Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ivyleague1985
on 21/01/2015, 17:00:01 UTC
If you want my opinion, to me there's no doubt that for anyone who doesn't use margin or stop loss orders on Bitfinex, he will be fine and won't suffer from any possible inside trading because Bitfinex doesn't exist in a vacuum and follows other exchanges.

I don't want any witch hunts and I will delete any sensitive info should anyone dox him. I've no interest in making it about one person, rather I wish to make it about the whole Bitcoin exchange "industry".

Exactly, the industry needs more self-esteem to avoid such things from happening. We heard all sorts of rumors, articles about Chinese exchanges doing the insider trading. It is almost an open secret to everyone.

Many show evidences that Chinese exchange owners "got rich quick" by insider trading. Indeed, the "zero fee" policy doesn't reduce their profits, but increase it. Why? Because more accounts are opened, and more valuable information are collected to facilitate their own trading schemes.

The really bad thing about Mt. Gox is that MK and willy bot set a bad idol for all the other exchanges that they will mimic this strategy without little to zero shame. The only difference is that Willy bot pumps but Chinese bots dump.