Bitcoin Forum

Do you Tether is stable forever? I dont think so, What if Tether drop to 0.5$ or 0.1$? what will be happen to BTC price if Tether drop to 0.5$?
I think Tether bank account could be frozen by Central bank mafia.

There's a possibility that tether would go lower. I've seen a stable coin that dropped than the usual price where it should be stable so the possibility is there.

For example, nubits is a stable coin but it's now worth $0.07.

https://coinmarketcap.com/currencies/nubits/
https://nubits.com/

I've seen the price flow of Tether but I can't say that its stability could remain the same for a long time. I still don't believe that Tether has a big impact in the price of Bitcoin.
As for me, no coin could manipulate the price of bitcoin
since it's known to be an independent coin.
Tether needs to undergo a lot of tests of time as what bitcoin did.

Tether is an interesting case because it is continually in the news over sketchy behaviors, yet seems to always manage to claw its way back to parity with the U.S. dollar or even go above it. I believe speculators are also jumping in to it as an arbitrage opportunity. Given that the company behind it is possibly engaged in fractional reserve backing by the U.S. dollar and is untransparent, I think it's best for people to stay away from it.

There has always been arbitration there, apart from the immense impressions without the sure guarantee that they really exist. Then you have no confidence, flee from tether

Loud it!
NO COIN CAN MANIPULATE THE PRICE OF BTC.
Tether should prove itself over time then we can trade with absolute reliability

no problem.
btc have other trading then tether. eth, usd, ltc and other have good volume pair with btc.
tether have alot of manipulate crypto, unpair when want to replace past payment when fiat at behind tether.

Any 'stable coin' that doesn't do have an external audit and transparent balance management would likely be another Tether. The key to solving that problem is either remove stable coin completely and open up fiat gateway, any stable coin company would need to go through an external audit or let's use something like DAI.

Tether has not been that stable so far either. there has been times when it got dumped, not a big amount but still a dump. but it has nothing to do with bitcoin price because bitcoin price is not set or even measured in Tether, it is instead set in USD markets and it has always been measured in USD. not to mention that if you check the volumes you can see that majority of the volume is coming from the bitcoin-fiat market not bitcoin-tether market.
Tether is mostly used for altcoin trading in altcoin exchanges mainly because people and exchanges didn't used to want to involve regulations of fiat.

The relationship between Bitcoin and Tether or  Tether and Bitfinex is always a controversial topic. Tether is the largest stable coin on the market today, it was accused of being printed by Bitfinex to pump the price of bitcoins to $ 20k by the end of 2017. Recent figures also show that Tether is completely unsupported $ as people think, there is no accurate report that There will be 1 $ / 1USDT.

This leads to the fact that 2018 has a lot of new stable coins, they also give specific figures and very clear audit numbers to prove they will have $ support as they commit:

- USDC
- TUSD
- PAX
- DAI
- GUSD

So even if the USDT has dropped to $ 0.5 or collapsed it will not be too big a problem for bitcoin at the moment. Because there are many other stable coins that replace its duty in the market. And USDT is not a project I believe to hold and trade in the long term. It is very shady and non-transparent.

Tether has went below $1 before and possibly it could go lower in future, but price action might continue to make it $1 as people believe that its supposed to be $1.

Tether could drop to $0.5, it's not guarantee. We have other stable coins in market, traders can always trade with other stable coins. As for the bitcoin, nothing will happen to bitcoin when the price of tether falls below the stable line. There was a stable coin that fell heavily, the team had to change strategy.

USDT will still remain stable, because it has been claimed with the name stable coins, in my opinion the price of USDT down does not affect the price of BITCOIN, because bitcoin is a reference of all digital currencies

Unless they pump Tether to keep at around $1, then it will be very stable. But they have been tag as having a shady practice in the last 2 years or so. Heck we don't know if they have a back-up of all coins or just doing fractional reserves.

I'm speculating that it won't affect the price of bitcoin though, if there is, just minor and we won't see any dumps (or pumps). Let Bitfinex and Tether handle their case against NY Attorney's general and see how it goes.

What you're saying isn't that easy. You're talking as if you could fall in a day.
Yes, Tether's always a suspicious thing. But we must admit that the biggest stable coin, which still impacts on the market, is Tether. In this case, the value is hard to drop too far. Yes it may fall but not so easy.

