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by boldslogan
1674 days ago
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right, but doesnt the alledged spill over effect of increasing the price on the unregulated exchange, impact the price regardless of exchange? You don't ask for btc price X on coinbase versus btc price Y on biance? Wouldn't you just care about the price of btc? and if it rises on certain exchanges, then it would arbitrage until it rose on other exchanges as well? |
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More like the opposite. The fake price rise would be arbitraged away to match the real price.
At some point there has to be a real buyer/seller, otherwise arbitrage doesn't work. And a real buyer/seller is trading at the real price.