There will be ongoing "fuck you market" dumps from now until the end of time, roughly on the hour every hour, between 100 and 5000 coins (they're clever though, and split their dumps into multiple quick succession orders so as to make it not quite so obvious to anyone new to the market) and resulting in $1-10 in 1-5 minute losses in global bitcoin price.

It's not early adopters who "need fiat money" in a "hurry". They already have more fiat than they know what to do with and don't dump in a non-stop systematic fashion (they'd long ago have been out of coins) nevermind that they'd be able to get more fiat money if they sold 500 coins over the course of 2 hours than in 2 minutes. And it's not the big industrial miners, most of them have private off market contract buyers. Clearly it's the shorters market makers market manipulators market fuckers take your pick. These people have a deranged obsessive need (and financial motive) to desperately always and repeatedly try to force the price ever lower regardless of what the current price is. Crush the market with 1000 coins (most often borrowed coins) in 1 minute, wiping out everything from current price and down $3 or $4, re-buy at the price you just forced the market to go down by, or more, if you successfully cause a downward cascade from other parties, still have 1000 coins plus an extra couple thousand dollars, repeat perpetually until bitcoin dies.

*oh lookie one just happened as I was typing, about an hour after the last one, and an hour after the previous one, and ...

I'll not guess as to what happens with halving, but I sure hope you're right and yeah definitely agree with you. And it's suuuuper obvious. They aren't even bothering to attempt to disguise the price suppression and haven't for a while. Aside from the consistent practically predictable dumps, I can't be the only one who notices the dozens of identical orders clogging the sell side (14,14, 7, 7, 14,14, 7, 14 lately) which occasionally flip to the buy side to suck up coins once sell momentum has been achieved. Will they be happy if/when they extract 10 million $ out of the market via shorting and drive the price back to $1 a coin, to then have the ability to own half of the entire market? Will they ever have enough coin to cease this activity?

Yeah hahaha, sorry about that, accidental fud I guess, my bad. Happy to provide a laugh. I meant that sarcastically/ironically to insult the shorters (who seem utterly fucking hellbent on crashing price, in spite of the *majority of people* who seem to all want it to go up and expect significantly greater prices). Of course bitcoin cannot die, it's software, it can however be devalued by 200:1 and stagnate there perpetually until obscurity (worst case disaster scenario fundamental tech issue only, of course). I have a tinfoil cowboy hat somewhere out in the garage, so I wouldn't argue against the possibility of intentional suppression of the bitcoin price for geopolitical reasons, rather than for individual profit motive. I'd rather hope it's for profit reason and not political though, hedge fund managers/wealthy individuals are likely better for everyone to be the cause than governments/banks - the former will eventually or occasionally want upward movement, the latter would likely only want total failure.

after every gain, there's *always* a pull back *always* a "correction" doooon't worry it's natural and expected - cough cough read "don't worry and hold your coins while others dump fuck the market as you sit with your thumb up your ass losing money and we take all of the available profits (possible only as a result of the artificial pump) and btw we'll be using those profits to eventually re-buy much much lower from where we crushed the market down, for the 10,000th time".

($14 down from yesterday's high point)

why don't we have a puking smiley ?

hot diggity fucking daffodils this is pretty sweet !

sure am happy right now i've got both btc and ltc and i'm probably not supposed to toot other crypto horns here but what the hell , TOOT TOOT TOOT TOOT !!!

shit ! my horn is broken ! it won't stop honking !

*edit (a now smaller amount of ltc ... as it seems to be burning ...)

hahaha yeah sold some right as i was in the middle of typing that caught the mid 7s but just by the hair of my chin  

that knockoff alt ltc had to plummet eventually

caliiiiiforniaaaaaa here we cooooome !!!

houbi going absolutely vertical too !!!

