Was there any serious crypto derivative exchange before deribit? I think there were serious liquidity problems in derivatives market which complicated the manipulation you mentioned..
Anyone who complains of manipulation, in any financial market, is nothing but a sore loser who doesn't understand the game. It's all manipulation, all the time. And so finding an edge in that mess of manipulation is all that matters. Quit your cry baby bullshit.. "Waaa waaa.. it's not fair!.. I lost because they manipulated it!.. Waaaaaaaaa!"..
Many things are of course considered illegal and done everyday - even if some of the participants are caught, convicted and jailed. Just don't play the game if you believe it is rigged.
Such a childish post. No one complains, we discuss. It has been proven without any benefit of the doubt that bitcoin price is not real, it is a fake price set by insiders. There is no price discovery. Imagine if you, as a trader. could just print USD and use it to buy an asset.
Bud, you're not listening... I already responded to your childish view of the bitcoin markets. https://www.bloombergquint.com/onweb/cme-bitcoin-futures-volume-hits-record-high-as-prices-rebound Imagine a bitcoin insider setting the price (pumping the price of bitcoin to $100,000) but not before buying 1000 bitcoin CME futures and telling all your friends to do the same? "Red Duke's claim is that they pump the price of btc so they can attract and steal dumb money that comes pouring in, however for someone who's been on ET for 10 years, he doesn't understand how markets work. There's so many ways to arbitrage a bitcoin market that he describes and make boatloads of $$$"