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Author Topic: HODLers or Tether - who do we blame?  (Read 164 times)
StarKay
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June 17, 2018, 07:24:14 PM
 #21

You don't have to blame the hodlers who believed it is the best time to cash out their investment and I don't see how Tether should be blamed either.
This is a decentralized market meaning their is no central authority so you/I can't blame anyone but ourselves.
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gentlemand
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June 17, 2018, 07:33:00 PM
 #22

I blame -----

EVERYONE.


They're the ones who pushed the prices up to genuinely stupid heights in the first place. They're also the ones who realised they had paid too much. They're also the ones who refused to pay too much to buy from the everyone who paid too much.

Scum.

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June 17, 2018, 07:34:22 PM
 #23

If we have Tether option to accumulate more Bitcoins why we will not use it.
Everyone likes to earn money and anyone who is ok with a risk is going to take the advantage of it.

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June 17, 2018, 07:35:27 PM
 #24


Due the nature of Bitcoin being a new asset class, it will be even worse and people go to the extremes (FOMO or panic selling), as years go by and assuming nothing wrong happens with the fundamental technology, these swings will be smaller in % long term as price grows.


Seriously, people react as if some 10 year-long trend has reversed, but in reality this $20,000k price was just a short-lived fluctuation and people are just salty that they missed the opportunity to sell at 3x  times higher price than today, so they are looking for scapegoats. And with all the predictions it's clear that so many Bitcoiners still threat Bitcoin as get rich quick scheme, they expect to get big returns in a few weeks or a few months, very few people are treating Bitcoin as a long-term investment for years or decades.

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June 17, 2018, 07:39:13 PM
 #25

Tether is being traded for a couple of years and this year is the only time that it's being used for manipulation. I don't believe on the article that was linked by the OP, it could've been boosted earlier if they had the opportunity. The second article feels like a speculation how do they know that it was sold to new speculators these sold coins can end up on the same people since rebuying is a possibility. There are other things to point out that could've contributed to this downward movement(exchange hack,trustee,whales,etc).

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June 17, 2018, 08:09:34 PM
 #26

A new study says "Tether Used to Manipulate Price of Bitcoin During 2017 Peak"
Tether, one of the most-traded cryptocurrencies, shows a pattern of being spent on Bitcoin at pivotal moments..
https://www.bloomberg.com/news/articles/2018-06-13/professor-who-rang-vix-alarm-says-tether-used-to-boost-bitcoin

And then another study says HODLers started the decline and then continued to sell into the dip.
Bitcoin Price Decline Caused by Hodlers’ Unprecedented $30 Billion Sell-Off: Research
https://www.ccn.com/bitcoin-price-decline-caused-by-hodlers-unprecedented-30-billion-sell-off-research/

The common ground is both groups wanting to cash out IMO.

So who do you guys blame?

I will blame tether because they started the manipulation While hodlers  reacted due to fear of fall in price.
pixie85
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June 17, 2018, 08:12:55 PM
 #27

So, you believe that if there were no suspicions about tether or the hodlers did not sell the price would continue upwards and we would be counting our profits?Cheesy
The market correction was long overdue and it had nothing to do with hodlers or tether. If I would have to choose a certain group, I'd blame investors who shorted futures and Bitcoin after double top at 20k.

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June 17, 2018, 08:28:52 PM
 #28

I believe that only Tether here is a great threat to bitcoin. That's 2 830 109 502 USDT minted and there is no proof that money really exist. Just imagine what will happen if it turns out there is no real dollars behind. 
Ludji
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June 17, 2018, 08:30:58 PM
 #29

Different people blame different things. The important thing to remember is to stop listening to everyone's opinion, but rather to form an educated opinion of your own. People often post those kinds of articles for views, rather then to inform people. The marketing aspect of crypto is very real.

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godfredmanu
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June 17, 2018, 08:33:12 PM
 #30

Tether is not to be blame. Tether serve as a stable coins for anyone who want to hedge his position or avoid his holdings from depreciating. Neither do you blame holders who have patience to wait even when coins are going down to a price that demand a sell off.

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olenka.1988
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June 17, 2018, 08:58:48 PM
 #31

I think on both sides there are interested parties who are striving to benefit in their own way, and as a whole, more control is needed on the part of some that would make the market more stable and predictable

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