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Author Topic: More money in crypto, More bull  (Read 4306 times)

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More money in crypto, More bull
« on: May 07, 2020, 10:55:27 PM »
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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More money in crypto, More bull
« on: May 07, 2020, 10:55:27 PM »

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Offline Andruha1993

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Re: More money in crypto, More bull
« Reply #1 on: May 08, 2020, 10:06:38 AM »
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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Offline trauchot

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Re: More money in crypto, More bull
« Reply #2 on: May 08, 2020, 10:24:16 AM »
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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Offline hushpupppy

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Re: More money in crypto, More bull
« Reply #3 on: May 08, 2020, 02:03:24 PM »
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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Re: More money in crypto, More bull
« Reply #4 on: May 08, 2020, 03:03:30 PM »
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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Re: More money in crypto, More bull
« Reply #5 on: May 08, 2020, 04:13:47 PM »
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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Re: More money in crypto, More bull
« Reply #6 on: May 08, 2020, 05:37:49 PM »
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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Re: More money in crypto, More bull
« Reply #6 on: May 08, 2020, 05:37:49 PM »


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Re: More money in crypto, More bull
« Reply #7 on: May 08, 2020, 11:37:37 PM »
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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Re: More money in crypto, More bull
« Reply #8 on: May 08, 2020, 11:41:50 PM »
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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Re: More money in crypto, More bull
« Reply #10 on: May 10, 2020, 10:35:39 AM »
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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Re: More money in crypto, More bull
« Reply #11 on: May 10, 2020, 04:32:04 PM »
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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Re: More money in crypto, More bull
« Reply #12 on: May 10, 2020, 05:02:14 PM »
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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Re: More money in crypto, More bull
« Reply #13 on: May 10, 2020, 06:06:30 PM »
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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Offline carcas

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Re: More money in crypto, More bull
« Reply #14 on: May 10, 2020, 08:53:46 PM »
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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