bitcointrader3764

Is Exchange Driving Prices Down For Own Profit In Closed Market?

BITSTAMP:BCHUSD   Bitcoin Cash
I trade on Bitstamp and am Unnerved by the automated trades being generated on the BCH price. The market is closed to outside trade. No coin in, no coin out, so the the market is effectively closed to existing customers of Bitstamp. The longer the current situation continues, the less liquidity there will be in the market. Buyers interested in buying will buy and wait. Buyers will dry up lowing the demand side of any market driving the price lower for no other reason than the conditions imposed by the exchange. Meanwhile, what I can only summize are the house trading bots are seeming playing on fear posting large sell trades against equally large and matching buy trades at lower prices, driving the unnerved into selling to the house at a loss...for the house profit.

Would be interesting to see the levels of exchange held coin over this period and whether it has increased substantially.

Having driven the price...or let it slide to the equivilent ABC price...are we going to see distribution of the SV tokens. SV currently make up 25% of the combined value of the old BCH...a substantial percentage.

Somebody needs to get off the fence and open the market again.
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