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Majority of bitcoin trading is a hoax, new study finds


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New research is casting even more doubt on the legitimacy of bitcoin trading.

An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges. The survey, first reported by The Wall Street Journal, echoes concerns by regulators that cryptocurrency markets are still ripe for manipulation.

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Bitwise, an asset manager in the process of trying to list the first-ever bitcoin exchange-traded fund, said it met with the Securities and Exchange Commission on Tuesday to discuss its application. As a part of the process, it submitted analysis that could help regulators cut through the noise.

“People looked at cryptocurrency and said this market is a mess; that’s because they were looking at data that was manipulated,” said Matthew Hougan, global head of research at Bitwise. “When you cut away the echo chamber of these nonsense numbers, it should be an efficient, well-arbitraged market.”

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1 minute ago, Spartan said:

ma batch lo okadu almost 50cr public money mingesi crypto lo dobettadu..

ippudu parari lo unnad.

How is this possible ? Group ga invest chesara?

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1 minute ago, Staysafebro said:

How is this possible ? Group ga invest chesara?

Chits lo collect chesadu oka community lo unna vallanta vadini nammaru..

starting lo bagane ichevadu..tarvata people put in heavily..

okadaite retirment lo vachina 65Laks mottam amantanga pettesadu....

around 100 Cr varku namam pettesi mingesadu... Secunderabad area.

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2 minutes ago, Spartan said:

ma batch lo okadu almost 50cr public money mingesi crypto lo dobettadu..

ippudu parari lo unnad.

sitti uncle nee batch antha hardcore lovers ee ga okkallu kuda soft ga deal cheyyara

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Just now, tacobell fan said:

sitti uncle nee batch antha hardcore lovers ee ga okkallu kuda soft ga deal cheyyara

nenu unna ga... soft.

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1 minute ago, Spartan said:

Chits lo collect chesadu oka community lo unna vallanta vadini nammaru..

starting lo bagane ichevadu..tarvata people put in heavily..

okadaite retirment lo vachina 65Laks mottam amantanga pettesadu....

around 100 Cr varku namam pettesi mingesadu... Secunderabad area.

Vedevadiko Brain baaga unnatundhi

brahmi-3.gif

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9 minutes ago, Spartan said:

ma batch lo okadu almost 50cr public money mingesi crypto lo dobettadu..

ippudu parari lo unnad.

mee batch ?

calling @kanche illaiah

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