Topic: I know why Bitcoin is growing now! - page 2. (Read 385 times)
To me the reason why we are experiencing this bullish trend is not about a particular exchange (binance) buy bitcoin because of usdt or tether but the bearish trend that started in December 2017 has ended in December 2018 and the market has no any other options than to recover. Cryptocurrencies market is a dynamic market and anything can happen at any time but this time I think it is a recovering face and we should expect more bullish trend in days to come.
Firstly, until now no one know if Tether and Bitfinex actually belong to the same person...
Tether, Bitfinex Stay Afloat Amid Controversy
“Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of co-mingled client and corporate funds. New York state has led the way in requiring virtual currency businesses to operate according to the law. And we will continue to stand-up for investors and seek justice on their behalf when misled or cheated by any of these companies.”
it seems to be the same person who owns both. But this does not matter much because there are already many alternatives to tether
As i use Binance, i don't think Binance buy bitcoin for USDT, the Tether problem was on Bitfinex, i also want to post a link or proof who show what exchange exchange USDT for bitcoin.
if they find out that the USDT is not backed up to the dollar, what will happen to it?
As i use Binance, i don't think Binance buy bitcoin for USDT, the Tether problem was on Bitfinex, i also want to post a link or proof who show what exchange exchange USDT for bitcoin.
Has everyone heard a showdown around USDT? At the moment, Binance is buying bitcoin for tether to secure its funds. Have you seen how the amount of USDT decreases on Binance? How to see the volume of tether on the exchanges answer below?
Well there could be another reason for this run up or upcoming like fidelity rolling out trading in few weeks? I don't know what impact they will cause on price, I'm waiting to see it through. Hope you know tether belongs to bitfinex exchange and not binance exchange so how can you ascribe this increase in the price of bitcoin to binance buying bitcoin to support tether, do you have any Link to back your new because that is the only way we can believe your news. And if I can ascribe the increase in the price of bitcoin to any thing It simple that is increase in the demands for bitcoin on the exchange.
It doesn't matter whose is Tether.
Every holder of this coin would be in trouble is something goes wrong, and there are crazy rumors about that right now. Every one is trying to secure their positions so it could be a point that individuals sell bitcoin for tether.
Has everyone heard a showdown around USDT? At the moment, Binance is buying bitcoin for tether to secure its funds. Have you seen how the amount of USDT decreases on Binance? How to see the volume of tether on the exchanges answer below?
I don't think binance is behind this bump, looks more like bitcoin is getting ready to hit the moon on dicember, that's how bitcoin roll 1 or 2 bad years and an epic december.
If binance were the one behind de bump it would be a crash for all that tether drama and not a bump.
Has everyone heard a showdown around USDT? At the moment, Binance is buying bitcoin for tether to secure its funds. Have you seen how the amount of USDT decreases on Binance? How to see the volume of tether on the exchanges answer below?
I guess you need to research more. Binance has nothing to do with Tether whatsoever. No one cares about Tether though, what causes the price to grow is that there is more demand, simply as that. And there's a lot of good news like this, Fidelity Could Ignite the Next Bitcoin Rally.
Has everyone heard a showdown around USDT? At the moment, Binance is buying bitcoin for tether to secure its funds. Have you seen how the amount of USDT decreases on Binance? How to see the volume of tether on the exchanges answer below?
Instead of being headache figuring out why bitcoin increases/decreases, why not enjoy the show, mate? Trade and accumulate your bitcoin. Anyways, if Binance wanted to buy BTC to secure its fund, it wouldn't buy in so loudly that BTC pumped to $6k. 
Hope you know tether belongs to bitfinex exchange and not binance exchange so how can you ascribe this increase in the price of bitcoin to binance buying bitcoin to support tether, do you have any Link to back your new because that is the only way we can believe your news. And if I can ascribe the increase in the price of bitcoin to any thing It simple that is increase in the demands for bitcoin on the exchange.
Firstly, until now no one know if Tether and Bitfinex actually belong to the same person but we knew is that they were both sues for scam. However, the deal document between the two company is yet to be release.Secondly, there's possibility that the Atom trading pairs which was said to be announced by Binance could be one of the rreason for the current surge in price of bitcoin market as the OP said.
except that an altcoin exchange has no place in bitcoin market and determination of its price against fiat which is mainly USD among other currencies. not to mention that buying bitcoin with an altcoin is not going to increase its price. it is like saying if you buy bitcoin with litecoin, dogecoin, ethereum,... its price is going up!!!
Still if bitcoin going up the other altcoins will be up also pairing with bitcoin. If it going low on altcoins it mean someone dont want the price of altcoins to going up also. Its just a matter of market condition nothing special.
I can assure you, this has nothing to do with Binance buying up bitcoin with Tether, and it does not make sense since Bitfinex and not Binance has association with USDT. If anything, this is just traders following some sort of sign and feel like buying now is the right time before the price leave $5000 levels for good. No good news seem to complement with what's happening in the market right now and I think no single explanation can satisfy the question of what's happening right now.
Has everyone heard a showdown around USDT? At the moment, Binance is buying bitcoin for tether to secure its funds. Have you seen how the amount of USDT decreases on Binance? How to see the number of tether on the exchanges answer below?
You might be right because Tether was sue acouple of days back by NY Attorney General for joining force with the Bitfinex exchange concern a certain fraud and what I heard is that Tether will provide some necessary document to proof their innocent but I'm not aware about any update maybe Binance CEO have figure out something fishy.
except that an altcoin exchange has no place in bitcoin market and determination of its price against fiat which is mainly USD among other currencies. not to mention that buying bitcoin with an altcoin is not going to increase its price. it is like saying if you buy bitcoin with litecoin, dogecoin, ethereum,... its price is going up!!!
Hope you know tether belongs to bitfinex exchange and not binance exchange so how can you ascribe this increase in the price of bitcoin to binance buying bitcoin to support tether, do you have any Link to back your new because that is the only way we can believe your news. And if I can ascribe the increase in the price of bitcoin to any thing It simple that is increase in the demands for bitcoin on the exchange.
Has everyone heard a showdown around USDT? At the moment, Binance is buying bitcoin for tether to secure its funds. Have you seen how the amount of USDT decreases on Binance? How to see the volume of tether on the exchanges answer below?
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