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.
I partly agree with your point of credit card being the major reason for the 2017 bullrun, because credit card is the world most popular financial institutions and at that it acceptability and access to bitcoin hard I great positive influence on the market. To that point should we now say this recent rise above $5000 is as a result of PayPal involvement in bitcoin? 
Topic: What will happen in the new bullrun without the past huge power of Tether? - page 4. (Read 673 times)
April 08, 2019, 08:36:19 AM
April 08, 2019, 08:28:18 AM
I don't believe that tether is one of the reasons as to why bitcoin gain that price of $20,000. Tether was just in the right place at the right time when the bull run came out. For all I know, the reason was there were lots of demand for the coin which escalated a world wild phenomenon and hit its ATH.
April 08, 2019, 08:12:36 AM
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.
There was an investigation about tether during 2017 bull run. They provide an incredibly high emission of USDT just before all major pumps, which was quite suspicious. Also, their market cap was unrealistically high. Anyway Tether had its role in previous bull run.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?
Hopefully nothing. Market have to be healthy in order to get some stable growth that won't be lost in one moment. April 08, 2019, 07:44:11 AM
April 08, 2019, 07:14:34 AM
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.
April 08, 2019, 07:06:49 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'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!
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