A rundown of what market manipulations warrant a criminal investigation — and why Bitfinex/Tether are a likely focus.
If you know what you’re looking at, the GDAX depth chart is absolutely gripping. It’s like an action thriller movie for very dull people. If you ever wondered why I don’t trade in cryptos …
A bit of news, a few good opinion pieces, some nice book photos and the Christmas tweet selection. Also, you should sign up for the Patreon.
Public discussion and media coverage of Bitcoin assumes certain things about Bitcoin:
• Bitcoin has a price, that you could expect to buy or sell it around.
• Bitcoin is like buying a share in a company, or a commodity like gold — the market works the same way.
• Bitcoin is liquid — you can easily convert your money to Bitcoin, and your Bitcoin to money.
None of these are true.
And you thought things were quiet right now.