TETHER 'PRINTED' 250,000,000 USD, WILL BITCOIN PRICE RISE?

[Osakrita]

Tether released a statement that they received a deposit of 250,000,000.00 and as such created new tethers.Will this have a positive impact on the price of bitcoin?
https://bitcoinist.com/tether-grant-250-million-usdt-bitcoin/

[nonconformist]

There is something here. Probably bitcoin will be affected by this move. However, why on earth they will be "printing" 250M USD Tether if they are not going to do anything about it. Probably something will happen. And this will affect the price of BTC. Can someone please explain how?

[KingScorpio]

Tether released a statement that they received a deposit of 250,000,000.00 and as such created new tethers.Will this have a positive impact on the price of bitcoin?
https://bitcoinist.com/tether-grant-250-million-usdt-bitcoin/

tether has become the FED of the cryptoindustry that still calculates and thinks in usd

tether is not 100% backed anymore since it was hacked once and 35 million usdt where stolen

its not even backed with usd, most risky fiat worldwide. its just a token calling itself usdt.

as long as people will continue to use coinmarketcap and its cryptoranking it will stay useable though.

something i have to stop need to use a better index filtration system.

regards

[fiulpro]

Offcourse that's a good sign but there is one thing that we cannot be sure of and that is they will use the money to buy Bitcoins that we know but what if it's used to buy some other cryptocurrency? There is nothing that could really prevent that. I do think that it's a good sign but for whom that's not really sure, also it's on them when to buy they simply can wait for the price to get even more down than today so that they will be able to gain Maximum profit. Because of this news now we know how benificial the holding will be .

[dothebeats]

It could mean something but as of the moment, I doubt that there would be any serious implication towards the market given that the bears are still in control. Most likely there's something looming over the horizon that's why they printed a lot of tether, but I wouldn't take it seriously as of now. It could be another stunt or claim to publicity but given the capabilities of Tether in the market right now, this just gives the bears more reason to dump hard on the market and make the people convert first for the bears to buy all the cheap coins.

[KingScorpio]

some while ago i opened a topic in which i explained how tether has a much higher power to influence the bitcoin price than other means like propaganda, marketing, pump and dumpo promises

and here it is

https://bitcointalk.org/index.php?topic=3369538.msg35304920#msg35304920

[xTz]

A real tether coin will have value of 1$ stable only if customers that buy tether will pay with dollar and that dollar will be deleted from fiat circulation and never use him.
This a hint for governments how they gonna make fiat national currencies. They create digital dollar coin, and for every dollar exchanged, that dollar will be removed from financial market. Embrace the future !

[dutchkay]

Those guys have been good at manipulating prices with Tether, who knows what they are up to this time around. Last bull run, I believed they played a vital role in it. Some might see it as good thing but it's really bad. Manipulating market in your favor will always have a negative side on it later.

[mk4]

It could be. Though I really don't know for sure.

Here's an interesting tweet by Charlie Lee (Litecoin founder):

Tweet link: https://twitter.com/SatoshiLite/status/1011253070821408770

[xTz]

Basically they counterfeit dollar bills . It should be against the law if you ask me. They take 1 dollar fiat, and they create 1 dollar digital, but they use both.

[ranman09]

It could be. Though I really don't know for sure.

Here's an interesting tweet by Charlie Lee (Litecoin founder):

Tweet link: https://twitter.com/SatoshiLite/status/1011253070821408770

USDT sounded like a real token to me, ICO stage?. Well, I think it will somehow affect bitcoin price. But it will not be enough.

[mk4]

It could be. Though I really don't know for sure.

Here's an interesting tweet by Charlie Lee (Litecoin founder):

Tweet link: https://twitter.com/SatoshiLite/status/1011253070821408770

*snip*

USDT sounded like a real token to me, ICO stage?. Well, I think it will somehow affect bitcoin price. But it will not be enough.

