/biz/ - Business & Finance

>>25962194
I thought exactly the same

>>25962194
They would buy BTC with USDT, before the orderbook is wiped which won't cause the BTC/USD price to rise.

>>25962194
I'm thinking this too.

>>25962194
I suppose the demand for bitcoin will fall eventually without the tether support but the institutional investment through greyscale seems like it’ll more than make up for it.
Tether fudders are retards

>>25962194
>Certified idiot here. Can someone explain why, if the tether FUD is true, it wont cause a big pump?
55% of all Tether was printed in the last 8 weeks. There goes the institutions meme.

>>25962194
>>25962212
if usdt is unbanked and a scam (don’t really think it’s that bad) people will pull their btc from usdt/btc pairing and no usdt will flow into btc
people will however sell btc into usd causing btc to fall
however, like I said - I doubt tether is that bad

>>25962194
Yeah didn't this happen a year or two back? Can't remember exactly but there was an issue with tether and BTC pumped like fuck for the day

>>25962315
Delete this image

Might cause a temporary rise, but if it actually turns out the whole market was manipulated, you can imagine the implications for the future of crypto. No way that the SEC won't regulate or flatout ban it.

>>25962327
Except institutions are buying. Probably because their researches stumbled upon the vision of crypto while they see the governments printing trillions with no hesitation. Tether is just another form of fiat which does nothing but advertise the strength of scarce deflationary crypto.
>>25962338
Yes, lots of people feared tether in 2017. It didn’t matter and when BTC did dump it had nothing to do with tether.
>>25962346
No
>>25962353
Governments can only regulate fiat on/off ramps. Crypto itself is untouchable which makes it an independent breakaway economy. Once governments begin their inflation campaign, the crypto economy will be known to everyone as the only way to do business in a capitalistic manner.

>>25962194
You are missing the part tether no longer "costs" 1$

OP, I had the same thought but it's a case of beeing too narrow minded.

Yes, the BTC/USDT pair would moon but USDT/USD pair would collapse. When people see that they would sell their BTC for USD, and thus it would crash.
Look at the market as a whole, not just the BTC/USDT pairing.

>>25962194
>Certified idiot here. Can someone explain why, if the tether FUD is true, it wont cause a big pump?

Are you retarded, this started over a year ago when btc was at 3-5k

>>25962868
>>25962324
>>25962301
Fair enough, that makes sense to my smooth brain. I guess arbitrage bots that didn't get shut off in time could make a dent in the BTC/USD price, but it wouldnt be significant. I can see that the long term implications would be pretty server if tether did turn out to be a fraud.
Thanks for explaining frens