Topic: IF USDT would collapse what do you think will happen to the BTC price? - page 2. (Read 1487 times)
January 03, 2021, 03:58:48 PM
The collapse of USDT will set the space back for at least two years, the money that is being used to pump BTC comes mainly from USDT and when the source of the fund is gone the house will collapse, I just hope Tether team settles their issue with SEC this year because USDT has done more good than bad for the space
January 03, 2021, 10:20:45 AM
One concern that I have for USDT is if the SEC would classify this stablecoin as a security. I know that they are possibly working on that case, but let’s just hope that SEC would not target USDT next. I know that XRP has gone down the wire because of their pending lawsuit from the US SEC, but USDT’s collapse would be total chaos for Bitcoin, Ethereum and other cryptocurrencies.
Yes thats the problem if SEC is also looking to file a case against USDT then many coins will be affected not only BTC since USDT is also have their own market pair all of them will all be affected in price . maybe 20-30% dump will happen to many crypto currency if SEC sued it the same with XRP.
But bitfinex already answered why USDT will not be targeted of SEC and its explain here https://cointelegraph.com/news/relax-tether-won-t-be-targeted-by-sec-says-bitfinex-cto/amp .
January 03, 2021, 09:01:07 AM
One concern that I have for USDT is if the SEC would classify this stablecoin as a security. I know that they are possibly working on that case, but let’s just hope that SEC would not target USDT next. I know that XRP has gone down the wire because of their pending lawsuit from the US SEC, but USDT’s collapse would be total chaos for Bitcoin, Ethereum and other cryptocurrencies.
I don't think that USDT can be defined as a security. It is the digital equivalent of US Dollar, or it is what the Tether foundation claims it is. XRP was always in a difficult position, because they had a 100% premine and more than half of all the tokens were being held by the Ripple Foundation. In short, XRP was like low hanging fruit and made an easy target for the SEC. I don't think that any of the other cryptocurrencies (including USDT) are in immediate danger.
January 03, 2021, 08:32:48 AM
One concern that I have for USDT is if the SEC would classify this stablecoin as a security. I know that they are possibly working on that case, but let’s just hope that SEC would not target USDT next. I know that XRP has gone down the wire because of their pending lawsuit from the US SEC, but USDT’s collapse would be total chaos for Bitcoin, Ethereum and other cryptocurrencies.
January 02, 2021, 12:45:02 PM
If we look at the very high USDT market cap, even according to data on the CMC site USDT is stablecoins that have a volume that exceeds
Bitcoin volume. This proves that many people make transactions with USDT, so if USDT collapses it will at least affect the Bitcoin price.
I predict there is a possibility that the Bitcoin price will dump, but it will recover quickly. Maybe the decline in the price of Bitcoin is just a panic
that occurs in the market, but investors will soon start looking for a substitute for USDT and as we know there are several other options for
stablecoins besides USDT.
Bitcoin volume. This proves that many people make transactions with USDT, so if USDT collapses it will at least affect the Bitcoin price.
I predict there is a possibility that the Bitcoin price will dump, but it will recover quickly. Maybe the decline in the price of Bitcoin is just a panic
that occurs in the market, but investors will soon start looking for a substitute for USDT and as we know there are several other options for
stablecoins besides USDT.
Trade volume for USDT will always be high, because it was specifically designed for trading.
January 02, 2021, 12:11:25 AM
If we look at the very high USDT market cap, even according to data on the CMC site USDT is stablecoins that have a volume that exceeds
Bitcoin volume. This proves that many people make transactions with USDT, so if USDT collapses it will at least affect the Bitcoin price.
I predict there is a possibility that the Bitcoin price will dump, but it will recover quickly. Maybe the decline in the price of Bitcoin is just a panic
that occurs in the market, but investors will soon start looking for a substitute for USDT and as we know there are several other options for
stablecoins besides USDT.
Bitcoin volume. This proves that many people make transactions with USDT, so if USDT collapses it will at least affect the Bitcoin price.
I predict there is a possibility that the Bitcoin price will dump, but it will recover quickly. Maybe the decline in the price of Bitcoin is just a panic
that occurs in the market, but investors will soon start looking for a substitute for USDT and as we know there are several other options for
stablecoins besides USDT.
Trade volume for USDT will always be high, because it was specifically designed for trading. Nowadays most of the cryptocurrency trading is done through stablecoins such as USDT and USDC, as the users don't want to get involved in fiat due to regulatory reasons. But that doesn't mean much in the market. If USDT is available, then the users are obviously going to return to fiat, or use equivalents such as USDC or BUSD.
January 01, 2021, 05:32:39 PM
If we look at the very high USDT market cap, even according to data on the CMC site USDT is stablecoins that have a volume that exceeds
Bitcoin volume. This proves that many people make transactions with USDT, so if USDT collapses it will at least affect the Bitcoin price.
I predict there is a possibility that the Bitcoin price will dump, but it will recover quickly. Maybe the decline in the price of Bitcoin is just a panic
that occurs in the market, but investors will soon start looking for a substitute for USDT and as we know there are several other options for
stablecoins besides USDT.
Bitcoin volume. This proves that many people make transactions with USDT, so if USDT collapses it will at least affect the Bitcoin price.
I predict there is a possibility that the Bitcoin price will dump, but it will recover quickly. Maybe the decline in the price of Bitcoin is just a panic
that occurs in the market, but investors will soon start looking for a substitute for USDT and as we know there are several other options for
stablecoins besides USDT.
January 01, 2021, 02:57:54 PM
Fed are connected with USDT.
After printing also the USDT cloud based server sustem gets signal from fed to print .
Palo alto there middle server for usdt if
Bi the going in so if the protocol tells if no xero the btc will go up only if no burner
After printing also the USDT cloud based server sustem gets signal from fed to print .
Palo alto there middle server for usdt if
Bi the going in so if the protocol tells if no xero the btc will go up only if no burner
December 29, 2020, 07:26:20 PM
Goverment never let usdt to collapse !!
But the government will be forcing the stable coin issuers to be compliant with all of regulation. I have heard that US congress already proposed the regulation to force all of stable coin issuers to get the banking license. The government will trigger the stable coin issuer and that might give impact to the stable coin too. it's not true if the government was supporting the stable coin.
December 29, 2020, 09:42:15 AM
USDT carries a huge marketcap, if something bad happens it will affect the whole crypto space big time but I'm sure bitcoin will be the first to recover, we can't deny the fact that Bitcoin is well adopted than others and some are even waiting for a golden opportunity to buy bitcoin for cheap price
Yeah, crypto world should stop considering all the bad things that could happen and should focus on what awesome things could happen. We are already doing great right now, which means we do not have any reason to fear what could potentially hurt us, why would we need to focus on that?The difference between 2017 peak and today's is obvious, back in those days when price went up, we didn't consider how much it can fall, which is why it went low when people least expected it, today we are all ready for a big fall and that is exactly why we end up with these good results, because people are aware that bitcoin price could fall and they act accordingly. Plus we now have huge corporations with us, they didn't buy bitcoins with USDT neither, so why are you worried that bitcoin price will crash if USDT collapses? Most of the bitcoins bought are not bought with USDT at all.
December 28, 2020, 04:05:32 AM
If USDT collapsed it will bring new opportunities to those that want to buy bitcoin at a cheaper rate and that will make bitcoin recovers, whatever comes bitcoin will recover because of adopters, many will be waiting for some opportunity to buy 
Have seen this USDT collapse speculation throughout the year but no one has explain what they expect or mean with USDT collapse. USDT is still the most used currency around the world, among countries even in Europe. Highly used in Cryptocurrency, Gold exchange, Reward and purchase in sport (especially sport), trade of crude oil even in money laundering. As long as these continues the type of collapse for other currency cant happen to USDT 
December 28, 2020, 03:38:11 AM
hard to say something about the condition of BTC so that until now it is under the volatility which is due to unexplained reasons and then it is destined to actually happen in the present or in the future, I think eventually the USDT will be collapse if the
management will be sloppy to its design,aside from that by now they also depend on their growth which is any time through a short mistake they can be put in jeopardy
December 28, 2020, 01:47:15 AM
If the USDT happens to collapse the cryptocurrency market will be affected in a lot of ways.
Explaining this will be a long story, although I wouldn’t be that really good in explaining it. But the whole cryptocurrency market is relying on USDT and we all know very well the amount of money that goes into USDT everyday, and we know that USDT is no longer hundred percent backed by the USD as they used to claim at first, and this time around it can be backed by anything at all, it can be Bitcoin any asset and even air and pumped by them anytime they want, and if it happens to collapse it’s going to affect the cryptocurrency market, including Bitcoin. Though it’s not going to be a situation that the market won’t be able to get out from, but it will take time.
I am not going to lie, even though USDT looks like it has a huge market cap, and they have a lot of money, in reality I think it is not really looking like they are that big, they just look big but do you really believe that tether has over 20 billion dollars of USDT sold on the market and some people paid real money for it? I really do not believe that at all, there is no way people would have given them 20+ billion dollars. This is why I think it is obvious that they are just making themselves look bigger than they really are in order to get more hype around the crypto world.Explaining this will be a long story, although I wouldn’t be that really good in explaining it. But the whole cryptocurrency market is relying on USDT and we all know very well the amount of money that goes into USDT everyday, and we know that USDT is no longer hundred percent backed by the USD as they used to claim at first, and this time around it can be backed by anything at all, it can be Bitcoin any asset and even air and pumped by them anytime they want, and if it happens to collapse it’s going to affect the cryptocurrency market, including Bitcoin. Though it’s not going to be a situation that the market won’t be able to get out from, but it will take time.
I have seen so many people realize that USDT is not cool, I finally realize that people are actually not that deep into USDT hole and if it crashes that will change bitcoin price but probably not as much as we all think considering they are probably not as big as they say they are.
December 27, 2020, 01:09:52 PM
Simply i rather own USDT.
If usdt goes down ill go to usa goverment door officials and ask where the f is my money homie !
If usdt goes down ill go to usa goverment door officials and ask where the f is my money homie !
Yes, I'm sure they'll get right on that after they've referred you to the IRS for a nice little chat. They've got a fantastic track record with this sort of thing.
Well i tell to IRS homie where is the money bro...real talk where is money ?
Money can not just fly away .... when i put money in coinbase they got my cash i deal with them .... how cam someone who got money tell you i dont have
No way homies thsts not a way we do here
December 27, 2020, 12:45:55 PM
Simply i rather own USDT.
If usdt goes down ill go to usa goverment door officials and ask where the f is my money homie !
If usdt goes down ill go to usa goverment door officials and ask where the f is my money homie !
Yes, I'm sure they'll get right on that after they've referred you to the IRS for a nice little chat. They've got a fantastic track record with this sort of thing.
December 27, 2020, 12:36:13 PM
If USDT collapsed it will bring new opportunities to those that want to buy bitcoin at a cheaper rate and that will make bitcoin recovers, whatever comes bitcoin will recover because of adopters, many will be waiting for some opportunity to buy
I want to be guided in cryptocurrency since my last mistake, I really hope I don't make silly mistakes like in the past and I don't wish other to do the same but if Usdt should collapse today, it will bring lots of people and not just that alone including organizations and companies that are holding Usdt because most of this minted Usdt aren't all use in the market.
My fear is when this kind of incident happen, it will affect crypto in general, all the coins and token on the market will have blood on their time line before another quick recovery like this covid-19 we all experience this year.
Owning bitcoin is much safer on the long run, because if USDT dies BTC will certainly survive.
How can I be so sure? Just look at what happened in the past.
Simply i rather own USDT.
If usdt goes down ill go to usa goverment door officials and ask where the f is my money homie !
With bitcoin ? Who to ask
Ill be right and knocking door and asking yo men where is the money bro real talk
December 27, 2020, 08:49:15 AM
Simply do not own any USDT. Nobody can guide you here as we are sailing the most remote crypto market areas: we have never been here before but remembering history I can clearly see that if something happens to Tether, the whole market will be affected.
Owning bitcoin is much safer on the long run, because if USDT dies BTC will certainly survive.
How can I be so sure? Just look at what happened in the past.
Owning bitcoin is much safer on the long run, because if USDT dies BTC will certainly survive.
How can I be so sure? Just look at what happened in the past.
There are millions of cryptocurrency users out there, who think that Bitcoin is a bit overpriced right now. They believe that a major correction can take place sometime soon, and the exchange rates can go down by a large amount. These are the people who still own USDT, and we can't really blame them. But then, USDT is just a token issued by the Bitfinex exchange, and it is not as secure as Bitcoin. Cryptocurrency exchanges get hacked and go down all the time, and Bitfinex is not 100% immune from such incidents.
December 27, 2020, 06:10:01 AM
If USDT collapsed it will bring new opportunities to those that want to buy bitcoin at a cheaper rate and that will make bitcoin recovers, whatever comes bitcoin will recover because of adopters, many will be waiting for some opportunity to buy
I want to be guided in cryptocurrency since my last mistake, I really hope I don't make silly mistakes like in the past and I don't wish other to do the same but if Usdt should collapse today, it will bring lots of people and not just that alone including organizations and companies that are holding Usdt because most of this minted Usdt aren't all use in the market.
My fear is when this kind of incident happen, it will affect crypto in general, all the coins and token on the market will have blood on their time line before another quick recovery like this covid-19 we all experience this year.
Owning bitcoin is much safer on the long run, because if USDT dies BTC will certainly survive.
How can I be so sure? Just look at what happened in the past.
December 26, 2020, 07:21:17 PM
If USDT collapsed it will bring new opportunities to those that want to buy bitcoin at a cheaper rate and that will make bitcoin recovers, whatever comes bitcoin will recover because of adopters, many will be waiting for some opportunity to buy
I want to be guided in cryptocurrency since my last mistake, I really hope I don't make silly mistakes like in the past and I don't wish other to do the same but if Usdt should collapse today, it will bring lots of people and not just that alone including organizations and companies that are holding Usdt because most of this minted Usdt aren't all use in the market.
My fear is when this kind of incident happen, it will affect crypto in general, all the coins and token on the market will have blood on their time line before another quick recovery like this covid-19 we all experience this year.
December 26, 2020, 03:46:41 PM
I discussed something similar to this with my friends few days ago. Then, we were arguing on which of the country in the world that their economy determine or plays a major rule in deciding the cryptocurrencies price. And I could still remember an amateur that's just learning said China. I looked at him and ask what was his reason for picking China. He told me that they has one of the largest economy in the world with the way their economy is growing faster. But we later conclude that if any country will determine the BTC price, that will be USA. USD plays a major role. And it's a major big player in determining the BTC price.
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