Topic: Could Tether Bring Down Bitcoin? - page 5. (Read 811 times)
No. Bring down bitcoin means usdt have more market caps more than bitcoin. As of now bitcoin was the best and the most biggest marketcap based on coinmarketcap.
Am still trying to figure out the connection between Tether and Bitcoin. I do not see the reason it should bring down bitcoin in the first place. Bitcoin is already established. I don't think the price is controlled by any other coin, rather it has some level of effect on other coins.
[/quote]
https://www.bloomberg.com/news/articles/2018-06-13/professor-who-rang-vix-alarm-says-tether-used-to-boost-bitcoin
[/quote]
https://www.bloomberg.com/news/articles/2018-06-13/professor-who-rang-vix-alarm-says-tether-used-to-boost-bitcoin
The last time Tether crashed, it pushed Bitcoin's price up a lot, so no, it will not bring bitcoin down, perhaps it will push Bitcoin up like the last time.
Am still trying to figure out the connection between Tether and Bitcoin. I do not see the reason it should bring down bitcoin in the first place. Bitcoin is already established. I don't think the price is controlled by any other coin, rather it has some level of effect on other coins.
there has been a lot of FUD about relationship between bitcoin price and tether and all of them have been nonsense. but yet people continue talking about them because this market loves the drama 
as for "bringing down bitcoin", you can only wish but it will never happen. however we will surely see Tether eventually go down either by their company scamming people or by FBI shutting them down at some point and that will cause a lot of panic in the market with lots of dumps and bitcoin will be among them.
as for "bringing down bitcoin", you can only wish but it will never happen. however we will surely see Tether eventually go down either by their company scamming people or by FBI shutting them down at some point and that will cause a lot of panic in the market with lots of dumps and bitcoin will be among them.
Until now, I am doubting the USDT having real backing of USD.
And if people within their team start to feed their hunger for money, we know for sure, they are going down.
But bringing down bitcoin? Still a big question out there.
How many people know about the existence of tether as compared to bitcoin? Just to start I guess.
it definitely is not completely backed by USD as in not being 1:1 and their shadiness makes me believe this even more every day.
as for that last question it is a good one. people who start buying bitcoin don't know about Tether and majority of them will never even bother with it because there is no point in using it since all they want is to buy more bitcoin and use bitcoin not some pointless centralized altcoin that is shady as hell.
full member
Activity: 882
Merit: 102
PayAccept - Worldwide payments accepted in seconds
I can´t imagine what can happen because many people bought Bitcoin with USDT, if we now find out that it is not really backed by 1:1 it could be really disaster because people bought something with nothing and that will cause a problem that people will again be more afraid of using and buying crypto. 
No, Bitcoin is much more than its price anyway.
Besides fear not, alternatives to stablecoins like Tether are coming:
Besides fear not, alternatives to stablecoins like Tether are coming:
Quote
Nimiq is also partnering with Binance-owned Trust Wallet, according to a recent blog post. The aim is to eventually give users across DEXs access to liquid euros for transactions made with bitcoin, ether or NIM through Nimiq’s upcoming “crypto-to-fiat bridge” called OASIS.
https://www.coindesk.com/a-small-bank-in-germany-is-now-nearly-30-owned-by-crypto-companies
BTC has been paired with tether in a lot of exchanges and many traders use this to preserve their funds but it does not mean that tether is the reason why bitcoin is going down. It's a nature of cryptocurrency to go down and up it is volatile, stablecoins exist and many users use it to their advantage and there are some shady things about Tether.
No way that could happen, not in any universe. There is nothing special with tether, Bitcoin might have not anything very special too, but for now it is the highest marketcap. To bring down Bitcoin or at least take it's position as #1 crypto, it needs a very good project, and Tether is not a very good project, it has nothing special
Bitcoin is not correlate by anybody while most of the coin depend on bitcoin. I don't agree with the point that tether is use to manipulate the price of bitcoin.
"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
If money is not traded, there will be no difference. So, tether is just a stable money to keep the money stable. If you look at its volume, you will find it is not stored much."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
But what if it's not stable, no one knows if USDT is actually backed 1:1 in real USD as they refuse to undergo a complete audit, if they are running a fractional reserve system exactly like the banking system they are no longer stable in the long-term.
