Major correction to rally coming... - page 4.

Mushoz

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Quote from: mjcmurfy on December 28, 2011, 07:12:08 PM

Quote from: ineededausername on December 28, 2011, 07:09:57 PM

Repost:
https://bitcointalksearch.org/topic/offcl-bitcoinica-stmt-no-reserve-prbm-will-be-fixed-in-a-couple-of-hours-55931
Official Bitcoinica statement: they aren't actually out of funds, and the problem will be fixed in a couple of hours.

Why is the official bitcoinica line coming via you and not bitcoinica themselves? Did you contact them about this or did you hear about it elsewhere? So is this for sure a software problem? I wonder if they are going to 'fix' it by selling a ton of btc.

Well, the statement says they aren't actually out of money, so they shouldn't have to sell BTC.

mjcmurfy

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Quote from: ineededausername on December 28, 2011, 07:09:57 PM

Repost:
https://bitcointalksearch.org/topic/offcl-bitcoinica-stmt-no-reserve-prbm-will-be-fixed-in-a-couple-of-hours-55931
Official Bitcoinica statement: they aren't actually out of funds, and the problem will be fixed in a couple of hours.

Why is the official bitcoinica line coming via you and not bitcoinica themselves? Did you contact them about this or did you hear about it elsewhere? So is this for sure a software problem? I wonder if they are going to 'fix' it by selling a ton of btc.

ineededausername

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Repost:
https://bitcointalksearch.org/topic/offcl-bitcoinica-stmt-no-reserve-prbm-will-be-fixed-in-a-couple-of-hours-55931
Official Bitcoinica statement: they aren't actually out of funds, and the problem will be fixed in a couple of hours.

mjcmurfy

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The only way to fix this is involves selling a large amount of btc in order to restore bitcoinica's USD reserve.
I think that bid wall is going to get eaten up pretty soon.

rebuilder

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Quote from: ineededausername on December 28, 2011, 06:20:20 PM

zhoutong better fix this ASAP.

How? If Bitcoinica's out of USD, they either need to get a loan somewhere or some longs need to be liquidated. Before long, the latter will happen, but it's an interesting question how the folks left hanging onto their shorts will be dealt with if the rates go up before things balance out.

Or am I completely missing something here?

ineededausername

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zhoutong better fix this ASAP.

smickles

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Quote from: Mushoz on December 28, 2011, 05:59:03 PM

Here's two orders. One I tried to go long for 1BTC, which didn't work. Then I went short for 0.1BTC as a test, which did work. When I tried to liquidate the position, another order of 0.1BTC showed up, which again isn't able to go through.

Mushoz

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Quote from: rebuilder on December 28, 2011, 06:00:26 PM

Quote from: Mushoz on December 28, 2011, 05:53:45 PM

Nope. And there seem to be more people with the same problem: http://help.bitcoinica.com/discussions/questions/48-no-reserve

Looks like their entire balance is currently in BTC, preventing everyone from going long or from liquidating their shorts...

Huh, and I was just wondering why the volume on Mt. Gox is so low despite the interesting situation. Just how much of the trading on Gox does Bitcoinica drive these days?

They are responsible for roughly 1/4 to 1/3 of Mtgox's volume.

rebuilder

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Quote from: Mushoz on December 28, 2011, 05:53:45 PM

Nope. And there seem to be more people with the same problem: http://help.bitcoinica.com/discussions/questions/48-no-reserve

Looks like their entire balance is currently in BTC, preventing everyone from going long or from liquidating their shorts...

Huh, and I was just wondering why the volume on Mt. Gox is so low despite the interesting situation. Just how much of the trading on Gox does Bitcoinica drive these days?

Mushoz

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Here's two orders. One I tried to go long for 1BTC, which didn't work. Then I went short for 0.1BTC as a test, which did work. When I tried to liquidate the position, another order of 0.1BTC showed up, which again isn't able to go through.

ineededausername

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Quote from: Mushoz on December 28, 2011, 05:53:45 PM

Quote from: cypherdoc on December 28, 2011, 05:51:42 PM

Quote from: Mushoz on December 28, 2011, 05:50:07 PM

Quote from: notme on December 28, 2011, 05:16:35 PM

Quote from: Mushoz on December 28, 2011, 05:09:46 PM

Is it just me, or can't I buy more Bitcoins on Bitcoinica to go long with? It says "No Reserve" when I place an order. Are so many people long that it actually drained their Mtgox account completely from all their USD? :p Roll Eyes

Pretty Bullish sign isn't it?

If that's the case, it indicates bullishness among bitcoinica users, but it is a tempting opportunity for anyone with the funds to try and squeeze those longs.

