JayJuanGee
Legendary
Online
Activity: 3836
Merit: 10813
Self-Custody is a right. Say no to"Non-custodial"
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:20:49 PM |
|
You do recall the chart of the size of tether as compared with all of the cryptos, correct?
I don't have the link right now, but anyhow tether is a very small fraction of this total crypto space
The correct comparison is not marketcap to marketcap, it's Tether marketcap to BTC market DEPTH. Come back when you've checked that ratio out. Pardon my ignorance but, what's the current market depth of USDT vs BTC to go 50% up/down? Where could I check it? Bitserve.. don't get distracted by toknormal's nonsensical assignment. S/he/it has the burden to show this kind of information if s/he/it believes the information to be relevant to his extraordinary proclamations.... otherwise, s/he/it is just playing hide the ball and/or making claims about information that does not exist. S/he/it is making an assignment for us to run around and to find supposed proof to rebut when s/he/it is making the nonsense arguments... and likely such information is really not available anyhow because it is very difficult to show exactly the amount of BTC traded across so many exchanges, and OTC and if s/he/it had such information, then s/he/it should present such evidence to us and describe how it is supposedly relevant to the claims being made.
|
|
|
|
toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:23:49 PM |
|
Further, you already provided a link to a scam article, and like I said the dead horse beaten subject has been floating around for more than 6 months LoL ! Well I only hope you're right cos I'm long BTC you may be interested to know, being one of those "going down with the ship" people. However, I can add up and you seem not to be able to so that's the explanation for the matter not "going away" since you were looking for one. What exactly is "scam" about that article anyway ? you failed to meet your burden to show facts and/or logic to convince me The bitstamp market depth to $10k right now is around $10 million dollars. The Tether marketcap is around $2.2 BILLION. On a slow day, Tether may "print" a cool $25 million which doesn't cost them a dime. So contrary to your assertion that Tether isn't "jeopardising our lovely honey badger", the fact of the matter is it can eat bitcoin's price for breakfast anytime it wants.
|
|
|
|
|
bitcoinPsycho
Legendary
Offline
Activity: 2604
Merit: 2322
$120000 in 2024 Confirmed
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:26:54 PM |
|
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIO7chIz.gif&t=665&c=bQS0Ke2hsitgvg) yes
|
|
|
|
|
Phil_S
Legendary
Offline
Activity: 2104
Merit: 1521
We choose to go to the moon
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:28:36 PM |
|
Steady on, lads. If you buy all the bitcoins on the exchanges, there won't be enough left to share them round equally.
Communist! ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
|
|
|
|
bitserve
Legendary
Offline
Activity: 1834
Merit: 1477
Self made HODLER ✓
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:28:55 PM |
|
The bitstamp market depth to $10k right now is around $10 million dollars. The Tether marketcap is around $2.2 BILLION. On a slow day, Tether may "print" a cool $25 million which doesn't cost them a dime.
So contrary to your assertion that Tether isn't "jeopardising our lovely honey badger", the fact of the matter is it can eat bitcoin's price for breakfast anytime it wants.
Wait... you are comparing public order book market depth of BTC on a SINGLE exchange (and single currency pair) to full marketcap of Tether while also assuming it is 100% unbacked? So much for comparing apples to oranges! I am not sure that is a fair comparison.... If you would just vaguely say that "in case Tether is unbacked it could have an undetermined impact on BTC price", that statement would be right though.
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2618
Merit: 3402
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:30:12 PM |
|
Here we go? 11k in the weekend?
|
|
|
|
bitcoinPsycho
Legendary
Offline
Activity: 2604
Merit: 2322
$120000 in 2024 Confirmed
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:30:45 PM |
|
Here we go? 11k in the weekend?
confirmed
|
|
|
|
Dakustaking76
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:31:19 PM |
|
Cho cho chooooooo fuckerssssss ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2618
Merit: 3402
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:32:20 PM |
|
Business Insider, hm. I wonder if this is a $500 article or a $1000 article. In other terms, has it been paid 0.055 or 0.11 BTC?
|
|
|
|
toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:36:24 PM |
|
Wait... you are comparing public order book market depth of BTC on a SINGLE exchange (and single currency pair) to full marketcap of Tether while also assuming it is 100% unbacked?
I am not sure that is a fine comparison.... If you would just vaguely say that "in case Tether is unbacked it could have an undetermined impact on BTC price", that statement would be right though. It doesn't matter if it's 100% backed, fractional or zero reserve. I don't really care. What matters is the proportion of bitcoin's valuation which is occupied by counterparty risk and liquidity. If the valuation is market backed, that's one thing. If it's backed by a single counterparty then it's slowly turning it into a type of bond who's value basis depends more on the fate of a lone corporate entity registered in the Virgin Islands than anything else. Think of it like the market version of a 51% mining attack. (Except with faked hashrate that didn't cost any electricity). If I was an adversarial government institution wanting to "take down" bitcoin I can think of worse ways to do it.
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2632
Merit: 12792
BTC + Crossfit, living life.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:44:18 PM |
|
exciting for the new poll prices ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) specialy during such pumps
|
|
|
|
bitserve
Legendary
Offline
Activity: 1834
Merit: 1477
Self made HODLER ✓
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:45:43 PM |
|
Wait... you are comparing public order book market depth of BTC on a SINGLE exchange (and single currency pair) to full marketcap of Tether while also assuming it is 100% unbacked?
I am not sure that is a fine comparison.... If you would just vaguely say that "in case Tether is unbacked it could have an undetermined impact on BTC price", that statement would be right though. It doesn't matter if it's 100% backed, fractional or zero reserve. I don't really care. What matters is the proportion of bitcoin's valuation which is occupied by counterparty risk and liquidity. If the valuation is market backed, that's one thing. If it's backed by a single counterparty then it's slowly turning it into a type of bond who's value basis depends more on the fate of a lone corporate entity registered in the Virgin Islands than anything else. Think of it like the market version of a 51% mining attack. (Except with faked hashrate that didn't cost any electricity). If I was an adversarial government institution wanting to "take down" bitcoin I can't think of a much more effective way to do it. I don't agree with that. If it were unbacked yes, it would have an (undetermined) impact for sure. But, if it is BACKED, it doesn't really matter if it goes south (ie: funds seized by government)... It will sink Tether holders, not BTC. The thing that matters the most is if it was a REAL growth (backed) or an artificial/inflated one (unbacked).
|
|
|
|
rjclarke2000
Legendary
Offline
Activity: 1358
Merit: 1016
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:46:04 PM |
|
|
|
|
|
JimboToronto
Legendary
Offline
Activity: 4130
Merit: 4766
You're never too old to think young.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:46:12 PM |
|
Looks like this rally has slowed for now. Back to bed for me.
See y'all at noon.
|
|
|
|
HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:46:42 PM |
|
|
|
|
|
toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:47:51 PM |
|
I don't agree with that. If it were unbacked yes, it would have an (undetermined) impact for sure.
But, if it is BACKED, it doesn't really matter if it goes south....The thing that matters the most is if it was a REAL growth (backed) or an artificial one (unbacked).
It's unbacked. You can take that as a given.
|
|
|
|
vroom
Legendary
Offline
Activity: 1304
Merit: 1682
a Cray can run an endless loop in under 4 hours
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 14, 2018, 12:48:16 PM |
|
-chart-
what do we see here? please comment your chart for newbies like me.
|
|
|
|
mymenace
Legendary
Offline
Activity: 1596
Merit: 1061
Smile
|
-chart-
what do we see here? please comment your chart for newbies like me. trendline breaking
|
|
|
|
|