$355 !!!

can't buy fast enough !!!

goodbye sub 300s !!!

aaaaand now violently dumping everywhere

awesome

     

now we see if the chinese exchanges hold 300 and drag the other lagging ones up to the low 300s as well ?

punchin it punchin it punchiiiiiiiin it uuuuuup goodbye sub 300 (regardless of the uncooperative stamp and generally lagging behind btce)

(careful with that folks ... don't wanna rip a hole in the universe)

fuck the bear market fuck the sonsobitches whos life purpose seems to be to slam the price lower to buy back at profit at everyone elses expense fuck em ! why do we *have to* go down when most everybody wants a higher price aside from the *maybe* couple hundred well funded bear manipulator leverage short dumpers ? deal is if we run past 300 and stay there, the shorter dumper manipulators are done screwing the market below that - they lose at that point, by varying degrees - be it a stable 300 or a run to 350 or 400 or giant pump to 500 and beyond - they've banked on being able to hold the price below 300 indefinitely - NOW is the time to price them out of the market and end the bullshit downward manipulation ! force the bears out ! keep the price above their loss level ! this is the only way forward !

solid moving up across all exchanges past 300 and no signs of stopping attempts at dragging it lower so far failed squirrel says

(there is no natural downward pressure - only a handful of well funded bear shorter dumper manipulators who will attempt to drive price lower - most people aka the other 1,000,000 or 2,000,000 or whatever bitcoin users are happy to see us finally back above 300 with a continuing upward trend and have no interest whatsoever in driving price lower)

as to what to expect?

your guess is as good as mine i expect itll be difficult going further up from here right away unless we breach 310-320 in the next couple days / this week - if that happens 300 is the new floor and even the most determined bears will have a hard time pushing it back below that - right now we're deciding if 300 is going to be the floor or going to still be a short term top *this is the 3rd time this year 300 has been breached and the previous 2 have failed to stabilize above it

if the bitcoin bull market lasts decades ...

(the world after bitcoin)

sooooo ... bitcoin is now the best most reliably increasing value totally secure investment on earth

just wow

stock markets, companies, currencies, countries - failing ... bitcoin ? thriving

this is fuckin bullshit

30 dollar loss in half an hour

jack the price back up 10 bucks in 15 minutes immediately after

fuck you very much

i'd just like *once* for whoever is the motherfucker responsible for this intentional bullshit to step forward and say "it was me" that's all yknow not an apology not an explanation just an acknowledgement so we can all thank them in unison ...

aaaand more abusive bullshit

coinbase goes down , price up $6 , back up , right back down immediately

it's almost as though all of the exchanges act in clandestine collusion to take turns screwing their customers as severely as possible

nothing but fuck you pumps and fuck you dumps bulltrap beartrap bulltrap beartrap why the hell can't we act like *every other* traded commodity and currency on the planet

is it really too much to ask that we have honest markets and manipulators not raping the market ? i guess that is a lot to ask

*tinfoil hat on*

bitcoin and crypto represents a distinct threat to the global nwo police state corporate fascism military industrial complex whatever you want to call it. i think many of us here understand this on some level. btc and other crypto is basically money that (we think?) did not come from governments/banks and they cannot easily control or contain. perhaps most fundamentally we the powerless are not supposed to be able to evade and escape from governments/banks or even dare think to do so. the best that can be done is to expend resources financial, technical, media, political, legal to attempt to hold it back long enough that it can either be consumed and controlled by the state/bank power structures or that it is defeated on a technical level or that it implodes upon itself in financial terms ie extreme loss of value and major loss of users and merchants. if btc reaches (it probably hasn't yet) a critical mass of growth in adoption it could upend and decimate other stores of wealth specifically government backed fiat currencies. i could see a hypothetical global cryptographic backed democratic direct government of some sort being adopted, in concert with the rise of cryptocurrency and decimation of existing fiat wealth, and governments may fall, perhaps to be replaced by some type of resource management system governed by the will of all citizens of earth. whether this would instigate global war and force all countries to adopt dictatorial regimes, lead to complete anarchy and breakdown of society, or herald a new era of human freedom and global peace is the question.

or it could just be intentional manipulation/interference with the btc system by tech savvy whales for solely greed based reasons.

I like a good roller coaster as much as the next guy but the market movements as of late more closely resemble one of these tower drop rides. This seemingly dogmatic trading method of perpetually forcing free fall down followed by forcing immediate vertical up is fuckin brutal and renders bitcoin almost useless as a stable store of value or currency, and mostly only functional and useful as a speculative financial tool with minimal secondary use as a criminal payment option and cheap but risky remittance alternative. I believe that the severe volatility is what is primarily responsible for discouraging wider adoption and significantly greater prices, and it's a bizarre sort of catch 22, volatility allows traders to extract $ (and/or increase total bitcoin holdings) but volatility prevents new user adoption and greater prices resulting from new money entering. I get that the traders don't give a shit about bitcoin whatsoever and just want to fuck the market for as much gains as they can, but damn, if you all only trade it in a fashion of creating as many and as severe of fuck you spikes up and down as possible, the ride stops being fun and just results in lots of puke with most people wanting off the ride and nobody standing in line.

ha ha ha ha ha ha someone fucked up bad and sold 10,000 coins all the way down to 150 on btce

if even half of that sell order was at/below 200 it's an equivalent loss to doing this like 5 times with no insurance



wonder if they'll just get fired or whacked ?

