I'm not sure if tether is really backed by the same amount of USD. I'm still on the fence about using it considering it can collapse at any time and in their terms of service they are not required to trade you back USD in exchange for tether.
Once bitcoin becomes more widely adopted the price will stabilize and it will be much more difficult to manipulate.
Topic: It’s getting hard to pump and dump Bitcoin - page 3. (Read 475 times)
Too many eyes are on bitcoin now, making it hard to pump and dump. Maybe it is time for it to cry out for a change in crypto world and turn this situation around.
Pump and dump is always there on the line but there are also so many factors that affect the price, maybe pump and dump is really hard today because the volume of the investors is really unstable so then I believe that the value and the price of the coin is also unstable. And maybe due to the huge dip the pump and dump status has moves in a very slow way.
It is really quite difficult to see an intense pump and dump during these days as the value of bitcoin is really unstable. Bitcoin price has been in a dip since the beginning of these year and we could probably tell that the price has not recovered knowing its performance from last year especially at the end of 2017. But knowing that bitcoin is surviving is a sign that bitcoin will still emerge and continue to be the king of all crypto and will reach the highest pump which everyone is awaiting from its lowest dump.
Doing pump is hard but dump is easy. We need big investors to pump and fluctuate the price, mass adoption is needed. Now we are on dumping stage where everything is on dump but this doesn't mean a bad idea cause everything is all right and good cause this only means this time is right to invest and waiting to pump
LOL we will be happy if the price returns to 20k instead of dreaming about 50k price jumps.
Yeah, sad news. Let's hope that by the winter, bitcoin will return to the mark of $ 20,000, and better than $ 50,000, but with today's course it seems unreal.
Expecting the price to jump to $50,000 isn't a good thing. A stable rise is better than skyrocketing. And reaching this goal requires more people to invest and adopt bitcoin. As more people starts to adopt bitcoin, we will see a gradual rise of the price. Sudden jump would just make people confuse, cause people to panic ( like they wouldn't be sure if they should hold or cash out) and FUD will start spreading all around. Do we want that? 
Your title is about bitcoin pump and dump,but your thread is about tether.
Tether has little to almost nothing to do with manipulating the bitcoin price.By the way,the bitcoin price can still be easily manipulated,despite the 209 billion market cap.All we need is a good working propaganda machine that will spread a lie about bitcoin "going to the moon" very soon.The majority of the corwd will start buying bitcoin like crazy.
Tether has little to almost nothing to do with manipulating the bitcoin price.By the way,the bitcoin price can still be easily manipulated,despite the 209 billion market cap.All we need is a good working propaganda machine that will spread a lie about bitcoin "going to the moon" very soon.The majority of the corwd will start buying bitcoin like crazy.
Im a bit confused too about the thread title and the post about tether.
As davis196 states the value of bitcoin can be pumped or manipulated
but a direct "pump and dump" is difficult IMO without the top 10 or 20
or 100 bitcoin holders making an organised campaign to do so.
It would be a different thing to pumping and dumping shit coins.
Your title is about bitcoin pump and dump,but your thread is about tether.
Tether has little to almost nothing to do with manipulating the bitcoin price.By the way,the bitcoin price can still be easily manipulated,despite the 209 billion market cap.All we need is a good working propaganda machine that will spread a lie about bitcoin "going to the moon" very soon.The majority of the corwd will start buying bitcoin like crazy.
Tether definitely has it's part in manipulation, it's been used for it previously and i am sure it's still used if possible for it. Tether has little to almost nothing to do with manipulating the bitcoin price.By the way,the bitcoin price can still be easily manipulated,despite the 209 billion market cap.All we need is a good working propaganda machine that will spread a lie about bitcoin "going to the moon" very soon.The majority of the corwd will start buying bitcoin like crazy.
Your title is about bitcoin pump and dump,but your thread is about tether.
Tether has little to almost nothing to do with manipulating the bitcoin price.By the way,the bitcoin price can still be easily manipulated,despite the 209 billion market cap.All we need is a good working propaganda machine that will spread a lie about bitcoin "going to the moon" very soon.The majority of the corwd will start buying bitcoin like crazy.
Tether has little to almost nothing to do with manipulating the bitcoin price.By the way,the bitcoin price can still be easily manipulated,despite the 209 billion market cap.All we need is a good working propaganda machine that will spread a lie about bitcoin "going to the moon" very soon.The majority of the corwd will start buying bitcoin like crazy.
Pump and dump is always there on the line but there are also so many factors that affect the price, maybe pump and dump is really hard today because the volume of the investors is really unstable so then I believe that the value and the price of the coin is also unstable. And maybe due to the huge dip the pump and dump status has moves in a very slow way.
It’s getting hard to pump amid the dump in the $209 billion cryptocurrency market.
At least that appears to be the case when you look at Tether, one of the most-traded digital assets and also one that’s allegedly been used to manipulate the price of Bitcoin. Over half a billion dollars of Tether has been created in August alone, a move that in the past would have often coincided with a rally in Bitcoin, yet the larger cryptocurrency has fallen 15 percent.
The assets moved much more in lock step last year, when Bitcoin hit an all-time high, according to a University of Texas professor whose research showed that “Tether seems to be used both to stabilize and manipulate Bitcoin prices.”
