/biz/ - Business & Finance

>>56065126
>Happens on the stock market too

not so much these days ever since it became highly illegal in the 1930s. The perks of a regulated market.

> the United States enacted the Commodity Exchange Act (CEA) in 1936[1] to prohibit wash trading. To comply with regulations, most regulated stock exchanges have implemented protective measures, such as Self-Trade Prevention Functionality (STPF) on the Intercontinental Exchange (ICE).[2]

>However, in some unregulated emerging markets, such as cryptocurrency,[3][4][5] the practice is common.

https://en.wikipedia.org/wiki/Wash_trade

>doesn't mean the price of Apple(BTC) is the product of wash trading

lol BTC is by far the most manipulated crypto

> BTC will pump but less than previous ATH
> ETF will be rejected or approved but turn out as a nothingburger (just like muh russia and brics will use crypto to evade sanctions nothingburger)
> cryptobros will continue in their little bubble of delusion releasing hellish nightmarish hypercapitalistic crap like friends.tech while in race to the bottom in a zero-sum game of musical shitcoin derivatives.

crypto will then gradually fade into the corner of irrelevance. it failed. nobody serious uses it for anything. and no govt will allow a highly manipulated, illiquid shitcoin to become an integral part of their economies.

it already found its niche as a degen casino and money laundering for eastern european gangsters.

whats your prediction?

>>55889320

lol like clockwork

>Reminder that those same maxipads will attempt to distract you from Bitcoin's downward spiral with constant appeals to historical price action that, as seen, is inherently meaningless.

>>55830579
thanks

tbf i think its just a sign of a "maturing" asset.
people actually didnt know what it was for to begin with as it does quite a few things but doesnt do any one of them particularly well.

fiat is a better currency, gold is a better (arguable) commodity and so on. but it does have some qualities that makes it survive like decentralization and self custody. it kind of straddles a few areas.

but its now being absorbed by tradfi and becoming a legitimate asset or "commodity" as SEC called it. so we can expect it to behave more like one going forward.

>>55551807
>So when it does hit 100k what will your cope be?

No chance it hits $69K again, let alone $100K. This ain't 2018 anymore, the average normie is now by default more likely to immediately associate any mention of crypto with "scam!", there's just been waaaaaaaaay too many crypto scandals over the past few years for them to believe anything else, and rightly so.

And as mentioned, the shadow economy activity that was the primary source of organic demand for BTC for the past decade is now drying up and going exclusively to Monero.

The math simply doesn't work, BTC is now a house of cards that is being propped up by the hopes & dreams of delusional bagholders, and that can't last forever.

>More "it's not real, it doesn't count because it's wash traded"?

Why don't you ask the ghost of Bernie Madoff about how real his yields were?

>>55482732

Classic price manipulation, been that way since day one.

>>55475099
>>Bitcoin and Monero are the only things in crypto I can stomach holding.

Holding Bitcoin would keep me up at night, knowing the price is being propped up by fraud and the speculative mania generated by that fraud. No thanks.

>>55362849

Because only Forbes has reached such a conclusion.

Fake, gay & fraudulently manipulated. HODL!

>>55303376
>muh price action

lmao are we still pretending that's real?

>>55272546

Wow, I'm so impressed. Keep flexing.

>>55175311
>a made up theory

looooooooooooool, there we go, maxipads have now been reduced to outright denying forensically proven facts.

Yes, there is no market manipulation, its all a grand conspiracy by academia and the LAMESTREAM MEDIA to FUD Bitcoin, maaaaaaaaaaaaaaaaaaan!

Keep it up, genius.