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16.52% of ETH volume in last 24 hours caused by USDT. Nothing to see here folks

https://www.cryptocompare.com/coins/eth/analysis/USD
Nudist thriller lay people who are hurt
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
Mind-boggling indigo masturbator mood
  01/19/18
you need to get educated on the USDT scam, bro.
Nudist thriller lay people who are hurt
  01/19/18
What does that 16.5% mean?
Mind-boggling indigo masturbator mood
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
Nudist thriller lay people who are hurt
  01/19/18
Got it, but what's the significance of that?
Mind-boggling indigo masturbator mood
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
Nudist thriller lay people who are hurt
  01/19/18
Very interesting- thanks.
Mind-boggling indigo masturbator mood
  01/19/18
"I, and many others, suspect Tether is being used to ef...
Hairraiser Indirect Expression
  01/19/18
"I, and many others, suspect the printing press is bein...
Umber Rigor
  01/19/18
lol
Hairraiser Indirect Expression
  01/19/18
cr
excitant regret roommate
  01/19/18
haha wow holy shit
Copper Field
  01/19/18
...
carnelian histrionic nursing home stock car
  01/19/18
...
Irradiated principal's office
  01/19/18
you can see how many hundreds of millions of dollars worth o...
Nudist thriller lay people who are hurt
  01/19/18
who cares
Umber Rigor
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
floppy theatre
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
bateful talking son of senegal
  01/19/18
What's keeping you
Boyish ape den
  01/19/18
coinbase is down, can't fund customer assets lol
Umber Rigor
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
Nighttime hall half-breed
  01/19/18
so its bring produced like the currency its pegged to?
carnelian histrionic nursing home stock car
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
Mind-boggling indigo masturbator mood
  01/19/18
This is a NY Times story waiting to happen. And when it does...
Mind-boggling indigo masturbator mood
  01/19/18
you sure became an anti-tether believer quickly
Nudist thriller lay people who are hurt
  01/19/18
I have a good eye for scams. I've often wondered about those...
Mind-boggling indigo masturbator mood
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
buck-toothed marvelous meetinghouse ladyboy
  01/19/18
too obvious to be true
Umber Rigor
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
pearl pea-brained black woman
  01/19/18
Yeah, it could be those too. My second guess would be market...
buck-toothed marvelous meetinghouse ladyboy
  01/19/18
The difference between what you are describing and kiting is...
maroon zippy party of the first part
  01/19/18
...
Comical scarlet becky
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
snowy parlour friendly grandma
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
Indecent zombie-like native
  01/19/18
Link to call you made?
Nudist thriller lay people who are hurt
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
chartreuse alcoholic library
  01/20/18
Just sold everything. Feel much better.
red bbw trump supporter
  01/19/18
LOL hope it wasn't bc of this, brother
Hairraiser Indirect Expression
  01/19/18
...
Nudist thriller lay people who are hurt
  01/20/18
buy high sell low
Boyish ape den
  01/20/18
What happened?
maroon zippy party of the first part
  01/20/18
ETH is mooning again
nofapping legal warrant lodge
  01/20/18
ungh
maroon zippy party of the first part
  01/20/18


Poast new message in this thread



Reply Favorite

Date: January 19th, 2018 4:53 PM
Author: Nudist thriller lay people who are hurt

https://www.cryptocompare.com/coins/eth/analysis/USD

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191410)



Reply Favorite

Date: January 19th, 2018 4:56 PM
Author: Mind-boggling indigo masturbator mood

Had to google that one:

https://www.cryptocompare.com/coins/guides/what-is-usdt-and-how-to-use-it/

Explain the significance of that percentage.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191440)



Reply Favorite

Date: January 19th, 2018 4:57 PM
Author: Nudist thriller lay people who are hurt

you need to get educated on the USDT scam, bro.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191449)



Reply Favorite

Date: January 19th, 2018 4:57 PM
Author: Mind-boggling indigo masturbator mood

What does that 16.5% mean?

