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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
green supple idea he suggested telephone
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
Wonderful transparent stead police squad
  01/19/18
you need to get educated on the USDT scam, bro.
green supple idea he suggested telephone
  01/19/18
What does that 16.5% mean?
Wonderful transparent stead police squad
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
green supple idea he suggested telephone
  01/19/18
Got it, but what's the significance of that?
Wonderful transparent stead police squad
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
green supple idea he suggested telephone
  01/19/18
Very interesting- thanks.
Wonderful transparent stead police squad
  01/19/18
"I, and many others, suspect Tether is being used to ef...
diverse french tanning salon
  01/19/18
"I, and many others, suspect the printing press is bein...
dashing sweet tailpipe
  01/19/18
lol
diverse french tanning salon
  01/19/18
cr
sick glittery location
  01/19/18
haha wow holy shit
zombie-like international law enforcement agency
  01/19/18
...
cerise 180 liquid oxygen temple
  01/19/18
...
Electric pisswyrm state
  01/19/18
you can see how many hundreds of millions of dollars worth o...
green supple idea he suggested telephone
  01/19/18
who cares
dashing sweet tailpipe
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
Razzmatazz black heaven corn cake
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
maize exhilarant stag film
  01/19/18
What's keeping you
fragrant spot yarmulke
  01/19/18
coinbase is down, can't fund customer assets lol
dashing sweet tailpipe
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
turquoise bawdyhouse pervert
  01/19/18
so its bring produced like the currency its pegged to?
cerise 180 liquid oxygen temple
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
Wonderful transparent stead police squad
  01/19/18
This is a NY Times story waiting to happen. And when it does...
Wonderful transparent stead police squad
  01/19/18
you sure became an anti-tether believer quickly
green supple idea he suggested telephone
  01/19/18
I have a good eye for scams. I've often wondered about those...
Wonderful transparent stead police squad
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
comical flesh native
  01/19/18
too obvious to be true
dashing sweet tailpipe
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
lurid anal narrative
  01/19/18
Yeah, it could be those too. My second guess would be market...
comical flesh native
  01/19/18
The difference between what you are describing and kiting is...
Dull stage double fault
  01/19/18
...
floppy mauve step-uncle's house boiling water
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
Lime set
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
Dun razzle skinny woman area
  01/19/18
Link to call you made?
green supple idea he suggested telephone
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
Vibrant immigrant hominid
  01/20/18
Just sold everything. Feel much better.
Aphrodisiac travel guidebook
  01/19/18
LOL hope it wasn't bc of this, brother
diverse french tanning salon
  01/19/18
...
green supple idea he suggested telephone
  01/20/18
buy high sell low
fragrant spot yarmulke
  01/20/18
What happened?
Dull stage double fault
  01/20/18
ETH is mooning again
Yapping autistic senate quadroon
  01/20/18
ungh
Dull stage double fault
  01/20/18


Poast new message in this thread



Reply

Date: January 19th, 2018 4:53 PM
Author: green supple idea he suggested telephone

https://www.cryptocompare.com/coins/eth/analysis/USD

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191410)



Reply

Date: January 19th, 2018 4:56 PM
Author: Wonderful transparent stead police squad

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.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191440)



Reply

Date: January 19th, 2018 4:57 PM
Author: green supple idea he suggested telephone

you need to get educated on the USDT scam, bro.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191449)



Reply

Date: January 19th, 2018 4:57 PM
Author: Wonderful transparent stead police squad

What does that 16.5% mean?

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191453)



Reply

Date: January 19th, 2018 4:58 PM
Author: green supple idea he suggested telephone

16.5% of the ETH that was bought in the past 24 hours was done using USDT (as opposed to USD, BTC, etc)

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191459)



Reply

Date: January 19th, 2018 4:58 PM
Author: Wonderful transparent stead police squad

Got it, but what's the significance of that?

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191462)



Reply

Date: January 19th, 2018 4:59 PM
Author: green supple idea he suggested telephone

https://tonyarcieri.com/the-tether-conundrum

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191476)



Reply

Date: January 19th, 2018 5:05 PM
Author: Wonderful transparent stead police squad

Very interesting- thanks.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191526)



Reply

Date: January 19th, 2018 5:10 PM
Author: diverse french tanning salon

"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

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191584)



Reply

Date: January 19th, 2018 5:11 PM
Author: dashing sweet tailpipe

"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"

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191595)



Reply

Date: January 19th, 2018 5:12 PM
Author: diverse french tanning salon

lol

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



Reply

Date: January 19th, 2018 5:14 PM
Author: sick glittery location

cr

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



Reply

Date: January 19th, 2018 5:33 PM
Author: zombie-like international law enforcement agency

haha wow holy shit

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191736)



