- Apr 3, 2016
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dude 1 billion is nothing? right now bitcoin is so illiquid that if someone buys 100 million usd via market order price would pump 10 %
and remember on 5th october when tether bought 1 billion worth of bitcoin, price broke that massive 52K ressistance like it was nothing.
bitcoin is nothing without sam trabucco, sam banksmanfried, tether, paolo cartel
bitcoin is nothing without sam trabucco, sam banksmanfried, tether, paolo cartel
- You know my opinion about tether so we don't argue here
dude 1 billion is nothing?
- What I mean is that there aren't that much BTC available for spot purchase even if they want to wash that billion.
The Bitcoin Market cap is currently sitting at 808b and price of 42k. The MC is not formed only from tether as tether MC is near 80b regardless if 70% are monopoly money.
And again.. if the Tether bubble burst we will have a bloody market.. but will be shortliving.
- Unless they are not selling for a different stable coin to wash that money they are just playing with their monopoly money. You know.. buying and selling with monopoly money result to ... monopoly money, in order to cash out fiat they need a source which will exchange that monopoly money for real fiat. The question is.. who will exchange 1 billion monopoly money for 1 billion fed fake money.
Centralized exchanges are NOT dealing with Tether for example.