TETHER 'PRINTED' 250,000,000 USD, WILL BITCOIN PRICE RISE? - page 3.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: xTz on June 27, 2018, 07:51:31 AM

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.

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.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: ranman09 on June 27, 2018, 07:53:46 AM

Quote from: mk4 on June 27, 2018, 07:49:47 AM

It could be. Though I really don't know for sure.

Here's an interesting tweet by Charlie Lee (Litecoin founder):

Tweet link: https://twitter.com/SatoshiLite/status/1011253070821408770

*snip*

USDT sounded like a real token to me, ICO stage?. Well, I think it will somehow affect bitcoin price. But it will not be enough.

🙃

USDT is a coin that's supposedly tethered to the USD. So 1 USDT = 1 USD. It's a coin that's mostly used by traders. Obviously very new to the cryptocurrency space eh? I have no idea how you reached full member without even knowing what USDT is.

https://tether.to/
https://www.youtube.com/watch?v=2XHYkaSemqc
https://www.youtube.com/watch?v=kyQfGsYDcnw

ranman09

full member

Activity: 756

Merit: 112

Quote from: mk4 on June 27, 2018, 07:49:47 AM

It could be. Though I really don't know for sure.

Here's an interesting tweet by Charlie Lee (Litecoin founder):

Tweet link: https://twitter.com/SatoshiLite/status/1011253070821408770

USDT sounded like a real token to me, ICO stage?. Well, I think it will somehow affect bitcoin price. But it will not be enough.

xTz

newbie

Activity: 74

Merit: 0

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.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

It could be. Though I really don't know for sure.

Here's an interesting tweet by Charlie Lee (Litecoin founder):

Tweet link: https://twitter.com/SatoshiLite/status/1011253070821408770

dutchkay

full member

Activity: 434

Merit: 100

Those guys have been good at manipulating prices with Tether, who knows what they are up to this time around. Last bull run, I believed they played a vital role in it. Some might see it as good thing but it's really bad. Manipulating market in your favor will always have a negative side on it later.

xTz

newbie

Activity: 74

Merit: 0

A real tether coin will have value of 1$ stable only if customers that buy tether will pay with dollar and that dollar will be deleted from fiat circulation and never use him.
This a hint for governments how they gonna make fiat national currencies. They create digital dollar coin, and for every dollar exchanged, that dollar will be removed from financial market. Embrace the future !

KingScorpio

sr. member

Activity: 1470

Merit: 325

some while ago i opened a topic in which i explained how tether has a much higher power to influence the bitcoin price than other means like propaganda, marketing, pump and dumpo promises

and here it is

https://bitcointalksearch.org/topic/m.35304920

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

It could mean something but as of the moment, I doubt that there would be any serious implication towards the market given that the bears are still in control. Most likely there's something looming over the horizon that's why they printed a lot of tether, but I wouldn't take it seriously as of now. It could be another stunt or claim to publicity but given the capabilities of Tether in the market right now, this just gives the bears more reason to dump hard on the market and make the people convert first for the bears to buy all the cheap coins.

fiulpro

hero member

Activity: 1890

Merit: 831

Offcourse that's a good sign but there is one thing that we cannot be sure of and that is they will use the money to buy Bitcoins that we know but what if it's used to buy some other cryptocurrency? There is nothing that could really prevent that. I do think that it's a good sign but for whom that's not really sure, also it's on them when to buy they simply can wait for the price to get even more down than today so that they will be able to gain Maximum profit. Because of this news now we know how benificial the holding will be .

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: Osakrita on June 27, 2018, 01:04:10 AM

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/

tether has become the FED of the cryptoindustry that still calculates and thinks in usd

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 just a token calling itself usdt.

as long as people will continue to use coinmarketcap and its cryptoranking it will stay useable though.

something i have to stop need to use a better index filtration system.

regards

nonconformist

full member

Activity: 386

Merit: 104

IDENA.IO - Proof-Of-Person Blockchain

There is something here. Probably bitcoin will be affected by this move. However, why on earth they will be "printing" 250M USD Tether if they are not going to do anything about it. Probably something will happen. And this will affect the price of BTC. Can someone please explain how?

Osakrita

newbie

Activity: 196

Merit: 0

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/

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