Quote from: realr0ach on April 30, 2018, 04:39:12 AM

Quote from: pacman7331 on April 28, 2018, 09:43:54 AM

I think bitfinex should be considered a total and complete black market scam artist exhange.

I told you people that every day for the last 4-5 years. That's one reason I despise bitcoin. The entire bitcoin market is controlled by a single trader/entity operating on Bitfinex ever since the price was $200. Said entity naked shorted the market during the halving in huge volume and could not cover his shorts, then Bitfinex mysteriously claims they were hacked right after and stole everyone's bitcoins in order to cover the shorts.

In order for this entity to operate on Bitfinex, it's 100% required for Bitfinex staff to be in on it, so it's either the Bitfinex owners themselves who control the whole market through fraud, or Bitfinex owners colluding with Chinese mining cartel, or they're issued some type of gag order and it's the ESF or Goldman Sachs or something manipulating the market. In the GATA archives it was uncovered the ESF attempts to introduce high volatility into the metals markets on purpose to make it seem like a less valid monetary instrument or store of value, so the govt/bankers themselves might even be running the bitcoin pump and dumps for this very reason.

That explanation would only make sense if you believe the govt did not create bitcoin. If the govt did create bitcoin, it would likely be the ESF propping up their scam to try and lure people into these imaginary, worthless tokens and distract them from sound money (silver or gold). Either way, the entire bitcoin price is based on Bitfinex fraud. So the question is: what is the real price of bitcoin without Bitfinex fraud? Nobody knows. They pumped the market via this tether scam, so I imagine it would be lower and somewhere between $200-$3000.