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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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October 15, 2018, 07:52:14 PM |
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Let's reflect on what happened today. - There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
- Fidelity has announced various institutional Bitcoin services
- Legacy markets are unstable, with another financial crisis expected "soon"
What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin?
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yefi
Legendary
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Activity: 2842
Merit: 1511
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October 15, 2018, 07:53:52 PM |
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4. There are some well researched articles showing that the Bitfinex/USD Tether operation has essentially been responsible for the ENTIRE price rise in bitcoin right from $180 to where we are today
Yeah right. Even if you believe that Willy Bot was ENTIRELY responsible for the $1160 bubble, it had to buy 1M bitcoins. How many bitcoins has Tether bought even if you believe that not a single cent backs it? Yet it is responsible for an even greater relative increase? I'm no fan of Tether, but that sounds like "well-researched", class-A bullshit.
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RejectedBanana
Sr. Member
Offline
Activity: 406
Merit: 551
I am a banana.
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October 15, 2018, 07:58:48 PM |
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Let's reflect on what happened today. - There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
- Fidelity has announced various institutional Bitcoin services
- Legacy markets are unstable, with another financial crisis expected "soon"
What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin?
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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October 15, 2018, 07:59:44 PM |
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Meanwhile, the BFX BTC tether (mini) bubble is slowly deflating. Bitstamp parity soon again?
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kirreev070
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October 15, 2018, 08:04:57 PM |
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Let's reflect on what happened today. - There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
- Fidelity has announced various institutional Bitcoin services
- Legacy markets are unstable, with another financial crisis expected "soon"
What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin? If they can time to develop a mechanism for the transfer of a large amount of money, then Bitcoin can go to Mars or bitcoin will be a safe haven for saving money.
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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October 15, 2018, 08:05:26 PM |
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Let's reflect on what happened today. - There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
- Fidelity has announced various institutional Bitcoin services
- Legacy markets are unstable, with another financial crisis expected "soon"
What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin? bitcoin takes over socialism utterly ruined you eat your hat
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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October 15, 2018, 08:06:04 PM |
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If they can time to develop a mechanism for the transfer of a large amount of money, then Bitcoin can go to Mars or bitcoin will be a safe haven for saving money.
You can move a billion dollars with a telegraphic transfer in a couple of hours. you eat your hat
GHC. Global Hat Crisis.
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El duderino_
Legendary
Offline
Activity: 2562
Merit: 12414
BTC + Crossfit, living life.
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October 15, 2018, 08:20:56 PM |
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Let's reflect on what happened today. - There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
- Fidelity has announced various institutional Bitcoin services
- Legacy markets are unstable, with another financial crisis expected "soon"
What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin? MOON ??
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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Let's reflect on what happened today. - There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
- Fidelity has announced various institutional Bitcoin services
- Legacy markets are unstable, with another financial crisis expected "soon"
What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin? MOON ?? Hyperbitcoinization: https://nakamotoinstitute.org/mempool/hyperbitcoinization/
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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October 15, 2018, 08:34:47 PM |
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toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
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October 15, 2018, 08:40:42 PM |
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4. There are some well researched articles showing that the Bitfinex/USD Tether operation has essentially been responsible for the ENTIRE price rise in bitcoin right from $180 to where we are today
Yeah right. Even if you believe that Willy Bot was ENTIRELY responsible for the $1160 bubble, it had to buy 1M bitcoins. How many bitcoins has Tether bought even if you believe that not a single cent backs it? Yet it is responsible for an even greater relative increase? I'm no fan of Tether, but that sounds like "well-researched", class-A bullshit. it had to buy 1M bitcoinsThis part is nonsense. They didn't "have to buy 1M bitcoins" because to do market manipulation you only need enough to create movements in the right direction. Ever noticed how Bitstamp always follows and never leads ? (At least I've never seen Bitstamp lead a bullrun, it constantly has to be "dragged out of bed" by Bitfinex).
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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October 15, 2018, 08:45:41 PM |
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Situation normalised. Bitcoin may now resume downward trend
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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October 15, 2018, 08:51:29 PM |
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Situation normalised. Bitcoin may now resume downward trend
@ Simon Says: Okay, Tether back at $1.00, yet BFX BTC/USD not under $6700? Hmm, time for Stamp and Coinbase "Pro" to come up and play, the air is great up here.
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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October 15, 2018, 09:03:43 PM |
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El duderino_
Legendary
Offline
Activity: 2562
Merit: 12414
BTC + Crossfit, living life.
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October 15, 2018, 09:09:32 PM |
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can't follow some of the REAL IDIOTS ..... bitcoin doesn't need the be made great again, BTC IS GREAT ALREADY.
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jojo69
Legendary
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Activity: 3220
Merit: 4387
diamond-handed zealot
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October 15, 2018, 09:33:11 PM |
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or tether knew they were solvent. spread the fud themselves. bought your bitcoins for cheap. dumped on you at the top.
jesus
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