Quote from: exstasie on April 26, 2019, 08:46:59 AM

Quote from: 1Referee on April 25, 2019, 09:53:57 AM

The only thing that makes me somewhat question a strong downward movement is that Tether printed another 300 million units yesterday, which doesn't happen for nothing. They'll either be used to short the crap out of Bitcoin, or buy up whatever sellers will be dumping in their buy orders. In less than a month 800 million units were created, that's some crazy shit.

I wonder what'll happen now that the NY AG just sued Bitfinex and Tether, alleging fraud. New York is fairly impotent compared to the federal government so this isn't a BTC-e situation.....yet. But it's obviously giving the market some jitters.

It looks like we're seeing a significant premium develop between Bitfinex and the rest of the market now as customers flee the exchange. $5,416 vs. $5,183 as of this moment. I always wonder how this kind of situation will pan out, since a fear-based exodus from Bitfinex/Tether fiat can drive the crypto markets up rather than down.

Right, but as what we have seen, the market seems not bother by this all NY AG Bifinex and Tether drama as the price seems to recovered beautifully, form $5100-$5300 currently.

So yes, investors have matured, no listening to any FUD anymore and are willing to spend their cash to buy bitcoin as this point and HODL for the next bitcoin block halving.