RE: Price of STEEM - CMC scandal continues

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Price of STEEM - CMC scandal continues

in steem •  7 years ago 

@ew-and-patterns CMC already did averaging of prices last year. People thought it was bearish market because of CMC manipulation. Now by excluding bithumb, CMC will again enter into averaging hence there would be panic one more time.

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What CMC did was throw out the korean exchanges, they are doing the same here. They need to average the price, arbitrage can fix the problem over time. Throwing out the highest volume exchange is market manipulation on their part.

True