(or it's an individual that will retire never to look back, hopefully, for their sake)

totally awesome of bitfinex to refuse to file a $5000 NY bitlicense thus cutting off all people in the finance capital of fucking america and instigating +/-$300,000,000 in btc market devaluation

*sigh*

another day another couple hundred dollar bills on the bonfire ...

since the start of the year from above 300 plunged to sub 200 then punched back up above 300 slammed back into low 200 pushed back above 300 slammed back into the low 200 pushed back above 300 again and now punched briefly below and now sitting in the low 200s. so yeah ... if anyone hasn't figured it out yet 300--->200--->300--->200--->300--->200--->300--->200--->golly gee what happens next i wonder ? ... and use whatever reason or no reason at all to justify these movements which we all know is pure manipulation ... you think the bitcoin summit meeting / whales / manipulators / exchange operators miiiiiiight just maaaaybe have decided on a set trading range ? all's i know is low 200s or anything below = BUY and if/when we get back to the 300s it's SELL ... again and again and again. someday we'll reach the halving in ohhhhh 10 months or so and someday we'll get the gemini launch. that'll be nice for hopefully shifting from 200/300 range to 300/400 range. meanwhile this xt bullshit has what? 0.3% of the network bothering with it (probably nearly all outdated otherwise OFF old asics) and the other 99.7% is sticking with core ... so yeah ...

jesus fucking christ ... everywhere went under 200 ... we must be rid of all the retarded and scared people by now yes ? ... you all do realize we were at like 275 a week and a half ago and *nothing* has fundamentally changed since then ? ... this piss pants herd mentality is fucking sad ... thanks for the $200 coins

mmmmmm yummy $5 dip ... feed the sarlac ...

like shaking hands with madoff or getting a hot tip on enron stock ... but i kid of course ... if satoshi were actually whomping the exchanges we'd see a helluva lot more than $5 drop for a few minutes ... neat that it's someone who *apparently* was a lucky first-adopter or whatever instead of a commie airplane hanger operation ...

Burn The Witch !

Just thought I'd point out the current CNY USD rate , per today according to http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate).

Agreed - very very strange to have such a huge discrepancy , at almost a double digit % difference , and yet still each $ amount up or down on the huobi and okcoin rate seems to instigate an immediate same $ amount up or down difference elsewhere. Think I'll now bother to get around to go ahead and setup an account with either huobi or okcoin , figure out the most efficient means of changing CNY to USD and getting it back into BTC (btce? another forex exchange? suggestions on best way to change cny to usd?) , and slush as much arbitrage back and forth as my funds will allow for (and frankly I'm baffled as to why everyone isn't doing this already - surely such a discrepancy is far greater than exchange rate fees to convert CNY to USD and move it back into an exchange to buy more BTC at current USD rates per stamp finex coinbase btce). I would have expected the gap to be closed much faster with a loss on the chinese exchanges and gain on the western exchanges by now , resulting in a "true" rate of something like $340 from where we are now after ~$10 down ~$10 up respectively.

Nope , not an error with the conversion rate. That gap is real. It's totally fucked up and weird , but it's real. Don't trust me , just check the current CNY USD rate anywhere on the web , then do some basic math , and you can see for yourself it is totally spot on with what bitcoinwisdom is showing. My guess is , traders on finex stamp coinbase etc at this point collectively do not trust the huobi okcoin btcchina etc rates to not be artificially inflated , and so they're actively buffering the price with a ~$20-30 gap at the moment. That , or traders are anticipating a severe devaluation of the CNY in the next couple days and are unwilling to risk any amount of time being in CNY instead of USD or EUR , therefore arbitrage is not happening at a high enough volume to bring the exchanges into line with one another. Still , it's totally nuts that arbitragers haven't brought the interexchange rates into sync by now.

