Guys please sign this petition to bring our voice to the authorities:
https://www.change.org/p/bill-shihara-unblock-bittrex-user-accountsI have also an account in Bittrex and it's disabled for more than a month without any reason. some of us affected in our life just because of unprofessional Bittrex behavior... Please don't let them to do whatever they like with your money
It's the authorities who are forcing bittrex to make these changes...
Don't fool yourself, which authority would force you to MANIPULATE the market? I am really interested to see WHICH authority would force an exchange to manipulate the order book by canceling the orders?
some thing that many of you are not paying attention to is that, when any exchange HAS the ability to CANCEL the ORDERS, it means that, from day one, the programming staff put the code into the trading engine to give them the ability of manipulating the order list! now, the serious questions :
1- if they have the ability to cancel the orders, who can guaranty that they don't have any other shady abilities regarding the market?
2- during the past months and years, how many of those orders we saw in the order book were fake?
3- how can they reassure us now, that any of those huge buy or sell orders that was manipulating the market was not a fake order from their side?
remember guys, these are serious problems. No sane development team would add such ability to system for manipulating the order book via code or even via SQL commands. WHY? lets see
1- if they let the manipulation via code, any serious programmer may get his hand on the core and using reflection, even the most secure parts of your code is in his hands to use, in other words, a hacker can EASILY use their code against them and erase all the orders from order book and start manipulating it more and more
2- if they do it via SQL, it's even worse, SQL injection attacks are well known. a sane programmer would certainly use encryption to encrypt data before going into data base and decrypt them after getting it out of data base. if they encrypted the data, a sane and safe encryption would work in such a way that simple or even complex SQL commands would not be able to track the date or the price or anything else to erase the order
long story short, their developers
GAVE them the ability to
MANIPULATE the market via their trading engine
FROM DAY ONE !!!!!