I don't believe there is a 100% stable coin even the faint money which are centralized drop in value from time to time on the exchange, so tether as a stable coin is called still remains a currency and cryptocurrency for that matter can drop below the stable price because of the place of volatility in the crypto market and I don't think tether drop in price have direct impact on the price of bitcoin because their are two different coins.

What the heck are you talking about? Did you not observe the manner in which BTC value fell recently below $5k and recovered thanks to Bitfinex and Tether controversy? The altcoin market does affect Bitcoin to an extent and the reverse is also true.

History has proven that which is why you need to do your research.

I have always said that Tether is a disaster waiting to happen and I am almost sure that sooner or later it will crash hard and disappear (as in drop to 0 and be worthless not a small value like $0.5!). but I am not yet convinced that bitcoin should even be affected by that because bitcoin has nothing to do with Tether, and it doesn't even need it!!!
when was the last time you heard someone say I am going to buy bitcoin with Tether! that is stupid because they first have to had converted their fiat to Tether and then use Tether to buy bitcoin. so why not buy bitcoin with fiat and save on a lot of fees?

price being affected temporarily is a different scenario though. because the short term effects are always due to FUD and newbie panics combined with whales taking advantage of them.

of course it isn't stable forever. it operates like a central bank backing money at a fixed exchange rate. fundamentally it is a currency based on faith. if funds are seized or tether is unable to process fiat withdrawals to its customers, that faith will definitely be shaken. we've seen USDT fall to the $.80s before and i reckon it could go lower if more news keeps coming out like this.

tether imploding would probably send the market tumbling for a while because it would be a huge hit to the ecosystem, but in the immediate aftermath we might see exit pumps into crypto as people flee from USDT.

Failing of tether doesn't mean anyhting for bitcoin. Only the fud it create would harm bitcoin's price for a short term. In long term tether is just an altcoin nothing more.

I do not think tether value of 1:1 to USD is sustainable and I actually doubt if it is really backed as what they said.  We have seen that Bitcoin is almost unaffected by these news.  There is no major downtrend of the price and it seems that Bitcoin recovers quickly.

nothing in this life is stable forever , especially in such a volatile market as cryptocurrencies
Tether can drop and it has been dumped on numerous occasions , not much but it was a drop nonetheless
its function is similar to the gold standard - when everything is good , the price is stable or growing
but any collision ( or collusion ) could see it price plummet
this should not affect btc much , although the grand 2017-2018 price rise is often attributed to Tether and the shenenigans behind it

It's a token, not an altcoin, this two are different in meaning.

The fall of any altcoin/token don't have any connection to manipulate the ups and down of bitcoin, but the fall and ups of bitcoin could do some effect on this coins.

Concerns surrounding Tether have plagued the cryptocurrency markets for well over a year, but Bitcoin’s relatively small drop that ensued after the latest development may signal growing fundamental strength behind BTC. Even though the market has dropped and bitcoin prices have plummeted, some experts suggest that the Tether scandal has revealed that Tether does have large cash reserves to support stake 1:1 with the US dollar.

there is the real possibility that sooner or later the value of the tether undergoes variations, but i do not believe that the value of the btc is directly connected to this, the btc also has also other important markets (stablecoin)...

The crypto ecosystem is a decentralized system which is made up of possibilities.  It is highly possible that the market value of Tether can $0.5 or lesser, but the decrease in the value of Tether can't have any kinda significant influence on the market price of Bitcoin. The market value of Bitcoin has no specific thing or crypto coin that has a direct influence on its price.

I still feel Tether is a stable coin in the past also Tether faced similar situations in parents some investigations Tether came out fair. it may come out clean in present investigation probably be positive Tether will recover

Yes, it did affect the price but the market has bounce back ever since.

I don't think that Tether would be stable for long term. Well, at least the community see it that way since they launched and a lot of questions and doubts about their true value. Now they are under investigations and it's just about time that they answer what happened to $850 million and where did it go.

I thought, some banks decided to stop cooperation with banks, because they knew that Tether had many mysteries, like one of the banks in Poland.

