If you bought BTC at $1200, then that was your choice. It is your problem. It isn't the market's problem.
If you don't mind exchanges allowing other people to sell your bitcoins, then good for you. Do you really think it is Ok for an exchange to let someone else sell your Bitcoins? 
Topic: Selling short in an exchange...the biggest scam of all - page 5. (Read 4494 times)
You would only lose if you sell. You aren't making any sense.
Not everyone who bought BTC at $1200 USD has the luxury of being able to hold it. Most ordinary people, at some point have to sell. If you have so much money that you never have to sell, but can sit on losing positions for years if necessary, then you are part of a small minorityYou would only lose if you sell. You aren't making any sense.
Not everyone who bought BTC at $1200 USD has the luxury of being able to hold it. Most ordinary people, at some point have to sell. If you have so much money that you never have to sell, but can sit on losing positions for years if necessary, then you are part of a small minority So how are market makers that provide liquidity are hurting the community?
What is finally coming to light, following the release of Michael Lewis's latest book is that algorithmic traders aren't your friend. They never intend to add liquidity. They are predatorsSo how are market makers that provide liquidity are hurting the community?
What is finally coming to light, following the release of Michael Lewis's latest book is that algorithmic traders aren't your friend. They never intend to add liquidity. They are predators They cannot dictate the price the trader is. If they short sell there is a possibility they will also lose.
True....but algorithmic trading is quite mature now. They don't do it all the time. They have studied markets in depth for years, they know when to act.So when China makes a negative statement about BTC....they can laugh and sell short. All the BTC holders lose, and they win.
They cannot dictate the price the trader is. If they short sell there is a possibility they will also lose.
True....but algorithmic trading is quite mature now. They don't do it all the time. They have studied markets in depth for years, they know when to act.So when China makes a negative statement about BTC....they can laugh and sell short. All the BTC holders lose, and they win.
Perhaps the biggest scam of all; happening every day, is exchanges allowing "market makers" to sell you coins in the hope of buying them back cheaper. If a value of a coin falls hundreds maybe thousands of people in the community lose, but one or a small handful make money.
Exchange owners allow "market makers", special privileges on their sites. These would include small or no fees and the ability to sell your coins out of the "hot wallet", hoping to buy them back cheaper..
There are at least 6 of these market making operations globally, who enjoy these special privileges. This came to light if it wasn't known before when an bitcoin company made a back door listing on the Australian Securities exchange. As a listing requirement they had to disclose the particulars of their business which included short selling crypto currencies.3. Exchange owners win, market making firms win, and the community loses.
You will see thins in various markets where "bots", computer trading systems try to drive down the price after already having sold short coins from the "hot wallet".
If this is not in our interest we need to stand up to them
Exchange owners allow "market makers", special privileges on their sites. These would include small or no fees and the ability to sell your coins out of the "hot wallet", hoping to buy them back cheaper..
There are at least 6 of these market making operations globally, who enjoy these special privileges. This came to light if it wasn't known before when an bitcoin company made a back door listing on the Australian Securities exchange. As a listing requirement they had to disclose the particulars of their business which included short selling crypto currencies.3. Exchange owners win, market making firms win, and the community loses.
You will see thins in various markets where "bots", computer trading systems try to drive down the price after already having sold short coins from the "hot wallet".
If this is not in our interest we need to stand up to them
So how are market makers that provide liquidity are hurting the community? If you couldn't sell when you wanted to wouldn't that a problem?
Perhaops the biggest scam of all happening every day is exchanges allowing "market makers" to sell you coins in the hope of buying them back cheaper. If a value of a coin falls hundreds maybe thousands of people in the community lose, but one or a small handful make money.
Exchange owners allow "market makers", special privileges on their sites. These would include small or no fees and the ability to sell your coins out of the "hot wallet", hoping to buy them back cheaper..
There are at least 6 of these market making operations globally, who enjoy these special privileges. This came to light if it wasn't known before when an bitcoin company made a back door listing on the Australian Securities exchange. As a listing requirement they had to disclose the particulars of their business which included short selling crypto currencies.3. Exchange owners win, market making firms win, and the community loses.
