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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: laughsome rehab 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: Charismatic circlehead 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: laughsome rehab 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: Charismatic circlehead 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: laughsome rehab 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: Charismatic circlehead 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: laughsome rehab 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: Charismatic circlehead 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: Lake toilet seat "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: iridescent fantasy-prone sweet tailpipe "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: Lake toilet seat 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: floppy masturbator site 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: autistic trailer park new version 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: Embarrassed To The Bone Irradiated Marketing Idea Boltzmann (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: self-centered cheese-eating bawdyhouse (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: laughsome rehab 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: iridescent fantasy-prone sweet tailpipe 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: Titillating temple 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: Crawly gas station legal warrant 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: swashbuckling hissy fit affirmative action 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: iridescent fantasy-prone sweet tailpipe 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: Frozen wonderful field elastic band 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: Embarrassed To The Bone Irradiated Marketing Idea Boltzmann 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: Charismatic circlehead 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: Charismatic circlehead 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: laughsome rehab 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: Charismatic circlehead 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: fragrant cowardly stead 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: iridescent fantasy-prone sweet tailpipe 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: flushed useless ape 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: fragrant cowardly stead 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: ruddy stimulating school cafeteria place of business 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: Arousing frisky jewess cuckoldry (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: aphrodisiac faggotry 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: mint dashing church 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: laughsome rehab 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: Blue concupiscible fortuitous meteor 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: learning disabled tanning salon fat ankles 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: Lake toilet seat LOL hope it wasn't bc of this, brother |
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Date: January 20th, 2018 9:59 AM Author: laughsome rehab (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: swashbuckling hissy fit affirmative action 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: ruddy stimulating school cafeteria place of business 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: filthy cruel-hearted home gay wizard 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: ruddy stimulating school cafeteria place of business ungh (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35197043) |