Bitcoin discussions and knowledge share

[ArjunReddy_]

Death of Tether would result in $2,000-$3,000 BTC...

• Tether will not conduct an audit, and probably cannot, ever.
• Tether/Bitfinex will consequently remain a black box, within which all kinds of nefarious activities could be occurring and — by all accounts — probably are.
• Sooner or later it will get shut down by the authorities.
• There will be regulatory consequences to that
• One of the largest global marketplaces will likely go offline too.

Do u guys agree with this ????? 

[TheBrahmabull]

45 minutes ago, ArjunReddy_ said:

Death of Tether would result in $2,000-$3,000 BTC...

• Tether will not conduct an audit, and probably cannot, ever.
• Tether/Bitfinex will consequently remain a black box, within which all kinds of nefarious activities could be occurring and — by all accounts — probably are.
• Sooner or later it will get shut down by the authorities.
• There will be regulatory consequences to that
• One of the largest global marketplaces will likely go offline too.

Do u guys agree with this ????? 

would you care you explain why tether death would result wiping out almost 3 quarters of current market ?

[ArjunReddy_]

1 hour ago, TheBrahmabull said:

would you care you explain why tether death would result wiping out almost 3 quarters of current market ?

It may effect temporarily . If Btc price manipulated with tether ..we have to see whats the real worth of one btc ...last year same time it was around 1k. 

Explanation is given below..but i a dobt agree with it completely.

Those that are aware of the Bitfinex and Tether scandal often state that Tethers portion of the total crypto market cap is only a drop in the bucket. This statement is true since all 2.3 billion of USDT printed represent about 0.6% of the total crypto market value. This small portion of the crypto ecosystem could not therefore possibly have any impact on asset pricing should it be proven to be a fraud.

This thesis does not take into account the trading volume, liquidity, and trading velocity of the USDT supply. Tether is the third most traded cryptocurrency, by volume, making a substantial contribution to trading volumes across all major exchanges. The current money velocity of USDT is around 57. Considering that real USD only has a money velocity of 4.4, it's apparent that USDT is changing hands in the marketplace at a frenetic pace.

If Tether disappeared from the marketplace due to a hack or lost its USD peg for various possible reasons, the results could be disastrous. If everyone tried to redeem Tether tokens for real USD, even if that were possible, there would most likely be a liquidity crunch where exchanges would be unable to fill sell orders as the price declines. With Tether now accepted on most major exchanges for a range of cryptocurrencies, “hodlers” and traders face the possibility of losing money in the event of a price crash.

 

 

[TheBrahmabull]

not able to grasp the later part of the article. but if btc was pumped with tether rapid exchanges. then btc we have to go with mean price. that would put btc around 4k.  if btc goes 4k, then most of the coins would go to may be negligible satoshis level..

[TheBrahmabull]

@Arjun_Reddy  so are you aware of any findings about this so called scandal lately ? i don't see any news that is really pointing tether is the reason for btc price hike

[Pipucbn]

8 hours ago, uttermost said:

lol. how obviously wrong can you be? 

Not as obviously as you are thinking.

[Raithu_bidda_]

Tether is safe haven during market crash easy to change to usd and so there will be more volatility 

[Pipucbn]

15 minutes ago, Raithu_bidda_ said:

Tether is safe haven during market crash easy to change to usd and so there will be more volatility 

+111111

[TheBrahmabull]

guys look at this guy

 

https://twitter.com/Landm_Marius - 

 

seems to be lot of people believing - if what he is saying true , then sell btc now asap. then buy back at sub 7K..  shed some light on this guys.. let everyone know what you think . hope this helps out of bulltraps.. right now it is a bull trap

[jbunny007]

Any one can access neotracker?  

[jbunny007]

48 minutes ago, TheBrahmabull said:

guys look at this guy

 

https://twitter.com/Landm_Marius - 

 

seems to be lot of people believing - if what he is saying true , then sell btc now asap. then buy back at sub 7K..  shed some light on this guys.. let everyone know what you think . hope this helps out of bulltraps.. right now it is a bull trap

Sold already, waiting for <7K to buy.

[TheBrahmabull]

2 hours ago, jbunny007 said:

Sold already, waiting for <7K to buy.

sold your entire portfolio ?

[pisinari]

2 hours ago, jbunny007 said:

Any one can access neotracker?  

bro can u check ur pm?

[argadorn]

2 hours ago, jbunny007 said:

Sold already, waiting for <7K to buy.

looks like its marchhing towardsit ......

[Quickgun_murugan]

19 minutes ago, argadorn said:

looks like its marchhing towardsit ......

ee weekend 12 k aythadi kaka