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RE: BitShares (BTS) Update: Is BitShares Doomed? Not Even Close!!

in #bitshares7 years ago

This historic moment will be remembered the day BTS hits $340 :)

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If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.

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P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.

Dude..someone just put a 9,000,000 BTS sell order on the DEX..did you guys see that ?? Not sure if this is manipulation or a person that seriously wants out at the break of that double bottom

If you notice the number is yellow meaning he got margin called. He didn’t want to sell but the price of BTS got too low and he has to pay back his loan. It was actually 54 million BTS ($13 million)
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Holy shnikies...brutal stuff brother

thanks for the clarification BB...haven't used leverage on the DEX so wasn't aware...cheers friend

Yeah no problem. It’s crazy when it happens. They are forced to sell to pay back the loan. Always gotta watch the margin lol

How does one buy the yellow selling order?
every time i see one, there are buying orders in place for the specified price, but its not precessed for some reason..

You can not buy it directly. You can buy only in case when there are not enough funds for the specified price in the market. If the price goes down lower then this collateral is left behind.

Yeah thanks for that info. I'm still trying to figure out using leverage and am considering jumping in shortly but that is pretty scary right there.

lol, WOW nice find.

It looks like Manipulation. This will have an impact on the price I believe. They will most likely cash out, then buy back on the cheap.