Topic: One single guy shorting with $5 million on Bitfinex going to get squeezed - page 2. (Read 3378 times)

Yeah this basically the same with most of the exchanges. Most of the "liquidity" is actually provided by the exchange themselves. Even a reputable exchange like Kraken, most of the order book is the owners of Kraken. Why do you think they needed $10m (or whatever the amount was) in VC funding?

With bitfinex i suspect they are actively trading themselves against the users. They are not very good at that but then again the liquidity is so bad and fees high that on balance they are probably making some good cash.

However its not just finex I suspect all the btc exchanges are doing the same things.

For what its worth bitfinex are i believe Italian guys, even if they are in hong kong i'd still trust them more than any of the China exchanges. Take the most dodgy investment (bitcoin), one of the most suspicious industries  (forex trading) and put it in the world's most dodgy country (china)..

 Lets be honest Im not racist but its well known that chinese are known for their scams, ponzi schemes, shadow banking, copying western products, etc. . The history of china is full of civil wars and scams its one of the most unruly countries in the world (after maybe Russia). Every Chinese dynasty seems to only last about 50 years before there is a civil war and a new emperor arrives. Result is all chinese spend there time fighting the whole time. They are very unruly people.

So yeah I wouldnt go near these chinese exchanges probably even bitfinex is more reliable than either okcoin or huobi.

Nope. Huobi lead the correction, once again, as fucking usual. The fact that Huobi normally trades at a premium to the USD exchanges is also not unusual, and is not a sign of manipulators on USD exchanges trying to drag Bitcoin down.


Yep. Bitfinex are fucking crooks and most of the volume is basically 'friends of the exchange' (the exchange operators themselves). The illusion of a big fat liquid exchange lures traders into a false sense of security, believing it is actually safe to use Stop Orders, in that the liquidity is too deep for insiders to go Stop Run Farming...WRONG!


Yep....90% of the time, Huobi leads this market.......and the most hilarious thing of all is, their volume is massively inflated/faked.....the BTC they cash out into USD on Stamp though, now that is real volume!

BTC is the fkn wild west.

They do exist at Polo.  And they're Americans.  What I'm implying is are they actually 'morons' as you say.  Just like what you're claiming that this 'moron' at BitFinex is over leveraged and is about to lose his shirt because he's a stupid moron.

Never said that.  The Vietnamese had a bot and 500 Bitcoin that pumped sometimes and dumped others.  Please go do something better with your time besides claiming they don't exist then claiming you talked to them because that doesn't make any sense.  His name was Duk or Duck something or other.

And by the way...  Your 'over leveraged moron'...  they're Americans, not Vietnamese.

Nope.  It was you who said that the 'over leveraged moron' on Polo was a Vietnamese pump/dump group at the Polo trollbox.  Not me.  Gonna find that thread and quote your posts.  Unless you edit your posts over there.

Not really a big deal. Someone sells on bitfinex so there's a small change in the price against china.  Its not exactly manipulation just a arbitrage opportunity.

Most traders use all the exchanges at the same time so doesnt happen very often.

First of all, I wasn't talking about the Vietnamese who you just claimed did not exist.  How can you talk to someone if you claim they don't exist?  It looks like you need to get your facts straight.

Where can i see it?

They didn't buy back.  They covered their shorts.  And actually shorted again profiting even more.  Get your facts straight.

No, he made money shorting Bitshares, then he bought after it dropped, then because of his short killing confidence in the market, it dropped more and he lost all his money he made lol.

Huh?  China, specifically OkCoin and Huobi just took profit if you haven't noticed.  And as far as I know BitFinex is also China to me.

Oh...  And do you remember when your last 'over leveraged moron' shorted BTS and you claimed he 'lost money'.  Guess what, we talked to them.  They actually made a killing shorting BTS on Polo.

China manipulated up and Bitfinex manipulated down.  Then even after Finex dropped, China refused to budge for a long time.  So right now we're in a stalemate between China pumpers and Bitfinex shorter manipulators.

And it's the Chinese exchanges doing all the manipulating, specifically OkCoin and Huobi.  All the other exchanges are just following them doing some arbitrage.

Roach.  Are the manipulators the same Vietnamese pump/dump group in the Polo troll box? 

I call bullshit.

Except for the fact you're a 0 post spam account that creates literally hundreds of accounts per day to spam this forum with.  Looks like you sure care what the price is doing.

Believe me no reputable hedge fund would risk getting involved in bitcoin unless they were crazy. Its either a scammer from china or a crazy gambler.

Yes, they actually are interested in Bitcoin.  There's freaking hedge fund guys that go on the tiny altcoin exchange Poloniex and short with $100,000-$200,000 just to fuck with people in illiquid markets for free money as they cause terror.

Not really clear what your talking about.  $5 million usd would be 12,000 bitcoins.  We havent seen that volume today on bitfinex.

You do realize bitfinex is basically a bucketshop right? I wouldnt be surprised if most of the trading there was just the actual owners of bitfinex. Also i dont think any hedge funds are interested in bitcoin.

(edit: there's a reason why they decided to operate in hong kong - outside of usa and eu - because they have no regulations about that kind of thing. if they were in usa for example they would be closed immediately by the feds. caveat emptor).