Most Bitcoin Trading Faked by Unregulated Exchanges, Study Finds

Fraudulent trading volume has dogged cryptocurrency trading for years, but the extent of the market manipulation has been difficult to determine.

Bitwise Asset Management said its analysis of trading activity at 81 exchanges over four days in March indicates that the actual market for bitcoin is far smaller...

Suuuuure. 'We're from Wall Street, we're here to help!' :-/

'...mining it (Bitcoin) consumes more electricity than is generated by all the world’s solar panels combined...' 'The Uninhabitable Earth: Life After Warming'

WHOA hold on a second here. You mean to tell me there’s fraud being committed in these unregulated crypto markets? You must be kidding me!

😱

This heAdline reads on why The Wall Street journal is irrelevant: the total dollar value invested, and book to market is the sole basis for evaluating that headline, but basic financial analysis is plebeian.

In other words, it’s even more of an artificial commodity based entirely upon speculative interest than (some) people thought! Fascinating!

Doh! You just figured this out? Something like 90% of all $BTC is owned by 1% and half of them are dead with dead accounts and the other half lost their accounts.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Majority of bitcoin trading is a hoax, new study findsNinety five percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a new study. oh boy... the crypto guys aren't gonna like this at all.. Old article from March. ShitCoin
Source: CNBC - 🏆 12. / 72 Read more »

95% Of Reported Bitcoin Trading Volume Is Fake, Says BitwiseThe vast majority of reported bitcoin trading volume is false. How many exchanges provide reliable data? WHOAAAAAAA Bitcoin is fake actually😂.
Source: Forbes - 🏆 394. / 53 Read more »

95% Of Reported Bitcoin Trading Volume Is Fake, Says BitwiseThe vast majority of reported bitcoin trading volume is false. How many exchanges provide reliable data? But I was told 1 bitcoin is going to be worth $1 million Brian_s20 lol Got them 🤜🏾🤜🏾🤜🏾
Source: Forbes - 🏆 394. / 53 Read more »

Cboe to stop listing bitcoin futures as interest in crypto trading coolsCboe Global Markets has decided to stop adding new bitcoin derivitives. great job with another failed headline. the only thing that failed was CBOE, CME is doing just fine Believe in the opposite of what media tells you! Accumulate bitcoin now so go all in ?
Source: CNBC - 🏆 12. / 72 Read more »