What the hell. A friend of mine can't even liquidate his short because of the "no reserve" error. Sucks being stuck with a short if you think the market is going to go up...

Are you kidding me?

Nope. And there seem to be more people with the same problem: http://help.bitcoinica.com/discussions/questions/48-no-reserve

Looks like their entire balance is currently in BTC, preventing everyone from going long or from liquidating their shorts...

hahahahahaha! bullish sign. When zhoutong gets more float, we are going to see a massive spike.

Mushoz

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Quote from: cypherdoc on December 28, 2011, 05:51:42 PM

Quote from: Mushoz on December 28, 2011, 05:50:07 PM

Quote from: notme on December 28, 2011, 05:16:35 PM

Quote from: Mushoz on December 28, 2011, 05:09:46 PM

Is it just me, or can't I buy more Bitcoins on Bitcoinica to go long with? It says "No Reserve" when I place an order. Are so many people long that it actually drained their Mtgox account completely from all their USD? :p Roll Eyes

Pretty Bullish sign isn't it?

If that's the case, it indicates bullishness among bitcoinica users, but it is a tempting opportunity for anyone with the funds to try and squeeze those longs.

What the hell. A friend of mine can't even liquidate his short because of the "no reserve" error. Sucks being stuck with a short if you think the market is going to go up...

Are you kidding me?

Nope. And there seem to be more people with the same problem: http://help.bitcoinica.com/discussions/questions/48-no-reserve

Looks like their entire balance is currently in BTC, preventing everyone from going long or from liquidating their shorts...

smickles

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Quote from: Mushoz on December 28, 2011, 05:50:07 PM

Quote from: notme on December 28, 2011, 05:16:35 PM

Quote from: Mushoz on December 28, 2011, 05:09:46 PM

Is it just me, or can't I buy more Bitcoins on Bitcoinica to go long with? It says "No Reserve" when I place an order. Are so many people long that it actually drained their Mtgox account completely from all their USD? :p Roll Eyes

Pretty Bullish sign isn't it?

If that's the case, it indicates bullishness among bitcoinica users, but it is a tempting opportunity for anyone with the funds to try and squeeze those longs.

What the hell. A friend of mine can't even liquidate his short because of the "no reserve" error. Sucks being stuck with a short if you think the market is going to go up...

This would be upsetting if it weren't hearsay

cypherdoc

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Quote from: Mushoz on December 28, 2011, 05:50:07 PM

Quote from: notme on December 28, 2011, 05:16:35 PM

Quote from: Mushoz on December 28, 2011, 05:09:46 PM

Is it just me, or can't I buy more Bitcoins on Bitcoinica to go long with? It says "No Reserve" when I place an order. Are so many people long that it actually drained their Mtgox account completely from all their USD? :p Roll Eyes

Pretty Bullish sign isn't it?

If that's the case, it indicates bullishness among bitcoinica users, but it is a tempting opportunity for anyone with the funds to try and squeeze those longs.

What the hell. A friend of mine can't even liquidate his short because of the "no reserve" error. Sucks being stuck with a short if you think the market is going to go up...

Are you kidding me?

Mushoz

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Bitbuy

Quote from: notme on December 28, 2011, 05:16:35 PM

Quote from: Mushoz on December 28, 2011, 05:09:46 PM

Is it just me, or can't I buy more Bitcoins on Bitcoinica to go long with? It says "No Reserve" when I place an order. Are so many people long that it actually drained their Mtgox account completely from all their USD? :p Roll Eyes

Pretty Bullish sign isn't it?

If that's the case, it indicates bullishness among bitcoinica users, but it is a tempting opportunity for anyone with the funds to try and squeeze those longs.

What the hell. A friend of mine can't even liquidate his short because of the "no reserve" error. Sucks being stuck with a short if you think the market is going to go up...

notme

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Quote from: Mushoz on December 28, 2011, 05:09:46 PM

Is it just me, or can't I buy more Bitcoins on Bitcoinica to go long with? It says "No Reserve" when I place an order. Are so many people long that it actually drained their Mtgox account completely from all their USD? :p Roll Eyes

Pretty Bullish sign isn't it?

If that's the case, it indicates bullishness among bitcoinica users, but it is a tempting opportunity for anyone with the funds to try and squeeze those longs.

smickles

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Activity: 446

Merit: 250

My oscillator is showing some scary divergence on the 480 minute chart, and has almost established a peak on the daily chart Sad

I wonder if that means the rally is almost over.

Mushoz

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Bitbuy

Is it just me, or can't I buy more Bitcoins on Bitcoinica to go long with? It says "No Reserve" when I place an order. Are so many people long that it actually drained their Mtgox account completely from all their USD? :p Roll Eyes

Pretty Bullish sign isn't it?

Mousepotato

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