If Tether team was really making money out of thin air and pumping Bitcoin in 2017 and this gets proven at some point it will lead into a one big sell off. If this is what you mean by bringing down bitcoin it is possible.
Even if the above happens it won't destroy bitcoin so if by bring down you mean kill the coin it's impossible.
Topic: Could Tether Bring Down Bitcoin? - page 4. (Read 825 times)
Nice lines you've got here but hell no, USDT can never bring down the pace setter, it's an illusion to me. BTC remains king, that's why it's got the most of the market cap, nobody can do anything about it. Stablecoins are cool, I'm talking from the trader point of view here.
This can't happen, apart from crypto traders who uses Tether during trade who other uses it? Bitcoin is not dependent on any coin so tether don't have or will ever have what it takes to bring down Bitcoin.
News isn't true all the time, some news says after Tether release BTC price will pump. That's right people want to stay safe exchange to USDT.
What do you mean by tether release?Tether has always been available , even in as much quantity as we would want it to be.
What should be of main concern here is that, since it is a stable coin, it can be used at any time to pump the price of btc, by using it extravagantly to buy btc at a very high rate, which is intentional.
Meaning tether cannot bring down Bitcoin but rather help in its price increase by making an artificial demand of BTC using Tether. As far as we know Bitcoin is not dependent to USD what more to tether. So wether Bitcoin will go down or go up does not entirely depends on Tether.
News isn't true all the time, some news says after Tether release BTC price will pump. That's right people want to stay safe exchange to USDT.
What do you mean by tether release?Tether has always been available , even in as much quantity as we would want it to be.
What should be of main concern here is that, since it is a stable coin, it can be used at any time to pump the price of btc, by using it extravagantly to buy btc at a very high rate, which is intentional.
"Fiat-backed stablecoins are therefore rarely actual cryptocurrencies, which causes them to inherit their main characteristics and shortcomings from the centralised banking system. Ultimately, they function in the same manner as fiat, backed by what amounts to an IOU."
"There is a theory that stablecoins such as Tether have been used both to stabilise and manipulate Bitcoin’s price, especially during the 2017 Bitcoin bull run."
"What is important to remember, is that any asset may appear stable until it suddenly isn’t."
Really interesting read by crypto CEO = https://medium.com/@DDhopn/stablecoins-3b93b4f1ddc5
"There is a theory that stablecoins such as Tether have been used both to stabilise and manipulate Bitcoin’s price, especially during the 2017 Bitcoin bull run."
"What is important to remember, is that any asset may appear stable until it suddenly isn’t."
Really interesting read by crypto CEO = https://medium.com/@DDhopn/stablecoins-3b93b4f1ddc5
What really made to create this statment. How will Teher bring down Bitcoin being a stable coin. To dive deeper into it, Every altcoin including Tether the stable coin's growth depends upon Bitcoin's growth. Lot many reasons behind it. Tether is a good stable coin to use as a crypto asset when the crypto values go down.
I think is possible that Theter can affect bitcoin price, but will not bring bitcoin price down even if a lot of Theter or created and launched on market and then buy bitcoin with and after sell bitcoin for USD, this indeed can be a problem.
Tether at any instance will not make any big change in the market. As it is a stable coin the growth won't get any impact on bitcoin from my view.. The tether got collapsed in a large scale when a huge volume of tether got hacked. Further after recovery of certain percentage it retained its value.
I think is possible that Theter can affect bitcoin price, but will not bring bitcoin price down even if a lot of Theter or created and launched on market and then buy bitcoin with and after sell bitcoin for USD, this indeed can be a problem.
Tether cannot bring down Bitcoin not even Ethereum that is currently ranking second next to Bitcoin on the coin market cap. Tether can do pretty well out there in the market than it's presently doing but not to bring down Bitcoin.
I see this in a very different waysnd I think all these stablecoins that can be use to hedge crypto against volatility is beneficial to the industry and through them many will be more eager to makes use of cryptocurrency. Even time is coming that mosy platforms that target mass adoption will have to have stablecoin in their platform for hedging.
News isn't true all the time, some news says after Tether release BTC price will pump. That's right people want to stay safe exchange to USDT.
Tether is being actively used to manipulate bitcoin price, that's true. It's one of the instruments used by whales to do their dirty deeds 
Now, when there are many stable coins presented on the market, there even more opportunities for manipulation I think.
Now, when there are many stable coins presented on the market, there even more opportunities for manipulation I think.
I seriously doubt any coin/token can bring down btc dominance at the moment. Btc has gained so much reputation, solidity and use that, it will take a whole lot to distabilize its relevance and dominance. Other coins/tokens can only consolidate on its strength and leverage on its power to gain good growth.
