It looks good? It looks like a giant pump and dump scam to any outside observer who isn't retarded. Now good old Scamfinex and their tethers are leading in price yet again and for some reason other exchanges follow it. Why exactly would an exchange that doesn't even have fiat withdrawals be the market maker? In any normal market, that exchange would be completely ignored no matter if the price was $0 or $1 trillion.
It seems like these people are desperate to try and convince people Scamfinex is somehow relevant; probably because that's China's entry point of BTC manipulation and without Scamfinex, China pump and dump manipulation using fiat that doesn't even exist is gone.
Well, the world is full of retards and as i cashed out what i wanted at 16k and got all my juicy coins for free, it's definitely a scam in my favor.
I can only gain money here, which makes a rollercoasterride so much more relaxed.
But this is why people flee things like the DOW in the first place, because it's a rigged "casino gulag". How long before people figure out this one is rigged even more so with a single entity on Bitfinex commonly known as "the Bitfinex spoofer" controlling price all the way from $200 to now. I mean look at him painting the tape off $7500 where the price went up over $1000 instantly.
When the entire buy and sell side is controlled by one guy 24/7 (which is how that price jump occurs), you're just in a brand new casino gulag. He's even more obvious than the US govt's plunge protection team. Then there's the fact that nobody even knows if he's using real money or not to do this (probably not - tethers).
This shit market is a house of mirrors where nobody knows a ballpark figure for what the real valuation is because every cent over $1000 might have all been one single scammer on a single exchange and his tether fraud.