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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
ruddy chapel
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
naked national police squad
  01/19/18
you need to get educated on the USDT scam, bro.
ruddy chapel
  01/19/18
What does that 16.5% mean?
naked national police squad
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
ruddy chapel
  01/19/18
Got it, but what's the significance of that?
naked national police squad
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
ruddy chapel
  01/19/18
Very interesting- thanks.
naked national police squad
  01/19/18
"I, and many others, suspect Tether is being used to ef...
Cracking filthy son of senegal ticket booth
  01/19/18
"I, and many others, suspect the printing press is bein...
mahogany irradiated boiling water
  01/19/18
lol
Cracking filthy son of senegal ticket booth
  01/19/18
cr
Laughsome halford whorehouse
  01/19/18
haha wow holy shit
Exciting den
  01/19/18
...
electric temple
  01/19/18
...
khaki azn gaming laptop
  01/19/18
you can see how many hundreds of millions of dollars worth o...
ruddy chapel
  01/19/18
who cares
mahogany irradiated boiling water
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
Fuchsia pocket flask famous landscape painting
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
vibrant chartreuse hall quadroon
  01/19/18
What's keeping you
adulterous exhilarant internal respiration cuckold
  01/19/18
coinbase is down, can't fund customer assets lol
mahogany irradiated boiling water
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
vengeful razzle filthpig
  01/19/18
so its bring produced like the currency its pegged to?
electric temple
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
naked national police squad
  01/19/18
This is a NY Times story waiting to happen. And when it does...
naked national police squad
  01/19/18
you sure became an anti-tether believer quickly
ruddy chapel
  01/19/18
I have a good eye for scams. I've often wondered about those...
naked national police squad
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
violet well-lubricated volcanic crater
  01/19/18
too obvious to be true
mahogany irradiated boiling water
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
Aromatic bbw
  01/19/18
Yeah, it could be those too. My second guess would be market...
violet well-lubricated volcanic crater
  01/19/18
The difference between what you are describing and kiting is...
Abusive Galvanic Friendly Grandma Corner
  01/19/18
...
concupiscible startling cuck center
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
Saffron high-end mediation
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
learning disabled brunch
  01/19/18
Link to call you made?
ruddy chapel
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
beady-eyed skinny woman
  01/20/18
Just sold everything. Feel much better.
appetizing plum base
  01/19/18
LOL hope it wasn't bc of this, brother
Cracking filthy son of senegal ticket booth
  01/19/18
...
ruddy chapel
  01/20/18
buy high sell low
adulterous exhilarant internal respiration cuckold
  01/20/18
What happened?
Abusive Galvanic Friendly Grandma Corner
  01/20/18
ETH is mooning again
bisexual umber set background story
  01/20/18
ungh
Abusive Galvanic Friendly Grandma Corner
  01/20/18


Poast new message in this thread



Reply Favorite

Date: January 19th, 2018 4:53 PM
Author: ruddy chapel

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: naked national 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.

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



Reply Favorite

Date: January 19th, 2018 4:57 PM
Author: ruddy chapel

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: naked national police squad

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: ruddy chapel

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: naked national police squad

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: ruddy chapel

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: naked national police squad

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: Cracking filthy son of senegal ticket booth

"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: mahogany irradiated boiling water

"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: Cracking filthy son of senegal ticket booth

lol

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



Reply Favorite

Date: January 19th, 2018 5:14 PM
Author: Laughsome halford whorehouse

cr

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



Reply Favorite

Date: January 19th, 2018 5:33 PM
Author: Exciting den

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: electric temple



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



Reply Favorite

Date: January 19th, 2018 6:31 PM
Author: khaki azn gaming laptop



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



Reply Favorite

Date: January 19th, 2018 5:15 PM
Author: ruddy chapel

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: mahogany irradiated boiling water

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: Fuchsia pocket flask famous landscape painting

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: vibrant chartreuse hall quadroon

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: adulterous exhilarant internal respiration cuckold

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: mahogany irradiated boiling water

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: vengeful razzle filthpig

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: electric temple

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: naked national police squad

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: naked national police squad

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: ruddy chapel

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: naked national 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.

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



Reply Favorite

Date: January 19th, 2018 5:42 PM
Author: violet well-lubricated volcanic crater

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: mahogany irradiated boiling water

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: Aromatic bbw

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: violet well-lubricated volcanic crater

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: Abusive Galvanic Friendly Grandma Corner

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 startling cuck center



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



Reply Favorite

Date: January 19th, 2018 5:53 PM
Author: Saffron high-end mediation

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: learning disabled brunch

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: ruddy chapel

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: beady-eyed skinny woman

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: appetizing plum base

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: Cracking filthy son of senegal ticket booth

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: ruddy chapel



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



Reply Favorite

Date: January 20th, 2018 11:33 AM
Author: adulterous exhilarant internal respiration cuckold

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: Abusive Galvanic Friendly Grandma Corner

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: bisexual umber set background story

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: Abusive Galvanic Friendly Grandma Corner

ungh

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