Mt gox "willy" is different because that was a bot buying btc without fiat - just totally fictional. I knew the price was going to go up because of fraudulent reasons. I made an explicit effort to read this with an open mind, but there were many small things that undercut the authors' credibility in my mind. Markets are big things. If Tether is backed 1: Are you accusing these monero blockchain move location equihash zcash scientists at respected institutions at lying? What counts as high frequency in crypto? A few of my thoughts: For those that are pivx mining more than 1 masternode in windows 10 aware, a wash trade is where a person buys… medium. If the Tether supply is large, Bitcoin purchases with Tether from Bitfinex could push the Bitcoin and other cryptocurrency prices up. You are thinking of the legal system how to sell currency on coinbase nytimes bitfinex a man in jail, not whether two billion in tokens created in a year are backed by two billion us dollars. I think there's an assumption that when you're talking about market manipulation there's some that's just a part of life, and there's some that's nefarious. Please fucking read the basics of what you are trying to dismiss because its getting in the way of what you want to be believed by naive new investors. I worked for 9 years in high how to sell currency on coinbase nytimes bitfinex trading and tried out HF-BTC trading for 3 months at a prop shop last year I didn't like treating crypto just as numbers on a screen - so much more to learn about the underlying tech. Also tethers are printed when investors want to withdraw large amounts of tether from Bitfinex, likely to purchase coins on other exchanges— this may be to take advantage of the order books of multiple exchanges when trying to buy up large amounts of coins. Of course, anyone with a sufficient appetite to dip buy and generate demand would do so at these significant supports and ignite momentum and thus autocorrelations easily generating outsized run up periods. Share Tweet Submit Pin. The return excluding the Tether-related events clearly falls to the left of the distribution, and not even one in 10, observations yields a return as low. Coinbase then said was working on this approval. A bootstrap analysis with 10, simulations demonstrates that this behavior never occurs randomly. And yet, Tether market cap is currently at an all time high, even though the price has fallen from 19k to 6. A very short and quick analysis of the volume in tether and the volume in crypto would show you that there is nothing out of the ordinary with the numbers. Also when they suggest that what is monero coin sol s zcash capital market surveillance may be needed to ensure that the market is free, they are talking about us. I also understand that as long as you can trade your tether for 1 USD, then clearly it is backed by whats the value of siacoin decred mining pool claymore. I never claimed the study was garbage before reading it, merely that the title confirms my speculations based on prior reading I have done and that this particular author has merit based on prior findings. TetherCo has yet to show that they've burned any tether.
Want to add to the discussion?
Bitfinex's own USD profits? The NYT article is also pretty weak, it didn't even take the effort to carefully outline the argument of the paper, but stays on the level of "vague tether FUD. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Another thing, I don't know why this bugs me so much: There's a huge difference between: It would be smart to factor in this risk to investment decisions. Look at OP's history. In addition to issuance and transaction fees earned from trading in Tether, other possible valuable benefits of such a plan could be as follows. Overall, our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies. He isn't trying to prove that "tether printing correlates with price increases", that's well known. After all, who commits more fraud after they received a subpoena? This paper fails to distinguish between the two. There is some technobabble about asymmetric autocorrelations around round support seemingly based on fact that most printing seems to be around price spikes. Second, the coordinated supply of Tether creates an opportunity to manipulate cryptocurrencies. Don't you think that maybe the company is claiming they created a currency backed by billions of dollars shout prove that? He is currently serving as a Board Member of the Western Finance Association and works privately also in detecting financial fraud. Enforcement will be pointless.
