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RE: Bitcoin could fall below $5,000 if this report on a mysterious cryptotoken is right

in #bitcoin7 years ago

This is both interesting and frightening, showing how a coin can be volatile and depend on some other factor. If this is true Bitcoin would be some kind of scam.

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well bit coin itself would not be a scam, creating tether without backing it with dollars would be scammy

Of course but could we really be sure Tether is backed with dollars ? With what we've witnessed recently you can't really be convinced. And by the way, don't you think we should have been informed from the beginning about this kind of link ? I'm tempted to ask myself "what else are they hiding from us" ? So in that way it can be scammy, you're right, maybe Bitcoin is not a scam, but it can be turned into something close to it by doing such "manipulations" behind our backs.

I think tether is screwing around, something seems wrong, it doesn’t look well for the industry when crap like that happens

I agree there's something with tether, it suddenly appears inside the top 15 coins out of literally nowhere, I'm sure it is being manipulated in its trading volume to rise to such a place, cause of course it is staying and oscillating at 1 $, it is its main purpose, for what, we don't know yet

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