Bitcoin and Tether? - page 3. | Bitcointalksearch.org

Haunebu

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Quote from: ExFrozze on April 27, 2019, 11:32:34 PM

USDT will still remain stable, because it has been claimed with the name stable coins, in my opinion the price of USDT down does not affect the price of BITCOIN, because bitcoin is a reference of all digital currencies

What the heck are you talking about? Did you not observe the manner in which BTC value fell recently below $5k and recovered thanks to Bitfinex and Tether controversy? The altcoin market does affect Bitcoin to an extent and the reverse is also true.

History has proven that which is why you need to do your research.

okala

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I don't believe there is a 100% stable coin even the faint money which are centralized drop in value from time to time on the exchange, so tether as a stable coin is called still remains a currency and cryptocurrency for that matter can drop below the stable price because of the place of volatility in the crypto market and I don't think tether drop in price have direct impact on the price of bitcoin because their are two different coins.

funchiestz

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Quote from: Lizzylove1 on April 27, 2019, 10:34:50 PM

Tether could drop to $0.5, it's not guarantee. We have other stable coins in market, traders can always trade with other stable coins. As for the bitcoin, nothing will happen to bitcoin when the price of tether falls below the stable line. There was a stable coin that fell heavily, the team had to change strategy.

What you're saying isn't that easy. You're talking as if you could fall in a day.
Yes, Tether's always a suspicious thing. But we must admit that the biggest stable coin, which still impacts on the market, is Tether. In this case, the value is hard to drop too far. Yes it may fall but not so easy.

TravelMug

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Quote from: alexey14 on April 27, 2019, 04:33:23 PM

Do you Tether is stable forever? I dont think so, What if Tether drop to 0.5$ or 0.1$? what will be happen to BTC price if Tether drop to 0.5$?
I think Tether bank account could be frozen by Central bank mafia.

Unless they pump Tether to keep at around $1, then it will be very stable. But they have been tag as having a shady practice in the last 2 years or so. Heck we don't know if they have a back-up of all coins or just doing fractional reserves.

I'm speculating that it won't affect the price of bitcoin though, if there is, just minor and we won't see any dumps (or pumps). Let Bitfinex and Tether handle their case against NY Attorney's general and see how it goes.

ExFrozze

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USDT will still remain stable, because it has been claimed with the name stable coins, in my opinion the price of USDT down does not affect the price of BITCOIN, because bitcoin is a reference of all digital currencies

Lizzylove1

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Tether could drop to $0.5, it's not guarantee. We have other stable coins in market, traders can always trade with other stable coins. As for the bitcoin, nothing will happen to bitcoin when the price of tether falls below the stable line. There was a stable coin that fell heavily, the team had to change strategy.

libert19

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Quote from: alexey14 on April 27, 2019, 04:33:23 PM

Do you Tether is stable forever? I dont think so, What if Tether drop to 0.5$ or 0.1$? what will be happen to BTC price if Tether drop to 0.5$?
I think Tether bank account could be frozen by Central bank mafia.

Tether has went below $1 before and possibly it could go lower in future, but price action might continue to make it $1 as people believe that its supposed to be $1.

Erickan

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The relationship between Bitcoin and Tether or Tether and Bitfinex is always a controversial topic. Tether is the largest stable coin on the market today, it was accused of being printed by Bitfinex to pump the price of bitcoins to $ 20k by the end of 2017. Recent figures also show that Tether is completely unsupported $ as people think, there is no accurate report that There will be 1 $ / 1USDT.

This leads to the fact that 2018 has a lot of new stable coins, they also give specific figures and very clear audit numbers to prove they will have $ support as they commit:

- USDC
- TUSD
- PAX
- DAI
- GUSD

So even if the USDT has dropped to $ 0.5 or collapsed it will not be too big a problem for bitcoin at the moment. Because there are many other stable coins that replace its duty in the market. And USDT is not a project I believe to hold and trade in the long term. It is very shady and non-transparent.

pooya87

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Tether has not been that stable so far either. there has been times when it got dumped, not a big amount but still a dump. but it has nothing to do with bitcoin price because bitcoin price is not set or even measured in Tether, it is instead set in USD markets and it has always been measured in USD. not to mention that if you check the volumes you can see that majority of the volume is coming from the bitcoin-fiat market not bitcoin-tether market.
Tether is mostly used for altcoin trading in altcoin exchanges mainly because people and exchanges didn't used to want to involve regulations of fiat.

joniboini

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Quote from: reallester on April 27, 2019, 08:38:56 PM

tether have alot of manipulate crypto, unpair when want to replace past payment when fiat at behind tether.