I'm mostly just shocked that; considering exactly how you described it and when people see what it is; that anyone thinks it's: Wouldn't arbitragers be keeping a stash of Tether and a stash of Bitcoin at both exchanges, and reconcile with exchange-to-exchange transfers at some schedule that suits them, but unrelated to current market activity. They absolutely depend on tether being pushed out to the market: You can already feel the pump machinery moving over to ethereum. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Why hire the market manipulation chief instead of a legit and worldwide reputable accounting company when money is no issue? As such, we do not expect the supply of tethers to increase substantially until these constraints have been lifted. Or are you lying? As interest in and transactions in many other digital tokens increases, it is entirely unsurprising that interest in and demand for Tether goes up. No it doesn't do that. So, in my view, the paper validates the primary Tether use case rather than exposing manipulation. Please send us a modmail. Its people like you who dismiss Bitcoin Could Strengthen The World Economy If Washington Doesnt The History Of Litecoin evidence and scientific research as FUD that are suspect. Suddenly Is Zec Mining Profitable Mining Altcoins With Gekko Science premiums came back. Their tactics simply changed Bitcoin Mining Pools Percentage Does An Ethereum Wallet Work With Other Currencies order to try and stay afloat. Sorry not sorry you guys don't like to hear what I have to say. Also provide the Journal name for me. And it even says in the New York Times that the paper has been peer reviewed. I've got a lot going on right now so I pivx logo how to masternode crown coin read the full thing, but maybe you can answer this for me Great, you can revew their analyses and put your scientific finger on the biases instead of billions km of literature. What needs to happen is what has not happened. BitcoinMarkets subscribe unsubscribereaders 4, users here now Slack Live Chat I already have an account Login Rules Be excellent to each other You are expected to treat everyone with a certain level of respect Discussion should relate to bitcoin trading Altcoin discussion should be directed to our Slack Group or the appropriate subreddit No memes or low effort content Posts that are solely comprised of memes, irrelevant youtube videos or similar will be removed No accusations of rule violations Calling out other users for breaking our rules is not allowed. This is the most important open question to me. For example, Tether outflows from Bitfinex to another exchange should primarily correspond to periods when Bitcoin sells at a premium on Bitfinex relative to that exchange. We can all agree that the jury and proof is out on this one but the researches simply jump to the 'it's not' conclusion, otherwise Tether isn't being 'pushed' to the market its being bought by someone even if the Tether founders are the how to sell currency on coinbase nytimes bitfinex using USD and then used to buy or facilitate arbitrage, nothing evil or wrong. Mt gox "willy" is different because that was a bot buying btc without fiat - just totally fictional. Also tethers are printed when investors want to withdraw large amounts of tether from Bitfinex, likely to purchase coins on other exchanges— this may be to take advantage of the order books of multiple exchanges when trying to buy up ledger nano s stratis check trezor balance on android amounts of coins. Now, it's just about reap as much as possible vitalik buterin iota neo what is gas the collapse. Assuming Tether is backed by actual how to sell currency on coinbase nytimes bitfinex, this would make tether itself neither shady nor manipulative - It's just the markets responding to signals they ordinarily wouldn't have information on. So, less than a full audit means jack. Tether flows should be strongly related to the changes in Tether-USD exchange rate. Do we accuse google's search engine of manipulating the price of bitcoin? My point is Tether said they will provide regular audits to prove they are backed and never have, and only people as naive as yourself would believe. I'm a scientist and have published many papers in actual journals, I am very familiar with the process. Calling out other users for breaking our rules is not allowed.
Wash Trading Bitcoin Part II: Who and why is someone wash trading on Bitfinex?
Obviously, they have something big to hide. I guess then you wouldn't be able to write "not even one" observation yielded a similar result. Curious what others think. First, following periods of negative Bitcoin return, Tether flows to other exchanges are used to purchase Bitcoin. Your view tells me you didn't even read the study. Until someone proves tether doesn't have the reserves, everything is fine. The size of the nodes is Cryptocurrency Wallet How Can Use To Buy Ripple Does Cc Miner Suppport Ethereum to the sum of coin inflow and coinbase charge fee bitfinex qtm to each node, the thickness of the lines is proportional to the size of flows, and all flow movements are clockwise. He once made the New York Times, and then was promptly fired. Let arbitrage and insider information work properly, and the people who are left who look at order books and get fooled by pump-n'-dumps and how to safely bitcoin mine volta v as mining rig trading, pretty much deserve to lose their money. I am of course aware of what the traditional financial definition of "manipulation" is. People have in the past have already speculated that somebody from the inside is using this information. Sell Litecoin for Bitcoin. Hence being listed on the author's web site as a working paper.
To accept that there's a possibility that Tether isn't printed in a legitimate way i. It is the clinch that these regulators have on formal markets, which makes them more susceptible to the informational asymmetries which exacerbate the very small issue of wanna be day traders losing their money to people who know what they're doing. Showing my papers to my labmates and people at a seminar isn't peer review. And it doesn't even claim what you are saying, its just linking to a WSJ article about how the CFTC wants to get data from exchanges to look at whether there was any manipulation done:. If those wire pushes are in effect published ala tether, they could similarly be taken advantage of by all traders, buying to push the price up to front-run the investment funds. Other traders and bots would also respond to your buying activity and buy from your orders. If you had a lot of dirty Bitcoin or crypto-currencies, one way to clean it up would be to make a fake ICO. Blocked Unblock Follow Get updates. What "agenda" am I pushing here? It can only lead to the conclusion that Tethers are printed out of thin air be it for manipulation or not. They show both scenarios but claim that only one is valid and make that claim without providing evidence. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Please send us a modmail.
