EXCAVO

Long positions on Bitfinex

BITFINEX:BTCUSDLONGS   BTCUSD Longs
It’s no secret that you can earn money on margin trading,
 but the biggest money exchanges earn when customers lose, you can tell me that this is not so, but the fact remains that the Bitmex fund is only growing

Recent news:
Bitmex insurance fund: currently 32.800 btc or $ 223 million at current prices. The increase compared to August is ~ 1800 BTC .
The Arthur Fund keeps 0.18% of the total number of BTC in circulation and would be in the top 20 of the richest Bitcoin wallets. 

Bitfinex continues to be harassed with questions about the Tether and audit.
The outflow of clients continues every time the media publish news about Bitfinex problems
But they continue to work and even do IEO Leo to somehow save the situation. collecting 1 million $.
But you need to be naive to believe that the exchange earns only on commission from the transaction.
Squeeze, liquidations, commisions, screen lock.
 I think this is another manipulation and it’s not worth paying much attention to this situation
with inflated long positions.

If so many positions are closed, it will cause big sales or liquidations.

for example, this is also likely to work bitfinex



I have bad stories that I observed on this exchange, if you had anything with this exchange, share in the comments

Best regards EXCAVO
Comment: LEO sale was 1 billion, not 1 million
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Comments

The only thing I have to say about this exchange is it should be shut down. It is bad for the crypto market. And the person running it is probably one of the most selfish people in this space.
+10 Reply
According to some analysts the greater part of these long positions are self-funded, not on borrowed money. Personally, ever since the several large short positions were claimed rather than liquidated, I stopped paying much attention to bfx longs&shorts. I recognize I don't have enough information to properly formulate a valid conclusion, and my only course of action is to ignore this and focus on actionable items instead
+7 Reply
EXCAVO Cryptzo18
@Cryptzo18, agree
+2 Reply
I've been following longs/shorts also for a while and saw that they were skyrocketing in favor of longs in an price area which was higher than I expected. Can see in my previous charts I've also noticed many times that exchanges have downtime or are hacked at the same time large price movements happen, it's very shady (ie the Coinbase outage at the ATH of this year)! You're right Bitmex and others have a lot to gain by forcing liquidations and doing massive margin calls. In my opinion if you are going to enter a leveraged position, never borrow from the same company you are making the trade with! Better to take a loan from another source and enter the position, then you control the margin.
+5 Reply
So you are saying someone did a huge long (btc whale) and market dumped on him?

Actually 99% in the trading industry has eh hum charted btc to go down to 6000 range.

This guy finally got his Longs filled when it dumped, cough cough.

I dont see any market manipulation at all here last weeks Unless bitcoin is about to pump to 8000 after this guy added 20k longs at bitfinex.

second, who is losing money? Buy bitcoin at 6900 today and sell it next year for 10k is Loss? You are just stuck holding your coins Longer as a typical investor. If you are daily trading well thats your own loss.

Pro tip: Dont invest more than you're able to afford losing.
+3 Reply
crymepto Supdolt
@Supdolt, you must be stupid
+1 Reply
@Supdolt, Hey man, you are lending money with leverage/margin. You have to pay interest every hour or something...you cant hold for months and year man...it is only for short term. Or you auto get liquidated = lose all your money. You dont seem to understand this.
+1 Reply
Supdolt Confucius-The-Great
@Confucius-The-Great, spot over margin
+1 Reply
I was liquidated yesterday on Binance Futures because my stop loss "expired." Never even heard of that happening before.
+2 Reply
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