Topic: TETHER 'PRINTED' 250,000,000 USD, WILL BITCOIN PRICE RISE? - page 2. (Read 570 times)
It’s a great news for this project. We all know bitcoin is a great project for invest. Bitcoin maintains their performance from the beginning. That’s why its demand is too much high. For this reason price also increasing.
Last time when tether printed Also a huge sum , Prices have fallen a lot ..We may also see another dump this time again
250 million USD is not a small amount. If tether really has printed this amount of USD then definitely it can make a move and affect the bitcoin.
@stompix
I mean both parties will use both dollars, fiat dollar in this case will be used by usdt platform owners, and digital dollar will be used by person who bought from tether company. So, this should spark some bulbs in ur mind, ofc you need a mind to see this
(when i say "you" i don't mean you stompix, more like you (users))
I mean both parties will use both dollars, fiat dollar in this case will be used by usdt platform owners, and digital dollar will be used by person who bought from tether company. So, this should spark some bulbs in ur mind, ofc you need a mind to see this
(when i say "you" i don't mean you stompix, more like you (users))And?
The user that bought usdt is free to do whatever he wants with those, that's why he paid them $.
As for Thether Bitfinex, if they do other than securing those $ in their vault, then the trust in thether should go down ...but we don't see anything like this on the market.
Don't get me wrong, I dislike the concept of an artificially pegged currency from all my heart but as long at there is trust in that usdt that indeed it is worth $, there is nothing you can complain about it.
This may affect bitcoin rise. I think the price may get increase very soon.
So far, there is no rise, but once the bull market resumes it could propel the market higher, as that money flows into bitcoin and other cryptocurrencies. With a combined market cap over only several hundred billion dollars, that money could fuel another spectacular run.
This is very interesting, it is suggesting that BTC may bottom any moment and someone is planning a huuuge buy.
it could also mean that exchanges are locking up their real fiat into the tether fed reserve. and getting tether bearer bonds in return
meaning its not a buy thats about to buy coin. but an exchange just swapping real fiat for tether so they can arbitrage with othr exchanges in the background = no change
i seriously doubt that an exchange owner would bother with arbitrage trading between exchanges since the profit is already too small and most of the time near impossible to be any. there are much easier ways of earning money with the money you have including pumping the coins listed on their exchange, investing in some other altcoin and pumping it on some other exchange,...
This is very interesting, it is suggesting that BTC may bottom any moment and someone is planning a huuuge buy.
it could also mean that exchanges are locking up their real fiat into the tether fed reserve. and getting tether bearer bonds in return
meaning its not a buy thats about to buy coin. but an exchange just swapping real fiat for tether so they can arbitrage with othr exchanges in the background = no change
Tether released a statement that they received a deposit of 250,000,000.00 and as such created new tethers.Will this have a positive impact on the price of bitcoin?
https://bitcoinist.com/tether-grant-250-million-usdt-bitcoin/
https://bitcoinist.com/tether-grant-250-million-usdt-bitcoin/
This is very interesting, it is suggesting that BTC may bottom any moment and someone is planning a huuuge buy.
Since inception of tether i knew this won't gonna finish good for founder. In a normal society this should be severely punish by law makers. How he is billionaire if he don't use those dollars? You sure he have every dollar in company's bank account ? How they pay their workers? Isn't somehow paying with investor's money?
You sure he have every dollar in company's bank account ? How they pay their workers? Isn't somehow paying with investor's money? Basically they counterfeit dollar bills . It should be against the law if you ask me. They take 1 dollar fiat, and they create 1 dollar digital, but they use both.
