Topic: And we have another Bitfinex Hookey THIEVING Short Squeeze! - page 4. (Read 14643 times)

So it was just my bad luck that my stop loss set at a smidgeon above $600 was sent to the very back of the queue and triggered at the very same price as the 319 BTC order registered at?

Really?




That is correct. I only have 2.65 on your exchange. I have managed to lose 0.35 BTC of the 3 BTC that I transferred over to your exchange on 17th June. By the way, I have been waiting for 2 hours on my BTC. I understand that you are probably operating a fractional reserve BTC exchange and you have to be careful to monitor in/out BTC traffic, but it is only 2.65 fucking BTC! Give me my phucking 2.65 BTC back you fucking crook.








And a whole pile of little candies stolen from little kiddies soon adds up to a sugar mountain.

You are pulling this shit on an everyday basis.

You haven't explained anything because the explanation is that your exchange front runs the Ask wall buying up all the coins required to meet stop loss orders, and then sells those coins to stop loss orders at highest possible price before Ask wall orders recommence. That is front running and a form of insider trading. You try to brush this off as 'we have better things to do than steal candies from little kids', but this routine stop loss farming practice of yours will amount to hundreds of thousands of dollars over the course of a year, especially when combined with probable insider trader knowledge of knowing exactly how wildly deep or high spot price on your exchange is going to over/undershoot Bitstamp thanks to stops being triggered/farmed.

You have no reasonable explanation for your exchanges activity that fits what I have witnessed. You are a thief.

you disclose a customers balance?
really?

That's asking a lot from MatTheTwat.

So essentially all you are saying is: Hurr, durr you can't prove it.

Sure that makes it ok, right?

Place your bet on the table and I'll explain anything you want.
Then I will take your 10 BTC and give them to people that will cheer up to your stupidity.
You are a kid that doesn't even know what he's talking about.
If you don't like Bitfinex why do you keep trading on it, you retarded prick?
As we had nothing better to do than stealing candies from retarded kids like you, you don't even have 3 btc (2.5 to be exact) in your pocket.

Grow up and learn to take the blame of your own stupidity instead of insulting others.

Just get a life.


Giancarlo
Bitfinex Team

Read back my latest reply.

I have a feeling that BFX may be grouping the stoploss orders for the ticker (I think i have seen this for margin calls aswel). So i think someone had there stoplosses filled in the 602-607 range. but it is simply not displayed in the ticker.

I hope the price doesn't do what it has the last 5 years in a row and go up 10x later this year. Because you are going to be kicking yourself Mat.

Why are you playing with leverage?! Einstein's definition of insanity comes to mind.

I know that there would have been a lot of stop losses from traders taking small short trades following exactly the same text-book rules as I was, but before I start ranting about exchange insiders intentionally going after these stops, I shall state this:

If there that many stop losses that mine simply got bumped to the very back of the queue. Why wasn't anyone 'served' before me? Why does the ticker for Bitfinex report this:

02:00:58 602.29      0.1
02:00:56 600.3        1.00626
02:00:55 608.13      319.168
02:00:24 600          255.374
02:00:17 599.91      0.01

Why wasn't there any trades executed at 601, 602, 603 etc, where there were plenty Ask orders in wall along this small range? Amongst the double and single digit Ask orders that stood in the way of $600 and $608, was a 100 BTC order at $604.99. Why wasn't that triggered at the price which the trader who made the order set it at? I bet that insofar as it was a real order, that the trader only got paid his $604.99 minus fees. I wish had taken a screenshot of the Bitfinex order book just a second before the short squeeze happened to illustrate and emphasise the situation to those who skim read and come to conclusions like: "well, of course stop losses will be closed with market orders"

If Bitfinex's policy with gluts of stop loss orders is to simply sweep up all the coins in the Ask wall required to fill the stops in a certain range, and then sell those coins to Stop Orders at highest possible price before Ask Wall depth recommences, then i am afraid that this is a form of front running and insider trading.

What if there were many stop losses that were triggered right before yours was triggered? I can imagine quite a few stop losses were sitting right above $600, not just yours.

Your right, that sounds a bit strange, almost like someone else had a bigger (en earlier) stoploss at exactly your price.

Edit: btw, i don't see your 6btc stoploss in the log you posted? maybe bfx groups them?

So where did all the Ask orders go between $600 and $608?

Does it sound plausible to you that there were indeed several hundred BTC worth of Ask orders in between $600 and $608?

If so, why was the market order triggered in it's 319 BTC entirety at $608, when the previous order executed at $600? Does that not seem a bit strange to you?


