Re: Tether drops 28 billion Bitcoin jumps 28 billion.

Quote from: noormcs5 on May 12, 2019, 06:02:32 AM

Quote from: Ryo1946 on May 12, 2019, 04:47:46 AM

The Tether delisting has given Bitcoin a great price jump. Especially positive 2+ extra billion beyond the 28 billion Tether drop/ Bitcoin jump. This is looking good for the predictors of a high Bitcoin price.

As you all may not have known the cause of the Bitcoin fall. It was in adjunction with the Tether manipulation.

But now thats over with.

-Ryo1946

Link to article.

https://medium.com/@devilman5214/tethers-delist-gives-resurrection-to-suppressed-bitcoin-and-altcoins-c463bd8c2a0c?source=rss------crypto-5

Tether fud has make people invest in bitcoin and leave the USDT. This is the reason we see a mini bull run in bitcoin at the moment. There is no stable currency as Tether has been backed by USD by 74% only which is creating panic amount the USDT holders. Once this fud will be over people will convert back to USDT to book profit from BTC.

Indeed it has. Although I'd have to say there is a possibility that these fudders won't convert to USDT if USDT is delisted from every exchange. The more USDT gets delisted, if it does, the more the fud, thus the more bitcoin being exchanged. Hence an increase in bitcoin price.

-Ryo1946