Way to fuck up the markets by force dumping the western exchanges to $70 off from china. The gap was $15 before the vicious dumping forced the western exchanges down. And thanks for the $120 loss off the high point in the last half a day. A retracement into the mid 400's was expected but this is a fucking nightmare scenario seeing it where it is now after the last 2 months of solid gain and last couple days of fantastic gain. Fuck you whoever brutally and without pause for hours slammed the markets into oblivion today. You assholes didn't have to do that. China would have happily stayed above 500 and held the markets up if not for the insane shitstorm that was brought upon on stamp and finex. It's not lack of buying pressure when you intentionally crush the market with 1000s of coins in a minute every ten minutes for hours on end. WTF      

i fucking hate all of you so soooo much

thank god i sold 3/4 of my btc from 450-350 and locked in some paltry profits but still

fuck this garbage bullshit god damn it this thing is just a total fucking joke

and if i ever met someone who shorts bitcoin in real life there would be violence

constant stress depression and non-stop trading for over a year and i get to make a couple grand for my efforts

i'd have been better off working part time at mcdonalds

what a fucking waste this whole damned shitshow is nothing but an ass to mouth to ass to mouth human centipede of shit

yeah it's fucking hilarious

bitcoin has taught me brand new levels of hatred for rich people and money in general i never thought were possible

despite technically coming out in the black

fuck it im moving to oregon living in a cabin growing legal weed and checking the fuck out hippy style

yeah dude i hear you for sure and you and me and the other handful of people in the black are the *lucky ones*

(or deranged / skilled ? / spend all the time on the computer enough to pay constant attention and adequately guess when to buy/sell to not get totally fucked like im sure 9/10 people are who ever touch bitcoin)

duh + i never said anything about being entertained , that's just yet another regurgitated platitude spouted when the motherfucker crashes for the 10000th time and pisses people off. and it's not worth it unless youre a millionaire already. life is too short for me to want to live like that.

*im sorry that was rude im an angry drunk

well ... another $20 loss per day and we're at 0 in 2 weeks ... it can only be slammed down so far for so long until the big dogs are just hurting themselves for no reason and doing irreparable harm to the price... ive gotta figure they don't want it below 300 this time ... a run from 300 something or 400 something to 800 900 1000 whatever at the halving is less distance and therefore easier and more believable than 150 200 ish to 800 900 1000 something ... just trying to think big picture and where they want it to be and when ...

You Can't Miss The Bear ...

More Money For Everyone ? Why Yes ! Yes Please ! (except for the leveraged shorter bear asshats rich fucks who want bitcoin to go down always ps fuck you guys)

Oh ... Poor Lambie ... So obviously in need of help ... But you won't find it here ... We all hate you ... And since this is where you spend most of your waking hours , this forum IS the best way to insult you and make you feel bad about your life ... btw how much are you paid to constantly bash bitcoin ? I'd bet all of us happy rich bitcoiners would consider taking up a collection of some sort to buy your thought-whore ass ...

Hate Fucking ?

wow people have finally figured out it's retarded and completely against self interest to loan your coins out to people who want to dump down the price ? hot damn !

well ... yes ... if you don't trade ever and only care about price X years from now instead of X minutes / hours / days from now and have a long term expectation of higher prices ... then definitely I agree ... personally i'd never lend my btc out to others who would wish to use those coins to suppress the price on any time scale ... to me btc is far more valuable to personally trade the 1-5% daily chop than to get a 0.05% daily interest ... of course that requires correct trades vs zero thought or participation whatsoever ... not that that's a bad thing ... sure would be less stress ... the world needs long term holders too

*sigh* a theft of 0.086 % of bitcoins out there (perhaps a year and a half ago) definitely a valid reason for a 10 % drop in price , while bitcoin comes out victorious by default vs several hundred now officially dead alt-coins ... ridiculous

very much agree with what you're saying - it's like they're trying to fix something that's not broken , insisting it is when it isn't , and going about it in the most dangerous way possible - these people are intentionally endangering bitcoin by proposing violent fork after violent fork and then screaming and howling when people don't want it - it's dangerous and shortsighted at best , purposefully destructive at worst - i for one don't care how long it takes , or if blocks do get full with some increased regularity , or what exact technical changes wind up being made to increase scaling capacity AS LONG AS those changes are made to core by the core devs. you want to change bitcoin ? join the core devs. you want to make something new ? launch a fuckin altcoin. but don't call it bitcoin , because it isn't and can't be by definition.

