Post
Topic
Board Exchanges
Re: And we have another Bitfinex Hookey THIEVING Short Squeeze!
by
unclescrooge
on 22/06/2014, 14:09:33 UTC
Ok guys, enough bullshit.

We now have regularly the most volume on BTCUSD, we are earning a lot in fees (just do the math yourself), plus swap fees. We do not front run 6 btc orders, nor any orders for that matters, just to grab a few dollars more. My policy since I started Bitfinex has always been to allow users to make the best out of their money, because the more profit you earn the more likely you are to stick with us. I want to believe that this is because of this policy that we are where we are now.

Now for all wannabe traders out there, there is something that you should always know about: slippage. If someone makes a 300+ BTC market order like yesterday, it will spike the price, and if your stop is triggered at the time, you will get a worse price than expected. There is no manipulation, no tricks, just normal market functioning.

This happens on every markets and even more so on thin market like bitcoin.

Now if you don't believe this, just stop using Bitfinex and go on other exchanges where slippage doesn't exist.

Have a good day
Raphael