Bitcoin pump on binance. Already cross 7.5K USDT

[The Cryptovator]

Just now noticed from Binance, Bitcoin already cross 7K USDT. I think big whale are playing. But on others exchange it's still $6300+. It's play time if you have btc on binance. I don't think this is bull run. Perhaps it's temp run on binance. Still down on others exchange. So be careful if you want to play.

Edit: Apologize to use $ sign. Really it is USDT. How ever it's look also effecting on USD price. Seems USD price also increasing.

[antisocial77]

bitcoin couldnt break ths trend since january.if we close the day above 6800 it would be super nice.then 7400.we needed this move even its a bit early..but whocares

[pakhitheboss]

Just another Pump, so that people think that Bull rum has come and start buying. As soon as the target is achieved by these pump group, there will be a dump. Stay away from Binance now and HODL If there is a Bull run all markets will gradually show a price rise.

It is better to wait and watch patiently.

[Coyster]

Just now noticed from Binance, Bitcoin already cross 7K. I think big whale are playing. But on others exchange it's still $6300+. It's play time if you have btc on binance.

The signs are all obvious that a few whales are manipilating the market, sadly enough this could cause FUD and FOMO..

But to whose advantage will it be at the end...
Theirs of course..
I'm so ignoring this news/info

[Baljourn]

I'm not sure if this has anything to do with the increase in price, but I've noticed that Tether has taken about a 4% plunge on Bittrex.  Could be money flowing into Bitcoin by people bailing out of Tether.

[coinwizard_]

Its just the usual bitcoin whales doing their pump games. The interesting thing to watch is if others will take advantage with arbitrage trading or if they will move up in price as well

[timotron]

some theory could be the implosion of USDT!
In Kraken at .91$ cent.
Maybe is a Dollar implosion?
too early for that...

Shady for Alts, they started to bleed.
but nothing surrealistic at all.

(Should not be this in the Economic discussion?)

[Hivalley]

It's an interesting one to watch closely, how come the price is only moving up in binance, but other exchanges are still rocked at 6300+, it's an obvious manipulation to cause uncertainty and fear amongst the community...

In my own opinion I'll advice we all wait for a real pump/bull run as this looks artificial to me and won't end well

[BitcoinHodler]

the sign you used in your post ($ sign) is called dollar sign and generally it is used for United States dollar. but the number you are reporting is not USD valued. it is Tether value!

in other words 1 bitcoin is worth 7200 Tether which is equal to about 6500 US dollar.

[stompix]

the sign you used in your post ($ sign) is called dollar sign and generally it is used for United States dollar. but the number you are reporting is not USD valued. it is Tether value!

in other words 1 bitcoin is worth 7200 Tether which is equal to about 6500 US dollar.

I'm a bit puzzled about this...
Bitfinex is showing 7200 (right now) and those are $ not USDT , are they using USD for their tether?



We're going to have another gox?

[TheUltraElite]

This pump as some people are claiming to be is due to a FUD associated with Tether. I dont know how far this is correct or legitimate. The USD price like others have said, is still the same. There may be after-shocks of some panic buyers who get FOMOed, and they buy with USD and thus pump the price but thats secondary.

But waking up to a green market is always a good thing and I have no complaints regarding it as long as panic selling does not happen. Meanwhile keep an eye on the altcoins that people are holding because they are going to dump soon in my opinion.

[jossiel]

How ever it's look also effecting on USD price. Seems USD price also increasing.

Yeah it affected the USD price and I'm surprised by just watching it refreshing the price tickers every second. We need more confirmation if this is really a sign of bull run if not expect a fall that will be followed quickly later.

Look what I've found.
CMC = $6,800
Preev = $6,400

(Should not be this in the Economic discussion?)

On Speculations.

[omorfi]

Maybe there have been pioneering information infiltrations in the news about Sec's Bitcoin ETF. I think the possible positive news about the ETF decision process can be pre-priced.

[Glory90]

the sign you used in your post ($ sign) is called dollar sign and generally it is used for United States dollar. but the number you are reporting is not USD valued. it is Tether value!

in other words 1 bitcoin is worth 7200 Tether which is equal to about 6500 US dollar.

I'm a bit puzzled about this...
Bitfinex is showing 7200 (right now) and those are $ not USDT , are they using USD for their tether?



We're going to have another gox?

as far as I know, users can't withdraw USD (United States Dollar) on Bitfinex, maybe it's USDT but Bitfinex itself believes that 1 USDT will always be worth 1 USD (United States Dollar)   https://support.bitfinex.com/hc/en-us/articles/213919369-What-are-Tethers-

[Oniko]

And what will happen if the USDT is recognized as a fictitious company and everyone starts selling USDT?

Bitcoin and other cryptocurrencies can grow by 100-500% in 1 day, and this can happen

[talkbitcoin]

the sign you used in your post ($ sign) is called dollar sign and generally it is used for United States dollar. but the number you are reporting is not USD valued. it is Tether value!

in other words 1 bitcoin is worth 7200 Tether which is equal to about 6500 US dollar.

I'm a bit puzzled about this...
Bitfinex is showing 7200 (right now) and those are $ not USDT , are they using USD for their tether?



We're going to have another gox?

i believe it is because of the old design that they never changed. before Bitfinex started having trouble with their banks last year, they used to have active fiat (USD) markets and small tether on the side. but when the problems began they turned everything into Tether and since they are the creator of Tether too and want to convince the world 1 USDT = 1 USD without implicitly saying it they never changed things in their platform.

[vlom]

this is just an USDT premium - see bitfinex.
https://twitter.com/Bitfinexed/status/1051747042018639873/photo/1
 And it might be that USDT now gets what it deserve. it will crash and disappear.

[stompix]

as far as I know, users can't withdraw USD (United States Dollar) on Bitfinex, maybe it's USDT but Bitfinex itself believes that 1 USDT will always be worth 1 USD (United States Dollar)   https://support.bitfinex.com/hc/en-us/articles/213919369-What-are-Tethers-

i believe it is because of the old design that they never changed. before Bitfinex started having trouble with their banks last year, they used to have active fiat (USD) markets and small tether on the side. but when the problems began they turned everything into Tether and since they are the creator of Tether too and want to convince the world 1 USDT = 1 USD without implicitly saying it they never changed things in their platform.

I've stopped dealing with bitfinex a long time ago so I didn't know that but it's pretty strange....

If they are showing the price as in USD and actually dealing with USDT, is that even legal?
I'm genuinely amazed by this, they have been operating like this for years and they are still not shut down?
It's clear as day that this is deceiving customers, the same thing that the bshit alliance was doing while misleading customers into buying bshit instead of BTC.

[funchiestz]

All I know is that Tether will one day be crippled to the crypto world market. Somehow it doesn't seem safe.

[Wind_FURY]

This pump as some people are claiming to be is due to a FUD associated with Tether. I dont know how far this is correct or legitimate. The USD price like others have said, is still the same. There may be after-shocks of some panic buyers who get FOMOed, and they buy with USD and thus pump the price but thats secondary.

But waking up to a green market is always a good thing and I have no complaints regarding it as long as panic selling does not happen. Meanwhile keep an eye on the altcoins that people are holding because they are going to dump soon in my opinion.

But there's a risk that Bitfinex will not allow reclamations or withdrawals anymore, maybe temporarily until Bitfinex has another bank, but the risk is always there.

Holding USDT? Buy Bitcoin.