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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 School Cafeteria 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: aggressive translucent giraffe 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 School Cafeteria 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: aggressive translucent giraffe 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 School Cafeteria 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: aggressive translucent giraffe 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 School Cafeteria 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: aggressive translucent giraffe 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: Fluffy lemon rigpig lodge "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: Pearly Soul-stirring Idiot Plaza "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: Fluffy lemon rigpig lodge 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: Buff cerebral feces 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: comical voyeur athletic conference 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: bistre soggy box office (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: titillating useless brakes (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 School Cafeteria 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: Pearly Soul-stirring Idiot Plaza 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: Federal Range Persian 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: at-the-ready navy center 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: Hairraiser space 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: Pearly Soul-stirring Idiot Plaza 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: Amber locale 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: bistre soggy box office 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: aggressive translucent giraffe 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: aggressive translucent giraffe 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 School Cafeteria 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: aggressive translucent giraffe 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: Excitant people who are hurt 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: Pearly Soul-stirring Idiot Plaza 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: Fishy swollen scourge upon the earth university 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: Excitant people who are hurt 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: Vivacious dingle berry parlour 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: cocky supple field (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: submissive pit legend 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: Talented Base Toaster 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 School Cafeteria 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: histrionic sapphire tanning salon 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: drab geriatric antidepressant drug 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: Fluffy lemon rigpig lodge LOL hope it wasn't bc of this, brother |
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Date: January 20th, 2018 9:59 AM Author: Laughsome School Cafeteria (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: Hairraiser space 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: Vivacious dingle berry parlour 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: Mildly autistic house ceo 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: Vivacious dingle berry parlour ungh (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35197043) |