[MystK]

If BTC's price is manipulated anywhere, the market adjusts for it everywhere.

[WMX123]

That makes no sense. Again, how can someone manipulate Bitcoin on Coinbase with Tether when Tether is NOT accepted?

[xenihn]

Scenario:

Eth is $400 on Coinbase, Bitcoin is $12000 on Coinbase

Print 1,000,000 Tether

Buy $1,000,000 of Eth on an exchange that supports Tether

Sell $1,000,000 of Eth on Coinbase

Buy $900,000 (arbitrary post-sale amount from selling Eth) of Bitcoin on Coinbase

Another scenario:

Bitcoin is $12000 on Coinbase

Bitcoin is $12000 on another exchange that supports Tether

Print 1,000,000 Tether

Buy $1,000,000 of Bitcoin on the exchange that supports Tether

Bitcoin is now $12050 on another exchange

Coinbase price of BTC rises as arbitrage bots and manual traders purchase cheaper Bitcoin on Coinbase and sell it for profit on the other exchange until prices equalize

[WMX123]

I still don't see that artificially inflating coinbase bitcoin. plus only bitfinance would be able to print/create tether. also, there's no evidence that companies what you claim they could do.

[xenihn]

>I still don't see that artificially inflating coinbase bitcoin.

I don't know how to explain it any more clearly to you.

>plus only bitfinance would be able to print/create tether

Yes, but whoever controls the printing could then use the Tethers on any exchange that supports them.

>also, there's no evidence that companies what you claim they could do

You asked for an explanation of how it could be done, not evidence.

[WMX123]

The explanation is clear, but I just don't see it as being particularly convincing.

Sure, I didn't ask for evidence. Now, I am. Where's your evidence?

[xenihn]

>The explanation is clear, but I just don't see it as being particularly convincing.

Why not?

>Sure, I didn't ask for evidence. Now, I am. Where's your evidence?

You need to specify what exactly you want evidence for. Then you need to google it, because that's what I'm going to do, assuming you want evidence of something like arbitrage.

[lippel82]

It does make sense. The price of BTC in USD is roughly the same on every exchange. If some exchanges allow USD and USDT interchangeably, the BTC price can be driven up by trades that are conducted in USDT. The price on Coinbase will adapt to that.

[WMX123]

how will Coinbase "adapt"? it's a walled garden.

[qqii]

Individuals and bots will take advantage of the price discrepancies between exchanges by purchasing BTC on the cheaper exchange, sending the BTC to the more expensive exchange and selling it. As long as its possible to do this different exchanges normally stay within a few % of each other.