Post
Topic
Board Speculation
Re: Bitcoin price? Who is making it?
by
Sanguintan
on 19/07/2016, 14:56:42 UTC
the questions remain":

" How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come? "

I saw many example when the chinesse exchangers dropped or raised the price and all the exchangers did the same without any valid justification. Their orderbook was the same.

The price is artificially created not by users but the exchangers according to their interests.

Do you know what is arbitrage. Someone make money by buying on the exchange with smaller price and selling on the exchange with bigger price, until prices are the same. There are a lot of bots doing  arbitrage.

bots like Willy bot who is making fake transactions. all the exchangers are making a lot of fake transactions so the price is manipulated in this way. the orderbooks are far from reality. it's a fact and ALL the big exchangers are using it. why? because the appearance of  many transactions, is attracting clients who are thinking that x or y exchanger is big or well known.

if the exchanger are so transparent why don't they publish the incoming and outgoing bank wires? Smiley

What do you think of the huge volumes in some of the Chinese exchanges? The volumes there are so big.