You will see thins in various markets where "bots", computer trading systems try to drive down the price after already having sold short coins from the "hot wallet".
If this is not in our interest we need to stand up to them
Exchange owners allow "market makers", special privileges on their sites. These would include small or no fees and the ability to sell your coins out of the "hot wallet", hoping to buy them back cheaper..
There are at least 6 of these market making operations globally, who enjoy these special privileges. This came to light if it wasn't known before when an bitcoin company made a back door listing on the Australian Securities exchange. As a listing requirement they had to disclose the particulars of their business which included short selling crypto currencies.3. Exchange owners win, market making firms win, and the community loses.
You will see thins in various markets where "bots", computer trading systems try to drive down the price after already having sold short coins from the "hot wallet".
If this is not in our interest we need to stand up to them
interesting... so what is your source of proof?
The thing that made me think about it was watching a bot pressure down the price of a coin. There is no rationale to design a program that does that unless you are "short". You don't design a program to push the price down if you are a holder.
As we have seen recently in the press with the release of Michael Lewis's new book, greedy exchanges are all too willing to accommodate predatory trading firms, and with cryptos being unregulated we should expect the same greediness and feigned naivety
They cannot dictate the price the trader is. If they short sell there is a possibility they will also lose.
Perhaops the biggest scam of all happening every day is exchanges allowing "market makers" to sell you coins in the hope of buying them back cheaper. If a value of a coin falls hundreds maybe thousands of people in the community lose, but one or a small handful make money.
Exchange owners allow "market makers", special privileges on their sites. These would include small or no fees and the ability to sell your coins out of the "hot wallet", hoping to buy them back cheaper..
There are at least 6 of these market making operations globally, who enjoy these special privileges. This came to light if it wasn't known before when an bitcoin company made a back door listing on the Australian Securities exchange. As a listing requirement they had to disclose the particulars of their business which included short selling crypto currencies.3. Exchange owners win, market making firms win, and the community loses.
You will see thins in various markets where "bots", computer trading systems try to drive down the price after already having sold short coins from the "hot wallet".
If this is not in our interest we need to stand up to them
Exchange owners allow "market makers", special privileges on their sites. These would include small or no fees and the ability to sell your coins out of the "hot wallet", hoping to buy them back cheaper..
There are at least 6 of these market making operations globally, who enjoy these special privileges. This came to light if it wasn't known before when an bitcoin company made a back door listing on the Australian Securities exchange. As a listing requirement they had to disclose the particulars of their business which included short selling crypto currencies.3. Exchange owners win, market making firms win, and the community loses.
You will see thins in various markets where "bots", computer trading systems try to drive down the price after already having sold short coins from the "hot wallet".
If this is not in our interest we need to stand up to them
interesting... so what is your source of proof?
Perhaps the biggest scam of all; happening every day, is exchanges allowing "market makers" to sell you coins in the hope of buying them back cheaper. If a value of a coin falls hundreds maybe thousands of people in the community lose, but one or a small handful make money.
Exchange owners allow "market makers", special privileges on their sites. These would include small or no fees and the ability to sell your coins out of the "hot wallet", hoping to buy them back cheaper..
There are at least 6 of these market making operations globally, who enjoy these special privileges. This came to light if it wasn't known before when an bitcoin company made a back door listing on the Australian Securities exchange. As a listing requirement they had to disclose the particulars of their business which included short selling crypto currencies.3. Exchange owners win, market making firms win, and the community loses.
You will see thins in various markets where "bots", computer trading systems try to drive down the price after already having sold short coins from the "hot wallet".
If this is not in our interest we need to stand up to them
Exchange owners allow "market makers", special privileges on their sites. These would include small or no fees and the ability to sell your coins out of the "hot wallet", hoping to buy them back cheaper..
There are at least 6 of these market making operations globally, who enjoy these special privileges. This came to light if it wasn't known before when an bitcoin company made a back door listing on the Australian Securities exchange. As a listing requirement they had to disclose the particulars of their business which included short selling crypto currencies.3. Exchange owners win, market making firms win, and the community loses.
You will see thins in various markets where "bots", computer trading systems try to drive down the price after already having sold short coins from the "hot wallet".
If this is not in our interest we need to stand up to them
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