Where your hard-earned money comes to die. Home.
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So let's say tether is fake... so there's >2.3B of fake money
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Poast new message in this thread
Date: January 30th, 2018 2:05 PM Author: trip toilet seat
lots of holders are retarded neckbeards consumed by vaguely anti jew federal reserve conspiracy theories. this shit would be utterly devastating to them psychologically.
hopefully enough grownups have entered the market such that we appropriately price the impact of anything like this. ideally these people sell low and end up bitterly crying about normies taking over crypto
(http://www.autoadmit.com/thread.php?thread_id=3876130&forum_id=7",#35278018) |
Date: January 30th, 2018 2:05 PM Author: Dashing frum partner
Things will tank for a couple of days.
Are there people that are able to jump in and out easily? If I want to sell BTC on Coinbase, I have to send it all to my checking account. I can't keep US funds there. So if I wanted to get out and then back it, it would be like a two week round trip. Am I missing something?
(http://www.autoadmit.com/thread.php?thread_id=3876130&forum_id=7",#35278021) |
Date: January 30th, 2018 2:12 PM Author: lascivious learning disabled lettuce
do you really think that the market cap is 500B? if you enter a buy or sell order of 10M it will pump/tank any coin by a massive amount.
now imagine buy orders of 800M in fake money that has been printed over the past month. how much do they inflate the price?
wait they've alreay done this study:
"Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet."
http://www.tetherreport.com/
tether is about 15% of ETH trading volume, and 12% of BTC trading volume.
it's one thing to say you don't believe tether is fake, but you have to be really dumb or willfully blind if you think that it IS fake but wont have a massive impact on the market
(http://www.autoadmit.com/thread.php?thread_id=3876130&forum_id=7",#35278083) |
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