- Impact
- 8,399
Maybe instead of the SEC regulating, the gambling commission might want to intervene. Lol.
http://www.independent.co.uk/news/b...tcoin-virtual-currency-failures-a7982396.html
FAKE VOLUME
One of the criteria traders say they use to select an exchange is trading volume. The more trades an exchange handles, the faster buyers and sellers can be matched.
From about early 2014 until late January this year, Chinese exchanges accounted for about 90 per cent of global bitcoin trading volume, according to the website bitcoinity.org, which collates trading data reported by exchanges.
Some of that high volume occurred because traders were attracted by the fact that these exchanges at that time charged no transaction fees. But some of the volume was fake, said six former employees at two Chinese exchanges. Artificially pumped-up volumes in China could have affected the often volatile price of bitcoin because investors elsewhere monitor and respond to the activity.
Kind of like liquid domains being pumped up.
http://www.independent.co.uk/news/b...tcoin-virtual-currency-failures-a7982396.html
FAKE VOLUME
One of the criteria traders say they use to select an exchange is trading volume. The more trades an exchange handles, the faster buyers and sellers can be matched.
From about early 2014 until late January this year, Chinese exchanges accounted for about 90 per cent of global bitcoin trading volume, according to the website bitcoinity.org, which collates trading data reported by exchanges.
Some of that high volume occurred because traders were attracted by the fact that these exchanges at that time charged no transaction fees. But some of the volume was fake, said six former employees at two Chinese exchanges. Artificially pumped-up volumes in China could have affected the often volatile price of bitcoin because investors elsewhere monitor and respond to the activity.
Kind of like liquid domains being pumped up.
