✴️ WHAT IS CAUSING THE BITCOIN PUMPS? IS TETHER TO BLAME?
This is a very controversial subject concerning Bitcoin and Bitfinex / Tether... The chart below demonstrates when new tether is printed, Bitcoin tends to pump hard right later.
Yesterday, I seen that "Tether" once again printed more than 100 Million USDT. I knew automatically Bitcoin was going to pump hard this morning so I put a simple long on Bybit.
Yeah, you can place a 100X bet on BYBIT but I don't recommend it, that shit is just plain gamblin!
But hey, sometimes you gotta take a big risk to get the big rewards! 😂 😅
Is this whole pump from April 1st to now a huge big pump scam by tether? Bitcoin went from Mid 9k to 11,500 in the blink of an eye. 😲
No one really knows for sure. However, if you can print "Tether" out of thin air, what do you think they are buying?.... Bitcoin!
Can it be new real money coming into the marketing buying tether? It can be... beats me! lol
So when will this "printing party" be over? Bitfinex/Tether has scheduled a hearing on July 29, 2019 to determine if any fraud did happen.
Until then, the "printing" of Tether will still continue. So if you find out if Tether does another round of "Printing" be sure to load up your bags and get some "Gainz".
This is going to be a very rocky 2019 for crypto. You are going to see lots of ups and downs... just be sure to start buying the huge dips!
Stay Safe and Keep On STACKIN! 😎
~ Charles Fuchs
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Excellent review @stackin and you are right, to earn us in 2019, will need to catch a good failure!
💪🏼🙌🏼💯
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Well, they've been saying that since it started moving up from 6, this tether thing could be one huge cockup! Perhaps they are just trying to squeeze the last cash out before the get lynched and operations are shut down.
We’ll see what happens in July but I believe nothing will happen but to enjoy the pumps 😬
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and I believe!))
it is a fun ride though
Steem needs a Steem/USTD on Binance 😎
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would not hurt
this gave me a laugh
I should become a bitcoin maximalist lol :)
in a sea of shitcoins 😂
I Think Steemmonsters and PAL is Our Future.......
You can't mess with splinterlands best game on steem :)
Wow, that’s a big risk you took, but glad it paid off. Any other exchanges with leverage besides ByBit? Also, take a look at my most recent post if you have the time. Thanks
It really is a very nice post, I like your post very much. My friend @stackin
just need to wait. I hope we will live to see the time))
So true :)
This happens everyday in the traditional financial markets as well. Everytime new money comes into mutual funds like money markets, new shares are issued to the buyers. This should not be so complicated or controversial except for the lack of transparency from Tether are the funds supporting it.
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Damn, Bitcoin is pumpin' hahaha
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