BitMEX IS killing the BTC price and it will continue until the volume drys up.

Lucas Sanders
Lucas Sanders

The BitMEX platform's derivatives are especially harmful to unregulated markets as these futures are settled in asset (BTC) instead of fiat.

When a contract settles or is sold on a BTC settled futures platform, the winner gets BTC (both short and long winners get BTC). The spot (fiat) market controls the settlement price and cannot be bought up with BTC. It can ONLY be sold down with BTC.

In a normal market there would be competing long traders offsetting the short traders. These long traders would be attempting to manipulate the spot up and therefore profit from their futures contract longs. This cannot happen in a BTC settled futures market without massive outside cash reserves. There is no way for a long trader to make fiat in order to buy the spot market up, they can only make BTC. The manipulation process ONLY works to the downside on BitMEX BTC settled futures. Since BitMEX is far and away the most volume, there is no competition for the short manipulators.

The manipulation cycle works like this:

1. They shorted futures, then dumped their BTC on the spot market causing their short futures positions to be profitable
2. They then close some futures and are paid in BTC from the people who took the 'long' side of the contract.
3. They open more short futures contracts and then dump the BTC they just earned on the spot market Finex, Stamp, Coinbase causing the new short futures contracts to be profitable.

The amusing part of this is that they are using the LONG traders own BTC to dump on the spot market causing the LONG trader to lose more money on the futures contract they hold.

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Elijah Bennett
Elijah Bennett

Holy shit

Gabriel Stewart
Gabriel Stewart

Exactly. Also BitMEX runs its own for-profit market maker.

Jacob Thomas
Jacob Thomas

This is spot on.

The Bart patterns are Bitmex-Barts. Their market maker team dumps BTC to pay their bills causing the large 80m candle moves. Or Bart up to stimulate liquidity volume

This triggers a cascade of bot trading which ddos's their infrastructure preventing retail trading and continued movement

Kayden Moore
Kayden Moore

No shit, laggard.

Jason Clark
Jason Clark

THIS NIGGA'S GOING TO JAIL!

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Gabriel Torres
Gabriel Torres

Then why does anyone take the long futures side? how are there enough idiots to buy the longs?

Christopher Ramirez
Christopher Ramirez

greater fool theory

Grayson Ross
Grayson Ross

In simpler terms: a bear market, thanks to BitMEX's innovate settling solution, is infinitely self-sustaining barring an absolutely unstoppable change in sentiment.

Parker Anderson
Parker Anderson

By tricking people into longing BTC.

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Jose Foster
Jose Foster

simpler yet: short 100x

Alexander Walker
Alexander Walker

Many people think they're the special ones who are smart enough to call the bottom.

Bentley Ward
Bentley Ward

welcome to the unregulated libertarian marketplace

The crypto market is a zero sum game. Your profit is someone else's loss. We are not Robin Hood's or Angel's of Mercy. We are not standing up for the poor, not building a better world - that's what the developers do. In the Market we are Pirates. We take. Time to get real.

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Michael Bell
Michael Bell

Wish I could see what the long liquidations are now

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Ryan Sanchez
Ryan Sanchez

Unironically a ponzi scheme

Luis Scott
Luis Scott

This is why im all in BTCSV.

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Hudson Johnson
Hudson Johnson

Well shit. Guess the ponzi is over, unless a black swan event happens causing Bitmex to shut down and all that volume goes back to pumping alts again

Brandon Lee
Brandon Lee

Is Arthur a billionaire yet?

Jordan Gutierrez
Jordan Gutierrez

gets paid in BTC prize
short it to 0

kek

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Matthew James
Matthew James

The tail doesn't wag the dog, futures don't affect the price. Futures are zero-sum bets on what the price will be, the actual bitcoin exchanges determine the price.

Owen Harris
Owen Harris

Explain why this wouldn't work then. It would.

Joseph Cooper
Joseph Cooper

What he is saying is all the OTC buying is being sold on the market while making leveraged shorts. This is clearly happening. Luckily BTC is capped and will eventually be harder and harder to buy OTC from miners. This is a long game in 1 decade we will experience almost 3 halvings. Just be patient and get another hobby.

Jacob Hughes
Jacob Hughes

Price prediction for BTC 10 years from now?

