What will happen in the new bullrun without the past huge power of Tether?

[aad140386]

I think the USDT just became popular during the bear market and not bullish. When thousands of people tried to take profits in the dollar but did not withdraw money from the exchanges in the hope that growth would soon begin again. Then it simply became popular among traders who actively traded it in relation to other cryptocurrencies. And the growth of cryptocurrency to the USDT in general has nothing to do. In any case, I personally do not see any connection.

[KennyR]

I think the USDT just became popular during the bear market and not bullish. When thousands of people tried to take profits in the dollar but did not withdraw money from the exchanges in the hope that growth would soon begin again. Then it simply became popular among traders who actively traded it in relation to other cryptocurrencies. And the growth of cryptocurrency to the USDT in general has nothing to do. In any case, I personally do not see any connection.

I too have the same belief that there is no relation with USDT on the bull market. Recently when the price of bitcoin was to make a big step forward there was a big issue with Bitfinex and tether. If USDT was to make some impact on the growth, by that time there shouldn't be any growth with bitcoin. In reality the forward marching happens unlike the negative things happening all around.

[pokermaniacxxx]

I do not think that tether can somehow affect bitcoin, it is not powerful enough for this. In addition, btc is the largest coin on the market and I doubt that anything at all can greatly affect it.

[shoreno]

I do not think that tether can somehow affect bitcoin, it is not powerful enough for this.

Tether is a powerful token and it does affect the values of bitcoin and other cryptos because investors and traders do also buy and sell stable coins such as tether on a regular basis so that they can secure their profit from the hazards of unstability  .

In addition, btc is the largest coin on the market and I doubt that anything at all can greatly affect it.

Not all can affect bitcoin . Your right ,bitcoin is the largest coin and bitcoin is the one that can affect other coins the most  .

Bull run will always happen with or without the help of stable coins  , that is for sure .

[uray]

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.

Future market was a major factor in the bull as well as tether was instrumental in pumping the price so high, during 2017 there were a lot of tether being created without any valid proof on that they are fully backed by dollars, if there is any market downfall then tether will be the main reason for that and i feel that something big is coming that could wipe the market by a big margin. Credit card usage were there, but that was not the main reason for the big rally, it was minuscule when compared to the amount of tether being created during that time.