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If you haven’t been reading the stories about Bitfinex and the allegations of BTC price manipulation I don’t know what to tell you. Maybe everything is on the up-and-up. But if Tether explodes it may became glaringly obvious how they are connected. [This article]1 is a pretty good overview of the situation today.
If those guys are printing coins for free, and then using them as if they are worth $1 each to buy BTC then that’s a lot of demand pushing price up. If tether collapse and that demand goes away (and also a lot of BTC moves to cover losses) that could be a near apocalyptic event for BTC.
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Author: /u/BeowulfShaeffer
1: blog.c-h*u*d.*i/*nd**.p**/what*-wr*ng-*ith-the-k*y*stabl*co***tether/
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