Some people go far to say that the market is being manipulated "MtGox style". How can an "entity" manipulate the whole market through Bitfinex if Bitfinex does not have the market dominance than MtGox once had?
Topic: Bitfinex - FRAUD, price manipulation, fake transactions - page 12. (Read 4931 times)
There are too many paranoid people in Bitcoin right now. Or maybe they want the price to crash because they sold when the price went down to $1800?
Some people go far to say that the market is being manipulated "MtGox style". How can an "entity" manipulate the whole market through Bitfinex if Bitfinex does not have the market dominance than MtGox once had?
Some people go far to say that the market is being manipulated "MtGox style". How can an "entity" manipulate the whole market through Bitfinex if Bitfinex does not have the market dominance than MtGox once had?
most of the article is the author seeing what he wants to see not what really happens. spoofing has been happening everywhere and forever, and it is not restricted to bitfinex. it is available in all markets, and also it doesn't necessarily have to be bitfinex itself.
as someone who has watched the orderbooks for hours and monitored their changes i can tell you that these "walls" are a very common thing and sometimes they ever get filled (partially or completely) no matter how big they are.
i am not denying the shenanigans that different exchanges pull but i don't get why bitfinex is the only one under magnifying glass these days!
i mean have you even seen poloniex
what they do is absurd at times!
as someone who has watched the orderbooks for hours and monitored their changes i can tell you that these "walls" are a very common thing and sometimes they ever get filled (partially or completely) no matter how big they are.
i am not denying the shenanigans that different exchanges pull but i don't get why bitfinex is the only one under magnifying glass these days!
i mean have you even seen poloniex
what they do is absurd at times!I watch a wall huge sell wall go up on kraken today and sure enough not one order knocked on it's door for hours because they in turn threw up a buy wall well below that on the other side, kept the price in a range they wanted. Walls came down, price moved freely. We are talking about orders the size of which NEVER trade. Exchanges allow this and its BS. Influence and panic work perfectly this scheme can move the line easily BUT you need the cash on the exchange and thus these are HUGE whales.
most of the article is the author seeing what he wants to see not what really happens. spoofing has been happening everywhere and forever, and it is not restricted to bitfinex. it is available in all markets, and also it doesn't necessarily have to be bitfinex itself.
as someone who has watched the orderbooks for hours and monitored their changes i can tell you that these "walls" are a very common thing and sometimes they ever get filled (partially or completely) no matter how big they are.
i am not denying the shenanigans that different exchanges pull but i don't get why bitfinex is the only one under magnifying glass these days!
i mean have you even seen poloniex what they do is absurd at times!
as someone who has watched the orderbooks for hours and monitored their changes i can tell you that these "walls" are a very common thing and sometimes they ever get filled (partially or completely) no matter how big they are.
i am not denying the shenanigans that different exchanges pull but i don't get why bitfinex is the only one under magnifying glass these days!
i mean have you even seen poloniex
what they do is absurd at times! I really don't believe in this but instead I do believe on whales because they are the real manipulator of one coin with their big money going in the market and choosing an individual coin makes the volume big and the small players go in also and after the whales got what they want they dump it hard for small players.
Believe it these are whales, they have the cash on the exchange to cover, it is a game to them, they throw two big walls up to scare people and narrow price, it happens. They also have a LOT of money on exchanges, maybe 100's of millions or more. THEY decide the BTC price, pump/dump over and over. Watch before you know it BTC will be $2k? again so they can pump again and make more.
We are all along for a ride, nothing more.
I really don't believe in this but instead I do believe on whales because they are the real manipulator of one coin with their big money going in the market and choosing an individual coin makes the volume big and the small players go in also and after the whales got what they want they dump it hard for small players.
Still havent seen a real evedence that Bitfinex is making fake volumes. Thats bight be one of the disadvantages of unregulated crypto exchanges. Have no idea what to do with this but i'm afraid some people may insist on adding some kind of moderation (what is usually also not good).
Just 1 or 100 reasons BTC can NEVER be a world currency. It is just not possible to have a decentralized unregulated currency when the "bad" guys game it like this. Not saying BTC should be regulated, no no no but simply exhibit A why it will never be THE crypto for mainstream.
Still havent seen a real evedence that Bitfinex is making fake volumes. Thats bight be one of the disadvantages of unregulated crypto exchanges. Have no idea what to do with this but i'm afraid some people may insist on adding some kind of moderation (what is usually also not good).
I can see poloniex being next on the hitlist.
Sad to say it but they are going down that road unfortunately.
Bittrex looks to be the only one to trust with the way they handled the whole bitcoin cash distribution to all their loyal customers at this point and time.
Sad to say it but they are going down that road unfortunately.
Bittrex looks to be the only one to trust with the way they handled the whole bitcoin cash distribution to all their loyal customers at this point and time.
People trading on this and some other platforms know what they're getting into when they get there. I didn't see any solid evidence that Bitfinex is actively participating in their own markets. However, exchanges are mostly unregulated. If you want to trade on regulated places only, that's fine, and there are places for that.
I saw spoofing today or boxing in other term live and yes its frustrating. They set up walls, big ones, fake ones, restricting or moving prices by influence.
I actually mentioned it to the exchange and one wall came down in minutes.
Bitcoin CAN and WILL go UP and DOWN by spoofing, a big one is coming, they need their profits after all. I predict anytime now BTC starts to drop hundreds of dollars at a time day after day.
Why bother trading if you are not going to take profit, right.
I sold and am on cash for now, price will drop because big spoofers say so.
I actually mentioned it to the exchange and one wall came down in minutes.
Bitcoin CAN and WILL go UP and DOWN by spoofing, a big one is coming, they need their profits after all. I predict anytime now BTC starts to drop hundreds of dollars at a time day after day.
Why bother trading if you are not going to take profit, right.
I sold and am on cash for now, price will drop because big spoofers say so.
This makes me sad, whats worrying is that it gives cryptos a bad name. However I dont think the spoofing as mentioned in the article is technically illegal for crypto trading.
A very good article about the "good" guys from Bitfinex :
https://www.cryptocoinsnews.com/bitcoin-analyst-identifies-clear-spoofing-pattern-at-bitfinex
Of course, they are not the only ones who are doing that. Almost all the exchangers are making fake volumes, market manipulations and so on....a lot of illegal things.
Losers = "YOU" (their customers).
https://www.cryptocoinsnews.com/bitcoin-analyst-identifies-clear-spoofing-pattern-at-bitfinex
Of course, they are not the only ones who are doing that. Almost all the exchangers are making fake volumes, market manipulations and so on....a lot of illegal things.
Losers = "YOU" (their customers).
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