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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
fluffy jade goal in life station
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
Buff bearded cuckold son of senegal
  01/19/18
you need to get educated on the USDT scam, bro.
fluffy jade goal in life station
  01/19/18
What does that 16.5% mean?
Buff bearded cuckold son of senegal
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
fluffy jade goal in life station
  01/19/18
Got it, but what's the significance of that?
Buff bearded cuckold son of senegal
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
fluffy jade goal in life station
  01/19/18
Very interesting- thanks.
Buff bearded cuckold son of senegal
  01/19/18
"I, and many others, suspect Tether is being used to ef...
beta big theater stage
  01/19/18
"I, and many others, suspect the printing press is bein...
ocher aphrodisiac chapel
  01/19/18
lol
beta big theater stage
  01/19/18
cr
ivory odious incel
  01/19/18
haha wow holy shit
Razzle-dazzle circlehead crackhouse
  01/19/18
...
Beady-eyed Business Firm
  01/19/18
...
bateful learning disabled cruise ship police squad
  01/19/18
you can see how many hundreds of millions of dollars worth o...
fluffy jade goal in life station
  01/19/18
who cares
ocher aphrodisiac chapel
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
Ruby Windowlicker
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
self-centered walnut tattoo brunch
  01/19/18
What's keeping you
Hyperactive violet mad cow disease
  01/19/18
coinbase is down, can't fund customer assets lol
ocher aphrodisiac chapel
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
Khaki razzmatazz athletic conference gaming laptop
  01/19/18
so its bring produced like the currency its pegged to?
Beady-eyed Business Firm
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
Buff bearded cuckold son of senegal
  01/19/18
This is a NY Times story waiting to happen. And when it does...
Buff bearded cuckold son of senegal
  01/19/18
you sure became an anti-tether believer quickly
fluffy jade goal in life station
  01/19/18
I have a good eye for scams. I've often wondered about those...
Buff bearded cuckold son of senegal
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
aqua wagecucks space
  01/19/18
too obvious to be true
ocher aphrodisiac chapel
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
titillating private investor
  01/19/18
Yeah, it could be those too. My second guess would be market...
aqua wagecucks space
  01/19/18
The difference between what you are describing and kiting is...
Pink Home Therapy
  01/19/18
...
Territorial quadroon ape
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
Indecent soul-stirring spot newt
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
up-to-no-good shrine reading party
  01/19/18
Link to call you made?
fluffy jade goal in life station
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
twisted lilac bawdyhouse
  01/20/18
Just sold everything. Feel much better.
Blue bossy address
  01/19/18
LOL hope it wasn't bc of this, brother
beta big theater stage
  01/19/18
...
fluffy jade goal in life station
  01/20/18
buy high sell low
Hyperactive violet mad cow disease
  01/20/18
What happened?
Pink Home Therapy
  01/20/18
ETH is mooning again
cocky set sneaky criminal
  01/20/18
ungh
Pink Home Therapy
  01/20/18


Poast new message in this thread



Reply Favorite

Date: January 19th, 2018 4:53 PM
Author: fluffy jade goal in life station

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: Buff bearded cuckold son of senegal

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: fluffy jade goal in life station

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: Buff bearded cuckold son of senegal

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: fluffy jade goal in life station

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: Buff bearded cuckold son of senegal

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: fluffy jade goal in life station

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: Buff bearded cuckold son of senegal

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: beta big theater stage

"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: ocher aphrodisiac chapel

"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: beta big theater stage

lol

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



Reply Favorite

Date: January 19th, 2018 5:14 PM
Author: ivory odious incel

cr

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



Reply Favorite

Date: January 19th, 2018 5:33 PM
Author: Razzle-dazzle circlehead crackhouse

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: Beady-eyed Business Firm



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



Reply Favorite

Date: January 19th, 2018 6:31 PM
Author: bateful learning disabled cruise ship police squad



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



Reply Favorite

Date: January 19th, 2018 5:15 PM
Author: fluffy jade goal in life station

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: ocher aphrodisiac chapel

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: Ruby Windowlicker

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: self-centered walnut tattoo brunch

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: Hyperactive violet mad cow disease

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: ocher aphrodisiac chapel

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: Khaki razzmatazz athletic conference gaming laptop

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: Beady-eyed Business Firm

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: Buff bearded cuckold son of senegal

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: Buff bearded cuckold son of senegal

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: fluffy jade goal in life station

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: Buff bearded cuckold son of senegal

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: aqua wagecucks space

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: ocher aphrodisiac chapel

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: titillating private investor

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: aqua wagecucks space

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: Pink Home Therapy

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: Territorial quadroon ape



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



Reply Favorite

Date: January 19th, 2018 5:53 PM
Author: Indecent soul-stirring spot newt

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: up-to-no-good shrine reading party

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: fluffy jade goal in life station

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: twisted lilac bawdyhouse

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: Blue bossy address

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: beta big theater stage

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: fluffy jade goal in life station



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



Reply Favorite

Date: January 20th, 2018 11:33 AM
Author: Hyperactive violet mad cow disease

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: Pink Home Therapy

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: cocky set sneaky criminal

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: Pink Home Therapy

ungh

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