Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
r0ach
on 14/04/2017, 13:43:00 UTC
This market is flat out fraud.  $30 spread between Finex and Bitstamp.  Since we all know Bitfinex is an insolvent exchange that trades against it's own customers and also steals their money, I'm guessing that spread is also propped up by non-existent money just like Gox.  Why are people willing to put up a $2 million buy wall on Bitfinex but no other exchange to try and prop up price?  Because Bitfinex probably isn't even using real money, just imaginary exchange digits.  

I've been saying BitFinex is the new Gox forever and here it is.  There is no valid price of bitcoin as long as Bitfinex is the market maker.

The current chart looks like shit and is forming a down channel and you got fraudsters on Bitfinex trying to manipulate it up with imaginary money that probably doesn't exist: