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

[muslol67]

Hi everyone,

I've read lots of articles explaining that one of the major reasons of the run to $20,000 back in 2017 was the money machine printer known as Tether (USDT). What do you think it will happen this time regarding this?

I ask based on tweets like this:

https://twitter.com/Stami_/status/1115217112262483969

Thanks!

Tether was one of the most important actors in the previous season. However, this is not enough to explain the whole walk of bulls. There were many reasons for futures, FOMO and more.

There are dozens of stable coins in the market today. I'm sure we'd be over 100K right now, if Tether had caused it alone. So don't too much from Tether. Bitcoin halving is coming. 2020 May, we will experience new halving. It is more important then Tether.

[MortalCrypto]

There are many stablecoins now, so they will push btc up again. But of course USD equivalents are not the main power, as that's the cycle power that drives assets down and up.

[muslol67]

There are many stablecoins now, so they will push btc up again. But of course USD equivalents are not the main power, as that's the cycle power that drives assets down and up.

I guess there's something you don't understand. Tether can make things easier on the road to bull rise, but it cannot be the only reason for bull rise.

[pushups44]

Today there isn't just one but many stablecoins, so there is plenty of fiat ready to be dumped into the market once traders sense the bull market is back. There is also increased institutional investment. Given how small the total market cap of cryptos is, it won't take much to pump this market past its all-time highs.

[figmentofmyass]

I've read lots of articles explaining that one of the major reasons of the run to $20,000 back in 2017 was the money machine printer known as Tether (USDT). What do you think it will happen this time regarding this?

I ask based on tweets like this:

https://twitter.com/Stami_/status/1115217112262483969

back in 2013 it was "the willy bot". then in 2017 it was "the tether printer". same shit, different day!

these conspiracy theories about price pumping are irrelevant. at best they could only ever catalyze latent bullishness that would have bubbled up eventually anyway. they could never sustain a pump for the better part of a year, distributed across global spot and OTC markets! what matters is that real people were paying bubble prices for sustained periods of time. and more than that, price never returned to pre-2013 and pre-2017 levels.

the people who blame tether for the 2017 bubble are mostly nocoiners who are looking for any reason to explain away the bullishness of the bitcoin market. after 10 years of bull, they're still trying.

[CoinCodex]

Bitcoin's price trend still remains bullish, despite we could experience some small drops in the days to come.

https://coincodex.com/article/3374/bitcoin-ethereum-ripple-price-analysis-xrp-lags-behind-crypto-market-as-btc-and-eth-hit-new-2019-highs/

[niisarearning]

I was closely watching market while 2017 bull run happened towards 20000$ . Th emain reason was BCH hardfork success and bitcoin jolders got free BCH it had value more than 1000$ . Then after 2 forks announces one is BTG and another one is segwit2x . People started to invest on this heavily because they will get free 2 coins . It was the actual market hype once bitcoin reached 10000$ it became talk of the town . Rest we seen . Whales took their profit and disappeared . Innocent and greedy people were trapped.

[blockchaincroatia23]

Check this:

https://news.bitcoin.com/new-report-blames-tether-for-bitcoins-bull-run/

this topic has  been bouncing around in my head during the last  week, why do the articles love to ascribe to stablecoin' influence.
I read about this quite detailed report, but even researchers aren't sure that there is a correlation between BTC changes and USDT. it certainly gained its place among crypto, cause traders use it a lot, but nothing else.
however could be connection between altcoins (market full of them now!) and continuing  the bear market and I wish I would find nice report about it.

[tegarp90]

Hi everyone,

I've read lots of articles explaining that one of the major reasons of the run to $20,000 back in 2017 was the money machine printer known as Tether (USDT). What do you think it will happen this time regarding this?

I ask based on tweets like this:

https://twitter.com/Stami_/status/1115217112262483969

Thanks!

I think that's not the main reason why bitcoin was all time high 20k.
There are much bigger reason and one of the because lending ICO with super ROI and ended scam, and that's why the price dropped so much also

[TravelMug]

Hi everyone,

I've read lots of articles explaining that one of the major reasons of the run to $20,000 back in 2017 was the money machine printer known as Tether (USDT). What do you think it will happen this time regarding this?

I ask based on tweets like this:

https://twitter.com/Stami_/status/1115217112262483969

Thanks!

They are not the reasons why the price of bitcoin hits almost $20k in 2017.

There are a lot of positive news like Japan entering the picture and the main catalyst, CBoE and CME offering bitcoin future contracts, that really push the price because everyone jump on the hype eventhough the market is already on a bubble and waiting to be burst.

Tether has nothing to do with it, probably this is just another FUD to confused people specially noobs investors.

[michellee]

Hi everyone,

I've read lots of articles explaining that one of the major reasons of the run to $20,000 back in 2017 was the money machine printer known as Tether (USDT). What do you think it will happen this time regarding this?

