BitFinex Just Generated $210 millions USDT - Pump Incoming ?

in bitcoin •  6 years ago 

If you never heard of Bitfinex or USDT or how they create it.. better read my posts ;) I explained it many times.

Now we have a run of new USDT coming to the exchange. Its still being confirmed so give it some time - hence why i post fast.

https://www.omniexplorer.info/address/1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw

It seems that actually Bitfinex Account Opening is possible again - do it before they close the window. It was closed so long im surprised they opened again.

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6 years ago by

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    • [-]
      ·  6 years ago 

    why do they release new usdt? Can it be burned as well?

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    2 votes
    [-]
      ·  6 years ago 

    I could see a little Bitcoin pump incoming later today :-D!
    Why else would they print new Tethers?

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    2 votes
    [-]
      ·  6 years ago 

    i think so too

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      [-]
        ·  6 years ago 

      get on BFX as long as its open!

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        1 vote
        [-]
          ·  6 years ago 

        Do you have an idea on how big the pumps were the last times new USDT got issued at similar scale?

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          [-]
            ·  6 years ago (edited)

          Last time when new Tether was printed, no pump happened..
          Maybe it will be different this time.

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            [-]
              ·  6 years ago 

            Maybe they pumped another currency with it other than Bitcoin?

            [-]
              ·  6 years ago 

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              [-]
                ·  6 years ago 

              I don't know, there were no significant moves ...

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                  ·  6 years ago 

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                    ·  6 years ago 

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                      ·  6 years ago 

                    Of course, this is a very good asset

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                      [-]
                        ·  6 years ago 

                      Sure we all know Tether is the best asset in crypto. What's not to like about it.

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                        [-]
                          ·  6 years ago 

                        Only the fact that there is no guarantee that you can always change it to USD,and big probability of crash.
                        Shityest asset out there.I would never hold one dollar in usdt.

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                        [-]
                          ·  6 years ago 

                        Not so fast, you can also use this money to short... just saying

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                          [-]
                            ·  6 years ago 

                          bitfinex is pump and dump using tether/bitcoin to play on market and bitcoin price by using tether

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                            [-]
                              ·  6 years ago 

                            $210000000 isn't going to cause a pump. maybe when they have accumulated $1 billion or more we can expect a small pump. Or maybe this will be a pump on some altcoin on bitfinex.

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                                ·  6 years ago 

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                                [-]
                                  ·  6 years ago 

                                Yes! Great news.

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