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Author Topic: [2018-06-13] Last Year’s Record-Breaking Bitcoin Price Was Actually A Fraud  (Read 150 times)
jjacob
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June 16, 2018, 12:26:58 PM
Merited by hatshepsut93 (1)
 #21

Anyone can tell you that a commodity cannot jump from $1000 to $19 000 in a couple of months without manipulation. So this should not even be news.  Roll Eyes The Tether angle is new, so I would give you that.  Roll Eyes

Everyone seems to be looking for an explanation on why the price is dropping and why we do not have a great year, but the answer is right in front of you. Bitcoin is based on Supply & Demand, and the Supply has increased and the demand has decreased.   Cheesy

By an extension of your logic, no commodity can jump from a few cents to $1000 in a few years. Bitcoin has done just that. So would you conclude that the price rise during the initial years was manipulation too.
There may have been some manipulation during the price increase, but your logic that such a bull run is impossible without price manipulation is flawed.


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June 19, 2018, 05:10:15 AM
 #22

I just did not understand what is fraud using the Tether token. This token is actually the digital equivalent of the dollar and it is really convenient for them to use on exchanges and exchangers as an intermediate step when converting to fiat. But what does fraud have to do with it? How did the demand for bitcoin increase with the tether USDT token?

I guess you did not click or open the link I have provided therein for everyone to read more about the controversies, that says 'Tether is used to provide price support and manipulate cryptocurrency prices'. John M. Griffin and Amin Shams, both from the University of Texas conducted the research published a paper (via Business Insider) that makes a remarkable claim, according to this report, http://bgr.com/2018/06/13/bitcoin-price-today-vs-ethereum-vs-ripple-vs-eos-manipulation/

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