Hang onto your hats. Things are about to get fucky.
1. Tether is sinking in value again as the spread between Bitfinex and Bitstamp blows out.
2. The Bcash fork is in 2 days.
I think we are going to see some significant volatility.
Top line is BSP / BFX spread.
Middle line is Tether / USD spread.
Bottom line in volume oscillator on Tether / USD spread.
Why you so excited?
Nothing is really happening.
The spread between USD tether based exchanges and not came down to $50 then up to $100 and back down and then again currently up... perhaps around $140 to $170.. depending on the exact moment and which exchange(s). Movement of USD tether? A bit, I suppose. Does it mean anything? Maybe, maybe not.
Sure, we are still, also, waiting to see what is going to happen with the Bcash fork.. but so far nothing too much... there was a bit of a pump last week, and now that particular pump seems to have been dying out, yet maybe there could be another last minute pump of bcash right before the fork.. then depending on if those bcash nutters really fork, then there could be a dump of bcash thereafter.... but maybe not.. and if so, how is bitcoin going to respond to whatever happens?
You are assuming that bitcoin is going to respond negatively, which could happen if the bcash fork actually does not happen, but you are assuming that the bcash fork is going to happen... so if the bcash fork does actually happen, then that might be a bit bullish for bitcoin.. or at least not strictly bearish as you seem to want to presume, and seem to be attempting to make a case for (when there is no real case)... for what reason? I am not sure. hopium? perhaps? Perhaps?
Are you persuaded that Bitcoin is reacting negatively to the fork ?
Maybe one day you will listen to me
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