Bitcoin Forum

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Tether printing news circulated around the world for the claim of bitcoin all time high prices but still lot of research on air whether it is true or nt

The claim is already being refuted:

https://www.newsbtc.com/2019/11/04/bitcoin-all-time-high-organic-not-single-whale-manipulation-says-vaneck-analyst/


In late 2017, the mainstream media was going nuts for bitcoin, and the google searches for bitcoin also went crazy - indicating that a lot of ordinary people were interested. Coinbase had a huge surge of people opening accounts, as did the other exchanges - and all that interest is likely to be what pushed bitcoin from around $10,000 to $20,000

That is, the whole 2017 bull run was faked. It's not hard for them because any amount of tether can be printed whenever they like.
If more manipulations like this continue to happen then, I think it's better for crypto to be regulated.

Fake volume - 2013, fake this, fake that - 2017. It doesn't matter. These are merely catalysts that ensure that the general public are talkingg about crypto.

If your mother is talking to you about crypto, then you should have sold yesterday because that's probably when it is overbought.

Single-handedly? If all of them the whales just do it as well this time, you can already picture how much BTC would be. We'd all be millionaires here and McAfee might not even such his dick if it happens <-- that's the sad part.

Tether has issues about this backing up with the USD they hold but should they also question few other Stablecoin? Bitfinex can probably produce the trillions of USD they have to back the ones in the blockchain and besides they already have disputed this claim.

There is a rather loud correlation between Bitfinex having problems and a bull run being ignited presumably to earn their way out of trouble. Once everyone else is up and running it becomes irrelevant.

I'd be fascinated to find out all those people turned away from exchanges and squealing all over Youtube were actors. It must've cost more than the profits 'he' made.

And no way is Tether pure thin air. That arrangement could last at best for a few days or weeks before imploding, not years. It might well have dodgy elements but its behaviour points to it being what it claims to be.

Regulated by who? Government? Federal Reserve? Commoditity futures? Bankster elites?
2017 was a commodity futures scenerio to kill Bitcoin. It failed!
Bitcoin is stronger today than it was in 2017.
The evolution of Bitcoin is continuing.
The fundamental strenghs remain.

Er... Not so sure about that, it feels like a shaky claim that doesn't have a lot of evidence. If they went to court right now, I would expect the case to be dismissed.

During that time there was a huge number of new investors for bitcoin and the bull run just feels like snowball effect combined with a shit ton of media attention.

Not sure what to think about Tether to be honest - they seen to have an odour if scams around them and it seems like the only news about it is controversial. I don't think it could be made out of thin air though.

It's a old new https://www.coindesk.com/study-claims-tether-props-bitcoins-price-in-market-downturns

I'm personally, skeptical that the Tether people would be crazy enough to keep up this scam after being subpoena'd by the SEC (~Dec 14th) which is why I'm not particularly worried. however we should stop using USDT. because every time major moves like 2017 peak happen there is negative headline news on Tether and Bitfinex. also the retail investors can't even convert USD to USDT themselves, and can't redeem USDT for USD, so it's not the same as USD. it seems every major crypto exchange and company doesn't want Tether to fail, knowing what will happen to their business if USDT collapses.

Can we move on? It was 2 years ago and I don't know if it has some relevant this 2019.

Whether the price spike was done by Bitfinex or not, we have seen the effects already and we are looking forward for the next block halving as the catalyst for another bull run similar to 2017, no need to dwell in the past.

Yes, our main focus right now is halving next year. Given the decreasing reward for BTC miners by half, we can expect that the bull run could occur after halving as in the previous halving in 2016. But this is only my speculation. Hopefully what happens is better than what we expect.

It seems to me that there is a grand conspiracy to discredit Tether including Bitfinex purely because of competition! - maybe because there are other stablecoin competitors out there that wants to take over Tether's status right now and yet, they have always been disappointed!

And why would anyone link Tether as the only cause of 2017 bullrun when everybody knows that FOMO became widespread to the crypto-community and mass media further fueled it and everybody at that time "want to have a piece of the pie" with this "bullish crypto scene".

