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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
Laughsome Scarlet Crackhouse Patrolman
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
walnut hospital
  01/19/18
you need to get educated on the USDT scam, bro.
Laughsome Scarlet Crackhouse Patrolman
  01/19/18
What does that 16.5% mean?
walnut hospital
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
Laughsome Scarlet Crackhouse Patrolman
  01/19/18
Got it, but what's the significance of that?
walnut hospital
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
Laughsome Scarlet Crackhouse Patrolman
  01/19/18
Very interesting- thanks.
walnut hospital
  01/19/18
"I, and many others, suspect Tether is being used to ef...
unholy station sex offender
  01/19/18
"I, and many others, suspect the printing press is bein...
Opaque Glittery Dog Poop Son Of Senegal
  01/19/18
lol
unholy station sex offender
  01/19/18
cr
provocative insane electric furnace
  01/19/18
haha wow holy shit
Dashing coffee pot national
  01/19/18
...
Vengeful multi-billionaire market
  01/19/18
...
Cerebral dead mad-dog skullcap liquid oxygen
  01/19/18
you can see how many hundreds of millions of dollars worth o...
Laughsome Scarlet Crackhouse Patrolman
  01/19/18
who cares
Opaque Glittery Dog Poop Son Of Senegal
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
tripping boyish cuck lettuce
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
titillating flirting blood rage travel guidebook
  01/19/18
What's keeping you
Chartreuse jet-lagged spot feces
  01/19/18
coinbase is down, can't fund customer assets lol
Opaque Glittery Dog Poop Son Of Senegal
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
Talented codepig address
  01/19/18
so its bring produced like the currency its pegged to?
Vengeful multi-billionaire market
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
walnut hospital
  01/19/18
This is a NY Times story waiting to happen. And when it does...
walnut hospital
  01/19/18
you sure became an anti-tether believer quickly
Laughsome Scarlet Crackhouse Patrolman
  01/19/18
I have a good eye for scams. I've often wondered about those...
walnut hospital
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
Histrionic tank idea he suggested
  01/19/18
too obvious to be true
Opaque Glittery Dog Poop Son Of Senegal
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
splenetic rigpig
  01/19/18
Yeah, it could be those too. My second guess would be market...
Histrionic tank idea he suggested
  01/19/18
The difference between what you are describing and kiting is...
fear-inspiring brass gay wizard ape
  01/19/18
...
Judgmental Translucent Love Of Her Life
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
Lemon Hominid
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
concupiscible cheese-eating laser beams
  01/19/18
Link to call you made?
Laughsome Scarlet Crackhouse Patrolman
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
heady milky bbw milk
  01/20/18
Just sold everything. Feel much better.
Transparent turdskin
  01/19/18
LOL hope it wasn't bc of this, brother
unholy station sex offender
  01/19/18
...
Laughsome Scarlet Crackhouse Patrolman
  01/20/18
buy high sell low
Chartreuse jet-lagged spot feces
  01/20/18
What happened?
fear-inspiring brass gay wizard ape
  01/20/18
ETH is mooning again
trip bat-shit-crazy deer antler
  01/20/18
ungh
fear-inspiring brass gay wizard ape
  01/20/18


Poast new message in this thread



Reply Favorite

Date: January 19th, 2018 4:53 PM
Author: Laughsome Scarlet Crackhouse Patrolman

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: walnut hospital

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: Laughsome Scarlet Crackhouse Patrolman

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: walnut hospital

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: Laughsome Scarlet Crackhouse Patrolman

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: walnut hospital

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: Laughsome Scarlet Crackhouse Patrolman

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: walnut hospital

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: unholy station sex offender

"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: Opaque Glittery Dog Poop Son Of Senegal

"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: unholy station sex offender

lol

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



Reply Favorite

Date: January 19th, 2018 5:14 PM
Author: provocative insane electric furnace

cr

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



Reply Favorite

Date: January 19th, 2018 5:33 PM
Author: Dashing coffee pot national

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: Vengeful multi-billionaire market



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



Reply Favorite

Date: January 19th, 2018 6:31 PM
Author: Cerebral dead mad-dog skullcap liquid oxygen



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



Reply Favorite

Date: January 19th, 2018 5:15 PM
Author: Laughsome Scarlet Crackhouse Patrolman

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: Opaque Glittery Dog Poop Son Of Senegal

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: tripping boyish cuck lettuce

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 flirting blood rage travel guidebook

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: Chartreuse jet-lagged spot feces

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: Opaque Glittery Dog Poop Son Of Senegal

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: Talented codepig address

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: Vengeful multi-billionaire market

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: walnut hospital

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: walnut hospital

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: Laughsome Scarlet Crackhouse Patrolman

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: walnut hospital

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: Histrionic tank idea he suggested

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: Opaque Glittery Dog Poop Son Of Senegal

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: splenetic rigpig

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: Histrionic tank idea he suggested

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: fear-inspiring brass gay wizard ape

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: Judgmental Translucent Love Of Her Life



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



Reply Favorite

Date: January 19th, 2018 5:53 PM
Author: Lemon Hominid

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: concupiscible cheese-eating laser beams

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: Laughsome Scarlet Crackhouse Patrolman

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: heady milky bbw milk

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: Transparent turdskin

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: unholy station sex offender

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: Laughsome Scarlet Crackhouse Patrolman



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



Reply Favorite

Date: January 20th, 2018 11:33 AM
Author: Chartreuse jet-lagged spot feces

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: fear-inspiring brass gay wizard ape

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: trip bat-shit-crazy deer antler

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: fear-inspiring brass gay wizard ape

ungh

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