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BTCVIX
@BTCVIX
I can dig through the archives this happens a bit more on Kraken for some reason Jesse also a 50% discount from the rest of the market on a major pair tells me some one of risk management over there at Kraken is sleeping.
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BTCVIX
@BTCVIX
I know you are smarter than this Jesse- how about a market order that wipes the books to a point of generating a liquidation cascade ? You can't with a straight face tell me what occurred today on Kraken was orderly market function, more levered up exchanges didn't move that much
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BTCVIX
@BTCVIX
OKex limits the size of market orders and forces multiple orders and/or limit orders based on the thickness of the book, some of these things have been honed and polished up for years I am more turned off by the lack of concern from Jesse, I guess to him it isn't an issue ?
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BTCVIX
@BTCVIX
let me start at the root aspect with some honest questions: Do you think this event improves your image to current and prospective customers ? Do you think overall customers feel this was event is fair ? Do you even consider this an "event" worth handling ?
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Jesse Powell
@jespow
1. No, 2. Yes (someone took the other side of every trade) but I'm sure people who sold at a price lower than the current best bid would prefer a do-over, 3. what would "handling" it be? Everything appears to have operated as expected. The event was entirely predictable.
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₿TFD&HODL
@_TheDivergence_
Replying to
@jespow
@BTCVIX
and
@iwearahoodie
No, please don't roll it back! I've had capital tied up on the sidelines just waiting for an opportunity like what happened today to occur; I figured there would be a sweep to flush out stops, so I placed a low bid at historic support level, and I'm happy with trade.
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₿TFD&HODL
@_TheDivergence_
In crypto, I've come to expect big volatility swings when price action is showing weakness... I've learned that it's the nature of this game. So I will take the chance that these things happen and use them to my advantage... and BTFD.
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