Any 'stable coin' that doesn't do have an external audit and transparent balance management would likely be another Tether. The key to solving that problem is either remove stable coin completely and open up fiat gateway, any stable coin company would need to go through an external audit or let's use something like DAI.

reallester

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Quote from: alexey14 on April 27, 2019, 04:33:23 PM

Do you Tether is stable forever? I dont think so, What if Tether drop to 0.5$ or 0.1$? what will be happen to BTC price if Tether drop to 0.5$?
I think Tether bank account could be frozen by Central bank mafia.

no problem.
btc have other trading then tether. eth, usd, ltc and other have good volume pair with btc.
tether have alot of manipulate crypto, unpair when want to replace past payment when fiat at behind tether.

olohifie

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Quote from: Genemind on April 27, 2019, 05:17:13 PM

I've seen the price flow of Tether but I can't say that its stability could remain the same for a long time. I still don't believe that Tether has a big impact in the price of Bitcoin.
As for me, no coin could manipulate the price of bitcoin
since it's known to be an independent coin.
Tether needs to undergo a lot of tests of time as what bitcoin did.

Loud it!
NO COIN CAN MANIPULATE THE PRICE OF BTC.
Tether should prove itself over time then we can trade with absolute reliability

Pumared

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Quote from: pushups44 on April 27, 2019, 05:27:19 PM

Quote from: alexey14 on April 27, 2019, 04:33:23 PM

Do you Tether is stable forever? I dont think so, What if Tether drop to 0.5$ or 0.1$? what will be happen to BTC price if Tether drop to 0.5$?
I think Tether bank account could be frozen by Central bank mafia.

Tether is an interesting case because it is continually in the news over sketchy behaviors, yet seems to always manage to claw its way back to parity with the U.S. dollar or even go above it. I believe speculators are also jumping in to it as an arbitrage opportunity. Given that the company behind it is possibly engaged in fractional reserve backing by the U.S. dollar and is untransparent, I think it's best for people to stay away from it.

There has always been arbitration there, apart from the immense impressions without the sure guarantee that they really exist. Then you have no confidence, flee from tether

pushups44

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Quote from: alexey14 on April 27, 2019, 04:33:23 PM

Do you Tether is stable forever? I dont think so, What if Tether drop to 0.5$ or 0.1$? what will be happen to BTC price if Tether drop to 0.5$?
I think Tether bank account could be frozen by Central bank mafia.

Tether is an interesting case because it is continually in the news over sketchy behaviors, yet seems to always manage to claw its way back to parity with the U.S. dollar or even go above it. I believe speculators are also jumping in to it as an arbitrage opportunity. Given that the company behind it is possibly engaged in fractional reserve backing by the U.S. dollar and is untransparent, I think it's best for people to stay away from it.

Genemind

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I've seen the price flow of Tether but I can't say that its stability could remain the same for a long time. I still don't believe that Tether has a big impact in the price of Bitcoin.
As for me, no coin could manipulate the price of bitcoin
since it's known to be an independent coin.
Tether needs to undergo a lot of tests of time as what bitcoin did.

jossiel

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There's a possibility that tether would go lower. I've seen a stable coin that dropped than the usual price where it should be stable so the possibility is there.

For example, nubits is a stable coin but it's now worth $0.07.

https://coinmarketcap.com/currencies/nubits/
https://nubits.com/

alexey14

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Do you Tether is stable forever? I dont think so, What if Tether drop to 0.5$ or 0.1$? what will be happen to BTC price if Tether drop to 0.5$?
I think Tether bank account could be frozen by Central bank mafia.

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