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Author Topic: TETHER 'PRINTED' 250,000,000 USD, WILL BITCOIN PRICE RISE?  (Read 239 times)
xTz
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June 27, 2018, 10:50:13 PM
 #21

@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 Smiley  (when i say "you" i don't mean you stompix, more like you (users))
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coin_gambler
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June 27, 2018, 10:56:11 PM
 #22

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?
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June 28, 2018, 12:22:57 AM
 #23

Basically they counterfeit dollar bills Smiley . 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

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June 28, 2018, 12:32:43 AM
 #24

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? Smiley You sure he have every dollar in company's bank account ? How they pay their workers? Isn't somehow paying with investor's money?
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June 28, 2018, 12:45:37 AM
 #25

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.

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June 28, 2018, 12:56:17 AM
 #26

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

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June 28, 2018, 03:31:53 AM
 #27

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,...

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June 28, 2018, 03:38:32 AM
 #28

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.
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June 28, 2018, 12:54:54 PM
 #29

This may affect bitcoin rise. I think the price may get increase very soon.
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June 28, 2018, 01:51:05 PM
 #30

@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 Smiley  (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.

 

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June 28, 2018, 08:48:05 PM
 #31

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.
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June 28, 2018, 09:28:20 PM
 #32

Last time when tether printed Also a huge sum , Prices have fallen a lot ..We may also see another dump this time again
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June 28, 2018, 11:55:01 PM
 #33

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.
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June 29, 2018, 05:31:41 AM
 #34

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.

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June 29, 2018, 05:38:00 AM
 #35

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.


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June 29, 2018, 05:39:45 AM
 #36

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
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June 29, 2018, 05:50:30 AM
 #37

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.


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June 29, 2018, 06:27:24 AM
 #38

Maybe this is good news and will make btc prices increase in the coming time.
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June 29, 2018, 07:08:06 AM
 #39

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

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June 29, 2018, 07:21:48 AM
 #40

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.  Roll Eyes

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...  Roll Eyes

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