Help me out here brainy anons. Last time we went from $9k to $11k, it took days, not 48 hours. Let’s not kid ourselves, someone is spending good money pumping this shit. But WHY the rush? Is there something coming next week that explains it? Something must have changed for them to risk running all the pumps at full speed with zero plausible deniability. Anything?
Why the rush?
The Mt Gox trustee got Bitfinex to do another tether pump it so that he can dump the coins he's holding at a profit
Bitfinex is panicking due to the NY AG investigation.
>someone
Tether/Bitfinex
as fucking per
Cz/tether on panic mode, probably got their accounts seized.
THE 2017 bull run was also manipulated but they are risking everything now, this feels like and exit pump
I mean that seems like my first guess, but exit scam doesnt make sense either. Where are they gonna run and who are they going to sell coins to? Exchanges hold a shitload of coins but it’s useless if it’s all tainted. Unless I am missing something? Anyway, I would have thought this run might be real, but the bart down from 11.2k confirmed this whole thing is rigged as hell.
you noticed the quints heh
11111
...
we’re in a different part of the cycle, dummy
What did you mean by "bart down from 11.2k confirmed this whole thing is rigged" ?
Think of it this way.. it took 9 years or something for BTC to reach 3k. We just went from 3k to 11k in 6 months..
I mean they’ve been careful so far to feed the pump continously, green candle after green candle, right before a weekend when people will have a hard time moving fiat in or out of exchanges. And suddenly it stops with a bart down, right after it breaches a seemingly impossible resistance at 11k and held. You need to dump a lot of coins to do that, and anybody with that much coins can just do it either otc or wait for the run to rise further.
Going from 9k to 11k took almost a month faggot. This pump has been much more sustained and reliable than anything in bitcoin before.
Hmm, makes sense.
What would an organic growth look like?
Going to 20 k in 2-3 years?
That is exactly my fucking point. In the history of crypto, pumps have been UNRELIABLE and subject to multiple pullbacks and corrections, all the way back to 2014. This whole steady rise is a crock of bullshit to me, and I’m trying to figure out what is the real game here, so I dont get caught on the wrong side of their shenanigans.
Making money is the game...
An organic growth is increased adoption of crypto to buy things, a clampdown on unregulated margin gambling, more merchants adopting it, death of all shitty scammy altcoins with no clear purpose, etc. all of which will be decried as jews taming bitcoin and fought every step of the way, so what the fuck i just want to make some money.
This is true. If making money is the game, how do they plan to do it? If it’s by taking money from us, then I want to know HOW before they sucker me of my cash. Because there is no fucking way they are doing this solely for my benefit.
Taking your profits about now, seems a way to make some money.
Regulating crypto? People will just move towards anonymous Cryptos.
By crazy pumping, I suppose. Lot of people believe this is gonna sustain.
Bigger boys playing with more complex instruments like futures. They go in whichever direction puts up less resistance at any given time. The downtrend before was just as heavy as the uptrend now.
Why would they be. The NY AG has no jurisdiction and the case is about to be dismissed.
>What would an organic growth look like?
A steady incline of 40 degrees over 20 years.
btc is shit to buy things, only store of value now
FATF ruling leads some people to believe the space will be regulated for institutional money to flood in, and bitfinex is pumping it hard for their final exit as the mentioned KYC processes would unequivocally reveal tether is a fraud with no real people connected to each new wave of printed funds
zoom out
It's just tether manipulation as well as cz and bitmex bots
I think if I were in a crazy spy thriller movie, there would be a massive wall with crazy writings and strings and shit, and there would be written in red ink:
-bullrun started when binance “hacked” COINCIDENCE????
-Tether printing exploded during NYAG investigation COINCIDENCE????
-Binance and bitfinex in cahoots?
-bitmex? Arthur? What’s the link?
-endgame? Leave btc pumped? Crash with no survivors?
-FATF regulation impact? Good or bad?