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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
chartreuse judgmental candlestick maker
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
godawful tantric library
  01/19/18
you need to get educated on the USDT scam, bro.
chartreuse judgmental candlestick maker
  01/19/18
What does that 16.5% mean?
godawful tantric library
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
chartreuse judgmental candlestick maker
  01/19/18
Got it, but what's the significance of that?
godawful tantric library
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
chartreuse judgmental candlestick maker
  01/19/18
Very interesting- thanks.
godawful tantric library
  01/19/18
"I, and many others, suspect Tether is being used to ef...
fuchsia soul-stirring station persian
  01/19/18
"I, and many others, suspect the printing press is bein...
topaz affirmative action site
  01/19/18
lol
fuchsia soul-stirring station persian
  01/19/18
cr
narrow-minded principal's office
  01/19/18
haha wow holy shit
mind-boggling federal garrison
  01/19/18
...
spruce digit ratio
  01/19/18
...
Unhinged crotch death wish
  01/19/18
you can see how many hundreds of millions of dollars worth o...
chartreuse judgmental candlestick maker
  01/19/18
who cares
topaz affirmative action site
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
Elite marvelous reading party stage
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
razzmatazz french yarmulke
  01/19/18
What's keeping you
Shaky hairless forum
  01/19/18
coinbase is down, can't fund customer assets lol
topaz affirmative action site
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
zippy locale
  01/19/18
so its bring produced like the currency its pegged to?
spruce digit ratio
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
godawful tantric library
  01/19/18
This is a NY Times story waiting to happen. And when it does...
godawful tantric library
  01/19/18
you sure became an anti-tether believer quickly
chartreuse judgmental candlestick maker
  01/19/18
I have a good eye for scams. I've often wondered about those...
godawful tantric library
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
Racy Field Kitty
  01/19/18
too obvious to be true
topaz affirmative action site
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
Crystalline goyim idea he suggested
  01/19/18
Yeah, it could be those too. My second guess would be market...
Racy Field Kitty
  01/19/18
The difference between what you are describing and kiting is...
translucent son of senegal pit
  01/19/18
...
hideous medicated school cafeteria puppy
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
Clear thriller heaven
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
Cocky titillating plaza messiness
  01/19/18
Link to call you made?
chartreuse judgmental candlestick maker
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
brilliant odious chad mother
  01/20/18
Just sold everything. Feel much better.
motley fiercely-loyal organic girlfriend range
  01/19/18
LOL hope it wasn't bc of this, brother
fuchsia soul-stirring station persian
  01/19/18
...
chartreuse judgmental candlestick maker
  01/20/18
buy high sell low
Shaky hairless forum
  01/20/18
What happened?
translucent son of senegal pit
  01/20/18
ETH is mooning again
swollen brass state dysfunction
  01/20/18
ungh
translucent son of senegal pit
  01/20/18


Poast new message in this thread



Reply Favorite

Date: January 19th, 2018 4:53 PM
Author: chartreuse judgmental candlestick maker

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: godawful tantric library

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: chartreuse judgmental candlestick maker

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: godawful tantric library

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: chartreuse judgmental candlestick maker

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: godawful tantric library

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: chartreuse judgmental candlestick maker

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: godawful tantric library

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: fuchsia soul-stirring station persian

"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: topaz affirmative action site

"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: fuchsia soul-stirring station persian

lol

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



Reply Favorite

Date: January 19th, 2018 5:14 PM
Author: narrow-minded principal's office

cr

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



Reply Favorite

Date: January 19th, 2018 5:33 PM
Author: mind-boggling federal garrison

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: spruce digit ratio



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



Reply Favorite

Date: January 19th, 2018 6:31 PM
Author: Unhinged crotch death wish



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



Reply Favorite

Date: January 19th, 2018 5:15 PM
Author: chartreuse judgmental candlestick maker

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: topaz affirmative action site

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: Elite marvelous reading party stage

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: razzmatazz french yarmulke

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: Shaky hairless forum

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: topaz affirmative action site

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: zippy 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)



Reply Favorite

Date: January 19th, 2018 5:23 PM
Author: spruce digit ratio

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: godawful tantric library

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: godawful tantric library

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: chartreuse judgmental candlestick maker

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: godawful tantric library

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: Racy Field Kitty

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: topaz affirmative action site

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: Crystalline goyim idea he suggested

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: Racy Field Kitty

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: translucent son of senegal pit

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: hideous medicated school cafeteria puppy



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



Reply Favorite

Date: January 19th, 2018 5:53 PM
Author: Clear thriller heaven

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: Cocky titillating plaza messiness

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: chartreuse judgmental candlestick maker

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: brilliant odious chad mother

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: motley fiercely-loyal organic girlfriend range

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: fuchsia soul-stirring station persian

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: chartreuse judgmental candlestick maker



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



Reply Favorite

Date: January 20th, 2018 11:33 AM
Author: Shaky hairless forum

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: translucent son of senegal pit

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: swollen brass state dysfunction

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: translucent son of senegal pit

ungh

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