Post
Topic
Board Economics
Topic OP
how realistic is this: create own big crypto trading platform with own USDA
by
mrfckumn
on 09/12/2021, 16:45:35 UTC
and inflate price of BTC into 1'000'000 USD? of course not at once but slowly with crashes and "dips" to "take profit" like every casino..

like binance is doing with tether - they are "printing" fake casino money to inflate price of BTC using USDT (80 billions currently) - if anybody decide to create crypto market exchange and create for example USDA token (just like USDT alternative with also "covered" 1:1 to USD dollar) and print every day few millions of USDA - and then buy BTC to inflate price to 1'000'000 USD/BTC.

do you think and why do you thing that this plan will fail?

does binance got lucky with USDT to inflate price by 90% because they were the first one or is there still a possibility to have another fake USDtether like currency with billions of "dollars" in it?

let's say you have 100'000 USD to play a game - can you do something like that in current market?