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/biz/ - Business & Finance

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17762612 No.17762612 [Reply] [Original]

>” Per our analysis
@BitMEXResearch
liquidated $993 billion long positions using their own bots & capital. 2:43 UTC time activity across all exchanges stopped and
@BitMEXResearch
database crashed. Today’s $btc manipulation was caused by one entity. #bitcoin Investigation underway.”
https://mobile.twitter.com/bitPico/status/1238303378192699392

>> No.17762653

he corrected it to million not billion

holy fuck can you imagine

>> No.17762684
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17762684

>>17762612
It's 993 millions bro, not billions.
Still, that's some big money losses. Mumus on suicide watch.

>> No.17762702

>>17762612
Is it too late to take my money out?

>> No.17762708

Welp. If anything that further confirms 200k btc is a drop in the water

>> No.17762723

Within the past 15 minutes, some poor sap got $40MM worth of shorts liquidated split up into 4 positions of $10MM each.

>> No.17762726

Bitcoin BTFO by Bitmex

>> No.17762755

So you're saying a nigger faggot in mexico cant be trusted?

I for one am shocked.

>> No.17762762

Scheming bobos will hang for what they have done.

>> No.17762783

>>17762612
>>17762653
>>17762684
>>17762702
>>17762708
>>17762723
>>17762723
>>17762726
HOLY SHIT FUCKING READ THIS THREAD
https://mobile.twitter.com/SBF_Alameda/status/1238306306043162625

>> No.17762786
File: 1.28 MB, 1803x1440, PicsArt_03-12-04.22.15.png [View same] [iqdb] [saucenao] [google]
17762786

Guess i should update my graphic

>> No.17762791

>buy my bags the post

No thank you. Bitcoin is going to 0

>> No.17762816

>>17762755
lol

>> No.17762834

>>17762783
I smell shitty fud to crash the price and make people panic sell more.

>> No.17762867

>>17762783
>it's going to zero
it should. it does nothing.

>> No.17762917

>>17762783
brainlet here, please explain this for me

>> No.17762924

>>17762867
this.

>> No.17762988

>>17762723
>>17762783
Another $10MM liquidated short just now.

>> No.17763032
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17763032

I wonder how is it possible they dont get hits put on their heads by the huge whales they wreck

>> No.17763063

>>17762723
how do you keep track of this stuff?

>> No.17763083

>>17762723
>>17763063
this

>> No.17763095

>>17763032
Where the fuck did you get that pic of my wife you little pillow fucking incel shit

>> No.17763105

>>17763063
>>17763083
You can subscribe to event streams of all major exchanges, usually they are WebSocket connections.

>> No.17763132

>>17763095
Lol

>> No.17763248

>>17763095
She gave it to me when whe blew me. Sorry bruh

>> No.17763294

>>17762917
bot went nuts. there’s no liquidity at 3k 4k etc because no traders placed orders that deep. the price moves down and it keeps liquidating all the way down.
even though the bitmex price is affected by spot price the bitmex bot can do this because they sell/buy on spot market.
he’s saying bitmex leads the market.
this is exactly a black swan level event in crypto the largest derivatives exchange probably did not intend for something like this to ever happen and they pulled the plug on the stupid bot.

>> No.17763384

so basically bitcoin could be worth 100k or 0 right?

>> No.17763449

>>17763384
Its proven not to be a safe haven or asset, its going to 0 in these weeks

>> No.17763479

Lol, another $10MM liquidated short at exactly midnight EST.

>> No.17763610

>>17762612
what do you think about my (((derivatives))) product goyim?

>> No.17763656

>>17763384
>so basically bitcoin could be worth 100k or 0 right?

well, that's half right

>> No.17763976

>>17763384
We will see in the next two months

>> No.17764014

>>17763976
you see goyim with my derivatives product and my fiat printing press I can make the price of bitcoin anything I want while enslaving the worlds population thought inflation at the same time.

>> No.17764065

4.4MM Liquidation just now

>> No.17764124
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17764124

>> No.17764130

Another 8MM and a 10 MM liquidation. Shit's happening

>> No.17764202

what is happening>?

>> No.17764221

>>17763105
Can you provide a sauce?

>> No.17764259

>>17764221
For Binance, for example:
https://github.com/binance-exchange/binance-official-api-docs/blob/master/web-socket-streams.md#aggregate-trade-streams

Major exchanges all have similar APIs like this.