🙃

USDT is a coin that's supposedly tethered to the USD. So 1 USDT = 1 USD. It's a coin that's mostly used by traders. Obviously very new to the cryptocurrency space eh? I have no idea how you reached full member without even knowing what USDT is.

https://tether.to/
https://www.youtube.com/watch?v=2XHYkaSemqc
https://www.youtube.com/watch?v=kyQfGsYDcnw

[KingScorpio]

Basically they counterfeit dollar bills . It should be against the law if you ask me. They take 1 dollar fiat, and they create 1 dollar digital, but they use both.

they are supposed to store those, usdollar savely, and they use 2 banks in china one in hong kong other one i am not sure, to keep those usdollars save, its ridiculous.

[BrewMaster]

no it won't have any effect and it never had any effects not now and not before and not ever in the future. it may have contributed to some hype last year since people kept repeating the same bullshit so people speculating a rise because of new Tether coins bought bitcoin and price went up.

but the funny thing is they have been printing Tether like always but it only hits the news now. you just found one of many cases and so far even during the drops they have been printing new USDT and price still dropped. and during rise they printed new USDT and price still rose.

in short market is doing its thing with or without tether.

[KingScorpio]

no it won't have any effect and it never had any effects not now and not before and not ever in the future. it may have contributed to some hype last year since people kept repeating the same bullshit so people speculating a rise because of new Tether coins bought bitcoin and price went up.

but the funny thing is they have been printing Tether like always but it only hits the news now. you just found one of many cases and so far even during the drops they have been printing new USDT and price still dropped. and during rise they printed new USDT and price still rose.

in short market is doing its thing with or without tether.

of course it can have a propagandistic effect, the price of bitcoin is considered in USDT as well, more usdt used to buy bitcoin can fake a higher bitcoin price. it will still not make bitcoin acceptable and it will still be questionable which type of communal usdollar you get for it, also the usa is dissolving with many regional currencies emerging, (ohio dollar, virginia dollar) etc.

usa might become same like soviet union and no one things anymore hat money is valuable

regards

[Flomo]

very good news, I hope it will bring good impact for bitcoin development, hopefully this will be the first step of the expected answer.

[stompix]

Basically they counterfeit dollar bills . It should be against the law if you ask me. They take 1 dollar fiat, and they create 1 dollar digital, but they use both.

They can't use both .
If they take the $ from somebody they must give them the usdt.
If there is no such person and they print it out of thin air, then there is no $ at all.

tether is not 100% backed anymore since it was hacked once and 35 million usdt where stolen
its not even backed with usd, most risky fiat worldwide.

Well, I thought the bolivar, the rubble, the Turkish lira, the Zimbabwean dollar, the peso and so on are riskier.
Good to know, going to change my 100$ bill to some truck full of ZW$.

[onnz423]

It really doesn't matter how many USDT there are in existence, the price is just pegged to $1 regardless. I guess this was due to the micro-fluctuations people were seeing leading to 1 USDT being worth slightly more or less than 1 USD, which is completely against the concept of Tether to begin with.

[Mpamaegbu]

I don't see why that has got anything to do with Bitcoin more than other cryptocurrencies. Bitcoin isn't the only crypto tethered. So, why is bitcoin singled out to benefit from that increase is what beats me. Pumping so much as 25million tether into the market may even crash the price of tether beyond recovery. I don't think this is in a way good.

[ubay]

I suggest you be careful for the future, maybe it will aka pump & dump USDT with another pair coin. If that happens I hope it does not affect the bitcoin.

[xTz]

@stompix
I mean both parties will use both dollars, fiat dollar in this case will be used by usdt platform owners, and digital dollar will be used by person who bought from tether company. So, this should spark some bulbs in ur mind, ofc you need a mind to see this  (when i say "you" i don't mean you stompix, more like you (users))

[coin_gambler]

Tether released a statement that they received a deposit of 250,000,000.00 and as such created new tethers.Will this have a positive impact on the price of bitcoin?
https://bitcoinist.com/tether-grant-250-million-usdt-bitcoin/

I don't know why would that actually make the price of the bitcoin surge. The fact that they created more tether doesn't mean that more money will be poured into bitcoin. It's just there to give it to the people who want to sell btc isn't it?

