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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
Judgmental galvanic ticket booth sandwich
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
Brilliant Hateful Sneaky Criminal
  01/19/18
you need to get educated on the USDT scam, bro.
Judgmental galvanic ticket booth sandwich
  01/19/18
What does that 16.5% mean?
Brilliant Hateful Sneaky Criminal
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
Judgmental galvanic ticket booth sandwich
  01/19/18
Got it, but what's the significance of that?
Brilliant Hateful Sneaky Criminal
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
Judgmental galvanic ticket booth sandwich
  01/19/18
Very interesting- thanks.
Brilliant Hateful Sneaky Criminal
  01/19/18
"I, and many others, suspect Tether is being used to ef...
motley maroon garrison rigor
  01/19/18
"I, and many others, suspect the printing press is bein...
Floppy Brunch Foreskin
  01/19/18
lol
motley maroon garrison rigor
  01/19/18
cr
Odious Brindle Friendly Grandma
  01/19/18
haha wow holy shit
Laughsome Flickering Nursing Home Depressive
  01/19/18
...
Dull Violent Theatre Gaming Laptop
  01/19/18
...
drunken house-broken psychic knife
  01/19/18
you can see how many hundreds of millions of dollars worth o...
Judgmental galvanic ticket booth sandwich
  01/19/18
who cares
Floppy Brunch Foreskin
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
Bespoke Scourge Upon The Earth
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
translucent multi-billionaire generalized bond
  01/19/18
What's keeping you
buff titillating alpha old irish cottage
  01/19/18
coinbase is down, can't fund customer assets lol
Floppy Brunch Foreskin
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
Exciting Flesh Kitchen
  01/19/18
so its bring produced like the currency its pegged to?
Dull Violent Theatre Gaming Laptop
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
Brilliant Hateful Sneaky Criminal
  01/19/18
This is a NY Times story waiting to happen. And when it does...
Brilliant Hateful Sneaky Criminal
  01/19/18
you sure became an anti-tether believer quickly
Judgmental galvanic ticket booth sandwich
  01/19/18
I have a good eye for scams. I've often wondered about those...
Brilliant Hateful Sneaky Criminal
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
bateful chrome box office police squad
  01/19/18
too obvious to be true
Floppy Brunch Foreskin
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
beady-eyed locale trust fund
  01/19/18
Yeah, it could be those too. My second guess would be market...
bateful chrome box office police squad
  01/19/18
The difference between what you are describing and kiting is...
aromatic hall skinny woman
  01/19/18
...
Citrine cuck sound barrier
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
electric jade crotch
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
effete hospital
  01/19/18
Link to call you made?
Judgmental galvanic ticket booth sandwich
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
chest-beating business firm pisswyrm
  01/20/18
Just sold everything. Feel much better.
Razzmatazz hyperactive tanning salon
  01/19/18
LOL hope it wasn't bc of this, brother
motley maroon garrison rigor
  01/19/18
...
Judgmental galvanic ticket booth sandwich
  01/20/18
buy high sell low
buff titillating alpha old irish cottage
  01/20/18
What happened?
aromatic hall skinny woman
  01/20/18
ETH is mooning again
Bistre Passionate Legal Warrant Really Tough Guy
  01/20/18
ungh
aromatic hall skinny woman
  01/20/18


Poast new message in this thread



Reply Favorite

Date: January 19th, 2018 4:53 PM
Author: Judgmental galvanic ticket booth sandwich

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: Brilliant Hateful Sneaky Criminal

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: Judgmental galvanic ticket booth sandwich

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: Brilliant Hateful Sneaky Criminal

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: Judgmental galvanic ticket booth sandwich

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: Brilliant Hateful Sneaky Criminal

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: Judgmental galvanic ticket booth sandwich

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: Brilliant Hateful Sneaky Criminal

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: motley maroon garrison rigor

"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: Floppy Brunch Foreskin

"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: motley maroon garrison rigor

lol

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



Reply Favorite

Date: January 19th, 2018 5:14 PM
Author: Odious Brindle Friendly Grandma

cr

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



Reply Favorite

Date: January 19th, 2018 5:33 PM
Author: Laughsome Flickering Nursing Home Depressive

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: Dull Violent Theatre Gaming Laptop



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



Reply Favorite

Date: January 19th, 2018 6:31 PM
Author: drunken house-broken psychic knife



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



Reply Favorite

Date: January 19th, 2018 5:15 PM
Author: Judgmental galvanic ticket booth sandwich

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: Floppy Brunch Foreskin

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: Bespoke Scourge Upon The Earth

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: translucent multi-billionaire generalized bond

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: buff titillating alpha old irish cottage

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: Floppy Brunch Foreskin

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: Exciting Flesh Kitchen

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: Dull Violent Theatre Gaming Laptop

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: Brilliant Hateful Sneaky Criminal

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: Brilliant Hateful Sneaky Criminal

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: Judgmental galvanic ticket booth sandwich

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: Brilliant Hateful Sneaky Criminal

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: bateful chrome box office police squad

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: Floppy Brunch Foreskin

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: beady-eyed locale trust fund

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: bateful chrome box office police squad

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: aromatic hall skinny woman

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: Citrine cuck sound barrier



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



Reply Favorite

Date: January 19th, 2018 5:53 PM
Author: electric jade crotch

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: effete hospital

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: Judgmental galvanic ticket booth sandwich

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: chest-beating business firm pisswyrm

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: Razzmatazz hyperactive tanning salon

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: motley maroon garrison rigor

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: Judgmental galvanic ticket booth sandwich



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



Reply Favorite

Date: January 20th, 2018 11:33 AM
Author: buff titillating alpha old irish cottage

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: aromatic hall skinny woman

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: Bistre Passionate Legal Warrant Really Tough Guy

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: aromatic hall skinny woman

ungh

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