Notice how that thing “moons” in November, and then again later?
Now: guess when XLM volumes to Coinbase started...
Now this is a tidy transport mechanism!
15/
Post by twetch#7124
Okay, I'll explain: let's say you're moving capital out of but you'd also like double your money.
- Put into XLM
- Jam XLM price higher
- Convert to Dalla Bills
16/
What the chain says
- Block
- 668 980
- Time
- 2021-01-07T18:13:14Z
- Signer
- 19CZX2Au1CCbFug3HjjtevywLSRXCm1AZf
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#7124
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
19CZX2Au1CCbFug3HjjtevywLSRXCm1AZf VerifiedReplies (8)
I mean that's pretty incredible - Np wonder I've been consigned to the world of staying poor, I'd never see that angle.
Well… except for right now when I just did.
But other than that, I really "don't understand crypto."
17/
Oh hey, while we're on the topic let's also verify that the capital extraction process makes XLM more valuable on certain exchanges like Coinbase.
Well, look at that: an extraction spike.
18/
But wait! Rice crispy treat for dessert too!
On some exchanges, you can see a direct USDT/USD pair. Let's look at one here, against BTC price:
19/
…and we can observe that Tether is more valuable when BTC is low, and less valuable when it moons.
Why? Impossible to really know for sure, but selling a crap ton of Tether to juice your extraction carrier vehicles would be one plausible explanation.
20/
interesting.
I been looking at xlm like a hawk lately
What do u think is conclusion of all this?