Post
Topic
Board Speculation
Re: Bear market? Will NEVER HAPPEN because of tether printing.
by
bbc.reporter
on 29/06/2018, 01:06:49 UTC
Ok, prove me wrong.


You must understand that the demand in USDT is going up when the price of bitcoin is falling down. That makes the issuer need to issue more USDT to maintain the peg to $1 = 1 USDT.

In any case, USDT printing is not because someone is preparing to pump like what you presumed.

Not sure what you mean.. more or less demand, that's still liquidity which is eventually gonna be pumping up crypto prices.

Agreed. But it must also be understood why more Tether was issued. It was not for the intention of pumping bitcoin or Ethereum, but to maintain the $1 = 1 USDT peg.

Why you believe the reason behind the printing is important?
To me, the only relevant dynamic to state that there will be other bull runs, is knowing that new liquidity will be injected.

Knowing the reason behind it is important because the uninformed people in the cryptospace might see this as a sign to start hyping themselves into buying bitcoin. To prove that point, look at the price of bitcoin when the thread started and compare it to the price today. If they started buying because they thought it was good news, then they are losing money.

We might be entering a longterm bear market. Saying it will never happen is foolish.