Was bedeutet "unregulierter Markt" für Bitcoin?Wer mit Cryptos tradet, sollte wissen, das das DOJ gegen Bitfinex ermittelt, warum das DOJ ermittelt und in welche Richtung das DOJ ermittelt.
www.krypto-magazin.de
In den letzten Monaten häufen sich die Vorwürfe in Richtung Marktmanipulationen. Wer mit Cryptos tradet sollte wissen, dass er in einem umregulierten Markt sein Geld investiert. Was dies genau bedeutet und womit beim Trading von Cryptos abseits von Indikatoren und Chartanalyse gerechnet werden muss, ist vielen Hodlern und Tradern - anscheinend - immer noch nicht wirklich klar.
In dieser Trading Idea werden einige facts & figures dazu vorgestellt.
"The crypto trading market: what “unregulated” really means
When you buy normal securities or commodities, you assume that the trading environment is regulated sensibly, and that the exchanges keep to the rules set by law — fundamentally, that they won’t mess you around.
You can’t assume this at all in crypto trading. This is what “unregulated” means. There are various shenanigans that are banned on real exchanges for good reason, but are standard in crypto:
wash trades — where you trade with yourself, to pump the price up or down, or just create the illusion of trading volume.
spoofing — where you place a large order to create the illusion of market optimism or pessimism, and cancel as soon as the price gets anywhere near it.
painting the tape — like wash trading, but with two or more participants. The entire 2013 Bitcoin price rise from $150 to $1000 may have been from painting the tape.
front-running — where an exchange operator takes advantage of a buy or sell order themselves, before their customers can.
insiders with access to the database trading on their own exchange — Bitfinex officers trade on their exchange themselves.
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poofing is a major focus of the present criminal probe. It’s been illegal in the US since the 2010 Dodd-Frank act — the precise wording (§747) is “bidding or offering with intent to cancel before execution.”
It’s not frequently prosecuted, because it’s a crime of intent to deceive. But it’s so blatant in crypto that it would just be a matter of tracking down the perpetrators, then asking the exchanges to explain why they let this go on.
You can go onto the GDAX BTC/USD depth chart and watch the spoofing live! Sometimes the spoofing bots are too slow and the fake order gets nibbled away before they can pull it, and pop it up again $100 further away. Never believe any large order on a crypto exchange depth chart, except the immediate next one — and don’t believe that either.
The usual way to nail down a prosecution for spoofing is to use subpoenaed communications from foolish traders saying things like “hey, let’s spoof this one.”
Members of Whalepool, a site for large crypto traders, think nothing of complaining at length on the public Whalepool team chat about how they can’t commit tax crimes any more, and speculate how they could keep committing tax crimes. So we may have our sufficiently foolish traders."
Quelle: davidgerard.co.uk