I am sure, that Tether will not decrease drastically, Tether always replaces inventory on the market. so, Tether will always be stable. and maybe down a little.

actually people are misunderstanding things (mostly because of FUD) when it comes to Tether and bitcoin price. the fact is if (and when) tether disappears bitcoin price will drop (as we see recently with the problems that Bitfinex is facing, and as we saw in 2016 when Bitfinex got hacked) but it won't be because bitcoin relies on Tether or its price is rising because of that (both of these are FUD). the only reason why price drops is because of the drama that it causes in the market and that creates panic and people sell when struck by fear in this market.

If Tether and Bitfinex will collapse...How can BTC price react??

It could be bad... After last news about possible fraud the BTC price has dropped in only an hour. Here you have some analysis on BlockChain24.co (https://www.blockchain24.co/did-bitfinex-and-tether-make-an-850-m-fraud-bitcoins-price-goes-down/?utm_source=forum&utm_medium=referral&utm_content=did-bitfinex-and-tether-make-an-850-m-fraud-bitcoins-price-goes-down%2F) but we can't be sure how this situation will develop in near future

I really don't understand how FUD can be defined as a public court.
It is really inexplicable how the cryptosphere totally ignores the warnings of an incoming disaster.
How can the disappearance of 900 million dollars be defined as FUD?
How can FUD be defined as a legitimate request for a court investigation?

Tether is 80% of transactions, to define as "irrelevant" for the purposes of the value of Bitcoin its possible insolvency is irresponsible.

Tether is not stable, and it still changes from time to time. I don't think that tether will drop too far because I see that if the tether is going to go down, it will be back to the last price and it's stable again.
Maybe you can analyze by yourself so that you can find the right answer.
Tether is more stable than the other coin so that coin will be good to hold if you are afraid to see the changing of the price for each coin.

Tether going below $1 means that there's lost confidence in the crypto or Bitfinex, otherwise there should basically be no reason for people selling Tether at anything more than a very, very marginal discount. If it's being sold at higher than a dollar, there's a premium for it (as it'll only reliably return $1 USD). It's stable because it's like trading a backed currency with a very tangible value. That's the only reason why it stays within such a close benchmark and avoids a majority of volatility within the market. Right now, you could make about a $5 profit for every $1000 of Tether you own. Just as an interesting observation.

Bitcoin is the gold standard for cryptos; rarely will there ever be a case where Bitcoin is impacted by an altcoin going down, aside from Bitcoin maybe going up. If Tether collapses, it likely wouldn't do anything negative to Bitcoin.

We don't think what happen in the future. Tether is good stable coin because there are different stable coins in the market but people highly trusted and more using this coin. Actually Tether highly used instead of BTC trading. Sometimes value falling below 1$ which time was Fud for hype many bad news.

Tether could go low even its a dollar pegged token. There are examples out there which were supposed to be stable but didn't. If that case happens with tether, there would be no effect on Bitcoin prices due to it.

It is a centralized cryptocurrency in this market and since they have complete rights over this coin they will never miss the profits by freezing it. This is not a bank froze your coins completely to make profit for bank. If they do obviously they will face loss only.
It is a stable coins but it use to fluctuate little value so still this is the best stable coin in the market.

No. The last time USDT crashed, Bitcoin exploded and went up, seeing 25-30% gains on most exchanges, mostly because people are forced to exit tether. You are forced to ''sell'' Tether for Bitcoin and so you will sell your tether (buy bitcoin) at any price, essentially you are pumping the market because of it, again, that's what happened last time.

Tether is one of the most solid and stable coin out there. Because it's usually paired against Bitcoin and other tokens, it's acceptance rate has shot up more than 95% of other coins. During the days of pow bitcoin price, a lot of traders converted BTC to USDT and when BTC got Stabler, they changed back.

The issue behind Tether is that as more people transfer holdings to USDT, Tether has to “print” or create more tokens and put them in circulation. As long as the company has the fiat assets to back that up, there’s no cause for concern. And obviously, they have those assets, right?

Yeah – about that. While Tether certainly claim to have almost $3 billion USD required to back up USDT, the lack of transparency on that claim is a major cause for concern. Tether recently dissolved the relationship between them and their third party auditor, and have stated that they can’t reveal their account balance due to issues with the US government. Unfortunately I can't trust 100% on that.

USDT is likely backed almost completely, scams are something that is all-too-frequent within the crypto community, but I don't think that anyone would be able to cover up $3B disappearing, or a company not maintaining the $3B required to back the currency. Now it is concerning that Bitfinex was using their USDT to cover up a bunch of lost crypto value, and that might have an impact on the trust that's still in USDT. Hopefully, they can find another auditor so that everyone can retain their confidence and we won't have to go through another coin collapsing.

