The Ethereum Conspiracy.
Are Bitcoin holders keeping the cost of Ethereum artificially down? That's the claim or hence are making.
Posts on reddit quest to signs of an automated script running in addition to making sells slightly below the marketplace price.
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| Suspicious Ethereum selloffs. |
Many bots are smart in addition to endeavor to play a joke on other bots in addition to traders past times putting out throttle orders at the bid in addition to inquire cost only when a modest amount of these orders are bought or sold, the bots in addition to hence curl the throttle orders dorsum to endeavor net turn a profit from a larger in addition to hence initially appears spread betwixt the bid in addition to inquire prices. Think of it similar line-fishing amongst the initial throttle orders every bit bait in addition to the curl dorsum every bit reeling inwards profit.
Others mean value the explanation is to a greater extent than sinister, or hence other user "Nickyro" says:
This is done to induces a psychological habituation that Eth volition dump when BTC dump in addition to Eth volition non ascent when BTC pump. ...I actually mean value at that topographic point is a currency state of war going on
It's difficult to state what the truth is - that's why it's a conspiracy theory, for now.
If deliberate, whoever's behind it is doing this at a loss. But if that somebody is heavily invested inwards Bitcoin, the motive to making certain it has no existent challenger is obvious.
Read the total thread on Reddit in addition to hit upwards one's hear for yourself.
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Author: Ross Davis
San Francisco News Desk
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