Okay, listen, I get people are battling each other over BTC and BCH. There's a problem (or perhaps something good about to happen to one of you). Right now, 30 million tethers are being conjured, again. See here:
Last night, around the exact same time, they created 30 mil as well. Between 1-3 AM last night, after the tethers were created, BCH rocketed and BTC crashed. Now, if you're currently in BCH, you might be thinking this is a good thing, HOWEVER, these tethers go to bitfinex, which has futures on it. These futures currently have a LOT more shorts (they want the price to go down) than longs (price to go up). Tonight may be very different - it COULD mean BCH rockets again, OR bitfinex might want to liquify those shorts and create not only BCH crash, but also BTC rocket like never before seen. I don't know which, but I wanted to come here and warn everyone. Be wary gentlemen. DISCLOSURE - I'm 100% in BTC right now, so take my words with a grain of salt if you want.
you cannot create or destroy tethers without changing its peg to 1 usd. If tether significantly varies from 1usd it will be destroyed
Kevin Rodriguez
Aye aye Captain'
Angel Watson
>you cannot create or destroy tethers
Luis Murphy
is now a good time to buy btc and then buy bcc after bitfinex works its liquidating magic?
Elijah Ward
I'm staying all in BTC til new ATH. Don't know why anyone would buy the chinee hype other than a quick pnd gain.
Jayden Bailey
I literally have no fucking clue. I'm sitting here refreshing the above website until this shit gets confirmed and is therefore "rea;" and then I'm going to stare at BCC and BTC price charts until I pass out...
Leo Evans
Goddam chineeeeee!!!!
Andrew Campbell
the fee is low, so this will take a while. take a nap
Parker Hernandez
Is the consensus that it's good to get into BTC atm? I wanna sleep but the suspense is killing me.
Cooper Sanders
i'm gonna wait til you fall asleep then do the exact opposite trade
Cameron Hill
>confirming (1 of 6)
Owen Foster
thanks for the notice user. I've been wondering if they've been setting people up to view tether issuance as a buy indicator and then once enough people jump into pump after a fresh batch is released "they" just crush those jumping in to buy. So like you, I have no idea which way it will go in the coming hours, but its def something to pay attention to.
Fuck me I don't know what to do I'm getting hammered up the ass here. What are some alts to take refuge in while the storm passes, other than Neo obviously.
Nathan Garcia
I think you know.
Benjamin Collins
hmm. Interesting. Interesting.
Liam Stewart
pajeet pls
Angel Phillips
CONFIRMED
Asher Rivera
Dude all tethers so far have been created from nothing. You think bitfinex has the fucking $564,000,000 to back up all that tether? All of it is being created from thin air just like the banks printing paper
Carson Flores
fug.. what happens now
Austin Young
Oi cunt, watch it.
Samuel Ward
Well, thus far it appears as though they're going to push up the BCH price. That could change, but it has moved upward while BTC has remained relatively stagnant. Stay tuned....
Nolan Davis
god I hope so, this time I finally got me so bitcoin cash.
Mason Rogers
>implying I will sleep before BCH crashes into a shortable coin again
Grayson Allen
Yet again a pleb doesn't understand tether properly.
>Muh inflation
David Hughes
Why did you do dis
Adrian Reed
the absolute state of biz. I obviously know tethers are created and destroyed that's their whole business model for fuck sake. Tether can't inflate or deflate the supply of tethers more than the respective increase or decrease in market cap because if they do it as op is suggesting tethers won't be worth $1 and everyone will dump their tethers.
economics 101 you retards
Michael Kelly
You're actually retarded.
If you're in btc rn you're in the wrong coin. Get ready for the market manipulation.
Tyler Harris
It is official now. They are, in fact, pumping BCH. I have moved over from BTC. THAT BEING SAID, they could, at any time, organize a huge dump and swap, so stay near your computers. Gonna be a long night...
Jayden Baker
btc is gonna crash because people have realised bch is bitcoin. not because some impossible idea that you can create tethers and buy bitcoin without crashing the price of tether
Jayden Cooper
Few people care about who the real slim shady is. They're not that ideologically motivated. They will follow the direction of what seems profitable and safe to have, as well as what has the most usefulness to them.
Between BCH and BTC; that is definitely BCH on all accounts once the hashrate flippening causes price flippening. Most of them won't come to that realization before the flippening is well under way though and BCH is at least in 2k USD territory and BTC hits as low as 5K.
Dominic Rivera
something doesn't become more profitable for no reason, it's not ideology it's the value proposition. Bitcoin as a settlement layer or bitcoin as a peer to peer electronic cash
Jaxson Jones
Thanks for your disclosure. Op is a man of journalistic integrity.
Brandon Adams
I'm just impressed that people with Down's Syndrome can actually use the internet.
Jack Turner
>this might happen or that might happen or nothing might happen at all. i'm not sure. take care guys
