much of it, but it was a bit weird - I thought I was pretty familiar with the space and the people in it but apparently not.
- jamesfmilne 4y agoI was in the local Co-op supermarket in North London buying some bread & milk the other day. The staff in the shop were talking amongst themselves about how "they were into crypto". I doubt they were comparing their elliptic curve coefficients. SBF, CZ and his ilk have taken money these people can ill afford to lose in this financial climate and spaffed it up the wall on sports stadiums and billboards of themselves all over the place.
- BLKNSLVR 4y agoThe fan-spread-shit hasn't splattered onto CZ yet. Do Kwon, 3AC guys, Celsius guys, Voyager guys, yes. Binance / CZ no(t yet).
- qeternity 4y agoBinance has sponsored the Alpine Formula 1 team although the logo on the car is quite small.
- ajkjk 4y agoyeah but even if you're into crypto, you're not selling and buying stuff all day, trading between different coins. So what are all those transactions about?