Quite...eerie. Tether is super volatile all the sudden! AGAIN! This isn't a retail pump if you look at exchange inflow. This definitely isn't a spot pump, if you look at volumes. It's all derivative. This type of pump has never been seen before in the HISTORY of Bitcoin.
Soooooo...what is it? Institutions are stealing your coin because it's all they can get their hands on. Notice how we're going up on next to no volume? LUL. #HODLers be HODLIN.
Tether is exiting. You heard it here first. B wave? Or new ATH?
"BXBT pricing is currently derived from equal parts Bitstamp, Coinbase Pro, and Kraken."
Who up there has the largest volumes? Can I get a giant Twitch.tv LUL up in this bittttttttttttt connecttttttttttttttttttttt
New ATH buddy
10k level is a do or die for btc, here is why:
deactivatedaccount123
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@Jocoin, Can you share this chart any harder? Jesus man. It’s like you’re desperate for likes.
Jocoin
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@MC_Peewee, I really wonder why some ppl think sharing other views and knowledge is a bad thing!!!
for you being wrong before on our previous discussion doesn't mean you take it personal that's why i share it again with you, i don't need likes i am not publisher i get zero benefit from sharing my view just only to help others see another idea for what maybe going on, likes wont make anyone rich i also wonder why traders on TV care for followers as well as likes, i guess to advertise for whatever site,service,channel,paid indicators which i got none of them
Jocoin
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@Jocoin, If you missed the train its okay there is nobody asking you to buy now but open your mind to have others views on your consideration or stop calling for massive b wave which may effect other ppl as well
at least have alternate view just in case you become wrong
deactivatedaccount123
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@Jocoin, I do have an alternative view. 30k-50k. Even if that happens, we're still coming down hard thereafter IMO.
Considering how this rally is happening, I don't buy this being a new ATH. This so far is showing textbook B wave action, from what I have learned so far.
When I was talking about spamming your chart, I've seen you share this chart quite literally everywhere. Going into your profile confirms this.
You're just as bias as I am, so stop talking crap about my opinion and saying I'm missing the train.
I'm okay with missing the train, it gives me a LOT of opportunity to learn.
Jocoin
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@MC_Peewee, Everything is possible, but if you read my ideas you will see there i warned for a bear alternate view and end of this bull run with every post since we breakout 12k that if 10k broken with daily close which i also mentioned in comments it may be 1k-2k area target in the long term.
I am bias to be successful either up or down i always seek to be a trend friend
BORGG
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Not sure if I get the message of your post
deactivatedaccount123
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@BORGG, Why is Tether so volatile while Bitcoin is making a historic pump?
It's quite literally recycled money. There's no NEW money. Which means Bitcoins value is ... fake. Entirely.
BORGG
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@MC_Peewee,
Possible. Yes. But where is the counter proof that it is not real money which has flown into tether before. Yes you can print tether money if you want. The behavior of bitfinex is not something I'd call trustworthy - admitted.
On the other hand there is also an increasing volume on Bitstamp, coinbase and bittrex which have regular USD handles.
Tether is a cool tool to transfer USD to other exchanges. fast and without having the risk to get caught in a drop if you do it with any crypto.
deactivatedaccount123
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@BORGG, Coinbase and Bitstamp are used in the formula for the index price of Bitmex. In order for the people behind this Tether pump to make REAL money, they have to manufacture trades on those two exchanges so they stay in-line with Bitmex.
Bittrex is a dinosaur. Anyone with serious money isn't trading there. Thus, the volumes are inflated.
I don't know why it's so easy for me to see, but one thing is clear to me. Tether is manipulating the price of Bitcoin. Again. And it just so happens that RIGHT BEFORE this massive rise, Bitfinex admitted in court docs that Tether was 74% backed, and there was 850M of funds seized. Yet everyone is not only OKAY with that, but willing to pay a MASSIVE premium?
Yes, volumes are rising. Of course they're going to rise when Bitcoin goes 300%+ in a matter of months and we just topped out AGAIN at a new high.
Tether is the ticking time bomb. It's only a matter of time.
10k level is a do or die for btc, here is why: