Usdt usdc and btc price

[cryptoboss2020]

Sorry but btc price really depends on Only how many stable coins been minted and used to buy bitcoins with big buy orders.

So we can say Bitcoin price comes from the mercy of the USDT 😀

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[GreatArkansas]

I don't think so.
If particular stable coin is being minted, it does not mean it will automatically will buy Bitcoin. There are lot of cryptocurrencies out there, and not all stablecoins are use to buy Bitcoin or other cryptocurrencies. That's why I believe that it's not how the market works. Bitcoin price not depends only on how many stable coins are being minted.

[cryptoboss2020]

I don't think so.
If particular stable coin is being minted, it does not mean it will automatically will buy Bitcoin. There are lot of cryptocurrencies out there, and not all stablecoins are use to buy Bitcoin or other cryptocurrencies. That's why I believe that it's not how the market works. Bitcoin price not depends only on how many stable coins are being minted.

Well but look like now I starting to undestood btc price
Its a pure usdt mercy or other stable coins becouse exchangers algo reads the actual price but this price is done by stable coins buy and sell orders now I start to undestood

[Innerpumper]

Not. Bitcoin has an initial goal of making transactions easier, without stablecoins there are still fiat that can be converted. Stable coin, meanwhile, is a join from the concept of bitcoin that stable USDT that duplicates the concept of bitcoin. 

[arbiter5]

Let me guess, you also think China controls Bitcoin and that Bitcoin is only for criminals?

[pooya87]

No it is not.
Every now and then people find some random thing to say "bitcoin price depends on that thing". It has been all kinds of things too countries, governments, exchanges, services, banks, altcoins, tokens, pandemics,... None of them have ever been true.

Ask yourself this: Where was X when price went up 10000% from $0.01 to $1 or where was X when price went up 10000% from $1 to $100 and so on? (X stands for the thing you have in mind that think price depends on it).

If we take a closer look at stable coins to be specific this new nonsense, they are all popular in altcoin market not bitcoin. Bitcoin major markets consist of bitcoin/fiat pairs not bitcoin/stableshitcoin markets. And the majority of stablecoin volume like USDT comes from altcoin exchanges, so if anything altcoin prices depend on stablecoins.

[pakhitheboss]

Stable coin are scam for me especially USDT. There is no difference between a stable coin and Fiat both can be minted as and when needed by the centralized authority.

Bitcoin price is never dependent on some stable coin. There are lot of factors involved in it but certainly not a stable coin. The whole existence of stable coin is a myth and those who depend on them would understand when one of these coins vanishes from the market.

[witcher_sense]

Sorry but btc price really depends on Only how many stable coins been minted and used to buy bitcoins with big buy orders.

So we can say Bitcoin price comes from the mercy of the USDT 😀

Stablecoins are just one of the tools with which we can measure the value of bitcoin. According to your way of thinking, nothing has value, even gold, if there are no dollars to express value. Obviously, it is a misrepresentation of facts. You know sometime in the past, people would measure the price of dollars in terms of gold weight. We can express the value of bitcoin in grams or ounces of gold too, and it is going to be a more correct measurement because the supply of gold grows slower than that of dollars.

https://www.xe.com/currencycharts/?from=XBT&to=XAU
https://www.buybitcoinworldwide.com/bitcoin-price-in-gold/

Real bitcoin price is when one representative of sound money is measured in terms of another representative of sound money.

[jossiel]

Sorry but btc price really depends on Only how many stable coins been minted and used to buy bitcoins with big buy orders.

So we can say Bitcoin price comes from the mercy of the USDT 😀

That's an absurd description for the price mover of bitcoin. We can conclude that those minted stable coins do really have a contribution to its price but it doesn't fully depend on those and trend have changed a lot this time. We're not anymore living in 2017 where Tether minted a lot.

How about those institutions that are buying millions worth of bitcoin? they did used stable coins for buying it?  and everyone that's buying bitcoin with the use of cash and other pairs of bitcoin for trading it, not the stable coins.

[aTriz]

Stable coin are scam for me especially USDT. There is no difference between a stable coin and Fiat both can be minted as and when needed by the centralized authority.

this is not a valid reason to call them a scam. just because they are capped with dollar price. and other similar features. do you think fiat currencies are scams?

Bitcoin price is never dependent on some stable coin. There are lot of factors involved in it but certainly not a stable coin. The whole existence of stable coin is a myth and those who depend on them would understand when one of these coins vanishes from the market.

don't know about all Stable coins. but few major stable coins are not going anywhere any soon. they are doing great in market and millions of dollars are put on them (from their devs). they'll not vanish just like that. I at least have some faith in USDT and BUSD (Binance stable coin)

[davis196]

Man,why are you so obsessed with stablecoins?
Are promoting them?Did you invest thousands of dollars into USDC and USDT and you want to get some profit(which is impossible)?
Were you scammed by a stablecoin project?
Stablecoins are just a tool inside the crypto exchange platforms.The traders use that tool to keep their capital in a non-volatile asset for a while.
There are theories about stablecoins having influence over the Bitcoin price,but I think it's the opposite.The Bitcoin price has influence over the quantity of stablecoins created and used on the crypto markets.

[cryptoboss2020]

The bitcoin price went up with big usdt buy orders thats fact.
Instutions bought with cash but fiat transactions usually otc.

So bitcoin price depends on if the inside exchangers there is big buy or sell orders.

The bitcoin price not really connected with wallets like Coinbase luno and other small wallet services people buy btc from there with fiat with debit credit paymemts this type of transactions has no influence over the price.

The bitcoin price comes from the buy and sell orders on the Main exchangers like kraken, binance polo,  hobioi... And others.
The buy and sell orders are with mostly USDT.

I CAN'T BELIVE I HAVE TO EXPLAIN THIS EVEN!!

[Leviathan.007]

Considering we are talking about the crypto market and USDt,BTC,USDc and all of them are just a part of this market, they are linked to together the the dump and pumping the price of the stablecoins will not effect bitcoin market too much because bitcoin is much bigger and these stablecoins can not effect the bitcoin market in long time. Maybe if the USDT stablecoins dump we will see bitcoin to fall in very short short time but in long term, this won't effect that much.

[babuB]

USDT market cap went up from 4bn to 20bn within 12 month.
I don't believe this is backed by USD.
What could be the reason to print that many Tether? As of now I tend to believe this was used to push the price up and collect money (current situation) by selling back at this higher price while people draw lines in charts believing they do something that is clever in 2020 or believe there is still a 'new 2017' event happening that will push bitcoin way beyond the ATH.

[cryptoboss2020]

USDT is the influencer of the btc price, period!
So USDT is the King.

We need to look the facts. It dont matter if its backed by REAL usd or not. The fact that USDT MINTED AND USED TO BUY BTC SHOWS THAT 2017 USDT WAS used to push up btc price.

Its a fact

[DarkDays]

I don't think so.
If particular stable coin is being minted, it does not mean it will automatically will buy Bitcoin. There are lot of cryptocurrencies out there, and not all stablecoins are use to buy Bitcoin or other cryptocurrencies. That's why I believe that it's not how the market works. Bitcoin price not depends only on how many stable coins are being minted.

Totally agree with you on this. The fact that some one can say that BTC is at the mercy of stablecoins its preposterous.

Clearly this person hasn't been around long enough to notice that USDT is not the only way to buy BTC. There are lots of other ways to purchase BTC- first you can buy BTC with other cryptos, you can also get it with fiat and even in some cases be paid directly in BTC. These are only a few ways that come to mind right now.

[mindrust]

Not just that. Check the trading pairs with most trading volume. It is BTC/USDT or USDT/whatever.

Way less people trade their real dollars for crypto.

[babuB]

I don't understand your opinion

As far as I am concerned, easy:
1. Print 16bn fantasy-money that ppl believe in
2. Buy/Trade BTC with that 16bn, let the price go up
3. Have people post-rationalize the rising price and let them draw lines in their charts and stuff and support news talking about 300k+ price and have nobody believe it will stop at around 20k
4. Sell everything you bought for around 20k within a month to the people who believe BTC goes to moon soon
5. Eventually market gets saturated and price goes down again, but now you are some billion USD richer

[cryptoboss2020]

I don't understand your opinion

As far as I am concerned, easy:
1. Print 16bn fantasy-money that ppl believe in
2. Buy/Trade BTC with that 16bn, let the price go up
3. Have people post-rationalize the rising price and let them draw lines in their charts and stuff and support news talking about 300k+ price and have nobody believe it will stop at around 20k
4. Sell everything you bought for around 20k within a month to the people who believe BTC goes to moon soon
5. Eventually market gets saturated and price goes down again, but now you are some billion USD richer

Your are allmost right here but i think once the people start to cash out their profits in usdt its not a problem but problem might be that USDT to Exchange in to real money and thats problem becouse the USDT can never meet the demand

Then it comes the  factor that  USDT can be frozen. To freeze its nothing else then just to hide that there is not enough fiat currency to Exchange all the USDT. 


But if the instutions bought with huge money well they dont exit before they get maximum profit.
If they bought btc price when was around 17-19k
Well they want at least  50% profit from their Investment.  they have to calculate together with Federal reserve how much liqutity they will put into markets so they can calculate their exit point.

To take this in consideration USDT might work together with SEC and Federal reserve.



Last thing id like to say im not stupid im educated and I see things clearly.
The bitcoin is dirty business and we dont know when someone decide to pull the trigger and exit.

While the Central banks provide world with big money we have nothing to worry about.
So my exit point will be 2021 december im going to sell some% becouse 2022 might be little dip and then it will continuo bull run until 2024-2025 becouse until 2025 the fed will keep the intrests rates low.

Conclusion: just know when to enter and when to exit