What is happening right now? (2018/10/15) - page 3.

Herbys

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The publication that trading pairs with USDT will probably be a fake tomorrow from the Binance exchange.

Also affected by the news: the exchange KuCoin will suspend the input and output of Tether tokens to "purse maintenance"

and an article from Bloomberg about the possible insolvency of Bitfinex and doubts about the reliability of USDT tokens, of which more than 3 billion were issued, but Bitfinex posted 3 references to cold wallets where Bitcoins, Ethereum and EOS are stored, so the rumors not confirmed.

ophyrim

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Quote from: funchiestz on October 15, 2018, 03:49:35 AM

Today, we started with Bitcoin great pump like end of the 2017. Bitcoin almost %20 rised and reached almost 8K in 1 hour. Then, started the retreat again to 7K.

What is going on Bitcoin? Is it related with Tether? Tether has moved in last days. Can anyone explain?

The pump was not so strong and BTC cannot reach 7k USD level at the exchanges which use USD instead of tether. The price action was not real. In some exchange who use tether instead of USD you can see 7.5 + levels. This is because of tether/USD price. Normally each tether must equal at 1 USD. But during this movement, each tether was equal of less than 0.9 USD. This is the main reason of this BTC price movement and also big spread bettwen exchanges.

Quote from: HeRetiK on October 15, 2018, 05:05:36 AM

Seems like people are fleeing from USDT and are thus moving into BTC and some of the alts in case USDT turns out to be insolvent.

Not sure why everone is fleeing USDT right now however.

The price of tether was dropping since few days and today there was a rumor that Binance will delist tether. But this news was not accepted by Binance CEO.
https://twitter.com/cz_binance

HeRetiK

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Playgram - The Telegram Casino

Seems like people are fleeing from USDT and are thus moving into BTC and some of the alts in case USDT turns out to be insolvent.

Not sure why everone is fleeing USDT right now however.

Herbys

jr. member

Activity: 238

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I think this is a slight panic over Tether, investors are forced to look for a profitable investment for their Tether.

nicster551

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Quote from: funchiestz on October 15, 2018, 03:49:35 AM

Today, we started with Bitcoin great pump like end of the 2017. Bitcoin almost %20 rised and reached almost 8K in 1 hour. Then, started the retreat again to 7K.

What is going on Bitcoin? Is it related with Tether? Tether has moved in last days. Can anyone explain?

They said that people took all of their funds from USDT and try to buy it for Bitcoin then that makes the price of Bitcoin go up for the mean time.

crairezx20

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Quote from: funchiestz on October 15, 2018, 03:49:35 AM

Today, we started with Bitcoin great pump like end of the 2017. Bitcoin almost %20 rised and reached almost 8K in 1 hour. Then, started the retreat again to 7K.

What is going on Bitcoin? Is it related with Tether? Tether has moved in last days. Can anyone explain?

I don't find any reason why the price of bitcoin is suddenly jumped for almost 5%-10% according to some news that the price of bitcoin hit 7k value again from Bitfinex exchange in Hongkong but according to CMC the price of bitcoin was increased around $6700.
There is $10 billion added on market capitalization but I can't find any reasons why the price increased in a couple of minutes but I think there is a big event happen in hong kong where many people buy bitcoin a few hours ago.

talkbitcoin

legendary

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All I know is that I know nothing.

Quote from: funchiestz on October 15, 2018, 03:49:35 AM

Today, we started with Bitcoin great pump like end of the 2017. Bitcoin almost %20 rised and reached almost 8K in 1 hour. Then, started the retreat again to 7K.

OMG, did you people start using bitcoin yesterday?
bitcoin price is the same as it was ever. and a rise is not a pump. right now you are looking at the price of bitcoin versus an altcoin and think that price is the value of bitcoin! that altcoin is called Tether not USD Cheesy

check out Coinbase, Kraken, and other exchanges that are actually trading bitcoin with fiat. you can also check out exchanges that have other fiats such as Euro, CNY, JPY, ... they are all the same.

it is just that one altcoin (tether) that is falling in price.

funchiestz

sr. member

Activity: 1134

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Today, we started with Bitcoin great pump like end of the 2017. Bitcoin almost %20 rised and reached almost 8K in 1 hour. Then, started the retreat again to 7K.

What is going on Bitcoin? Is it related with Tether? Tether has moved in last days. Can anyone explain?

Topic: What is happening right now? (2018/10/15) - page 3. (Read 731 times)