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191453)



Reply Favorite

Date: January 19th, 2018 4:58 PM
Author: Nudist thriller lay people who are hurt

16.5% of the ETH that was bought in the past 24 hours was done using USDT (as opposed to USD, BTC, etc)

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191459)



Reply Favorite

Date: January 19th, 2018 4:58 PM
Author: Mind-boggling indigo masturbator mood

Got it, but what's the significance of that?

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191462)



Reply Favorite

Date: January 19th, 2018 4:59 PM
Author: Nudist thriller lay people who are hurt

https://tonyarcieri.com/the-tether-conundrum

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191476)



Reply Favorite

Date: January 19th, 2018 5:05 PM
Author: Mind-boggling indigo masturbator mood

Very interesting- thanks.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191526)



Reply Favorite

Date: January 19th, 2018 5:10 PM
Author: Hairraiser Indirect Expression

"I, and many others, suspect Tether is being used to effectively counterfeit hundreds of millions of dollars of perceived value, which are being immediately reinvested into Bitcoin to keep it from collapsing."

This is a bold thesis necessary to draw the conclusion that Tether is integral. What evidence is there to support this? Why should anyone give a shit about Tiny Tether?

it facilitates transfers and is an arbitrage tool some people use

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191584)



Reply Favorite

Date: January 19th, 2018 5:11 PM
Author: Umber Rigor

"I, and many others, suspect the printing press is being used to effectively counterfeit trillions of dollars of perceived value, which are being immediately reinvested into sovereign debt instruments to keep the economy from collapsing"

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191595)



Reply Favorite

Date: January 19th, 2018 5:12 PM
Author: Hairraiser Indirect Expression

lol

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191603)



Reply Favorite

Date: January 19th, 2018 5:14 PM
Author: excitant regret roommate

cr

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191623)



Reply Favorite

Date: January 19th, 2018 5:33 PM
Author: Copper Field

haha wow holy shit

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191736)



Reply Favorite

Date: January 19th, 2018 5:34 PM
Author: carnelian histrionic nursing home stock car



(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191743)



Reply Favorite

Date: January 19th, 2018 6:31 PM
Author: Irradiated principal's office



(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35192158)



Reply Favorite

Date: January 19th, 2018 5:15 PM
Author: Nudist thriller lay people who are hurt

you can see how many hundreds of millions of dollars worth of tether were printed in the past few days: https://twitter.com/tetherprinter

the market has been noticeably jumping after many of these printing

you need to remember that the market cap of a crypto doesn't mean much because the liquidity *across the board* is so poor. a whale selling 5% of the market cap of any crypto would crash the price to near zero. so a hundred million dollars being pumped into crypto every day or two would have an enormously outsized impact on crypto market caps

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191632)



Reply Favorite

Date: January 19th, 2018 4:58 PM
Author: Umber Rigor

who cares

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191463)



Reply Favorite

Date: January 19th, 2018 4:59 PM
Author: floppy theatre

I am seriously going to sell. this seems bad. unless someone can tell me why its not.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191468)



Reply Favorite

Date: January 19th, 2018 5:13 PM
Author: bateful talking son of senegal

It's about to all come tumbling down. I've been trying to cash out all day

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191613)



Reply Favorite

Date: January 19th, 2018 5:18 PM
Author: Boyish ape den

What's keeping you

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191646)



Reply Favorite

Date: January 19th, 2018 5:19 PM
Author: Umber Rigor

coinbase is down, can't fund customer assets lol

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191651)



Reply Favorite

Date: January 19th, 2018 5:43 PM
Author: Nighttime hall half-breed

http://autoadmit.com/thread.php?thread_id=3863772&mc=13&forum_id=7

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191813)



Reply Favorite

Date: January 19th, 2018 5:23 PM
Author: carnelian histrionic nursing home stock car

so its bring produced like the currency its pegged to?

