ALL CRYPTO TRADERS NEED TO BOYCOTT BITFINEX AND BITMEX IF WE EVER WANT TO SEE ORGANIC TRADING AGAIN.

in #cryptocurrency7 years ago

Hi there,

One of my favorite channels to keep informed on cryptocurrency is on YouTube. The channel is called Bitraged. It is ran buy a couple guys that really know trading, crypto, and charts. There has been several instances of Market manipulation lately. Not something that any exchange could do if the trading volume were high, but because the trading volume has been so incredibly low, exchanges like Bitfinex have been manipulating the market in order to cheat their short margin traders out of their money and make money for themselves. A terrible, unethical and shitty thing to do. And they are not the only ones. Bitmex is just as guilty of market manipulation. The thing that needs to happen, and especially since the Nasdaq is now beginning to endorse Crypto is we need to boycott Bitfinex and Bitmex, and just don't trade on them any longer, and definitely don't risk your money by margin trading with them. You will eventually get screwed.

Look at these images, the first is the chart that shows just how much of the market each of these exchanges control. The second image is not a price chart but a chart of margin trades by these huge exchanges. You can see their crimes in action right there on the chart.

So please lets get out cryptocurrency back on track for organic growth by eliminating these companies by boycott. spread the news, I for one want crypto back.

Boycott.JPG

Boycott 2.JPG

For more information please go to Bitraged and listen to these guys they really know what they are talking about.

-Cyrus