Quote from: Coin_trader on Today at 02:18:13 AM

Quote from: livingfree on May 17, 2023, 02:41:22 PM

Quote from: Hamza2424 on May 17, 2023, 02:38:13 PM

If they are thinking to increase their BTC reserves it's great but it is again alarming for us because it will lead to more volatility in the market if any fud occurs similar to the LUNA.

Honestly, this is what I'm thinking. Since Luna is also associated to Terra/USTC, I am having that feeling that this could also lead to the same thing as them but it could also be entirely different.

I know that Tether is big and I've got the same feeling on what happened in the past could really lead them to it. It sounds exciting and easy since they're buying Bitcoin. Who knows if it'll be a success and we'll just have to wait what will happen but hopefully, it will be the opposite and it'll result good for them and best for Bitcoin.

Feels like LUNA in terms of how the value backing by other crypto but completely different since it’s Bitcoin backing them while UST is backed by their own currency too. An attack to the company will clear do a double damage to them because they are same while Tether is using Bitcoin which is a different entity. Bitcoin is performing very solid for many years and also they only use 15% of their revenue unlike dumb Luna that directly pegged the price on their token value by manipulating the token supply.

Tether is the most use stablecoin in crypto market. I think this move is very good in long term since they are generating huge profit in bear or bull season because trader never stop trading stablecoins.

Yeah, it was just a first thought after reading that they'll do the same strategy of buying Bitcoin on a monthly basis.

Well, despite with the past controversies of Tether and still being the most used stable coins. They can sustain any venture they may come up with just like this.

As we're anticipating the possible result of this for Bitcoin is gonna be positive.