Topic: Could Tether Bring Down Bitcoin? - page 6. (Read 824 times)
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
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.
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.
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.
Tether has never undergone a full audit which I think makes people sceptic. Hopefully they are backed by USD as I think they provide a helpful middle ground between crypto and fiat, but there is still a lot of other factors that make me wary of them.
bitcoin doesn't rely on Tether so no!
90% of bitcoin volume is coming from fiat exchanges with actual fiat currencies such as US dollar, Canadian dollar, Japanese Yen, Euro, CNY, ... and a small percentage of it is from Tether which is mostly people who are moving coins between exchanges to do arbitrage trading.
on the other hand 90% of the altcoin/fiat volume and about 40% of their total volume comes from Tether. so if anything the altcoins should take a huge hit.
of course the FUD of a shady coin like Tether going down is going to harm bitcoin even though bitcoin has nothing to do with it.
90% of bitcoin volume is coming from fiat exchanges with actual fiat currencies such as US dollar, Canadian dollar, Japanese Yen, Euro, CNY, ... and a small percentage of it is from Tether which is mostly people who are moving coins between exchanges to do arbitrage trading.
on the other hand 90% of the altcoin/fiat volume and about 40% of their total volume comes from Tether. so if anything the altcoins should take a huge hit.
of course the FUD of a shady coin like Tether going down is going to harm bitcoin even though bitcoin has nothing to do with it.
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.
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.
"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
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