/biz/ - Business & Finance

Bitmex/Bitfinex push the market up and down based on how much money they can liquidate. If there is more longs than shorts out there they will drop the price and visa versa. It's literally that simple.

This is why the market tends to do the exact opposite of what the general consensus is price wise. We can have all the good news in the world circulating but for some reason we still go down... guess why.

>This is not true and Bitfinex aren't affected by whatever has happened. We'll be releasing an official statement on this later today.
So uh it's been over 2 days now.... Are you guys still planning on getting audited? You know after friedman dumped you, you never said anything. I'm sure there's nothing sketchy going on here though! Just deposited 100k.

https://www.reddit.com/r/btc/comments/8ad509/polish_authorities_has_seized_almost_400_mln_eur/

Polish authorities has seized almost 400 million euros allegedly belonging to Bitfinex shell company in Poland - during narcotic money laundering investigation.

>unplanned maintenance