Hi dears
simplex played clever game in bitcoin market, we all familiar that bitcoin is a demand and supply market
as per my market analyze bitcoin will be purchased with two type of payments 1.credit card 2.bank transfer
most of the bitcoin exchange linked with simplex service for buying bitcoin thru credit card
some exchanges accept bank transfer and low limit credit card purchase, while simplex give higher limit
most of the bitcoin buyers are credit card payers
here is the game starts
when we start buying bitcoin by using credit card no other option we have to go with simplex
once they receive our payment they invest in buying bitcoin large quantity and hold, also start buying people selling bitcoins too, in this case buyers became more and sellers become less and demand become high and price go up. once it reach sufficient high simplex starts selling all holding bitcoin
and made profit, during this time sellers became more and automatically price drops, once price drop simplex will work on delivering bitcoin backlog
this is pure bitcoin politics, don't know wether to blame or appreceiate simplex ?