Topic: Bitcoinica - Advanced Bitcoin Trading Platform - page 22. (Read 51103 times)
Bitcoinica's prices have stopped updating. The "real" price at gox is 2.6 right now.
Anyone else's ticker stopped at bitcoinica ?
mine is stuck at 2.90..
mine is stuck at 2.90..
HOWEVER, you've got spreads, fees, and general fluctuation.
Spread is inclusive of all fees except those required to get your money in/out of Bitcoinica. Also, slippage.
My question was whether I can place a falling-stop higher than the current price which can only be triggered if my order is filled (I don't want my stop becoming a margin order).
But to your question, in theory yes, if you place a stop at the same price as your position, then if the market moves against you, you lose no money. HOWEVER, you've got spreads, fees, and general fluctuation. Spreads of 0.1 are not uncommon and you probably don't want to trigger a stop until a price movement is decisively against you. You could set your order, watch it for a while, then chase your gains with stops. That way you're only liquidating your position when the market reverses rather than while you are gaining.
If you are sure the price is going up, you buy at $3, then .1 under the bid should be fine. But unfortunately, that might be $2.7
But to your question, in theory yes, if you place a stop at the same price as your position, then if the market moves against you, you lose no money. HOWEVER, you've got spreads, fees, and general fluctuation. Spreads of 0.1 are not uncommon and you probably don't want to trigger a stop until a price movement is decisively against you. You could set your order, watch it for a while, then chase your gains with stops. That way you're only liquidating your position when the market reverses rather than while you are gaining.
If you are sure the price is going up, you buy at $3, then .1 under the bid should be fine. But unfortunately, that might be $2.7
Can a stoporder execute if I have no position? Suppose the price is $3 now, can I set a limit order at $4 and a stop at $3.5 which could only be triggered iff/after the $4 order is executed?
Yes, Im curious how exactly you place it.
Say I have a position of 10 buy at 3.00
do i add say a trailing stop of a sell of 10 at 3. to protect my initial investment ?
How much is a typical lower trail ?
Can a stoporder execute if I have no position? Suppose the price is $3 now, can I set a limit order at $4 and a stop at $3.5 which could only be triggered iff/after the $4 order is executed?
Why am I getting an application error!!! was working fine with Chrome for the last couple days!..
Well, it's an error caused by Heroku. (https://status.heroku.com/)
0% of downtime in this week was caused by Bitcoinica.
Sorry for the inconvenience!
Why am I getting an application error!!! was working fine with Chrome for the last couple days!..
Hi!
Just arrived to Bitcoinica with user BarbosaR.
Hope it isn't too late!
Just arrived to Bitcoinica with user BarbosaR.
Hope it isn't too late!
The battle is joined...the secret weapon is leverage. Operation Barbosa (and an R and a few other letters left out.)
Hi!
Just arrived to Bitcoinica with user BarbosaR.
Hope it isn't too late!
Just arrived to Bitcoinica with user BarbosaR.
Hope it isn't too late!
If I have 300BTC in my account and I go long with a position of 200 BTC @$3
Is it correct that I get kicked out at a price of $1,25 and below?
Thanks
Is it correct that I get kicked out at a price of $1,25 and below?
Thanks
Yes, roughly that. We display your account maintenance (in USD) in the sidebar. You can always check and confirm.
Always take consideration of your Bitcoin deposit. If Bitcoin drops your margin account will lose value.
So margin must stay above maintenance to avoid liquidation? Margin becoming lower than maintenance is the same as net value dropping below zero, isn't it?
How exactly is maintenance calculated?
If I have 300BTC in my account and I go long with a position of 200 BTC @$3
Is it correct that I get kicked out at a price of $1,25 and below?
Thanks
Is it correct that I get kicked out at a price of $1,25 and below?
Thanks
Yes, roughly that. We display your account maintenance (in USD) in the sidebar. You can always check and confirm.
Always take consideration of your Bitcoin deposit. If Bitcoin drops your margin account will lose value.
If I have 300BTC in my account and I go long with a position of 200 BTC @$3
Is it correct that I get kicked out at a price of $1,25 and below?
Thanks
Is it correct that I get kicked out at a price of $1,25 and below?
Thanks
Bitcoinica, are you preparing a press release about that unfortunate session key mishap?
...Yeah, this has happened several times to me. One time, I was zhoutong himself, and one time I was "donpepe" (don't know who that is).Thank you for your report about these problems. We were fully aware since the issues started.
It's indeed our fault that we have chosen the wrong partner (Heroku) to work with. Even though security is less of a problem, we are not able to control the system fully. Critical errors can't be logged either.
We have fixed this problem by disabling the cache (a temporary solution). Apparently Varnish was caching the cookies and it caused a lot of inconsistencies. Unfortunately, we were not aware and we couldn't do anything about it because we don't have any control.
0% of the downtime is caused by Bitcoinica in this month.
We don't plan to prepare a press release now because we are going to launch our next release soon. We have already chosen the new hosting provider and we will gain full control over system administrative matters. So this kind of problems can be easily found during testing stage.
Bitcoinica, are you preparing a press release about that unfortunate session key mishap?
...Yeah, this has happened several times to me. One time, I was zhoutong himself, and one time I was "donpepe" (don't know who that is).
Bitcoinica, are you preparing a press release about that unfortunate session key mishap?
It looks like withdrawing works. I just withdrew $10 to MtGox.
This. And I withdrew some btc a few hours ago. Worked like a charm, coins were sent instant.
I had trouble today withdrawing USD to code, but Zhoutong was on it instantly. I would suggest that if you have issues withdrawing at all, put in a ticket. He's very responsive.
Guys, someone please help a forex noob:
When my account only contains btc and no usd, and I go long, am I correct in that enforced liquidation would occur at the point when the net value hits zero? What does maintenance tell me and how is it calculated?
When my account only contains btc and no usd, and I go long, am I correct in that enforced liquidation would occur at the point when the net value hits zero? What does maintenance tell me and how is it calculated?
It looks like withdrawing works. I just withdrew $10 to MtGox.
This. And I withdrew some btc a few hours ago. Worked like a charm, coins were sent instant.
please make it possible to convert usd to btc and to withdraw them to a wallet.
i think your mtgox withdraw-waiting time is inacceptable.
(i know you have a problem with your yubikey, but please understand that this is your problem - not mine).
i think your mtgox withdraw-waiting time is inacceptable.
(i know you have a problem with your yubikey, but please understand that this is your problem - not mine).
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