Topic: Bitcoinica: 2,000 Users! Contest: Get 1 BTC for free! (Read 2509 times)

And.... i am now down $0.91... haha

I think it would be unfair on zhoutong if everybody started posting to get 1 BTC as he clearly stated the first 10 posts / people only

Bitcoin : the cutting edge in digital begging technology !

Great work by zhoutong to restore the service after the downtime with the Redis servers !

Thanks for your service! I'm happy 

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I got my BTC in my Bitcoinica account.  Thanks Zhou!  I have opened a position already. 

If anyone wants a hot trading tip: I am going long now, so you should probably do the opposite

Thanks for your approval of my actions. I needed that.

That's more like begging, but hey; whatever floats your boat!

Zhou is a cool guy... cant hurt to ask.

What part of "the first 10 entries" did you not understand?

any chance I can still get in on this action??

I will PM everyone a Bitcoinica BTC code today! Sorry for the wait!

Did anyone get their 1BTC as I did not seem to have got mine yet Blockchain seems up to date as well so I wonder what the problem could be.

I believe I am the final and 10th user ! 

The website is nice but I think you need to put like a glossary or something for the people that do not know or understand terms like "margin trading", "leverage", "stop order", "spread" etc. because it gets a little bit confusing over time for me and I believe, others too as well !

In rest, all is very nice and the fees are quite good but the terms and technical trade data is quite difficult for me to master. Maybe that is just because I am a trading newbie

I wish you and your company the best for the future, Mr. entrepreneur !

Thank you !

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Feelings: I'm sort of ambiguous.  I think that sometimes you run out of money, which isn't good, and I hate the withdrawal time, but I know you're not entirely responsible for that.  I hate the high spreads.  However, customer service is good and uptime is usually good.
Customer service: I love the customer service.  You once refunded me for a failed withdrawal and the losses that it incurred, which I'm grateful for.
What I use it for: I used to speculate actively on Bitcoinica, but lost too much money, so now I don't use it anymore
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Mostly toying with trading algorithms with a tiny amount of BTC. I must commend you on your API; the thing that mostly sets it apart is how well documented it is, though there aren't many implementations floating around - there's one in ruby, but that's all I've seen. I might release a Python implementation once I get it up to scratch.

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Overall I have lost money trading on Bitcoinica, but I still have a very positive feeling towards it.

Bitcoinica is a great way to learn the lingo of financial trading while being able set your risk level where you are comfortable with.

Before Bitcoinica launched, I had never traded anything before in my live, besides some simple market price transactions at Mt.Gox.  Now, I understand limit orders, stops, trailing stops and market orders.   I understand the implications of trading with leverage, and how this can be useful but risky.

The biggest thing I have learned using Bitcoinica is to fear and respect the invisible hand.  Markets, particularly those that trade Bitcoin, are inherently volatile and unpredictable.  It is a humbling experience to get short squeezed. Twice now, I have been almost certain: "This price is way too damn high, I am sure it will go down."  Eventually it does, but not before spiking up and wiping me out. 

I have learned that I prefer trading with lower leverage, so I can ride out more volatility.  10:1 leverage is nice, but it exposes you to getting wiped out quickly when the price moves against you.  Somewhere between 2.5 and 5 seems to be my favorite comfort range. 

Bitcoinica wallet deposit address: 1EjQAeRAbU6huJmW6m4bFWqKZFq2DGkGdh
(I promise I will lose any Bitcoin you give me trading on your site ).

Bitcoinica username same as here.

I like the site, but I think the spreads get a little too wide sometimes, when I can see enough volume on gox at .05, but the spread is still .15.

Otherwise, I've made a little money, and I'm still learning.

Haven't had a need to contact customer service, but it looks like hes active on the forums and responds pretty quick.

My feelings about your website :

Very professional design and clear to read ( much better than Gox )
Very nice color scheme in white

Did not have any problem with CS because I never had to use it till now.

I use Bitcoinica to trade and try and make some profit off the BTC market volatility swings.

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Thank you very much dear sir !

Your feelings about Bitcoinica - The first in the market - having to rely on bots to help me gain arbitrage sucks as compared to bitcoinica's service. A real lifesaver sometimes -  i can even out my losses.

Your story with Bitcoinica's customer service guys - zhoutong has been the only person i'm aware of as the customer service guy but he does quite good a job by maintaining presence at the forums - at least i know he wont rush away with our money so easily 

What do you use Bitcoinica for? - Even-ing out my losses in bitcoin and to obtain a general learning experience.

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Thanks!

I think Bitcoinica is a great site that offers an awesome service.  I wish more sites offered similar trading options.

I have never used Bitcoinica's customer service, but I have complimented them on their service and received a "thank you."

I use Bitcoinica for playing around trying to time the market.  Nothing too serious.  I would also consider using it to hedge against a large sale of something for BTC while waiting for the BTC transfer to take place.



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Your feelings about Bitcoinica - good product
Your story with Bitcoinica's customer service guys - I'm almost from the very beginning of the existence of the website.
What do you use Bitcoinica for? - fun

Wikarus

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