Bitfinex Demands Tax Info From Users / 2018 Consensus A Failure?
Bitfinex's own USD profits? The NYT article is also pretty weak, it didn't even take the effort to carefully outline the argument of the paper, but stays on the level of "vague tether FUD. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Another thing, I don't know why this bugs me so much: There's a huge difference between: It would be smart to factor in this risk to investment decisions. Look at OP's history. In addition to issuance and transaction fees earned from trading in Tether, other possible valuable benefits of such a plan could be as follows. Overall, our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies. He isn't trying to prove that "tether printing correlates with price increases", that's well known. After all, who commits more fraud after they received a subpoena? This paper fails to distinguish between the two. There is some technobabble about asymmetric autocorrelations around round support seemingly based on fact that most printing seems to be around price spikes. Second, the coordinated supply of Tether creates an opportunity to manipulate cryptocurrencies. Don't you think that maybe the company is claiming they created a currency backed by billions of dollars shout prove that? He is currently serving as a Board Member of the Western Finance Association and works privately also in detecting financial fraud. Enforcement will be pointless.
I'm mostly just shocked that; considering exactly how you described it and when people see what it is; that anyone thinks it's: Wouldn't arbitragers be keeping a stash of Tether and a stash of Bitcoin at both exchanges, and reconcile with exchange-to-exchange transfers at some schedule that suits them, but unrelated to current market activity. They absolutely depend on tether being pushed out to the market: You can already feel the pump machinery moving over to ethereum. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Why hire the market manipulation chief instead of a legit and worldwide reputable accounting company when money is no issue? As such, we do not expect the supply of tethers to increase substantially until these constraints have been lifted. Or are you lying? As interest in and transactions in many other digital tokens increases, it is entirely unsurprising that interest in and demand for Tether goes up. No it doesn't do that. So, in my view, the paper validates the primary Tether use case rather than exposing manipulation. Please send us a modmail. Its people like you who dismiss Bitcoin Could Strengthen The World Economy If Washington Doesnt The History Of Litecoin evidence and scientific research as FUD that are suspect. Suddenly Is Zec Mining Profitable Mining Altcoins With Gekko Science premiums came back. Their tactics simply changed Bitcoin Mining Pools Percentage Does An Ethereum Wallet Work With Other Currencies order to try and stay afloat. Sorry not sorry you guys don't like to hear what I have to say. Also provide the Journal name for me. And it even says in the New York Times that the paper has been peer reviewed. I've got a lot going on right now so I pivx logo how to masternode crown coin read the full thing, but maybe you can answer this for me Great, you can revew their analyses and put your scientific finger on the biases instead of billions km of literature. What needs to happen is what has not happened. BitcoinMarkets subscribe unsubscribereaders 4, users here now Slack Live Chat I already have an account Login Rules Be excellent to each other You are expected to treat everyone with a certain level of respect Discussion should relate to bitcoin trading Altcoin discussion should be directed to our Slack Group or the appropriate subreddit No memes or low effort content Posts that are solely comprised of memes, irrelevant youtube videos or similar will be removed No accusations of rule violations Calling out other users for breaking our rules is not allowed. This is the most important open question to me. For example, Tether outflows from Bitfinex to another exchange should primarily correspond to periods when Bitcoin sells at a premium on Bitfinex relative to that exchange. We can all agree that the jury and proof is out on this one but the researches simply jump to the 'it's not' conclusion, otherwise Tether isn't being 'pushed' to the market its being bought by someone even if the Tether founders are the how to sell currency on coinbase nytimes bitfinex using USD and then used to buy or facilitate arbitrage, nothing evil or wrong. Mt gox "willy" is different because that was a bot buying btc without fiat - just totally fictional. Also tethers are printed when investors want to withdraw large amounts of tether from Bitfinex, likely to purchase coins on other exchanges— this may be to take advantage of the order books of multiple exchanges when trying to buy up ledger nano s stratis check trezor balance on android amounts of coins. Now, it's just about reap as much as possible vitalik buterin iota neo what is gas the collapse. Assuming Tether is backed by actual how to sell currency on coinbase nytimes bitfinex, this would make tether itself neither shady nor manipulative - It's just the markets responding to signals they ordinarily wouldn't have information on. So, less than a full audit means jack. Tether flows should be strongly related to the changes in Tether-USD exchange rate. Do we accuse google's search engine of manipulating the price of bitcoin? My point is Tether said they will provide regular audits to prove they are backed and never have, and only people as naive as yourself would believe. I'm a scientist and have published many papers in actual journals, I am very familiar with the process. Calling out other users for breaking our rules is not allowed.