>> No.17764296

Another 10MM liquidation

>> No.17764323

Another one nigger wtf

>> No.17764326

>>17762723
>Degenerate gamblers are propping up the market trying to short
Lmao we might still make it guys.

>> No.17764338

>>17762783
God I hate the way this faggot tweets. Put more than one point in a tweet rather than spacing it out over EIGHTEEN FUCKING TWEETS

>> No.17764349

>>17762612
this is why margin shit should be illegal. its the federal reserve of crypto. btc would be 50k by now.

>> No.17764354

>>17763294
Thanks anon

>> No.17764441

>>17762783
>long position is liquidated
>this is done by executing a sell order
>the sell order causes the spot price to go down
>long positions that were teetering on the threshold before get liquidated
>repeat
how fucking hard is this to figure out? There's no conspiracy at play. That's just how margin trading works. And because of its volatility bitcoin attracts nothing but margin traders.

>> No.17764444

Bitmex seems to be hosted on raw EC2 servers with no Cloudflare in between. If a whale gets mad enough they could keep the site down easily. Fucking amateur honestly.

>> No.17764469

>>17764349
Agreed.
Do kikes run BitMex? Why would they do this shit during the stock market crash? It makes me wonder if BTC is moving with the traditional markets at all.

>> No.17764491

>>17762783
This is called momentum ignition

>> No.17764519

Crashing again, liquidating not even close to being done.

>> No.17764536

>>17764491
This. And when you combine the ridiculous excess of margin traders with bitcoin with the anemic market depth it happens big time. It's literally just back and forth between short squeezes and long bombs.

>> No.17764537
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17764537

>>17764491
This is called stiffening

>> No.17764586

>>17762612
>Source: trust me bro

>> No.17764633

I still don't get it. So bitmex is controlling price?

>> No.17764661

>>17762917
Some degenerate gamblers are salty that they lost money & are trying to blame the exchange

>> No.17764663

>>17764633
yes.

>> No.17764670

>>17764633
No. Retards just don't understand the ins and outs of margin trading.

>> No.17764727

>>17762612
How do you know the details of what had happened before doing the investigation?

>> No.17764777

>>17764670
This is literally a scam
Look at the trades going on at bitmex
All being driven vy them

>> No.17764818

>>17762612
> Investigation
Call the Central Blockchain Authorities in Beijing and they will help catch these criminals!

>> No.17764855

>>17764818
This

>> No.17765078

Why not exit scam?
This is killing crypto
It's still going on look at aggr dot trade

>> No.17765122

>>17762612
Good, degenerate gamblers deserve nothing less

>> No.17765344

>>17763384
The meme was that Bitcoin didn't need to be a payment protocol and could just be a store of value.
This now has been BTFO to oblivion.

>> No.17765571

>>17763294
>It was an accident! Nobody saw this coming!

Yeah, sure. All these exchanges are ran by corrupt assholes that are waiting to disappear like a fart in the wind when shit hits the fan (which it is).

>> No.17765585

>>17765122
agreed, the ability to "long" and "short" stocks is a huge part of the problem with the stock market in general, and certainly should not be applied to cryptocurrencies. It's just degenerate and reckless. Markets should serve people, not the other way around.

>> No.17765694

>>17764441
>There's no conspiracy at play.

You dumb nigger. One of the buy orders on Binance was placed 8 seconds after the Link to USDT pair was made. 8 seconds. They then added the buy order low limit immediately after so others couldn't do the same.

>> No.17766016

>>17765344
well so what? It clearly has value for people. Same with all other cryptos. Either way, even if BTC fails, it does not mean all cryptos will. Even boring coins like Litecoin could succeed. In terms of payment platform it's way faster. Tons of other cryptos just like that, this isn't going away. Cryptocurrencies are not gonna be some weird 2010s fad, penny stocks are still around despite going through periods of popularity and disdain

>> No.17766359

That dump was orchastred by miners to get rid of old rigs polluting the network dumb newfags

>> No.17766396

>>17766359
I'm thinking that too. But must last at least few days at very low prices, if not a couple of weeks.

>> No.17767037

>>17764661
this. fuck em.

>> No.17767054
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17767054

>>17765585
>The purpose of money is to serve the members of society to facilitate the exchange of goods needed to lead a virtuous life.

followed

>> No.17767075

>>17765344
desu after learning about money and how it works i'd rather use bitcoin.
https://www.youtube.com/watch?v=MpG-r9FnnXY

>> No.17767288

>>17764444
quads of truth?

>> No.17768076

what a lol joke doby buy the dip retards, we go much much lower