Bear market? Will NEVER HAPPEN because of tether printing. - page 2.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Yucco on July 03, 2018, 10:25:12 AM

Quote from: BillyBobZorton on June 26, 2018, 06:30:59 AM

Tether will sooner or later implode if these dollars aren't backed by real dollars.

Tether claims that their tokens are backed at 1:1 rates by real US dollars tho.... so there shouldn't be a problem when that money is printed because it's not really printed, it's just USD, and then you must go complain to the FED about printed USD too if you don't like that.

https://tether.to/announcement-transparency-update/

Official statement.

This is the usual manipulation. Nobody checked this. They do not allow auditors to their documents. Most likely this will be fraud. It is not known how long they will be able to avoid auditing.

I believe they allowed a law firm to do a one day audit to prove they had the funds to back that one days activity or some such thing. I doubt they will ever be able to allow their past moves to be viewed as thats a fast track to a deep dark cell. It's interesting to see the only US resident leaving, its a little too late for that I'd say. Lol

Yucco

member

Activity: 378

Merit: 10

Quote from: BillyBobZorton on June 26, 2018, 06:30:59 AM

Tether will sooner or later implode if these dollars aren't backed by real dollars.

Tether claims that their tokens are backed at 1:1 rates by real US dollars tho.... so there shouldn't be a problem when that money is printed because it's not really printed, it's just USD, and then you must go complain to the FED about printed USD too if you don't like that.

https://tether.to/announcement-transparency-update/

Official statement.

This is the usual manipulation. Nobody checked this. They do not allow auditors to their documents. Most likely this will be fraud. It is not known how long they will be able to avoid auditing.

andohyeb

member

Activity: 287

Merit: 10

There isn't any gurantee to say that bear market will end due to one or two reasons. The market can go up or down anytime and not even stock or currency market can say it won't experience a bear market.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

6 months is an eternity in this space, it cannot be compared to traditional markets. Sometimes the premises I see in these arguments make my head hurt when they don't even get pointed out as being incorrect.

discobean

member

Activity: 105

Merit: 11

If tether explodes btc will only go up as people exit from tether (if they get the chance)

Sowik

sr. member

Activity: 532

Merit: 327

Well I don;t know about you but the market we are in currently seems pretty bearish to me. I don''t know what you call half a year down movement from ATH.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

@gentlemand. The injection of liquidity was caused by the increase on the demand in USDT when bitcoin was collapsing, not for the intention of pumping bitcoin. Bitfinex needed to or the $1 = 1 USDT peg could not be maintained.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: Tyr808 on June 28, 2018, 11:42:44 PM

Quote from: puremage111 on June 28, 2018, 11:11:13 PM

Tether printing will always be there

Exactly, and this why there's gonna be a continuous compounding bullish pressure.

You've to tell us why apart from 'injecting liquidity' which has happened when the price was collapsing too.

By far the biggest threat to Tether is regulators going after them. That's looking borderline inevitable as the regulatory sphincter tightens. And no exchange will resist the order to delist it.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: Tyr808 on June 28, 2018, 10:59:53 PM

I disagree. You focus on BS factors such as market sentiment.
I focus on the one and only unsindacable fundamental factor: liquidity.

Liquidity does not stop a bear market. It only makes it easier for everyone to sell their cryptocoins in a fairer price than if the market was illiquid. Try looking at Aeon's liquidity and compare to something like Ethereum. Ethereum is very liquid, Aeon is not but both of them will never escape the bear market.

budakjawa

member

Activity: 471

Merit: 10

just calm the bitcoin can again experience bear market when there is good news that could trigger the increase of bitcoin price because for now bitcoin price is very difficult to ride if there is no good news available.

Tyr808

sr. member

Activity: 606

Merit: 278

06/19/11 17:51 Bought BTC 259684.77 for 0.0101

Quote from: puremage111 on June 28, 2018, 11:11:13 PM

Tether printing will always be there

Exactly, and this why there's gonna be a continuous compounding bullish pressure.

puremage111

hero member

Activity: 1568

Merit: 511

Tether printing will always be there, regardless bulls/bear imo
However the market goes on a bear mode is expected due to the huge rally in the past within a short period of time frame

The bearish movement is kinda slow compare to the past year bullish rally

Tyr808

sr. member

Activity: 606

Merit: 278

06/19/11 17:51 Bought BTC 259684.77 for 0.0101

I disagree. You focus on BS factors such as market sentiment.
I focus on the one and only unsindacable fundamental factor: liquidity.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: Tyr808 on June 27, 2018, 11:23:22 PM

Quote from: bbc.reporter on June 27, 2018, 08:05:40 PM

Quote from: Tyr808 on June 27, 2018, 01:10:43 AM

Quote from: bbc.reporter on June 26, 2018, 07:56:43 PM

Quote from: Tyr808 on June 25, 2018, 07:37:19 PM

Ok, prove me wrong.

