@Bitfinex what is going on here?

BITFINEX:OMGUSD   OmiseGo / Dollar
This is the kinda crap that gives crypto exchanges a bad name. Basically, I suspect, that everyone who had a leveraged long position on OMG would have been liquidated or maybe stopped out IF their orders were filled but I doubt an event of this magnitude will fill stop orders... Luckily I was not one of them.

What does the community think of this?

This smacks of rigging Bitfinex. How do you plan to stop this from happening in the future?
I really don't understand why people trade crypto's with a broker in the first place!
I bought 2000 tokens extra after this this spike down happened.

In the future there will be more and more decentralized crypto exchanges so that this kind of manipulation will stop.
+1 Reply
i had a marging long position... but i was very surprised and more happy that it wasnt liquidated.... but yes this is crap
+1 Reply
I got so wrecked in this man, I had the low buy order for NEO and OMG, what a combination
+1 Reply
Market manipulation, whales already make bulk sales and already place purchase orders in cinnamon.
This is also true of NEO and SAN
+2 Reply
Whales do not give a fuck about other traders. This is why stops exist.
+1 Reply
SecondMouse jwlondon98
@jwlondon98, I'm no expert but I've heard stops don't mean anything when the market moves this fast. The slippage could be huge.
jwlondon98 SecondMouse
@SecondMouse, true
Don't you wish you were the guy who had that buy filled
+1 Reply
SecondMouse Nom_de_Guerre
@Nom_de_Guerre, I guess this is a reason to always have a very low buy order. Just in case...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out