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Worries Grow That the Price of Bitcoin Is Being Propped Up by askquestion

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· @askquestion ·
Worries Grow That the Price of Bitcoin Is Being Propped Up
Hello Guys !! How are you all ? 

Hope so everyone fine know market is good last 5,6 days and there a lot of good news published about 
crypto . hope so 2018 is the good for crypto and steemit lover's . 

Just read an interesting article about Tether and how the government is freaking out because there might not be anything backing the coin.

I would guarantee you that 99% of those investing in crypto's have no idea of the complexity embedded in this technology. And this complexity could be masking price manipulation.

 Here is a perfect example of one of those potential exposures. My only piece of advice would be that if you cannot afford to lose every single dollar of your investment, you should not be investing in crypto's.

![](https://steemitimages.com/DQmZhgWDyMWo5s4nWUZzDBQ6GCcyhRi4prBJdwopkba2wmX/image.png)

Bitfinex, which is believed to host more trading than any other Bitcoin exchange in the world, had gained a reputation for a lack of transparency and a confusing structure, with European executives, offices in Asia and registration in the Caribbean.

In effect, Bitfinex has been accused of creating tether out of thin air, without corresponding US dollar deposits, in order to pump up the price of bitcoin. While Bitfinex insists all new β€œUSDT” are backed by real dollar deposits, new tether issuances have coincided with dips in the price of bitcoin.


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![DQmeAKKRJdn2Dm6qkU4zGCo62Dgbog5TQ2d6NZix71eKtKL.gif](https://steemitimages.com/DQmeAKKRJdn2Dm6qkU4zGCo62Dgbog5TQ2d6NZix71eKtKL/DQmeAKKRJdn2Dm6qkU4zGCo62Dgbog5TQ2d6NZix71eKtKL.gif)

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<h2>Thank you ! @askquestion</h2>

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@azimarliona ·
![image](https://img.esteem.ws/8gsyy62z4g.jpg)
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@bram17 ·
https://steemit.com/flowers/@bram17/corpse-flower
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@chasad75 ·
Just upvoted you and now follow you because I love the way you present information about <b>"Bitcoin".</b>
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@askquestion ·
$14.67
Thank you @chasad75
πŸ‘  
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@cryptoexperiment ·
I always read that bitfinex or tether (don't know the exact connection) dont backing tether. But from where do you get this Information. Do you have some resources?
greetings
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@jos3manuel ·
Excelente informaciΓ³n amigo,  y diste en el clavo, muchas personas no tenemos idea de la complejidad de todos los eventos internos de la blockchain
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@juliealexander ·
I like your work dear
You and analyst @salahuddin2004 are two top analysts of cryptoworld.
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@oliveralexander ·
Nice post!Please checkout my page!πŸ‘
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@askquestion ·
$13.93
sure :)
πŸ‘  
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@bram17 ·
https://steemit.com/busy/@bram17/sunflower-seed-in-indonesia-sunflower-seeds-is-one-snack-replacement-snacks-especially-among-children-in-this-case-is-certainly
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@rutamaksimovaite ·
Agree with you that if you can't afford to lose what you invested, you shouldn't  invest at all. By the way, great post. Thanks for sharing
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@askquestion ·
$14.01
welcome bro .
πŸ‘  
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vote details (1)
@steemcleaners ·
$1.54
Hello,
We have found that all or part of the above post may have been copied from: https://www.nytimes.com/2018/01/31/technology/bitfinex-bitcoin-price.html


Not indicating that the content you post **including translations, spun, or re-written articles** are not your original work could be seen as [plagiarism.](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/)

Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).

If you are actually the original author, please do reply to let us know!

Thank You.

More Info: <a href="https://steemit.com/steemcleaners/@steemcleaners/abuse-guide-2017-update">Abuse Guide - 2017</a>.
πŸ‘  
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