Can someone please explain leveraged transactions?

kokjo

legendary

Activity: 1050

Merit: 1000

You are WRONG!

Quote from: Omni on March 17, 2012, 05:01:28 PM

Hi,
I would like to learn more about how leverage works on Bitcoinica. For example, what collateral do they require before you can leverage your bet?

Thanks

you put in some btc(or usd), and you get some more only to trade with. if you make a wrong bet, you can lose all your money, instead of only some of it...
you can not withdraw the borrowed or leveraged money, and if you go under a certain point, your position will get liqidated.

higher risk, higher reward.

Otomakan Ishotas

newbie

Activity: 7

Merit: 0

Quote from: Omni on March 17, 2012, 05:01:28 PM

I would like to learn more about how leverage works on Bitcoinica.

Great! It works this way. If you even need to ask, you will lose all your money. Just a matter of time.

Omni

newbie

Activity: 42

Merit: 0

Hi,
I would like to learn more about how leverage works on Bitcoinica. For example, what collateral do they require before you can leverage your bet?

Thanks

Topic: Can someone please explain leveraged transactions? (Read 909 times)