Recent 20000000 Tether market injection and its affect on the Bitcoin price
Just as I predicted we did not have to wait long til Tether blew another load. This time it is only 20000000. They must be getting desperate seeing that Bitcoin is falling and they shot this one early.
We might just expect a few new ones the following week as BitFinex tries to desperately pump up the Bitcoin price.
Might be sign to start going bear mode.
Also, another daily reminder of the BitFinex sham. I will post this until you like it:
^ ^ ^
Not how directors and senior managers are conveniently located in BVI, one of the jurisdictions known for supporting the shadiest of online businesses. Believe me, I know, I worked in offshore incorporations.
EDIT:
LOL, I was right, we are about an hour in and up 100$ already.
EDIT 2:
Was a nice 150$ runup Finex, can we have another one, please?
EDIT 3:
Chart showing how these fraudulent Tethers were put to work
Takeaway: throw your technical analysis charts in the dumpster and follow omnichest as well as any information of potential investigations of BitFinex. Once BitFinex stops printing Tethers, the Bitcoin music stops and you are better not left standing with a bag.
[link] [comments]
Read More
