70mil of Tether has been sent over to Bitfinex, only 8 confirmations left.
What could this possibly mean?
Hope you're ready for the Tether pumpening in
Jack Reed
Jackson Smith
Jose Hernandez
Well lending rates for long margin positions were at 0.2% last night. Gotta meet the demand.
Hudson Ross
>inspect element
lol enjoy having your long liquidated faggot
Luke Adams
Jonathan Wood
Getting less obvious which tether market these will flood into as time goes on.
Could even go into BCH with the conference in tokyo tomorrow...
Jeremiah Lewis
Its real tho
Joshua Morris
Henry Thomas
Oh fuck.
Nathan Fisher
We mooning, boys
Brayden Turner
meh, its not like the last time when they printed 300 mil, if this mattered we'd be pumping already and its still dropping. My short is safe lol
Thomas Martinez
Do we know for sure this will be used to pump BTC or will it go to ETH?
Grayson Flores
But this IS from the 300mil. They didn't do anything with it until now. It's gonna happen.
Luis Richardson
Eosfinix, duh
Jaxson Sanchez
can someone explainf to smoll brain what this means?
Aaron Russell
bitfinex printed money out of thin air and is pumping BTC one last time before the cease and desist letter arrives tomorrow morning.
Christopher Diaz
In other words, we're going to $10k
Or at least a decent pamp, I'm assuming
Levi Richardson
As a dirty altcoiner I just want BTC to fucking crash already so I can get in.
Elijah Morales
Check the charts. Pump is beginning, bizbros.
Julian Hernandez
How does more tether pump btc? Doesn't it just mean that demand for tether is going up because btc is tanking?
Jaxson Edwards
The funny thing is, this is not even funny.
Lucas Morales
??? Use your brain DumBFUCk
More tether = "more money entering the market" (not true, it's fake dollars)
Tether is the only reason BTC ever surpassed $2k
Christopher Rodriguez
It did nothing with the 300 mil that was printed. The more this goes on the more I think this tether shit actually isn't as big of a deal you fucks make it out to be.
Luis Gomez
no one really knows and its best to not ask questions.
Anyways, the two lines are about to touch in an hour or so. Lets see if they inject the tether into Bitcoins main vain.
Nolan Hall
Looks like we're up to 54 confirmations.
Pretty sure it's like Bitcoin and has 1 conf per minute. 1 HOUR BOYS
Aaron Watson
* 10 minutes
Kayden Collins
prepare for the upcoming dump to 5850.
Camden Anderson
Artificial demand. Price increase. Same as if I had a printing press and went around town buying up all the groceries. Price of food would skyrocket.
Nathan Garcia
They didn't send the 300mil anywhere, check the ledger. omniexplorer.info
My bet is they'll send the remaining amounts later on, possibly to other exchanges
Samuel Jenkins
Does it need 60 confirmations then?
Jack Anderson
The lady ended up with $30
Michael King
WHY IS IT DUMPING THEN AHHHHHHHHHHHHHHH
Dylan Moore
it always dumps when new tethers are printed
Lucas Stewart
Says the retarded bitfinexd follower for the umpteenth time
Brody Allen
BULL MARKET
YEAH, BUMP THAT SHIT
Robert Scott
So will this tether shit create a situation where people can implement a "big short" style trade?
The question is, when does tether's house of cards come crumbling down?
Ethan Robinson
When there's real regulations....Cruise control til then
Jose Wilson
Screencapping this so I can post it when I buy your bags for $1K.
Hunter Garcia
THANK YOU BASED TETHER
Aiden Gray
Noah Gonzalez
PAMP IT
Leo Myers
stock market is crashing AGAIN
Sebastian Harris
Lol after violently justing people for 2.5%, it proceeds to drop an additional 0.63% in after hours trading
Austin Bell
Ok, so the way I see it is people are still stuck in the bull market phase where printing tether meant more people entering the market. But now in bear what I think is more likely is exchanges are trying to get more tether because of the increased demand. So in 2017 an exchange would grow its stock of cryptos in equal proportion. But not I think it's more likely that exchanges hold bigger percentage of their stock in tether. Consequently more tether needs to be printed.
Sebastian Barnes
>What could this possibly mean?
my short is about to get fucking JUSTed?
Juan Hughes
Keep wishing bitfinexd but you'll never ever get the btc you sold for 1k back
No matter how much you begged bitfinex and no matter how much you spread fud on Twitter and definitely not with how much you begged for donations for a FAKE LAW SUIT
Nathaniel Morris
this.
Angel Roberts
you fucking niggers
i just closed a 50x short at 110% roe, dont start telling me btc not finna pump after the fact
Ethan Price
60 confirmations
Lucas Rogers
>giant red dildo
WHYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
Evan Nelson
dont say you weren´t warned
look
Jose Richardson
That makes no sense. I understand how tether could pump the market but HTF could it DUMP it!?
Jackson Miller
Because biz is full of dummies. That 70mil (or rather 300mil) is essentially being siphoned from btc to tether.
see
Noah Jenkins
Ok so
>Exchanges buy tether from tether (with fiat)
>Traders buy tether with bitcoin
>BTC goes down
Yeah? So it's normal market transaction and not some weird pump mechanism.
Julian James
look at the history of tether. bitcoin always has a dump when new tether is printed. also there were lots of other indications pointing towards bull trap.
Charles Jenkins
Pretty much.
Thomas Watson
oops wrong
Carson Garcia
he's gonna be shorting
Joshua Martinez
>finna
kill yourself nigger
Wyatt Mitchell
AAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH