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16.52% of ETH volume in last 24 hours caused by USDT. Nothing to see here folks
Poast new message in this thread
Date: January 19th, 2018 4:53 PM Author: Swollen cerebral mood https://www.cryptocompare.com/coins/eth/analysis/USD (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191410) |
Date: January 19th, 2018 4:56 PM Author: Smoky Electric Faggotry 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. |
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Date: January 19th, 2018 4:57 PM Author: Swollen cerebral mood you need to get educated on the USDT scam, bro. (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191449) |
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Date: January 19th, 2018 4:57 PM Author: Smoky Electric Faggotry What does that 16.5% mean? (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191453) |
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Date: January 19th, 2018 4:58 PM Author: Swollen cerebral mood 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) |
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Date: January 19th, 2018 4:58 PM Author: Smoky Electric Faggotry Got it, but what's the significance of that? (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191462) |
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Date: January 19th, 2018 4:59 PM Author: Swollen cerebral mood https://tonyarcieri.com/the-tether-conundrum (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191476) |
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Date: January 19th, 2018 5:05 PM Author: Smoky Electric Faggotry Very interesting- thanks. (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191526) |
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Date: January 19th, 2018 5:10 PM Author: Dead antidepressant drug site "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 |
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Date: January 19th, 2018 5:11 PM Author: duck-like magical messiness "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) |
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Date: January 19th, 2018 5:12 PM Author: Dead antidepressant drug site lol (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191603) |
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Date: January 19th, 2018 5:14 PM Author: honey-headed theater legal warrant cr (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191623) |
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Date: January 19th, 2018 5:33 PM Author: marvelous costumed jap haha wow holy shit (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191736) |
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Date: January 19th, 2018 5:34 PM Author: Aphrodisiac aquamarine love of her life (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191743) |
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Date: January 19th, 2018 6:31 PM Author: crystalline supple kitty cat meetinghouse (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35192158) |
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Date: January 19th, 2018 5:15 PM Author: Swollen cerebral mood 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 |
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Date: January 19th, 2018 4:58 PM Author: duck-like magical messiness who cares (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191463) |
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Date: January 19th, 2018 4:59 PM Author: Amber Concupiscible People Who Are Hurt Tanning Salon 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) |
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Date: January 19th, 2018 5:13 PM Author: vibrant chestnut step-uncle's house police squad 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) |
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Date: January 19th, 2018 5:18 PM Author: Violent maniacal area legend What's keeping you (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191646) |
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Date: January 19th, 2018 5:19 PM Author: duck-like magical messiness coinbase is down, can't fund customer assets lol (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191651) |
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Date: January 19th, 2018 5:43 PM Author: trip private investor doctorate 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) |
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Date: January 19th, 2018 5:23 PM Author: Aphrodisiac aquamarine love of her life so its bring produced like the currency its pegged to? (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191678) |
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Date: January 19th, 2018 5:29 PM Author: Smoky Electric Faggotry 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) |
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Date: January 19th, 2018 5:34 PM Author: Smoky Electric Faggotry 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) |
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Date: January 19th, 2018 5:40 PM Author: Swollen cerebral mood you sure became an anti-tether believer quickly (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191784) |
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Date: January 19th, 2018 5:41 PM Author: Smoky Electric Faggotry 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) |
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Date: January 19th, 2018 5:42 PM Author: Excitant crimson den 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. |
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Date: January 19th, 2018 5:43 PM Author: duck-like magical messiness too obvious to be true (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191808) |
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Date: January 19th, 2018 5:43 PM Author: Milky feces 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) |
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Date: January 19th, 2018 5:44 PM Author: Excitant crimson den 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) |
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Date: January 19th, 2018 6:02 PM Author: razzle-dazzle gold pit 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) |
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Date: January 20th, 2018 12:15 PM Author: translucent cumskin (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35196525) |
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Date: January 19th, 2018 5:53 PM Author: lake fiercely-loyal school affirmative action 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. |
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Date: January 19th, 2018 6:44 PM Author: well-lubricated patrolman preventive strike 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) |
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Date: January 19th, 2018 6:45 PM Author: Swollen cerebral mood Link to call you made? (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35192247) |
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Date: January 20th, 2018 10:17 AM Author: stimulating 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) |
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Date: January 19th, 2018 6:56 PM Author: nofapping brethren locus Just sold everything. Feel much better. (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35192326) |
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Date: January 19th, 2018 6:57 PM Author: Dead antidepressant drug site LOL hope it wasn't bc of this, brother |
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Date: January 20th, 2018 9:59 AM Author: Swollen cerebral mood (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35195903) |
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Date: January 20th, 2018 11:33 AM Author: Violent maniacal area legend buy high sell low (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35196325) |
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Date: January 20th, 2018 12:06 PM Author: razzle-dazzle gold pit What happened? (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35196482) |
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Date: January 20th, 2018 12:16 PM Author: Umber big-titted temple ETH is mooning again (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35196531) |
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Date: January 20th, 2018 1:28 PM Author: razzle-dazzle gold pit ungh (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35197043) |