Bitcoin Forum

There has been produced 300mil tether  march 20th.
https://omniexplorer.info/address/3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

Time to pump?

I think this can cause questions from government agencies

I guess we will have to wait and see. But i have my fingers crossed for good outcome.

It seems to me that the last time after Tether released tokens, the price of bitcoin flew up. I hope that the same will happen soon. But maybe I'm wrong.

Mine too. It's really sad to see eth so cheap

I dont get your logic. My logic says that printing tether should boost Bitcoin price.  They buy bitcoin or other alts with this tether.  A lot of tether was printed at end of 2017 when price of Bitcoin was hyperbolic.  

The game is starting now. Tether effects market good. And bitcoin reached 9000 dollars. The next targets are 9300 and 9800 dollars. If it will happen
The most important thing is 10k dollars. It is psyhcological i think. In my opinion bitcoin starts the journey of new ath.

Tether prints when people deposit money into Bitfinex's exchange account and they in turn issue them tether. So it could mean that people who have been on the sidelines are jumping back in.

If it is so sad to see it this cheap, perhaps that means you should be happy because you can buy it this cheap no? That is what I would feel like if I really thought an altcoin would do well, and I would get it if my pockets weren't already spent... ;D

So printing more is a way of artificially diluting the price of Tether?

if you were a genuine whale would you really use a system that signals your intentions that's watched like a hawk by hundreds or thousands of people? and is there a chart following tether issuance and price? it all seems a little too easy to me.

i'm relieved it's still above ground and more info is coming out about its banks which means real money exists, but tether will always be a mystery to me.

People need to stop about the tether fud, if tether is not a legit company how can they keep printing money like that. I think Tether do really have lots of money to back them up.

It should be a good thing for BTC. Right?

That, or some fud might be emerging soon. I still don't like keeping my money in tether, but it's better than ETH with that price drop.

yes, this will likely cause the market to go green. for tether fud though, i think they should be fine if they can continue to issue new tether despite subpoena in the US. Bitfinex has a multi-billion business that is generating them millions every day. They wouldn't risk it for something like this although their timing is very very suspicious.

Nice information. This may be the cause why bitcoin is on the rally again. USD Tether is printing again. 12,000 price break is all i wanted within this  month of march 2018. i hope tether will do that.

.

I think this is very good news. This means that we are waiting for a very strong pump bitcoin. We have been waiting for this for a very long time and now we are ready to fly to the moon.

Since when did Kucoin start using USDT???

I do not think Tether has any influence on Bitcoin price. It's just a rumor. Tether has no power to influence the price of Bitcoin.

Something gonna happen soon, I would say very soon. 300kk in one go pretty large amount. I hope it is a sign for the pump

the pump sign will happen soon, but we do not know when it will happen, maybe mid-March all will change, I expect big pumps up to btc $ 18k

I guess that includes start of the January 2018 until a total of printed Tether are $300 million. Well for me I don't really believe on Tether because this is a fake money that they can't print all the time they want just to control the market price.

A few recent changes in the game makes it hard to foresee the future. But alot of factors are pointing towards an uptrend..

like this: Bigger exchanges are starting to use Tether as a trading component for buying cryptos, without the use of banked fiat(National/continetial currency)


Conspiracy wise:: 300mil$ Tether enters the game.. Plannings for the use of Tether being trading for other cryptos, redarding highly valued exchanges, gets accelerated.
Roughly 24 hours after this massive print. Twitter co-founder, Jack Dorskey, starts promoting BTC and its "dictative" future..
Not to mention the G20 summit talking sideways when its comes to crypto, making it look like its nothing special, BUT still unregulated (Mostly passive-perspectivating focus is added)..

I sense an avoidance regarding getting the public to buy, before a (hopefully) high increase of value. So that the big influential whales, yet again can dump high and make a huge profit.

http://fortune.com/2018/03/21/jack-dorsey-cryptocurrency-bitcoin-transactions/  (ignore the adds, unless you want a puppeteering show)..
https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/tedknutson/2018/03/19/cryptocurrency-doesnt-pose-a-risk-to-the-financial-system-yet-g20-told/&refURL=https://www.google.dk/&referrer=https://www.google.dk/


(I'm not gonna share more insight, until i see some more constructive comments)

BTW: DO NOT believe in conspiracies ;)

Your beliefs seems very limited.. Tether always thriving to be valued at 1 dollar. It doesnt matter if YOU think its fake or not, when the majority, funding coorps, and genral public believes in it enough, to be valued at said price. Dont forget their rep is based on stable liquifiyng.

what if the tether is used to dump crypto or bitcoin the market? 300M is not a small amount, it's a big amount. I really not believing tether right now

What is the main reason behind printing tether because why don't we trade with the current supply of tether? Whether tether printing will make us increase the price of Bitcoin and it will affect the price of other altcoins.

