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Topic: And today there is no buying on bitcoinica (Read 4898 times)

hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
January 17, 2012, 05:32:02 AM
#45
Please be careful with the accuracy of what you're saying, there are some typos in there which make it hard to understand.

My point is, though, that if you know with high certainty that the price is going to be 2x as high next week, then you should use bitcoinica, and that would increase your profits.
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
January 17, 2012, 05:03:03 AM
#44
at 7 we get * again, also depend if ppl who closed their positions yesterday moved $ back to mtgox to buy bitcoins there leaving bitcoinica with low $ and if bitcoinica sell btc to get USD the price will go down, from a user point of view there is no point on putting USD on bitcoinica since you pay a premium for btc
You have leverage on bitcoinica, that's an advantage.
zby
legendary
Activity: 1594
Merit: 1001
January 17, 2012, 03:37:36 AM
#43
The * on bitcoinica just went away. Is this a sign believe in the market, rising went down?


Yeah - indeed it is now *-free.  The question is - if I start buying now - at what price we'll get again stopped by it?
sr. member
Activity: 352
Merit: 250
January 17, 2012, 03:33:35 AM
#42
The * on bitcoinica just went away. Is this a sign believe in the market, rising went down?
donator
Activity: 1120
Merit: 1001
January 17, 2012, 03:31:01 AM
#41
The Bitcoinica leverage is one of the triggers of a potential crash.
zby
legendary
Activity: 1594
Merit: 1001
January 16, 2012, 04:18:10 PM
#40
Looks like it is now evident that this bitcoinica asterisk is a major force.  Can we have a rally without bitcoinica?
legendary
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
January 12, 2012, 08:00:29 PM
#39
Of course not. There is no scenario in which he would lose money.
there is one  Cheesy
...

Which one?.
when prices go way down and he wont make money to pay for the servers  Smiley
He doesn't lose money when the prices go down. Except on the bitcoins he's holding.
The point is that a site like Bitcoinica has fixed expenses: namely, server space and bandwidth. The amount he makes from his users' trades may never be negative, but if it's less than the money he's spending to host the site, then in the big picture he's losing money.
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
January 12, 2012, 09:40:30 AM
#38
Of course not. There is no scenario in which he would lose money.
there is one  Cheesy
...

Which one?.
when prices go way down and he wont make money to pay for the servers  Smiley
He doesn't lose money when the prices go down. Except on the bitcoins he's holding.
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
January 12, 2012, 08:37:46 AM
#37
Of course not. There is no scenario in which he would lose money.
there is one  Cheesy
...

Which one?.
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
January 12, 2012, 08:08:19 AM
#36

Of course not. There is no scenario in which he would lose money.
legendary
Activity: 1904
Merit: 1002
January 12, 2012, 07:11:06 AM
#35
These days most profits come from internal matches, which are not subject to Mt. Gox fees or market spreads. Bitcoinica will continue relying on Mt. Gox, but will definitely be cheaper than Mt. Gox in the future. (And yes, I don't lose money still.)

It won't be cheaper if the market moves against me while your Redis server is down.... Fix this please.
hero member
Activity: 616
Merit: 502
January 12, 2012, 07:09:50 AM
#34


These days most profits come from internal matches, which are not subject to Mt. Gox fees or market spreads. Bitcoinica will continue relying on Mt. Gox, but will definitely be cheaper than Mt. Gox in the future. (And yes, I don't lose money still.)
Thanks for the answer. And "asterisk" is really connected with "an insufficient reserve USD or BTC" ?
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
January 12, 2012, 07:05:55 AM
#33


These days most profits come from internal matches, which are not subject to Mt. Gox fees or market spreads. Bitcoinica will continue relying on Mt. Gox, but will definitely be cheaper than Mt. Gox in the future. (And yes, I don't lose money still.)

Hey Zhou, I can see your online, thanks for rectifying the problem soon Smiley
Good luck!
vip
Activity: 490
Merit: 502
January 12, 2012, 06:55:40 AM
#32


These days most profits come from internal matches, which are not subject to Mt. Gox fees or market spreads. Bitcoinica will continue relying on Mt. Gox, but will definitely be cheaper than Mt. Gox in the future. (And yes, I don't lose money still.)
hero member
Activity: 616
Merit: 502
January 12, 2012, 06:18:48 AM
#31
Zhou doesn't lose any money, no matter if you all go long or not.*


*Barring slipping during liquidation, which could end you in a negative balance.
ok ok ... Grin
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
January 12, 2012, 06:13:08 AM
#30
Zhou doesn't lose any money, no matter if you all go long or not.*


*Barring slipping during liquidation, which could end you in a negative balance.
hero member
Activity: 616
Merit: 502
January 09, 2012, 10:34:45 AM
#29
At me a bit non-standard humour  Cheesy
sr. member
Activity: 448
Merit: 250
this statement is false
January 09, 2012, 10:30:30 AM
#28
Quote
The asterisk - because Zhou on the party of players, also doesn't want to lose money...   Wink
THIS !!!!!!!!




it's funny because no one really understands when naima posts anyway... Tongue
hero member
Activity: 616
Merit: 502
January 09, 2012, 10:24:04 AM
#27
Quote
The asterisk - because Zhou on the party of players, also doesn't want to lose money...   Wink
THIS !!!!!!!!


sr. member
Activity: 448
Merit: 250
this statement is false
January 09, 2012, 10:01:48 AM
#26
Quote
The asterisk - because Zhou on the party of players, also doesn't want to lose money...   Wink
THIS !!!!!!!!

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