Here is the chart of bitcoin. Check yourself. Yesterday it was 8 000 and today around 7500[/b]
a one time 6-7% drop doesn't mean miners are panic selling just because you might have heard some rumor somewhere on the internet!
Now regarding Tether (In your opinion it is a shady altcoin) Dude.. Do you know what is Tether ? I guess no ! It is a stable token and the price is always equal to 1 USD. A lot of traders are using it for arbitrage trading and for many other reasons. It is ranked #4 on coinmarketcap.
Educate yourself a little bit, before posting something. [/b]
well you can deny it all you want, it is centralized, the company behind it has always made false claims without ever providing any kind of proof that their tokens are backed with real fiat. they have never been properly audited and they are always evasive about it with shady behaviour and they keep printing more of it without control!
are a lot of exchanges using it? yes
are a lot of traders using it? yes
does it have a gigantic volume? yes
has its price always been equal to $1? yes, there were times it has dumped lower.
does any of this reduce from its shadiness or risk? absolutely not.
I guess you just bought a big amount of bitcoins and now are dreaming that the price will go back to 20 000. You even created a topic about that.
https://bitcointalk.org/index.php?topic=5189172 Also you are intending that Tether is centralized and is a shady token. It is actually very hard for me to have a normal discussion with the people like you.
Once again. I said in my first post that some actions from Chinese government towards mining farms
are just the rumors and I do not have any official confirmation of that. Also I said that I saw some big sell orders and that is not a rumor, because I saw them myself.
I also said that I do not want to force some panic sales and my post was made only for informational purposes. That's why I am closing this topic.
Good luck to everyone.