Questions about Tether and Bitfinex, one of the world’s largest crypto exchanges that also shares the same management team, have dogged the virtual currency world since last year, when Bitfinex lost banking relationships yet continued to operate. The U.S. Commodity Futures Trading Commission subpoenaed both firms in December, seeking proof that Tether is backed by a reserve of U.S. dollars, as it claims. British Virgin Islands-based Bitfinex and Tether haven’t been accused of wrongdoing.
To date, $2.8 billion Tether have been issued, according to the company’s web site. The digital currency generally trades for around $1 because each coin is supposed to be backed by $1 of fiat money in a bank. The currency, which started trading in 2015, is pitched as a stable alternative to Bitcoin’s volatility, acting as a haven for crypto investors.
But Tether has also been implicated as a way to move the price at will of smaller digital coins, according to a recent research paper by Chainalysis. Last year, Tether was linked to Bitcoin, Ether and Litecoin about 85 percent of the time, according to the paper. When prices crashed early this year, that correlation fell by an average 93 percent. But between January and June, EOS and NEO maintained a high correlation to Tether use.
“While on-chain transaction activity was in decline for the major cryptocurrencies, traders were still seeing opportunities for profit with some of the newer, lower-volume cryptocurrencies,” according to the Chainalysis paper.
“High volatility for low-volume Tether trading pairs is a typical sign of pump and dump activity,” the paper concluded, in part. “A sudden spike in a particular trading volume followed by an abrupt decline is characteristic of price manipulation.”
Liam Murphy, an outside spokesman for Bitfinex and Tether, declined to comment.
Tether has created $515 million of new tokens this month, according to blockchain data. All of those new Tethers were sent to Bitfinex, the data show. That’s backed up by the Chainalysis report. “After issuance, all Tether passes through the Bitfinex trading platform, Tether’s only direct client,” Chainalysis said. From Bitfinex, about 80 percent of the Tether is then moved to six other exchanges: Bittrex, Poloniex, Huboi, OKEx, Binance and Kraken.
Yet not even more than half a billion in new Tether has been able to affect the price of EOS and NEO in August. From July 30 to Aug. 21, EOS has fallen 37 percent and NEO is down 44 percent, according to data collected by Coinmarketcap.com.
https://mybroadband.co.za/news/cryptocurrency/273213-its-getting-hard-to-pump-and-dump-bitcoin.html
At least that appears to be the case when you look at Tether, one of the most-traded digital assets and also one that’s allegedly been used to manipulate the price of Bitcoin. Over half a billion dollars of Tether has been created in August alone, a move that in the past would have often coincided with a rally in Bitcoin, yet the larger cryptocurrency has fallen 15 percent.
The assets moved much more in lock step last year, when Bitcoin hit an all-time high, according to a University of Texas professor whose research showed that “Tether seems to be used both to stabilize and manipulate Bitcoin prices.”
Questions about Tether and Bitfinex, one of the world’s largest crypto exchanges that also shares the same management team, have dogged the virtual currency world since last year, when Bitfinex lost banking relationships yet continued to operate. The U.S. Commodity Futures Trading Commission subpoenaed both firms in December, seeking proof that Tether is backed by a reserve of U.S. dollars, as it claims. British Virgin Islands-based Bitfinex and Tether haven’t been accused of wrongdoing.
To date, $2.8 billion Tether have been issued, according to the company’s web site. The digital currency generally trades for around $1 because each coin is supposed to be backed by $1 of fiat money in a bank. The currency, which started trading in 2015, is pitched as a stable alternative to Bitcoin’s volatility, acting as a haven for crypto investors.
But Tether has also been implicated as a way to move the price at will of smaller digital coins, according to a recent research paper by Chainalysis. Last year, Tether was linked to Bitcoin, Ether and Litecoin about 85 percent of the time, according to the paper. When prices crashed early this year, that correlation fell by an average 93 percent. But between January and June, EOS and NEO maintained a high correlation to Tether use.
“While on-chain transaction activity was in decline for the major cryptocurrencies, traders were still seeing opportunities for profit with some of the newer, lower-volume cryptocurrencies,” according to the Chainalysis paper.
“High volatility for low-volume Tether trading pairs is a typical sign of pump and dump activity,” the paper concluded, in part. “A sudden spike in a particular trading volume followed by an abrupt decline is characteristic of price manipulation.”
Liam Murphy, an outside spokesman for Bitfinex and Tether, declined to comment.
Tether has created $515 million of new tokens this month, according to blockchain data. All of those new Tethers were sent to Bitfinex, the data show. That’s backed up by the Chainalysis report. “After issuance, all Tether passes through the Bitfinex trading platform, Tether’s only direct client,” Chainalysis said. From Bitfinex, about 80 percent of the Tether is then moved to six other exchanges: Bittrex, Poloniex, Huboi, OKEx, Binance and Kraken.
Yet not even more than half a billion in new Tether has been able to affect the price of EOS and NEO in August. From July 30 to Aug. 21, EOS has fallen 37 percent and NEO is down 44 percent, according to data collected by Coinmarketcap.com.
https://mybroadband.co.za/news/cryptocurrency/273213-its-getting-hard-to-pump-and-dump-bitcoin.html
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