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Topic: Bitcoin needs more short-term speculators and a new bitcoinica clone - page 2. (Read 2986 times)

hero member
Activity: 812
Merit: 1006
I'm a speculator, and if mtgox offered leveraged trading, Id probably use it. I wouldn't trust a newer service though.

I'm pretty sure that mtgox isn't going to offer leverage at least in years, they make enough dough with their current business model, and their software seems to be pretty crappy (they can't add new features very easily since it is badly designed).

However if a new service would come, perhaps you could risk a few btc to try the service out? Eg. Test the functionality and that withdrawals are working, then maybe try risking it with higher sums?
hero member
Activity: 504
Merit: 500
I'm a speculator, and if mtgox offered leveraged trading, Id probably use it. I wouldn't trust a newer service though.
fair enough, I've only put in a couple of bitcoins myself to learn all of its features (I'm up a bit since shorting from 14 to 12, and then got some at 13 again)
hero member
Activity: 700
Merit: 500
daytrader/superhero
I'm a speculator, and if mtgox offered leveraged trading, Id probably use it. I wouldn't trust a newer service though.
legendary
Activity: 2940
Merit: 1090
I think I can handle the getting hacked risk using Open Transactions, but I am not yet convinced that any of the leverage/shorting services were actually viable; possibly people keep finding out its a recipe for disaster thus pretend to be hacked as their excuse for failing horribly.

I would very much like a very sure and certain and clear method of how exactly to safely and securely do it.

Right at the start the very idea that someone is going to loan you their precious bitcoins for you to use to force down the value of bitcoins seems somewhat weird...

-MarkM-
hero member
Activity: 812
Merit: 1006
https://icbit.se/ work for you?

Just trying it out. The UI really sucks ass, using the site seems pretty painful. I just registered an account logged in, and now I want to trade, and now it is asking for my login details again when I want to trade.
hero member
Activity: 504
Merit: 500
newbie
Activity: 14
Merit: 0
BitDayTrade just opened up to offer this. It got hacked and closed down shortly after launch.
hero member
Activity: 812
Merit: 1006
Skilled short-term speculators buy low and sell high, making the price more stable in the longer term. Stability makes the currency more useful.

Also speculators need leverage so that they can benefit from their skills. So a bitcoinica clone is needed. Anyone working on this, or are there already tools for these?
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