$162 Bitfinex [2015-AUG-18]

[goxed]

Rocket's changed its course.

[LordCoder]

What's the reason? Can anyone explain?

[knight22]

What's the reason? Can anyone explain?

Bitcoinxt FUD

[silverbox]

162 methinks..

[goxed]

Who could've thunk about this timing. My fishing hooks are not ready  

[Deres]

all slipped into the abyss

[randy8777]

damn! i expected the price to go down, but definitely not this much. glad bitstamp and btc-e didn't follow bitfinex downwards.

[WiiD]

What's the reason? Can anyone explain?

people selling their coins.

[monbux]

damn! i expected the price to go down, but definitely not this much. glad bitstamp and btc-e didn't follow bitfinex downwards.

The gap is so huge.. I'm jealous at those bitfinex users that were quick enough to purchase the bitcoins at $170, its $194 now, bitstamp seems to be sadly following :-/

[zeroday]

What's the reason? Can anyone explain?

Leveraged traders got busted on finex

Just got cheap coinz

[lexuz]

Don't to worry bro, take this situation to get profit. I just get profit and now price up again. Dont sell your coins but buy more coins and you will get profit

[LouisVuitton]

I almost cried when I first seen it, anyways it's gone back up now.

[hodlmybtc]

Margin call cascade, whales picked up shitloads of coins from margin long positions down there.

[MF Doom]

lots of people called this the last few days.

dont listen to the perma bulls, they havent been right in the last 1.5 years...

[mattiadeabtc]

Btw i m holding like a boss

[klee]

lots of people called this the last few days.

dont listen to the perma bulls, they havent been right in the last 1.5 years...

This...

[lissandra]

Btw i m holding like a boss

or to some, people think youre a mad man for holding it lol.

Me I think youre doing the right thing by supporting our network despite on these price volatile state its in.

[HungryLaunch]

tomorrow you could buy for 120 $
they will be crying who buy on bitfinnex for 162.

[elux]

Bitfinex crash in 1 minute candles:



Price went from 164 to 216 in the same minute.

52 dollar high-low spread on a single one minute candle.

Haven't seen action like this since April 10. 2013.

[OgNasty]

A move like this is most likely due to insider trading.  I'm assuming someone inside bitfinex saw an opportunity to crash the market and trigger a majority of margin calls.  A lot of little guys just lost everything so a whale could have a snack.  I hope some lessons in margin trading were learned.