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Topic: [2018-06-13] Last Year’s Record-Breaking Bitcoin Price Was Actually A Fraud - page 2. (Read 266 times)

legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
Anyone can tell you that a commodity cannot jump from $1000 to $19 000 in a couple of months without manipulation. So this should not even be news.  Roll Eyes The Tether angle is new, so I would give you that.  Roll Eyes

Everyone seems to be looking for an explanation on why the price is dropping and why we do not have a great year, but the answer is right in front of you. Bitcoin is based on Supply & Demand, and the Supply has increased and the demand has decreased.   Cheesy
sr. member
Activity: 966
Merit: 275
The bears are firmly in control of the cryptocurrency market, as Bitcoin and all the other coins have been on a free fall since Sunday. All tokens have been losing value consistently since late May, and there’s no telling when the bleeding will stop.

More disturbing, a new study now claims that Bitcoin’s incredible bull run last year was the result of manipulation via the use of a different token called Tether, which has seen its own share of controversies since its emergence.

For those of you not familiar with Tether, it’s a token meant to help traders buy and sell cryptos for US dollars across exchanges and increase the speed of transfers. Rather than worry about fiat transfers, you can convert your money into Tether, and then do whatever you want with them in the crypto world. Every single Tether should always be valued at $1, and each Tether should be backed up by a real dollar. That sounds great on paper, and it’s supposed to provide security to Tether users.

That’s because Tether should not be affected by bull or bear runs that routinely affect the crypto market. In fact, Sunday’s bloodbath did not affect the digital currency. So that’s all great news, yes?

More here, http://bgr.com/2018/06/13/bitcoin-price-today-vs-ethereum-vs-ripple-vs-eos-manipulation/
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