So yea...
As has been pointed out before this market is being driven by tether printing. You can see (unfortunately I can’t insert on tradingview) https://coinmarketcap.com/currencies/tether/
A 200% increase in USDT over a period of December 2018 to today and a 200% in price of bitcoin in the same period of time. If you wanna ride the whales, just go to the chart on coin market cap. And when you see the tether market cap go up try to get into bitcoin before they do! The trend is 1:1. Tether is being used to pump a bitcoin bubble.
Aside from that I think this market is totally illegitimate, people behind USDT and exchanges that use it to buy and sell bitcoin should all go to jail. Problem is internet is worldwide and these exchanges are hiding in 3rd world countries away from any jurisdictions which can prosecute them for manipulation.
If any of you know where you can trade your USDT for real money let me know! Cuz all I know is that these billionaires may be able to do that, but the little guy can’t. If you trust the good will of these tether co. Hiding in 3rd world countries away from the cops to buy and sell bitcoin to you, good luck!
As has been pointed out before this market is being driven by tether printing. You can see (unfortunately I can’t insert on tradingview) https://coinmarketcap.com/currencies/tether/
A 200% increase in USDT over a period of December 2018 to today and a 200% in price of bitcoin in the same period of time. If you wanna ride the whales, just go to the chart on coin market cap. And when you see the tether market cap go up try to get into bitcoin before they do! The trend is 1:1. Tether is being used to pump a bitcoin bubble.
Aside from that I think this market is totally illegitimate, people behind USDT and exchanges that use it to buy and sell bitcoin should all go to jail. Problem is internet is worldwide and these exchanges are hiding in 3rd world countries away from any jurisdictions which can prosecute them for manipulation.
If any of you know where you can trade your USDT for real money let me know! Cuz all I know is that these billionaires may be able to do that, but the little guy can’t. If you trust the good will of these tether co. Hiding in 3rd world countries away from the cops to buy and sell bitcoin to you, good luck!
Comment:
OK so it's actually only 100% pump for tether but a 200% for Bitcoin. So that means the whales are making 100% profit. For every tether they print they were able to get average Joe to buy 1 dollar of bitcoin. 1.8 billion - 3.6 billion Tether increase (100%) 3400 - 9700 bitcoin increase (200%). GOOD LUCK JOE!