1 Level
6 Review
2 Karma
Review on Bitcoin Diamond by Steven Angel
with most pump and dumps usually completing their cycles during intraday…
with most pump and dumps usually completing their cycles during intraday trading. This tells us that BCD has very little sentimental value to the market and really only serves as a vehicle for getting the market motivated during slow periods with these fleeting frenzies.
Pros
- Interestingly, if we now look at the markets, we can see a huge discrepancy in BCD prices, that, if are true, offer huge gains via simple arbitrage trading. According to the current BCD markets, BCD on Binance is listed for a whole 678% more expensive than if you were to buy it off Indodax - an Indonesian crypto exchange
Cons
- It will be interesting to see in the future whether this project will ever be taken seriously as a legitimate investment opportunity or if these radical ‘boom-bust’ movements will make a more commonplace appearance in the day-to-day market
