What do you mean by USDT as 'money printing machine?' For all I know, the main catalyst of the 2017 bull run was credit cards being used to purchase bitcoin and the futures market, and USDT being there just to, well, be a stablecoin and nothing more. Right now, Tether is in hot waters for not actually stating or showing a proof that they indeed have that much money to match any issued USDT in the open, yet they are still continuing to do what they always do. Sooner or later, Tether will be involved in some form of 'hack' that could potentially hurt millions of dollars of money converted into them in the meantime.
Future market was a major factor in the bull as well as tether was instrumental in pumping the price so high, during 2017 there were a lot of tether being created without any valid proof on that they are fully backed by dollars, if there is any market downfall then tether will be the main reason for that and i feel that something big is coming that could wipe the market by a big margin. Credit card usage were there, but that was not the main reason for the big rally, it was minuscule when compared to the amount of tether being created during that time. 
Topic: What will happen in the new bullrun without the past huge power of Tether? (Read 673 times)
May 28, 2019, 04:29:50 PM
May 28, 2019, 04:13:01 AM
I do not think that tether can somehow affect bitcoin, it is not powerful enough for this.
Tether is a powerful token and it does affect the values of bitcoin and other cryptos because investors and traders do also buy and sell stable coins such as tether on a regular basis so that they can secure their profit from the hazards of unstability .In addition, btc is the largest coin on the market and I doubt that anything at all can greatly affect it.
Not all can affect bitcoin . Your right ,bitcoin is the largest coin and bitcoin is the one that can affect other coins the most . Bull run will always happen with or without the help of stable coins , that is for sure .
May 28, 2019, 03:52:46 AM
I do not think that tether can somehow affect bitcoin, it is not powerful enough for this. In addition, btc is the largest coin on the market and I doubt that anything at all can greatly affect it.
May 21, 2019, 06:28:51 AM
I think the USDT just became popular during the bear market and not bullish. When thousands of people tried to take profits in the dollar but did not withdraw money from the exchanges in the hope that growth would soon begin again. Then it simply became popular among traders who actively traded it in relation to other cryptocurrencies. And the growth of cryptocurrency to the USDT in general has nothing to do. In any case, I personally do not see any connection.
I too have the same belief that there is no relation with USDT on the bull market. Recently when the price of bitcoin was to make a big step forward there was a big issue with Bitfinex and tether. If USDT was to make some impact on the growth, by that time there shouldn't be any growth with bitcoin. In reality the forward marching happens unlike the negative things happening all around. May 21, 2019, 05:54:00 AM
I think the USDT just became popular during the bear market and not bullish. When thousands of people tried to take profits in the dollar but did not withdraw money from the exchanges in the hope that growth would soon begin again. Then it simply became popular among traders who actively traded it in relation to other cryptocurrencies. And the growth of cryptocurrency to the USDT in general has nothing to do. In any case, I personally do not see any connection.
May 21, 2019, 05:29:38 AM
It is, the media and not only they falsely accuse Tether in many ways.
Did you read my last reply to you above? The accusations aren't false because Tether have confirmed them. They have admitted multiple times via multiple lawyers and their general counsel that they lied about every USDT token being backed up 1-to-1 with USD. If everyone wanted to turn their Tether back in to USD, they wouldn't be able to and Tether would collapse. Just because you haven't had a problem with Tether yet doesn't mean anything. May 21, 2019, 05:18:54 AM
Not that I'm a fan of Tether, but in recent years I have heard so many rumours on it, and it still works. It seemed to me it was mostly FUD. 
It is, the media and not only they falsely accuse Tether in many ways. A recent case with ny ag only proves their innocence and honesty. May 15, 2019, 04:52:54 AM
Hi everyone,
I've read lots of articles explaining that one of the major reasons of the run to $20,000 back in 2017 was the money machine printer known as Tether (USDT). What do you think it will happen this time regarding this?
I ask based on tweets like this:
https://twitter.com/Stami_/status/1115217112262483969
Thanks!
Based on my experience also i witnessed the bull run . It was initially started because of BCH fork success were people got 400$-1000$ worth of Coin by simply holding Bitcoin in wallet . Soon after Segwit2x or B3x and BTG fork announce people started to grab bitcoin for getting free coin after fork . Were Segwit2x expected to major change in crypto space . Once it cross 10000$ mark . It took momentum became talk of town reached 20 K in No time . If USDT was the reason now more stable coins are out there If your point is true then this time it will hit even harder. I've read lots of articles explaining that one of the major reasons of the run to $20,000 back in 2017 was the money machine printer known as Tether (USDT). What do you think it will happen this time regarding this?
I ask based on tweets like this:
https://twitter.com/Stami_/status/1115217112262483969
Thanks!
May 14, 2019, 09:18:24 PM
I think Tether and printer machines have not had a big influence on the bullish market today and in 2017. a few days ago Tether made a good contribution to Bitcoin. but the biggest element that makes BTC bullish is the wgale and investors who begin to trust BTC and the crypto world again.
May 14, 2019, 03:03:02 PM
USD Token is only a stable coin, not will impacted on Bitcoin. the use of USDT is for make trader easy to cash out in digital money without Withdrawing to the Bank Account.
Bitfinex redeems USDT for USD, which can be used to buy cryptocurrencies on its exchange. So, when Tether is redeemed this way, it can drive prices upwards. I believe this is the mechanism the CFTC has been looking into regarding its recent investigation into Bitfinex and Tether.
May 14, 2019, 02:49:24 PM
I still don't believe it. Me and my friends have never had any problems with tether. And often all the attacks of the media in the end turned out to be rumors.
