I got a MASSIVE Zhoutonged...
I mean: I got my BTC deposit liquidated (not a normal position, be it short or long).
Without warning, and it does not show on the logs.
300+ BTC
If you just leave your BTC deposit like that everything will be fine. When you owed Bitcoinica over $1,000 and your BTC deposit is dropping in value, why would you expect a warning.
I have already apologized for the logging problem. (The ledger was not designed in our system yet.) If remembered correctly, your deposits were liquidated at the price higher than $3. You should buy now instead of complaining.
It may not be a good price, but what were you doing when there was a good price?
Bitcoinica is not the place for you to owe USD and hold BTC indefinitely. It may be wrong to you, but the market is always correct.
I expected a warning because it was nowhere informed that his could be done, only that.
And sorry being being a asshole, I am upset of how you handled stuff, but this does not give me the right to keep annoying you.
when i get into an margin call situation with Fidelity that might be due today for example, i get a telephone call in the morning warning me to settle my acct up on my own by the end of the day, or else they'll do it for me.
Yes, but they can sue you if you owe money.
What protection does Bitcoinica have?
Greater power comes with greater responsibility. You are in control of your own positions. There are lot of people out there who never got their positions liquidated even when prices move a lot.
We support instant deposits via Mt. Gox, and even if it's funded by Bitcoin and the transaction took some time to deposit and your account got liquidated before confirmations, we will reverse the liquidation for you. What else can you ask for?
You can say 100 things bad about Bitcoinica, but trust me, it's not worth your time.
Our net BTC position is over 5 digits. What short squeeze?! It's just you plain silly assumption.
