Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on May 07, 2020, 10:55:27 PM
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i just observed some thing recently in the crypto trading market. the more a stable coin is been printed, there is a possibility of bitcoin price rising. recently, usdt treasury department printed over 2million usdt in tron network. recently, bitcoin moved into 9k zone from 8 and heading to 10k before halving.
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I think the growth of Bitcoin does not depend on printing money. It seems to me the price of Bitcoin depends on other factors, but I really can be wrong.
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Bitcoin increase in price due to the fact that Bitcoin halving is approaching, and of course we all are waiting for new investors which will start invest in cryptocurrency and this of course will gradually happen.
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I think the more money in crypto curency does not mean the bull run will commence;
So lets just get priorities right and not get carried away; always do your research adequately.
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I have noticed that also. I think there are more demand now in crypto that is why they are printing more USDT or any other stable coins. There are also good and bad effects of such printing.
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Nice catch. I didn't notice that until your topic. But in the past, there were some times usdt treasury department printed USDT without USD fiat back up. The act is considered a fraud. I haven't heard of their printings recently. It sounds like they are more sincere now.
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Printing more USDT is not the absolute idea to maintain bullrun because it is decentralized and there's rules and regulation must follow. I guess somehow it is effective to trigger bullrun.
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It should be. However crypto will always involve risk. So ensure that money you invest in crypto is free money. You must ensure that you have enough saving. Hopefully it will be bullish again
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If we looked at the trend in crypto market today, it's a bullish day. We must be so happy to see the current market trend. We believe this bullish has a big correlation with the upcoming halving, it is quite hype. However, be careful, the bullish can be over anytime and the market go to bearish anymore.
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Saving more Bitcoin might be the most appropriate choice at this time, because the price of Bitcoin continues to rise ahead of Bitcoin Halving. But maybe Now it's a little late, but there is still some profit.
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I don't think this can affect the price of bitcoin by just printed usdt. Currently bitcoin is down but I'm hoping that it will reach $10,000 this month.
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I think the bull will start when the pandemic stops because many people have lost their jobs. If the economy will rise again, for sure it will trigger more bull because they have now money to buy cryptos.
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the crypto industry is very resistant to news circulating if there is bad news about this market, the price is immediate
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Then its good news for the crypto world after that epidemic. Many people say that crypto will not survive this situation but look where it is now. Bitcoin cross 9k mark and the market look very stable for now. I hope it will move more upward after Next bitcoin halving. If other sectors of economy recovers again then it will trigger another bull run I think.
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Money will help to increase the price of bitcoin and usd will have more role in promoting crypto and introducing the crypto market to users who have never bought crypto. Halving will also play a role in determining the price of crypto according to the stages that have been in force
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You are not quite right, a lot of USDT was printed and this contributed to the growth, but today the market has collapsed by almost $ 2000, and where did all these USDT go? The growth that was, it was artificial, we need new people in the market to make the growth real
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Yes. It has long been known that as soon as a new batch of Tether appears, there are strong movements on bitcoin. I think this time they printed Tether to raise the price of bitcoin. This is very bad and first of all bad for all Tether holders because I believe this stablecoin is not reliable. It is also bad for bitcoin because it shows that there are no real buyers and there are manipulators that inflate the price
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i just observed some thing recently in the crypto trading market. the more a stable coin is been printed, there is a possibility of bitcoin price rising. recently, usdt treasury department printed over 2million usdt in tron network. recently, bitcoin moved into 9k zone from 8 and heading to 10k before halving.
Friend, the printing of usdt coin has nothing to do with current Bitcoin pump, rather it os basically due to the much anticipated Bitcoin halving event taking place this week.
The printing of new coin as you stated is just a part of USDT developmental plans, and may not have any effect on the price of Bitcoin or any other coin in the crypto market.
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the more a stable coin is been printed, there is a possibility of bitcoin price rising.
Can you explain in detail the correlation between stable coin and Bitcoin? I don't think Bitcoin is affected by other coins, it is not altcoins that are affected by Bitcoin value. Bitcoin is like the main coin in crypto space, I think it cannot be influenced by other coins but it influences others.
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If many more people use their money to buy more and more coins especially BTC in the market, well yeah it may be bull easier than we think. However, will they do? Of course not. There will be a balanced situation where there will be sellers and buyers that need funds to recover their modal. In this case, just not to be panic sell at a very dropped price, it can help the market.
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If there is a bullish, then investors can get money by selling their assets. I think most of the money in crypto comes from whales. They take advantage of the bullish or pump-dump. The big bullish just happened several days ago, now it is the correction time. I think there will be rising again in the next week. But who knows!
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Let’s say people jump ship, difficulty will drop. Difficulty continues downward until it levels out for the players still in the game. Now blocks are easier to mine for the equipment they have and they become profitable. People start to fire the old equipment up because it’s profitable again, hashrate goes up, cycle starts all over again. It’s a self regulating system.
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Useless to print and print money because it couldn't affect the entire market. Only bitcoin can initialized bullrun which domino effect will happen. That's why market still on progress to increase due to bitcoin decrease.
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If many more people use their money to buy more and more coins especially BTC in the market, well yeah it may be bull easier than we think. However, will they do? Of course not. There will be a balanced situation where there will be sellers and buyers that need funds to recover their modal. In this case, just not to be panic sell at a very dropped price, it can help the market.
Investors are reluctant to invest in cryptocurrencies. For large investors, cryptocurrency is still a risky tool. They understand that cryptocurrencies are not used anywhere and are still not legalized, so they are in no hurry to invest in them. The pump of bitcoin is made exclusively on the fact that new USDT coins are printed and not at the expense of infusion of money by big investors
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stables are a kind of indicator of the popularity of the cryptocurrency market. There is a need to save money during different trends.
I admit honestly, when the quarantine just struck, I transferred half of the funds from btc to the usdt. Now I’m considering the possibility of transferring part of the usdt to another stable - eurg. it has a a bank card, this solve the extra problems with transfer and commissions