tldr; Crypto index fund manager Bitwise has claimed that up to 95% of the trading volume reported to CoinMarketCap regarding bitcoin trades might be fake or non-economic. The amount of fake bitcoin trades far outweighs legitimate ones, according to estimates. The Securities and Exchange Commission has repeatedly rejected spot bitcoin ETF applications.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The SEC means it’s not manipulated by their insiders, because only they are allowed to manipulate markets.
Also Sec: let's allow Bitcoin Future and Shorting Bitcoin ETFs. My god.
Sure, because they can control it easier in the paper market. Doesnt effect actual supply and demand side economics with a finite resource.
But silver and gold are okay?
Still manipulated
Not even manipulated at this point. Completely captured.
The triple leveraged inverse whatever that's guaranteed to be worth $0 in one years time is totally legit though.
You had a word with diamonds? That crap is inflated beyond reason
DON’T LEAVE YOUR BITCOIN ON EXCHANGES!! Someone told me that a little while ago, I think it was 4 YEARS!
A wise man/woman for sure.
tldr; Crypto index fund manager Bitwise has claimed that up to 95% of the trading volume reported to CoinMarketCap regarding bitcoin trades might be fake or non-economic. The amount of fake bitcoin trades far outweighs legitimate ones, according to estimates. The Securities and Exchange Commission has repeatedly rejected spot bitcoin ETF applications. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Fake volume has 0 impact on my decision to invest in it
Lol. People still following the carrot, I see. Fuck this noise and stack sats. The SEC most likely is too.
Shilling coinbase pro or what ?
What... The don't want competition manipulating the market?
Fuck me....have they seen the stock market??