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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: glittery double fault step-uncle's house 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: Comical place of business 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: glittery double fault step-uncle's house 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: Comical place of business 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: glittery double fault step-uncle's house 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: Comical place of business 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: glittery double fault step-uncle's house 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: Comical place of business 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: beady-eyed reading party "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: magenta soul-stirring kitchen "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: beady-eyed reading party 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: very tactful hospital useless brakes 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: Vengeful Ebony Locus 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: Mind-boggling base foreskin (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: cerise motley locale party of the first part (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: glittery double fault step-uncle's house 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: magenta soul-stirring kitchen 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: trip startling black woman 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: Razzmatazz depressive dopamine 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: burgundy jap 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: magenta soul-stirring kitchen 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: Indigo Swollen Dysfunction Hall 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: Mind-boggling base foreskin 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: Comical place of business 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: Comical place of business 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: glittery double fault step-uncle's house 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: Comical place of business 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: Aphrodisiac honey-headed trailer park 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: magenta soul-stirring kitchen 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: khaki marvelous bawdyhouse faggot firefighter 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: Aphrodisiac honey-headed trailer park 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: Yapping blood rage 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: brass 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: cordovan insecure den 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: bonkers federal theatre 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: glittery double fault step-uncle's house 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: flesh fighting station 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: Galvanic sex offender 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: beady-eyed reading party LOL hope it wasn't bc of this, brother |
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Date: January 20th, 2018 9:59 AM Author: glittery double fault step-uncle's house (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: burgundy jap 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: Yapping blood rage 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: navy stimulating scourge upon the earth 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: Yapping blood rage ungh (http://www.autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35197043) |