Quote from: medaheads on August 03, 2018, 06:22:12 AM

Why is Bitcoin Crashing?

Satoshi has inserted a secret line of code in both the bitcoin and forum code.
Whenever a topic about the bitcoin price going down is posted, bitcoin drops another 10$
That's why!!!!

Back to serious things....

Quote from: DMXToken on August 03, 2018, 06:51:45 AM

The past couple days, everyone in the bitcoin Futures market has been following the trials and tribulations of Mr. OKex #1 Top Contract Holder, who accumulated a $460 Million Long position on BTCUSD Quarterly Futures before getting liquidated.

This really needs some popcorn,
https://www.ccn.com/okex-initiates-clawback-after-bitcoin-futures-market-unable-to-cover-420-million-liquidation/

Quote

According to sources, the OKEx insurance fund doesnt have nearly enough coverage for this issue. This social loss is a massive amount of money which amounts to 950 BTC. The OKEx insurance fund, meanwhile, covers just 10 BTC. However OKEx has now moved to cover the loss by injecting 2,500 BTC into the exchanges insurance fund.

Wait, they've had only 10BTC in the so-called insurance fund? 80 000$???
They claim to be on of the largest exchange and that's all they had ready?

And how the hell is this even possible, the guy gets recked (?) and then everybody shares the loses?
There are so many things wrong in this story I'm having troubles believing it...