Hey guys, so i've read a new report on how much of the exchanges volumes are just wash trading and the numbers are way too high for what real users do>.
This is pretty concerning, since the market might not be nearly as stable and mature as we think, it might all be manipulated.
What do you think of the current state of big exchanges and price manipulations that we experience?
my source:
https://www.blockchaintransparency.org/reports/The report actually comes with something to ponder about really because it initially provided an overview of what the methodology that is used compared to the current one how its believed to be the right one to bring about transparency to the market. It is not out of place for exchange sites to have be involved in some form of mop up in other to show some view that is different from the actual happenings, to me, its not a determining factor to conclude that the entire market is being manipulated and to give one a need for concern for the following reasons
1. The report only focus on a means of data gathering believed to be truly transparent, but this model has not been generally accepted anywhere to be the right way to go about this. Which means if another research is carried out tomorrow using another methodology, it renders this one useless.
2. I didn't read from the report that a response is solicited from exchange sites accused to be involved in the alleged shady behaviour to hear their own side of the story before going out publishing what its felt to be right which could be as a result of not getting the right information.