[franky1]

Basically they counterfeit dollar bills . It should be against the law if you ask me. They take 1 dollar fiat, and they create 1 dollar digital, but they use both.

they are supposed to store those, usdollar savely, and they use 2 banks in china one in hong kong other one i am not sure, to keep those usdollars save, its ridiculous.

google brock pierce scandal
google brock pierce bitcoin foundation resignatons
google brock pierce tether

[xTz]

Since inception of tether i knew this won't gonna finish good for founder. In a normal society this should be severely punish by law makers. How he is billionaire if he don't use those dollars? You sure he have every dollar in company's bank account ? How they pay their workers? Isn't somehow paying with investor's money?

[September11]

Tether released a statement that they received a deposit of 250,000,000.00 and as such created new tethers.Will this have a positive impact on the price of bitcoin?
https://bitcoinist.com/tether-grant-250-million-usdt-bitcoin/

This is very interesting, it is suggesting that BTC may bottom any moment and someone is planning a huuuge buy.

[franky1]

This is very interesting, it is suggesting that BTC may bottom any moment and someone is planning a huuuge buy.

it could also mean that exchanges are locking up their real fiat into the tether fed reserve. and getting tether bearer bonds in return
meaning its not a buy thats about to buy coin. but an exchange just swapping real fiat for tether so they can arbitrage with othr exchanges in the background = no change

[pooya87]

This is very interesting, it is suggesting that BTC may bottom any moment and someone is planning a huuuge buy.

it could also mean that exchanges are locking up their real fiat into the tether fed reserve. and getting tether bearer bonds in return
meaning its not a buy thats about to buy coin. but an exchange just swapping real fiat for tether so they can arbitrage with othr exchanges in the background = no change

i seriously doubt that an exchange owner would bother with arbitrage trading between exchanges since the profit is already too small and most of the time near impossible to be any. there are much easier ways of earning money with the money you have including pumping the coins listed on their exchange, investing in some other altcoin and pumping it on some other exchange,...

[pushups44]

So far, there is no rise, but once the bull market resumes it could propel the market higher, as that money flows into bitcoin and other cryptocurrencies. With a combined market cap over only several hundred billion dollars, that money could fuel another spectacular run.

[tailor.and]

This may affect bitcoin rise. I think the price may get increase very soon.

[stompix]

@stompix
I mean both parties will use both dollars, fiat dollar in this case will be used by usdt platform owners, and digital dollar will be used by person who bought from tether company. So, this should spark some bulbs in ur mind, ofc you need a mind to see this  (when i say "you" i don't mean you stompix, more like you (users))

And?
The user that bought usdt is free to do whatever he wants with those, that's why he paid them $.
As for Thether Bitfinex, if they do other than securing those $ in their vault, then the trust in thether should go down ...but we don't see anything like this on the market.

Don't get me wrong, I dislike the concept of an artificially pegged currency from all my heart but as long at there is trust in that usdt that indeed it is worth $, there is nothing you can complain about it.

 

[thomascrypto61]

250 million USD is not a small amount. If tether really has printed this amount of USD then definitely it can make a move and affect the bitcoin.

[barota]

Last time when tether printed Also a huge sum , Prices have fallen a lot ..We may also see another dump this time again

[pauline_78]

It’s a great news for this project. We all know bitcoin is a great project for invest. Bitcoin maintains their performance from the beginning. That’s why its demand is too much high. For this reason price also increasing.

[Herbert2020]

how many more times bitcoin price has to go down for people to stop believing in the Tether FUD?

don't get me wrong, Tether is one of the shadiest coins out there but the FUD that i am talking about is the FUD that kept telling people that bitcoin price was rising because of Tether and it printing new coins every now and  then. it had nothing to do with that and for the past 6 months we are seeing this with undeniable facts.

