Bitcoin and Tether?

[BitcoinPanther]

Do you Tether is stable forever? I dont think so, What if Tether drop to 0.5$ or 0.1$? what will be happen to BTC price if Tether drop to 0.5$?

I do not think tether value of 1:1 to USD is sustainable and I actually doubt if it is really backed as what they said.  We have seen that Bitcoin is almost unaffected by these news.  There is no major downtrend of the price and it seems that Bitcoin recovers quickly.

[veleten]

nothing in this life is stable forever , especially in such a volatile market as cryptocurrencies
Tether can drop and it has been dumped on numerous occasions , not much but it was a drop nonetheless
its function is similar to the gold standard - when everything is good , the price is stable or growing
but any collision ( or collusion ) could see it price plummet
this should not affect btc much , although the grand 2017-2018 price rise is often attributed to Tether and the shenenigans behind it

[bL4nkcode]

Failing of tether doesn't mean anyhting for bitcoin. Only the fud it create would harm bitcoin's price for a short term. In long term tether is just an altcoin nothing more.

It's a token, not an altcoin, this two are different in meaning.

The fall of any altcoin/token don't have any connection to manipulate the ups and down of bitcoin, but the fall and ups of bitcoin could do some effect on this coins.

[rahmatullah9305]

Concerns surrounding Tether have plagued the cryptocurrency markets for well over a year, but Bitcoin’s relatively small drop that ensued after the latest development may signal growing fundamental strength behind BTC. Even though the market has dropped and bitcoin prices have plummeted, some experts suggest that the Tether scandal has revealed that Tether does have large cash reserves to support stake 1:1 with the US dollar.

[bitcoin-shark]

there is the real possibility that sooner or later the value of the tether undergoes variations, but i do not believe that the value of the btc is directly connected to this, the btc also has also other important markets (stablecoin)...

[Youghoor]

The crypto ecosystem is a decentralized system which is made up of possibilities.  It is highly possible that the market value of Tether can $0.5 or lesser, but the decrease in the value of Tether can't have any kinda significant influence on the market price of Bitcoin. The market value of Bitcoin has no specific thing or crypto coin that has a direct influence on its price.

[blockchainwriters]

I still feel Tether is a stable coin in the past also Tether faced similar situations in parents some investigations Tether came out fair. it may come out clean in present investigation probably be positive Tether will recover

[Yaunfitda]

Failing of tether doesn't mean anyhting for bitcoin. Only the fud it create would harm bitcoin's price for a short term. In long term tether is just an altcoin nothing more.

Yes, it did affect the price but the market has bounce back ever since.

I don't think that Tether would be stable for long term. Well, at least the community see it that way since they launched and a lot of questions and doubts about their true value. Now they are under investigations and it's just about time that they answer what happened to $850 million and where did it go.

[Cuk0ng_bitc0in]

I thought, some banks decided to stop cooperation with banks, because they knew that Tether had many mysteries, like one of the banks in Poland.

I am sure, that Tether will not decrease drastically, Tether always replaces inventory on the market. so, Tether will always be stable. and maybe down a little.

[Herbert2020]

Failing of tether doesn't mean anyhting for bitcoin. Only the fud it create would harm bitcoin's price for a short term. In long term tether is just an altcoin nothing more.

Yes, it did affect the price but the market has bounce back ever since.

actually people are misunderstanding things (mostly because of FUD) when it comes to Tether and bitcoin price. the fact is if (and when) tether disappears bitcoin price will drop (as we see recently with the problems that Bitfinex is facing, and as we saw in 2016 when Bitfinex got hacked) but it won't be because bitcoin relies on Tether or its price is rising because of that (both of these are FUD). the only reason why price drops is because of the drama that it causes in the market and that creates panic and people sell when struck by fear in this market.

[fucilator_3000]

If Tether and Bitfinex will collapse...How can BTC price react??

[Nawrod]

If Tether and Bitfinex will collapse...How can BTC price react??

It could be bad... After last news about possible fraud the BTC price has dropped in only an hour. Here you have some analysis on BlockChain24.co but we can't be sure how this situation will develop in near future

[CryptoReggae]

I really don't understand how FUD can be defined as a public court.
It is really inexplicable how the cryptosphere totally ignores the warnings of an incoming disaster.
How can the disappearance of 900 million dollars be defined as FUD?
How can FUD be defined as a legitimate request for a court investigation?

Tether is 80% of transactions, to define as "irrelevant" for the purposes of the value of Bitcoin its possible insolvency is irresponsible.

