A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says - page 2.

Khaos77

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Quote from: Bitcoin Guy on February 19, 2021, 12:08:08 PM

Just saw this article "A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says."

https://www.coindesk.com/a-sudden-loss-of-faith-in-tether-would-pose-risk-to-bitcoin-jpmorgan-says

I don't think so, but what do you think?

(Maybe I am naive, but is there any direct connections between Tether and Bitcoin?)

Tether is being used as a fractional reserve scam to prop up the price of bitcoin.
If tether collapses, then all of the fake money propping up bitcoin also collapses, causing a price drop to $400 or below.
(Price before Tether started manipulating the bitcoin price.)
At this price the miners will all go bankrupt, and the btc network will freeze.

Poker Player

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And a sudden loss of faith in Bitcoin would pose risk to Bitcoin.

I don't deny that there could be some influence on the price, but there has been talk of Tether FUD for some time now and I don't see it clearly. As the fellow forum member says:

Quote from: fiulpro on February 19, 2021, 01:02:03 PM

I do think that : It is for sure possible but 90% of the people trust Bitcoins for Bitcoins

fiulpro

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I do believe that it's more of a personal question, there are people who would sell their Bitcoins even after maybe 10% dump and there are people who would keep it even if the government of their country decided to ban it.

Bitcoins is not dependent on anyone or anything but the mentality of people are therefore there will always be people who would loose trust or might even sell their coins , but at the end of the day they would only make the price of Bitcoins good enough for the other people who are waiting on the sidelines to buy. We have surpassed 50k also I am stunned honestly ! These kinds of news are trying to make the situation more negative since there seems no stop for the positive position here. We have a lot of options, a lot of ATH , loosing trust in one would not make the whole crypto economy shake.

I do think that : It is for sure possible but 90% of the people trust Bitcoins for Bitcoins

Bitcoin Guy

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Just saw this article "A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says."

https://www.coindesk.com/a-sudden-loss-of-faith-in-tether-would-pose-risk-to-bitcoin-jpmorgan-says

I don't think so, but what do you think?

(Maybe I am naive, but is there any direct connections between Tether and Bitcoin?)

Topic: A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says - page 2. (Read 231 times)