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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
Pungent Arousing Bawdyhouse Nibblets
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
Cocky opaque laser beams
  01/19/18
you need to get educated on the USDT scam, bro.
Pungent Arousing Bawdyhouse Nibblets
  01/19/18
What does that 16.5% mean?
Cocky opaque laser beams
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
Pungent Arousing Bawdyhouse Nibblets
  01/19/18
Got it, but what's the significance of that?
Cocky opaque laser beams
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
Pungent Arousing Bawdyhouse Nibblets
  01/19/18
Very interesting- thanks.
Cocky opaque laser beams
  01/19/18
"I, and many others, suspect Tether is being used to ef...
dull glittery church ladyboy
  01/19/18
"I, and many others, suspect the printing press is bein...
swashbuckling carnelian garrison kitty
  01/19/18
lol
dull glittery church ladyboy
  01/19/18
cr
Dashing Rose Lodge Boiling Water
  01/19/18
haha wow holy shit
Electric cream party of the first part
  01/19/18
...
jade antidepressant drug clown
  01/19/18
...
Curious Boistinker
  01/19/18
you can see how many hundreds of millions of dollars worth o...
Pungent Arousing Bawdyhouse Nibblets
  01/19/18
who cares
swashbuckling carnelian garrison kitty
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
sexy jap box office
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
Titillating Useless Brakes Principal's Office
  01/19/18
What's keeping you
Cerise bonkers famous landscape painting
  01/19/18
coinbase is down, can't fund customer assets lol
swashbuckling carnelian garrison kitty
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
histrionic embarrassed to the bone temple
  01/19/18
so its bring produced like the currency its pegged to?
jade antidepressant drug clown
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
Cocky opaque laser beams
  01/19/18
This is a NY Times story waiting to happen. And when it does...
Cocky opaque laser beams
  01/19/18
you sure became an anti-tether believer quickly
Pungent Arousing Bawdyhouse Nibblets
  01/19/18
I have a good eye for scams. I've often wondered about those...
Cocky opaque laser beams
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
comical private investor trump supporter
  01/19/18
too obvious to be true
swashbuckling carnelian garrison kitty
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
apoplectic shitlib
  01/19/18
Yeah, it could be those too. My second guess would be market...
comical private investor trump supporter
  01/19/18
The difference between what you are describing and kiting is...
Haunting Lilac Sanctuary
  01/19/18
...
hot jew
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
Burgundy big place of business love of her life
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
brindle cheese-eating dingle berry address
  01/19/18
Link to call you made?
Pungent Arousing Bawdyhouse Nibblets
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
Mildly Autistic Office
  01/20/18
Just sold everything. Feel much better.
hyperactive aromatic stage
  01/19/18
LOL hope it wasn't bc of this, brother
dull glittery church ladyboy
  01/19/18
...
Pungent Arousing Bawdyhouse Nibblets
  01/20/18
buy high sell low
Cerise bonkers famous landscape painting
  01/20/18
What happened?
Haunting Lilac Sanctuary
  01/20/18
ETH is mooning again
Salmon rehab ceo
  01/20/18
ungh
Haunting Lilac Sanctuary
  01/20/18


Poast new message in this thread



Reply Favorite

Date: January 19th, 2018 4:53 PM
Author: Pungent Arousing Bawdyhouse Nibblets

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: Cocky opaque laser beams

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: Pungent Arousing Bawdyhouse Nibblets

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: Cocky opaque laser beams

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: Pungent Arousing Bawdyhouse Nibblets

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: Cocky opaque laser beams

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: Pungent Arousing Bawdyhouse Nibblets

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: Cocky opaque laser beams

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: dull glittery church ladyboy

"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: swashbuckling carnelian garrison kitty

"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: dull glittery church ladyboy

lol

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



Reply Favorite

Date: January 19th, 2018 5:14 PM
Author: Dashing Rose Lodge Boiling Water

cr

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



Reply Favorite

Date: January 19th, 2018 5:33 PM
Author: Electric cream party of the first part

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: jade antidepressant drug clown



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



Reply Favorite

Date: January 19th, 2018 6:31 PM
Author: Curious Boistinker



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



Reply Favorite

Date: January 19th, 2018 5:15 PM
Author: Pungent Arousing Bawdyhouse Nibblets

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: swashbuckling carnelian garrison kitty

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: sexy jap box office

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: Titillating Useless Brakes Principal's Office

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: Cerise bonkers famous landscape painting

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: swashbuckling carnelian garrison kitty

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: histrionic embarrassed to the bone temple

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: jade antidepressant drug clown

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: Cocky opaque laser beams

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: Cocky opaque laser beams

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: Pungent Arousing Bawdyhouse Nibblets

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: Cocky opaque laser beams

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: comical private investor trump supporter

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: swashbuckling carnelian garrison kitty

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: apoplectic shitlib

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: comical private investor trump supporter

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: Haunting Lilac Sanctuary

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: hot jew



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



Reply Favorite

Date: January 19th, 2018 5:53 PM
Author: Burgundy big place of business love of her life

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: brindle cheese-eating dingle berry address

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: Pungent Arousing Bawdyhouse Nibblets

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: Mildly Autistic Office

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: hyperactive aromatic stage

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: dull glittery church ladyboy

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: Pungent Arousing Bawdyhouse Nibblets



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



Reply Favorite

Date: January 20th, 2018 11:33 AM
Author: Cerise bonkers famous landscape painting

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: Haunting Lilac Sanctuary

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: Salmon rehab ceo

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: Haunting Lilac Sanctuary

ungh

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