Bitcoin’s Price Was Artificially Inflated Last Year, Researchers Say

Discussion in 'The War Room' started by JonesBones, Jun 13, 2018 at 6:50 AM.

  1. JonesBones

    JonesBones Gold Belt

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    You don't say? New article from New York Times

    SAN FRANCISCO — A concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year, according to a paper released on Wednesday by an academic with a history of spotting fraud in financial markets.

    The paper by John Griffin, a finance professor at the University of Texas, and Amin Shams, a graduate student, is likely to stoke a debate about how much of Bitcoin’s skyrocketing gain last year was caused by the covert actions of a few big players, rather than real demand from investors.

    https://www.nytimes.com/2018/06/13/technology/bitcoin-price-manipulation.html

    bitcoin conned humanity.


    Tether, one of the most-traded cryptocurrencies, shows a pattern of being spent on Bitcoin at pivotal moments, helping to drive the world’s first digital asset to a record price in December, according to research by a University of Texas professor known for flagging suspicious activity in the VIX benchmark.



    “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” finance professor John Griffin and co-author Amin Shams wrote in a paper released Wednesday.

    https://www.bloomberg.com/news/arti...g-vix-alarm-says-tether-used-to-boost-bitcoin
     
  2. Playswellwithlawndarts

    Playswellwithlawndarts Jack of all trades Master of Some

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    Not suprised by this
     
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  3. HockeyBjj

    HockeyBjj Putting on the foil

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    Filing this under no shit Sherlock

    Cheers to you who had some and managed to sell in December
     
  4. Scheme

    Scheme Brown Belt

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    It's price has always been inflated. The value of a bitcoin should be nothing.
     
  5. Bloody Pulp

    Bloody Pulp Silver Belt

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    Shercoin is the future
     
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  6. scoopj

    scoopj ackson

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    Dumb
     
  7. roofuststuntbum

    roofuststuntbum White Belt

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    I would literally invest more in ghosts then bitcoin.
    If you jumped on it years ago and collected then good for you.
     
  8. Lowmanproblems

    Lowmanproblems Purple Belt

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    No doubt crypto currency will take over in the future. I just don't think bitcoin will be the one that wins out. I think we will see a state supported crypto currency and the regulations will kill all the current ones. That's just my opinion so that but much faith in it.
     
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  9. xcvbn

    xcvbn Silver Belt Platinum Member

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    It's always been heavily manipulated. From $0.50 to $30 to $300 to $1200 and on and on. Academic paper unnecessary.
     
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  10. sniper

    sniper Sergei Kharitonov

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    [​IMG]
     
  11. oleDirtyBast4rd

    oleDirtyBast4rd Red Belt

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    The value of anything is kind of determined by those that see value in it.

    I agree with you in part... I really dont understand why people see value in it. Gold and silver are shiny and have practical uses in building materials, while a bitcoin doesnt really do much
     
  12. oleDirtyBast4rd

    oleDirtyBast4rd Red Belt

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    Omg I want one! I'll give you 20,000 usd for each one
     
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  13. Cojopi Extomino

    Cojopi Extomino Yellow Card Yellow Card

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    The funny thing is, this is only half the bomb that's gonna blow up the market. I warned 'em. I warned 'em all.

    Poor Der Eisbar. That dudes never gonna be able to afford all his vegan superfood now.
     
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  14. AndroidRage

    AndroidRage Purple Belt

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    Whats the other half?
     

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