I started to think that Tether printing process doesn't really affect full markets but only bitfinex. They are in very bad position against government agents right now and its strange to see them still issuing those tokens.

The big rise was on this track. I hope we see that big rise again.

I hope what you say is true. If we rise to $ 18,000, we all will be comfortable, we will see falling prices for a long time, and bitcoin needs a big boost. I want to exceed the $ 15,000 limit as soon as possible :)

The printing press was launched again... This story will eventually end badly for the crypto community.
But for today, no reaction from the market is observed

Woow! Good news are coming. What do you think, could it be a bull trap? I dont think that but people are scary and Underneath all the news is looking for a bad case.

This is a huge printing press just going off... Without any sort of physical printing going on.

People still don't realize that tether isn't backed by anything but their word. All the auditing mean nothing if they do not actually pay you at the end. Just because there is money in the bank account doesn't mean that it's specifically assigned to tether, it could be from a loan from someone else.

I hate IOUs like this. I would honestly rather hold other pegged cryptos like BitUSD which is considered to be shady, than Tether.

I wonder how BTC will be affected, though. I don't think it will by much honestly.

This is a move that shows the dollar entering the market. I believe you will get more until the month of July.

This will support with the price pumping of bitcoin. In the past when the tether started to encounter issues automatically the price of bitcoin too began falling low. Such a huge volume entering the marketplace surely makes the value of bitcoin too grow. The days of price increase has begun. Lets begin the fun and enjoyment of the price increase.

$300Mil Tether...
That's alot right? It surpassed most of the Altcoin marketcap and $300M is the total marketcap of ARK coin itself ( Rank 51 )

Huge volume meaning huge pump? :P

Wow..it is time to buy again guys..i hope tether is real backed by real usd so we are all not fucked up and we probably will see another bull run. Or maybe there is a real fresh money coming in thats why 300 million tether created. If it is true we will see btc $20k again or even break new all time high.

Another bull run ? Time to buy ? Correction is over ? I heard that so many times lately and everybody was wrong... I don't know what to think and who I need to trust really :/

Actualy I think that noone can predict the market and it's even more true in this bad period.

Reason should be that someone give 1 million UDS and he gets 1 million tether.  If that is not the case then we will soon have problem. But I believe that is the case.

They did it before, and uproars have happened. Didn't stop them from producing even more out of absolute thin air. It's like they really don't care anymore about the critical condition of crypto, and just want to fuel the fire, get out as much as they can while they still can. If they think they can artificially boost crypto demand by making available more worthless Tethers, which by the way even at current value immediately loses millions... and worse, if traders allow it to happen, which they will, this will just be another element of actual financial world creeping into crypto.

What can we do about it? Or are we willing to do anything about it?

everybody know Tethers play a vital role in bitcoin prices we need to see how long the game goes and how high price reaches

There is a talk in market Tether is manipulating Market . more the Tether is pumped in market higher will be market this notation of market manipulation spread amoung traders truth will come out soon

Having such a large capital at its disposal, it is very difficult to not manipulate the market. After all, there are all the possibilities for this and therefore I'm not surprised at this.

I would like to say that we can do something but that is not the truth, there is nothing we can do, printing all of this tether out of thin air is going to be bad for the market, yes we are going to get some price increase in the future but this is very similar to what happens with fiat all the time and I'm not investing in cryptocurrencies just for some people to find a way to make all the cryptos very similar to fiat.

In what do you want to make a crypto currency similar to Fiat? Paper crypto currency can not be. And also the use of crypto currency in everyday life will not have such ease, as it gives simple paper money.

This is how they do it and not get caught,first they buy coins at lows then print some tether out and pump price a bit so others can get caught in trap thinking that its healty market growth.Then tether finnex crew sell those coins at ath or close to it for at least 2-3 more profit on exchanges that work with fiat like gdax(notice this because they pump coins ussualy that can be sold for fiat)take the profit back and put the same ammount of fiat that was in tether on bank account so they can pass thru audit

Tether just like a money machine and that's true. And how the tether developer is running away from the reserve funds audit. This looks so crazy man, how a team can printing worth of hundreds million dollars in some period. I'm gonna say this tether is fully with manipulated by the developer.