[RawDog]

google brock pierce scandal
google brock pierce bitcoin foundation resignatons
google brock pierce tether

What's the problem?  $250M out of thin air from a bullshit company - that can't go bad - right?  The stupidity of the community to have let it gone on this long is the only amazing thing remaining.  While it appears like Bitcoin is still 'alive' - it is not.  $2.7 billion dollars are gone and never coming home.  Once people figure out how this is going to hit them personally, it is the very end of Bitcoin.  Fortunately, Ethereum is mostly about function and far less about scam like Bitcoin/Tether.  What a joke.

[arthotdog]

Tether released a statement that they received a deposit of 250,000,000.00 and as such created new tethers.Will this have a positive impact on the price of bitcoin?
https://bitcoinist.com/tether-grant-250-million-usdt-bitcoin/

250,00,000$ is just a small part of market cap,and i think it wont even give a movement for crypto market

And what has this to do in bitcoin if tether is the one who printed th investment

If 10 volume like this will be investing then maybe it would affect the market price and may bring good growth for bitcoin

[qiman]

Bitcoin will not rise in the near future and analysts predict it will fall over the next two weeks down to 5.3k support levels and many miners now have already switched off their machines and so mining soon will not be profitable at this rate, so only the top miners who can afford it will mine for the rewards and many smaller miners will be priced out. I do not know thereon if we go down to 4k or even 2k USD but we are not in a bull run any time soon that is for certain.

[mimi4994]

Maybe this is good news and will make btc prices increase in the coming time.

[Herlina]

I think it will have an impact to Cryptocurrencies that pairs with Tether especially Bitcoin but not only positive effects, it can also have negative effects if the allegations about Tether manipulation in this market is true, previously Tether has released 300 million tokens at March 2018 and now, they release 250 million tokens, that means they print 550 million tokens in just a few months, I think that's a sufficient amount to make a big impact on this market

[Kakmakr]

I say, it will have no influence at all. It is potentially 250 000 000 USD that could have been invested into Bitcoin, but NO it is invested into a token that needs USD backing. 

There is zero evidence that this is an exercise in preparation to digitize the USD to buy bitcoins. To me this is bad news and to people thinking that this is good news... 

[sufiasyl]

The crypto market is fully infected for price based on this situations btc and other altcoins are also infected and this price problem is happening because of demand and supply also this patent will help btc to increase their price also this may effect on the full market.

[musta5a]

Tether released a statement that they received a deposit of 250,000,000.00 and as such created new tethers.Will this have a positive impact on the price of bitcoin?
https://bitcoinist.com/tether-grant-250-million-usdt-bitcoin/

I'm just trying to understand the business model behind the stable coins. Why would I invest 250 m into something which doesn't give me any ROI at all? There is something I don't get

[PhantasmRisk]

That's a good news. Maybe it affects the price of Bitcoin. In the previous month a slight change in the price of Bitcoin was noticed due to Tether.

[xTz]

Tether released a statement that they received a deposit of 250,000,000.00 and as such created new tethers.Will this have a positive impact on the price of bitcoin?
https://bitcoinist.com/tether-grant-250-million-usdt-bitcoin/

I'm just trying to understand the business model behind the stable coins. Why would I invest 250 m into something which doesn't give me any ROI at all? There is something I don't get

This coin is not made to get ROI, it is made for ease of trading other crypto without need to exchange fiat money to crypto, so the fees from banks transfers will be eliminated. If you would have a digital dollar you can exit crypto market without involve any bank. The coin itself don't have any return of investment. The ideea is good, the implementation is illegal . Make sense now?

[September11]

This is very interesting, it is suggesting that BTC may bottom any moment and someone is planning a huuuge buy.

it could also mean that exchanges are locking up their real fiat into the tether fed reserve. and getting tether bearer bonds in return
meaning its not a buy thats about to buy coin. but an exchange just swapping real fiat for tether so they can arbitrage with othr exchanges in the background = no change

i seriously doubt that an exchange owner would bother with arbitrage trading between exchanges since the profit is already too small and most of the time near impossible to be any. there are much easier ways of earning money with the money you have including pumping the coins listed on their exchange, investing in some other altcoin and pumping it on some other exchange,...

