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A comment on Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP Plan. Parent comment

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by chollida1 on Thursday December 21, 2017 @01:20PM (#15981356)
> without wash trades to pump up its value, what good is bitcoin for??

Can you please explain in clear terms how a wash trade pushes up the value of bitcoin?

I can see it increasing the volume but not the value.

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Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by sremani on Thursday December 21, 2017 @02:48PM (#15982182)
I do not think bitcoin has this problem because of the volume, but "painting the tape" is done to a lot of alt-coins by shark-pools.
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