Post
Topic
Board Trading Discussion
Re: Bitmex Effect Bitcoin Price?
by
tenakha
on 05/11/2018, 20:43:32 UTC
Do you guys think that bitmex exchange effects on bitcoin price? Because last year there was no exchange like bitmex. Now people are making money by short trade. Do you think it effects bitcoin price because exchange has big volume.
I don't think so, Bitmex is just one of the crypto exchanges that can affect to price. Maybe it has a big share in the market, but Bitmex doesn't decide what price will be. The price varies depending on trader's purchase and sale. On the contrary, gathering most of the knowledgeable people together can direct the price correctly.