People maxing out the leverage for longs again?lol wow oh boy.
the problem for you is this time the leverage is in the strong hands with plenty of margin.
Probably. We don't know for sure. For all we know the strong players may have been burned by leveraging long before watching the market plummet yesterday.
There is a simple and safer alternative to bitcoinica: use your own money. The market will receive fresh dollars/euros/whatever to sustain real rallies and speculators won't be crushed when the market suffers from temporary bouts of insanity. Don't have money to trade with and need bitcoinica? I would suggest these traders should stay away as they don't have any spare money to speculate with.
by definition, yesterdays volatility shook out all the weakest accounts. we've been in * mode most of the day as the strong, leftover accounts snapped up all the leverage. now they won't give it back until we're much higher.
If the smart (or lucky) money snapped up bitcoins on the cheap over the past 2 days and is now trying to sell them much higher, there's something we can do to screw them over: don't buy any higher priced bitcoins. Refuse to play their little game and keep our bids low (well below $6). They may cave in once they see bitcoin isn't going to the moon for quick profits.
