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phoenix1
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April 17, 2015, 12:37:32 PM |
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Collection of the best names so far for our beloved fake/scam exchanges: OkCoin = NOkCoin, 0kCoin (ZerokCoin), OkGox, fOkCoin, OxCoin
Please feel free, to add names for other "higly" trusted exchanges. BootStamp, BitStomp, Bitfixed, BitFinished, BTnotC-e, Hobbly Did I miss any ? |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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ChartBuddy
Legendary
 Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 17, 2015, 12:58:25 PM |
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bad trader
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April 17, 2015, 01:00:22 PM |
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Why is Bitfinex so bearish compared to others?   |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 17, 2015, 01:12:42 PM |
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Why is Bitfinex so bearish compared to others?
That. BTC-E is normally $5-10 under finex. |
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Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
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April 17, 2015, 01:20:21 PM |
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Why is Bitfinex so bearish compared to others?
That. BTC-E is normally $5-10 under finex. Still over 25 million $ in longs. If they would close, they would wipe the bids multiple times. Probability of a long squeeze during a new crash is high. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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April 17, 2015, 01:32:54 PM |
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Why is Bitfinex so bearish compared to others?
That. BTC-E is normally $5-10 under finex. Still over 25 million $ in longs. If they would close, they would wipe the bids multiple times. Probability of a long squeeze during a new crash is high. It's going to get ugly pretty soon, bids are so thin currently |
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ssmc2
Legendary
Offline
Activity: 2002
Merit: 1040
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April 17, 2015, 01:37:53 PM |
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Buckle up gentlemen.
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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April 17, 2015, 01:41:31 PM |
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My play stash is waiting to buy in at 198.
That said it could be a ruse to draw in shorts. 4.5k added today. Longs unchanged at 25M. A quick flash crash into the 1xx's would be painful but isn't out of the question.
I get the feeling it is the same guys moving the price up and down and manipulating the orderbooks.
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 17, 2015, 01:58:23 PM |
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Torque
Legendary
Offline
Activity: 3542
Merit: 5039
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April 17, 2015, 02:03:41 PM |
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My play stash is waiting to buy in at 198.
That said it could be a ruse to draw in shorts. 4.5k added today. Longs unchanged at 25M. A quick flash crash into the 1xx's would be painful but isn't out of the question.
I get the feeling it is the same guys moving the price up and down and manipulating the orderbooks.
Always remember this: At the beginning of Oct 2013, bitcoin was still going sideways with little volume. Then there was a sudden 30% flash crash (130--> 90). Then it immediately rose, and the rally took off soon after that. Hmmm, thinking back, I wonder why someone would want to flash crash the market right before starting a huge rally?  |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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April 17, 2015, 02:03:50 PM |
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My play stash is waiting to buy in at 198.
That said it could be a ruse to draw in shorts. 4.5k added today. Longs unchanged at 25M. A quick flash crash into the 1xx's would be painful but isn't out of the question.
I get the feeling it is the same guys moving the price up and down and manipulating the orderbooks.
Theres probably about 10k in dark orders down to 200 I would imagine. |
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bad trader
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April 17, 2015, 02:14:56 PM |
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What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?
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sleger
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April 17, 2015, 02:16:14 PM |
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What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?
I certainly hope so, otherwise why would they get paid 30% if there was no risk involved ? |
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Norway
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April 17, 2015, 02:19:08 PM |
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Why is Bitfinex so bearish compared to others?
That. BTC-E is normally $5-10 under finex. It's been almost $2 between Huobi and Bitfinex for a couple of days. I have been thinking for a while about starting arbitrage trading. I don't believe in TA (Asstrology) and I can't predict the future. Also, it's easy and cheap to move BTC between exchanges (but not other currencies, could be a disadvantage). I have never traded on an exchange before (I just bought my bitcoins from a guy), yet I watch Bitcoinwisdom and am capable of coding my own user interface with the exchanges APIs. I don't want to make a "bot" (even if I actually could, given time and money), but more like a button I can press when two exchanges are in disharmony (One sell, one buy, same amount of BTC). My question is: Do anybody in this thread have experience with arbitrage trading? Are the margins too small? There it is. Now, time for "FRIDAY NIGHT VODKA PARTY ALONE IN A TWO ROOM FLAT IN THE SUBURBS OF OSLO"!!! Whoohoooooo!  |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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April 17, 2015, 02:22:06 PM |
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Why is Bitfinex so bearish compared to others?
