trader curt, how bout a link to your forecast? Thx https://elitetrader.com/et/threads/bitcoin-price-thread.315402/page-247#post-5010949
Why? So you can believe me? No thanks, I'd rather just relax and not go though all that work so some guy on the internet can believe me...
Why even make any analysis? Bitfinance just prints tethers and uses them to prop up the price. This is alternate reality, that no other market is exposed to.
The supply of Tether has not changed. Do you have a source for your claim? https://coinmarketcap.com/currencies/tether/ https://wallet.tether.to/transparency
https://www.coindesk.com/tether-says-its-usdt-stablecoin-may-not-be-backed-by-fiat-alone https://breakermag.com/tether-now-admits-its-not-fully-backed-by-dollars/ https://cryptoslate.com/tethers-new-update-suggests-usdt-is-not-100-backed-with-fiat/ https://www.wsj.com/articles/large-...d-price-sharply-higher-study-says-11572863400 https://bitsonline.com/tether-continues-printing-usdt/ https://www.nytimes.com/2018/06/13/technology/bitcoin-price-manipulation.html https://news.bitcoin.com/while-teth...val-stablecoins-provide-monthly-attestations/
First thing's first, I am not a fan of Tether and most cryptocurrencies participants aren't either. Same with CME bitcoin futures that are just gambling vehicles for betting on bitcoin price directions, but both of these are a part of the bitcoin/crypto ecosystem Thanks, appreciate the work you put in. I just want to make sure we're clear on the parameters of what REdDuke is claiming. He is claiming that every bitcoin price surge is due to printing of Tether, is that what you believe as well? From my point of view, that is ridiculous idea. The guy thinks he's smarter than the best minds of CME, (ICE) BAKKT, Fidelity (FIDAS), TD Ameritrade, Robinhood and all other big exchanges worldwide involved in these bitcoin markets that can be manipulated by Tethers, and we should include the SEC for approving all these marketplaces.
Very wrong assumptions. I am the first to admit I know shit, aka nothing. That being said, if I have to put up real money to buy BTC but bitfinance just creates USDT out of thin air to do the same, I will not touch it under no circumstance. USDT works as a catalyst to lure masses. Then masses move it. When masses disappear, USDT kick in again and so on. rinse and repeat.