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Author Topic: Market Manipulation Proof: Tether only top 100 coin in the green today  (Read 107 times)
slanislaw
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January 17, 2018, 03:16:00 AM
 #1

For those that don't know: https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4

If you aren't aware Bitfinex is rumored to own Tether.

If you'd like to lean more Google Bitfinex and Spoofy.

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Everything is down huge today but Tether is the ONLY top 100 coin up.. Can you say manipulation? Plain as day.
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JetSet11
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January 17, 2018, 03:34:00 AM
 #2

I don't think so. I think that many are just using Tether as a guard against price volatility, since Tether is matched to the USD.

wuhanyan21
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January 17, 2018, 03:35:26 AM
 #3

Sorry, this makes no sense. Tether is supposed to be pegged to the USD thus it is to be stable $1 if nothing goes wrong with it.
slanislaw
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January 17, 2018, 03:37:30 AM
 #4

Pegged means nothing.. Its just another cryptocurrency.
scoobidoobydu
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January 17, 2018, 03:40:36 AM
 #5

Tether has it fixed value so I do not see the manipulation things here.
Also, I did see couple of more coins with green things.
If you choose view all coin, you will see a lots more.

Also, this does not mean I object your statement of Market Manipulation, my idea is we need more proof.

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January 17, 2018, 03:42:39 AM
Last edit: January 17, 2018, 04:22:15 AM by Crypington
 #6

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Zero1One0
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January 17, 2018, 03:45:05 AM
 #7

I don't think so. I think that many are just using Tether as a guard against price volatility, since Tether is matched to the USD.

I agree. Best to tie up your gains in USD as it doesn't fluctuate much. This sort of preserves the value in USD then be able to buy more at the bottom of the market. But it maybe too late now. Last week would have been a good exit, today is a good re-entry in my opinion.

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Acguy
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January 17, 2018, 03:46:13 AM
 #8

It isn't rumored, it is known that Bitfinex owns tether. The problem with tether is that it's suppose to be pegged to the USD but huge amounts of tether is getting made and it could all just be backed by nothing.

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