/biz/ - Business & Finance

[Anonymous No.7441445]

Something fucking schetchy is going on with bitfinex. People are selling, but the numbers in orderbooks do not change. The sold tokens were not reduced from the current offers: This has happened multiple times during the day. I saw orders of 2-20BTC raining down at the highest big price, but nothing happened to the bids. Is the exchange buying bitcoins for itself, instead of letting the market valuation drop?

[Anonymous No.7441496]

I'll tell this one time you little shit. Stop looking into this.

[Anonymous No.7441533]

>he knows
>shut everything down

[Anonymous No.7441534]

>>7441445
basically every time you see this stagnant phase there were shitloads of trades but they were not affecting the order book bid not the market price.

[DarkTrip !nNThBA7CKU No.7441557]

stop looking at the order book.
ive said this a millon times
you kids are in the wild west of trading and half don't even realise.
there are no rules. these exchanges can do whatever the fuck they want.
and so can the participants for that matter

[Anonymous No.7441636]

>>7441445
bitfinex is a shady exchange i still can't figure out why anyone would choose them over binance, kucoin, or even bittrex.

they copy the order books from bittrex to make it seem like there's more volume.
That's why you can buy into an order that doesn't exist

[Anonymous No.7441647]

>>7441445
An order that automatically refreshes when it's hit is called a crowd buyer/seller. It is a common algorithmic trading/market making technique used on equity exchanges to disguise the actual size of a buyer or seller so as not to discourage buyers or sellers from hitting their bid or lifting their offer. You are not allowed to act as crowd on NYSE but you can on Arca, Edgx, Bats, etc. When you see a bid/offer getting hit but the amount on bid/offer remaining unchanged you have found a crowd buyer/seller.

[Anonymous No.7441663]

there are bots that create buy orders faster than the exchange updates them to your browser

the same thing happened on gdax when it was higher volume

[Anonymous No.7441715]

yes op.. im not buying back until tether dies, bitfinex dies and btc crashes to $100

[Anonymous No.7441732]

Its probably my bot making me bank

[DarkTrip !nNThBA7CKU No.7441796]

>>7441715
someone backtrace this guys IP
he knows too much
send the bogs

[Anonymous No.7441798]

>>7441557
>there are no rules. these exchanges can do whatever the fuck they want.
Not according to the yesterdays us gov stream

[Anonymous No.7441848]

>>7441445
https://support.bitfinex.com/hc/en-us/articles/115003507345-Hidden-Order-Option

[Anonymous No.7441870]

HOLY FUCKING SHIT ALL OF YOU ARE RETARDED.

You can place INVISIBLE ORDERS on Bitfinex. Do you know what that means? HIDDEN ORDERS THAT DON'T APPEAR IN THE ORDERBOOK.

GOTTA YELL THIS OUT BECAUSE YOU AUTISTIC MONGOLOIDS ARE ALL SO FUCKING PATHETIC AND NAIVE.

[Anonymous No.7442037]

>>7441870
>>7441870
This right here.
Whales can actually hide their walls with invisible orders but they have to pay the taker fee if these orders get filled.

[Anonymous No.7442045]

On Bibox, I’ve been watching JNT get bought and sold like motherfucking crazy on both sides, and the fucking coin price crawls. Fucking bots are giving volumes such a huge artificial volume boost. It’s makes holding the damn near only option. Trying to swing trade is fucking retarded against this.

[Anonymous No.7442084]

>>7441870
please don't yell around that little pup, you'll needlessly frighten her.

[Anonymous No.7442089]

>>7442037
Nothing sketchy about that at all.

[Anonymous No.7442158]

>>7441636
Volume, dude. I can sell $250k of Bitcoin at $8000 in 1 minute and then buy it all back at $7850 in 2 minutes.