Now I think that study seems flawed and purely hypothetical and still needs to be peer reviewed by independent third party entities to verify if it is correct!

I also think Cointelegraph's way of reporting should be more comprehensive and subjective and should present more pertinent proofs to substantiate it. Imho.

That's actually a valid argument, Tether is definitely top dog when it comes to altcoins, and I definitely could see other altcoins trying to sabotage USDT in order for their coins to achieve a higher market cap. A lot of the claims here just seem fairly lacking.

Cointelegraph feels like a messy news outlet, I see some great quality articles from them and I spend an average of 30 minutes a day using the site, but sometimes I see stuff like this and I just get confused...

Tether already sabotaged themselves:

 Crypto Market Roiled by New Allegations Against Tether, Bitfinex (https://bitcointalk.org/index.php?topic=5136339.0)
Bitfinex Allegedly Covers $850 million Loss with Tether Funds  (https://bitcointalk.org/index.php?topic=5136294.0)
Bitfinex Used Tether Reserves to Mask Missing $850 Million (https://bitcointalk.org/index.php?topic=5136192.0)

---

So there's a lot of allegations against them, "running on fractional reserve " or "no audits" afterall.

Anyways, I don't believed as well that they have something to do with bull run and it's subsequent collapse, it's pretty obvious that time that we are already in a bubble.

The Tether Fraud has been ongoing for a long time, wouldn't it be seen as additional FUD for the BTC to rise?

Imagine the people involved in that scam being arrested IRL and some people are going to witness it? Isn't it that once people start dumping USDT to BTC, it increases the price? So if there's $4 Billion to be dumped in USDT, there would be a significant impact on the cost of BTC. It would shoot up because people want to hold more of BTC instead of that Tether.

They have all the power with all those "missing USD" in question, and they can dump all of it in the market. Wouldn't it be the same with the Mt. Gox collapse?

I must admit that those previous allegations on Tether and Bitfinex have more substance than this 2017 bull run study which seems to support the notion that Tether and Bitfinex have been all along doing these unlawful things brazenly! And all of these are being set up to condition the minds of the public and influence their perception on these two entities. But of course, all of these are just allegations pending finality from court decision.

Now, this is the most puzzling thing to me, assuming Bitfinex and Tether did really orchestrate the pump on 2017 bull run, then we can assume that they were suppose to gain millions if not billions of dollars after that supposedly market manipulation right?

So lets also assume, they did totally get billions of dollars through that "manipulation", then I am wondering why Bitfinex, together with Tether were indicted on the supposedly $850 million dollar Bitfinex cover up allegation which supposedly happened on mid 2018?

I mean this allegations doesn't connect at all on why would Bitfinex would use Tether reserve funds to cover for its losses if they really did got substantial amount during the 2017 bull run as allegedly orchestrated by them?

FUD. It doesn't change anything about Bitcoin as a permissionless, self-boostrapped, sovereign, censorship-resistant cryptocurrency. The world is better with Bitcoin around, than without. 8)

Forget about this research report, What do you think personally? If there is anything without manipulation? I don't think so, I believe that the Bitcoin market is totally based on the holder's manipulation and in this way, the price of Bitcoin goes up and downs, That's why I always support a proper regulation form, If this system has an accurate regulation process then this platform would be more stable and less volatile, but I don't believe this type of research because this doesn't mean anything when you haven't any control over your system, so such news couldn't bring any positive thing towards this platform.

that is obviously a bullshit claim that could only work during 2018 that we had a price drop not today. because today you can not explain why price has not yet fallen back down to $900 (that is the price before the rise began in 2017 which you and your bullshit article on that shitty website are claiming). you can't explain it because it is bullshit.
take a look at altcoins for comparison. when the rise is fake and a pump, the price goes up but it comes back down to the price it started at and then continues going down as the fake pump goes away and eventually price reaches a value below the starting value.

example is ethereum. it was pumped with fake money in 2017 from 0.016 up to 0.15 then from that ATH is June 2017 it has been constantly dumped to the current price of 0.019 and still continues going down. that is 2.5 years of dumping.
now look at bitcoin. it went from $800 to $19800 then had a correction down to below $10k and then came back to $10000 and is staying there. if it was fake (pump) then price would have reached $3000 then went down to $2000 and $1000 and $800 again.

