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by JumpCrisscross 3115 days ago
> big money institutions are testing pump and dumps for when short contracts come into play

Big-money institutions won't do this. Random individuals taking advantage of the fact that lots of value rides on relatively little volume? Much more likely. Combined with the fact that the exchanges, intentionally or unintentionally, lock liquidity when volatility spikes and it's 1907 all over again.
1 comments
w-ll 3115 days ago
24 Hour Volume is north of 17 Billion.

https://coinmarketcap.com/currencies/bitcoin/

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JumpCrisscross 3115 days ago
Given the incentives involved (and history of exchanges, everywhere, before regulation) a good fraction of that is wash trading. (A better measure for the risk at hand is the effect of small out-of-market bids and offers on the overall price, i.e. how much it costs to move the price $1.)

[1] https://www.investopedia.com/terms/w/washtrading.asp

Disclaimer: This is not securities advice. Do not buy or sell anything based on this Internet comment.

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