Author

Topic: Offcl. Bitcoinica stmt: "No reserve" prbm will be fixed in a couple of hours (Read 1930 times)

newbie
Activity: 51
Merit: 0
legendary
Activity: 1400
Merit: 1005
My God I got so utterly wiped out by that crash and have a severe negative balance now! I had a few very pessimistic low buy limit orders and the crash made things a whole lot worse!

Was fun for a while but I lost so much more than I had gained in the last couple of months! A major warning on margin trading with such a crazy market!

The forced liquidation is a nightmare! I would have gained big time as it's already recovered now, well above my target price! But instead I got forced into a loss of several thousand percent! I can't even mention the amount that was worth! I feel like I paid for their liquidity problems personally! Anyone else?
I don't see how it is anyone's fault but your own?  You took extreme risks, and lost.

I didn't blame anyone, I know what risk means. But they could do with some responsive circuit breakers no ?
I'm not sure what you mean... They can't stop trading in it's tracks - Bitcoinica only follows what the current market price is.  And if that market price changes, there's not much to be done.
member
Activity: 76
Merit: 10
My God I got so utterly wiped out by that crash and have a severe negative balance now! I had a few very pessimistic low buy limit orders and the crash made things a whole lot worse!

Was fun for a while but I lost so much more than I had gained in the last couple of months! A major warning on margin trading with such a crazy market!

The forced liquidation is a nightmare! I would have gained big time as it's already recovered now, well above my target price! But instead I got forced into a loss of several thousand percent! I can't even mention the amount that was worth! I feel like I paid for their liquidity problems personally! Anyone else?

The forced liquidation is necessary. Otherwise: who would cover even greater losses?

You are being lent money to speculate with. Should you speculate badly, the emergency brake has to be used at the point where your own funds are still sufficient to protect the lender's money.

If you don't want to get liquidated, you can always use your own money. Oh, and if it werent for the "crazy market", you wouldn't have gained so much in earlier months, right?

Maybe I misunderstand something, though...

No your right of course, probably only the losers will learn though!
member
Activity: 76
Merit: 10
Given the price of the last few months, I really didn't think that having limit orders buying so low risky at all! But the losses make gains over the last few months look like peanuts!
donator
Activity: 2772
Merit: 1019
My God I got so utterly wiped out by that crash and have a severe negative balance now! I had a few very pessimistic low buy limit orders and the crash made things a whole lot worse!

Was fun for a while but I lost so much more than I had gained in the last couple of months! A major warning on margin trading with such a crazy market!

The forced liquidation is a nightmare! I would have gained big time as it's already recovered now, well above my target price! But instead I got forced into a loss of several thousand percent! I can't even mention the amount that was worth! I feel like I paid for their liquidity problems personally! Anyone else?

The forced liquidation is necessary. Otherwise: who would cover even greater losses?

You are being lent money to speculate with. Should you speculate badly, the emergency brake has to be used at the point where your own funds are still sufficient to protect the lender's money.

If you don't want to get liquidated, you can always use your own money. Oh, and if it werent for the "crazy market", you wouldn't have gained so much in earlier months, right?

Maybe I misunderstand something, though...
member
Activity: 76
Merit: 10
My God I got so utterly wiped out by that crash and have a severe negative balance now! I had a few very pessimistic low buy limit orders and the crash made things a whole lot worse!

Was fun for a while but I lost so much more than I had gained in the last couple of months! A major warning on margin trading with such a crazy market!

The forced liquidation is a nightmare! I would have gained big time as it's already recovered now, well above my target price! But instead I got forced into a loss of several thousand percent! I can't even mention the amount that was worth! I feel like I paid for their liquidity problems personally! Anyone else?
I don't see how it is anyone's fault but your own?  You took extreme risks, and lost.

I didn't blame anyone, I know what risk means. But they could do with some responsive circuit breakers no ?
legendary
Activity: 1400
Merit: 1005
My God I got so utterly wiped out by that crash and have a severe negative balance now! I had a few very pessimistic low buy limit orders and the crash made things a whole lot worse!

Was fun for a while but I lost so much more than I had gained in the last couple of months! A major warning on margin trading with such a crazy market!

The forced liquidation is a nightmare! I would have gained big time as it's already recovered now, well above my target price! But instead I got forced into a loss of several thousand percent! I can't even mention the amount that was worth! I feel like I paid for their liquidity problems personally! Anyone else?
I don't see how it is anyone's fault but your own?  You took extreme risks, and lost.
member
Activity: 76
Merit: 10
My God I got so utterly wiped out by that crash and have a severe negative balance now! I had a few very pessimistic low buy limit orders and the crash made things a whole lot worse!

Was fun for a while but I lost so much more than I had gained in the last couple of months! A major warning on margin trading with such a crazy market!

The forced liquidation is a nightmare! I would have gained big time as it's already recovered now, well above my target price! But instead I got forced into a loss of several thousand percent! I can't even mention the amount that was worth! I feel like I paid for their liquidity problems personally! Anyone else?
sr. member
Activity: 893
Merit: 250
newbie
Activity: 51
Merit: 0
Still a consistent problem the last couple days.
sr. member
Activity: 270
Merit: 250
is this why my buy [email protected]$ isn't getting filled when the listed buy price has been as low as 6.6$?
donator
Activity: 2772
Merit: 1019
an here we go again, "no reserve" on my buy orders
full member
Activity: 132
Merit: 100
Ripple
The problem is resolved.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
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