Post
Topic
Board Bitcoin Discussion
Thoughts on Tethers effect on bitcoin? Crash it?
by
whofarted75
on 12/06/2021, 16:41:24 UTC
I don't know much about Tether but I'm wondering what everybody's thoughts are about the effect it could have on BTCitcoin. That doesn't sound good.

https://www.youtube.com/watch?v=jFp86n7QCf0

I've also heard more (and even more in depth) from this guy:
(I can't seem to find the original video I saw.)
https://www.youtube.com/watch?v=H8oDo1mZgsc

In the other video, which I can't seem to find, he's talking about 100x leveraging with Tether to buy Bitcoin. And in their terms of service no guarantees that they will give you your Fiat money if they don't have it at the time. And they can take as long as they want to get it to you. It seems like the Tether thing is a really bad thing and with that creating the liquidity in Bitcoin, if it goes under, it'll drag all the cryptos especially Bitcoin down with it.

Anyway, thoughts?