That. BTC-E is normally $5-10 under finex. It's been almost $2 between Huobi and Bitfinex for a couple of days. I have been thinking for a while about starting arbitrage trading. I don't believe in TA (Asstrology) and I can't predict the future. Also, it's easy and cheap to move BTC between exchanges (but not other currencies, could be a disadvantage). I have never traded on an exchange before (I just bought my bitcoins from a guy), yet I watch Bitcoinwisdom and am capable of coding my own user interface with the exchanges APIs. I don't want to make a "bot" (even if I actually could, given time and money), but more like a button I can press when two exchanges are in disharmony (One sell, one buy, same amount of BTC). My question is: Do anybody in this thread have experience with arbitrage trading? Are the margins too small? There it is. Now, time for "FRIDAY NIGHT VODKA PARTY ALONE IN A TWO ROOM FLAT IN THE SUBURBS OF OSLO"!!! Whoohoooooo! most likely the margin only cover trading fee, not mention the witdrawal fee if you insist to withdraw the coin too |
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esse83
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April 17, 2015, 02:38:24 PM |
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Bitfinex pretty much fucked up by trying to perform "controlled" margin calls, it worked in the past. This time the bid side is anemic and they are not quite sure what to do. It's a disaster waiting to happen. Expect finex to be out of business soonish.
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 17, 2015, 02:39:54 PM |
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Why is Bitfinex so bearish compared to others?
That. BTC-E is normally $5-10 under finex. It's been almost $2 between Huobi and Bitfinex for a couple of days. I have been thinking for a while about starting arbitrage trading. I don't believe in TA (Asstrology) and I can't predict the future. Also, it's easy and cheap to move BTC between exchanges (but not other currencies, could be a disadvantage). I have never traded on an exchange before (I just bought my bitcoins from a guy), yet I watch Bitcoinwisdom and am capable of coding my own user interface with the exchanges APIs. I don't want to make a "bot" (even if I actually could, given time and money), but more like a button I can press when two exchanges are in disharmony (One sell, one buy, same amount of BTC). My question is: Do anybody in this thread have experience with arbitrage trading? Are the margins too small? There it is. Now, time for "FRIDAY NIGHT VODKA PARTY ALONE IN A TWO ROOM FLAT IN THE SUBURBS OF OSLO"!!! Whoohoooooo! Just to add to the question. Would it make sense to use litecoin to transfer money from one exchange to another without using fiat? |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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April 17, 2015, 02:42:43 PM |
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What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?
Thats an excellent question. I can't see anything on the website talking about this, but if orders cannot be filled while being liquidated I would assume the lender would be at a loss then, unless there is an insurance fund available to cover this or bitfinex would cover the difference? Okcoin has a pretty good engine when it comes to liquidation, they also have an insurance fund. The shitty thing is on Okcoin they will prioritize high risk positions and prematurely liquidate them earlier than they should. I was force liquidated a month ago $1 early. |
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bad trader
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April 17, 2015, 02:45:17 PM |
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What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?
I certainly hope so, otherwise why would they get paid 30% if there was no risk involved ? It would be assuring for everyone with any money on Bitfinex to know what their policy is in this situation. They could haircut everyone, including exchange accounts, or go gox for all I know. |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 17, 2015, 02:47:09 PM |
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What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?
Thats an excellent question. I can't see anything on the website talking about this, but if orders cannot be filled while being liquidated I would assume the lender would be at a loss then, unless there is an insurance fund available to cover this or bitfinex would cover the difference? Okcoin has a pretty good engine when it comes to liquidation, they also have an insurance fund. The shitty thing is on Okcoin they will prioritize high risk positions and prematurely liquidate them earlier than they should. I was force liquidated a month ago $1 early. Sorry about the loss, but thank lord you can be wrong. I've been biting nails all morning. |
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