Quote from: Mind Control on July 10, 2018, 03:31:18 PM

Quote from: Lion_ashy on June 27, 2018, 04:58:03 PM

Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.

Most must be scared if ever these whales converts their Bitcoins to Fiat. This would really make the market crash dramatically. However, I believe that we won't be seeing this in the near future. Most of these whales are already rich and are just making their money grow.

Tether could produce more if ever they believe that this is necessary but I think consensus is necessary before this happens.

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CAN WE SAY THE MARKETCAP OF BITCOIN IS FALSE??

If you are talking about the market cap reflected in CMC or alike, then I suppose they are true because the market cap is just a multiplication between the current price and the current circulating supply. There's no point faking them. However, market cap is irrelevant. Since it is just digits, it doesn't mean anything of significant to Bitcoin at all.

Thank you. This am following.👆👆