If getting 'zhoutonged' means getting reamed using Bitcoinica, what would be a good word for doubling one's money on the same platform?
That of course would be referred to as "Being zhoutong".
Topic: How many of you have been Zhoutonged? - page 10. (Read 26392 times)
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If getting 'zhoutonged' means getting reamed using Bitcoinica, what would be a good word for doubling one's money on the same platform?
That of course would be referred to as "Being zhoutong".
hehehe
If getting 'zhoutonged' means getting reamed using Bitcoinica, what would be a good word for doubling one's money on the same platform?
degnotuohz
If getting 'zhoutonged' means getting reamed using Bitcoinica, what would be a good word for doubling one's money on the same platform?
I bet proudhon got Zhoutonged today 
I think he lost his shorts on his shorts
I think he lost his shorts on his shorts
Chinese slang... ?
depends on how much twang you use with the slang. as in Zhoutaaawnnnnged
Chinese slang... ?
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I thought this might be a necessary addition.
http://www.urbandictionary.com/define.php?term=zhoutonged
http://www.urbandictionary.com/define.php?term=zhoutonged
I suppose if you expect the price to keep going up, liquidating at a loss might make sense. Me, I'm currently down 4% but I expect some time in the next month I'll be able to buy back in at a profit. The only way I would get force liquidated for a loss is if prices go above $6, and at that point my mining income would more than make up for the loss, even if difficulty were to double.
I hit liquidate manually. You are right, I wasn't leveraged, that's why I said 1:1. Still not good enough at Bitcoinica style trading to go above my actual margin.
time to get this thread going again.
so who got Zhoutawnged today?
Me...sonofabiatch. Attempt to play down: Wasn't leveraged more than 1:1, didn't get a margin call, just liquidated at 12% loss...dangit.so who got Zhoutawnged today?
wait, 1:1 isn't leverage. why'd you get liquidated? my broker, Fidelity, calls me the morning of when i'm in a margin call and warns me to cover it by the next days afternoon so i have a chance to get my acct in order.
must suck to get liquidated by a <18 yo.
time to get this thread going again.
so who got Zhoutawnged today?
Me...sonofabiatch. Attempt to play down: Wasn't leveraged more than 1:1, didn't get a margin call, just liquidated at 12% loss...dangit. so who got Zhoutawnged today?
time to get this thread going again.
so who got Zhoutawnged today?
so who got Zhoutawnged today?
I just think we need some modern day robin hoods. Kill and steal from the rich to give to the poor (yes the historical version is much more brutal than the disney one). Maybe then they will think twice about supressing their subjects and subjecting them to abject poverty. Either way I am on neither side of the fence for now unless you count my RPP in which the rich bastards I work for match 100% of my contibutions which I would be stupid not to max out lol.
http://en.wikipedia.org/wiki/Collectivization_in_the_Soviet_Union
It was pretty messy, caused much suffering and death, didn't make the poor any richer and the rich (those who lived on through political connections) didn't get any poorer.
exactly. sad story of big failures.
I missed this when you posted it. I suppose you are inferring that the market sentiment is now going bullish?
It's hard to believe, bit in Bitcoin nothing is impossible.
Wasn't it about a month ago that BTC value rose 80% in a couple of weeks? I would suspect that more and more people who are gambling types will be shifting their bets something like that happening again. Far from being a big surprise that it might be happening, I figured that most everyone was just questioning when.
I just think we need some modern day robin hoods. Kill and steal from the rich to give to the poor (yes the historical version is much more brutal than the disney one). Maybe then they will think twice about supressing their subjects and subjecting them to abject poverty. Either way I am on neither side of the fence for now unless you count my RPP in which the rich bastards I work for match 100% of my contibutions which I would be stupid not to max out lol.
http://en.wikipedia.org/wiki/Collectivization_in_the_Soviet_Union
It was pretty messy, caused much suffering and death, didn't make the poor any richer and the rich (those who lived on through political connections) didn't get any poorer.
After the whole craziness, a dead cross appeared. (15-min)
Hourly is still fine.
Hourly is still fine.
I missed this when you posted it. I suppose you are inferring that the market sentiment is now going bullish?
It's hard to believe, bit in Bitcoin nothing is impossible.
So the little spike up to $2.50 that we just saw, did that take out a bunch of short orders? Maybe Bitcoinica caused it, since the price has now dropped back down almost to where it started 15 minutes ago.