We can think of 101 reasons if the 2017 bull run was fake or real, but it was the Bull Run. Ever since then we are waiting for such a volume again which we saw in 2017 December.  Also the thing to be noted is that if anything is fake or a bubble, it will never come up again after the bubble, Bitcoin will again break its all time high and this does not happen with manipulations all the time.
Bitcoin by itself is so strong to break its previous resistance and there is no need for any artificial act.

Yes even I doubt the credibility of this research it does make any logical sense, this is a free for all forum but it does not mean users can post any random post claiming it to be the reason for pump or dump because we are all well aware that crypto market is manipulated by those who holds huge portion of bitcoin and if it's regulated then users will abandon crypto.

This is not the first time the whales will manipulate the crypto market and the issue happened a couple of years ago after which the crypto market has experienced corrections and a blood bath. I hope this is not the reason why some people are not so sure about the effect of the block halving next year cause I don't see any real collapse coming and I don't see the 2017 scenario affecting the trend of this year market.

This type of speculation lasted a long time, but it has not been proven that such a thing took place.
Quite the opposite happened - Audit stated that Tether is completely secured and nothing like fake pump happened on the exchange, it was only a natural inflow of capital:

https://www.coindesk.com/tether-review-claims-crypto-asset-fully-backed-theres-catch

There are still doubts whether everything has been thoroughly checked, but probably no one will ever be sure when it comes to crypto market speculation.

Difficult to conclude what is the basis of this news, without complete evindence their hard to believe because in every accussation need an evindence to prove tp convience people.
Accussation without evindence not acceptable in the court of law lol😀😀😀 I still believe the all time high last 2017 is cause of the world market stablility strong.

sounds like a sham analysis alright! :D

people tend to overestimate the ease with which markets can be manipulated. if bitcoin's bubbles were pure manipulation, why hasn't price crashed to double digits or $0 yet? why isn't everybody selling?

why did the market hit nearly $14k this year----some other manipulator, or was it tether again?

news flash: accumulators, whales, institutions etc provide support at market bottoms, including on bitfinex. it's their buying demand that forms these bottoms to begin with. doesn't mean it's always "manipulation"......

So I should fidget over your own personal opinion that does not make sense to me, and I would say that you are even thee one creating fud unnecessary which I think you are just doing that out of the envy that you have lost form the train at buying when the value of bitcoin was still considered to be extremely reach because the time that I joined cryptocurrency, there was nothing even like tether and the market was increasing, there was no tether before bitcoin reached $3000, so tell me what you believe made bitcoin to reach $3000 before the last all time high of $9800.

We all know that the market was manipulated then to a level but not to that level for which you are taking it, there are still lost of bitcoin adoption, I that is writing here have adopted bitcoin, I know about 20 of my friend that are also in bitcoin which I also know we have many people like that in the forum.

Another conspiracy theory. Seems they are very popular when people can't find explanations for some events on market like price rise or price fall and obviously everyone loves misteries.
Let's stick to facts and what can be checked and proved instead of designing imaginary scenarios all the time.

First, I don't think that it was a scam. Second, even if it was, it definitely raised awareness, which is good in the long run. Unfortunately, a lot of people lost a lot of money, and that is a shame. I'm not saying that scams are good, regardless of the result. However, if there is a silver lining to the event, it's that more people had learned about BTC because of it, that it all.

if the 2017 price is manipulated, is it also the same in 2013 or 4 years after that around 2021, I often see many threads in this forum discussing the price of bitcoin in 2020 and also 2021, so whether there will be other manipulations later, I will save this thread, see in the next year whether it looks manipulated or just FUD

As the network doesn't have any regulatory body, it will be manipulative. Based on the fact often we can get news relative to various claims. Most of the time the claims were associated with the Satoshi. Now the market rise itself had got termed to be a scam by Bitfinex. If that's the truth, even now there shouldn't be rise in the market as the tether issue isn't over. The present claim is a FUD which has been started for circulation focusing the upcoming price increase based on the halving.

Thanks fo the info