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7040732 No.7040732 [Reply] [Original]

https://news.bitcoin.com/report-claims-48-8-btcs-price-rises-last-9-months-occurred-within-2-hours-91-usdt-issuances/

>> No.7040858

The article concludes that “48.7% of bitcoin’s price growth between 3/29/17 and 1/4/18” took place during the “two-hour blocks” immediately following the ninety-one individual grants of new USDT – the collective time of which “total[s] less than 3% of the trading hours during that time period.” Transversely, the report concludes that “the average price behavior on a 2-hour timescale the compounded growth is just 6.5%,” leading the researchers in estimating that “a rough estimate of [approximately] 40% price growth attributed to Tether is defensible

>> No.7040944

>>7040732
It honestly doesn't matter at this point. BTC has already been thoroughly accumulated and distributed at higher prices. There will soon be legitimate alternatives to tether anyway.

>> No.7040946
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7040946

>>7040858
wow we are fucked

>> No.7040974

Good, I hope they print more tether so BTC keeps pumping then

>> No.7041000

>>7040944
Wow. Get your head out of your ass.

Stupid fucking teenager.

>> No.7041050

HEY, TETHERS ISSUED. BTC IS GOING UP!!!!!

> Buys BTC expecting it to rise, making BTC rise.

>> No.7041072
File: 48 KB, 984x315, jewtrump.jpg [View same] [iqdb] [saucenao] [google]
7041072

>>7040858
But its down ~30% since Jan 4th.
Anything done since then to show good/bad Tether?

>> No.7041074

I usually don't' fall for fud but this really starts getting into me
I'm not even close to making it though so cashing out doesn't seem like an option right now

>> No.7041101

Who gives a fuck

>> No.7041158

So. 53% it didn't go up afterwards.. It's nothing.

>> No.7041173

>>7040858
wow it's almost like everyone buys bitcoin as soon as tether is issued because of the meme that the price will pump from it, leading to -- you guessed it, a price increase

>> No.7041219

>>7041000
Do you have an argument? Go short btc and see what happens.

No one will care about this in a a few months. If it was a problem it would have blown up by this point. But seeing as you got into crypto 2 weeks ago of course you don't fucking understand that now do you? We've been calling tether a scam since ~may when Wells Wargo stopped banking with them. None of this is new, we all already knew this.

>> No.7041285

This is literally nothing.

>> No.7041295

>>7040732
Fuck. Are you kidding me? I joined a while ago and you're telling me I'm present during the goddamn implosion? Fuck.

>> No.7041329

New money comes in via tether. Bitcoin price goes up. Who would have thought.

>> No.7041366 [DELETED] 

>>7040732
Pump group with 40k members will be having a pump on Binance in at 7pm EST. You don't want to miss it!
www.discord gg/4gQsHam

>> No.7041518

>>7040732
Didn't we tell you to buy ETH?

>> No.7041566

>>7041219
>being this autistic

why should I even explain it to you, you deserve to lose money.

>> No.7041601

>>7041295
it's been a ticking time bomb since last may, only now it's even bigger

>> No.7041647

>>7041366
all of the people doing this are going to go to jail, right?

>> No.7041757

>>7040732
>bitfinex prints tethers to match the demand
>bitfinexed goes buttraged on twitter
>MUH TETHER PUMP IS COMING
>people think bitfinex is about to pump the btc price and open long positions
>SEE I TOLD YOU, FRAUDULENT TETHER PUMP

>> No.7041850

>>7040732
>two hours
There is no fucking way printed tether can reach the market and move the price in 2 hours. I hate tether as much as the next guy but this is either a shitty research or pure fud

>> No.7041978

>>7041757
>bitfinexed
>OP's article was written by an anon source

rly made me think

>> No.7042302

>>7041647
Nope. Welcome to unregulated markets anon.

>> No.7042345

>>7042302
it's like I've died and gone to a capitalists heaven

>> No.7042586
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7042586

Is somebody even surprised that only thing keeping btc alive is tether printer.

>> No.7042826

>>7041978
so what ? buttfinexed is the source of all this retarded theories

>> No.7042828

Doesn't it make sense that people are buying usdt then converting it to btc thus price goes up. And when btc price going down people converting into usdt to be safe. Both situations increase usdt demand.
Auditor confirmed usdt bank balance as well which is positive.

>> No.7042855

>>7042826
either him or someone else who is equally buttblasted.

>> No.7042934

>>7042828
which auditor? not the Chinese guy who is invested in bitfinex?

>> No.7042978

>correlation does not mean causation

>> No.7042984

>bitcoin.com

>> No.7043062

>>7042934
Nah another one back in September. They had 450m in bank to back up tether at that time. Could they not rack up 1b + since then on that bull run?

>> No.7043082

>>7041173
Why can't it be both?

>> No.7043565

>>7041366
lol. that pump was so weak not even the admins would have made money on it

>> No.7043627

>>7043062
link?

>> No.7043693

>>7042345
>tfw used to be full lolbert but then..
>wait no

>> No.7043855
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7043855

>>7043565
pumper logic:
>lets all start buying up the price of a shitcoin
>cool it went up
>sell into literally nothing buy walls all the way back down past your initial investment

Why do people fall for this shit?