Post
Topic
Board Bitcoin Discussion
Re: Exchanges are dropping BTC price on purpose
by
aardvark15
on 09/03/2018, 19:52:14 UTC
As these exchange sites are dropping BTC, all our altcoins are going dead. This is not fair. This is cheating.

If the exchanges were selling Bitcoins then it would be in their best interest to raise the price rather than dropping it. If an exchange is legitimate, then they don’t really care what the price is as long as as people are trading coins. They get paid from the fees so the more trades the better. Therefore, the more volatility the better. This volatility is just a natural occurrence in an open market.