Topic: Here is the reason for the synchronized ups and downs of all cryptocurrencies: (Read 60 times)
March 13, 2018, 04:51:19 AM
The disastrous effect of the quotations of cryptocurrencies measured in Tether: The Tether continues to cause long red candles on the entire cryptocurrency market. Its price is not perfectly fixed with the dollar, sometimes it instantly increases by 1% or 2%, and consequently after a few instants in the exchanges that do not have real dollars but Tether, due to relativity, the cryptocurrencies lose suddenly a large part of their value. It is an apparent loss, in reality it is the price of the Tether to increase. These sudden fluctuations trigger stop losses and cause sales due to panic. If all the exchanges used real dollars this would not happen.
Then clearly due to the effect of arbitrage this bomb effect is reflected on all exchanges, even in honest ones with real dollars.
Jump to: