For there to be the kind of influence, USDT has to have to same or more popularity as BTC. As it stands for my view, fewer people know USDT. It is natural that the researchers concluded that there is no influence.
How is it that fewer people know Tether while most of BTC|XBT/USDT traders always move their funds to USDT to avoid losing capital when the market is plummeting, especially that USDT is stable to mirror USD 1:1. Also, almost all top exchanges had BTC/USDT pair only for trading before moving to the implementation of USD market (even after that, BTC/USDT has more volume than BTC/USD on those exchanges, take Bittrex for example). Unless we are talking about average Joes/Jills here, I don't think Tether is any less known than Bitcoin among crypto members.
Topic: Tether Has No Real Impact on Bitcoin price - page 2. (Read 419 times)
I agree that they ate totally unrelated.
It's probably a coincidence that the price of bitcoins rises when the supply of tether increases.
There are many valid factors that affects cryptocurrencies value, tether is not one of them.
It's probably a coincidence that the price of bitcoins rises when the supply of tether increases.
There are many valid factors that affects cryptocurrencies value, tether is not one of them.
I don't like Tether and other stable coins. I think there's no real benefits to the world of crypto money.
I'm not sure, but I think they might benefit overall liquidity and may even reduce volatility. If we compare USD stablecoins to USD exchange balances, I strongly suspect that the latter are much more likely to be withdrawn to a bank account. On top of that, stablecoins can inject liquidity into any market -- they're not relegated to any one exchange like a dollar balance at Coinbase.
When people talk about "money on the sidelines" that's exactly what USDT is. Assuming there's no funny business, an expanding Tether supply means increasing amounts of liquidity that aren't leaving the cryptocurrency ecosystem at all.
i don't believe that tether has much of a positive impact on the price of bitcoin but I do strongly believe that if tether were to collapse in the coming months that it would have a catastrophic influence on the price of bitcoin. I think it would be something akin to the Lehman brothers collapse that triggered a global financial crisis but limited to crypto.
I agree with guys above Who Ask what do you think Will happen if Tether collapse? A lot of huge exchanges work with it. Fortunately more and more go alternatives theese days (usd, tusd, gusd)
And don't you think that printed Tethers go to exchanges and buy btc, eth, eos and others pumping their price?
Also a lot of People think so, monitor Tethers emission and buy btc when they see another million of usdt came to the market
And don't you think that printed Tethers go to exchanges and buy btc, eth, eos and others pumping their price?
Also a lot of People think so, monitor Tethers emission and buy btc when they see another million of usdt came to the market
the Tether is like a fiat in the crypto as it is based one a particular fixed price or rate which is one united states dollar. it is therefore a fact when said that Tether has no real impact on the price of bitcoin as it tends to adjust itself to the price of one dollar equivalent on the bitcoin satoshi.
I don't like Tether and other stable coins. I think there's no real benefits to the world of crypto money.
For there to be the kind of influence, USDT has to have to same or more popularity as BTC. As it stands for my view, fewer people know USDT. It is natural that the researchers concluded that there is no influence.
i already read this news.i think tether has connection on bitcoin price .i cant elaborate how tether connecting on btc price its just my opinion.
USTD will have some effect on Bitcoin Price for a little while, as I think (crazy people ans conspiracy theories definitely impacts for a short while), but I strongly believe that BTC is strong enough to not to give a shit about that.
Of course, the USDT coin should not influence the bitcoin rate. This is practically a digital copy of the dollar. The USDT coin is well used as a buffer when exchanging for another crypto currency, when there are no direct pairs for exchange, but it is most suitable for subsequent output to fiat. Also, it can accumulate funds as a reserve for subsequent investments. This is a very useful coin, but in itself it does not bring profit, because its rate as a whole always corresponds to one dollar.
If you believe that tether and Bitcoin are unrelated what do you think would happen if an audit of Tether showed that there's much more USDt than USD? That millions of USDt was made out of thin air. We'd be facing another year of bear market and 5000 USD at the very least.
As long as tether keeps representing real dollars it will be fine and we can keep saying there's no relation but when it loses public trust all hell will break loose.
As long as tether keeps representing real dollars it will be fine and we can keep saying there's no relation but when it loses public trust all hell will break loose.
Do you remember the waves of people (including me maybe) saying some time ago that the price of Bitcoin is related to Tether (Is Bitcoin Really Un-Tethered?)
There is an academic study by a university researcher debunking the claims. It used VAR model (Vector autoregression) The study claims there is not any strong evidence between Thether and the Bitcoin's rally in 2017
https://www.ccn.com/tether-no-real-impact-on-bitcoin-price-university-researcher/
There is an academic study by a university researcher debunking the claims. It used VAR model (Vector autoregression) The study claims there is not any strong evidence between Thether and the Bitcoin's rally in 2017
https://www.ccn.com/tether-no-real-impact-on-bitcoin-price-university-researcher/
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