Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
#1 Someone has a habit of doing this:
- Issuing new USDT
- Within days, moving that USDT to BitFinex, Bittrex, and/or Poloniex
- Using that USDT to buy crypto (seemingly a portfolio of BTC & others). They especially like to buy crypto when the price is just below whole numbers.
- Moving the resulting crypto back to BitFinex
- Rarely or never selling the crypto for USDT again
The authors argue that this is Tether/BitFinex themselves, and I think that this is in fact the most likely explanation.
We rarely see @theymos around here but welcome. I would say that is the pretty much summary of last one year of crypto market. Just I would like to add whales to this point. Whether intentionally or unintentionally big players of Bitcoin are part of this game too. - Issuing new USDT
- Within days, moving that USDT to BitFinex, Bittrex, and/or Poloniex
- Using that USDT to buy crypto (seemingly a portfolio of BTC & others). They especially like to buy crypto when the price is just below whole numbers.
- Moving the resulting crypto back to BitFinex
- Rarely or never selling the crypto for USDT again
The authors argue that this is Tether/BitFinex themselves, and I think that this is in fact the most likely explanation.
The thing is we are fighting against a very big enemy, I would say we even did not reach the stage yet where we can say we are in a competition now. No, that stage is still far. So this is not game over but this is the new beginning. Remember we are big in numbers, they cant defeate us in terms of quantity.
Panic is there too... but they are good at manipulating and hiding it.
http://i.imgur.com/dvDEHis.jpg
