Don't deposit any money on bitfinex and if you have coins there, withdraw them - better safe than sorry.
That would be the best possible way for people to react, but I am fairly sure that just a tiny fraction of them will actually do so. Most people will only learn when things cost them a heavy load of money, but then it's already too late to act. I am not trying to scare people off, but the Mtgox smell starts to become stronger and stronger. Well yes, that's by definition how it works if Bitfinex is insolvent - it basically becomes a ponzi scheme. Those few who get out get out, the rest is inevitably trapped. The USD trapped is always going to be trapped, by getting out you're only changing >who< gets trapped. The majority would inevitably end up trapped. |
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Think of it like this: when you put in a stop-loss in an exchange-based GUI, you're giving free information at that point, saying "HEY! I'm willing to sell all my bitcoins at x-$ below market price". Information has value.
I'm don't want to accuse exchanges of selling any of this data, but realize that at least to the exchange you're giving up this information for free. At least the exchange knows, while it shouldn't have to know.
If you want to work with stop-loss, keep the stop-loss mechanism in your own control and use the API to execute it when the price hits trigger-$, so you can avoid giving information for free to a third party.
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You were kidding yourself with that bogus line, that you drew towards the current downtick instead of the previous low in the uptrend like you should've, and you knew it. And the price now shows it too  |
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That was a while ago, surely the market don't respond that slow Market reacted instantly, only 'crashed' 20 minutes later. That's not slow. |
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17nm3UtZf8GayCpr2M6KRazVSUzAgU7oYb
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Now THAT'S a bulltrap - someone got swindled for 1k over at bitstamp, throwing it right into 450 for no reason.
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Sub 300 panic posts incoming in 3. 2. 1.
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China premium!
The other way around this time though.
We all know what that means.
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ITT: Adam trying to s(t)imulate mass despair in the hopes other people will pick up on that and reverse the trend.
Guess he still has some coins.
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jesus christ this is ridiculous
Wait, the bubble wasn't? #delusion |
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Anyone else seeing that 50 BTC bot at stamp? I think he's broken.
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Looks like China broke downwards. GG.
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everyone log in and think really really hard as to whether you should buy or sell 468.0 USD / BTC
You make it sound like we can't keep buying one minute then selling one minute later...  |
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Everyone knows Huobi/OkCoin volume and trading is not entirely legit. Not that it matters, though.
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Not to be a killjoy or anything, but that panic buy bro.
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Oww who panic bought right there?  |
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Hey Adam. Keep doing what you're doing man. Top job |
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That's it??   Yes, safe to go all in now |
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