Topic: And we have another Bitfinex Hookey THIEVING Short Squeeze! - page 5. (Read 14643 times)

Indeed , I heard rumors he is an autistic 17 year old kid trying to short with 1 btc total.

grow up! bitfinex is not for kids and day trading bitcoin either.

How about instead of a bet, you address the issue he posted or challenge what he has said and prove it to be wrong with some information/data

How much stupidity can a man take?

MatTheCat has been all over the place accusing Bitfinex of painting the tape, rigging the market, scamming customers, you name it.....

Mat, I believe the time to put your wallet where your mouth is has come.

I challenge you in a 10:1 bet.

If you can point out any transaction where there are no real parties involved ( that is Bitfinex is one or both of those 2 ) you will get 100 Bitcoins as a reward from me.
But if you are proven wrong in your assumption you will have to pay 10 BTC ( 5 BTC each) to the happy real parties of the above mentioned transaction ( that is I will not earn anything but will prove you are a retarded troll full of shit).  

I'm ready to put the 100 BTC into an escrow service that will regulate the bet and decide who the winner is any time.
Are you ready to do the same and put your 10 BTC (I suppose you own them, but I might be wrong in my assumption as retards like you tend to lose all their coins in losing bets) ?

Let me guess.... another avalanche of insults, false allegations and blah blah blah will follow.....

But at the end of the day: money talks bullshit walks.

Time has come to prove you are a man and not just a kid that blames his losing trades on bad luck or dishonest people.

Have a good day

Giancarlo
Bitfinex Team

I've been following Mat's post for a while now... and yes Mat can be a bit over the top and excitable, but I really appreciate his diligence in watching bitfinex. It's not only possible but entirely likely that bitfinex is doing what Mat believes they are doing. There is no reason for bitfinex not to do what they are doing... no one, until Mat, is looking over their shoulder. More importantly, there is almost zero downside risk for bitfinex to engage in these practices.

LOL

LOL Bitfinex isn't running a scam to con you out of your 6btc.

Post of the day.

In BitFinex, bitcoin shorts you! 

If this is true, how come when I watched the buys go by live, it didnt jump to $608? Instead it ate thru $600 and then went thru shallow waters to $608?

The only oddity I saw was that shortly after breaking $600 and moving to  ~603, someone put a 100.7BTC ask at $600 again, that got eaten really quick. This was seconds after $600 went down, and the 100B wall was eaten in seconds after being placed.

This was a short from a few days ago, when all the indicators were pointing to downtime. I originally shorted at $610, but decided I wanted to wait until the consolidation formation broke to the downside, which it did, so I shorted at $597. We got down as far as $580, but I never took my profits, twice! But I left the short trade running as Bitcoin looked more likely to me to retest trendline than break up. My Target was $565. Next time, I shall settle for paltry profits and cut my own throat as Bitcoin goes on to make $100 move in whatever direction.....happens all the time.


Could be, but it all happens a little too quick and neat for it to be anybody who isn't an exchange insider. Same thing just happened again on BFX. ~250 BTC Short Squeeze trades all being executed at $615 as Bitcoin on BFX jumps from $608 to $615 within the next millisecond. What, not a single Ask order in between 608 and 615 just like there wasn't between 600 and 608? It is obvious. The exchange bot knows where the bext batch of juicy stop orders are, it front runs the market, buys up all the Bitcoin required to fill stop orders, and then sells as high up the market as it can before other genuine trades begin. This explains all these weird and erratic spikes and dips u see on Bitfinex.

Why the fuck would you be shorting right now?

Who is to say a user of the site is not putting up walls to fake support and then remove them, move the price, and take your coins? Anyone can do that.

Just small amounts.

I have been calling the market pretty well recently so am thinking; "fuck it, a small play fund just so I can hone my abilities at going short as well as long". But Bitfinex are theives. I witnessed it happen. A combination of insider trading and front running.

Insider Stop Farming and Front Running combined to rob traders blind.

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

LOL. Yeah, I learned that before but the problem with me is that I don't learn.

On the otherhand, I think I have figured out how Bitfinex operate their stop loss farming. When the short stop loss zone was triggered, Bitfinex exchange front ran and bought out all the Ask wall above the $600 zone required to meet the squeezed shorts, and then sold all the coins to the shorts at the highest price before other bids started again. I witnessed it happen and  if I really wanted to, I bet data could be dug up that prove Bitfinex are crooks and are doing things on their exchange that is basically fraud and worthy of jail sentences.

I really don't understand the outrage. I think it's best to *assume* crap like that is going on, and only participate if you A) knowingly accept the risk, B) have some way to mitigate it.

This is why I keep ~0BTC and 0FIAT on *any* exchange.

I don't like Bitfinex. Inviting people to trade Bitfinex where they can swim with sharks and wrestle with vipers is hardly a ringing endorsement of the place, I wouldn't have thought.

But there is another stone wall example of crooked Bitfinex in action. There was around 600 BTC in between $599 and $605, with all the orders of course at different price levels. Yet here is the trading for the break above 600 btc:

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

In green, is the Ask wall which my stop loss order was sitting behind. There was as any reasonably minded person could imagine, a whole array of other double figure and single figure and indeed decimal bids in between 600 and 608. Why therefore was the next 319.168 of bids all sold at 608.13, my paltry 6 BTC amongst them when there was a whole raft of bids in between $600 and $608!?

BITFINEX CAUGHT RED HANDED STEALING!

Congratulations. You sound like a 5 year old.