Even though everything is possible, I'm inclined to think that its' not money from other exchanges. Exchanges are so rich by now that they would probably not waist energies for adding some little gains.

[stompix]

This is very interesting, it is suggesting that BTC may bottom any moment and someone is planning a huuuge buy.

it could also mean that exchanges are locking up their real fiat into the tether fed reserve. and getting tether bearer bonds in return
meaning its not a buy thats about to buy coin. but an exchange just swapping real fiat for tether so they can arbitrage with othr exchanges in the background = no change

i seriously doubt that an exchange owner would bother with arbitrage trading between exchanges since the profit is already too small and most of the time near impossible to be any. there are much easier ways of earning money with the money you have including pumping the coins listed on their exchange, investing in some other altcoin and pumping it on some other exchange,...

I doubt there is trading involved too, but for the same reasons as franky1
My opinion is that most likely they have already some agreements in place between them already so they can profit from every pump and dump or when the spread is becoming too big and they exchange coins and funds and that people using trading bots are getting screwed by those algorithms.

I just hope they don't trigger dumps just for this reason alone.
If this is indeed done with the help of usdt, then we should really start praying it doesn't pop

Slowly but surely I'm losing the last trace of faith I had in any exchange.

I say, it will have no influence at all. It is potentially 250 000 000 USD that could have been invested into Bitcoin,

Or eth or eos...who knows 

[DarrinEspacio]

This is really a good news for btc users of course this price will increase based on this patent also the price of btc will increase and predictors are predicting that the price of btc will increase this December also this price may double based on this it’s the best time to invest.

[ranman09]

It could be. Though I really don't know for sure.

Here's an interesting tweet by Charlie Lee (Litecoin founder):

Tweet link: https://twitter.com/SatoshiLite/status/1011253070821408770

*snip*

USDT sounded like a real token to me, ICO stage?. Well, I think it will somehow affect bitcoin price. But it will not be enough.

🙃

USDT is a coin that's supposedly tethered to the USD. So 1 USDT = 1 USD. It's a coin that's mostly used by traders. Obviously very new to the cryptocurrency space eh? I have no idea how you reached full member without even knowing what USDT is.

https://tether.to/
https://www.youtube.com/watch?v=2XHYkaSemqc
https://www.youtube.com/watch?v=kyQfGsYDcnw

I'm just saying what USDT looks for me, like a token, an alternative. I did use USDT before to escape downtrend on some of my coins.

[Aleshia696]

It could have some good impact over the market. Though I am not sure. But it will have an impact whether positive or negative.

[MichaelMiranda]

this can be something and I feel that it can also affect the bitcoin market, still manipulating with the price can be risky and bring negative sides but it is a unpredictable place so we can't do much about this

[allthebitandbobs]

the market is so manipulated now just waiting for the that bull run to get out . 250 million  maybe more waiting there to pump the market when ever the whales feel like .There just waiting for all the suckers who bought at 20k to sell then they will start the the whole cycle again.

[valentine401]

Tether released a statement that they received a deposit of 250,000,000.00 and as such created new tethers.Will this have a positive impact on the price of bitcoin?
https://bitcoinist.com/tether-grant-250-million-usdt-bitcoin/

If there are more fiat then the price in the market will be decreasing because the volume is high, maybe bitcoins will grow even more since because people can use more usd in their country to invest.

[stompix]

Well, I must say that this price rise and the printing of tether just a few days before are starting to look like too much of a coincidence.

Never liked the tether concept, I don't plan on ever using it and if they are the ones behind this pump it won't make things better. I'm still hoping on the coincidence scenario but .....

If there are more fiat then the price in the market will be decreasing because the volume is high, maybe bitcoins will grow even more since because people can use more usd in their country to invest.

Fiat entering exchanges is making the price drop because there is higher demand and the price will decline but it will grow because fiat is .....?