Another shiny day in Bitcoinland (and LTC too 
)
But I want to share something I have just noticed when I arrived home. Kraken has have some misbehaviour today (again):
If you look at the graphs there have been a very weird spike downwards from 1339€ to €1221.93 with no significant volume.
It's not just a bitcoinwisdom error, as you can also see it as the 24h low mark on Kraken itself.
What's so strange about this? Well, I have a limit order (since a few days ago) to buy BTC at around 1240€ which has NOT been fullfilled... but the price went lower than my buy order?!?! That's obviously a misbehaviour of their trading engine -not the first at all- and I think that may be some tight longs could have been incorrectly liquidated.
Anyone else that have been affected by the misbehaviour, by not having orders executed when they should, or anyone that has been incorrectly liquidated (they shouldn't if limit buy orders would have executed), please contact me.
)But I want to share something I have just noticed when I arrived home. Kraken has have some misbehaviour today (again):
If you look at the graphs there have been a very weird spike downwards from 1339€ to €1221.93 with no significant volume.
It's not just a bitcoinwisdom error, as you can also see it as the 24h low mark on Kraken itself.
What's so strange about this? Well, I have a limit order (since a few days ago) to buy BTC at around 1240€ which has NOT been fullfilled... but the price went lower than my buy order?!?! That's obviously a misbehaviour of their trading engine -not the first at all- and I think that may be some tight longs could have been incorrectly liquidated.
Anyone else that have been affected by the misbehaviour, by not having orders executed when they should, or anyone that has been incorrectly liquidated (they shouldn't if limit buy orders would have executed), please contact me.
In 2013 that was a grievance across pretty much all exchanges. Kraken seems to be the most easily bogged down exchange lately (weakest infrastructure remaining?), so no real surprise there. They are too busy adding shitcoins to fix what they've got. Over a week to respond to a support request? Screw them, I send my money elsewhere.
Kraken is currently my favorite exchange. Mainly because it doesn't reek of fake volume created by non-existing fiat and playing of their own books. I never trusted BFX and I don't trust Polo either. Something tells me that they exploit this unregulated game as much as possible. Margin trading on shady exchanges is the worst option in the crypto game.
.. but I've been through too many forest fires at this point not to take some profit. The general trend is upward but this movement since Bitfinex halted fiat doesn't look organic to me at all. I see storm clouds ahead.