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191678)



Reply Favorite

Date: January 19th, 2018 5:29 PM
Author: Mind-boggling indigo masturbator mood

But they claim to be backed by actual dollars. That's obviously a lie.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191714)



Reply Favorite

Date: January 19th, 2018 5:34 PM
Author: Mind-boggling indigo masturbator mood

This is a NY Times story waiting to happen. And when it does, that will trigger the collapse, imo. Sell now.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191753)



Reply Favorite

Date: January 19th, 2018 5:40 PM
Author: Nudist thriller lay people who are hurt

you sure became an anti-tether believer quickly

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191784)



Reply Favorite

Date: January 19th, 2018 5:41 PM
Author: Mind-boggling indigo masturbator mood

I have a good eye for scams. I've often wondered about those huge buys I see in the middle of a crash, that often turn the tide and shift fear to greed.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191791)



Reply Favorite

Date: January 19th, 2018 5:42 PM
Author: buck-toothed marvelous meetinghouse ladyboy

It's probably arbitrage between exchanges. Lots of exchanges won't cash you out in dollars during high volatility, or even if you could get USD cashout, you couldn't move it from Exchange A to Exchange B (or BitFinex to GDAX) fast enough.

Since USDT has the virtually the same USD value on every exchange ($1.00 +- .01), a person can move USDT between exchanges for ETH/USD arbitrage.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191799)



Reply Favorite

Date: January 19th, 2018 5:43 PM
Author: Umber Rigor

too obvious to be true

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191808)



Reply Favorite

Date: January 19th, 2018 5:43 PM
Author: pearl pea-brained black woman

or, you know, an actual ponzi scheme, embezzlement, ... the list goes on

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191810)



Reply Favorite

Date: January 19th, 2018 5:44 PM
Author: buck-toothed marvelous meetinghouse ladyboy

Yeah, it could be those too. My second guess would be market manipulation, though.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191822)



Reply Favorite

Date: January 19th, 2018 6:02 PM
Author: maroon zippy party of the first part

The difference between what you are describing and kiting is in the eye of the beholder.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191971)



Reply Favorite

Date: January 20th, 2018 12:15 PM
Author: Comical scarlet becky



(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35196525)



Reply Favorite

Date: January 19th, 2018 5:53 PM
Author: snowy parlour friendly grandma

Bitfinex is printing Tether to increase trading volume on its platform in order to bring more users to the Bitfinex platform. If it works and Bitfinex becomes the go-to exchange then we'll probably be fine. If it doesn't, then we'll have a crypto holocaust.

It probably won't work.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191892)



Reply Favorite

Date: January 19th, 2018 6:44 PM
Author: Indecent zombie-like native

When it collapses I want bitches sucking my veiny Jew cock for being right.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35192231)



Reply Favorite

Date: January 19th, 2018 6:45 PM
Author: Nudist thriller lay people who are hurt

Link to call you made?

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35192247)



Reply Favorite

Date: January 20th, 2018 10:17 AM
Author: chartreuse alcoholic library

Suck my veiny 10,000% USD gains safely in my IRA and high interest savings account

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35195958)



Reply Favorite

Date: January 19th, 2018 6:56 PM
Author: red bbw trump supporter

Just sold everything. Feel much better.

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35192326)



Reply Favorite

Date: January 19th, 2018 6:57 PM
Author: Hairraiser Indirect Expression

LOL

hope it wasn't bc of this, brother

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35192331)



Reply Favorite

Date: January 20th, 2018 9:59 AM
Author: Nudist thriller lay people who are hurt



(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35195903)



Reply Favorite

Date: January 20th, 2018 11:33 AM
Author: Boyish ape den

buy high sell low

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35196325)



Reply Favorite

Date: January 20th, 2018 12:06 PM
Author: maroon zippy party of the first part

What happened?

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35196482)



Reply Favorite

Date: January 20th, 2018 12:16 PM
Author: nofapping legal warrant lodge

ETH is mooning again

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35196531)



Reply Favorite

Date: January 20th, 2018 1:28 PM
Author: maroon zippy party of the first part

ungh

(http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35197043)