Post
Topic
Board Speculation
Re: Bitcoin pump on binance. Already cross $7K
by
Glory90
on 15/10/2018, 07:48:18 UTC
the sign you used in your post ($ sign) is called dollar sign and generally it is used for United States dollar. but the number you are reporting is not USD valued. it is Tether value!

in other words 1 bitcoin is worth 7200 Tether which is equal to about 6500 US dollar.

I'm a bit puzzled about this...
Bitfinex is showing 7200 (right now) and those are $ not USDT , are they using USD for their tether?



We're going to have another gox?
as far as I know, users can't withdraw USD (United States Dollar) on Bitfinex, maybe it's USDT but Bitfinex itself believes that 1 USDT will always be worth 1 USD (United States Dollar)  Grin https://support.bitfinex.com/hc/en-us/articles/213919369-What-are-Tethers-