Hey guys, what do you think of this article and paper claiming that "Bitcoin’s Price Was Artificially Inflated, Fueling Skyrocketing Value, Researchers Say"
papers.ssrn.com
nytimes.com
Can someone explain to me how tether was used to inflate bitcoin prices? how does using tether to buy other coins boost btc
that is retarded
the only purpose of Tether is to buy cryptos
of course the number of Tethers is correlated to btc price
wow i just sold everything
Its fake US dollars that can only buy cryptos. That money has to flow somewhere
wowzer howd they get all that forged usd onto jewbase i wonder
Why they dont do it with (((ripple)))
The truth is: nobody cares, price is subjective and if people are willing to pay $20k for Bitcoin that's what it's worth
>but tethers are unbacked!
So is the USD, congratulations, you discovered inflation
The extended truth: Even if the price was "fake", it spurred real interest, which in turn translated into real adoption, which in turn translated into real value (in Metcalfe's law terms). George Soros' reflexivity.
Ask yourself, we WILL see Bitcoin ETFs in the near future, would that happen had it stayed stagnant, giving boomerfolio's % returns?
>nobody cares price is manipulated
The delusion in this board is staggering
hahahahaha. fake dollars. backed by real fake dollars. backed by nothing. reported by the fake media. recycled fud. buy signal.
If it was used to manipulate price, then how come with recent printing of tethers the price hasn’t been going up or staying stable? It’s only been going down.
Buy Butcoin for tether? No one will sell Bitcoins for imaginary USD. Tether used by speculators to temporary sell Bitcoin, volume of tether=volume of Bitcoin shorts.
This.
>Investors transfer money to Bitfinex
>Bitfinex creates tether
>Tether is used to buy crypto
Tether could be the only thing keeping Bitcoin alive, because people would have just taken all their money out, brilliantly, someone came up with a replacement for USD that locks your money away so it can't lose value. BTC would be 2K easily without Tether.
I figured Jow Forums was retarded but not to this extent, some people here unironically didn't know the market was manipulated through tether.. they are creating approx. 6 new tether btw, I'll let you do the math for the next bullrun.
So volume of tether is money for Bitcoin buying
When all tether will be converted to Bitcoin, Bitcoin price will hit 36997$
how can they write this? have they ever audited tether?
It writen for retarded people
Whether it was manipulated by Tether was never a question. It was.
The question was if they had the assets to back it.
Tether fired their auditors. They have never had an audit completed and lie on their homepage about it
I still dont understand whats going on desu
delicious normie FUD. Just bought 100k
Ni hao, wealthy chinaman
They’re referring to a pump and dump only using tether instead of fiat. Either way nothing to see here, it happens in every kind of market.
More like Bitcoin fueling tether
> if people are willing to pay $20k for Bitcoin that's what it's worth
cool thanks for contributing nothing. also, water is wet and heat is hot
Reminder that banks can 'create money' through credit and often do so multiple times over their cash holdings.
Yes, but you can see it's full of disclaimers (understandable even if it was legit), their audit back in September said they had something like 400m in the bank, Tether is now worth over 2bn.
Make of that what you will. I won't tell you what to think.
Who bitch this is?
Theyd have put it into alts instead
Tether is fucking cancer and helped kill the alts mooning and increased btc drops as it made it much easier to pull out
MOMMY GIVE ME MILKIES
Ni hao, wealthy chinaman
>real adoption
All the ppl that bought on top are now emptying their bags cause they need lunch money
>Tether could be the only thing keeping Bitcoin alive,
BTC was alive and kicking long before Bitfinex pajeeting the market
BRAAAAAAAAAAP!
>BTC was alive and kicking
yes, at 1k
>we noticed price rose after falling heavily to support areas
>and that people bought a lot of tether
>in conclusion, we hypothesise that smart money BTFD
All prices are manipulated, in all markets. Your point?
it's both fake and gay
the only thing that academic in the NYTimes makes me think is that he must've gotten a bunch of fraudulent convictions
if you think tether was responsible for doubling the price of bitcoin for an entire year, i don't even know where to begin with you, you've failed so many basic economic questions there isn't a basis for us to talk
Greenspan
The Clinton cartel trying to destroy another source of income.
Al Gore talked about clean energy because he know the Clintons banned most of it.
Yes it’s odd they can’t answer economics questions
I don’t own tether or trans on that exchange but what the cboe is doing is wrong
Farmers dump your mike in the road