Maybe at last, the days of the manipulation are coming to an end. Mainly because the greed of those involved has been met with hoardes of people leaving disinterested and the remaining traders no longer taking the bait. You can push a donkey up the hill but if their is nobody up their to buy it, it will fall of the cliff back into the valley where there maybe some people still willing to pay for the bones.
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Bitfinex now trading at a $60 premium to Bitstamp....trying to administer steroids to an ailing donkey ....so sad...
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Bitfinex try to con people into holding 6600....its already $6550 on Bitstamp...if you are on Bitfinex...sell that sucker...and move exchanges...away from the people that are connected to futures...its insider trading by exchanges to steal your money...pure and simple...
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Continuation of the post of the 4th...well the idea was right if not a day late than the rough lines show....so yippee!!!
Maybe it is because the BTCUSD pair on Bitfinex is really BTCUSDT (or a mixture of tether and dollars as Bitfinex treats them as the same: search but you will find no definitive answer on this from Bitfinex). Well tether is currently trading 0.01% under parity with USD. That would equate to roughly a $65 price difference between USD and USDT markets at current BTC price.
RealMcafee
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@barclayjames, Example Bittrex has both USD and ISDT markets: price difference is currently $58
bitcointrader3764
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@barclayjames, or maybe they just want to manipulate the market, resistance andd support zones to create a false image that suits their own profitability...I do hear what you are saying...but that lack of transparency added to their insider knowledge of their own trading book means they can do what no regulated market in the world can do....take your money anytime they want.
RealMcafee
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@bitcointrader3764, I think the comparison I provided more than satisfies me it is Tether related. I have no problem with Tether or Bitfinex, it's my preferred exchange.