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Topic: How many of you have been Zhoutonged? - page 16. (Read 26392 times)

sr. member
Activity: 336
Merit: 250
October 22, 2011, 08:43:12 PM
#10
@mjcmurfy: this thread is about short selling positions that have been automatically terminated (bought back) due to the rise in price today.

I know, but I felt inclined to point out that it is difficult to get liquidated if you earn the coins properly instead of spinning them around, gambling on a leveraged zero sum game. Maybe those getting screwed over by margin trading might have more luck investing in those bitcoin ponzi games that are so popular - at least with those they can only lose what they actually "invest", so at least thats a plus, right?

There seems to be no end to the means by which gullible people are getting robbed of their wealth. You all can keep gambling and "investing" and handing your money over to luckier idiots, but I think I will stick to the traditional method I outlined above.
legendary
Activity: 1036
Merit: 1002
October 22, 2011, 08:10:47 PM
#9
No its not you.  With so little liquidity, leverage, such wide spreads, a poor MtGox connection, and the potential to be zoutonged everyone loses.

A market where everyone loses doesn't seem very realistic to me. Where does the money go, all eaten by the magical Killa-Zilla?

@mjcmurfy: this thread is about short selling positions that have been automatically terminated (bought back) due to the rise in price today.

@thread: I don't think that short selling is large in Bitcoin, that's why nobody runs around screaming at the rise.
sr. member
Activity: 336
Merit: 250
October 22, 2011, 07:58:10 PM
#8
I have not lost a penny of my money, because I have not gambled any of it away.

I have obtained the total contents of my wallet through some early attempts at mining and then (the majority) by earning it through the provision of a service to the bitcoin community. So no matter the exchange rate to fiat, I still will have a net increase in my wealth quantified by the present and future purchasing power of bitcoin.

Bitcoin margin traders will learn the hard way how NOT to make money.
legendary
Activity: 1764
Merit: 1002
October 22, 2011, 07:46:00 PM
#7
I guess no one wants to admit it Cheesy


Didn't see this til now -- yeah, my $6 was liquidated also... took a looooong time.  I learned that I am horrible (so far) at trading.  (well, horrible at predicting price without any advice from professionals [other than s3052's public info])



No its not you.  With so little liquidity, leverage, such wide spreads, a poor MtGox connection, and the potential to be zhoutonged, everyone loses.
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
October 22, 2011, 06:58:22 PM
#6
I guess no one wants to admit it Cheesy


Didn't see this til now -- yeah, my $6 was liquidated also... took a looooong time.  I learned that I am horrible (so far) at trading.  (well, horrible at predicting price without any advice from professionals [other than s3052's public info])

donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
October 22, 2011, 06:33:52 PM
#5
I've been playing with the free dollar he gave me.  I'm up to $1.39.  I'd use the site with large amounts of my own capital if the spread was around 0.03 instead of 0.12.
hero member
Activity: 812
Merit: 1001
-
October 22, 2011, 06:20:04 PM
#4
I guess no one wants to admit it Cheesy


Lol, hundreds I bet. Most small time, though. Both shorts and longs. Kids do not know that playing with matches and margin is a bad idea.

legendary
Activity: 1764
Merit: 1002
October 22, 2011, 06:12:51 PM
#3
I guess no one wants to admit it Cheesy
hero member
Activity: 609
Merit: 501
peace
October 22, 2011, 03:53:50 PM
#2
I have Smiley
Put some back in and now have a realized profit of $90. Still lost overall for now.
I now trade positions smaller than my total bitcoin deposits.
Bitcoin is such a learning experience on many many levels.
legendary
Activity: 1764
Merit: 1002
October 22, 2011, 03:32:10 PM
#1
as in liquidated. Huh
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