Most cryptocoins took a big drop in value today.

[bitcoinsc]

Holiday season is over when college football is over. Looks like manipulation too.
Bart Simpson head. Eat my shorts. Type graph.

[Lpim01]

For every big drop there is a big rise and visa-versa. If you check any
historical graph for any crypto coin you will be able to identify any
countless amounts of such movements. When you are around this
space for a longer time you will realise it happens regularly.

It happen so many times and isn't alarming for this days. We eventually having the dips for a year and it absolutely dragging out people's trust on crypto. The huge fall we have now is not really good for everyone but we can't do nothing is to accept the reality. The market is so different from what it shown in previous years, the game is so risky and might tend of losing if we don't have enough knowledge and planning.

[absolute42]

100X leverage with bitmex allows for incentives for manipulation in an unregulated market. During low volume it doesn't take much to drop the price enough to trigger stop-losses and long position liquidations.

Furthermore, when you're paid out in bitcoin after the manipulated plunge, you open more short positions against long positions that think a rebound is imminent. Then proceed to dump the earned bitcoins on exchanges causing it to happen again. By then they made so much money from selling the bitcoins, they then do the opposite, this time buying all at once after closing short positions.


This will continue to happen until bitmex gets shut down, or someone finds the group of manipulators involved.

either way, to think sudden drops like this is from normal market trends and not a coordinated event when 100x leverage is possible, is delusional.

[sirminesalot]

in my opinion it has become a risk in investing with crypto currencies because we know the risks that will be obtained are very large prices that we cannot predict it is one of them we also have to be ready with these risks