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Author Topic: And we have another Bitfinex Hookey THIEVING Short Squeeze!  (Read 14414 times)
urwhatuknow
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June 22, 2014, 12:27:18 PM
 #41

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.

Place your bet on the table and I'll explain anything you want.
Then I will take your 10 BTC and give them to people that will cheer up to your stupidity.
You are a kid that doesn't even know what he's talking about.
If you don't like Bitfinex why do you keep trading on it, you retarded prick?
As we had nothing better to do than stealing candies from retarded kids like you, you don't even have 3 btc (2.5 to be exact) in your pocket.

Grow up and learn to take the blame of your own stupidity instead of insulting others.

Just get a life.


Giancarlo
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June 22, 2014, 12:32:29 PM
 #42

Giancarlo
Bitfinex Team

So essentially all you are saying is: Hurr, durr you can't prove it.

Sure that makes it ok, right?
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June 22, 2014, 12:33:04 PM
 #43

Just get a life.

That's asking a lot from MatTheTwat.
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June 22, 2014, 12:41:32 PM
 #44


As we had nothing better to do than stealing candies from retarded kids like you, you don't even have 3 btc (2.5 to be exact) in your pocket.

Grow up and learn to take the blame of your own stupidity instead of insulting others.

Just get a life.


Giancarlo
Bitfinex Team
you disclose a customers balance?
really?

transfer 3 onemorebtc.k1024.de 1
MatTheCat
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June 22, 2014, 12:43:40 PM
 #45

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.

So it was just my bad luck that my stop loss set at a smidgeon above $600 was sent to the very back of the queue and triggered at the very same price as the 319 BTC order registered at?

Really?



As we had nothing better to do than stealing candies from retarded kids like you, you don't even have 3 btc (2.5 to be exact) in your pocket.

Grow up and learn to take the blame of your own stupidity instead of insulting others.

Just get a life.

Giancarlo
Bitfinex Team


That is correct. I only have 2.65 on your exchange. I have managed to lose 0.35 BTC of the 3 BTC that I transferred over to your exchange on 17th June. By the way, I have been waiting for 2 hours on my BTC. I understand that you are probably operating a fractional reserve BTC exchange and you have to be careful to monitor in/out BTC traffic, but it is only 2.65 fucking BTC! Give me my phucking 2.65 BTC back you fucking crook.








And a whole pile of little candies stolen from little kiddies soon adds up to a sugar mountain.

You are pulling this shit on an everyday basis.

You haven't explained anything because the explanation is that your exchange front runs the Ask wall buying up all the coins required to meet stop loss orders, and then sells those coins to stop loss orders at highest possible price before Ask wall orders recommence. That is front running and a form of insider trading. You try to brush this off as 'we have better things to do than steal candies from little kids', but this routine stop loss farming practice of yours will amount to hundreds of thousands of dollars over the course of a year, especially when combined with probable insider trader knowledge of knowing exactly how wildly deep or high spot price on your exchange is going to over/undershoot Bitstamp thanks to stops being triggered/farmed.

You have no reasonable explanation for your exchanges activity that fits what I have witnessed. You are a thief.

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.
urwhatuknow
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June 22, 2014, 12:46:49 PM
 #46

Giancarlo
Bitfinex Team

So essentially all you are saying is: Hurr, durr you can't prove it.

Sure that makes it ok, right?

What I'm just saying is that I'll be glad to prove him wrong, but I want him to pay for his completely idiotic allegations.
What you are doing here is confusing absence of evidence with evidence of absence.
I can prove the fairness of every single transaction on Bitfinex, but I just need to reward the 2 parties that will then come and witness the fact that the trade wasn't a fake trade.
Nobody does anything for nothing and MatTheTwat has to learn his lesson.
He has a concrete chance of making 100 BTC.
If he's right ( and he's not).

Spitting hot air out of your mouth is easy, a little bit more difficult is to place your bet and lose your coins in case you are proven wrong.

Don't you agree with me?

Giancarlo


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June 22, 2014, 12:58:08 PM
 #47

LOL, I didn't know exchange owners browse this mainly trollish speculation forum.   Cheesy

Giancarlo,

Can you get a willy bot like Karpeles already and take us to 10,000?  Grin



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      .DAICO.      May 16 2018

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urwhatuknow
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June 22, 2014, 01:02:31 PM
 #48

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.

So it was just my bad luck that my stop loss set at a smidgeon above $600 was sent to the very back of the queue and triggered at the very same price as the 319 BTC order registered at?

Really?



As we had nothing better to do than stealing candies from retarded kids like you, you don't even have 3 btc (2.5 to be exact) in your pocket.

Grow up and learn to take the blame of your own stupidity instead of insulting others.

Just get a life.

Giancarlo
Bitfinex Team


That is correct. I only have 2.65 on your exchange. I have managed to lose 0.35 BTC of the 3 BTC that I transferred over to your exchange on 17th June. By the way, I have been waiting for 2 hours on my BTC. I understand that you are probably operating a fractional reserve BTC exchange and you have to be careful to monitor in/out BTC traffic, but it is only 2.65 fucking BTC! Give me my phucking 2.65 BTC back you fucking crook.








And a whole pile of little candies stolen from little kiddies soon adds up to a sugar mountain.

You are pulling this shit on an everyday basis.

You haven't explained anything because the explanation is that your exchange front runs the Ask wall buying up all the coins required to meet stop loss orders, and then sells those coins to stop loss orders at highest possible price before Ask wall orders recommence. That is front running and a form of insider trading. You try to brush this off as 'we have better things to do than steal candies from little kids', but this routine stop loss farming practice of yours will amount to hundreds of thousands of dollars over the course of a year.

You have no reasonable explanation for your exchanges activity that fits what I have witnessed. You are a thief.

Your bitcoins are on the way.
I have a reasonable explanation and offer you the possibility of making 100 btc in case I will be proven wrong.
But in case you are just a douchebag full of hot air I want you to pay 10 btc, so that your ass will burn for while ( unfortunately I have no time to come and beat the shit out of your retarded brains ).

From now on please stay away, you've got plenty of trading platforms to choose from, so don't waste our time anymore with your stupid childish theories.

See you next life.

Giancarlo
Bitfinex Team

urwhatuknow
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June 22, 2014, 01:03:23 PM
 #49

LOL, I didn't know exchange owners browse this mainly trollish speculation forum.   Cheesy

Giancarlo,

Can you get a willy bot like Karpeles already and take us to 10,000?  Grin

Currently working on it....
:-P

Giancarlo
Bitfinex Team

Dalmar
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June 22, 2014, 01:04:08 PM
 #50

LOL, I didn't know exchange owners browse this mainly trollish speculation forum.   Cheesy

Giancarlo,

Can you get a willy bot like Karpeles already and take us to 10,000?  Grin

Currently working on it....
:-P

Giancarlo
Bitfinex Team

Awesome.  Grin



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MatTheCat
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June 22, 2014, 01:08:52 PM
 #51

LOL, I didn't know exchange owners browse this mainly trollish speculation forum.   Cheesy

Giancarlo,

Can you get a willy bot like Karpeles already and take us to 10,000?  Grin

Currently working on it....
:-P

Giancarlo
Bitfinex Team

Awesome.  Grin

Seriously. Stop licking this cunts ringpiece. U are making me sick.


Your bitcoins are on the way.
I have a reasonable explanation and offer you the possibility of making 100 btc in case I will be proven wrong.
But in case you are just a douchebag full of hot air I want you to pay 10 btc, so that your ass will burn for while ( unfortunately I have to time to come and beat the shit out of your retarded brains ).

From now on please stay away, you've got plenty of trading platforms to choose from, so don't waste our time anymore with your stupid childish theories.

See you next life.

Giancarlo
Bitfinex Team

I would suggest that you have already shamed yourself by revealing a customers balance.

I would suggest that I am not alone in my deep mistrust of Bitfinex as a trading platform.

I would suggest that you really need to provide a good explanation of why my stop loss which was set at just above $600, wasn't executed until $608 as part of that large 319 BTC order. Was it just my bad luck that my paltry 6 BTC stop loss order went right to the very back of the queue as a raft of stop loss orders triggered at the obvious stop loss trigger point, taking out the raft of Ask orders that stood in between $600 - $608? Whilst you are at it, have you any good theories on why that little short-lived break out rally seemed to consist largely of stop loss orders? Word on da street is that it was a stop farming rally and those of us with more suspicious minds might think that those in the best position to trigger a stop loss farming rally would be those who know where the stop losses are set.

You are one dodgy mother fucker Giancarlo, and everyone knows it. You will take your place in the Bitcoin hall of fame alongside Karpeles and co soon enough. Of that I am sure.

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, 01:16:47 PM
 #52

Giancarlo
Bitfinex Team

So essentially all you are saying is: Hurr, durr you can't prove it.

Sure that makes it ok, right?

What I'm just saying is that I'll be glad to prove him wrong, but I want him to pay for his completely idiotic allegations.
What you are doing here is confusing absence of evidence with evidence of absence.
I can prove the fairness of every single transaction on Bitfinex, but I just need to reward the 2 parties that will then come and witness the fact that the trade wasn't a fake trade.
Nobody does anything for nothing and MatTheTwat has to learn his lesson.
He has a concrete chance of making 100 BTC.
If he's right ( and he's not).

