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thresher (OP)
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January 26, 2015, 03:43:35 PM |
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The owner was already busted.
Today, every time there has been downward movement on stamp, bitfinex locks up and takes longer than usual to load, preventing a position from being taken or exited quickly.
My imagination or the owner is filling his orders first.......
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esse83
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January 26, 2015, 03:45:08 PM |
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The owner was already busted.
aha..source? |
“Bitcoin is wild and crazy investment that I’m diversifying out of all the time,” - Gavin Andresen
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thresher (OP)
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January 26, 2015, 03:45:50 PM |
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The owner was already busted.
aha..source? search forum, it was news from like a week ago |
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Ultros
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January 26, 2015, 03:49:56 PM |
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"maniuplation"..haha  |
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thresher (OP)
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January 26, 2015, 03:55:20 PM |
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"maniuplation"..haha I'm not a good typer  |
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Serpens66
Legendary
 Offline
Activity: 2954
Merit: 1131
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January 26, 2015, 04:47:58 PM |
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The owner was already busted.
aha..source? search forum, it was news from like a week ago do you mix up Bitinstant and Bitfinex? |
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01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
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January 26, 2015, 04:50:01 PM |
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The owner was already busted.
Today, every time there has been downward movement on stamp, bitfinex locks up and takes longer than usual to load, preventing a position from being taken or exited quickly.
My imagination or the owner is filling his orders first.......
I noticed the website locking up but the API did not. I guess the slowdown was caused by web traffic spike. |
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oblivi
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January 26, 2015, 06:56:53 PM |
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https://cryptowat.ch/Here you can see the best graphic for bitifinex, some say there was some sort of bug.
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pinky
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January 26, 2015, 11:42:49 PM |
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The owner was already busted.
Today, every time there has been downward movement on stamp, bitfinex locks up and takes longer than usual to load, preventing a position from being taken or exited quickly.
My imagination or the owner is filling his orders first.......
I noticed the website locking up but the API did not. I guess the slowdown was caused by web traffic spike. They use so called "circuit-breaker" which prevents malicious dumping and stop-loss hunting (remember spikes to 100 back in 2003). When trader wants to crash price, lets say by dumping 5000 btc at once, their trading engine prevents crash by locking all current orders (you cannot cancel your order in the meantime) and slowly execute all buy and sell order by matching them without jumping the line. Without this market sell order of 5000 coins would crash price by 30% in a second. Because they use this breaker the result is now that it first dumps 1000k coins and now buy orders at this price gets activated and matched with dumpers order. Then it proceeds with selling to the next order and so on until all coins gets sold and then trading gets back to normal. |
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ajaxmoor
Legendary
Offline
Activity: 1372
Merit: 1000
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January 27, 2015, 12:18:23 AM |
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The owner was already busted.
aha..source? search forum, it was news from like a week ago I don't think he was busted but clamimed to do so. |
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Tzupy
Legendary
Offline
Activity: 2170
Merit: 1094
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January 27, 2015, 07:10:48 AM |
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Yesterday I wanted to short at ~300$ but couldn't log in for several minutes.
One minute after the dumps started, logged in no problem. Could have been ddosed though.
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Sometimes, if it looks too bullish, it's actually bearish
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jaberwock
Legendary
Offline
Activity: 2730
Merit: 1127
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January 27, 2015, 07:24:46 AM |
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everyone was expecting things to happen when countdown reached 0.
I guess everyone was f5ing the site to take positions, and things get worse when the dump started
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bassclef
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January 27, 2015, 07:42:13 AM |
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BFX and OKcoin actively hunt stops, I have seen it. Upthrust candles. It allows whales to cash out without too much slippage. You really have to allow for this because it happens in traditional markets and not put your stop losses in obvious places. You would do the same if you had that many coins to move around.
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GÜNther.Danish
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January 27, 2015, 08:21:27 AM |
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BFX and OKcoin actively hunt stops, I have seen it. Upthrust candles. It allows whales to cash out without too much slippage. You really have to allow for this because it happens in traditional markets and not put your stop losses in obvious places. You would do the same if you had that many coins to move around.
both they are dangerous casino, instead of the real exchange, and should avoid to trade on these two places |
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Q7
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January 27, 2015, 11:36:23 AM |
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It's a very common scenario and happens all the time even in fx currency trading especially when you have major news event. People are saying it's due to the heavy server load but whatever it is, its up to you to define.
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thresher (OP)
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January 27, 2015, 12:46:20 PM |
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Well a lot of good explanations, I personally still think fishy activities were going on behind the scenes, but not much one can do.
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Bananana
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January 27, 2015, 01:43:39 PM |
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The owner was already busted.
Today, every time there has been downward movement on stamp, bitfinex locks up and takes longer than usual to load, preventing a position from being taken or exited quickly.
My imagination or the owner is filling his orders first.......
Thats called website lagging, not busted  |
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Xiaoxiao
Legendary
Offline
Activity: 1274
Merit: 1000
The Golden Rule Rules
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January 27, 2015, 02:03:51 PM |
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What do you mean busted? Are you talking about the interview where he said he traded on bitfinex?
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MatTheCat
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January 27, 2015, 02:57:35 PM |
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The owner was already busted.
aha..source? search forum, it was news from like a week ago Oh? So my suspicions that lead to me creating the thread in my signature were most likely justifiable? |
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tyrexs
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January 28, 2015, 02:37:25 AM |
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i see this week all exchanger like manipulation with some people, so hold ur btc.
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