Is this serious scientific research? Looks like a joke to me, or very bad journalism:
>During both periods, the USD-BTC exchange rate rose by an average of four percent on days when suspicious trades took place, compared to a slight decline on days without suspicious activity.
So price action happens based on trading activity, wow what a shocking conclusion. Here I was thinking prices went up and down randomly for no reason!
>The team found that many instances of price manipulation happened simply because the market was very thin for various cryptocurrencies including early Bitcoin.
Hmmm this seems to imply supply and demand also have some sort of effect on price movement. Another shocking discovery!
>As mainstream finance invests in cryptocurrency assets and as countries take steps toward legalizing bitcoin as a payment system (as Japan did in April 2017), it is important to understand how susceptible cryptocurrency markets are to manipulation.
And they came to this final fantastic conclusion about the present (2017/2018) based on alleged manipulation that happened 4 years ago on an exchange that no longer exists. Fascinating research indeed. /s
>During both periods, the USD-BTC exchange rate rose by an average of four percent on days when suspicious trades took place, compared to a slight decline on days without suspicious activity.
So price action happens based on trading activity, wow what a shocking conclusion. Here I was thinking prices went up and down randomly for no reason!
>The team found that many instances of price manipulation happened simply because the market was very thin for various cryptocurrencies including early Bitcoin.
Hmmm this seems to imply supply and demand also have some sort of effect on price movement. Another shocking discovery!
>As mainstream finance invests in cryptocurrency assets and as countries take steps toward legalizing bitcoin as a payment system (as Japan did in April 2017), it is important to understand how susceptible cryptocurrency markets are to manipulation.
And they came to this final fantastic conclusion about the present (2017/2018) based on alleged manipulation that happened 4 years ago on an exchange that no longer exists. Fascinating research indeed. /s