BTC-E crash to $150!

[xenofanesSkarak]

i think it's pretty obvious that this was a bear raid to trigger stops in a thin market. Someone smashed it down, triggering stop-losses and picked up a bunch of cheap coins. Yes, some standing buy orders will have been filled, and a few lucky people got some cheap coins too, but overall mostly people got raped and one entity made a huge profit.
All happened too quickly for any new orders to be placed.

Was it done with inside knowledge of the order book? Quite possiblly, but we will never know. Could easily have been the exchange itself.

I don't buy any 'fat-finger' theories. Rape and pillage much more likely IMO - this is Bitcoin ...

Just my 2c

Agree, I would also assume that it made BTCe itself probably. But you cannot have complicated triggers on their web page. You can done complicated trigger if you trade through API on your platform, but then I thought exchange,( nobody except the owner of platform) could see where did you put your trigger, and BTCe doesnot allow you to trade on leverage (except their tricky MT4, where I trade and see no volume). So how could BTCe know where people put their triggers?

[1715011685]

1715011685

[White sugar]

there are some trades on bitcoinwisdom, but site still is offline

[Natalia_AnatolioPAMM]

it happens too often these days

[oblivi]

As we are seeing right now, the price is climbing back all the way to 280. 280 seems to be definitely some sort of new floor or stable price were it recovers after every dip and seems to go back there after small pumps. Breaking 300 again is only a matter of time, it's only 20 dollars away. Once we pass it for the third time it's game over the guys that haven't bought yet (even tho another correction could always happen but who cares, why would you risk waiting for that).

[Bardman]

Same thing that happened on August 2014.



Market maker or other any other major player dumps a big quantity of coins that wipes out an important portion of the whole orderbook which causes a margin cascade of longs closing. Considering that BTC-E is illiquid, this is highly profitable if he has shorts opened that he will soon close/already closed or longs/coins orders at around $150.

Being a shady as hell exchange I wouldn't be surprised if somebody from BTC-E is somewhat responsible himself, having insider info on where all the stops are placed and margin calls would be triggered.

Stop hunts and shenanigans happen in forex everyday, can't see how a shitty anon exchange for magic internet money would be any different.






This, or an Agora drug dealer or admin dumping because he wanted to buy a boat or something.
Still, the results (margin cascade) are the same.

Im kind of surprised with the responses im seeing here because i thought that btc-e was a pretty trusted exchange, any further argument for calling it a shady exchange? I havent seen any complaints about them whatsoever.

[Za1n]

Personally I am expecting the worst out of them. I had some trades mysteriously close during the so called "crash" that should have stayed open even if the price went to 0, even had buy limits canceled for no reason that should have been filled. I have tried transferring out of my MT4 account to get my remaining funds out of that thieves den, but of course that does not work either. Three days later no support response back on my ticket and now the site is down.

[xenofanesSkarak]

Personally I am expecting the worst out of them. I had some trades mysteriously close during the so called "crash" that should have stayed open even if the price went to 0, even had buy limits canceled for no reason that should have been filled. I have tried transferring out of my MT4 account to get my remaining funds out of that thieves den, but of course that does not work either. Three days later no support response back on my ticket and now the site is down.

yes that happened to me as well, I should have made printscreen, but what I can do with them??? send them to non responding support? I will just move all my funds away... hopefully soon. As I wrote, they let you make several USD profit but when you want to multiply your strategy they stopp to execute your trade. Simple "Off quotes" error message. or lost connection. And you can ****************** And of course after you got into loss suddenly everything is smooth.... But when you try simoultaneously (eg manually at the same time ) made the same trade with 0.01 everything is OK..... what to say more?

I opened several 5.00 lot buy positions on BTCe MT4 (open a trade was quick and easy) but problem was that it was made by much worse price and the worst of all was closing - you couldnot close it partially, you couldnot close it by changing SL or TP - price was going up and down and my SL and TP field in MT4 got yellow but was not respected. (= so it could close my trade 30 USD away from SL and I wouldnot do anything with this.... you know support if even bother to answer you can tell you anything... perhaps you already trade somewhere MT4 bucketshop )
 I tried to open a small 0.05 lot of their CFD or whatever it is, and close this small position and it was smooth. But anything biger like 1.0 or even 5.0 lot position was frozen.... after about 1 hour since that drop it started to closing my position by small parts (Partially by 0.01 or 0.05 etc !!!! and of course cca 5 USD away from SL or TP}  and all that pain was finished during another hour.

I thought I made a fortune but in the end it was loss for me. Never more.
I could summartize it, I can change a bit that sentence sadi by Henry Ford: You can close your trade/ position anytime  if you are in a loss. (other wise you get "off quotes message") really funny but not for me.


