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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
grizzly gunner telephone
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
Avocado abusive partner meetinghouse
  01/19/18
you need to get educated on the USDT scam, bro.
grizzly gunner telephone
  01/19/18
What does that 16.5% mean?
Avocado abusive partner meetinghouse
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
grizzly gunner telephone
  01/19/18
Got it, but what's the significance of that?
Avocado abusive partner meetinghouse
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
grizzly gunner telephone
  01/19/18
Very interesting- thanks.
Avocado abusive partner meetinghouse
  01/19/18
"I, and many others, suspect Tether is being used to ef...
flickering citrine temple fat ankles
  01/19/18
"I, and many others, suspect the printing press is bein...
misunderstood odious antidepressant drug
  01/19/18
lol
flickering citrine temple fat ankles
  01/19/18
cr
Sticky church building
  01/19/18
haha wow holy shit
Aphrodisiac voyeur
  01/19/18
...
irradiated range pistol
  01/19/18
...
Henna Histrionic Haunted Graveyard
  01/19/18
you can see how many hundreds of millions of dollars worth o...
grizzly gunner telephone
  01/19/18
who cares
misunderstood odious antidepressant drug
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
Titillating native place of business
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
Milky Sneaky Criminal Hell
  01/19/18
What's keeping you
Glittery White Codepig Stag Film
  01/19/18
coinbase is down, can't fund customer assets lol
misunderstood odious antidepressant drug
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
Learning disabled patrolman gaping
  01/19/18
so its bring produced like the currency its pegged to?
irradiated range pistol
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
Avocado abusive partner meetinghouse
  01/19/18
This is a NY Times story waiting to happen. And when it does...
Avocado abusive partner meetinghouse
  01/19/18
you sure became an anti-tether believer quickly
grizzly gunner telephone
  01/19/18
I have a good eye for scams. I've often wondered about those...
Avocado abusive partner meetinghouse
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
Infuriating Autistic Toaster Regret
  01/19/18
too obvious to be true
misunderstood odious antidepressant drug
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
Excitant brindle nowag
  01/19/18
Yeah, it could be those too. My second guess would be market...
Infuriating Autistic Toaster Regret
  01/19/18
The difference between what you are describing and kiting is...
azure mind-boggling lodge organic girlfriend
  01/19/18
...
Metal school cafeteria
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
mahogany pocket flask
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
thirsty boyish main people
  01/19/18
Link to call you made?
grizzly gunner telephone
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
aromatic laser beams
  01/20/18
Just sold everything. Feel much better.
Hot house-broken newt
  01/19/18
LOL hope it wasn't bc of this, brother
flickering citrine temple fat ankles
  01/19/18
...
grizzly gunner telephone
  01/20/18
buy high sell low
Glittery White Codepig Stag Film
  01/20/18
What happened?
azure mind-boggling lodge organic girlfriend
  01/20/18
ETH is mooning again
Racy psychic national
  01/20/18
ungh
azure mind-boggling lodge organic girlfriend
  01/20/18


Poast new message in this thread



Reply Favorite

Date: January 19th, 2018 4:53 PM
Author: grizzly gunner telephone

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: Avocado abusive partner meetinghouse

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: grizzly gunner telephone

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: Avocado abusive partner meetinghouse

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: grizzly gunner telephone

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: Avocado abusive partner meetinghouse

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: grizzly gunner telephone

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: Avocado abusive partner meetinghouse

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: flickering citrine temple fat ankles

"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: misunderstood odious antidepressant drug

"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: flickering citrine temple fat ankles

lol

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



Reply Favorite

Date: January 19th, 2018 5:14 PM
Author: Sticky church building

cr

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



Reply Favorite

Date: January 19th, 2018 5:33 PM
Author: Aphrodisiac voyeur

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: irradiated range pistol



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



Reply Favorite

Date: January 19th, 2018 6:31 PM
Author: Henna Histrionic Haunted Graveyard



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



Reply Favorite

Date: January 19th, 2018 5:15 PM
Author: grizzly gunner telephone

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: misunderstood odious antidepressant drug

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: Titillating native place of business

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 Sneaky Criminal Hell

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: Glittery White Codepig Stag Film

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: misunderstood odious antidepressant drug

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: Learning disabled patrolman gaping

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: irradiated range pistol

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: Avocado abusive partner meetinghouse

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: Avocado abusive partner meetinghouse

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: grizzly gunner telephone

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: Avocado abusive partner meetinghouse

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: Infuriating Autistic Toaster Regret

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: misunderstood odious antidepressant drug

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: Excitant brindle nowag

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: Infuriating Autistic Toaster Regret

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: azure mind-boggling lodge organic girlfriend

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: Metal school cafeteria



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



Reply Favorite

Date: January 19th, 2018 5:53 PM
Author: mahogany pocket flask

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: thirsty boyish main people

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: grizzly gunner telephone

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: aromatic laser beams

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: Hot house-broken newt

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: flickering citrine temple fat ankles

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: grizzly gunner telephone



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



Reply Favorite

Date: January 20th, 2018 11:33 AM
Author: Glittery White Codepig Stag Film

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: azure mind-boggling lodge organic girlfriend

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: Racy psychic national

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: azure mind-boggling lodge organic girlfriend

ungh

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