Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
During the recent limited flash crash, did BFX use the half-breaker idea i proposed back in february to blunt it? https://bitcointalk.org/index.php?topic=229438.msg5060308#msg5060308
The behaviour of the BFX during this time seems to suggest it has. Price goes wildly out of sync due to cascade liquidation, trading is halted for a minute to allow bids to rebuild, trading is resumed when depth is better, liquidation is trickled in the process repeats until the price is back in sync with bitstamp.
Good work on BFX for blunting the crash. I'm very happy that i wasn't liquidated (at least not yet, who knows how low we go in the future
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... do i get a small reward for the winning idea?
The behaviour of the BFX during this time seems to suggest it has. Price goes wildly out of sync due to cascade liquidation, trading is halted for a minute to allow bids to rebuild, trading is resumed when depth is better, liquidation is trickled in the process repeats until the price is back in sync with bitstamp.
Good work on BFX for blunting the crash. I'm very happy that i wasn't liquidated (at least not yet, who knows how low we go in the future
.... do i get a small reward for the winning idea?