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Author Topic: And we have another Bitfinex Hookey THIEVING Short Squeeze!  (Read 10442 times)
Brassguy
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June 22, 2014, 07:59:25 AM
 #21

I've been following Mat's post for a while now... and yes Mat can be a bit over the top and excitable, but I really appreciate his diligence in watching bitfinex. It's not only possible but entirely likely that bitfinex is doing what Mat believes they are doing. There is no reason for bitfinex not to do what they are doing... no one, until Mat, is looking over their shoulder. More importantly, there is almost zero downside risk for bitfinex to engage in these practices.

15xNxXy2PfFv3rz8rnfkV6L7WQiwuYax2K
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urwhatuknow
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June 22, 2014, 09:34:47 AM
 #22

How much stupidity can a man take?

MatTheCat has been all over the place accusing Bitfinex of painting the tape, rigging the market, scamming customers, you name it.....

Mat, I believe the time to put your wallet where your mouth is has come.

I challenge you in a 10:1 bet.

If you can point out any transaction where there are no real parties involved ( that is Bitfinex is one or both of those 2 ) you will get 100 Bitcoins as a reward from me.
But if you are proven wrong in your assumption you will have to pay 10 BTC ( 5 BTC each) to the happy real parties of the above mentioned transaction ( that is I will not earn anything but will prove you are a retarded troll full of shit).  

I'm ready to put the 100 BTC into an escrow service that will regulate the bet and decide who the winner is any time.
Are you ready to do the same and put your 10 BTC (I suppose you own them, but I might be wrong in my assumption as retards like you tend to lose all their coins in losing bets) ?

Let me guess.... another avalanche of insults, false allegations and blah blah blah will follow.....

But at the end of the day: money talks bullshit walks.

Time has come to prove you are a man and not just a kid that blames his losing trades on bad luck or dishonest people.

Have a good day

Giancarlo
Bitfinex Team

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KLD
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June 22, 2014, 09:51:40 AM
 #23

How much stupidity can a man take?

MatTheCat has been all over the place accusing Bitfinex of painting the tape, rigging the market, scamming customers, you name it.....

Mat, I believe the time to put your wallet where your mouth is has come.

I challenge you in a 10:1 bet.

If you can point out any transaction where there are no real parties involved ( that is Bitfinex is one or both of those 2 ) you will get 100 Bitcoins as a reward from me.
But if you are proven wrong in your assumption you will have to pay 10 BTC ( 5 BTC each) to the happy real parties of the above mentioned transaction ( that is I will not earn anything but will prove you are a retarded troll full of shit).  

I'm ready to put the 100 BTC into an escrow service that will regulate the bet and decide who the winner is any time.
Are you ready to do the same and put your 10 BTC (I suppose you own them, but I might be wrong in my assumption as retards like you tend to lose all their coins in losing bets) ?

Let me guess.... another avalanche of insults, false allegations and blah blah blah will follow.....

But at the end of the day: money talks bullshit walks.

Time has come to prove you are a man and not just a kid that blames his losing trades on bad luck or dishonest people.

Have a good day

Giancarlo
Bitfinex Team

How about instead of a bet, you address the issue he posted or challenge what he has said and prove it to be wrong with some information/data
rudius
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June 22, 2014, 09:56:29 AM
 #24

Short trade = $597
Stop Loss = $601

Actual price of stop loss order = $608....and that is on 6 fucking BTC (I wouldn't have much more funds on BFX than that)!

FUCK YOU BITFINEX YOU FILTHY FRONT RUNNING FAKE VOLUME THIEVING FUCKING FRENCH CUNTS! WHERE WAS THE 50 BTC ORDER THAT WAS RIGHT BEHIND MY FUCKING STOP LOSS YOU FUCKING ROBBING RAT BASTARDS!"
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grow up! bitfinex is not for kids and day trading bitcoin either.
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June 22, 2014, 10:01:20 AM
 #25

Short trade = $597
Stop Loss = $601

Actual price of stop loss order = $608....and that is on 6 fucking BTC (I wouldn't have much more funds on BFX than that)!

FUCK YOU BITFINEX YOU FILTHY FRONT RUNNING FAKE VOLUME THIEVING FUCKING FRENCH CUNTS! WHERE WAS THE 50 BTC ORDER THAT WAS RIGHT BEHIND MY FUCKING STOP LOSS YOU FUCKING ROBBING RAT BASTARDS!"
*A


grow up! bitfinex is not for kids and day trading bitcoin either.

