Author

Topic: Tether Tied To Bitcoin Rise? (Read 176 times)

legendary
Activity: 3346
Merit: 1128
July 01, 2019, 06:53:28 AM
#6
So there's a conspiracy theory going on that talks about how tether may be responsible for the rise in bitcoin (https://tipestry.com/topics/5d110b8313fe3c5fa63e0fd9/completely-natural). I think the initial rise over 4K may have been due to whales, but regardless BTC blasted through heavy resistance levels. Do you guys think this was a planned move by whales, tether based, or the beginning of what could be the next bull run?
Although the bitcoin market is already in uptrend, but is still don’t doubt the hand writing of whales on this current increase,, that increase of April first was still understandable because the movement was little and we can still attribute that to organic pump, but you see the one we witnessed recently that made the price jump from $10k+ to over $13k, that was too absurd, and it could only be linked to whales manipulation.

The effect of it is what we already saw, how there was a sudden price dump that gulp over $2000 within a very short time, so for those who are clamoring for whales to pump the market, you better be ready to play along with them, or else it be like magic the way they are going to dump the market heavily, what we need to really be encouraging is organic pumping, which is usually from genuine private investors, and also large financial institutions.
full member
Activity: 686
Merit: 108
June 27, 2019, 10:54:46 PM
#5
So there's a conspiracy theory going on that talks about how tether may be responsible for the rise in bitcoin (https://tipestry.com/topics/5d110b8313fe3c5fa63e0fd9/completely-natural). I think the initial rise over 4K may have been due to whales, but regardless BTC blasted through heavy resistance levels. Do you guys think this was a planned move by whales, tether based, or the beginning of what could be the next bull run?
Whales can be a reason with the recent pump, but i think bitcoin is really due to pump and that what’s happen. Though whales are making an early exit, hopefully they will start to pump bitcoin again because we saw a big drow in just one day.
legendary
Activity: 3234
Merit: 1055
June 27, 2019, 10:47:17 PM
#4
don't make it sound like its a crime committed by tether. we all do use tether.

its always been the issue with stablecoins, when the price starts to climb we all are buying back our BTC and when it starts to dip just as it did yesterday we all are selling into stablecoins including USDT. its not about just whales, if we all combined how much we are buying and selling related to the price of btc, we are part of how the price react whichever stablecoin we use be it USDT or the TUSD and all other stablecoins.
hero member
Activity: 700
Merit: 500
Massive price drop coming...
June 27, 2019, 10:33:17 PM
#3
There's a big amount of tether converted back to bitcoin few days ago after reaching the price to $13k the price drop and looks like bitcoin is exchange back tether and exchange to other stable coin like USDC and TUSD this is just what I notice yesterday.

So I think it's just a normal and not handle by whales most of them are trader's I'm sure because I'm one of who buy bitcoin and traded back to tether and buy again few hours ago just to get the opportunity to make profit while the price is high.
full member
Activity: 874
Merit: 125
June 27, 2019, 09:44:28 PM
#2
So there's a conspiracy theory going on that talks about how tether may be responsible for the rise in bitcoin (https://tipestry.com/topics/5d110b8313fe3c5fa63e0fd9/completely-natural). I think the initial rise over 4K may have been due to whales, but regardless BTC blasted through heavy resistance levels. Do you guys think this was a planned move by whales, tether based, or the beginning of what could be the next bull run?

Clearly the rise to 10K was purely from bitmex and a brazillian exchange I don't remember the name of. A large number of bitcoin was purchased using USD and Brazillian Real.
After that there were trading with USDT and also other alts. Stablecoin don't just help in making the price rise, they also lead to fall in price, like the way they are doing it now.
newbie
Activity: 31
Merit: 0
June 27, 2019, 09:26:57 PM
#1
So there's a conspiracy theory going on that talks about how tether may be responsible for the rise in bitcoin (https://tipestry.com/topics/5d110b8313fe3c5fa63e0fd9/completely-natural). I think the initial rise over 4K may have been due to whales, but regardless BTC blasted through heavy resistance levels. Do you guys think this was a planned move by whales, tether based, or the beginning of what could be the next bull run?
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