SecondMouse

@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
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I got so wrecked in this man, I had the low buy order for NEO and OMG, what a combination
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Market manipulation, whales already make bulk sales and already place purchase orders in cinnamon.
This is also true of NEO and SAN
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Whales do not give a fuck about other traders. This is why stops exist.
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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.
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jwlondon98 SecondMouse
@SecondMouse, true
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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...
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