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prof7bit
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February 10, 2014, 06:08:41 PM |
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I am talking about leveraged longs. BTC-E is a leverage trading platform via Meta Trader. Pretty sure this was a string of forced liquidations.
They should not allow monstrous leveraged positions to be build up that are larger than their own thin order book, this is just insane. |
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fonzie
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February 10, 2014, 06:09:03 PM |
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Can someone please post: "BTC is stable now" "Bears, is that all u got, lame" "If you don´t buy in now you might miss the second ellbow of the S-Curve to 10000(00000)$, which is about to happen any minute. "5xx USD coins never going to happen, you greedy tard"  |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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February 10, 2014, 06:09:43 PM |
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There is a chance for another scenario
BTC-E owners sold their own 8.5k of BTC to drag the price that down, to hit all stop loss of orders with 1:3 leverage on their MT4 platform.
Few months ago, I got my account wiped out with $35k in Metatrader with 1:3 leverage,the interesting thing is that on all exchanges price did not went under $425, but on btc-e it just triggered my margin call at $375 and went up from there. I felt that the price was manipulated just to wipe my account... Here might be the same scenario..
Btc-e is supposedly providing the liquidity for 1:3 leverage, so btc-e are making the huge loss together with you when your positions are closed. I'm hearing btc withdrawals is taking longer than normal to appear on blockchain.. |
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Rampion
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Activity: 1148
Merit: 1018
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February 10, 2014, 06:10:47 PM |
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I am talking about leveraged longs. BTC-E is a leverage trading platform via Meta Trader. Pretty sure this was a string of forced liquidations.
They should not allow monstrous leveraged positions to be build up that are larger than their own thin order book, this is just insane. Exactly. |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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February 10, 2014, 06:13:06 PM |
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I am talking about leveraged longs. BTC-E is a leverage trading platform via Meta Trader. Pretty sure this was a string of forced liquidations.
They should not allow monstrous leveraged positions to be build up that are larger than their own thin order book, this is just insane. Right, Btc-e is taking Huge risk , they are GAMBLING with Customers USD deposits by allowing 1:3 leverage. If those are indeed forced liquidations, btc-e suffered millions in loss. |
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fonzie
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February 10, 2014, 06:14:30 PM |
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cee-euros
Member
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Activity: 88
Merit: 10
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February 10, 2014, 06:16:40 PM |
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I am talking about leveraged longs. BTC-E is a leverage trading platform via Meta Trader. Pretty sure this was a string of forced liquidations.
They should not allow monstrous leveraged positions to be build up that are larger than their own thin order book, this is just insane. Right, Btc-e is taking Huge risk , they are GAMBLING with Customers USD deposits by allowing 1:3 leverage. If those are indeed forced liquidations, btc-e suffered millions in loss. Forced liquidations, whats this mean? like farming |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 10, 2014, 06:17:45 PM |
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I am talking about leveraged longs. BTC-E is a leverage trading platform via Meta Trader. Pretty sure this was a string of forced liquidations.
They should not allow monstrous leveraged positions to be build up that are larger than their own thin order book, this is just insane. Right, Btc-e is taking Huge risk , they are GAMBLING with Customers USD deposits by allowing 1:3 leverage. If those are indeed forced liquidations, btc-e suffered millions in loss. but they get all the funds when somone get liquidated which happens more often then not probably very profitable taking on this risk. |
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fonzie
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February 10, 2014, 06:20:00 PM |
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So much new trust for "Institutional Investors". WOW How is Overstock doing right now btw? lol. SO MANY LOLS AHAHAHHAHAHAHAA really BTC , i love you  |
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fonzie
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February 10, 2014, 06:23:40 PM |
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There was not nearly enough bid depth to sustain those prices. Two exchanges (finex, BTC-E) got wiped out with a single order. Many trustworthy. Let´s say some sociopath basement guy with 300k+BTC can do this again a few more times, just for the lulz if he wants. Keep on hodling Hodlers |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 10, 2014, 06:25:50 PM |
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well all my bids are filled, time to place more  such panic much capitulation very profitable |
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mccoyspace
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February 10, 2014, 06:27:41 PM |
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I am providing some USD loans on finex. I was surprised to see that they were still there after the flash crash. Not liquidated and not closed out because they are so under water. I guess I'm glad the exchange dropped their max leverage to 2.5.
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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February 10, 2014, 06:29:40 PM |
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I am providing some USD loans on finex. I was surprised to see that they were still there after the flash crash. Not liquidated and not closed out because they are so under water. I guess I'm glad the exchange dropped their max leverage to 2.5.
Cause the trades were rolled back, else all lenders would have gone bankrupt.. |
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prof7bit
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February 10, 2014, 06:40:19 PM |
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I am providing some USD loans on finex. I was surprised to see that they were still there after the flash crash. Not liquidated and not closed out because they are so under water. I guess I'm glad the exchange dropped their max leverage to 2.5.
Cause the trades were rolled back, else all lenders would have gone bankrupt.. I had a short closed at 550 (where I had my take-profit limit to close it), my profit is still there. |
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magicmexican
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February 10, 2014, 06:40:59 PM |
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does anyone have the data considering todays volume gox vs btc-e vs stamp?
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F-bernanke
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February 10, 2014, 06:41:14 PM |
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I am providing some USD loans on finex. I was surprised to see that they were still there after the flash crash. Not liquidated and not closed out because they are so under water. I guess I'm glad the exchange dropped their max leverage to 2.5.
Cause the trades were rolled back, else all lenders would have gone bankrupt.. I had a short closed at 550 (where I had my take-profit limit to close it), my profit is still there. I think it halted trading right after that point (when stamp hit 530). |
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prof7bit
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February 10, 2014, 06:48:58 PM |
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I am providing some USD loans on finex. I was surprised to see that they were still there after the flash crash. Not liquidated and not closed out because they are so under water. I guess I'm glad the exchange dropped their max leverage to 2.5.
Cause the trades were rolled back, else all lenders would have gone bankrupt.. I had a short closed at 550 (where I had my take-profit limit to close it), my profit is still there. I think it halted trading right after that point (when stamp hit 530). such precision... wow! * prof7bit slaps himself on the shoulder |
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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February 10, 2014, 06:49:29 PM |
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There was not nearly enough bid depth to sustain those prices. Two exchanges (finex, BTC-E) got wiped out with a single order. Many trustworthy. Let´s say some sociopath basement guy with 300k+BTC can do this again a few more times, just for the lulz if he wants. Keep on hodling Hodlers Not in your wildest fantasy. There is exactly one person in that situation, he is not selling, and never has. |
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EuroTrash
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February 10, 2014, 06:51:32 PM |
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There was not nearly enough bid depth to sustain those prices. Two exchanges (finex, BTC-E) got wiped out with a single order. Many trustworthy. Let´s say some sociopath basement guy with 300k+BTC can do this again a few more times, just for the lulz if he wants. Keep on hodling Hodlers Not in your wildest fantasy. There is exactly one person in that situation, he is not selling, and never has. weeeelll... apart from Satoshi I believe that MP is also in that 300k+ situation |
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magicmexican
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February 10, 2014, 06:52:23 PM |
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Anyone here who has coins locked at mtgox? Whats your current position there - btc/fiat? If by any chance they will "fix" withdrawals - will you stay on gox?
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