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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
pearl codepig laser beams
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
Swashbuckling Violet Rehab Sneaky Criminal
  01/19/18
you need to get educated on the USDT scam, bro.
pearl codepig laser beams
  01/19/18
What does that 16.5% mean?
Swashbuckling Violet Rehab Sneaky Criminal
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
pearl codepig laser beams
  01/19/18
Got it, but what's the significance of that?
Swashbuckling Violet Rehab Sneaky Criminal
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
pearl codepig laser beams
  01/19/18
Very interesting- thanks.
Swashbuckling Violet Rehab Sneaky Criminal
  01/19/18
"I, and many others, suspect Tether is being used to ef...
Infuriating Turquoise Main People
  01/19/18
"I, and many others, suspect the printing press is bein...
Brilliant bearded halford point
  01/19/18
lol
Infuriating Turquoise Main People
  01/19/18
cr
hateful shitlib community account
  01/19/18
haha wow holy shit
Awkward Startled Digit Ratio Partner
  01/19/18
...
blue athletic conference
  01/19/18
...
Obsidian Tank Shrine
  01/19/18
you can see how many hundreds of millions of dollars worth o...
pearl codepig laser beams
  01/19/18
who cares
Brilliant bearded halford point
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
Fiercely-loyal galvanic business firm factory reset button
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
scarlet cowardly boltzmann
  01/19/18
What's keeping you
Frozen heaven puppy
  01/19/18
coinbase is down, can't fund customer assets lol
Brilliant bearded halford point
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
honey-headed old irish cottage
  01/19/18
so its bring produced like the currency its pegged to?
blue athletic conference
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
Swashbuckling Violet Rehab Sneaky Criminal
  01/19/18
This is a NY Times story waiting to happen. And when it does...
Swashbuckling Violet Rehab Sneaky Criminal
  01/19/18
you sure became an anti-tether believer quickly
pearl codepig laser beams
  01/19/18
I have a good eye for scams. I've often wondered about those...
Swashbuckling Violet Rehab Sneaky Criminal
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
lascivious gas station stock car
  01/19/18
too obvious to be true
Brilliant bearded halford point
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
Cerebral Tan Double Fault Public Bath
  01/19/18
Yeah, it could be those too. My second guess would be market...
lascivious gas station stock car
  01/19/18
The difference between what you are describing and kiting is...
Mind-boggling genital piercing resort
  01/19/18
...
Wonderful Nofapping Mental Disorder Office
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
bonkers motley garrison
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
Excitant kink-friendly stain
  01/19/18
Link to call you made?
pearl codepig laser beams
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
Sickened Karate
  01/20/18
Just sold everything. Feel much better.
sooty temple
  01/19/18
LOL hope it wasn't bc of this, brother
Infuriating Turquoise Main People
  01/19/18
...
pearl codepig laser beams
  01/20/18
buy high sell low
Frozen heaven puppy
  01/20/18
What happened?
Mind-boggling genital piercing resort
  01/20/18
ETH is mooning again
Multi-colored Emerald Jewess Theater
  01/20/18
ungh
Mind-boggling genital piercing resort
  01/20/18


Poast new message in this thread



Reply Favorite

Date: January 19th, 2018 4:53 PM
Author: pearl codepig laser beams

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: Swashbuckling Violet Rehab 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: pearl codepig laser beams

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: Swashbuckling Violet Rehab 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: pearl codepig laser beams

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: Swashbuckling Violet Rehab 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: pearl codepig laser beams

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: Swashbuckling Violet Rehab 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: Infuriating Turquoise Main People

"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: Brilliant bearded halford point

"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: Infuriating Turquoise Main People

lol

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



Reply Favorite

Date: January 19th, 2018 5:14 PM
Author: hateful shitlib community account

cr

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



Reply Favorite

Date: January 19th, 2018 5:33 PM
Author: Awkward Startled Digit Ratio Partner

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: blue athletic conference



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



Reply Favorite

Date: January 19th, 2018 6:31 PM
Author: Obsidian Tank Shrine



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



Reply Favorite

Date: January 19th, 2018 5:15 PM
Author: pearl codepig laser beams

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: Brilliant bearded halford point

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: Fiercely-loyal galvanic business firm factory reset button

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: scarlet cowardly boltzmann

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: Frozen heaven puppy

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: Brilliant bearded halford point

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: honey-headed old irish cottage

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: blue athletic conference

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: Swashbuckling Violet Rehab 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: Swashbuckling Violet Rehab 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: pearl codepig laser beams

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: Swashbuckling Violet Rehab 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: lascivious gas station stock car

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: Brilliant bearded halford point

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: Cerebral Tan Double Fault Public Bath

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: lascivious gas station stock car

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: Mind-boggling genital piercing resort

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: Wonderful Nofapping Mental Disorder Office



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



Reply Favorite

Date: January 19th, 2018 5:53 PM
Author: bonkers motley garrison

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: Excitant kink-friendly stain

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: pearl codepig laser beams

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: Sickened Karate

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: sooty temple

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: Infuriating Turquoise Main People

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: pearl codepig laser beams



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



Reply Favorite

Date: January 20th, 2018 11:33 AM
Author: Frozen heaven puppy

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: Mind-boggling genital piercing resort

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: Multi-colored Emerald Jewess Theater

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: Mind-boggling genital piercing resort

ungh

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