I ask based on tweets like this:

https://twitter.com/Stami_/status/1115217112262483969

Thanks!

I think that's not the main reason why bitcoin was all time high 20k.
There are much bigger reason and one of the because lending ICO with super ROI and ended scam, and that's why the price dropped so much also

I don't think it's because of the ICO exploding that makes bitcoin increase higher. We are only guessing with what happens in 2017, and we don't know what exactly was happening. There are many speculations about the rise of bitcoin in 2017 and the next bull run, and I guess that no one will know what the main reason for the surge of cryptocurrency in the future is. Let's enjoy the moment in the next bull run and take your profit as much as you can.

[zuziekatee]

According to some research I did , I saw that the 2017 bull run wan majorly anchored by credit card , bitcoin fork and then maybe the presence of USDT. The bull run that everyone is expecting will come in a new dimension and be influence by different factors like the ETF news, major countries legalizing bitcoin and new Site Ayo of conducting initial coin offering(ICO).

[Yara1]

Indeed we can not over look the place of events in the price of bitcoin, but the fact still remains that events can only influence the market when there is an enabling environment that is people and businesses ready to accept bitcoin and at this time there are more events and high number of business ready to accept bitcoin so I will say in no time from now the next bull run will be here again.

[Carrelmae10]

Hi everyone,

I've read lots of articles explaining that one of the major reasons of the run to $20,000 back in 2017 was the money machine printer known as Tether (USDT). What do you think it will happen this time regarding this?

I ask based on tweets like this:

https://twitter.com/Stami_/status/1115217112262483969

Thanks!

..i don't think that tether plays a major part in the bull run of Bitcoin price in the year 2017..it is just so happen that the demand on Bitcoin arises much that time so many people invested and buy Bitcoins for there is a continous price hike,,although the use of tether gives an effect on Bitcoins bull run,,because some investors uses credit cards to purchase btc..if sooner or later,,when there is a big demand on Bitcoin and many would again invest and but Bitcoi,,then the possible bull run on the following days will occur again..

[Siren]

Bitcoin is gaining momentum for the next bull run which this time will be in real greenbacks.

The next bull run is THE bull run, in U$ cash.

The Fed keeps printing dollars, China keeps printing Yuan, Europe keeps printing euros. They've printed U$ 300 trillion in debt that nobody's gona pay.

The next banker-created crash will make Bitcoin into digital gold.

Atleast theres a more positive reply from this tether thread lol

I believe that bitcoin can mooning without tethers interventions as we need are investors ,i mean Real investors that will trust crypto all the way and not just to profit and leave

                                      ~snip~

I think that's not the main reason why bitcoin was all time high 20k.
There are much bigger reason and one of the because lending ICO with super ROI and ended scam, and that's why the price dropped so much also

That’s another answer mate,those damn scammers brings this market to the lowest and that must be stopped

[MortalCrypto]

I was closely watching market while 2017 bull run happened towards 20000$ . Th emain reason was BCH hardfork success and bitcoin jolders got free BCH it had value more than 1000$ . Then after 2 forks announces one is BTG and another one is segwit2x . People started to invest on this heavily because they will get free 2 coins . It was the actual market hype once bitcoin reached 10000$ it became talk of the town . Rest we seen . Whales took their profit and disappeared . Innocent and greedy people were trapped.

I agree with you, but if we look from the objective point of view, people who let emotions rule them shouldn't trade. Greed kills trading.

[Kemarit]

Check this:

https://news.bitcoin.com/new-report-blames-tether-for-bitcoins-bull-run/

LOL. Did you actually read that news? It was old, the author penned it in June 2018. This article is posted to debunked the previous related news in February 2018 Study Finds Little Correlation Between Tether Printing and Bitcoin's Price. So there's a lot of arguments from both side, but based on the sentiments of this community, I see a consensus that Tether doesn't have that huge power or influence in the price movement of Bitcoin.

[manok jepang]

According to the analysis published by the New York Times, June 13, 2018, a study blamed Tether who was involved in manipulating Bitcoin prices in 2017.
Half of the increase in Bitcoin prices in December 2017, when the cryptocurrency reached a high of $ 20,000. Explicitly because of Tether's actions. The researchers used an algorithm to analyze blockchain data. They found that buying with Tether was given a deadline after the market slumped and resulted in a considerable increase in the price of Bitcoin.

[Treckmountaoin4day]

Not that I'm a fan of Tether, but in recent years I have heard so many rumours on it, and it still works. It seemed to me it was mostly FUD.

[livingfree]

Demand would make the market on bull and there will be no any other help from tether just like what happened 2017. Institutional money will come in and/or they're already in the market taking their own stash, building their own portfolio's and waiting now for the game. The market would usually grow as it is and bitcoin will eventually surpass the high's that we have reached last time. Money will flow in and it's all due that we're near to halving.