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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
beta roast beef dog poop
  01/19/18
Had to google that one: https://www.cryptocompare.com/coi...
Stirring gay mad cow disease
  01/19/18
you need to get educated on the USDT scam, bro.
beta roast beef dog poop
  01/19/18
What does that 16.5% mean?
Stirring gay mad cow disease
  01/19/18
16.5% of the ETH that was bought in the past 24 hours was do...
beta roast beef dog poop
  01/19/18
Got it, but what's the significance of that?
Stirring gay mad cow disease
  01/19/18
https://tonyarcieri.com/the-tether-conundrum
beta roast beef dog poop
  01/19/18
Very interesting- thanks.
Stirring gay mad cow disease
  01/19/18
"I, and many others, suspect Tether is being used to ef...
Galvanic rehab coldplay fan
  01/19/18
"I, and many others, suspect the printing press is bein...
bateful whorehouse
  01/19/18
lol
Galvanic rehab coldplay fan
  01/19/18
cr
maniacal primrose space rigpig
  01/19/18
haha wow holy shit
Razzle-dazzle Theater Stage Juggernaut
  01/19/18
...
Floppy dun generalized bond
  01/19/18
...
boyish ruby office doctorate
  01/19/18
you can see how many hundreds of millions of dollars worth o...
beta roast beef dog poop
  01/19/18
who cares
bateful whorehouse
  01/19/18
I am seriously going to sell. this seems bad. unless someone...
Contagious knife
  01/19/18
It's about to all come tumbling down. I've been trying to ca...
maroon abnormal meetinghouse nowag
  01/19/18
What's keeping you
Bipolar bearded set clown
  01/19/18
coinbase is down, can't fund customer assets lol
bateful whorehouse
  01/19/18
http://autoadmit.com/thread.php?thread_id=3863772&mc=13&...
supple church building
  01/19/18
so its bring produced like the currency its pegged to?
Floppy dun generalized bond
  01/19/18
But they claim to be backed by actual dollars. That's obviou...
Stirring gay mad cow disease
  01/19/18
This is a NY Times story waiting to happen. And when it does...
Stirring gay mad cow disease
  01/19/18
you sure became an anti-tether believer quickly
beta roast beef dog poop
  01/19/18
I have a good eye for scams. I've often wondered about those...
Stirring gay mad cow disease
  01/19/18
It's probably arbitrage between exchanges. Lots of exchanges...
infuriating lodge masturbator
  01/19/18
too obvious to be true
bateful whorehouse
  01/19/18
or, you know, an actual ponzi scheme, embezzlement, ... the ...
Out-of-control Stage
  01/19/18
Yeah, it could be those too. My second guess would be market...
infuriating lodge masturbator
  01/19/18
The difference between what you are describing and kiting is...
Vibrant death wish
  01/19/18
...
odious area
  01/20/18
Bitfinex is printing Tether to increase trading volume on it...
Bronze lay
  01/19/18
When it collapses I want bitches sucking my veiny Jew cock f...
Aromatic Toaster Forum
  01/19/18
Link to call you made?
beta roast beef dog poop
  01/19/18
Suck my veiny 10,000% USD gains safely in my IRA and high in...
180 hissy fit
  01/20/18
Just sold everything. Feel much better.
Dashing Parlour Athletic Conference
  01/19/18
LOL hope it wasn't bc of this, brother
Galvanic rehab coldplay fan
  01/19/18
...
beta roast beef dog poop
  01/20/18
buy high sell low
Bipolar bearded set clown
  01/20/18
What happened?
Vibrant death wish
  01/20/18
ETH is mooning again
Wild resort karate
  01/20/18
ungh
Vibrant death wish
  01/20/18


Poast new message in this thread



Reply Favorite

Date: January 19th, 2018 4:53 PM
Author: beta roast beef dog poop

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: Stirring gay mad cow disease

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: beta roast beef dog poop

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: Stirring gay mad cow disease

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: beta roast beef dog poop

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: Stirring gay mad cow disease

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: beta roast beef dog poop

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: Stirring gay mad cow disease

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: Galvanic rehab coldplay fan

"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: bateful whorehouse

"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: Galvanic rehab coldplay fan

lol

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



Reply Favorite

Date: January 19th, 2018 5:14 PM
Author: maniacal primrose space rigpig

cr

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



Reply Favorite

Date: January 19th, 2018 5:33 PM
Author: Razzle-dazzle Theater Stage Juggernaut

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: Floppy dun generalized bond



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



Reply Favorite

Date: January 19th, 2018 6:31 PM
Author: boyish ruby office doctorate



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



Reply Favorite

Date: January 19th, 2018 5:15 PM
Author: beta roast beef dog poop

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: bateful whorehouse

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: Contagious knife

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: maroon abnormal meetinghouse nowag

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: Bipolar bearded set clown

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: bateful whorehouse

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: supple church building

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: Floppy dun generalized bond

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: Stirring gay mad cow disease

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: Stirring gay mad cow disease

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: beta roast beef dog poop

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: Stirring gay mad cow disease

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 lodge masturbator

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: bateful whorehouse

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: Out-of-control Stage

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 lodge masturbator

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: Vibrant death wish

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: odious area



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



Reply Favorite

Date: January 19th, 2018 5:53 PM
Author: Bronze lay

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: Aromatic Toaster Forum

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: beta roast beef dog poop

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: 180 hissy fit

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: Dashing Parlour Athletic Conference

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: Galvanic rehab coldplay fan

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: beta roast beef dog poop



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



Reply Favorite

Date: January 20th, 2018 11:33 AM
Author: Bipolar bearded set clown

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: Vibrant death wish

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: Wild resort karate

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: Vibrant death wish

ungh

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