Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24528.

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: ?? on ??

Quote from: podyx on November 15, 2014, 12:04:06 AM

Quote from: marcus_of_augustus on November 14, 2014, 11:55:47 PM

House rules ... you give them your fiat money or your coinz you play by their rules. And all exchanges are like loaded casinos, house always wins.

Unbelievable with an asset like bitcoin, the first digital asset of its kind to allow circumvention of having to deal with crappy house rules people think they are going to beat the house by trading.

Take the coins of the table and leave the house is the only way you can win this game and bitcoin allows you to do this for the first time.

Can you explain please?

What exchange are you on?

Have you asked them why your position got closed yet?

OKcoin

Haven't asked them yet

OKCoin is the shit thus far.

Buy buy buy!

Back to $420

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: Torque on November 14, 2014, 09:45:13 AM

Lemme help some of you new guys out. Whenever you see things like market price setting at a fake number like $399.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.

You're welcome.

_{(I hate this stupid market, but still hodl for life)}

Ahem.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: ?? on ??

Quote from: marcus_of_augustus on November 14, 2014, 11:55:47 PM

House rules ... you give them your fiat money or your coinz you play by their rules. And all exchanges are like loaded casinos, house always wins.

Unbelievable with an asset like bitcoin, the first digital asset of its kind to allow circumvention of having to deal with crappy house rules people think they are going to beat the house by trading.

Take the coins of the table and leave the house is the only way you can win this game and bitcoin allows you to do this for the first time.

So they can just take my money how they want?

Hey dude, I realize I was kinda flippant before, and I edited my post as soon as I realized what an ass I was being.

Here's the lesson to take away from this experience.

When you give control of your money to a third party, you expose yourself to counterparty risk.

What you experienced is similar to what happened to many people when any number of exchanges, or hosted wallets have failed.

The most important lessons that must be learned are about the core of money and what it means.

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: marcus_of_augustus on November 14, 2014, 11:55:47 PM

House rules ... you give them your fiat money or your coinz you play by their rules. And all exchanges are like loaded casinos, house always wins.

Unbelievable with an asset like bitcoin, the first digital asset of its kind to allow circumvention of having to deal with crappy house rules people think they are going to beat the house by trading.

Take the coins of the table and leave the house is the only way you can win this game and bitcoin allows you to do this for the first time.

Can you explain please?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: akujin on November 14, 2014, 11:53:48 PM

Quote from: podyx on November 14, 2014, 11:51:18 PM

Quote from: shmadz on November 14, 2014, 11:50:01 PM

No.

I'm simply trying to explain that there is no spoon.

Can you please be serious and explain cuz I have no idea what the fuck just has happend, and lost alot of money for no reason at all

Post
How many positions did you open?

This was about a long 20x leverage position that I did at $375

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: ?? on ??

Quote from: shmadz on November 14, 2014, 11:47:20 PM

Quote from: podyx on November 14, 2014, 11:41:23 PM

Quote from: shmadz on November 14, 2014, 11:40:49 PM

Quote from: podyx on November 14, 2014, 11:33:33 PM

WOW, my leveraged long seems to be gotten margin called at 382??? (we hit 381.998 but it wasn't supposed to be margin called till 358)

It said it would get margin called at 358?? What the fuck has happend??

Welcome to derivatives 101

Take heart tho, it's not a lesson that can be taught. It must be learned.

What?? My average price was 375 and I get margin called at 382? Huh

Exactly. You learn quick!

You did not own the asset, you owned a claim on the asset.

Paper shenanigans, and it sucks, but that's what you get, and that is how their system works.

What the fuck are you saying??
Are you saying some asshole decided he did not want to lend out any usd for me anymore? And he managed to do this AT THE SPLIT FUCKING SECOND we were at 382??

House rules ... you give them your fiat money or your coinz you play by their rules. And all exchanges are like loaded casinos, house always wins.

Unbelievable with an asset like bitcoin, the first digital asset of its kind to allow circumvention of having to deal with crappy house rules people think they are going to beat the house by trading.

Take the coins of the table and leave the house is the only way you can win this game and bitcoin allows you to do this for the first time.

akujin

sr. member

Activity: 336

Merit: 250

Quote from: podyx on November 14, 2014, 11:51:18 PM

Quote from: shmadz on November 14, 2014, 11:50:01 PM

No.

I'm simply trying to explain that there is no spoon.

Can you please be serious and explain cuz I have no idea what the fuck just has happend, and lost alot of money for no reason at all

How many positions did you open?

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: shmadz on November 14, 2014, 11:50:01 PM

No.

I'm simply trying to explain that there is no spoon.

Can you please be serious and explain cuz I have no idea what just has happend, and lost alot of money for no reason at all

hyphymikey

hero member

Activity: 784

Merit: 1000

Quote from: ?? on ??

