@Bitfinexed makes some solid points sometimes that really makes you agree with him but then he'll go on a massive anti-crypto rant that makes absolutely no sense because it's just blind hatred and bitterness
That radical mindset renders any valid argument he makes, null and void
Bitfinex & Tether make up over 80% of the entire market, and the Tether fraud drew everybody else into the market, thinking everything was organic. Just like when MtGOX started printing fake money to inflate prices, everyone thought Bitcoin was new paradigm.
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And when MtGOX went bankrupt it was making up around 70% of all transactions. Price tanked but market recovered, albeit with both organic and inorganic growth. Of that 80%, how much do you think isn't real? The demand is there it just needs a new more reliable USD pegged coin
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It recovered because Bitfinex reinflated everything
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Unless you are Bitfinex, there is no way to tell what amount of Tether is being used by real money to buy BTC and what amount is Bitfinex itself just buying up the whole time.
End of conversation
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