anyways let the market decide
Let the market decide? We have no market:
This market has turned full blown scam.
Price up 1.6% from pre-ETF decision pump of $1200? Not down....not even 5% down...but UP instead? LOL. If there was any exchange on earth besides Bitfinex being the market leader to determine price world-wide, I might let it slide, but we're talking about the second coming of Mt Gox here - an exchange that already appeared to be naked shorting their own customers during the halving, admittedly traded on their own exchange while knowing where all margin positiosn are, probably traded with customer funds too, and then ranomly out of the blue stole something like $70 million of bitcoin from customers.
Is this a dream? How does Bitfinex STILL control the world-wide price of bitcoin while being completely insolvent and still owing customers something like $60 million dollars???
I used to trade on Bitfinex but wouldn't touch it with a 10 foot pole nowadays, yet when I ask in this thread, who the fuck is trading on this scam of an exchange? Not a single person in this thread says they are. So the question is, if nobody is actually trading on Bitfinex, what exactly are we looking at here? Just the exchange owner moving the buy and sell walls around wherever he wants with no actual customers and that determines world-wide bitcoin price?
And even volume is cratering to boot from the $400-800 level.