Bitcoin Forum

https://uk.reuters.com/article/us-cryptocurrencies-tether/cryptocurrency-firm-tether-releases-law-firm-report-attesting-to-u-s-dollar-reserves-idUKKBN1JG1SB

there will be another pump, but I see only a new inflation incoming

what is Your opinion?

Inflation in terms of dollar prices, that's the same as a pump. The real cost of bitcoin is deflationary in the long run. There is no printing of money like with all other currencies. That's why over time 1 bitcoin should buy an individual more and more of other currencies or goods.

but ther still is a printing out of theter (USDT), a token that doesnt have a back in USD $, so, cause first they print it out, than are trying to sell it for $ or for BTC or other crypto

I like the news background around the USDT, a typical example of manipulation. you can show this story to beginners)

I think that's just fine, USDT is kinda legit so no worries

I don't see any true assurance of USDT. They just keep printing it.
the TUSD have good platform than USDT. But it still new, so no more people think it can be replace USDT.

I prefer to only buy/sell with USD.  I've heard too many negative things about USDT.  There are many accusations of Tether not having the full amount of money to back their printed tether.  Even their terms say you can't redeem tether for usd so this whole situation is a time bomb waiting to go off.

Each tether is backed by usd but that argument actually lead to decrease in talk of real scams of tether, there is a good medium account about that.

The trust traders have in Tether is decreasing because of the alleged manipulation of alleged USDT into the market which I think it might be the cause of inflation.

I don't trust USDT. Tether has some kind control over all crypto. Imagine that Tether at some point will abandon their obligations to ensure the crypto-tokens with fiat - this will be a powerful blow to the exchanges. Bad news, a massive output to Fiat, a drop in the quotes of all the Cryptocurrency.

this scenario is possible
cause banks are behid usdt, and banks love fiat, not crypto

The price of the usd is high and I think it's still higher and it's still a great chance to invest too many people or to traders but at the moment it's still beautiful even when it's just being raised per cents.

the problem is people forge that USDT is an altcoin not real dollars. so they think if they create more USDT then bitcoin price can be "pumped" that way but that is where you are wrong. if that was true then creation of millions of altcoins every day would have pumped bitcoin to an unimaginable number for its price by now. if it was fake then people receiving those USDT coins would have dumped then on USDT/USD market and would have crashed its price below $1.

I think there will be another pump. Inflation will decrease in the coming time and USDT will not affect too much to the Crypto market. We should discuss and give future market trends for investment. The Crypto market now has a pretty bad situation but it is challenging for many traders. If they have the patience and the risk, they will become rich.

There are a lot of people in my country that only trade USDT and currency fiat, they are quite successful with that investment. As the market increased they bought into USDT at low prices and sold at high prices when the market increased and demand for USDT to buy Bitcoin increased. That is a good investment.

USDT has taken over a large amount of trading volume and it's very concerning.  When tether is exposed as a scam the crash will be massive.  They are printing Tether at will and they have no legal obligation to ever take back their USDT in exchange for USD.

The controversy of tether i believe has been doused a bit, I do not think there will be much negativity coming from thence.It wouldn't cause inflation

I am very interested in USDT. As I see, whenever bitcoin increases, USDT decreases and vice versa, when bitcoin decreases, USDT price will increase

the answer is the same as always, if all the nonsense about USDT were true then bitcoin price should have never came down in first place. we would have continued seeing $20k and the rise would have continued since they have been issuing new coins non-stop.

and as you can see more than a month has passed ever since you posted about that nonsense article on Reuters and nothing of sorts has happened.

I dont understanding with ecosystem of this crypto market , why Tether can printed USDT without any audit and comply AML,  Many youtuber said USDT fraud but i see all exchange offer trading pair USDT. I think we need others stable crypto that more legit like TUSD or DAI.

Usdt have always been a safe heaven during crypto recession, It makes hedging better

Don't pay attention to what biased YouTubers are saying, because in most cases they blindly rehash articles from the well known crypto news outlets.

If you want to buy yourself into USDT through Tether, you will be forced to walk yourself through their verification process. What you do with your USDT afterwards isn't their problem until you want to cash them out for USD.

What most people do to obtain USDT is buy whatever crypto through their local exchange, send it to Binance to have it sold for USDT. It's an easy and convenient way to avoid KYC/AML policies.

At the end of the day, we can't prove that USDT is fully backed, and we can't prove that it isn't fully backed. In other words, we can only hope that it doesn't implode one day in case it turns out they aren't backed at all.

The printing of USDT allows BTC to grow; but I am afraid that sooner or later this support will cause a negative affect. (Like drugs)

Knowing Reuters, they actually a dumbass so forget it.

So if USDT has already backed by the money reserves then how come it will rise. One USDT is equivalent of one dollar so does it mean that the value of one dollar is increasing that's why USDT will inflate? Is that so? I doubt it. USDT will be remai a stable coin and will be just the same as it was.

USDT have rate around $0.99 to $1 so will be the same like $USD that possible making inflation, all stable coin and fiat currency will making inflation, my local fiat currency making inflation about 4% every years. Only some asset that will not making inflation like gold and strong fundamental stock, example stock of Apple and also Bitcoin in the long term.

Totally right, although recently, there has been some discussions regarding the team claiming during the recent proposal to audit that the USDT market is backed by real dollars available in a certain bank account and I guess like you said, the only thing we can hope is to just assume that to be true but as it is, I just want to believe that assumptions rule this market.

People are always bound to want to believe whatever that just comes to head which is why sometimes, paying attention to news and rather looking for facts on your own is always a better way to go.

Well, bitcoin will always remain deflationary in the long run and that is what makes it tick anyway. Stable coins are controlled and it is normal to see over printing of them most of the time, but according to tether team, this has not been so as they stated the Tether is fully backed by real USD and that hopefully should douse the tension of USDT imploding one day. I guess at this stage we just have to see how things go but for now, USDT making inflation sounds not it.