[traderethereum]

Do you Tether is stable forever? I dont think so, What if Tether drop to 0.5$ or 0.1$? what will be happen to BTC price if Tether drop to 0.5$?
I think Tether bank account could be frozen by Central bank mafia.

Tether is not stable, and it still changes from time to time. I don't think that tether will drop too far because I see that if the tether is going to go down, it will be back to the last price and it's stable again.
Maybe you can analyze by yourself so that you can find the right answer.
Tether is more stable than the other coin so that coin will be good to hold if you are afraid to see the changing of the price for each coin.

[Yakamoto]

Do you Tether is stable forever? I dont think so, What if Tether drop to 0.5$ or 0.1$? what will be happen to BTC price if Tether drop to 0.5$?
I think Tether bank account could be frozen by Central bank mafia.

Tether is not stable, and it still changes from time to time. I don't think that tether will drop too far because I see that if the tether is going to go down, it will be back to the last price and it's stable again.
Maybe you can analyze by yourself so that you can find the right answer.
Tether is more stable than the other coin so that coin will be good to hold if you are afraid to see the changing of the price for each coin.

Tether going below $1 means that there's lost confidence in the crypto or Bitfinex, otherwise there should basically be no reason for people selling Tether at anything more than a very, very marginal discount. If it's being sold at higher than a dollar, there's a premium for it (as it'll only reliably return $1 USD). It's stable because it's like trading a backed currency with a very tangible value. That's the only reason why it stays within such a close benchmark and avoids a majority of volatility within the market. Right now, you could make about a $5 profit for every $1000 of Tether you own. Just as an interesting observation.

Bitcoin is the gold standard for cryptos; rarely will there ever be a case where Bitcoin is impacted by an altcoin going down, aside from Bitcoin maybe going up. If Tether collapses, it likely wouldn't do anything negative to Bitcoin.

[Spider A4]

Do you Tether is stable forever? I dont think so, What if Tether drop to 0.5$ or 0.1$? what will be happen to BTC price if Tether drop to 0.5$?
I think Tether bank account could be frozen by Central bank mafia.

Tether has went below $1 before and possibly it could go lower in future, but price action might continue to make it $1 as people believe that its supposed to be $1.

We don't think what happen in the future. Tether is good stable coin because there are different stable coins in the market but people highly trusted and more using this coin. Actually Tether highly used instead of BTC trading. Sometimes value falling below 1$ which time was Fud for hype many bad news.

[kurian]

Tether could go low even its a dollar pegged token. There are examples out there which were supposed to be stable but didn't. If that case happens with tether, there would be no effect on Bitcoin prices due to it.

[jvdp]

Do you Tether is stable forever? I dont think so, What if Tether drop to 0.5$ or 0.1$? what will be happen to BTC price if Tether drop to 0.5$?
I think Tether bank account could be frozen by Central bank mafia.

It is a centralized cryptocurrency in this market and since they have complete rights over this coin they will never miss the profits by freezing it. This is not a bank froze your coins completely to make profit for bank. If they do obviously they will face loss only.
It is a stable coins but it use to fluctuate little value so still this is the best stable coin in the market.

[XinXan]

Failing of tether doesn't mean anyhting for bitcoin. Only the fud it create would harm bitcoin's price for a short term. In long term tether is just an altcoin nothing more.

Yes, it did affect the price but the market has bounce back ever since.

actually people are misunderstanding things (mostly because of FUD) when it comes to Tether and bitcoin price. the fact is if (and when) tether disappears bitcoin price will drop (as we see recently with the problems that Bitfinex is facing, and as we saw in 2016 when Bitfinex got hacked) but it won't be because bitcoin relies on Tether or its price is rising because of that (both of these are FUD). the only reason why price drops is because of the drama that it causes in the market and that creates panic and people sell when struck by fear in this market.

No. The last time USDT crashed, Bitcoin exploded and went up, seeing 25-30% gains on most exchanges, mostly because people are forced to exit tether. You are forced to ''sell'' Tether for Bitcoin and so you will sell your tether (buy bitcoin) at any price, essentially you are pumping the market because of it, again, that's what happened last time.

[Thermytee]

Tether is one of the most solid and stable coin out there. Because it's usually paired against Bitcoin and other tokens, it's acceptance rate has shot up more than 95% of other coins. During the days of pow bitcoin price, a lot of traders converted BTC to USDT and when BTC got Stabler, they changed back.