Bitcoin Forum
July 16, 2019, 11:18:29 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2019-05-28]Bitwise White Paper: Fake Trading Volumes by Exchanges Do Not Impact  (Read 48 times)
Vladdirescu87
Sr. Member
****
Offline Offline

Activity: 966
Merit: 264



View Profile
May 28, 2019, 08:24:13 PM
 #1

American crypto investment manager Bitwise released a paper claiming that fake trading volumes by crypto exchanges do not impact bitcoin’s (BTC) price. Released on May 24, the white paper is an extended version of Bitwise’s March presentation alleging that 95% of volume on unregulated exchanges is fake.

Published on the official website of the United States Securities and Exchange Commission (SEC), the new white paper is based upon the research that Bitwise Asset Management presented to the SEC on March 17, 2019, as specified in the document.

https://cointelegraph.com/news/bitwise-white-paper-fake-trading-volumes-by-exchanges-do-not-impact-btc-prices

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563275909
Hero Member
*
Offline Offline

Posts: 1563275909

View Profile Personal Message (Offline)

Ignore
1563275909
Reply with quote  #2

1563275909
Report to moderator
1563275909
Hero Member
*
Offline Offline

Posts: 1563275909

View Profile Personal Message (Offline)

Ignore
1563275909
Reply with quote  #2

1563275909
Report to moderator
figmentofmyass
Hero Member
*****
Offline Offline

Activity: 1134
Merit: 817



View Profile
May 28, 2019, 09:32:22 PM
 #2

Quote
American crypto investment manager Bitwise released a paper claiming that fake trading volumes by crypto exchanges do not impact bitcoin’s (BTC) price. Released on May 24, the white paper is an extended version of Bitwise’s March presentation alleging that 95% of volume on unregulated exchanges is fake.

i could have told you that. the existence of so many volume-faking exchanges on the periphery doesn't matter. nobody uses them and nobody pays attention to their price changes. they can't be effectively arbitraged because they have no real liquidity.

price discovery is occurring on exchanges where real supply is meeting real demand. arbitrage (or the assumption that arbitrage will take place) handles the rest.

davis196
Hero Member
*****
Offline Offline

Activity: 1246
Merit: 542


CyberDice - Best Bitcoin Dice Game


View Profile
May 29, 2019, 06:28:31 AM
 #3

Maybe they can't impact the bitcoin price,but they CAN for sure manipulate the altcoin prices,especially the small penny altcoin prices.

Oilacris
Hero Member
*****
Offline Offline

Activity: 1260
Merit: 518


★Bitvest.io★ Play Plinko or Invest!


View Profile
May 30, 2019, 11:10:19 PM
 #4

Maybe they can't impact the bitcoin price,but they CAN for sure manipulate the altcoin prices,especially the small penny altcoin prices.
Or simply with low marketcap shitcoins.Faking trading volume does affect on this area it might not be affecting btc itself but come to think that there are shitcoin traders out there.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
Kemarit
Legendary
*
Offline Offline

Activity: 1316
Merit: 1152


View Profile
May 31, 2019, 01:41:04 AM
 #5

Maybe they can't impact the bitcoin price,but they CAN for sure manipulate the altcoin prices,especially the small penny altcoin prices.

And that where those manipulators/speculators pump-and-dump groups really do their thing. We all know that altcoins markets are haven for those kind of greedy people and people have been warned, however, but whatever reasons, many are still failing for the trap and later will bitch around saying they have lost so much money. If they would just go and invest on Bitcoin then they wouldn't have this head-ache.

As for Bitcoin price or fake volume tradings, yes, it could have been fake and ballooned by some trading exchanges but most of the time it wasn't very evident because of the continuous flow of money in the bitcoin market. So @figmentofmyass, said, it doesn't really matter, arbitrage for one is a true testament on how the spread can be cover up.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!