02:00:58 602.29      0.1
02:00:56 600.3        1.00626
02:00:55 608.13      319.168
02:00:24 600          255.374
02:00:17 599.91      0.01

Edit: Looking forward to hearing Giancarlo's explanation for the above occurrence, which is something that is happening on BFX all the time. Lucrative work if you can get it!

If the price reaches the stop price, the platform does a marketbuy. What else do you expect?

That was a trade where I had planned for taking a max potential $24 loss + fees. Thanks to the unique way in which Bitfinex 'manage' Stop loss orders, my loss ended up being more like $72 plus exchange fees.

so, Mat, basically you are promoting Bitfinex and your bad trading skills?

My target was in the first instance $570. It was just a small trade based on which way the short term indicators were pointing. Had I stuck to my guns, I would have been in my short at $610 which would have allowed me max profits of $30 per BTC. I would have settled for that sort of margin.

and DanV aint so fantastic. He is squeezing everything in to fit his rigid formula. There is also a very strong chance that Bitcoin will correct much further from here, breaking that long term support trendline since Jan 2013. I am not saying that Bitcoin will definitely do this, I am saying that there is a good chance that it might based on the sort of indicators that I am looking at and last night's rally based largely on the crook exchanges triggering stop losses (how many times have we seen these 'break out' rallies from Huobi and BFX?) doesn't do anything to fill me with confidence.

Ah, the head rat himself.

Instead of talking about these phantom flash trades that appear out of knowhere and buff your exchanges volume without altering Ask/Bid walls, let us talk about last night.

Here is the Bitfinex trades as reported on Bitcoinwisdom:

02:00:58 602.29      0.1
02:00:56 600.3        1.00626
02:00:55 608.13      319.168
02:00:24 600          255.374
02:00:17 599.91      0.01

Now to start us off, perhaps you can explain where all the Asks orders were between $600 and $608. I would like to know as I had a stop loss sitting just above a large ask wall at $599.91 which was about 250 strong. There were plenty other single and double digit Ask orders above me, including a 100 BTC at $605. So why is it that the very next trade on Bitfinex was for 319 Bitcoins  @ 608.13? Where did all the Ask orders go. Perhaps their is a bug with Bitcoinwisdom reporting data from Bitfinex. If that were the case, why was my stop loss order which I had placed at $600.11, not triggered until $608.13? My trade was only for 6 BTC, hardly orderbook devouring. Why one minute was there several hundred BTC worth of orders between 600 and 608 USD on Bitfinex, and then the next minute one large order for 319.168 BTC executed at $608?

WHERE DID ALL THE FUCKING OTHER ASK ORDERS GO GIANCARLO U FUCKING THIEVING FRENCH PRICK? DID YOUR BOT CALCULATE HOW MANY STOP ORDERS WERE IN LINE FOR TRIGGERING, THEN DO A SPOT OF FRONT RUNNING WALL BUYING ONLY TO SELL THE COINS BACK TO THE STOP LOSSES AT THE HIGHEST POSSIBLE PRICE BEFORE THE REAL ASK WALL ORDERS RECOMMENCED?

Go on, explain what happened in that predictable 'Fuck You' short squeeze fake out rally which resulted in a $615 high on Bitfinex, thanks to another large 250 BTC trade that took price from 608 straight to 615, before the price was smacked right back down to 607 again. That whole rally on Bitfinex was based on squeezing short traders stop loss orders. No doubt the same thing applied on Huobi. This is why your exchange is full of erratic price dips and spikes. You lads just can't stop yourselves from front running and farming stop loss orders even when it makes your exchange appear visibly dodgy as fuck to any onlooker with an iota of common sense.

The only 'bet' I would get involved in with you would be a man 2 man square go where I would get the opportunity to punch your fucking cunt in.

Your exchange will be involved in the next of the already too numerous grand Bitcoin daylight heists. Of that I am certain.

BFX is a love hate thing..... but dont see why MTC would be short when DanV is in fact agressively long today.

supply liquidity to BFX and you will be rewarded, take liquidity from BFX and it will punish you.

Nope. My stop loss would be one of many.

Good one    
Giancarlo
Bitfinex Team

Atm, mat is the  biggest forum troll  , what a loser he is.

Damn LOST again, its the whale's...., its......



ElectricMucus  
@ I don't get it, are you suffering from some variation of Stockholms Syndrome or why do you still use bitfinex?


Made me Rofl.....DD


H

I think Mat should really stop with his constant attacks on Bitfinex all over this forum. I can understand people to not trust exchanges, especially after MtGox, but constantly badmouthing them without any real proof is just very bad form and technically against the law as well. Just don't do business with them, or come with some definite proof and not with some vague story about how your stop loss was executed too high and they stole your money.