Indeed , I heard rumors he is an autistic 17 year old kid trying to short with 1 btc total.
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June 22, 2014, 10:04:17 AM
 #26

I think Mat should really stop with his constant attacks on Bitfinex all over this forum. I can understand people to not trust exchanges, especially after MtGox, but constantly badmouthing them without any real proof is just very bad form and technically against the law as well. Just don't do business with them, or come with some definite proof and not with some vague story about how your stop loss was executed too high and they stole your money.

Bitcoin = Gold on steroids
omehenk
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June 22, 2014, 10:18:45 AM
 #27

Good one   Wink  
Giancarlo
Bitfinex Team

Atm, mat is the  biggest forum troll  , what a loser he is.

Damn LOST again, its the whale's...., its......



ElectricMucus  
@ I don't get it, are you suffering from some variation of Stockholms Syndrome or why do you still use bitfinex?


Made me Rofl.....DD


H

MatTheCat
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June 22, 2014, 10:36:45 AM
 #28

LOL Bitfinex isn't running a scam to con you out of your 6btc.

Nope. My stop loss would be one of many.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
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June 22, 2014, 10:55:37 AM
 #29

BFX is a love hate thing..... but dont see why MTC would be short when DanV is in fact agressively long today.

supply liquidity to BFX and you will be rewarded, take liquidity from BFX and it will punish you.

MatTheCat
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June 22, 2014, 10:57:53 AM
 #30

How much stupidity can a man take?

MatTheCat has been all over the place accusing Bitfinex of painting the tape, rigging the market, scamming customers, you name it.....

Mat, I believe the time to put your wallet where your mouth is has come.

I challenge you in a 10:1 bet.

If you can point out any transaction where there are no real parties involved ( that is Bitfinex is one or both of those 2 ) you will get 100 Bitcoins as a reward from me.
But if you are proven wrong in your assumption you will have to pay 10 BTC ( 5 BTC each) to the happy real parties of the above mentioned transaction ( that is I will not earn anything but will prove you are a retarded troll full of shit).  

I'm ready to put the 100 BTC into an escrow service that will regulate the bet and decide who the winner is any time.
Are you ready to do the same and put your 10 BTC (I suppose you own them, but I might be wrong in my assumption as retards like you tend to lose all their coins in losing bets) ?

Let me guess.... another avalanche of insults, false allegations and blah blah blah will follow.....

But at the end of the day: money talks bullshit walks.

Time has come to prove you are a man and not just a kid that blames his losing trades on bad luck or dishonest people.

Have a good day

Giancarlo
Bitfinex Team

Ah, the head rat himself.

Instead of talking about these phantom flash trades that appear out of knowhere and buff your exchanges volume without altering Ask/Bid walls, let us talk about last night.

Here is the Bitfinex trades as reported on Bitcoinwisdom:

02:00:58 602.29      0.1
02:00:56 600.3        1.00626
02:00:55 608.13      319.168
02:00:24 600          255.374
02:00:17 599.91      0.01

Now to start us off, perhaps you can explain where all the Asks orders were between $600 and $608. I would like to know as I had a stop loss sitting just above a large ask wall at $599.91 which was about 250 strong. There were plenty other single and double digit Ask orders above me, including a 100 BTC at $605. So why is it that the very next trade on Bitfinex was for 319 Bitcoins  @ 608.13? Where did all the Ask orders go. Perhaps their is a bug with Bitcoinwisdom reporting data from Bitfinex. If that were the case, why was my stop loss order which I had placed at $600.11, not triggered until $608.13? My trade was only for 6 BTC, hardly orderbook devouring. Why one minute was there several hundred BTC worth of orders between 600 and 608 USD on Bitfinex, and then the next minute one large order for 319.168 BTC executed at $608?

WHERE DID ALL THE FUCKING OTHER ASK ORDERS GO GIANCARLO U FUCKING THIEVING FRENCH PRICK? DID YOUR BOT CALCULATE HOW MANY STOP ORDERS WERE IN LINE FOR TRIGGERING, THEN DO A SPOT OF FRONT RUNNING WALL BUYING ONLY TO SELL THE COINS BACK TO THE STOP LOSSES AT THE HIGHEST POSSIBLE PRICE BEFORE THE REAL ASK WALL ORDERS RECOMMENCED?

Go on, explain what happened in that predictable 'Fuck You' short squeeze fake out rally which resulted in a $615 high on Bitfinex, thanks to another large 250 BTC trade that took price from 608 straight to 615, before the price was smacked right back down to 607 again. That whole rally on Bitfinex was based on squeezing short traders stop loss orders. No doubt the same thing applied on Huobi. This is why your exchange is full of erratic price dips and spikes. You lads just can't stop yourselves from front running and farming stop loss orders even when it makes your exchange appear visibly dodgy as fuck to any onlooker with an iota of common sense.

