Is it safe to break out the 10:1? - page 2.

guruvan

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Quote from: RaggedMonk on March 28, 2012, 07:21:13 PM

edit: did some calculations - Want to force liquidate Atlas for the lulz? Just make the price drop to 4.254

sure you did the correct math? mine says it wouldn't take nearly that.

edit: found this https://bitcointalksearch.org/topic/bitcoinica-zhoutonging-price-formulae-unofficial-56797 < this has the formula for the zhoutonging price

(I love it zhoutong used that phrase!)

adamstgBit

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Quote from: RaggedMonk on March 28, 2012, 07:21:13 PM

POST OF THE DEVIL

seems to me hes just a kid that got in early and believed in btc so much so that he never sold out...
idk why he doesn't just stand up and say " I AM ATLAS! "
be proud Atlas!

RaggedMonk

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POST OF THE DEVIL

edit: did some calculations - Want to force liquidate Atlas for the lulz? Just make the price drop to 4.254

(Cheap! Just sell 80,000 Bitcoins!)

adamstgBit

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Quote from: Jon on March 28, 2012, 05:15:26 PM

My parents don't even know.

how long have you been holding all these coins?

guruvan

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Quote from: ineededausername on March 28, 2012, 05:14:25 PM

atlas, what's your total position? >1k BTC and <2k BTC or >10k BTC?

hmm.

ineededausername

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Quote from: Jon on March 28, 2012, 05:15:26 PM

My parents don't even know.

Hey Atlas, remember what you were saying about being a parasite? I think you should think about it... you might've been correct.

Jon

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My parents don't even know.

ineededausername

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atlas, what's your total position? >1k BTC and <2k BTC or >10k BTC?

mb300sd

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Quote from: notme on March 28, 2012, 05:12:48 PM

Quote from: ineededausername on March 28, 2012, 05:11:06 PM

Quote from: Jon on March 28, 2012, 05:08:40 PM

I am going to be a pompous rich ass:

113 BTC is nothing to me. I don't need to hedge that.

If it's nothing, then surely you don't mind sending me some coins

1PAChTQ1peVFGr6vjMN3XrCWvgbALyBhQ7

Me too... there's an address in my signature.

Same here

notme

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Quote from: ineededausername on March 28, 2012, 05:11:06 PM

Quote from: Jon on March 28, 2012, 05:08:40 PM

I am going to be a pompous rich ass:

113 BTC is nothing to me. I don't need to hedge that.

If it's nothing, then surely you don't mind sending me some coins

1PAChTQ1peVFGr6vjMN3XrCWvgbALyBhQ7

Me too... there's an address in my signature.

ineededausername

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bitcoin hundred-aire

Quote from: Jon on March 28, 2012, 05:08:40 PM

I am going to be a pompous rich ass:

113 BTC is nothing to me. I don't need to hedge that.

If it's nothing, then surely you don't mind sending me some coins

1PAChTQ1peVFGr6vjMN3XrCWvgbALyBhQ7

guruvan

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I know what it's like to be flat broke, as such I try to spend my money wisely.

Losing money is distasteful to me. I'm not a gambler, either. I like to place sure bets.

Jon

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I am going to be a pompous rich ass:

113 BTC is nothing to me. I don't need to hedge that.

guruvan

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LOL. This is just what I've been talking about.

that's a lot of risk on one position.

thats a lot of risk on one position backed only with BTC (you have no USD hedge against potential downside!)

In fact, there is not a lot of downside you can take in that account before you're liquidated.

I use 10:1 leverage so that my green bar hardly ever moves.

I cover the position in USD. The margin balance is calculated in USD. backing the balance with only BTC in the currency account significantly amplifies the drawdown.

Jon

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Quote from: Qoheleth on March 28, 2012, 04:56:42 PM

Quote from: Jon on March 28, 2012, 04:46:08 PM

I have not. However, my positions haven't been this risky before. I am only doing this because I am very certain.

So you have confidence in the good intentions of the person who put up the bidwall?

I mean, if it's a trap like it was the last couple times, this right here is a very juicy argument that it's time to spring it.

There are more factors than the bidwall. The net effect of the bidwall is a positive one, however. The intentions are moot.

Qoheleth

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Quote from: Jon on March 28, 2012, 04:46:08 PM

I have not. However, my positions haven't been this risky before. I am only doing this because I am very certain.

So you have confidence in the good intentions of the person who put up the bidwall?

I mean, if it's a trap like it was the last couple times, this right here is a very juicy argument that it's time to spring it.

Crypt_Current

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Quote from: Jon on March 28, 2012, 04:20:15 PM

I went 10:1. It's time, gentlemen.

Congrats! Can't win if you don't play.

Jon

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This minor slump is making me even more confident.

Jon

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Quote from: dopamine on March 28, 2012, 04:43:41 PM

curious have you been forced liquidated before? I say use 10:1 at any price this give more volatility to the market...

I have not. However, my positions haven't been this risky before. I am only doing this because I am very certain.

dopamine

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curious have you been forced liquidated before? I say use 10:1 at any price this give more volatility to the market...

Topic: Is it safe to break out the 10:1? - page 2. (Read 3709 times)