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RE: How A Single Trader Manipulates The Bitcoin Market: Spoofing With Large Sums & Illegal Methods On Bitfinex
In my opinion spoofing isnt really as bad as it sounds.... the traders spoofing still have to take massive risks. And wash trading just costs them tons of fees.... as the market becomes more efficient and saturated with market makers it will become extremely expensive to manipulate.
Yes that's true, spoofing is very risky - especially with this type of money. But still, I think using tricks to manipulate others shouldn't be allowed. And it seems like his plans worked until now, because no one had enough funds to actually drop one of his fake orders.
Theres no such thing as a fake order... remember that.
Hm, good point actually!
Like the gold futures market became more efficient and saturated with market makers it became extremely expensive to manipulate?
Were far from being as hard to manipulate as gold in some ways... but the derivitive markets in bitcoin are shit, so its less profitable to manipulate.