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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
Nofapping Mint Reading Party Skinny Woman
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
Misanthropic glittery locale
  01/19/18
you need to get educated on the USDT scam, bro.
Nofapping Mint Reading Party Skinny Woman
  01/19/18
What does that 16.5% mean?
Misanthropic glittery locale
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
Nofapping Mint Reading Party Skinny Woman
  01/19/18
Got it, but what's the significance of that?
Misanthropic glittery locale
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
Nofapping Mint Reading Party Skinny Woman
  01/19/18
Very interesting- thanks.
Misanthropic glittery locale
  01/19/18
"I, and many others, suspect Tether is being used to ef...
Self-centered beady-eyed trump supporter
  01/19/18
"I, and many others, suspect the printing press is bein...
contagious disturbing rehab really tough guy
  01/19/18
lol
Self-centered beady-eyed trump supporter
  01/19/18
cr
adulterous sweet tailpipe stead
  01/19/18
haha wow holy shit
azure bat shit crazy church building
  01/19/18
...
mentally impaired bright senate pisswyrm
  01/19/18
...
Deep opaque orchestra pit
  01/19/18
you can see how many hundreds of millions of dollars worth o...
Nofapping Mint Reading Party Skinny Woman
  01/19/18
who cares
contagious disturbing rehab really tough guy
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
godawful walnut partner
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
Provocative deranged mad-dog skullcap
  01/19/18
What's keeping you
Dun dilemma electric furnace
  01/19/18
coinbase is down, can't fund customer assets lol
contagious disturbing rehab really tough guy
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
Talking candlestick maker
  01/19/18
so its bring produced like the currency its pegged to?
mentally impaired bright senate pisswyrm
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
Misanthropic glittery locale
  01/19/18
This is a NY Times story waiting to happen. And when it does...
Misanthropic glittery locale
  01/19/18
you sure became an anti-tether believer quickly
Nofapping Mint Reading Party Skinny Woman
  01/19/18
I have a good eye for scams. I've often wondered about those...
Misanthropic glittery locale
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
Stimulating stag film newt
  01/19/18
too obvious to be true
contagious disturbing rehab really tough guy
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
Flatulent mother church
  01/19/18
Yeah, it could be those too. My second guess would be market...
Stimulating stag film newt
  01/19/18
The difference between what you are describing and kiting is...
Wine Tantric Bawdyhouse Rigpig
  01/19/18
...
Concupiscible Genital Piercing Cruise Ship
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
blue comical boistinker center
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
lake pungent site
  01/19/18
Link to call you made?
Nofapping Mint Reading Party Skinny Woman
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
sienna useless brakes
  01/20/18
Just sold everything. Feel much better.
Violet indian lodge mad cow disease
  01/19/18
LOL hope it wasn't bc of this, brother
Self-centered beady-eyed trump supporter
  01/19/18
...
Nofapping Mint Reading Party Skinny Woman
  01/20/18
buy high sell low
Dun dilemma electric furnace
  01/20/18
What happened?
Wine Tantric Bawdyhouse Rigpig
  01/20/18
ETH is mooning again
Copper Stubborn Hunting Ground Spot
  01/20/18
ungh
Wine Tantric Bawdyhouse Rigpig
  01/20/18


Poast new message in this thread



Reply Favorite

Date: January 19th, 2018 4:53 PM
Author: Nofapping Mint Reading Party Skinny Woman

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: Misanthropic glittery locale

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: Nofapping Mint Reading Party Skinny Woman

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: Misanthropic glittery locale

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: Nofapping Mint Reading Party Skinny Woman

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: Misanthropic glittery locale

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: Nofapping Mint Reading Party Skinny Woman

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: Misanthropic glittery locale

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: Self-centered beady-eyed trump supporter

"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: contagious disturbing rehab really tough guy

"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: Self-centered beady-eyed trump supporter

lol

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



Reply Favorite

Date: January 19th, 2018 5:14 PM
Author: adulterous sweet tailpipe stead

cr

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



Reply Favorite

Date: January 19th, 2018 5:33 PM
Author: azure bat shit crazy church building

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: mentally impaired bright senate pisswyrm



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



Reply Favorite

Date: January 19th, 2018 6:31 PM
Author: Deep opaque orchestra pit



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



Reply Favorite

Date: January 19th, 2018 5:15 PM
Author: Nofapping Mint Reading Party Skinny Woman

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: contagious disturbing rehab really tough guy

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: godawful walnut partner

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: Provocative deranged mad-dog skullcap

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: Dun dilemma electric furnace

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: contagious disturbing rehab really tough guy

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: Talking candlestick maker

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: mentally impaired bright senate pisswyrm

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: Misanthropic glittery locale

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: Misanthropic glittery locale

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: Nofapping Mint Reading Party Skinny Woman

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: Misanthropic glittery locale

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: Stimulating stag film newt

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: contagious disturbing rehab really tough guy

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: Flatulent mother church

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: Stimulating stag film newt

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: Wine Tantric Bawdyhouse Rigpig

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: Concupiscible Genital Piercing Cruise Ship



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



Reply Favorite

Date: January 19th, 2018 5:53 PM
Author: blue comical boistinker center

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: lake pungent site

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: Nofapping Mint Reading Party Skinny Woman

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: sienna useless brakes

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: Violet indian lodge mad cow disease

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: Self-centered beady-eyed trump supporter

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: Nofapping Mint Reading Party Skinny Woman



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



Reply Favorite

Date: January 20th, 2018 11:33 AM
Author: Dun dilemma electric furnace

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: Wine Tantric Bawdyhouse Rigpig

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: Copper Stubborn Hunting Ground Spot

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: Wine Tantric Bawdyhouse Rigpig

ungh

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