Well then you aren't paying attention. Tether's General Counsel, Stuart Hoegner, as well as other lawyers representing Tether, have published multiple documents stating quite clearly that Tether is not backed up 1-to-1 with USD as they claimed. https://www.scribd.com/document/408190972/Stuart-Hoegner-Affidavit-4-30
Quote
representing approximately 74 percent of the current outstanding tethers
https://www.scribd.com/document/408190969/Zoe-Phillips-Filing-4-30
Quote
would cover approximately 74 percent of the outstanding amount of tether
You've never had a problem with Tether because that's how scams work; everything works fine until suddenly it doesn't. It's in their best interests to make everything work normally for as long as possible, to lure in as many people as possible, and to maximize their profits when they do suddenly declare themselves insolvent, exit scam, disappear, or whatever.
May 14, 2019, 08:26:00 AM
A number of shady activities? You mean the rumors that the media kept talking about, bribed by their competitors?
It's not a rumor that they kept changing their terms and conditions, downgrading what they claimed Tether was backed up with. It's also not a rumor anymore that there is currently a $850 million shortfall in Tether's reserves - that is a fact accepted even by Tether themselves.If these were all rumors being paid for by their competitors, then why would Tether repeatedly refuse to allow an independent audit. They could have settle the entire thing overnight. The reason they didn't is because they never had the funds they claimed to have, which they have finally admitted.
May 09, 2019, 01:51:44 PM
A number of shady activities? You mean the rumors that the media kept talking about, bribed by their competitors?
It's not a rumor that they kept changing their terms and conditions, downgrading what they claimed Tether was backed up with. It's also not a rumor anymore that there is currently a $850 million shortfall in Tether's reserves - that is a fact accepted even by Tether themselves.If these were all rumors being paid for by their competitors, then why would Tether repeatedly refuse to allow an independent audit. They could have settle the entire thing overnight. The reason they didn't is because they never had the funds they claimed to have, which they have finally admitted.
May 09, 2019, 05:40:29 AM
So what tether got yo do with the bullrun?lol USDT is not the reason why we reached the 20,000$ in December 2017 so don't dream that without this we can't reach ths top again
We will go to the highest value in right time and not just by hype so be ready because we are closer there
We will go to the highest value in right time and not just by hype so be ready because we are closer there
May 09, 2019, 05:18:10 AM
USD Token is only a stable coin, not will impacted on Bitcoin. the use of USDT is for make trader easy to cash out in digital money without Withdrawing to the Bank Account.
May 09, 2019, 05:09:02 AM
Hi everyone,
I've read lots of articles explaining that one of the major reasons of the run to $20,000 back in 2017 was the money machine printer known as Tether (USDT). What do you think it will happen this time regarding this?
I ask based on tweets like this:
https://twitter.com/Stami_/status/1115217112262483969
Thanks!
I think the major reason of bitcoin increasing price now is the bitcoin market equilibrium that reached and happened for few months ago. Now this is the time for the increasing demand that made by adoption that still growing make the price move up. I don't think that other altcoins such as tether or etc are become the reason of this bitcoin increasing price. I've read lots of articles explaining that one of the major reasons of the run to $20,000 back in 2017 was the money machine printer known as Tether (USDT). What do you think it will happen this time regarding this?
I ask based on tweets like this:
https://twitter.com/Stami_/status/1115217112262483969
Thanks!
May 09, 2019, 04:36:30 AM
The tether controversy and allegations were unproven.
Unproven maybe, but very strongly implied, and Tether have done nothing to try to prove the claims incorrect.There have been a number of shady activities which strongly suggest that Tether do not have the USD backing that they claim. They released a very vaguely worded letter from an unknown bank residing in a tax haven saying they have a "portfolio cash value" equal to USDT. Portfolio cash value means any asset when sold for cash. They also quietly dropped the 1 USDT = 1 USD statement from their terms and conditions, and replaced it with a similarly vague statement about being backed up by a variety of assets. They could print 100 million USDT from thin air, use it to buy bitcoin, and then claim the USDT is fully backed up.
They could quite simply submit to a full audit any time they like (or at any point over the last 18 months since these allegations started), and the whole thing would immediately be done with. The only reason they have for continuing to refuse an audit is if they have something to hide.
A number of shady activities? You mean the rumors that the media kept talking about, bribed by their competitors?
May 09, 2019, 04:16:00 AM
In as much that the market value of Bitcoin within the past two months has seen a massive increase in its market price does not strongly predict that Bitcoin will soon hit the $20k value like in 2017. And this time around I don't really think USDT (Tether) has an influence on the increase in the market price of Bitcoin.
May 09, 2019, 04:02:11 AM
Not that I'm a fan of Tether, but in recent years I have heard so many rumours on it, and it still works. It seemed to me it was mostly FUD.
Exactly. Tether FUD is used to pump and dump the price. But people no longer react much to this.
April 13, 2019, 02:25:57 AM
The tether controversy and allegations were unproven.
Unproven maybe, but very strongly implied, and Tether have done nothing to try to prove the claims incorrect.There have been a number of shady activities which strongly suggest that Tether do not have the USD backing that they claim. They released a very vaguely worded letter from an unknown bank residing in a tax haven saying they have a "portfolio cash value" equal to USDT. Portfolio cash value means any asset when sold for cash. They also quietly dropped the 1 USDT = 1 USD statement from their terms and conditions, and replaced it with a similarly vague statement about being backed up by a variety of assets. They could print 100 million USDT from thin air, use it to buy bitcoin, and then claim the USDT is fully backed up.
They could quite simply submit to a full audit any time they like (or at any point over the last 18 months since these allegations started), and the whole thing would immediately be done with. The only reason they have for continuing to refuse an audit is if they have something to hide.
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