After MtGox crash ended another wave of BTC rising. With the advent of tether (USDT), bitfinex became the new flagship of the crypto market. Bitfinex became like the FED in crypto. They printed exactly as many USDTs as they wanted not provided with absolutely nothing. Thanks to complete lack of control tether has become the main engine of price movement to 20k in 2017.
2 years passed the price for bitcoin fell 3 times and the number of tether increased by 6 fucking times. Dozens, maybe hundreds of thousands have left the crypto market forever since the beginning of 2018 and the tether volume has grown by almost an order of magnitude. What is this mean? This indicates a huge deception on which the whole market is now holding. And no - these are not instuitionals.
This growth wave was STARTED thanks to tether, this growth wave will be ENDED just as well thanks to tether. The most important question is who holds the biggest amount of tether? Who is the next MtGOX? Are all these marginal shoulders, futures, options, CMC purchases made just for fun?
P.S. Do not forget that those who prints tether do not use widely USDT pairs in their bidding.
2 years passed the price for bitcoin fell 3 times and the number of tether increased by 6 fucking times. Dozens, maybe hundreds of thousands have left the crypto market forever since the beginning of 2018 and the tether volume has grown by almost an order of magnitude. What is this mean? This indicates a huge deception on which the whole market is now holding. And no - these are not instuitionals.
This growth wave was STARTED thanks to tether, this growth wave will be ENDED just as well thanks to tether. The most important question is who holds the biggest amount of tether? Who is the next MtGOX? Are all these marginal shoulders, futures, options, CMC purchases made just for fun?
P.S. Do not forget that those who prints tether do not use widely USDT pairs in their bidding.