/biz/ - Business & Finance

In the last 24 hours some dude made a puny dump on XCM's thin order book triggering a stop cascade that sent it to the price floor of 0.01 cents. Sore losers who couldn't handle liquidation on margin trading started making noise and now to avoid dealing with support tickets from dum dums, the team is now looking into it as market manipulation wtf. Butthurt hodlers who weren't even affected financially joined the moan fest just because the long red wick to 0.01 made them feel sad.

That my friends is what protectionism of idiots look like, and the persecution of a trader who didn't have permission to win more than Coinmetro's loosely defined 'majority' - which in this case were actually 4 or 5 margin trading noobs who got BTFO playing on a thin market.

So why does the exchange adopt such a cucky stance? Let's look at their people...

Their CTO Salvatore being an ex-burn unit patient of the EUR/CHF peg have in the past rolled back trades to punish users getting their skyhigh sells orders filled because Coinmetro's own matching engine slipped. A self declared hater of predatory-trading, he also threatened to ban users for making the trades his system allowed them to, until compliance stepped in and pulled back on his leash.

By Kevin's own admission the reason the 0.01 price floor was set is because he didn't want someone scooping up millions of XCM at hundreths of a penny - God forbid should someone get a better deal on XCM than the others! Wonder why there is no reciprocal 'price ceiling' to prevent someone from fat finger buying expensive XCM?

My my the hypocrisy, who's the actual market manipulator here? They're not lying when they say 'regulated exchange' because they are the ones regulating your wins and losses, regulating the price of XCM via platform limits, rollbacks and manual interventions.

Come trade where the 99% wins, where trade finality is iffy, and where trading is NOT a zero sum game.

Coinmetro - THE SOCIALIST NANNY EXCHANGE

>>14918579
>shitload of vested 3 cent coins releasing in 10 days
shhhh..... let them buy
sage

>>13947340
Prepare for the kek-ness when you can't withdraw your winnings. There's a reason 99% of FX brokers are bucket shops

>>13645176
>ASSFOREHEADED

So I'v been planning on buying XCM for a while and think now might be a good time to trade in my ETH for some. Now has to be a good time to buy the exchange token for a new exchange that has margin trading coming in two weeks right?

>>13422581
144k is 0.1% of the circulating supply. Buy 4k more to make it.

Coinmetro. Just use their basic exchange and see how retard friendly it is. The intermediate and advanced exchanges are much less retard friendly so its not just a one trick pony either.
Not including a brief low volume dump to 0.011 that was probably one ICO person dumping the price has remained stable around 0.016-0.019 for the last while. Its the first genuinely regulatory compliant cryto exchange and has been recently moving along nicely following a year of delays. They are in the process of listing more tokens and starting margin trading. It has the best tokenomics of any exchange token and is based in Estonia, which is becoming the European fintech capital.
Market cap 2.5 million circulating supply 144,000,000, up slightly in ETH since ICO last year.

>>13332682
>0.018
>0.016
>0.012
and the conmetro shill squad goes quiet

People who bought at ICO will never break even in sats but now is a good time to buy.

Doing cuntmetro's marketing work for literal pennies. 1% of 0.05% of >€1000 daily volumes kek

>>13276562
>>13276533
It didn't click with you that when they ask you to create a username for no reason, out of the blue, when they say they are in the process of launching the ambassador program and you can;t set it as "signup"that it was your ambassador username?
I'm just pissed off moneyforehead was too many characters

>>13236651
>as long as it doesn't go above 0.05 euro
Remeber during the 2017 bullrun people thought this would 1000x from 0.15 euro. The bear has broken us all.

>Assblaster shills LINK
>Assblaster hints "new european exchange"
>Conmetro to list LINK
>King Forehead is Assblaster