Bitcoin Forum

I will resume:

It's possible that the next crisis is comming.
Always, when there is some uncertainity, the whales attack (and, sometimes, hackers too). Also, anything could happen in addition to that.
But, this things, almost everybody could expect. It will be just the ingredient to start the crisis.

The big problem could be: TETHER

- Exist only 300 millon Tether Dollars, equivalent to just 110,000+/- BTC (7a.m. GMT 07/29).
- Some of the biggests exchanges use only Tethers as Dollar value (Poloniex, Bittrex, etc.).
- A lot of people will exchange BTCs for USDT as a safe option near the 08/01.
- As I'm writing this, BTC is beginning to show a possible downtrend (just chart analysis. I hope I'm wrong).

So, if bitcoin drops, a lot of people will want to sell their bitcoins for USDT, but the USDT supply could be not enough.
The result is a BTC falling rapidly to adjust the USDT demand, and a lot of people panicking.

Just in case, a sold the half part of my Bitcoins.

What would you do? Share any opinion, below.

BTC hard fork or split is only a win-win, it just free money. Your term of crisis is more money more problem.

In my opinion bitcoin price will not wither because of tether after all, this fork will bring upon free money to bitcoin holders who held tight of their bitcoin stash because they will receive BCC which is in turn can also be exchangeable. That being said, I wont worry for now because USDT is just dollars in form of cryptocurrency, and there will be no shortage since people can just convert bitcoin straight to fiat if that happens. There might be a dump but the fall will not be to adjust to the USDT demand.

BCC will be recognised  for what it is an alt coin and will be dumped and BTC will pump.

The price of BTC to my local country was neither falling nor rising it steadily like it was before.
We will see what's going to happen

hmm... i feel like the account name is changed but the content is the same. hmmm. curiouser and curiouser...

there is always drama in bitcoin but to this date there has been no crisis. only what people call crisis and panic over for no good reason.

so far whales have been accumulating ;)

hackers have also been hard at work for the past 8.5+ years. they never ceased fire ;) ;)

yes, aliens could also attack. dying to see ET up close and personal.

i don't trade on polo but the TETHER market on bittrex is as good as dead.

no they won't. people always go back to fiat not another shaky altcoin. some do it for some other reasons but NEVER for holding.
and besides people who want to trade bitcoin are elsewhere dong it with fiat.
people who are on exchanges like polo and bittrex are there for the altcoins and if they want they will go in an altcoin.

and on top of it all bitcoin price is rising fast these days. with the speculations out most people are expecting a rise.

i believe you are wrong. and without including your chart analysis i am going to say you are most probably wrong ;)

NO, this will never happen. as i said above people are not even selling their bitcoin for USDT to begin with and i assure you that a long long time before USDT runs out its price will crash.

this means if your scenario happens and people really do start selling for USDT they will crash the price down and when 1 USDT is worth $0.9 no idiot would continue to sell for USDT and the selling will simply stop.

just make sure not to panic buy when you missed out on the rise ;)

look at my username ;D

look at my username ;D
[/quote]


I did not understand the part about My nick name.

You don't know? Aliens invented BTC!  :D

This is all hypotetically. If something bad happen, I'm sure that the crisis will highly pronounced because tether, it's a simple math about demand and supply.

Moderator:
This discussion was in "bitcoin discussions" because IT'S ABOUT BITCOIN, tether could be just the cause.

There can be a price difference between tether and $ but it will never get too extreme, if it does people will just exchange btc for an altcoin instead.

I don't really see any crisis and I also don't see bitcoin dropping, whales are going to buy up bitcoin since it has successfully reached a widely accepted compromise on how to scale it.

Just like those are throwing the free stellar to the market after gets the free distribution by the developers of stellar coin. BCC just like an airdrop for every bitcoin hodlers. That was just an example of the money has fallen from the sky. So there is no a reason for BCC to be pumped. It will be obviously dumped as fast as possible.

He didn't said that you should look into your nickname but rather look at his nickname and that's what he will do. In short, he will hold bitcoin since his nickname is bitcoinhodler. Also I don't think that many people would trade bitcoin for tether, they would rather trade it into real US Dollars than a copy of it just in the name. Therefore, there would be no crisis but I would rather call it as another bitcoin price dump if people were to trade their bitcoin for USD.

Of course, hodl is a good strategy. I sold because I want to buy cheap.

I have a technical analysis ready, if anyone serious wants to know more, send me a private message