Eli Ramirez
Eli Ramirez

How the hell would I know? I'm just a delusional bagholder that occasionally uses BTC to buy Nootropics and LSD. But I am trying to send as many positive thoughts to all anons.

Evan Brown
Evan Brown

lets assume they indeed control the price and can liquidate shorts and longs how they want, why would they dry the volume up and let it die?
Would you kill the golden goose and throw it in the garbage? or would you continue taking its golden eggs for many years?

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Ethan Thomas
Ethan Thomas

When will Arthur Hayes be arrested? Further, is it possible BitMEX can be shut down? Pls SEC

Samuel Roberts
Samuel Roberts

it never dies.

Oliver Evans
Oliver Evans

The artificially simulate volume with their market maker team to keep appearances so greater fools keep trading

Connor Walker
Connor Walker

The only people that are making money are the shooters since Feb. they fycking killed the market. And sucked all the fiat out of the market

Christian Carter
Christian Carter

This nigger looks like a fucking monkey.
There has to be a Jew somewhere this faggot.

Luke Morris
Luke Morris

So weird to see a gif on biz that isn't gore, racebait or some sweaty braphog. I'm honestly shocked.

Alexander Smith
Alexander Smith

Futures dont affect the price, but the lack of fiat certainly does. All a shorter needs to do to make money is market sell his BTC on Coinbase Pro to dump the price, but a longer needs actual fiat, not just BTC, to make money on bitmex. And when the shorter inevitably makes more BTC in profit, he can use that BTC to push the price down even more.

Nathan Richardson
Nathan Richardson

Bitmex banned all US citizens so no the SEC can't do anything

Ryan Hall
Ryan Hall

This shit is a scam, they have in-house market maker algorithm which always gets the best bid/ask. You can't do anything. The limit order gets posted 1 microsecond before the spread get freed

Brayden Myers
Brayden Myers

what is funding rate arbitrage
Get your uneducated ass out of here, if futures didn't affect the price, I wouldn't be making money right now

Adrian Ortiz
Adrian Ortiz

Bitmex cant move btc price, they can however tell big players where liqs are.

Lets assume i have 1000btc, i would just join a group, give them my btc and they just use the bots to move where other no-insider whales are making profits for me and for them.

Its an unregulated market, but it copy spot, bitmex was created solely by this pourpose.

Jace Martin
Jace Martin

the market ain't dead, bull market will come back so the game doesn't die. They will be pumping the price to an ATH again at some point going with the market cycle chart, to suck more money in for them steal.
whales can't make money from a dead market

Andrew Collins
Andrew Collins

What the fuck is the y axis on that chart.

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Nolan Davis
Nolan Davis

Based.

Chase Hernandez
Chase Hernandez

With a lot of USD you can do the reverse and let the Bitmex short bots feed you money right? The market cap of BTC is low enough that the combined power of USD holders is vastly more than BTC holders and BTC only markets.

Adam Foster
Adam Foster

i would just join a group, give them my btc and look at them exit scamming with my 1000btc

You couldn't even go to law enforcers cause you were attempting to do market manipulation.

Christian Morris
Christian Morris

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Nicholas Cox
Nicholas Cox

what a great techhnique to activate all those almonds

Jack Lopez
Jack Lopez

Activate almonds wut?

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Jaxon Butler
Jaxon Butler

wanting regulations

Carson Evans
Carson Evans

Whats an api key

Grayson James
Grayson James

G O L D E N B U L L R U N

Mason Ortiz
Mason Ortiz

Because mexican gangsters controlling market is so much better

Ryder Allen
Ryder Allen

This.

Samuel Sanchez
Samuel Sanchez

The total number of contracts, or in other words the effective USD value of all the longs or shorts that have been liquidated. (1 “contract” = 1 USD) It’s saying there tends to be a lot more liquidations of longs than of shorts, measuring by the total volume of USD they’re worth.

obviously never stepped foot in bitmex

Brayden Cook
Brayden Cook

he thinks the Mex part of BitMex means Mexico

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Owen Evans
Owen Evans

unobtanium support at 3300

Kayden Cooper
Kayden Cooper

I have a question then....if it never end then they will just keep gaining bitcoin but they dump the price so their gains are just breaking even .. also if they dump it more their gains will also lose value....