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I saw that the large majority today was lost on longs, with shorts being much less active. Do you believe it’s likely that the crash was intentional with the l

I saw that the large majority today was lost on longs, with shorts being much less active. Do you believe it’s likely that the crash was intentional with the large exchanges pushing the price down on various exchanges to make money off the leveraged longs? Obviously panic plays into this as well. I’m not one to get involved in any type of trading personally, as I don’t trust myself, so this is outside of my space. Please excuse and correct me if I misused any terminology or don’t understand stuff. Some of my family is heavily invested in crypto, so I like to know what is going on. Anyway, does my assessment sound accurate to you? I would love to see you expand on this.

csomar 7y ago
> I saw that the large majority today was lost on longs, with shorts being much less active. Given that Futures now have the most open interest, I'd say the long/short ratio is practically equal these days in Bitcoin land. > Do you believe it’s likely that the crash was intentional with the large exchanges pushing the price down on various exchanges to make money off the leveraged longs? No. Only bad traders will say that! I don't think there is any kind of price meddling from the exchanges themselves. Any exchange that does that will end up burning to the ground eventually (and there were exchanges that did that). The reason is, a single exchange will unlikely be able to move the price to the sought after direction. Given that trading is distributed through multiple exchanges that are in different jurisdiction, I can hardly see them colluding to manipulate the price. > Some of my family is heavily invested in crypto, so I like to know what is going on. God help them.
- OGWhales 7y ago
  Do you really not see what bitfinex is doing?… it’s almost painfully obvious they are manipulating the market.

csomar 7y ago

> I saw that the large majority today was lost on longs, with shorts being much less active. Given that Futures now have the most open interest, I'd say the long/short ratio is practically equal these days in Bitcoin land. > Do you believe it’s likely that the crash was intentional with the large exchanges pushing the price down on various exchanges to make money off the leveraged longs? No. Only bad traders will say that! I don't think there is any kind of price meddling from the exchanges themselves. Any exchange that does that will end up burning to the ground eventually (and there were exchanges that did that). The reason is, a single exchange will unlikely be able to move the price to the sought after direction. Given that trading is distributed through multiple exchanges that are in different jurisdiction, I can hardly see them colluding to manipulate the price. > Some of my family is heavily invested in crypto, so I like to know what is going on. God help them.

OGWhales 7y ago
Do you really not see what bitfinex is doing?… it’s almost painfully obvious they are manipulating the market.