Hi guys, Crypto OG here(in since 2013). I won't say who I am but also have a huge CT account. I have seen a shit ton of scams already.
But Bitmex is one of the biggest scams disguised as legit to date.
First a quick introduction to the background of Bitmex:
Bitmex is incorporated in Seychelles.
What the fuck does this mean?
This means that no matter what happens, they scam you, they steal all of your money, they get hacked, whatever, you will not be able to get your money back if they "lose" it.
You can not sue them, they are not under any jurisdiction so they will get away with ANYTHING.
I'm sure many of you are wondering; why the FUCK does the Bitmex "trading engine" freeze every single fucking time during volatile moves?
Why is it that every time Bitcoin has the potential to completely screw every leverage trader over, the platform suddenly doesn't take orders and become unusable?
Do you really think, that it's because it's "overloaded"? This has been happening for longer than a year now. Do you really believe a company that makes hundreds of millions of dollars can't create a "trading engine" that doesn't get overloaded after A FULL YEAR.
Fuck no. Let me tell you something. "Bitmex" is designed exactly like a CASINO. Just look at the fucking website. Colored buttons everywhere. Money sliders. Green profit numbers. Instant trade buttons. Flashing lights. Notifications. Sound bites. They even have a fucking LEADERBOARD.
Tell me this: How is ANYBODY able to make profit on "Bitmex", when they aren't able to put in a trade during volatile times? How is ANYBODY making profit, when MULTIPLE TIMES A WEEK, out of NOWHERE, Bitcoin moves massively in a random direction and nobody is able to close their trades?
Think about it. Casino design. Massive fees. Incentive to gamble. Engine constantly "freezes" during high value moments. Bitmex liquidation fund has BILLIONS of dollars worth of BTC in it.
As a Crypto OG, let me fucking tell you; ABSOLUTELY NOBODY is making money off this website. Stop using it. It's a flat out complete scam. Get the fuck out as soon as you can and stop making Bitmex scam artists rich.
Everyone is shilling Bitmex, because of the REFERRAL LINKS. I know a shit ton of people in crypto and literally NONE of them are actually making money on Bitmex. Everyone that has influence is making money from scamming retards like you with REFERRAL LINKS.
Stop falling for this casino shit and take your money out of that shithole. You're far better off trading altcoins without leverage when crypto recovers again in a few years.
Joshua Bailey
fuck off retard
Angel Flores
BitMEX agent detected.
Lincoln James
t. Arthur from Bitmex
Cooper Brown
you sound like a fucking retard. You place your stop and then place your trade. In the event of an overload your stop is triggered. Also, all CT accounts are fucking retards. KYS FAGGOT
Oliver Bell
Thanks for telling me what I already know
Parker Morales
>In the event of an overload your stop is triggered not always
Nathaniel Kelly
>ABSOLUTELY NOBODY is making money off this website
that nigger made like a hundred million off of it kek
Bentley Reyes
Stops are for complete imbeciles. They are one of the biggest scams to date. Do you absolute morons realize that Bitmex can see every single one of your stops? Do you also realize that Bitmex could easily move the price to trigger all of your retarded stops, make a shit ton of money, and then bounce the price in the different direction? Do you realize how fucking easy this is for the big players?
Stops are the easiest way to slowly lose all of your money.
Gabriel Bennett
Found the Buttmex staff.
Jaxon Collins
Here come the bitmex shills who are on a lucky winning streak so its not a scam in their eyes
Carson Rogers
Sounds like you’re a fucking noob who didnt place a SL lol
Jaxson Garcia
Thanks for making me rich af guys!
t. Thr Bitmex Nigger
Wyatt Ortiz
You're 100% right. It's a typical bucket shop. I bet they take the opposite side in most cases.
Dominic Scott
>umma bertkorn trayder >wah wah why cant i mayk money >muh whales manipoolayshun >bitmex is scam lel >notmyfault.jpeg
Fuck this Arthur nigger. Piece of shit said ETH was a shitcoin. He's a fucking arrogant, greedy scammer. No matter how smart and rich a nigger gets, you just can't get that scheming mentality out of em. This fuck ruined crypto for his own personal gain. Screwing millions of people every month.
