Cue the tether pump to 20k?

Gold's value comes from the combination of several important uses (#1 by far is jewelry) plus it's scarcity. All the gold ever mined would only fill two olympic swimming pools.

That seems like a lot if you consider that all of the bitcoin ever mined wouldn't fill a thimble!

we moonin kids

thank you based Tether

Yeah I'm sure tether is the explanation for why so many people are signing up for coinbase and bittrex etc and buying cryptocurrency...

Someone link me to why people think tether is propping up bitcoin.

https://twitter.com/Bitfinexed?ref_s...Ctwgr%5Eauthor

https://seekingalpha.com/article/413...bitcoin-tether

https://medium.com/@bitfinexed

Bitfinex, the exchange with no banking, has majority stake in tether and issued 180M tokens in the last 24 hours. Despite there being <30M in futures contracts on legitimate exchanges, and the fact they're an unregulated exchange with very limited access to banking and no redemption of tethers to USD, 180M+ of new tethers/dollars just poured into BF in 24 hours at the exact same point as last time---where the market seems to have stagnated/downturned. Within a couple hours, bitcoin goes to a new ATH.

Good to see you're on the case DODN! You are a true hero!

Would 180M move btc up 1k?

Better than being a mindless ideologue!

im just trowlin fwiw. btc marketcap is nearly 300bil, you'd need to be a brainlet to think 1bil in tethers could have that much of an impact on price

Is everything down? Bittrex coinbase and cryptocompare and coinmarketcap won't load for me for the last 30 minutes.

TETHER BLESS

1/ not guaranteed all 180m did the same
2/ spread between bfx and gdax disappeared
3/ some arbed gdax reasonable conslusion
4/ some institutional firm bought spot on finex reasonable conclusion

Your source is a deranged lunatic who sold all his coins 10x ago, screaming bubble. But let's forget about that for now.

Why would someone buy tether with fiat other than to buy btc/other cryptos? If you can't come up with a reason, wouldn't you expect that new issuance of tethers leads to price rallies for BTC, even in the absence of fraud?

Wealthy, disciplined investors often "buy the dip". The fact that new tethers show up when the price is slumping is exactly what you should expect; money that has been waiting on the sidelines gets on the field.

Bitfinex hasn't even been leading the price surges lately. GDax started trading significantly ahead of it. FFS GDax was ahead of Bithumb for some time

Now, please tell me, even IF bitfinex/tether were committing fraud, how relevant is $1B in tether to a $521B market? Clearly more relevant than $1B, but come on...

If there is any actual evidence please enlighten me. PS: I'm not saying it's impossible, just saying I've yet to see evidence that isn't purely speculation.

Just to play devils advocate, if 75% of coins are lost/cold storage, then 1 billion in tethers is a pretty big deal as far as propping up the market.

I think the tethers thing is interesting, but its more than likely legitimate.

There are so many problems with your post I don't even know where to start, but I'm simply not gonna argue with a true believer as it's a waste of time. People who are actually interested can look into the non-evidence if they choose.

Gave you a sincere reply you almost certainly didn't deserve. But okay.

If you want to post conspiracy theories without evidence please at least understand what you are posting rather than representing them as truth.

It wasn't sincere, it was bait. And it's chock full of logical inconsistencies (not surprising for a true believer). If you don't like my posts then you can put me on ignore if you choose. I posted that info for everyone in the thread, and they can look at the non-evidence if they want. I'm not interested in debating an immovable object.

EDIT: The real question is why would an exchange use a digital token to deal in USD in the first place? There are many possible reasons, but most of them are illegal.

Please point out at least two logical inconsistencies

Please point out where I've represented that I'm a "true believer".

Nothing I said is debating. I'm just pointing out the absence of evidence in what you posted and that there is a totally non-nefarious explanation for what has happened, as well as specific evidence AGAINST what you are insinuating.

To answer your edit: because a tokenized dollar is useful?

Starting to understand why aggo gets so mad in these threads.

Bitcoin fees are getting pretty big lately. It is up in the 20ish dollar range. Does anyone know what will happen in the future to get rid of this problem? Is lightning network really the answer?

Here is a graph of the average Bitcoin fees for the last 6 months.
https://bitinfocharts.com/comparison...onfees.html#6m

Why are fees becoming so expensive?

Stop converting fees to usd

Fees will eventually go to 100$/txn

It will be glorious