USDT is ingenious in one way while also being extremely concerning considering the conditions of its existence. There's no real way to decentralize a backed currency, and that's the only major pitfall I can see with USDT. Time will tell if we're going to be scammed once again or if they'll pull through. Currently, it looks like it'll be the latter, at least for now.

It's not improbable that Tether will go as low as OP said. It could even go lower. Even bitcoin, to think that it's the crypto king, experiences such massive dump. And even Forex, fiats experience extreme highs and lows. Remember that Tether is backed by fiat, so almost-no-value dump is also possible with Tether. Well, there's truly no certainty in this crypto sphere. So better exercise extra caution when trading.  

One big reason for this is that many are still using Tether as a stable coin though there are now many newcomers out to get their share of the lucrative market. However, am sure that with Tether's many big problems soon things can go spiral and there can be an exodus of users to other much better stable coins. Not unless, of course, if the people behind Tether can be able to successfully fixed their problems.

no its not  . bitcoin is the king of all cryptos and bitcoin is not an altcoin but its the main cryptocurency  .


no one knows what the future holds for bitcoin .  for now yes bitcoin is still the king but we will never know in the future  , maybe some crypto will be verry indemand and it will de throne bitcoin in the number one spot  .


tether is a stable coin and stable coins means they have fix value so its steer clear that they are not a competitor to bitcoins  . bitcoin and tether are partner's in a crime because tether saves the value of bitcoin from the hazards of volatility  .

I don't use USDT for long term storage. I use it for trading in the short term, mainly to avoid jumps. And then I have time to make a decision.

I think the answer in this question is quite obvious. Bitcoin, of course. Tether is nothing more than the American dollar and now it acts simply as a stabilizing currency. In addition, Tether’s market capacity is limited to providing real money, and judging by the latest checks, Tether’s provision of real currency is somewhere between 73-75%. This means that I would no longer strongly trust this organization. They behave like banks. They do not have full procuring of which they declared. Bitcoin has limited emission and cost of bitcoin forms the market. It suits me more than a dollar, which in 2019 is not secured except the words of the head of the federal reserve bank.

Tether is just another cryptocurrency, not a USD. So it could happen anything like as others cryptocurrency. BTC value doesn't depend on Tether value anyway. So the Tether price could drop.

There is no effect if Tether suddenly drops to $ 0.5 or more. Now there are many stablecoins that have started to emerge and are ready to replace the role of Tether. Besides, the BTC value is absolute and the benchmark is USD, not Tether. Tether appears as a stablecoin that can be moved from one exchange to another or one wallet to another in a safe and fast way without a complicated process.

I don't think Bitcoin's value depends on any other crypto currencies either its a stable or a coin with flexible values. Bitcoin as a mother of crypto currency stood firm with its growth from the beginning. Tether and other stable coins have come up benefiting traders on maintaining its value stable. Tether named as a stable coin and wonder if its value would either fall down or move up.  

Tether could drop to $0.75 or $0, it all depends on whether it is fully backed or they can make people believe so. I would not hold large amounts of tether because it has always been a shaddy operation.

I believe if that happens Bitcoin price will rise instead dropping since some of the Tether users might wanna move to Bitcoin instead since it's a better, more reliable stable coin.
Just like it happened before it can happen again.

But i don't think it will drop just because of some other alt coin drops his price. That's just some typical conclusions without concrete evidence.

USDT was always backed by real US dollars. The issue was not about Bitfinex was printing money from nothing. This is fud sensationalized by the bitcoin news media. The real issue is Bitfinex have their $850m taken by a questionable money processor and Bitfinex covered the loss with real US dollars from their Tether fund without informing their users and investors.

you sir are a genius, nikola tesla is that you?
https://www.youtube.com/watch?v=LLpIMRowndg

that is only one of the many problems with Tether but the main problem will always remain the same thing: the fact that Bitfinex has never been capable of proving that USDT was actually backed by real USDs and that creates a certain level of shadiness both about this coin and the company.
besides at the end of the day Tether is still centralized and that means it has a huge risk since if something happens to that company the value of the coin drops to zero immediately.