2012-04-21 Forbes - Bitcoinica Registers in New Zealand for Bitcoin Margin Tra

matonis

sr. member

Activity: 303

Merit: 251

Remember, someone is happily coming up a winner and getting the money, because it's a zero-sum game like the futures market. If Zhou is taking the other side of the trades, then he better win more than he loses. I don't fault the operator unless he fails to deliver.

I agree that most people might be happier if they just had a big party with their trading funds. You know the way to make a million dollars in margin trading? --- first you make $2 million then lose half.

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: proudhon on March 22, 2012, 02:45:22 PM

Also you can use bitcoinica like this:

1. Log in to your bitcoinica account.
2. Drive to your bank.
3. Withdraw some money.
4. Burn it.
5. Drive home.
6. Log off bitcoinica.

- https://bitcointalksearch.org/topic/m.814748

The "How Bitcoinica Works" thread:

- https://bitcointalksearch.org/topic/bitcoinica-how-it-works-55970

World

hero member

Activity: 743

Merit: 500

Bam Bam Dilla ...:-)
any video tutorial or written manual how to use?

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Jon Matonis' latest in Forbes:

Bitcoinica Registers in New Zealand for Bitcoin Margin Trading
- http://www.forbes.com/sites/jonmatonis/2012/04/21/bitcoinica-registers-in-new-zealand-for-bitcoin-margin-trading

Quote

First of all, anyone can trade — with just $1 or ฿1. As with forex trading, there is no commission — only the bid/ask spread. Customers place buy or sell orders with a leverage variable selected anywhere from none to a factor of 10:1.

I sure hope people not already familiar with FOREX will understand that bitcoin exchange rate volatility + leveraged trading = getting zhoutonged
(zhoutonged described here: http://www.youtube.com/watch?v=kdvTkddp1F0 lyrics are not necessarily safe for work)

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