You must understand that the demand in USDT is going up when the price of bitcoin is falling down. That makes the issuer need to issue more USDT to maintain the peg to $1 = 1 USDT.

In any case, USDT printing is not because someone is preparing to pump like what you presumed.

Not sure what you mean.. more or less demand, that's still liquidity which is eventually gonna be pumping up crypto prices.

Agreed. But it must also be understood why more Tether was issued. It was not for the intention of pumping bitcoin or Ethereum, but to maintain the $1 = 1 USDT peg.

Why you believe the reason behind the printing is important?
To me, the only relevant dynamic to state that there will be other bull runs, is knowing that new liquidity will be injected.

Knowing the reason behind it is important because the uninformed people in the cryptospace might see this as a sign to start hyping themselves into buying bitcoin. To prove that point, look at the price of bitcoin when the thread started and compare it to the price today. If they started buying because they thought it was good news, then they are losing money.

We might be entering a longterm bear market. Saying it will never happen is foolish.

boty

full member

Activity: 1190

Merit: 212

★Bitvest.io★ Play Plinko or Invest!

just calm it will happen that you need just be more patient because the patience you have it will produce very good result for you, do not easy to panic one day bitcoin price will go back up again.

Tyr808

sr. member

Activity: 606

Merit: 278

06/19/11 17:51 Bought BTC 259684.77 for 0.0101

Quote from: bbc.reporter on June 27, 2018, 08:05:40 PM

Quote from: Tyr808 on June 27, 2018, 01:10:43 AM

Quote from: bbc.reporter on June 26, 2018, 07:56:43 PM

Quote from: Tyr808 on June 25, 2018, 07:37:19 PM

Ok, prove me wrong.

You must understand that the demand in USDT is going up when the price of bitcoin is falling down. That makes the issuer need to issue more USDT to maintain the peg to $1 = 1 USDT.

In any case, USDT printing is not because someone is preparing to pump like what you presumed.

Not sure what you mean.. more or less demand, that's still liquidity which is eventually gonna be pumping up crypto prices.

Agreed. But it must also be understood why more Tether was issued. It was not for the intention of pumping bitcoin or Ethereum, but to maintain the $1 = 1 USDT peg.

Why you believe the reason behind the printing is important?
To me, the only relevant dynamic to state that there will be other bull runs, is knowing that new liquidity will be injected.

Tyr808

sr. member

Activity: 606

Merit: 278

06/19/11 17:51 Bought BTC 259684.77 for 0.0101

Quote from: fabiorem on June 27, 2018, 09:03:00 PM

Quote from: Tyr808 on June 27, 2018, 01:12:01 AM

Lol now tether is a conspiracy.

Now? It always was.

But the State printing fiat money (which is backed by nothing) and inflating the price of everything was never a conspiracy. Its pretty real, and nobody complains about it.

The state defends that right with violence and wars and might is right.

Anyway this thread isn't about politics or conspiracies, tether printing is very real and it is why there will be other bull runs which will push the price higher than the last one.

fabiorem

sr. member

Activity: 1400

Merit: 347

Quote from: Tyr808 on June 27, 2018, 01:12:01 AM

Lol now tether is a conspiracy.

Now? It always was.

But the State printing fiat money (which is backed by nothing) and inflating the price of everything was never a conspiracy. Its pretty real, and nobody complains about it.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: Tyr808 on June 27, 2018, 01:10:43 AM

Quote from: bbc.reporter on June 26, 2018, 07:56:43 PM

Quote from: Tyr808 on June 25, 2018, 07:37:19 PM

Ok, prove me wrong.

You must understand that the demand in USDT is going up when the price of bitcoin is falling down. That makes the issuer need to issue more USDT to maintain the peg to $1 = 1 USDT.

In any case, USDT printing is not because someone is preparing to pump like what you presumed.

Not sure what you mean.. more or less demand, that's still liquidity which is eventually gonna be pumping up crypto prices.

Agreed. But it must also be understood why more Tether was issued. It was not for the intention of pumping bitcoin or Ethereum, but to maintain the $1 = 1 USDT peg.

magneto

hero member

Activity: 1666

Merit: 753

Aren't we already in a bear market, though? You're saying that 6 months is not enough time to consider this to be a bear market, but I think it is enough time. There is no prospect of seeing a recovery or a sudden shift in the market sentiment any time soon, I don't think.

If Tether is running fractional reserve (which is possible), then sooner or later it'll implode as BillyBobZorton said, and lose its value on the open market and implode.

I don't get why because of Tether, bitcoin can't have a bear market. By your logic, the crash from $20k to $6k should have never happened because Tether dollars were being printed all the time to keep prices high? Perhaps I just don't understand what your point is.

Topic: Bear market? Will NEVER HAPPEN because of tether printing. - page 2. (Read 818 times)