Could Tether Bring Down Bitcoin?

[Ailmand]

Tether only relies on bitcoin at times so how could it bring down Bitcoin? Bitcoin has passed all the tests of time in crypto world so I think no coin like tether could bring it down. In fact, more investors are into bitcoin more than tether since they could see how it developed and how it grows continuously.

[bebekangsoo]

Tether only relies on bitcoin at times so how could it bring down Bitcoin? Bitcoin has passed all the tests of time in crypto world so I think no coin like tether could bring it down. In fact, more investors are into bitcoin more than tether since they could see how it developed and how it grows continuously.

no, Bitcoin cannot be destroyed by anyone and so far Bitcoin cannot be defeated.
Bitcoin will get better and many are attracted to it, they know the advantages of Bitcoin, so they trust Bitcoin at some point in the future to soar.
so it's not easy for other coins to drop Bitcoin.

[coin-investor]

I don't think it's going to be, there are so many coins in the market that threatened to bring down Bitcoin but we have seen the other way around, Tether and other coins in the market are being considered to bring or beat down Bitcoin but all their price still depend on Bitcoin's status in the market.

[Mac_Doson]

I think this will be difficult, even though there is actually an opportunity for that because in any Cryptocurrency it can happen. Bitcoin is the king of cryptocurrency, with the highest value and strong trust from the public, for this reason it will be difficult for coins to defeat Bitcoin. The crypto market to a whole different height altogether. As per the predictions and analysis, Bitcoin stays securely to number one position, without any close contender. Gradually, Bitcoin will be seen more as a store of value, along with it being an alternative currency.

[Script3d]

Bitcoin and tether have some differences and the reason why bitcoin is more popular than tether because bitcoin is decentralized, and you don't need to give out your personal information to use the product, and also privacy which lightning offers right now, meanwhile tether is centralized compare to bitcoin they can make changes whenever they want, also tether is not connected to bitcoin so it can't do anything with its price.

[Ngewex Yuk]

In my opinion Tether is only a complement to crypto, it will not replace or defeat bitcoin, the price that does not change certainly makes anyone make Tether the best payment alternative, but it will not make investors put in large amounts.

[Nivia1st]

The last time Tether crashed, it pushed Bitcoin's price up a lot, so no, it will not bring bitcoin down, perhaps it will push Bitcoin up like the last time.

yes you're right, tether won't work but this can make bitcoin better. when the tether falls it makes bitcoin better. and it is impossible for tether to rise, because he is a stable coin. so whatever happens to the tether will make bitcoin and altcoin good.

[BCTS]

In my opinion, Tether coins cannot have a strong impact on the value of BTC. This is only possible when the market is clearly moving up or down and Tether manipulation only enhances the effect and pushes the price of Bitcoin in the right direction due to sharp spikes. People in such situations panic and begin to act on the occasion of the market.

[trash321]

Perhaps this is the way many people say that now the USDT prints like a machine is a digital electronic money. Therefore, BTC infusions are very similar to a bubble. Which inflates and deflates very quickly.

[befriendmywater]

"Fiat-backed stablecoins are therefore rarely actual cryptocurrencies, which causes them to inherit their main characteristics and shortcomings from the centralised banking system. Ultimately, they function in the same manner as fiat, backed by what amounts to an IOU."

"There is a theory that stablecoins such as Tether have been used both to stabilise and manipulate Bitcoin’s price, especially during the 2017 Bitcoin bull run."

"What is important to remember, is that any asset may appear stable until it suddenly isn’t."

Really interesting read by crypto CEO = https://medium.com/@DDhopn/stablecoins-3b93b4f1ddc5

For a stablecoin, when it does, its value will go down and it will increase the price of the BTC. Stablecoin cannot automatically add value to any news, so Bitcoin is always more profitable. so the Tether theory can bring down bitcoin completely wrong.

[BubbleBoiler]

Perhaps this is the way many people say that now the USDT prints like a machine is a digital electronic money. Therefore, BTC infusions are very similar to a bubble. Which inflates and deflates very quickly.

Ideally a more transparent stablecoin can replace Tether and Bitcoin becomes less volatile with time

[BigMoneyShrapnel]

The last time Tether crashed, it pushed Bitcoin's price up a lot, so no, it will not bring bitcoin down, perhaps it will push Bitcoin up like the last time.

yes you're right, tether won't work but this can make bitcoin better. when the tether falls it makes bitcoin better. and it is impossible for tether to rise, because he is a stable coin. so whatever happens to the tether will make bitcoin and alt[Suspicious link removed]d.

But if Tether isn't really backed by USD, surely you're just pumping fake money into Bitcoin which essentially creates a bubble like the housing market? I don't believe it will bring Bitcoin down as nothing ever has, but Tether definitely isn't healthy for the crypto economy.

[bustedsynx]

I don't think so. While many exchanges are relying on BTC/USDT trading volumes. I believe it is entirely just a hedge for price declines. BTC/USD (the real fiat pair) is still the one traders look into and the real indicator of the market's health. You can also include other fiat/btc pairs.

Besides, money pours in from fiat and where do you see that happen? BTCUSD.

[Napole0n]

People make coins, of course, ambitious to become number # 1 and replace bitcoin, Tether is a fantastic token because it is easily accepted by anyone, but I'm not sure I can replace bitcoin in the near future.

[XCANA]

Tether was said caused the down fall of Bitcoin but the reverse was the case as the fall of Tether causes the price of Bitcoin to surge. There was a speculation in 2017 about Tether be the cause of Bitcoin surge but was not, rather it was the credit card that did the surge. Tether has no power to bring down Bitcoin.

[cribusen]

I do not believe that stable coins can have an effect on the whole crypto currencies industry. Those coins were created for only one purpose, to stay out of the market and to keep your funds on an exchange. Furthermore, nobody will invest in those coins, because they are not showing any price difference within time.

[shiming]

Bitcoin is unlikely to be replaced now, and Bitcoin is now a big market capitalization. There are many people who know it. I have heard a lot of other altcoins to replace Bitcoin, but they have failed. So I don't quite believe Bitcoin is replaced by Tether.

[zgrdyg]

If they print fake tether that can pump bitcoin also if tether turned out to be scam bitcoin can take a hit. But tether can't bring down bitcoin, it is not possible in my opinion.

[Gab20]

Tether is also a  coin, but a stable coin. Some people buy it to withhold the value of their money, without any form of increase or decrease in amount. So I do not expect that there would be anyone who will intentional waste his money in order to risk pumping or dumping of bitcoin with what he has. As a matter of fact, an individual cannot get that done with his tether.

[mangsitin]

Tether is also a  coin, but a stable coin. Some people buy it to withhold the value of their money, without any form of increase or decrease in amount. So I do not expect that there would be anyone who will intentional waste his money in order to risk pumping or dumping of bitcoin with what he has. As a matter of fact, an individual cannot get that done with his tether.

Yes, Tether will always have price stability at any time, because this coin is designed to stabilize prices to have the same value as USD, so Tether is very difficult to fight Bitcoin.