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whos ready to buybull some 8k btc
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Poast new message in this thread
Date: February 1st, 2018 2:31 PM Author: bearded selfie
People who like losing money.
The fraud tether scam appears to have temporarily stopped. In the past, hundreds of millions of tethers would be printed out of thin air when BTC dipped, making the price go back up. Now with all the attention, there haven’t been any new tethers printed for a week.
So I predict a steady fall down.
(http://www.autoadmit.com/thread.php?thread_id=3878681&forum_id=7#35297129) |
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Date: February 1st, 2018 2:42 PM Author: bearded selfie
It’s misleading and incorrect to try and do an apples to apples comparison of market caps. Crypto is notoriously illiquid, making transactions have exponentially outsized effects. You may recall some whale that sold like $13 million of ETH on GDAX cratering the ETH price to like 50 cents, despite ETH having a market cap in the tens of billions at the time.
Also, I will copy and paste this good xo poast on the topic, regarding the entire crypto market:
Date: January 30th, 2018 2:12 PM
Author: Darsint
do you really think that the market cap is 500B? if you enter a buy or sell order of 10M it will pump/tank any coin by a massive amount.
now imagine buy orders of 800M in fake money that has been printed over the past month. how much do they inflate the price?
wait they've alreay done this study:
"Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet."
http://www.tetherreport.com/
tether is about 15% of ETH trading volume, and 12% of BTC trading volume.
it's one thing to say you don't believe tether is fake, but you have to be really dumb or willfully blind if you think that it IS fake but wont have a massive impact on the market
(http://www.autoadmit.com/thread.php?thread_id=3876130&forum_id=7#35278083)
(http://www.autoadmit.com/thread.php?thread_id=3878681&forum_id=7#35297224)
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