Nah, that was someone trying to troll all the shorts. I hope none of you were liquidated and that you're hanging on.
We have decreased the default leverage, so volatility like this doesn't hurt most people. But some guys requested a change-back...
About 1/4 to 1/3 of the trades you see are from Bitcoinica. We tried to randomize our price and amount, but the pattern is still quite obvious. There are a lot of limit orders and stop orders at the price range, so we didn't hedge too much.
When will people learn not to use their maximum leverage? Max leverage = lower risk tolerance. Leave some breathing room, guys! Jeeze..
It's kind of sad that most brokers encourage their clients to use leverage, simply for more commission profits. We're terribly trained by our bankers and brokers.
Well then I guess its a good thing I dont trust bankers nor do I have a broker. The bankers used to make a lot of money off me but as of 2 weeks from now it will be a net loss to them and for the last several months it has been less than $3. If you do not have the currency to spend then you should not be spending it. Period.
The problem is, savings is evil (inflation), and credit is also evil (interest rates).
Fiat currencies are for economic growth, but they are invented for the rich.
Taking money from the poor and distribute it to the rich is good for economic growth, because the rich is good at making money for the country, therefore they technically deserve more economic power. We all hate it but it's just a sad truth.
It's hard to come up with an alternative. That's why government is a mess.
karl marx/friedrich engels
http://en.wikipedia.org/wiki/Historical_materialism
http://en.wikipedia.org/wiki/Primitive_accumulation_of_capital
...
Taking money from the poor and distribute it to the rich is good for economic growth, because the rich is good at making money for the country, therefore they technically deserve more economic power. We all hate it but it's just a sad truth.
Taking money from the poor and distribute it to the rich is good for economic growth, because the rich is good at making money for the country, therefore they technically deserve more economic power. We all hate it but it's just a sad truth.
This is a cyclically stable solution when interspersed with various jubilees, pogroms, and the like.
I could see an argument that such a system provide the highest percentage of 'good times' in that life is generally more enjoyable in a rising economy, so if one has a saw-tooth pattern with very steep leading edges, that can be a good thing.
Although the gradual ascents phases represent periods of time when the majority are loosing their wealth to the wealthy, the wealth make life tolerable for peeps in order to facilitate the wealth transfer and get the peeps excited about various projects...like wars and such.
It's hard to come up with an alternative. That's why government is a mess.
Or it could be that government is such a mess in order to make it hard to come up with alternatives...
So the little spike up to $2.50 that we just saw, did that take out a bunch of short orders? Maybe Bitcoinica caused it, since the price has now dropped back down almost to where it started 15 minutes ago.
Nah, that was someone trying to troll all the shorts. I hope none of you were liquidated and that you're hanging on.
We have decreased the default leverage, so volatility like this doesn't hurt most people. But some guys requested a change-back...
About 1/4 to 1/3 of the trades you see are from Bitcoinica. We tried to randomize our price and amount, but the pattern is still quite obvious. There are a lot of limit orders and stop orders at the price range, so we didn't hedge too much.
When will people learn not to use their maximum leverage? Max leverage = lower risk tolerance. Leave some breathing room, guys! Jeeze..
It's kind of sad that most brokers encourage their clients to use leverage, simply for more commission profits. We're terribly trained by our bankers and brokers.
Well then I guess its a good thing I dont trust bankers nor do I have a broker. The bankers used to make a lot of money off me but as of 2 weeks from now it will be a net loss to them and for the last several months it has been less than $3. If you do not have the currency to spend then you should not be spending it. Period.
The problem is, savings is evil (inflation), and credit is also evil (interest rates).
Fiat currencies are for economic growth, but they are invented for the rich.
Taking money from the poor and distribute it to the rich is good for economic growth, because the rich is good at making money for the country, therefore they technically deserve more economic power. We all hate it but it's just a sad truth.
It's hard to come up with an alternative. That's why government is a mess.
I just think we need some modern day robin hoods. Kill and steal from the rich to give to the poor (yes the historical version is much more brutal than the disney one). Maybe then they will think twice about supressing their subjects and subjecting them to abject poverty. Either way I am on neither side of the fence for now unless you count my RPP in which the rich bastards I work for match 100% of my contibutions which I would be stupid not to max out lol.
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