Bitfinex is better for leverage trading. Problems are bigger fees. But forget 796 if you dont have good robot. 796 is worst of all cause they have "AOC"  and this funny thing close your position once you get to the certain % of loss (even if you have enough BTC on your margin account) and than it takes all your money involved in a margin trade not only the part of money which you risk. This is insane. If you trade eg 1 BTC dont tell me that they cannot find counterparty for only 1 c o c k sucking BTC....
of course problem is as you surely know, that price isnot continual/smooth (I mean price goes in thresholds, it could be 277, 278, 279 per 1 BTC and not anything between because counterparty just want to execute only at certain level... and the whole funny issue is that on 796 price is like $280 per BTC but of course sudenly it could flash within a second to $300 on the buy or sell side and the whole funny thing is that at $280 you are in a loss like 30% which is OK, but with that sudden flash you got over that sucking % set by 796 for that current week and despite price goes immediately down to $280, the c o c ksucking 796 takes ALL YOUR MONEY INVOLVED. Everybody with more than 1 braincell in their head called it daylight robbery, but 796 call it AOC .....)

perhaps the only solution of this is not to trade on leverage but 1:1. But why I would do it for their high fees??? I could trade 1:1 directly without fees on much more trusted places like Bitstamp much more comfortably where price respects other exchanges and dont make dips +-20 USD in a second...
I thought 796 could be a place where you can try to profit from some certain movements but I warn you - on 796 the price is totally different with sudden big thresholds so its impossible to trade on high leverage movements like last weeks monday cause they look totally different on 796 and your position would be very probably sudenly closed. In case you dont have a robot which can with a fraction of a second evaluate how deep you are in a loss and accomodate the position... But again... who knows whether 796 doesnot segregate clients as well and maybe if you have big position you got "off quotes" as well despite you have clever robot....

Problem is they change that % how deep it allows you to go in a loss regularly .... their price is totally different from exchanges (sometimes +20 usd up sometimes down....) I incurred a big loss after a few succesful trades and unfortunately I didnot find good platform for trading 796 (their web pages is insufficient only a fool could trade on high leverage throgh 796 webpage)


my advice is.. forget on leverage and trade 1:1 on well known exchange, maybe with reliable robot, if you want to sleep and not sit in front of screen every night

[xenofanesSkarak]

Personally I am expecting the worst out of them. I had some trades mysteriously close during the so called "crash" that should have stayed open even if the price went to 0, ....

I also noticed last week (but I guess it must be all the time) (this time I printscreened it) very large orders on buy or sell side. like 1000 BTC several times in a row and then dissappear after half hour.. such big order wouldnot be strange at Bitfinex but here it looked strange - other orders were from 0.001 BTC till 1 BTC and sudenly threshold like this. Like a fist in your face.  
But of course it could be anybody like a whale or of course Exchange itself
And dont forget, BTCe webpage looks still the same as in 2012. They didnot even bother to change colors of fields..... yes they added some coins if I remember well, they made MT4 in 2013 and kind of 2FA login but thats all, Their charts on their web looks like a joke. Without robot you didnot even see chart of market depth (well its probably totally useless but again you even cannot look at it....)
The only thing which hasnot changed that they are anonymous and never been hacked....

well but I am not gonna wait so long

but to be sincere, now I checked their page, and they are on line, my money are there and if you send BTC you wait some 5-10 minutes... so I cannot say anything wrong in this way.

[Za1n]

Well I got my response back from them, and it is not very promising as far as my trades go.... Basically telling me too bad, so sad, or in other words Sh*t Happens!

Dear xxxxxxxxx,

Due to increased volatility, price has dropped significantly and recovered in a moment. A lot of request have been triggered due to that, and were executed at prices, that were available at execution time. Such things happen from time to time on all kind of exchanges and it's impossible to avoid.

Best Regards,
Trading Desk



Ticket Details
________________________________________
Ticket ID: KXX-XXX-XXXXX
Department: Trading desk
Type: Issue
Status: Closed
Priority: Normal

Now to try and get my money transferred out of there. I cannot access the site yet, even though I see movement on the charts and other people claiming they can get in. From the looks of it, it may be a DNS issue as I get messages which suggest this. Does anyone know the IP address so I could try to get to the site directly?

Code:

The server at btc-e.com can't be found, because the DNS lookup failed. DNS is the network service that translates a website's name to its Internet address.
This error is most often caused by having no connection to the Internet or a misconfigured network. 
It can also be caused by an unresponsive DNS server or a firewall preventing Google Chrome from accessing the network.

[mrhelpful]

I dont know how most people get their bitcoins from btc-e.

It seems that the exchange always has times that they feel like they need to cash out by screwing someone over.

The stories of btc-e and deposits, to accounts being hacked or other misc horror with leaving funds there as well.

[techgeek]

Personally I am expecting the worst out of them. I had some trades mysteriously close during the so called "crash" that should have stayed open even if the price went to 0, even had buy limits canceled for no reason that should have been filled. I have tried transferring out of my MT4 account to get my remaining funds out of that thieves den, but of course that does not work either. Three days later no support response back on my ticket and now the site is down.

When mt.gox crashed back in the day, their value also dropped as well.

But that was entirely just cause each exchange relied on each others support. But from on the responses its leading down to their questionable services overall on their site.

[Sage]

BTC could not have crashed to 150 with that low of volume, plain and simple. 

https://bitcoinwisdom.com/markets/btce/btcusd

There was a spike in volume during the crash, but not nearly enough to push the market to that level.

On July 11th on the spike up, the volume was double the volume during the crash, and the market only moved from  a low of 265 to 298.

There is no fucking way 1/2 the volume of that move moved the market from 280 to 150!  NO FUCKING WAY!

Either there was a glitch, or collusion, clearing open orders for a insider to execute a leveraged sell off, then re-buy back at a deep discount.

Whatever really happened we need to get the truth.

Some here have reported cancelled open orders they did not cancel.  That's exactly what would happen if there was collusion to open the way for an insider to crash the market.

I hope some insiders in BTC-E blow the whistle.  If there is collusion going on the community needs to know about it.

[Bardman]

Personally I am expecting the worst out of them. I had some trades mysteriously close during the so called "crash" that should have stayed open even if the price went to 0, even had buy limits canceled for no reason that should have been filled. I have tried transferring out of my MT4 account to get my remaining funds out of that thieves den, but of course that does not work either. Three days later no support response back on my ticket and now the site is down.

yes that happened to me as well, I should have made printscreen, but what I can do with them??? send them to non responding support? I will just move all my funds away... hopefully soon. As I wrote, they let you make several USD profit but when you want to multiply your strategy they stopp to execute your trade. Simple "Off quotes" error message. or lost connection. And you can ****************** And of course after you got into loss suddenly everything is smooth.... But when you try simoultaneously (eg manually at the same time ) made the same trade with 0.01 everything is OK..... what to say more?

I opened several 5.00 lot buy positions on BTCe MT4 (open a trade was quick and easy) but problem was that it was made by much worse price and the worst of all was closing - you couldnot close it partially, you couldnot close it by changing SL or TP - price was going up and down and my SL and TP field in MT4 got yellow but was not respected. (= so it could close my trade 30 USD away from SL and I wouldnot do anything with this.... you know support if even bother to answer you can tell you anything... perhaps you already trade somewhere MT4 bucketshop )
 I tried to open a small 0.05 lot of their CFD or whatever it is, and close this small position and it was smooth. But anything biger like 1.0 or even 5.0 lot position was frozen.... after about 1 hour since that drop it started to closing my position by small parts (Partially by 0.01 or 0.05 etc !!!! and of course cca 5 USD away from SL or TP}  and all that pain was finished during another hour.

I thought I made a fortune but in the end it was loss for me. Never more.
I could summartize it, I can change a bit that sentence sadi by Henry Ford: You can close your trade/ position anytime  if you are in a loss. (other wise you get "off quotes message") really funny but not for me.


Bitfinex is better for leverage trading. Problems are bigger fees. But forget 796 if you dont have good robot. 796 is worst of all cause they have "AOC"  and this funny thing close your position once you get to the certain % of loss (even if you have enough BTC on your margin account) and than it takes all your money involved in a margin trade not only the part of money which you risk. This is insane. If you trade eg 1 BTC dont tell me that they cannot find counterparty for only 1 c o c k sucking BTC....
of course problem is as you surely know, that price isnot continual/smooth (I mean price goes in thresholds, it could be 277, 278, 279 per 1 BTC and not anything between because counterparty just want to execute only at certain level... and the whole funny issue is that on 796 price is like $280 per BTC but of course sudenly it could flash within a second to $300 on the buy or sell side and the whole funny thing is that at $280 you are in a loss like 30% which is OK, but with that sudden flash you got over that sucking % set by 796 for that current week and despite price goes immediately down to $280, the c o c ksucking 796 takes ALL YOUR MONEY INVOLVED. Everybody with more than 1 braincell in their head called it daylight robbery, but 796 call it AOC .....)

perhaps the only solution of this is not to trade on leverage but 1:1. But why I would do it for their high fees??? I could trade 1:1 directly without fees on much more trusted places like Bitstamp much more comfortably where price respects other exchanges and dont make dips +-20 USD in a second...
I thought 796 could be a place where you can try to profit from some certain movements but I warn you - on 796 the price is totally different with sudden big thresholds so its impossible to trade on high leverage movements like last weeks monday cause they look totally different on 796 and your position would be very probably sudenly closed. In case you dont have a robot which can with a fraction of a second evaluate how deep you are in a loss and accomodate the position... But again... who knows whether 796 doesnot segregate clients as well and maybe if you have big position you got "off quotes" as well despite you have clever robot....

Problem is they change that % how deep it allows you to go in a loss regularly .... their price is totally different from exchanges (sometimes +20 usd up sometimes down....) I incurred a big loss after a few succesful trades and unfortunately I didnot find good platform for trading 796 (their web pages is insufficient only a fool could trade on high leverage throgh 796 webpage)


my advice is.. forget on leverage and trade 1:1 on well known exchange, maybe with reliable robot, if you want to sleep and not sit in front of screen every night

You are talking about a lot of things here but why would they mess up with your trades? What do they win by doing that? Absolutely nothing as far as i understand it. I have been using btc-e for over a year now and i have never had any problems with them, everything is always smooth, the only problem recently is the frequent ddos but you cant really do much about it.

[Sage]

Personally I am expecting the worst out of them. I had some trades mysteriously close during the so called "crash" that should have stayed open even if the price went to 0, even had buy limits canceled for no reason that should have been filled. I have tried transferring out of my MT4 account to get my remaining funds out of that thieves den, but of course that does not work either. Three days later no support response back on my ticket and now the site is down.

yes that happened to me as well, I should have made printscreen, but what I can do with them??? send them to non responding support? I will just move all my funds away... hopefully soon. As I wrote, they let you make several USD profit but when you want to multiply your strategy they stopp to execute your trade. Simple "Off quotes" error message. or lost connection. And you can ****************** And of course after you got into loss suddenly everything is smooth.... But when you try simoultaneously (eg manually at the same time ) made the same trade with 0.01 everything is OK..... what to say more?

I opened several 5.00 lot buy positions on BTCe MT4 (open a trade was quick and easy) but problem was that it was made by much worse price and the worst of all was closing - you couldnot close it partially, you couldnot close it by changing SL or TP - price was going up and down and my SL and TP field in MT4 got yellow but was not respected. (= so it could close my trade 30 USD away from SL and I wouldnot do anything with this.... you know support if even bother to answer you can tell you anything... perhaps you already trade somewhere MT4 bucketshop )
 I tried to open a small 0.05 lot of their CFD or whatever it is, and close this small position and it was smooth. But anything biger like 1.0 or even 5.0 lot position was frozen.... after about 1 hour since that drop it started to closing my position by small parts (Partially by 0.01 or 0.05 etc !!!! and of course cca 5 USD away from SL or TP}  and all that pain was finished during another hour.

I thought I made a fortune but in the end it was loss for me. Never more.
I could summartize it, I can change a bit that sentence sadi by Henry Ford: You can close your trade/ position anytime  if you are in a loss. (other wise you get "off quotes message") really funny but not for me.


Bitfinex is better for leverage trading. Problems are bigger fees. But forget 796 if you dont have good robot. 796 is worst of all cause they have "AOC"  and this funny thing close your position once you get to the certain % of loss (even if you have enough BTC on your margin account) and than it takes all your money involved in a margin trade not only the part of money which you risk. This is insane. If you trade eg 1 BTC dont tell me that they cannot find counterparty for only 1 c o c k sucking BTC....
of course problem is as you surely know, that price isnot continual/smooth (I mean price goes in thresholds, it could be 277, 278, 279 per 1 BTC and not anything between because counterparty just want to execute only at certain level... and the whole funny issue is that on 796 price is like $280 per BTC but of course sudenly it could flash within a second to $300 on the buy or sell side and the whole funny thing is that at $280 you are in a loss like 30% which is OK, but with that sudden flash you got over that sucking % set by 796 for that current week and despite price goes immediately down to $280, the c o c ksucking 796 takes ALL YOUR MONEY INVOLVED. Everybody with more than 1 braincell in their head called it daylight robbery, but 796 call it AOC .....)

perhaps the only solution of this is not to trade on leverage but 1:1. But why I would do it for their high fees??? I could trade 1:1 directly without fees on much more trusted places like Bitstamp much more comfortably where price respects other exchanges and dont make dips +-20 USD in a second...
I thought 796 could be a place where you can try to profit from some certain movements but I warn you - on 796 the price is totally different with sudden big thresholds so its impossible to trade on high leverage movements like last weeks monday cause they look totally different on 796 and your position would be very probably sudenly closed. In case you dont have a robot which can with a fraction of a second evaluate how deep you are in a loss and accomodate the position... But again... who knows whether 796 doesnot segregate clients as well and maybe if you have big position you got "off quotes" as well despite you have clever robot....

Problem is they change that % how deep it allows you to go in a loss regularly .... their price is totally different from exchanges (sometimes +20 usd up sometimes down....) I incurred a big loss after a few succesful trades and unfortunately I didnot find good platform for trading 796 (their web pages is insufficient only a fool could trade on high leverage throgh 796 webpage)


my advice is.. forget on leverage and trade 1:1 on well known exchange, maybe with reliable robot, if you want to sleep and not sit in front of screen every night

You are talking about a lot of things here but why would they mess up with your trades? What do they win by doing that? Absolutely nothing as far as i understand it. I have been using btc-e for over a year now and i have never had any problems with them, everything is always smooth, the only problem recently is the frequent ddos but you cant really do much about it.

If there is collusion going on, they would cancel open orders to make way for an insider to push the stops at critical resistance points, inducing a leveraged sell off, where that same insider buys back at a deep discount.  There is plenty of reasons for them to mess with the open orders if they have no ethics and interested only in maximizing short-term profits.

We don't know if that is indeed what happened, but if it is, the community needs to know about it.  And/or some people go to jail.

[Bardman]

Personally I am expecting the worst out of them. I had some trades mysteriously close during the so called "crash" that should have stayed open even if the price went to 0, even had buy limits canceled for no reason that should have been filled. I have tried transferring out of my MT4 account to get my remaining funds out of that thieves den, but of course that does not work either. Three days later no support response back on my ticket and now the site is down.

yes that happened to me as well, I should have made printscreen, but what I can do with them??? send them to non responding support? I will just move all my funds away... hopefully soon. As I wrote, they let you make several USD profit but when you want to multiply your strategy they stopp to execute your trade. Simple "Off quotes" error message. or lost connection. And you can ****************** And of course after you got into loss suddenly everything is smooth.... But when you try simoultaneously (eg manually at the same time ) made the same trade with 0.01 everything is OK..... what to say more?

I opened several 5.00 lot buy positions on BTCe MT4 (open a trade was quick and easy) but problem was that it was made by much worse price and the worst of all was closing - you couldnot close it partially, you couldnot close it by changing SL or TP - price was going up and down and my SL and TP field in MT4 got yellow but was not respected. (= so it could close my trade 30 USD away from SL and I wouldnot do anything with this.... you know support if even bother to answer you can tell you anything... perhaps you already trade somewhere MT4 bucketshop )
 I tried to open a small 0.05 lot of their CFD or whatever it is, and close this small position and it was smooth. But anything biger like 1.0 or even 5.0 lot position was frozen.... after about 1 hour since that drop it started to closing my position by small parts (Partially by 0.01 or 0.05 etc !!!! and of course cca 5 USD away from SL or TP}  and all that pain was finished during another hour.

I thought I made a fortune but in the end it was loss for me. Never more.
I could summartize it, I can change a bit that sentence sadi by Henry Ford: You can close your trade/ position anytime  if you are in a loss. (other wise you get "off quotes message") really funny but not for me.


Bitfinex is better for leverage trading. Problems are bigger fees. But forget 796 if you dont have good robot. 796 is worst of all cause they have "AOC"  and this funny thing close your position once you get to the certain % of loss (even if you have enough BTC on your margin account) and than it takes all your money involved in a margin trade not only the part of money which you risk. This is insane. If you trade eg 1 BTC dont tell me that they cannot find counterparty for only 1 c o c k sucking BTC....
of course problem is as you surely know, that price isnot continual/smooth (I mean price goes in thresholds, it could be 277, 278, 279 per 1 BTC and not anything between because counterparty just want to execute only at certain level... and the whole funny issue is that on 796 price is like $280 per BTC but of course sudenly it could flash within a second to $300 on the buy or sell side and the whole funny thing is that at $280 you are in a loss like 30% which is OK, but with that sudden flash you got over that sucking % set by 796 for that current week and despite price goes immediately down to $280, the c o c ksucking 796 takes ALL YOUR MONEY INVOLVED. Everybody with more than 1 braincell in their head called it daylight robbery, but 796 call it AOC .....)

perhaps the only solution of this is not to trade on leverage but 1:1. But why I would do it for their high fees??? I could trade 1:1 directly without fees on much more trusted places like Bitstamp much more comfortably where price respects other exchanges and dont make dips +-20 USD in a second...
I thought 796 could be a place where you can try to profit from some certain movements but I warn you - on 796 the price is totally different with sudden big thresholds so its impossible to trade on high leverage movements like last weeks monday cause they look totally different on 796 and your position would be very probably sudenly closed. In case you dont have a robot which can with a fraction of a second evaluate how deep you are in a loss and accomodate the position... But again... who knows whether 796 doesnot segregate clients as well and maybe if you have big position you got "off quotes" as well despite you have clever robot....

Problem is they change that % how deep it allows you to go in a loss regularly .... their price is totally different from exchanges (sometimes +20 usd up sometimes down....) I incurred a big loss after a few succesful trades and unfortunately I didnot find good platform for trading 796 (their web pages is insufficient only a fool could trade on high leverage throgh 796 webpage)


my advice is.. forget on leverage and trade 1:1 on well known exchange, maybe with reliable robot, if you want to sleep and not sit in front of screen every night

You are talking about a lot of things here but why would they mess up with your trades? What do they win by doing that? Absolutely nothing as far as i understand it. I have been using btc-e for over a year now and i have never had any problems with them, everything is always smooth, the only problem recently is the frequent ddos but you cant really do much about it.

If there is collusion going on, they would cancel open orders to make way for an insider to push the stops at critical resistance points, inducing a leveraged sell off, where that same insider buys back at a deep discount.  There is plenty of reasons for them to mess with the open orders if they have no ethics and interested only in maximizing short-term profits.

We don't know if that is indeed what happened, but if it is, the community needs to know about it.  And/or some people go to jail.

Does anyone really posses any kind of evidence for that? Because all i see is speculation and accusations without much proof or none. Cryptsy as an example used to be really inconsistent and probably still is when it comes to orders, most of the times your orders werent canceled on time or you wouldnt get your money back fast enough, as i said i never had problems with btc-e and i have been trading recently more than 0.5 bitcoins per trade.

[Sage]

Personally I am expecting the worst out of them. I had some trades mysteriously close during the so called "crash" that should have stayed open even if the price went to 0, even had buy limits canceled for no reason that should have been filled. I have tried transferring out of my MT4 account to get my remaining funds out of that thieves den, but of course that does not work either. Three days later no support response back on my ticket and now the site is down.

yes that happened to me as well, I should have made printscreen, but what I can do with them??? send them to non responding support? I will just move all my funds away... hopefully soon. As I wrote, they let you make several USD profit but when you want to multiply your strategy they stopp to execute your trade. Simple "Off quotes" error message. or lost connection. And you can ****************** And of course after you got into loss suddenly everything is smooth.... But when you try simoultaneously (eg manually at the same time ) made the same trade with 0.01 everything is OK..... what to say more?

I opened several 5.00 lot buy positions on BTCe MT4 (open a trade was quick and easy) but problem was that it was made by much worse price and the worst of all was closing - you couldnot close it partially, you couldnot close it by changing SL or TP - price was going up and down and my SL and TP field in MT4 got yellow but was not respected. (= so it could close my trade 30 USD away from SL and I wouldnot do anything with this.... you know support if even bother to answer you can tell you anything... perhaps you already trade somewhere MT4 bucketshop )
 I tried to open a small 0.05 lot of their CFD or whatever it is, and close this small position and it was smooth. But anything biger like 1.0 or even 5.0 lot position was frozen.... after about 1 hour since that drop it started to closing my position by small parts (Partially by 0.01 or 0.05 etc !!!! and of course cca 5 USD away from SL or TP}  and all that pain was finished during another hour.

I thought I made a fortune but in the end it was loss for me. Never more.
I could summartize it, I can change a bit that sentence sadi by Henry Ford: You can close your trade/ position anytime  if you are in a loss. (other wise you get "off quotes message") really funny but not for me.


Bitfinex is better for leverage trading. Problems are bigger fees. But forget 796 if you dont have good robot. 796 is worst of all cause they have "AOC"  and this funny thing close your position once you get to the certain % of loss (even if you have enough BTC on your margin account) and than it takes all your money involved in a margin trade not only the part of money which you risk. This is insane. If you trade eg 1 BTC dont tell me that they cannot find counterparty for only 1 c o c k sucking BTC....
of course problem is as you surely know, that price isnot continual/smooth (I mean price goes in thresholds, it could be 277, 278, 279 per 1 BTC and not anything between because counterparty just want to execute only at certain level... and the whole funny issue is that on 796 price is like $280 per BTC but of course sudenly it could flash within a second to $300 on the buy or sell side and the whole funny thing is that at $280 you are in a loss like 30% which is OK, but with that sudden flash you got over that sucking % set by 796 for that current week and despite price goes immediately down to $280, the c o c ksucking 796 takes ALL YOUR MONEY INVOLVED. Everybody with more than 1 braincell in their head called it daylight robbery, but 796 call it AOC .....)

perhaps the only solution of this is not to trade on leverage but 1:1. But why I would do it for their high fees??? I could trade 1:1 directly without fees on much more trusted places like Bitstamp much more comfortably where price respects other exchanges and dont make dips +-20 USD in a second...
I thought 796 could be a place where you can try to profit from some certain movements but I warn you - on 796 the price is totally different with sudden big thresholds so its impossible to trade on high leverage movements like last weeks monday cause they look totally different on 796 and your position would be very probably sudenly closed. In case you dont have a robot which can with a fraction of a second evaluate how deep you are in a loss and accomodate the position... But again... who knows whether 796 doesnot segregate clients as well and maybe if you have big position you got "off quotes" as well despite you have clever robot....

Problem is they change that % how deep it allows you to go in a loss regularly .... their price is totally different from exchanges (sometimes +20 usd up sometimes down....) I incurred a big loss after a few succesful trades and unfortunately I didnot find good platform for trading 796 (their web pages is insufficient only a fool could trade on high leverage throgh 796 webpage)


my advice is.. forget on leverage and trade 1:1 on well known exchange, maybe with reliable robot, if you want to sleep and not sit in front of screen every night

You are talking about a lot of things here but why would they mess up with your trades? What do they win by doing that? Absolutely nothing as far as i understand it. I have been using btc-e for over a year now and i have never had any problems with them, everything is always smooth, the only problem recently is the frequent ddos but you cant really do much about it.

If there is collusion going on, they would cancel open orders to make way for an insider to push the stops at critical resistance points, inducing a leveraged sell off, where that same insider buys back at a deep discount.  There is plenty of reasons for them to mess with the open orders if they have no ethics and interested only in maximizing short-term profits.

We don't know if that is indeed what happened, but if it is, the community needs to know about it.  And/or some people go to jail.

Does anyone really posses any kind of evidence for that? Because all i see is speculation and accusations without much proof or none. Cryptsy as an example used to be really inconsistent and probably still is when it comes to orders, most of the times your orders werent canceled on time or you wouldnt get your money back fast enough, as i said i never had problems with btc-e and i have been trading recently more than 0.5 bitcoins per trade.

The hard number right now is the volume on the day of the crash.  

The volume does not justify a crash to that level.  How that happened needs to be investigated, and the truth come out.

If it was a glitch, so be it.  If it was collusion, we damn well should know.  What / how were the open orders cancelled without the users consent reported on this forum?  We need to know.  BTC-E owes the community a detailed explanation.

[Za1n]

I will reiterate, I had open buy limit orders canceled. Buy orders that according to BTC-e's explanation should have been filled if the price did indeed drop that low for milliseconds as they are claiming.

I also had open long trades that were closed for no good reason. I am very conservative when investing and the ratio of open trades I had at the time to my equity was maybe 10-15%. Meaning the price could have went to $0.01 and the trades still should not have closed. They closed well above this level, but still enough to incur losses. The whole thing does not add up to an event caused by normal market functions. It appears more likely due to some type of intervention, either insider, hacker, or perhaps a glitch in the software.

Now I will point out that in my case all of this was on their MT4 platform. I had only a couple of small orders on the main site at the time, and those performed as expected.

The other curious thing is that according to MT4's graphical history I do not see any spike downward to even suggest it hit $150 like on the main site. It appears to have bottomed around $194. It may not have recorded a millisecond drop though. In any case, my positions should not have been impacted at $150, or as I said even at $1.

I did screenshot everything and downloaded all my transaction reports, along with every conversation I had with them, in case I would need this information in the future. Seeing as how they are in Bulgaria and I am in the US, I do not think much can be done from my standpoint other than try and get my remaining money off of the MT4 exchange and off their site.

In closing I will just say I am not sure what happened, but I am not satisfied with the explanation they have given me because it does not line up to what I experienced with my account. So whether it was a honest mistake, computer glitch, hacker, or whatever, it does not matter to me until a proper explanation is forth-coming. All I can do is move my funds off that exchange and post about my experience in order to let others make up their own minds with what to do.

[Number6]

I left BTC-E a long time ago due to their shenanigans.

They always seem to be more volatile in the price swings than the other exchanges, probably due to the low volume. It has already been mentioned they never give good explanations when troubles do arise, thus my hesitation to trade there.

[xenofanesSkarak]

You are talking about a lot of things here but why would they mess up with your trades? What do they win by doing that? Absolutely nothing as far as i understand it. I have been using btc-e for over a year now and i have never had any problems with them, everything is always smooth, the only problem recently is the frequent ddos but you cant really do much about it.

I am talking about the fact that their MT4 is bucket shop.
If you make very small trades 0.01 than it is OK. But than you earn 1 cent when it goes 1 usd in your favour. No, you earn 1 cent after it goes 2 or 3 USD in your favour cause you have to pay them fees. In another words, you would earn approx 1 USD on 100 USD price change. Common I think we want to earn more than this. You want to open 0.01 trade and wait 1 year whether it goes 100 USD in your favour and than grab your 1 USD?
 But try to open 1.00 lot of their CFD and very probably they realize that trade into small pieces like 0.01 (sorry but when I want to buy 1.00 I want to have it in one part not in 50 rows, especially when you try to open more and result is 300 rows in MT4 window. If you want to see that mess I can send you printscreens......) and than when you want to close this trade in profit, you simply see "off quotes" but when in the same platform I tried another small trade like 0.05, of course I could open and close it immediately with tiny profit.

MT4 enable brokers to make groups of clients according to different criteria, in another words its easy for broker to cheat clients... and why they wouldnot do it when they could and nobody is able to realize it?

I am talking about the fact, that if you ever tried to open a large trade like 5.00 of their CFD or even 10 x 5.00 you cannot never get good price but everytime signioficantly higher (in case of buying) and once you decide to close the trade in profit very probably (not 100% everytime) you simply cannot. because of different error messages.
That sucks, if you take 100 BTC and try to sell it at Bitstamp or Bitfinex, you also dont get best price but your price doesnot differ by 10 or even more USD (20 usd)  from price which you see on screen. It may even happen that your price could be better than you expected, Becuase their order book is full of real buyers and sellers.
Even if you try to trade on some sudden movements you can rely that you buy or sell for the price which you see on screen even if you trade manually.
On BTCe MT4 must be no volume than because there is never any counterparty for your large trade.

BTCe exchange is OK, they dont mess with you but problem is that you must see many warning signs like no volume, BTC is cheaper by 10 or more usd, strange price behavior,... for me its enough - I lost money on MT4 and dont want to loose the rest because I already lost on MTGox

And regarding BTCe MT4....
In case you set up tight SL or TP, guess what, of course, it will be hit exactly at that SL price by sudden flash. And you cannot say anything cause in charts you cant see both buy/sell price so in many cases you simply couldnot do anything, you cannot see whether the price really reach thet threshold.
And worst of all, if you dont fill TP or SL, you risk even bigger disaster, in case like last weekend. I had one left waiting order sell at 219 with TP on 200 and SL on 259. I forgot to delete it cause I would never expect that price would go down so deep during weekend. And guess what, of coures it was triggered and of course it was closed on SL around 259.... despite price went down to 160 or something prior it went back higher. But of course it could be explained , but its the same when your girlfriend is cheating on you and gives you any explanation which is on her mind.
Once I was thinking about their master and slave account system.. but if you read their details about fees... I think it only results in paying fees to master and broker and you dont get anything, And of course, they tell you that master account has bad days, that you must have expected it and even if master makes some profit, fees are huge so you see some profit only in case of 100% a month or so what you cannot expect in reality.
My assuption is, that they let you winn just a couple of USD, max maybe 10 or twenty USD a week, once you would get into tens or even hundreds of USD a week, they do anything to kill you. Thats my bitter 1 year experience

[xenofanesSkarak]

Does anyone really posses any kind of evidence for that? Because all i see is speculation and accusations without much proof or none. Cryptsy as an example used to be really inconsistent and probably still is when it comes to orders, most of the times your orders werent canceled on time or you wouldnt get your money back fast enough, as i said i never had problems with btc-e and i have been trading recently more than 0.5 bitcoins per trade.

yes of course, I have many printscreens, but what you can do with that - its useless to write to their non responding support. I already tried comlain to another MT4 broker and simly its lost case. They always tell you that and that that the price flash there and there and that you must know it that it happens all the time and of course you can comlain but they tell you are bad trader and dont give you money back. the only solution is go away and trade differently

Cryptsy has almost no significant volume in last days. I sold my coins during spring and now I have USD but in their USd markets you cannot buy anything, in some cases volume is even smaller than it was last year.
I would like to trade coins like PPC, because Cryptsy has unique offer of hundreds of coins but unfortunately many coins are without volume.