Michael Nguyen
Why are you warning people OP? Are you upset you lost money? Bitmex is literally doing god's work and destroying all crypto degenerates
Jayden Nelson
bucket shop >an unauthorized office for speculating in stocks or currency using the funds of unwitting investors >a travel agency that specializes in providing cheap air tickets.
Its literally a dream for child trafficers and drug lords to launder money on this shit
James Rodriguez
lmao wat
James Powell
You do realize Bitmex admitted to having market makers that take opposing side of the retailers trade retard?
Austin Hernandez
margin trading is a joke and will get you rekt faster than you can say arthur hayes. otc is the only reliable way to make money, bitmex is killing crypto by making people bet on the price action rather than actually buying or selling, fuck that nigger I hope slavery still existed.
Josiah Jenkins
>Abortron
What was meant?
Mason Cox
>he wanted to get rich quick >he thought he could do it by trading with leverage >he was too lazy to learn the basics of trading strategy >he lost everything Cope harder
No, they didn't. You are just making up things now.
Zachary Williams
Eventually everyone who thinks bitmex is a good idea will lose money and bitmex will start withering away
Austin James
back in my day when there were less than 6k people the overload never happened, after about 12k people it was all the time like now. why would they do that on purpose? all it does is piss people off and make them leave (like me). >massive fees you get paid .025% if you place a limit order and someone takes it retard. fuckin massive fee dude! you shouldn't be trading there at all until they fix the overload you dipshit.
the point is, bucket shops were a also a highly leveraged service (1x- even 100x) were in that time were making most of money when their customer was loquidated. For example when they had too many bulls on particular stock, they had routinely telegraphed instuctions to some broker directly in exchange floor how to wash price of stock just a exact few points to wipe all their customers at once stock market in early 20 century was similarly wild, rather unregulated and manipulated as crypto today. Thats why anons willing to survive in crypto should study wickoff and livermore, masters of that era.
Yeah i stopped taking OP seriously when he said "massive fees"
You literally get paid to market make on Bitmex if you can look ahead, plan things,and use your prefrontal cortex when you place an order and not trade like a nigger mashing buttons.
Austin Ward
Crypto og here. Been using bitmex successfully. The secret is put in your orders before volatile times. This way you don’t need to trade when it’s volatile because your trades are already set. Put in stop losses put in triggers get everything ready and ur good
Julian Young
I agree that wyckoff and livermore are valuable, but the key difference is that Bucket shops often had no connection to the underlying asset, which doesn't really apply to Bitmex.
You can actually go back and calculate Bitmex mark price using their weighted index to verify that you got liquidated not because of Bitmex, but because of Bitstamp, GDAX and Kraken. Their documentation provides tools to do this.
Robert Miller
haha and please faggot, explain how having market makers on their weekly up and down contracts is a bad thing? you sir, are a fucking moron who has no clue. do you even know what the role of market maker is?
Christopher Fisher
Bitmex literally has billions of Dollars. They can manipulate the Bitcoin price on those other exchanges at any moment by dumping a few BTC. They collect way more BTC through liquidating retards on their platform.
Jason Reed
1. plan your trades in advance, overload wont matter that much 2. not high fees 3. ???? 4. thanks for your money.
Easton Butler
Don't respond to my posts you stupid faggot, you don't know anything.
Adam Butler
what is your problem? do you think 'the big man is after you'? they cant chase after everyones stop losses or liqs, because people take roles on both sides. are you a little simple?
Matthew Taylor
>You can actually go back and calculate Bitmex mark price using their weighted index to verify that you got liquidated not because of Bitmex, but because of Bitstamp, GDAX and Kraken. >they had routinely telegraphed instuctions to some broker directly in exchange floor how to wash price of stock just a exact few points to wipe all their customers at once Bitmex knows the market structure and know exactly when and how much to pump or dump to liquidate orders. It's easiest money in the world. You can be sure bitmex is on the other side of most orders. That's why bucket shops were heavily regulated. They were doing the exact same trick.
Jeremiah Price
That's why I trade crypto with my forex broker. Might have a higher spread but at least they aren't casino pajeets.
Joshua Hill
they do stop loss / liquidation hunts, even bitfinex does it, i thought it was obvious
Oliver Fisher
'they'? any trader that is worth their salt has some idea where to hunt, you dont need to be an exchange to do that. please fight your windmills elsewhere
