Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
mindrust
on 23/01/2018, 16:40:43 UTC
Quote from: Enjel on January 23, 2018, 04:34:15 PM
Quote from: Lopumbo on January 23, 2018, 04:31:30 PM
Quote from: d_eddie on January 23, 2018, 04:27:41 PM
11k broken. First sign of life or a passing illusion?

BTC dips (again) below 10k$...10min later...100M$ Tether printed...price rices unnaturally by ~10% within minutes...can't explain that

Tether isn't a problem. All dollar bills printed have nothing backing them. There doesn't exist a single bank that could pay fiat to their customers if they all demanded it at once.

The lack of reserves is hardly a concern, since prices are dropping due to wall street manipulators trying to make their shorts work as best as they can.


^ What he said.

If wallstreet banksters can print as many FIAT as they needed, why can't bitfinex do the same to counter them?  Grin

If they print money to keep the btc price low, then we print tether and buy more bitcoins. Get rekt.