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RE: Did you know that it didn't use to be illegal to trade commodities on "insider information"?
The issue here is how to determine what information is relevant in the longer term for bitcoin prices. As the price is really only drive. by demand and supply it is tough to gauge how to interpret any non public information and the impact to trader psychology on their decision. Intrinsic value is why bitcoin and other cryptocurrencies will never be quite efficient until adoption reaches a much higher level.
Very true. It is all based on sentiment. Information/media rules in that environment.