Crypto is not an investment

[Anonymous No.19770442]

ABSTRACT
This paper investigates whether Tether, a digital currency pegged to the U.S. dollar, influenced Bitcoin and other cryptocurrency prices during the 2017 boom. Using algorithms to analyze blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices. The flow is attributable to one entity, clusters below round prices, induces asymmetric autocorrelations in Bitcoin, and suggests insufficient Tether reserves before month‐ends. Rather than demand from cash investors, these patterns are most consistent with the supply‐based hypothesis of unbacked digital money inflating cryptocurrency prices.

https://onlinelibrary.wiley.com/doi/full/10.1111/jofi.12903

[Anonymous No.19771215]

So bitcoin was a pump and dump scheme?

[Anonymous No.19771965]

>>19771215
Tether basically is a just propping up the value of BTC with money they don't have. The whole thing is a house of cards.

[Anonymous No.19771983]

>>19770442
thats a woman