Bitcoin Forum

The owner was already busted. 
Today, every time there has been downward movement on stamp, bitfinex locks up and takes longer than usual to load, preventing a position from being taken or exited quickly. 
My imagination or the owner is filling his orders first.......

aha..source?

search forum, it was news from like a week ago

"maniuplation"..haha  ;D

I'm not a good typer :(

do you mix up Bitinstant and Bitfinex?

I noticed the website locking up but the API did not. I guess the slowdown was caused by web traffic spike.

https://cryptowat.ch/

Here you can see the best graphic for bitifinex, some say there was some sort of bug.

They use so called "circuit-breaker" which prevents malicious dumping and stop-loss hunting (remember spikes to 100 back in 2003). When trader wants to crash price, lets say by dumping 5000 btc at once, their trading engine prevents crash by locking all current orders (you cannot cancel your order in the meantime) and slowly execute all buy and sell order by matching them without jumping the line.

Without this market sell order of 5000 coins would crash price by 30% in a second. Because they use this breaker the result is now that it first dumps 1000k coins and now buy orders at this price gets activated and matched with dumpers order. Then it proceeds with selling to the next order and so on until all coins gets sold and then trading gets back to normal.

I don't think he was busted but clamimed to do so.

Yesterday I wanted to short at ~300$ but couldn't log in for several minutes.
One minute after the dumps started, logged in no problem. Could have been ddosed though.

everyone was expecting things to happen when countdown reached 0.

I guess everyone was f5ing the site to take positions, and things get worse when the dump started

BFX and OKcoin actively hunt stops, I have seen it. Upthrust candles. It allows whales to cash out without too much slippage. You really have to allow for this because it happens in traditional markets and not put your stop losses in obvious places. You would do the same if you had that many coins to move around.

both they are dangerous casino, instead of the real exchange, and should avoid to trade on these two places

It's a very common scenario and happens all the time even in fx currency trading especially when you have major news event. People are saying it's due to the heavy server load but whatever it is, its up to you to define.

Well a lot of good explanations, I personally still think fishy activities were going on behind the scenes, but not much one can do. 

Thats called website lagging, not busted :)

What do you mean busted? Are you talking about the interview where he said he traded on bitfinex?

Oh?

So my suspicions that lead to me creating the thread in my signature were most likely justifiable?

i see this week all exchanger like manipulation with some people, so hold ur btc.

yeah
it's a wolf in sheep's clothing, that a auper casino in the name of Bitcoin
stay away from it.