WTF is wrong with the values tracking??
MULTIPLE currencies are showing downward spikes between Current Date/Time and some recent date/time.
No wonder why antis called all this a pyramid scheme.
Posted Jul 4, 2022, 11:25 PM UTC
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MULTIPLE currencies are showing downward spikes between Current Date/Time and some recent date/time.
No wonder why antis called all this a pyramid scheme.
Posted Jul 4, 2022, 11:25 PM UTC
I have seen this on a few platforms. As far as I can tell, they have pricing data but sometimes the last data point reflects their buy or sell price, which has a "spread" built into it.
For instance, one platform I use would always have an upward spike at the end of the graph because it was displaying the buy price in the app (which factored in the "spread" to the upside). A downward spike at the end of every graph usually indicates the opposite.
Not saying it is right or wrong, just explaining what it probably is due to.
Well, that's weird. Why would owners let their buy/sell prices dictate how value graphs look?
Trying to rope in more customers?
I am not disagreeing with the confusion it causes, especially with stablecoins. I am not sure if it is a side-effect of how they program things, or if the do it intentionally so that when people look at prices it reflects actual price that you could buy or sell the token for in the app.
It is not an issue on exchanges that just use the last trade price, mostly seems to be apps that have a "swap" feature where they have some "spread" built into the pricing.