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/

[1715563138]

1715563138

[1715563138]

1715563138

[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.