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BitMEX Scam


ed1

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BitMEX literally scammed XRP traders by manipulating XRP prices momentarily and confiscated their XRP.  I am sure BitMEX is already selling/trading these XRP for BTC on the open market now. If you don't want to lose your money/coins etc, do NOT ever trade on BitMEX. It is one of the shadiest, sh*ttiest exchanges in this space.

Take a look at what happened here:

https://coingape.com/no-rollbacks-or-refunds-for-bitmexd-clients-exchange-says-after-xrp-58-flash-crash/

 

 

 

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No offense but there are so many imbeciles in crypto space getting weak at the knees when someone proclaimed "inverse hand and shoulders" and uncritically opens up their wallets for the taking. Hayes is a crock and a scammer, but smarter than the Bitcoin-Fund-Manager and the likes if him. 

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On 2/14/2020 at 8:34 AM, ed1 said:

BitMEX literally scammed XRP traders by manipulating XRP prices momentarily and confiscated their XRP.  I am sure BitMEX is already selling/trading these XRP for BTC on the open market now. If you don't want to lose your money/coins etc, do NOT ever trade on BitMEX. It is one of the shadiest, sh*ttiest exchanges in this space.

Take a look at what happened here:

https://coingape.com/no-rollbacks-or-refunds-for-bitmexd-clients-exchange-says-after-xrp-58-flash-crash/

Not the first time, and it won't be the last either.   There are horror stories out there of NEO flash crashes and people losing everything in the same fashion as described here.

PSA: Margin trading on pairs with low liquidity is a recipe for disaster.   Stops execute at next available best price, which in absence of adequate liquidity could easily be close to zero.  Price crashes, you get margin called, exchange triggers automatic stops to close your positions, stops fill at the best possible price (next to nothing), you wake up and log in, only to find out you are fkt,

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