from Hacker News

More Than Half of All Bitcoin Trades Are Fake

by MikeAshley178 on 8/29/22, 12:40 PM with 11 comments

• by z3c0 on 8/29/22, 4:10 PM

  I found the actual Forbes article to be far more stimulating than the summary in the linked slashdot post (or re-post, really)

  https://www.forbes.com/sites/javierpaz/2022/08/26/more-than-...

• by theplumber on 8/29/22, 2:54 PM

  Question: how is an IPO price "maintained" by the banks? Isn't that "fake trades"? Basically a kind of pump until they can get out, showly without affecting the stock price too much.

• by moneytide on 8/29/22, 5:37 PM

  Trading money for money, instead of labour for money.

• by cwkoss on 8/29/22, 6:04 PM

  > "More than half of all reported trading volume is likely to be fake or non-economic"

  I wonder what basis they use to determine "likely to be fake or non-economic". Seems highly unlikely they have any concrete evidence.

  Makes me want to start a "think tank" where I can just publish whatever speculation I'm feeling at the moment with fabricated numbers built from specious methods to add a veneer of substantiation.

  (Also, kind of amusing that an article about how bitcoin exchanges are fabricating numbers is fabricating numbers itself.)