Bitcoin pump on binance. Already cross 7.5K USDT - page 2.

Glory90

full member

Activity: 392

Merit: 101

Quote from: stompix on October 15, 2018, 02:13:33 AM

Quote from: BitcoinHodler on October 15, 2018, 01:58:06 AM

the sign you used in your post ($ sign) is called dollar sign and generally it is used for United States dollar. but the number you are reporting is not USD valued. it is Tether value!

in other words 1 bitcoin is worth 7200 Tether which is equal to about 6500 US dollar.

I'm a bit puzzled about this...
Bitfinex is showing 7200 (right now) and those are $ not USDT , are they using USD for their tether?

We're going to have another gox?

as far as I know, users can't withdraw USD (United States Dollar) on Bitfinex, maybe it's USDT but Bitfinex itself believes that 1 USDT will always be worth 1 USD (United States Dollar) Grin

https://support.bitfinex.com/hc/en-us/articles/213919369-What-are-Tethers-

omorfi

sr. member

Activity: 728

Merit: 264

Maybe there have been pioneering information infiltrations in the news about Sec's Bitcoin ETF. I think the possible positive news about the ETF decision process can be pre-priced.

jossiel

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Quote from: The Cryptovator on October 15, 2018, 01:12:31 AM

How ever it's look also effecting on USD price. Seems USD price also increasing.

Yeah it affected the USD price and I'm surprised by just watching it refreshing the price tickers every second. We need more confirmation if this is really a sign of bull run if not expect a fall that will be followed quickly later.

Look what I've found.
CMC = $6,800
Preev = $6,400

Quote from: timotron on October 15, 2018, 01:35:51 AM

(Should not be this in the Economic discussion?)

On Speculations.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

This pump as some people are claiming to be is due to a FUD associated with Tether. I dont know how far this is correct or legitimate. The USD price like others have said, is still the same. There may be after-shocks of some panic buyers who get FOMOed, and they buy with USD and thus pump the price but thats secondary.

But waking up to a green market is always a good thing and I have no complaints regarding it as long as panic selling does not happen. Meanwhile keep an eye on the altcoins that people are holding because they are going to dump soon in my opinion.

stompix

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Blackjack.fun

Quote from: BitcoinHodler on October 15, 2018, 01:58:06 AM

the sign you used in your post ($ sign) is called dollar sign and generally it is used for United States dollar. but the number you are reporting is not USD valued. it is Tether value!

in other words 1 bitcoin is worth 7200 Tether which is equal to about 6500 US dollar.

I'm a bit puzzled about this...
Bitfinex is showing 7200 (right now) and those are $ not USDT , are they using USD for their tether?

We're going to have another gox?

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

the sign you used in your post ($ sign) is called dollar sign and generally it is used for United States dollar. but the number you are reporting is not USD valued. it is Tether value!

in other words 1 bitcoin is worth 7200 Tether which is equal to about 6500 US dollar.

Hivalley

member

Activity: 210

Merit: 19

It's an interesting one to watch closely, how come the price is only moving up in binance, but other exchanges are still rocked at 6300+, it's an obvious manipulation to cause uncertainty and fear amongst the community...

In my own opinion I'll advice we all wait for a real pump/bull run as this looks artificial to me and won't end well

timotron

sr. member

Activity: 924

Merit: 281

Trooper Founder & CEO

some theory could be the implosion of USDT!
In Kraken at .91$ cent.
Maybe is a Dollar implosion?
too early for that...

Shady for Alts, they started to bleed.
but nothing surrealistic at all.

(Should not be this in the Economic discussion?)

coinwizard_

jr. member

Activity: 336

Merit: 5

Most Advanced Crypto Exchange on the Blockchain

Its just the usual bitcoin whales doing their pump games. The interesting thing to watch is if others will take advantage with arbitrage trading or if they will move up in price as well

Baljourn

newbie

Activity: 7

Merit: 0

I'm not sure if this has anything to do with the increase in price, but I've noticed that Tether has taken about a 4% plunge on Bittrex. Could be money flowing into Bitcoin by people bailing out of Tether.

Coyster

legendary

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Quote from: The Cryptovator on October 15, 2018, 01:12:31 AM

Just now noticed from Binance, Bitcoin already cross 7K. I think big whale are playing. But on others exchange it's still $6300+. It's play time if you have btc on binance.

The signs are all obvious that a few whales are manipilating the market, sadly enough this could cause FUD and FOMO..

But to whose advantage will it be at the end...
Theirs of course..
I'm so ignoring this news/info

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

Just another Pump, so that people think that Bull rum has come and start buying. As soon as the target is achieved by these pump group, there will be a dump. Stay away from Binance now and HODL If there is a Bull run all markets will gradually show a price rise.

It is better to wait and watch patiently.

antisocial77

jr. member

Activity: 378

Merit: 4

bitcoin couldnt break ths trend since january.if we close the day above 6800 it would be super nice.then 7400.we needed this move even its a bit early..but whocares

The Cryptovator

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Signature space for rent

Just now noticed from Binance, Bitcoin already cross 7K USDT. I think big whale are playing. But on others exchange it's still $6300+. It's play time if you have btc on binance. I don't think this is bull run. Perhaps it's temp run on binance. Still down on others exchange. So be careful if you want to play.

Edit: Apologize to use $ sign. Really it is USDT. How ever it's look also effecting on USD price. Seems USD price also increasing.

Topic: Bitcoin pump on binance. Already cross 7.5K USDT - page 2. (Read 396 times)