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I think that a discussion of bitcoin's price today is incomplete if it doesn't talk about market manipulation, Bitfinex and Tethers.
by ufo 9y ago
I think that a discussion of bitcoin's price today is incomplete if it doesn't talk about market manipulation, Bitfinex and Tethers.
- eximius 9y agoI simultaneously hate them and am mildly impressed they have managed to print over a billion dollars.
- cstejerean 9y agoIt’s over 2 billion now, and growing.
- lawlessone 9y agowhy are people accepting them?
- Nursie 9y agoThey've printed 850 million in the last three weeks alone. If they get away with it then... wow. But yeah, it looks like blatant manipulation - the price of bitcoin approaches $10K, quick, let's print another 100 million!
- eggie 9y agoThis is the elephant in the room. It definitely seems that something is up when $100M in tokens flow into exchanges and the price immediately jumps. I am trying to find moderate-resolution market data to evaluate the effect that Tether issuances have had on prices. Does anyone know of a public data source that's higher resolution than 24h?
- ufo 9y agoI think https://twitter.com/Bitfinexed https://twitter.com/Bitfinexed might have this data. You could try asking them.
- jdcarter 9y agoRelevant recent discussion: https://news.ycombinator.com/item?id=16152050 https://news.ycombinator.com/item?id=16152050 Also bitfinex'ed writes extensively on manipulation: https://medium.com/@bitfinexed/ https://medium.com/@bitfinexed/