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Because the price is driven by bitfinex printing tethers and pretty much nothing else.
by empath75 9y ago
Because the price is driven by bitfinex printing tethers and pretty much nothing else.
- orthecreedence 9y agoI don't know why you're being downvoted. There is more and more evidence of this coming out. Bitcoiners' response is to censor. They should be selling instead.
- peoplewindow 9y agoYep. Whenever the price falls more Tethers appear and the price goes back up again. The Bitcoin price hasn't reflected fundamentals for years. The fact that the Bitcoin Conference stopped accepting bitcoins because the system is so broken, yet it had no impact on price, should be a hint.