Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
One minute chart indicates a dump to $8750 followed by a market buy to $9500 on BFX.
Yea I lost my position there. And shorted. And then had to close that.
I think bitfinex should be considered a total and complete black market scam artist exhange.
And honestly, people should go to their headquarters and physically hurt those people.
I asked for a refund. Im sure the scam artists too scammy for even China will simply delete my email or respond with some auto-bot response.
Dude, you can't ask for a refund for that. It is you who didn't have enough margin to cover that small and "normal" volatility. It happened to me some years ago (BFX hack crash on Kraken), noone to blame except me, I learned the lesson. Move on.
No no no. I had a stop. Not liquidation. Stop loss everyone has to have it.
Yes I can ask for a fuking refund. But they wont give one becuause they are crooks!
https://youtu.be/lhIsSVHyZ7w
And no that isnt normal volititily. Only Bitfinex. And that should not be allowed, to market dump the price from 9500 to 8750 in 1 order just to get Bitfinex rich on trading volume due to stop losses. They gotta titrate that shit. These people are criminals. In the old days when people did this, they paid dearly.
I did buy again. I already withdrew everything from bitfinex. I think i lost about 30%, i was in the green driving home from work, then I get home and hear ding sold at 8790. Cuz Bitfinex doesnt care. Im gonna sign up for another exhange Poloniex or gemini (but i dunno if im rich enough). I hope bitfinex gets shut down, Bitmex too. I liked bitfinex, used em back in 2015. But they dont serve their users unless they are members of whale clubs. These scam artists even got kicked out of scam capital: China. Fuck them. They are market makers, someone should stop them. Its ruining crypto. Its bad enough its a 1% currency, u shoudnt have to deal with this as well. We want to decentralize dont we? U cant trade there. Just look at this:
https://www.tradingview.com/chart/BTCUSD/cJM5fFSG-SHOCKING-PROOFS-How-Whales-Manipulate-THE-BITCOIN-MARKET/
If you are telling the truth, with your supposed liquidation of your supposed long position, it seems that part of your problem is that you are too rash and emotional with your trading decisions. Whatever...
Anyone who is trying to predict up or down and setting stops is likely to get manipulated out one direction or another.. and furthermore, these extreme BTC price movements on any exchange is not out of the ordinary and potentially liquidates in both direction and clears the order books and then forces stop losses.
It is all part of the margin trading situation, and especially creates these kinds of manipulation scenarios when the exchange offers margin trading, so I don't see how you get removed from such manipulation potential merely because you switch to another exchange that might not even be more liquid than bitfinex... Relatively speaking, Bitfinex is pretty liquid.
Whats a good exhange for margin trading? Im in China i gotta use vpn. Poloniex seems like they block vpn. China blocks bitcoin. Just relized Bitfinex is gonna go the way of Mt. Gox. Its all over the internet.
Yeah. It is "all over the internet," it must be true.