Mlc Posted October 15, 2018 #1 Posted October 15, 2018 The price of bitcoin has experienced dramatic gains on a major cryptocurrency exchange, rising by more than $1,500 on Bitfinex in the space of just a few hours.The sudden surge from $6,294 to $7,788 represented a 24 per cent rise in value, though it was not reflected across other popular bitcoin exchanges. Such a large price rise is instead being attributed to the exchange's use of tether – a cryptocurrency whose creators claim is pegged to the price of the US dollar on a 1:1 ratio.On Bitfinex, traders are required to buy and sell cryptocurrencies like bitcoin and ethereum using tether, but over the weekend the so-called 'stablecoin' dropped in value to $0.97. This drop in the price of tether therefore resulted in the premium price of other cryptocurrencies on the Hong Kong-based platform. Bitcoin's price has since fallen back down to around $6,880 – still $200 above the price listed on the CoinMarketCap price index.
psychepl Posted October 15, 2018 #2 Posted October 15, 2018 Look for theter, this is prelude to big dump
Kate Posted October 15, 2018 #3 Posted October 15, 2018 Thats sad I was hyped that it rose officially Stupid exchanges
Etude Posted October 15, 2018 #4 Posted October 15, 2018 That is a very big price jump in a short time frame. From the looks of it, the price might steadily go up towards the end of the year 2018.
blueprints Posted October 15, 2018 #5 Posted October 15, 2018 Yeah that is still a big jump. Also with it being near the end of the year, it could just keep rising like it usually does.
psychepl Posted October 15, 2018 #6 Posted October 15, 2018 Theter is a problem with bullrun. This scam stops BTC from this
Kate Posted October 15, 2018 #7 Posted October 15, 2018 Well seems weird all exchanges have a price of 0.96 in cmc https://coinmarketcap.com/currencies/tether/#markets
blueprints Posted October 15, 2018 #8 Posted October 15, 2018 Well the price as of now is $6512 so i guess it dropped again. Nothing out of the ordinary for btc, it moves alot in price like that.
Jakubb Posted October 15, 2018 #9 Posted October 15, 2018 That's normal for bitcoin, it jumps, goes down, it jumps, goes down, goes down, huge jump, medium price. Etc... it's predictable by now..
irawk0 Posted October 15, 2018 #10 Posted October 15, 2018 I would've thought bitcoin, being the first and the biggest name in the crypto currency market, would actually be quite stable in rise/drops after so many years on the market. This news is indeed quite a shock to me. I wish (like everyone else) that I sold my meager amount of satoshis here when it was over 7k earliar 😛
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