Spitting hot air out of your mouth is easy, a little bit more difficult is to place your bet and lose your coins in case you are proven wrong.

Don't you agree with me?

Giancarlo


Actually, I respectfully disagree.  Unfortunately in the current state of the Bitcoin world, and in light of the Mt. Gox implosion and other numerous incidents where exchanges either went under due to incompetence or their operators closed up and ran off with the coins, the onus of responsibility of proving an exchange "being on the level" resides with the exchange operators.  It's called transparency, and it is required to earn the public's trust.

You guys had no problem with having an independent audit done back in April to prove your solvency.  You didn't first demand a bet to be made with someone before proving it.  I don't see how this situation is any different.  And why do you "need to reward the 2 parties that will then come and witness the fact that the trade wasn't a fake trade"?
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June 22, 2014, 01:22:28 PM
 #53

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.

You should first find reliable source for your data. In a matter of 20 seconds there were around 80 sale orders executed from $600 to $608 for all prices, not just $600 and $608 like you posted. Totaly wrong. Why your stop loss was executed at $608 and not $602? There was large market order above your price and when it was finished and all other stop loss orders before you executed, it was your turn to eat the asks at $608.
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June 22, 2014, 01:24:20 PM
 #54

The only lesson gambling could ever teach you is to not gamble.

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June 22, 2014, 01:27:32 PM
 #55


You guys had no problem with having an independent audit done back in April to prove your solvency.  You didn't first demand a bet to be made with someone before proving it.  I don't see how this situation is any different.  And why do you "need to reward the 2 parties that will then come and witness the fact that the trade wasn't a fake trade"?

For the record, for the majority who have skim read through this thread. I do believe that Bitfinex buff their volume with fake trades, but that is not my beef here. The whole 'Fake Trade' 10 BTC 10/1 ratio challenge was Giancarlo trying to obscure the issue. This is something that a liar does when his nefarious activities have been revealed. He instantly tries to deflect the nature of the accusation into a form which he can disprove.

But I am not saying that there were any fake orders on that short squeeze break out. I am saying that the exchange bot front ran the Ask wall buying up all the BTC required by a big pile of Stop Loss orders, and then sold those coins to the Stop Orders at the highest possible price that is beneath the next valid Ask order. And if the process is much more refined than that, then I am saying that Bitfinex front run in the farming of stop loss orders on their own exchanges.

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, 01:28:54 PM
 #56

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.

Place your bet on the table and I'll explain anything you want.
Then I will take your 10 BTC and give them to people that will cheer up to your stupidity.
You are a kid that doesn't even know what he's talking about.
If you don't like Bitfinex why do you keep trading on it, you retarded prick?
As we had nothing better to do than stealing candies from retarded kids like you, you don't even have 3 btc (2.5 to be exact) in your pocket.

Grow up and learn to take the blame of your own stupidity instead of insulting others.

Just get a life.


Giancarlo
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Doesn't matter if you are right.  Saying things like this makes you and your business look bad.

Gamble at Bitcasino.io! Live Casino Action.
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June 22, 2014, 01:32:50 PM
 #57

You should first find reliable source for your data. In a matter of 20 seconds there were around 80 sale orders executed from $600 to $608 for all prices, not just $600 and $608 like you posted. Totaly wrong. Why your stop loss was executed at $608 and not $602? There was large market order above your price and when it was finished and all other stop loss orders before you executed, it was your turn to eat the asks at $608.

Perhaps bitcoinwisdom isn't the most reliable ticker for accuracy of information. But my accusation stands. Bitfinex front run and commit insider trading. No doubt the process is much more convoluted and better concealed than my eyes can detect. After all, these guys have bots with access to all the key information on trader's intentions. But I know when I have been had. I knew it before but like a fool went back for more, albeit with just an experimental amount of BTC.

Look back at the whole debacle surrounding MtGox and how often Karpeles had apparently proven that all was well, that Gox was solvent, that the banks really had placed restrictions on Gox but all the money was there, etc.....nothing but bamboozlement. Bullshit baffling brains.

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, 01:33:05 PM
 #58

Giancarlo
Bitfinex Team

So essentially all you are saying is: Hurr, durr you can't prove it.

Sure that makes it ok, right?

