You are viewing a single comment's thread from:
RE: TETHER | Have Tether Holdings Been Printing Money To Inflate The Price Of Bitcoin?
Great research as always mate.
It does sound very shonky and BTC manipulation is a meme that is getting more traction in the past few weeks.
I've always been suspicious of pre-mined coins so naturally I avoided this one.
Do you think Tether is basically being was used as a BTC pump and dump?
If that is the case could Tether be used to manipulate any cryptocurrency?
I wonder if it is being used to control the price down as expiration of CME BTC futures contracts is tomorrow?
Just trying to get my head around it buddy, apologies for all the questions 😉
Hey.
Yes. But instead of a small group of people making gains it's all of us. I saw an interview with Brock Peirce the other day and he said that Bitcoin is like the sea and the other cryptocurrencies are like the boats in the sea. So if the tide goes up all the boats in the sea go up with it.
If you manipulate BTC you inevitably manipulate all the others. I could be wrong but potentially the easiest cryptocurrencies to manipulate with Tether would be the ones that have a trading pair with Tether. Which there are quite a lot of as USDT is a base pair on a lot of markets these days.
The futures contract definitely had a negative effect on the price of BTC but I don't think Tether and the CME BTC futures contracts are connected in this manipulation of the markets.
Basically it seems very unlikely that people around the world bought up 1.6 billion Tethers in under a year without Tether having either a working bank account or working wallet. So the question remains, where did they all come from?
Thanks for the reply buddy.
Where did they all come from indeed? Doesn't feel right.
I await the next update mate.
Cheers.