The only 'bet' I would get involved in with you would be a man 2 man square go where I would get the opportunity to punch your fucking cunt in.

Your exchange will be involved in the next of the already too numerous grand Bitcoin daylight heists. Of that I am certain.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
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June 22, 2014, 11:20:15 AM
 #31

BFX is a love hate thing..... but dont see why MTC would be short when DanV is in fact agressively long today.

supply liquidity to BFX and you will be rewarded, take liquidity from BFX and it will punish you.

My target was in the first instance $570. It was just a small trade based on which way the short term indicators were pointing. Had I stuck to my guns, I would have been in my short at $610 which would have allowed me max profits of $30 per BTC. I would have settled for that sort of margin.

and DanV aint so fantastic. He is squeezing everything in to fit his rigid formula. There is also a very strong chance that Bitcoin will correct much further from here, breaking that long term support trendline since Jan 2013. I am not saying that Bitcoin will definitely do this, I am saying that there is a good chance that it might based on the sort of indicators that I am looking at and last night's rally based largely on the crook exchanges triggering stop losses (how many times have we seen these 'break out' rallies from Huobi and BFX?) doesn't do anything to fill me with confidence.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
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June 22, 2014, 11:27:36 AM
 #32

so, Mat, basically you are promoting Bitfinex and your bad trading skills?
MatTheCat
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June 22, 2014, 11:35:48 AM
 #33

so, Mat, basically you are promoting Bitfinex and your bad trading skills?

That was a trade where I had planned for taking a max potential $24 loss + fees. Thanks to the unique way in which Bitfinex 'manage' Stop loss orders, my loss ended up being more like $72 plus exchange fees.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
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June 22, 2014, 11:50:23 AM
 #34

Granted the insults and name calling isn't he right way to go about it, But an order closing past a stoploss, wtf?

If the price reaches the stop price, the platform does a marketbuy. What else do you expect?
MatTheCat
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June 22, 2014, 12:00:23 PM
 #35

Granted the insults and name calling isn't he right way to go about it, But an order closing past a stoploss, wtf?

If the price reaches the stop price, the platform does a marketbuy. What else do you expect?

So where did all the Ask orders go between $600 and $608?

Does it sound plausible to you that there were indeed several hundred BTC worth of Ask orders in between $600 and $608?

If so, why was the market order triggered in it's 319 BTC entirety at $608, when the previous order executed at $600? Does that not seem a bit strange to you?


02:00:58 602.29      0.1
02:00:56 600.3        1.00626
02:00:55 608.13      319.168
02:00:24 600          255.374
02:00:17 599.91      0.01

Edit: Looking forward to hearing Giancarlo's explanation for the above occurrence, which is something that is happening on BFX all the time. Lucrative work if you can get it!

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
F-bernanke
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June 22, 2014, 12:03:20 PM
 #36

Granted the insults and name calling isn't he right way to go about it, But an order closing past a stoploss, wtf?

If the price reaches the stop price, the platform does a marketbuy. What else do you expect?

So where did all the Ask orders go between $600 and $608?

Does it sound plausible to you that there were indeed several hundred BTC worth of Ask orders in between $600 and $608?

If so, why was the market order triggered in it's 319 BTC entirety at $608? Does that not seem a bit strange to you?

Your right, that sounds a bit strange, almost like someone else had a bigger (en earlier) stoploss at exactly your price.

Edit: btw, i don't see your 6btc stoploss in the log you posted? maybe bfx groups them?
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June 22, 2014, 12:04:51 PM
 #37

Granted the insults and name calling isn't he right way to go about it, But an order closing past a stoploss, wtf?

If the price reaches the stop price, the platform does a marketbuy. What else do you expect?

So where did all the Ask orders go between $600 and $608?

Does it sound plausible to you that there were indeed several hundred BTC worth of Ask orders in between $600 and $608?

If so, why was the market order triggered in it's 319 BTC entirety at $608, when the previous order executed at $600? Does that not seem a bit strange to you?


02:00:58 602.29      0.1
02:00:56 600.3        1.00626
02:00:55 608.13      319.168
02:00:24 600          255.374
02:00:17 599.91      0.01

What if there were many stop losses that were triggered right before yours was triggered? I can imagine quite a few stop losses were sitting right above $600, not just yours.

Bitcoin = Gold on steroids
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June 22, 2014, 12:16:04 PM
 #38

What if there were many stop losses that were triggered right before yours was triggered? I can imagine quite a few stop losses were sitting right above $600, not just yours.