all day to gain $20 in value half an hour to lose it all back sonofabitch this is not what we're supposed to be doing today folks there was basically big good news with the consensus agreement thank god for stop orders but still that was retarded

dude that's what i want to fuckin know. it's like these people who control this shit have what thousands of coins ? but they're desperate to dump right now right now right now me first no me first no matter what on any and every gain. you'd think that people with thousands of coins would be pleased to see increasing value and not want to slam it back down relentlessly , but no. i guess nobody wants to (or has funds to) bother with supporting the market at any level and they'd rather just violently rock the thing up and down and extract fiat , because apparently people with thousands of coins don't give a shit about bitcoin or trust it they just want everyone's dollars and i guess some can make more trading than allowing the value to grow. you'd think that would not be the case for those at the very tippy top but those few with 6 figure btc i guess don't give a shit what the price is because they're all already farting through silk anyhow ?

oh i know i'm not stupid , i trade as well just not nearly at that level of course. i just think i wouldn't take the same actions (again and again and again and again) i'd probably either just sell and walk with majority of stash and just be happy with that and enjoy my life and have a small cold storage or just enough to trade with to still have a job if i wanted it , or if i had so much that i could wreck havoc on the market i'd feel some sense of responsibility to the well being of others to not sell 1000s of coins in a minute all at once for the sake of making my already rich ass slightly richer , but then i'm not rich and as i understand it that can make people do funny things so who knows maybe i'd be doing the exact same thing if i were in their shoes.

Yeah I dunno I've never really understood that kind of greed. It's like you can only drive 1 car at a time right so I don't want a red, orange, yellow, and black lambo (though it would be nice to have 1). Actually come to think of it life is pretty fine for me I do own my house and my bmw and usually sit on my ass all day trading bitcoin in my pajamas and listening to music or just do whatever I feel like with my time. Hmmm maybe I'm rich enough already to be happy and ought to just give up this bitcoin thing ? naaaahhhhh    

Oh yeah I don't think I'd ever own a lambo I was just using that as an example of an expensive unnecessary thing a greedy person might want. I'd rather have an old 50s chevy hotrod myself if I was going to get something impractical for a toy. Seems like one of those planes would cost an awful lot for basically a toy for an adrenaline rush and to some extent would be a status symbol necessitating some level of greed, maybe that's not the right word, lust for interest in or obsession with maybe would have been more correct? Honestly I didn't look real closely at it I assumed it was a private jet. I still think it's weird to see money as an end in itself. It's supposed to buy you things for utility use and fun. My skis cost like 300. Kayak like 500. All my hiking gear maybe a grand total. Chessboard was like 50 bucks. I guess I have cheap hobbies / interests. Didn't realize I was talking to lambie been kindof avoiding the forum you must be doing well it's been pleasant interacting with you never thought I'd see the day. Did I have a stroke what the F is going on here? heheh

it's intentional manufactured conflict fud plain and simple. and will only intensify in the short term until of course 1 month from now , when bitcoin core will implement the first of their scaling solutions - then the argument ends because scaling will be accomplished for the forseeable future / ongoing. xt classic all the bitching attacks is being done prior to halving because this is crunch time at 4 months out from halving - last chance to try and derail bitcoin from those who want failure or to usurp the development of it and last chance to make the market shit it's pants for cheap coins / short profits. everyone knows bitcoin works perfectly well - every transaction gets processed i mean shit for a nickel you can move $50,000 across earth in half an hour and even the free ones process i mean wtf it works. and in 1 month will work even better with segwit and that alone will give more than enough breathing room for additional capacity increases to be implemented - a "problem" which is actually a *good* thing for crying out loud people like bitcoin and are using it more and more. and it would be potentially suicidal to make some contentious hardfork to "bitcoin whateverthefuck" - miners know it and core knows it (which is why they'll ultimately scale how and when they want) and you all know it whether or not you say it.

been getting repeatedly spiked down and worked lower last 3 days now despite some seemingly heavy resistance ... basically it didn't breach $450 or 3000cny on the upswing from the looks of it and so down it goes ... now about $20 off from the $445 it hit 3 days ago ... pretty brutal and demoralizing but i assume that's the idea it always is ... we'll see if it goes up from 425 , 420 , or somewhere between there and 400 ...

oh i'm still in it and trading to some success overall ... have been actively selling and rebuying lower as has been the correct thing to do most lately so increasing btc though losing fiat value and proceeding with the mindset that i refuse to be shaken out prior to halving and scaling implemented... been trading this long enough (years) to know this price movement is normal / intentional ... i will say though wherever it goes up to before / during / after halving and scaling is where i intend to walk away or at least mostly just too much stress to reward ratio for how little coin i'm trading ... i'm growing to hate the sound of alarm bells waking me up mostly

so LTC + Segwit scaling = Triple the price

may we *please* now go ahead already and do BTC + Segwit scaling = Triple the price ?

does that make sense to everyone yet ?

