Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
fluidjax
on 21/11/2017, 09:51:59 UTC
Quote from: Im not a robot on November 21, 2017, 09:38:08 AM
Quote from: HairyMaclairy on November 21, 2017, 09:21:10 AM
Quote from: theymos on November 21, 2017, 08:38:28 AM
Quote from: HairyMaclairy on November 21, 2017, 07:57:47 AM
If it is a coincidence that Tether is hacked three days after a social media campaign starts against it on Reddit, then that is a remarkable coincidence.

It reads to me like the growing hubub triggerring a bank run, and then Tether creating this incident in-house as a delaying tactic. Classic ponzi bank run behavior.

Ok let’s assume the rumors are true. Can we correlate the lift off in Bitcoin price to the date that Tether started circulating?

The price of Tether does seem to have a more or less inverse linear relation to btc from it's inception, which was around the time that btc found bottom from mt.gox.




I don't get what you are trying to show with these charts?
The 1st one shows tether price remains fixed at $1,  and falls against BTC as, BTC goes up., both not surprising.
The 2nd one shows the price of BTC rising?