Reply

Date: January 19th, 2018 5:34 PM
Author: cerise 180 liquid oxygen temple



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



Reply

Date: January 19th, 2018 6:31 PM
Author: Electric pisswyrm state



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



Reply

Date: January 19th, 2018 5:15 PM
Author: green supple idea he suggested 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

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191632)



Reply

Date: January 19th, 2018 4:58 PM
Author: dashing sweet tailpipe

who cares

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191463)



Reply

Date: January 19th, 2018 4:59 PM
Author: Razzmatazz black heaven corn cake

I am seriously going to sell. this seems bad. unless someone can tell me why its not.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191468)



Reply

Date: January 19th, 2018 5:13 PM
Author: maize exhilarant stag film

It's about to all come tumbling down. I've been trying to cash out all day

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191613)



Reply

Date: January 19th, 2018 5:18 PM
Author: fragrant spot yarmulke

What's keeping you

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191646)



Reply

Date: January 19th, 2018 5:19 PM
Author: dashing sweet tailpipe

coinbase is down, can't fund customer assets lol

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191651)



Reply

Date: January 19th, 2018 5:43 PM
Author: turquoise bawdyhouse pervert

STICKY: List of posters-non-grata (FUDders) on Crypto board

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191813)



Reply

Date: January 19th, 2018 5:23 PM
Author: cerise 180 liquid oxygen temple

so its bring produced like the currency its pegged to?

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191678)



Reply

Date: January 19th, 2018 5:29 PM
Author: Wonderful transparent stead police squad

But they claim to be backed by actual dollars. That's obviously a lie.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191714)



Reply

Date: January 19th, 2018 5:34 PM
Author: Wonderful transparent stead police squad

This is a NY Times story waiting to happen. And when it does, that will trigger the collapse, imo. Sell now.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191753)



Reply

Date: January 19th, 2018 5:40 PM
Author: green supple idea he suggested telephone

you sure became an anti-tether believer quickly

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191784)



Reply

Date: January 19th, 2018 5:41 PM
Author: Wonderful transparent stead police squad

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.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191791)



Reply

Date: January 19th, 2018 5:42 PM
Author: comical flesh native

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.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191799)



Reply

Date: January 19th, 2018 5:43 PM
Author: dashing sweet tailpipe

too obvious to be true

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191808)



Reply

Date: January 19th, 2018 5:43 PM
Author: lurid anal narrative

or, you know, an actual ponzi scheme, embezzlement, ... the list goes on

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191810)



Reply

Date: January 19th, 2018 5:44 PM
Author: comical flesh native

Yeah, it could be those too. My second guess would be market manipulation, though.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191822)



Reply

Date: January 19th, 2018 6:02 PM
Author: Dull stage double fault

The difference between what you are describing and kiting is in the eye of the beholder.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191971)



Reply

Date: January 20th, 2018 12:15 PM
Author: floppy mauve step-uncle's house boiling water



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



Reply

Date: January 19th, 2018 5:53 PM
Author: Lime set

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.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35191892)



Reply

Date: January 19th, 2018 6:44 PM
Author: Dun razzle skinny woman area

When it collapses I want bitches sucking my veiny Jew cock for being right.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35192231)



Reply

Date: January 19th, 2018 6:45 PM
Author: green supple idea he suggested telephone

Link to call you made?

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35192247)



Reply

Date: January 20th, 2018 10:17 AM
Author: Vibrant immigrant hominid

Suck my veiny 10,000% USD gains safely in my IRA and high interest savings account

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35195958)



Reply

Date: January 19th, 2018 6:56 PM
Author: Aphrodisiac travel guidebook

Just sold everything. Feel much better.

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35192326)



Reply

Date: January 19th, 2018 6:57 PM
Author: diverse french tanning salon

LOL

hope it wasn't bc of this, brother

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35192331)



Reply

Date: January 20th, 2018 9:59 AM
Author: green supple idea he suggested telephone



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



Reply

Date: January 20th, 2018 11:33 AM
Author: fragrant spot yarmulke

buy high sell low

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35196325)



Reply

Date: January 20th, 2018 12:06 PM
Author: Dull stage double fault

What happened?

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35196482)



Reply

Date: January 20th, 2018 12:16 PM
Author: Yapping autistic senate quadroon

ETH is mooning again

(https://autoadmit.com/thread.php?thread_id=3864788&forum_id=2#35196531)



Reply

Date: January 20th, 2018 1:28 PM
Author: Dull stage double fault

ungh

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