Honestly I don't understand why we're not just absolutely plummeting here ... the only reason I can figure is finex isn't done fleecing everyone yet ... fuckin trading in china *all of china* is offline totally for all intents and purposes (which was supposedly where the bulk of the global trading demand was , proving it never was there in the first place , or at least isn't now , which should have resulted in a big drop but never did) , finex is screwed up in the opposite direction in a really scary way , causing a neverbeforeseenevenwithgox $300 differential in price , with other exchanges falling variously in between and all with major gaps respectively as well , I mean really at this point what is the correct real price ? anybody know ? i sure don't , i assume stamp is currently being considered "legitimate" but their price is inherently warped too with what the other exchanges are doing , meanwhile BU is at literally 48.6% support most currently and still absolutely a severe threat despite their bumbling of everything and motives , nothing's been approved in terms of any ETFs and won't be in all likelihood , there's been no substantive positive news benefiting BTC to base any sort of hype off of , and the market has gone up with no downside and no sideways stabilization from 900-almost 1300 in a matter of 1 month likely largely as a result of people fleeing finex / them using this opportunity to manipulate the market and screw their customers (again) , yeah no problem there we'll just go up on nothing but bad news 100 a week for the rest of the year I'm sure ... yeaaaaaahhh ... I mean comon right ? we all know what's happening next ... yeah it might very well go up some more (before it crashes) ... but yknow what ? i've seen shit like this happen before tooooo many times in bitcoin to think for even a moment it'll all turn out well from here pricewise in the short-medium term ... no thank you to chasing this ... they'll make something new up as a justification to crash it if they feel like they need to (but why even bother , pick a reason) ... they always do ... riiiight around these sorts of times ... probably whenever finex is done fucking the market and fleecing everyone to pay back their hack debt ... the timing will be impeccable I'm sure ... but will we hit 14 first ? on finex oh yeah they will maybe hit 15 too , they don't care to hide their actions now or how bad they look they'll take it to whatever # they need to to adequately fuck money out of the market , everyone else mmmmmmaybe 14 ... I've really never seen it THIS screwed up and with THIS high a price so anything is possible ...

So let's see ... Bitfinex steals 10's of thousands of btc from their customers less than a year ago ... oh I'm sorry "got hacked" ... as much as they could get away with and continue trying to appear to be operating legitimately , "losing" roughly 1/3 of all their customer's funds ...

Then ooops sorry everyone we don't have a bank to send dollars to the US anymore , so everyone US is forced to buy btc to withdraw ...

Meanwhile the same criminal people who run Finex also run Tether ... and they simultaneously issue *themselves* billions of dollars in fake money ... which they use to drag the market kicking and screaming UP (if anyone cares to remember , when bull run started that they initiated , they were several $100's above the other exchanges which did not want to go above $1000 in the first place ... but eventually they just got so out of whack with the rest of the market , the other exchanges finally followed) ... momentum manufactured and voila in a handful of months from the low 1000's to the 20k stupidity fraud value we just saw ...

And no , it doesn't matter if tether's a comparably small % of the total btc cap - that fake couple billion on Finex was more than enough money to force momentum in the btc market from $1000 up (especially if you Fing run an exchange ... and can see everything and trade against your fleeing "customers" ... and yknow use billions of $'s in fake money to prop up the price fraudulently and force stops the whole way with extreme volatility) ...

Sure looks a lot like a goxxed type thing to me , except goxxed *may* have been a combination of incompetence + greed , while finexxed appears much more intentionally criminal ... a matter of time before they're raided / shut down / and or just rob everyone left there and hop a flight to Bali ... stay tuned to find out which ...

The only question in my mind is just how severely the btc price will suffer when their fraud finally comes to an end , and when and how exactly that will take place ...

I'm guessing something along the lines of "hey folks , due to whatever bs reason we just made up / we just "got hacked" again , we're shutting down and everyone can withdraw their pennies on the dollar funds in tether only - goodluck with that as it collapses shortly thereafter , we'll keep the btc."