If I am right, the fall happened before the brexit vote.
If anything, the price of Bitcoin has increased after brexit
Nobody could have been confident enough to convincingly bet on a Brexit before the event occured.
Topic: [2016-06-23]Is Brexit Behind Bitcoin’s $100 Fall? (Read 435 times)
This is such bullshit.
Any trader that watched the intraday quotes coming from Bitfinex knows they went offline around 4pm June 20th (EDT) and then tried to re-open their engine TWICE, while at the same time preventing people from being able to change orders. This resulted in a shit-storm of fear trades and highly imbalanced order book matches.
Bitfinex completely screwed the pooch on this one, but since they get a cut of every order liquidated, I'm sure they could give a shit about everyone getting stopped out or margin called. In fact, the way they came back online suggested a huge stop-run was being encouraged in the first place.
This had nothing to do with Brexit or anything external -- just BFX's complete and utter incompetence.
Any trader that watched the intraday quotes coming from Bitfinex knows they went offline around 4pm June 20th (EDT) and then tried to re-open their engine TWICE, while at the same time preventing people from being able to change orders. This resulted in a shit-storm of fear trades and highly imbalanced order book matches.
Bitfinex completely screwed the pooch on this one, but since they get a cut of every order liquidated, I'm sure they could give a shit about everyone getting stopped out or margin called. In fact, the way they came back online suggested a huge stop-run was being encouraged in the first place.
This had nothing to do with Brexit or anything external -- just BFX's complete and utter incompetence.
I completely agree with this. It's a damn shame that what is considered the most important $$$ exchange has messed up so badly. If I look at the silly errors coming from these exchange, I don't find it weird that institutional traders avoid using Bitcoin as investment tool. There is no way they will trust the current exchanges with multi millions while they don't know how to run an exchange properly and in a professional manner.
It's manipulation from the highest level. It has nothing to do with the BREXIT. Not even close. Some whales have bought back coins at very low rates after selling far above $700 days ago. The entire Bitcoin market is a whale paradise.
This is such bullshit.
Any trader that watched the intraday quotes coming from Bitfinex knows they went offline around 4pm June 20th (EDT) and then tried to re-open their engine TWICE, while at the same time preventing people from being able to change orders. This resulted in a shit-storm of fear trades and highly imbalanced order book matches.
Bitfinex completely screwed the pooch on this one, but since they get a cut of every order liquidated, I'm sure they could give a shit about everyone getting stopped out or margin called. In fact, the way they came back online suggested a huge stop-run was being encouraged in the first place.
This had nothing to do with Brexit or anything external -- just BFX's complete and utter incompetence.
Any trader that watched the intraday quotes coming from Bitfinex knows they went offline around 4pm June 20th (EDT) and then tried to re-open their engine TWICE, while at the same time preventing people from being able to change orders. This resulted in a shit-storm of fear trades and highly imbalanced order book matches.
Bitfinex completely screwed the pooch on this one, but since they get a cut of every order liquidated, I'm sure they could give a shit about everyone getting stopped out or margin called. In fact, the way they came back online suggested a huge stop-run was being encouraged in the first place.
This had nothing to do with Brexit or anything external -- just BFX's complete and utter incompetence.
Sounds more like a bunch of shit just ("coincidentally") went wrong around the same time causing the market to crash a bit. Rip rally.
Is Brexit Behind Bitcoin’s $100 Fall?
After an impressive rally, Bitcoin is now appearing to be losing its bullish sheen, with its price dipping from $750 to $600 within the matter of few days. At the same time, there are different theories that are going around in parallel, explaining the cause for such a drastic fall. One of the reasons behind the fall of Bitcoin price is said to be the upcoming...
http://www.newsbtc.com/2016/06/23/connection-brexit-fall-bitcoin-price/
After an impressive rally, Bitcoin is now appearing to be losing its bullish sheen, with its price dipping from $750 to $600 within the matter of few days. At the same time, there are different theories that are going around in parallel, explaining the cause for such a drastic fall. One of the reasons behind the fall of Bitcoin price is said to be the upcoming...
http://www.newsbtc.com/2016/06/23/connection-brexit-fall-bitcoin-price/
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