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RE: Kraken Lists Hive Perps: Market Manipulation? by edicted

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Viewing a response to: @bitcoinflood/re-edicted-2025129t18356798z

hive-167922 · @edicted · 
I mean if you look at price action in 2021 it was a whole not crazier than what we are seeing right now. 
from 13 cents to 80 in a few months. 
Low liquidity on Hive is the standard. 
What I don't understand is where this metric shit-ton of leverage is coming from. 
On both sides long and short... we don't have this kind of money. 
We poor.
👍  ,
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@meno ·
$0.11
very sus... They would have to own a wallet right? where is the collateral? 

This smells like fish big time
👍  ,
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vote details (2)
@edicted · 
Like a Hive wallet? 
No, not even the Kraken exchange needs a Hive wallet to list this market. 
As they are not accepting Hive deposits; everything is done in USDT. 
Hive is just a unit of account pegged by a price feed (a lot like how HBD works).
👍  
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vote details (1)
@meno ·
$0.11
How is this not the easiest thing ever to manipulate then...  the feed could be off... 

btw, what you describe here, the whale unlocking the HBD is exactly how it would happen.. if I saw someone doing that, I would dump as much as I could, with the idea of buying back (of course). But someone gambling in the markets could make a real good trade.
👍  , ,
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