I know that there would have been a lot of stop losses from traders taking small short trades following exactly the same text-book rules as I was, but before I start ranting about exchange insiders intentionally going after these stops, I shall state this:

If there that many stop losses that mine simply got bumped to the very back of the queue. Why wasn't anyone 'served' before me? Why does the ticker for Bitfinex report this:

02:00:58 602.29      0.1
02:00:56 600.3        1.00626
02:00:55 608.13      319.168
02:00:24 600          255.374
02:00:17 599.91      0.01

Why wasn't there any trades executed at 601, 602, 603 etc, where there were plenty Ask orders in wall along this small range? Amongst the double and single digit Ask orders that stood in the way of $600 and $608, was a 100 BTC order at $604.99. Why wasn't that triggered at the price which the trader who made the order set it at? I bet that insofar as it was a real order, that the trader only got paid his $604.99 minus fees. I wish had taken a screenshot of the Bitfinex order book just a second before the short squeeze happened to illustrate and emphasise the situation to those who skim read and come to conclusions like: "well, of course stop losses will be closed with market orders"

If Bitfinex's policy with gluts of stop loss orders is to simply sweep up all the coins in the Ask wall required to fill the stops in a certain range, and then sell those coins to Stop Orders at highest possible price before Ask Wall depth recommences, then i am afraid that this is a form of front running and insider trading.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
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June 22, 2014, 12:19:15 PM
 #39

What if there were many stop losses that were triggered right before yours was triggered? I can imagine quite a few stop losses were sitting right above $600, not just yours.

I know that there would have been a lot of stop losses from traders taking small short trades following exactly the same text-book rules as I was, but before I start ranting about exchange insiders intentionally going after these stops, I shall state this:

If there that many stop losses that mine simply got bumped to the very back of the queue. Why wasn't anyone 'served' before me? Why does the ticker for Bitfinex report this:

02:00:58 602.29      0.1
02:00:56 600.3        1.00626
02:00:55 608.13      319.168
02:00:24 600          255.374
02:00:17 599.91      0.01

Why wasn't there any trades executed at 601, 602, 603 etc, where there were plenty Ask orders in wall along this small range? Amongst the double and single digit Ask orders that stood in the way of $600 and $608, was a 100 BTC order at $604.99. Why wasn't that triggered at the price which the trader who made the order set it at? I bet that insofar as it was a real order, that the trader only got paid his $604.99 minus fees. I wish had taken a screenshot of the Bitfinex order book just a second before the short squeeze happened to illustrate and emphasise the situation to those who skim read and come to conclusions like: "well, of course stop losses will be closed with market orders"

If Bitfinex's policy with gluts of stop loss orders is to simply sweep up all the coins in the Ask wall required to fill the stops in a certain range, and then sell those coins to Stop Orders at highest possible price before Ask Wall depth recommences, then i am afraid that this is a form of front running and insider trading.

I hope the price doesn't do what it has the last 5 years in a row and go up 10x later this year. Because you are going to be kicking yourself Mat.

Why are you playing with leverage?! Einstein's definition of insanity comes to mind.
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June 22, 2014, 12:22:14 PM
 #40

What if there were many stop losses that were triggered right before yours was triggered? I can imagine quite a few stop losses were sitting right above $600, not just yours.

I know that there would have been a lot of stop losses from traders taking small short trades following exactly the same text-book rules as I was, but before I start ranting about exchange insiders intentionally going after these stops, I shall state this:

If there that many stop losses that mine simply got bumped to the very back of the queue. Why wasn't anyone 'served' before me? Why does the ticker for Bitfinex report this:

02:00:58 602.29      0.1
02:00:56 600.3        1.00626
02:00:55 608.13      319.168
02:00:24 600          255.374
02:00:17 599.91      0.01

Why wasn't there any trades executed at 601, 602, 603 etc, where there were plenty Ask orders in wall along this small range? Amongst the double and single digit Ask orders that stood in the way of $600 and $608, was a 100 BTC order at $604.99. Why wasn't that triggered at the price which the trader who made the order set it at? I bet that insofar as it was a real order, that the trader only got paid his $604.99 minus fees. I wish had taken a screenshot of the Bitfinex order book just a second before the short squeeze happened to illustrate and emphasise the situation to those who skim read and come to conclusions like: "well, of course stop losses will be closed with market orders"

If Bitfinex's policy with gluts of stop loss orders is to simply sweep up all the coins in the Ask wall required to fill the stops in a certain range, and then sell those coins to Stop Orders at highest possible price before Ask Wall depth recommences, then i am afraid that this is a form of front running and insider trading.

Read back my latest reply.

I have a feeling that BFX may be grouping the stoploss orders for the ticker (I think i have seen this for margin calls aswel). So i think someone had there stoplosses filled in the 602-607 range. but it is simply not displayed in the ticker.
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