What I'm just saying is that I'll be glad to prove him wrong, but I want him to pay for his completely idiotic allegations.
What you are doing here is confusing absence of evidence with evidence of absence.
I can prove the fairness of every single transaction on Bitfinex, but I just need to reward the 2 parties that will then come and witness the fact that the trade wasn't a fake trade.
Nobody does anything for nothing and MatTheTwat has to learn his lesson.
He has a concrete chance of making 100 BTC.
If he's right ( and he's not).

Spitting hot air out of your mouth is easy, a little bit more difficult is to place your bet and lose your coins in case you are proven wrong.

Don't you agree with me?

Giancarlo


Actually, I respectfully disagree.  Unfortunately in the current state of the Bitcoin world, and in light of the Mt. Gox implosion and other numerous incidents where exchanges either went under due to incompetence or their operators closed up and ran off with the coins, the onus of responsibility of proving an exchange "being on the level" resides with the exchange operators.  It's called transparency, and it is required to earn the public's trust.

You guys had no problem with having an independent audit done back in April to prove your solvency.  You didn't first demand a bet to be made with someone before proving it.  I don't see how this situation is any different.  And why do you "need to reward the 2 parties that will then come and witness the fact that the trade wasn't a fake trade"?

Transparency doesn't mean to spend time in justifying ourselves against allegations that don't make sense.
MatTheTwat is blaming Bitfinex because his stop order wasn't executed at the price he selected.
Now even a 5 years old retard knows that a stop loss order is executed at the best price available in that given time.
It is not our fault if other ask orders were pulled when the price started to go up.
This is normal as several bots are programmed in such a way, i.e. withdraw orders when the price spikes up.
To blame this on the platform, accusing people to deliberately steal 30 usd is not only a symptom of douchebagness, but also of the fact that his IQ is smaller than his shoe size.
I can trace the guys that had the ask orders placed and pulled them off when the price started to raise.
They can come on this thread and witness that nothing is wrong with this particular case.
But as I said nobody does nothing for free and I want the Twat to be exposed to his own stupidity.
He has a good opportunity to make a lot of coins if he's right ( he's not).
But kids like him never make facts follow their words, they are just a whisper in the wind.

Have a good day everybody, I'm off for a run

Giancarlo
Bitfinex Team  

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June 22, 2014, 01:39:48 PM
 #59

You should first find reliable source for your data. In a matter of 20 seconds there were around 80 sale orders executed from $600 to $608 for all prices, not just $600 and $608 like you posted. Totaly wrong. Why your stop loss was executed at $608 and not $602? There was large market order above your price and when it was finished and all other stop loss orders before you executed, it was your turn to eat the asks at $608.

Perhaps bitcoinwisdom isn't the most reliable ticker for accuracy of information. But my accusation stands. Bitfinex front run and commit insider trading. No doubt the process is much more convoluted and better concealed than my eyes can detect. After all, these guys have bots with access to all the key information on trader's intentions. But I know when I have been had. I knew it before but like a fool went back for more, albeit with just an experimental amount of BTC.

Look back at the whole debacle surrounding MtGox and how often Karpeles had apparently proven that all was well, that Gox was solvent, that the banks really had placed restrictions on Gox but all the money was there, etc.....nothing but bamboozlement. Bullshit baffling brains.

MatTheTwat is clearly making up things and deliberately cutting pieces to prove his own theory.
That's why I asked him to place a bet on it.
But you were faster than me in exposing his scam (80 orders were deliberately deleted to prove he's right).

Good job mate!

Giancarlo
Bitfinex Team

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June 22, 2014, 01:42:00 PM
 #60

You should first find reliable source for your data. In a matter of 20 seconds there were around 80 sale orders executed from $600 to $608 for all prices, not just $600 and $608 like you posted. Totaly wrong. Why your stop loss was executed at $608 and not $602? There was large market order above your price and when it was finished and all other stop loss orders before you executed, it was your turn to eat the asks at $608.

Perhaps bitcoinwisdom isn't the most reliable ticker for accuracy of information. But my accusation stands. Bitfinex front run and commit insider trading. No doubt the process is much more convoluted and better concealed than my eyes can detect. After all, these guys have bots with access to all the key information on trader's intentions. But I know when I have been had. I knew it before but like a fool went back for more, albeit with just an experimental amount of BTC.

Look back at the whole debacle surrounding MtGox and how often Karpeles had apparently proven that all was well, that Gox was solvent, that the banks really had placed restrictions on Gox but all the money was there, etc.....nothing but bamboozlement. Bullshit baffling brains.

I find only you arguing about bfx scamming. On the other side many of users were talking about gox. Yes, there are bot manipulators on bfx orderbook, like there was also on other exchanges, but I haven't spoted any scamming. Use this kind of large orders to your advantage instead of being hurt by it.
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