Roach you are a fucking idiot. You have been banging on about PMs for the past 5 years and fat lot of good it would do for anyone to follow your advice.
Thinking about this some more, if you can take $500 million Tether out of circulation and the Bitcoin price doesn’t move a cent = Bitfinexed’s theories have just been proved completely false.
That’s our proof that the 2017 bull market was organic and not a Bitfinex Tether bubble.
This interpretation would have the bottom already in. I think it’s too early to call the bottom, but it’s possible that it is in. But we are missing a high volume event to “seal” the bottom. This make me think there is still one last crash event lurking out there.
The amount of Tether in circulation has dramatically fallen as people cash it in for USD. I think that’s a cancellation transaction, reducing amount of Tether from 2 billion to 1.5 billion.
Edit 2: Some people saying sensible thing would be for BFX to buy its own Tether at a discount and burn it - risk free profit for them @ 2.5 cents on every dollar.
A curious situation. The best known lower bound for the minimal length of superpermutations was proved by an anonymous user of a wiki mainly devoted to anime.