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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
french theater
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
Grizzly deranged preventive strike chapel
  01/19/18
you need to get educated on the USDT scam, bro.
french theater
  01/19/18
What does that 16.5% mean?
Grizzly deranged preventive strike chapel
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
french theater
  01/19/18
Got it, but what's the significance of that?
Grizzly deranged preventive strike chapel
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
french theater
  01/19/18
Very interesting- thanks.
Grizzly deranged preventive strike chapel
  01/19/18
"I, and many others, suspect Tether is being used to ef...
Hairraiser ivory turdskin parlor
  01/19/18
"I, and many others, suspect the printing press is bein...
irate sadistic theatre
  01/19/18
lol
Hairraiser ivory turdskin parlor
  01/19/18
cr
Maroon lascivious friendly grandma
  01/19/18
haha wow holy shit
Harsh exciting den internal respiration
  01/19/18
...
fuchsia base
  01/19/18
...
big coldplay fan spot
  01/19/18
you can see how many hundreds of millions of dollars worth o...
french theater
  01/19/18
who cares
irate sadistic theatre
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
Cobalt corner
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
Milky Cuck Coffee Pot
  01/19/18
What's keeping you
Burgundy razzle gaming laptop
  01/19/18
coinbase is down, can't fund customer assets lol
irate sadistic theatre
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
avocado business firm dog poop
  01/19/18
so its bring produced like the currency its pegged to?
fuchsia base
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
Grizzly deranged preventive strike chapel
  01/19/18
This is a NY Times story waiting to happen. And when it does...
Grizzly deranged preventive strike chapel
  01/19/18
you sure became an anti-tether believer quickly
french theater
  01/19/18
I have a good eye for scams. I've often wondered about those...
Grizzly deranged preventive strike chapel
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
Cerebral ticket booth jap
  01/19/18
too obvious to be true
irate sadistic theatre
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
Bat-shit-crazy stubborn mental disorder lay
  01/19/18
Yeah, it could be those too. My second guess would be market...
Cerebral ticket booth jap
  01/19/18
The difference between what you are describing and kiting is...
Massive generalized bond factory reset button
  01/19/18
...
appetizing low-t senate
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
Jade home
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
motley obsidian national
  01/19/18
Link to call you made?
french theater
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
black filthy school queen of the night
  01/20/18
Just sold everything. Feel much better.
Coral talented background story ratface
  01/19/18
LOL hope it wasn't bc of this, brother
Hairraiser ivory turdskin parlor
  01/19/18
...
french theater
  01/20/18
buy high sell low
Burgundy razzle gaming laptop
  01/20/18
What happened?
Massive generalized bond factory reset button
  01/20/18
ETH is mooning again
Boyish transparent library
  01/20/18
ungh
Massive generalized bond factory reset button
  01/20/18


Poast new message in this thread



Reply Favorite

Date: January 19th, 2018 4:53 PM
Author: french theater

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: Grizzly deranged preventive strike chapel

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: french theater

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: Grizzly deranged preventive strike chapel

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: french theater

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: Grizzly deranged preventive strike chapel

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: french theater

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: Grizzly deranged preventive strike chapel

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: Hairraiser ivory turdskin parlor

"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: irate sadistic theatre

"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: Hairraiser ivory turdskin parlor

lol

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



Reply Favorite

Date: January 19th, 2018 5:14 PM
Author: Maroon lascivious friendly grandma

cr

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



Reply Favorite

Date: January 19th, 2018 5:33 PM
Author: Harsh exciting den internal respiration

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: fuchsia base



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



Reply Favorite

Date: January 19th, 2018 6:31 PM
Author: big coldplay fan spot



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



Reply Favorite

Date: January 19th, 2018 5:15 PM
Author: french theater

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: irate sadistic theatre

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: Cobalt corner

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: Milky Cuck Coffee Pot

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: Burgundy razzle gaming laptop

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: irate sadistic theatre

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: avocado business firm dog poop

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: fuchsia base

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: Grizzly deranged preventive strike chapel

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: Grizzly deranged preventive strike chapel

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: french theater

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: Grizzly deranged preventive strike chapel

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: Cerebral ticket booth jap

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: irate sadistic theatre

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: Bat-shit-crazy stubborn mental disorder lay

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: Cerebral ticket booth jap

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: Massive generalized bond factory reset button

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: appetizing low-t senate



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



Reply Favorite

Date: January 19th, 2018 5:53 PM
Author: Jade home

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: motley obsidian national

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: french theater

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: black filthy school queen of the night

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: Coral talented background story ratface

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: Hairraiser ivory turdskin parlor

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: french theater



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



Reply Favorite

Date: January 20th, 2018 11:33 AM
Author: Burgundy razzle gaming laptop

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: Massive generalized bond factory reset button

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: Boyish transparent library

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: Massive generalized bond factory reset button

ungh

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