The Centralized Bitcoin exchanges seem to coordinate their prices across continental divides. One goes down – they all go down. The question is why the public tolerates their scam. If they were useful or desirable, they’d
consider the very people who sustain the Bitcoin network, namely Bitcoin miners who, below $400, likely operate
at a loss. Exchange clients and miners get whatever is happening in the busiest exchange. The bitcoinexchanges arbitrage-bots equalize prices between one another. Miners – you’re the backbone of this innovation. Cryptomonkeys – you think you’re trading – but your centralized exchange rides you bare-back.
Centralized Exchanges Counting the Days
Central Bank, Central Government, Central Exchange. I’ve been stomping their foot in this column for a while now without any response. Of course, the centralized exchanges Bitstamp, BitFinex, BTC-e, BTC-China, Huobi, etc. Won’t respond – they have no retort. They’re hoping no-one will notice, and suckers will just keep depositing bitcoins in their vulnerable, corruptible coffers. Proof-of-solvency. Proof-of-reserve. Proof-of-existence. Proof-of-brain-bamboozle.
Read More @ https://www.cryptocoinsnews.com/bitcoin-price-manipulation-centralized-exchanges-seems-coordinated
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