. It should be against the law if you ask me. They take 1 dollar fiat, and they create 1 dollar digital, but they use both. they are supposed to store those, usdollar savely, and they use 2 banks in china one in hong kong other one i am not sure, to keep those usdollars save, its ridiculous.
google brock pierce scandal
google brock pierce bitcoin foundation resignatons
google brock pierce tether
Tether released a statement that they received a deposit of 250,000,000.00 and as such created new tethers.Will this have a positive impact on the price of bitcoin?
https://bitcoinist.com/tether-grant-250-million-usdt-bitcoin/
I don't know why would that actually make the price of the bitcoin surge. The fact that they created more tether doesn't mean that more money will be poured into bitcoin. It's just there to give it to the people who want to sell btc isn't it? https://bitcoinist.com/tether-grant-250-million-usdt-bitcoin/
@stompix
I mean both parties will use both dollars, fiat dollar in this case will be used by usdt platform owners, and digital dollar will be used by person who bought from tether company. So, this should spark some bulbs in ur mind, ofc you need a mind to see this (when i say "you" i don't mean you stompix, more like you (users))
I mean both parties will use both dollars, fiat dollar in this case will be used by usdt platform owners, and digital dollar will be used by person who bought from tether company. So, this should spark some bulbs in ur mind, ofc you need a mind to see this
(when i say "you" i don't mean you stompix, more like you (users)) 
I suggest you be careful for the future, maybe it will aka pump & dump USDT with another pair coin. If that happens I hope it does not affect the bitcoin.
I don't see why that has got anything to do with Bitcoin more than other cryptocurrencies. Bitcoin isn't the only crypto tethered. So, why is bitcoin singled out to benefit from that increase is what beats me. Pumping so much as 25million tether into the market may even crash the price of tether beyond recovery. I don't think this is in a way good.
It really doesn't matter how many USDT there are in existence, the price is just pegged to $1 regardless. I guess this was due to the micro-fluctuations people were seeing leading to 1 USDT being worth slightly more or less than 1 USD, which is completely against the concept of Tether to begin with.
Basically they counterfeit dollar bills . It should be against the law if you ask me. They take 1 dollar fiat, and they create 1 dollar digital, but they use both.
. It should be against the law if you ask me. They take 1 dollar fiat, and they create 1 dollar digital, but they use both. They can't use both
.If they take the $ from somebody they must give them the usdt.
If there is no such person and they print it out of thin air, then there is no $ at all.
tether is not 100% backed anymore since it was hacked once and 35 million usdt where stolen
its not even backed with usd, most risky fiat worldwide.
its not even backed with usd, most risky fiat worldwide.
Well, I thought the bolivar, the rubble, the Turkish lira, the Zimbabwean dollar, the peso and so on are riskier.
Good to know, going to change my 100$ bill to some truck full of ZW$.
very good news, I hope it will bring good impact for bitcoin development, hopefully this will be the first step of the expected answer.
no it won't have any effect and it never had any effects not now and not before and not ever in the future. it may have contributed to some hype last year since people kept repeating the same bullshit so people speculating a rise because of new Tether coins bought bitcoin and price went up.
but the funny thing is they have been printing Tether like always but it only hits the news now. you just found one of many cases and so far even during the drops they have been printing new USDT and price still dropped. and during rise they printed new USDT and price still rose.
in short market is doing its thing with or without tether.
but the funny thing is they have been printing Tether like always but it only hits the news now. you just found one of many cases and so far even during the drops they have been printing new USDT and price still dropped. and during rise they printed new USDT and price still rose.
in short market is doing its thing with or without tether.
of course it can have a propagandistic effect, the price of bitcoin is considered in USDT as well, more usdt used to buy bitcoin can fake a higher bitcoin price. it will still not make bitcoin acceptable and it will still be questionable which type of communal usdollar you get for it, also the usa is dissolving with many regional currencies emerging, (ohio dollar, virginia dollar) etc.
usa might become same like soviet union and no one things anymore hat money is valuable
regards
no it won't have any effect and it never had any effects not now and not before and not ever in the future. it may have contributed to some hype last year since people kept repeating the same bullshit so people speculating a rise because of new Tether coins bought bitcoin and price went up.
but the funny thing is they have been printing Tether like always but it only hits the news now. you just found one of many cases and so far even during the drops they have been printing new USDT and price still dropped. and during rise they printed new USDT and price still rose.
in short market is doing its thing with or without tether.
but the funny thing is they have been printing Tether like always but it only hits the news now. you just found one of many cases and so far even during the drops they have been printing new USDT and price still dropped. and during rise they printed new USDT and price still rose.
in short market is doing its thing with or without tether.
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