That coverage discussed that much of the pricing up-moves this past month are happening on weekends when there is less liquidity/action, and then saying some analysts see this as suggestive that some whale(s) are deliberately trying to push the price up (using weekends to get the most oomph for their trading dollar.) There was also an assertion that the market volumes involved in bitcoin are substantially less than in other more traditional markets so the market is more susceptible to this sort of thing.
I have no knowledge of the truth of any of this, but there was a thread of a "fact" to that argument which I didn't notice in this Fortune article (so I pass it on.)
Isn’t that the definition of a market?
Could you imagine an alternative where this does not happen?
So I understand that Tether is shit if it’s true but it has nothing to do with bitcoin.
Nobody knows anything for sure.
People who like Bitcoin will deny this.
People who hate Bitcoin will use this as confirmation bias.
/thread
We know for sure that "bad behavior" is fairly common in this unregulated "marketplace". If it's easy and possible and profitable, someone is going to do it.
This alone is sufficient to deter a lot of sensible investors.
