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There is a very, very strong suspicion that Tether is involved with market manipulation of bitcoin to keep the price high. If that disappears, the price will b
by user-the-name 6y ago
There is a very, very strong suspicion that Tether is involved with market manipulation of bitcoin to keep the price high.
If that disappears, the price will be in freefall.
- mustyoshi 6y agoWouldn't the price go up even more as people try to get rid of their USDT by buying stuff with it?
- cecida 6y agoTemporarily. For all the talk of crypto replacing central banks and the FIAT system, people heavily involved in crypto want to be able to cash out and buy their Lambo and have fun not being poor. So there will be a rush to use fiat gateways such as Coinbase to liquidize their crypto assets. Enormous sell pressure.
- rwmurrayVT 6y agoI would imagine the USDT to BTC rate would skyrocket while the USDT to USD rate plummeted. The exchange value between BTC & USD would not really be impacted.