From definition, tether is a stable coin, which invariably means it has a fixed price. Therefore it could be a tool for controlling the price of btc. It is easier to pump and stabilize price using it, than to use it in causing a general dump.
Although, as uneasy as it could be, a continuous dump using it could come to reality with persistence.
Although, as uneasy as it could be, a continuous dump using it could come to reality with persistence.
it won't, because tether is a stable coin. difficult for stable coins, replace bitcoin. bitcoin is currently very strong even though ethereum is difficult to beat bitcoin.
"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
If money is not traded, there will be no difference. So, tether is just a stable money to keep the money stable. If you look at its volume, you will find it is not stored much. "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 last time Tether crashed, it pushed Bitcoin's price up a lot, so no, it will not bring bitcoin down, perhaps it will push Bitcoin up like the last time.
Last time Tether crashed? Crashed in terms of? As far as I know, Tether's value is pegged to USD, isn't it? The lowest Tether ever been is $0.96 which I don't consider to be called as crash as such differences happen due to trading adjustments. I think your understanding about how market works in not correct. Tether is not a speculative cryptocurrency. It is mostly used as base cryptocurrency for forming crypto pairs on exchanges since it is a good substitute to Fiat currencies. So people can directly trade in terms of Dollars without using USD at all.
I have different point of view i think all these stable and fiat backed coins have done tremendous work for bringing masses to crypto and this has lead to adoption as before all these fiat backed coins general people were confused about crypto and what is their true worth or how to invest but after the launch of especially usdt they can relate and weigh their investments in real world fiat money which has helped in compliance so i see tether as a very positive thing for crypto market.
He mentions exactly that in the article, says stablecoins are necessary for acceptance and adoption of cryptocurrencies, but hopefully over time people will be educated about the benefits of decentralised coins and then move money from centralised digital coins into decentralised cryptocurrencies (which will hopefully be stable by then).
I agree with you to an extent, but it's also unhealthy to have a top 10 coin with that higher volume that could be fraudulent.
nothing can bring down bitcoin and make it fall, I want to ask whether stablecoin luring long term investor? I think stablecoin will be used for daily trading. everyone sell bitcoin only for each country's currency to earn income from cryptocurrencies
They using this coins to take the benefits, stable coins can't bring down btc most of us here will continue to believe that it's still far better to have decentralized cryto than this kind of project where more bigger whales can play and ride the game. there has been a lot of FUD about relationship between bitcoin price and tether and all of them have been nonsense. but yet people continue talking about them because this market loves the drama
as for "bringing down bitcoin", you can only wish but it will never happen. however we will surely see Tether eventually go down either by their company scamming people or by FBI shutting them down at some point and that will cause a lot of panic in the market with lots of dumps and bitcoin will be among them.
as for "bringing down bitcoin", you can only wish but it will never happen. however we will surely see Tether eventually go down either by their company scamming people or by FBI shutting them down at some point and that will cause a lot of panic in the market with lots of dumps and bitcoin will be among them.
Until now, I am doubting the USDT having real backing of USD.
And if people within their team start to feed their hunger for money, we know for sure, they are going down.
But bringing down bitcoin? Still a big question out there.
How many people know about the existence of tether as compared to bitcoin? Just to start I guess.
nothing can bring down bitcoin and make it fall, I want to ask whether stablecoin luring long term investor? I think stablecoin will be used for daily trading. everyone sell bitcoin only for each country's currency to earn income from cryptocurrencies
Bitcoin will be the king of coins no one can beat him including Tether, Tether is still in position 8 I think it's far to drop bitcoin.
I have heard that theter actually has equivalent of dolars to tether in bank account so I think it is somehow stable. The connection between Tether and BTC price is most likely real.
Have you seen the latest news from tether if tether company doesn't have a lot of money to cover all of USDT that already issued by the company itself and this has already published at the same time with the migration of tether to the tron news. 
nothing can bring down bitcoin and make it fall, I want to ask whether stablecoin luring long term investor? I think stablecoin will be used for daily trading. everyone sell bitcoin only for each country's currency to earn income from cryptocurrencies
Yes, I agree with you. I don't think that tether could bring down bitcoin. If traders want to see their coins is not getting down too deep, they should think of using tether to save their money because the price is not going down too deep. I see that is the function of tether, to protect the funds in the stable coins if we are too scared with the volatility. Jump to: