Is this a joke? Shorter with infinite money on Bitfinex?

[r0ach]

He's been spamming shorts for hours and hours, millions of dollars.  He did them all the way down, more at the bottom, and just keeps spamming shorts non-stop on the way up.  Every hourly volume looks like this for probably the last 12 hours:



Every sane person on earth was taking out longs on the crash, but this guy was taking out shorts when the price is already rock bottom, just setting his money on fire on purpose.  I find it ironic this is occurring on the same day Coindesk has an article where the US govt says Bitcoin is a threat to banking interests:

"A major financial oversight body within the US government created in the wake of the financial crisis has identified bitcoin and distributed ledger systems in general as a potential systemic risk".

"The Financial Stability Oversight Committee (FSOC) said in the new report released yesterday that the technology represented an innovation that “appear poised for substantial near-term growth”"

http://www.coindesk.com/us-regulators-recommends-oversight-bitcoin-distributed-ledgers/

If this guy is not the US govt spamming infinite amounts of fiat shorts on BitFinex, he's probably going to get short squeezed to hell and back

[1714514553]

1714514553

[1714514553]

1714514553

[Torque]

Funny too how it all just started to magically happen right after Bitfinex came back online from their little "glitch" in the Matrix? Lol

[r0ach]

If this guy isn't the US govt, he's going to get squeezed into doing something like a $10 million market order.  I wonder if it's just a random idiot that thinks a Brexit no vote would be bad for Bitcoin?  Bitcoin was going up for halving, not that bullshit.  It already had it's crash anyway so it's not like that Brexit nonsense would bring another one.

[thejaytiesto]

Brexit will be a yes anyway. Only naive fools think the powers that be would leave a no to happen, they will conveniently rig it so UK stays in europe.

Also this crash has to be someone with an agenda to stop Bitcoin's rise. Either gov related or ETH whales related.

[Dafar]

Brexit will be a yes anyway. Only naive fools think the powers that be would leave a no to happen, they will conveniently rig it so UK stays in europe.

Also this crash has to be someone with an agenda to stop Bitcoin's rise. Either gov related or ETH whales related.

I have a feeling it's Eth related... convenient how Eth pumps when it was on the verge of collapse while BTC crashes hard for nothing. Someone is trying to save face for Eth so noobs continue buying and not get tempted to purchase BTC when it's legitimately on the rise for good reason.

Unless some insider knows something terrible happening with BTC this kind of manipulation won't last forever

[zby]

To see it in more details (for example there are only 17.5K BTC swaps - not 20K as the long term picture above suggests) - see a shorter term chart at:

https://bfxdata.com/combined/btc

The total amount of shorts is about 17.5K - this is far from the peak which was about 34 a year and a half ago. It has also decreased from 19K a few hours ago, some shorters have already taken their profits.  You must have caught a very not representative moment with your picture.

It is the longs that are crazy - and they have not decreased on that drop - I guess we'll need another one for that.

[BitcoinHodler]

Funny too how it all just started to magically happen right after Bitfinex came back online from their little "glitch" in the Matrix? Lol

hahaha, maybe it is bitfinex themselves!

they must have tried to make a new willi bot of their own that is why they went offline to implement the bot, but they fucked up and now it is back firing

[duts_bg]

  A little more and the denouement will come. Nothing would really amazed me, when I know that in 2014 I'm sold BTC / LTC ratio of 0.05.

[Gyrsur]

inside job

[InternationalBankAlliance]

inside job

Only when it tanks the price. When the price spikes apropos of exactly nothing, it's market dynamics.
Because natural organic growth. Due to increasing utility. And mass adoption.

[Sugetsu]

He's been spamming shorts for hours and hours, millions of dollars.  He did them all the way down, more at the bottom, and just keeps spamming shorts non-stop on the way up.  Every hourly volume looks like this for probably the last 12 hours:

https://i.imgur.com/DmefJGa.png

Every sane person on earth was taking out longs on the crash, but this guy was taking out shorts when the price is already rock bottom, just setting his money on fire on purpose.  I find it ironic this is occurring on the same day Coindesk has an article where the US govt says Bitcoin is a threat to banking interests:

"A major financial oversight body within the US government created in the wake of the financial crisis has identified bitcoin and distributed ledger systems in general as a potential systemic risk".

"The Financial Stability Oversight Committee (FSOC) said in the new report released yesterday that the technology represented an innovation that “appear poised for substantial near-term growth”"

http://www.coindesk.com/us-regulators-recommends-oversight-bitcoin-distributed-ledgers/

If this guy is not the US govt spamming infinite amounts of fiat shorts on BitFinex, he's going to get short squeezed to hell and back sending the price to the moon in the process.

Can you post any proof that there is actually a sole person doing it? A screen shot a link or something? I don't have a bitfenix acc.

[r0ach]

they will conveniently rig it so UK stays in europe.

The ultimate plot twist would be if they already know the financial markets are going to collapse, so they do the opposite and rig a leave vote, then attempt to redirect the blame for the markets collapsing on the citizens doing a leave vote instead of being the bankers fault.

[Torque]

https://www.reddit.com/r/BitcoinMarkets/comments/4pc74a/cant_withdrawal_from_bitfinex/

Bitfinex traders complaining that they can't get their coins exported.  

Q: Gee, let's see...coins locked up on the exchange... hmmm, who could this possibly benefit?

A: Shorts

Unless they are naked short selling.

[Torque]

they will conveniently rig it so UK stays in europe.

The ultimate plot twist would be if they already know the financial markets are going to collapse, so they do the opposite and rig a leave vote, then attempt to redirect the blame for the markets collapsing on the citizens doing a leave vote instead of being the bankers fault.

They won't even need to rig it, because I'm pretty sure that whatever the vote outcome, the UK govt won't let them leave.  Just look at what happened in Greece.

Also, I think that financial markets around the world are levitating right now with ongoing QE money.  The banks of the world will continue to levitate the markets until that strategy no longer works, but with endless QE printing they will try.

[Sugetsu]

Again, this is a very interesting conspiracy theory of yours. Is there any proof to your claims? or is this just mere speculation on your part? Oh wait, this IS an speculation forum... nvm lol

[r0ach]

Again, this is a very interesting conspiracy theory of yours. Is there any proof to your claims? or is this just mere speculation on your part? Oh wait, this IS an speculation forum... nvm lol

I guess your proof is that giant green candle that just happened.  "They" were trying to shake out as many longs as possible by crashing the market as low as it would go.  The part that confuses me is that it seems like he would lose a good amount of money himself by shorting that hard when it was already at the bottom and having to cover that large amount of coins.  That is, unless "they" plan to take this thing straight up into the stratosphere so high that it would be worth it to get rid of longs early.