Quote from: shmadz on November 14, 2014, 11:47:20 PM

Quote from: podyx on November 14, 2014, 11:41:23 PM

Quote from: shmadz on November 14, 2014, 11:40:49 PM

Quote from: podyx on November 14, 2014, 11:33:33 PM

WOW, my leveraged long seems to be gotten margin called at 382??? (we hit 381.998 but it wasn't supposed to be margin called till 358)

It said it would get margin called at 358?? What the fuck has happend??

Welcome to derivatives 101

Take heart tho, it's not a lesson that can be taught. It must be learned.

What?? My average price was 375 and I get margin called at 382? Huh

Exactly. You learn quick!

You did not own the asset, you owned a claim on the asset.

Paper shenanigans, and it sucks, but that's what you get, and that is how their system works.

What the fuck are you saying??
Are you saying some asshole decided he did not want to lend out any usd for me anymore? And he managed to do this AT THE SPLIT FUCKING SECOND we were at 382??

What website was this on?

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Would the ripple fans please help me understand it?

Ripple is a system, based on cryptocurrency ideas but centralized, that banks can use for international remittances and interbank transfers of national currencies.

Ripple (XRP) is also the name of an altcoin, created by the same company that is developing the Ripple system; it is somewhat linked to the system, but is not a necessary part of the system, and probably will not be used by the banks that will use the system.

Is the above correct?

Thanks...

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: ?? on ??

Quote from: shmadz on November 14, 2014, 11:47:20 PM

Quote from: podyx on November 14, 2014, 11:41:23 PM

Quote from: shmadz on November 14, 2014, 11:40:49 PM

Quote from: podyx on November 14, 2014, 11:33:33 PM

WOW, my leveraged long seems to be gotten margin called at 382??? (we hit 381.998 but it wasn't supposed to be margin called till 358)

It said it would get margin called at 358?? What the fuck has happend??

Welcome to derivatives 101

Take heart tho, it's not a lesson that can be taught. It must be learned.

What?? My average price was 375 and I get margin called at 382? Huh

Exactly. You learn quick!

You did not own the asset, you owned a claim on the asset.

Paper shenanigans, and it sucks, but that's what you get, and that is how their system works.

What the fuck are you saying??
Are you saying some asshole decided he did not want to lend out any usd for me anymore? And he managed to do this AT THE SPLIT FUCKING SECOND we were at 382??

No.

I'm simply trying to explain that there is no spoon.

Edit: ok I'm sorry, that was terrible.

When you give control of your money to a third party, you expose yourself to counterparty risk.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: podyx on November 14, 2014, 11:41:23 PM

Quote from: shmadz on November 14, 2014, 11:40:49 PM

Quote from: podyx on November 14, 2014, 11:33:33 PM

WOW, my leveraged long seems to be gotten margin called at 382??? (we hit 381.998 but it wasn't supposed to be margin called till 358)

It said it would get margin called at 358?? What the fuck has happend??

Welcome to derivatives 101

Take heart tho, it's not a lesson that can be taught. It must be learned.

What?? My average price was 375 and I get margin called at 382? Huh

Exactly. You learn quick!

You did not own the asset, you owned a claim on the asset.

Paper shenanigans, and it sucks, but that's what you get, and that is how their system works.

SkyValeey

hero member

Activity: 560

Merit: 500

Don't take drugs when trading

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: shmadz on November 14, 2014, 11:40:49 PM

Quote from: podyx on November 14, 2014, 11:33:33 PM

WOW, my leveraged long seems to be gotten margin called at 382??? (we hit 381.998 but it wasn't supposed to be margin called till 358)

It said it would get margin called at 358?? What the fuck has happend??

Welcome to derivatives 101

Take heart tho, it's not a lesson that can be taught. It must be learned.

What?? My average price was 375 and I get margin called at 382? Huh

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: podyx on November 14, 2014, 11:33:33 PM

WOW, my leveraged long seems to be gotten margin called at 382??? (we hit 381.998 but it wasn't supposed to be margin called till 358)

It said it would get margin called at 358?? What the fuck has happend??

Welcome to derivatives 101

Take heart tho, it's not a lesson that can be taught. It must be learned.

akujin

sr. member

Activity: 336

Merit: 250

Quote from: podyx on November 14, 2014, 11:33:33 PM

WOW, my leveraged long seems to be gotten margin called at 382??? (we hit 381.998 but it wasn't supposed to be margin called till 358)

It said it would get margin called at 358?? What the fuck has happend??

You got okcoined! Grin

podyx

legendary

Activity: 2338

Merit: 1035

WOW, my leveraged long seems to be gotten margin called at 382??? (we hit 381.998 but it wasn't supposed to be margin called till 358)

It said it would get margin called at 358?? What the fuck has happend??

gog1

hero member

Activity: 756

Merit: 500