Tether itself is the sketchiest operation in all of crypto (yes, it's even worse than ripple).
The entire operation from start to now has been completely opposite to the spirit of blockchain.
A centralized, "stable", coin backed by fiat itself is exactly what crypto was supposed to pull down.
Also, there is not much transparency with only an audit from unreputable companies.
And then there is its rise in the charts.
this is where the most suspicious things have been going on.
Every, tether is backed by one USD?
Then how do you care to explain that tether systematically jumps in 100s of millions in circulation.
what that means is that every other month or so, tether has 100s of millions of usd ready to back up their tether.
Wow, that would make tether even more successful than Apple!
Yeah, there is definitely something fishy about all of this.
And it's best to just stay far away from questionable companies.
The entire operation from start to now has been completely opposite to the spirit of blockchain.
A centralized, "stable", coin backed by fiat itself is exactly what crypto was supposed to pull down.
Also, there is not much transparency with only an audit from unreputable companies.
And then there is its rise in the charts.
this is where the most suspicious things have been going on.
Every, tether is backed by one USD?
Then how do you care to explain that tether systematically jumps in 100s of millions in circulation.
what that means is that every other month or so, tether has 100s of millions of usd ready to back up their tether.
Wow, that would make tether even more successful than Apple!
Yeah, there is definitely something fishy about all of this.
And it's best to just stay far away from questionable companies.
Could it? Sure why not, not like forever or not to a point where bitcoin is dying no, but could it bring it down a bit? Sure that is totally possible.
I think tether is already hurting bitcoin more than it shows and because of the option of having tether people are moving much more carefully now, they didn't do that back in the day but now they are being more careful with their money, back when tether was absent people either had coins or they had money, nothing in between, no stable token which meant they were either in or out which helped us become more fierce with our investments and go all in instead of playing it safe. That is why I think people should be focusing more towards what tether took away from us already instead of worrying about what it could potentially do.
I think tether is already hurting bitcoin more than it shows and because of the option of having tether people are moving much more carefully now, they didn't do that back in the day but now they are being more careful with their money, back when tether was absent people either had coins or they had money, nothing in between, no stable token which meant they were either in or out which helped us become more fierce with our investments and go all in instead of playing it safe. That is why I think people should be focusing more towards what tether took away from us already instead of worrying about what it could potentially do.
"Fiat-backed stablecoins are therefore rarely actual cryptocurrencies, which causes them to inherit their main characteristics and shortcomings from the centralised banking system. Ultimately, they function in the same manner as fiat, backed by what amounts to an IOU."
"There is a theory that stablecoins such as Tether have been used both to stabilise and manipulate Bitcoin’s price, especially during the 2017 Bitcoin bull run."
"What is important to remember, is that any asset may appear stable until it suddenly isn’t."
Really interesting read by crypto CEO = https://medium.com/@DDhopn/stablecoins-3b93b4f1ddc5
"There is a theory that stablecoins such as Tether have been used both to stabilise and manipulate Bitcoin’s price, especially during the 2017 Bitcoin bull run."
"What is important to remember, is that any asset may appear stable until it suddenly isn’t."
Really interesting read by crypto CEO = https://medium.com/@DDhopn/stablecoins-3b93b4f1ddc5
The fact that Tether is being used today, and that's the reason it exists only because of Bitcoin. It's impossible for Tether to go beyond Bitcoin.
If cryptocurrencies wouldn't be exist, then why we need Tether?
I believe Tether owes its existence to Bitcoin and the volatility of the cryptocurrency space. In my opinion, tether would be worthless if there's no cryptocurrency to hedge as fiat is easier to transact
I can't see how Tether will bring Bitcoin down, Bitcoin is in multiples of Tether market cap and also remember we now have many Stablecoins in real competition with Tether, again most of these exchanges are now having Fiat gateway to their platform. The space has matured more, don't see a $2 billion Mcap bringing down the whole space
as we've learned from bitcoin the only thing that makes the price go up is enough people believing in a system to make it work. I think believe far more in bitcoin than they ever will with tether
"There is a theory that stablecoins such as Tether have been used both to stabilise and manipulate Bitcoin’s price, especially during the 2017 Bitcoin bull run."
"What is important to remember, is that any asset may appear stable until it suddenly isn’t."
It is true that a large amount of Tether were created during that bull run without any transparency and still i am not sure they are fully transparent with their financial dealings, may be they are auditing everything and have equal asset in a bank in dollars, if they are not true to that they would have being exposed by now, it is not a small market to manipulate with fake valuation for a long time and even in the worst case scenario it will not bring down bitcoin altogether, we might see a correction but i do not think it will have a lasting effect on the market. "What is important to remember, is that any asset may appear stable until it suddenly isn’t."
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