Wall Observer - MtGoxUSD wall movement tracker - page 812.

adamstgBit

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Quote from: Chalkbot on January 17, 2013, 08:52:46 PM

Quote from: keewee on January 17, 2013, 08:49:52 PM

"From Wikipedia, the free encyclopedia
In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments, with the intention of subsequently repurchasing them ("covering") at a lower price"

I'm no expert but is what Adam doing not "shorting"? Or does shorting have another definition?

No, what adam does is sell with the intention of subsequently repurchasing at a lower price, then buy back at a higher price.

LOL!
so true... every time

keewee

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Quote from: Chalkbot on January 17, 2013, 08:52:46 PM

Quote from: keewee on January 17, 2013, 08:49:52 PM

"From Wikipedia, the free encyclopedia
In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments, with the intention of subsequently repurchasing them ("covering") at a lower price"

I'm no expert but is what Adam doing not "shorting"? Or does shorting have another definition?

No, what adam does is sell with the intention of subsequently repurchasing at a lower price, then buy back at a higher price.

Crypt_Current

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Shame on everything; regret nothing.

Quote from: keewee on January 17, 2013, 08:49:52 PM

Quote from: Spaceman_Spiff on January 17, 2013, 08:28:59 PM

Quote from: adamstgBit on January 17, 2013, 08:14:34 PM

oh when I "short" I mean I'm selling on the exchange with intention to buy back lower....

lol, you know thats not shorting right, thats just not being long Cheesy

So what is being zhoutonged?

"From Wikipedia, the free encyclopedia
In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments, with the intention of subsequently repurchasing them ("covering") at a lower price"

I'm no expert but is what Adam doing not "shorting"? Or does shorting have another definition?

In the way it was done on Bitcoinica, it was more like: You "borrow" some BTC, then sell that at some high price, then re-buy it at a (hopefully much) lower price. Thus profiting.

Chalkbot

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Quote from: keewee on January 17, 2013, 08:49:52 PM

"From Wikipedia, the free encyclopedia
In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments, with the intention of subsequently repurchasing them ("covering") at a lower price"

I'm no expert but is what Adam doing not "shorting"? Or does shorting have another definition?

No, what adam does is sell with the intention of subsequently repurchasing at a lower price, then buy back at a higher price.

adamstgBit

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http://www.youtube.com/watch?v=HpikGDDcpE4

Quote

its about to reach a new all time high!

BUY BUY BUY
Grin

keewee

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Quote from: Spaceman_Spiff on January 17, 2013, 08:28:59 PM

Quote from: adamstgBit on January 17, 2013, 08:14:34 PM

oh when I "short" I mean I'm selling on the exchange with intention to buy back lower....

lol, you know thats not shorting right, thats just not being long Cheesy

So what is being zhoutonged?

"From Wikipedia, the free encyclopedia
In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments, with the intention of subsequently repurchasing them ("covering") at a lower price"

I'm no expert but is what Adam doing not "shorting"? Or does shorting have another definition?

Crypt_Current

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Shame on everything; regret nothing.

Quote from: 420 on January 17, 2013, 08:42:46 PM

if only could shrhink images...maybe we cna

now i just thought bitcoinica was a wallet storage and long position like savings and trust

and he ran that and then left stealing all the coins

he's paying back now?

Not exactly... He sold out to Intersango, and then it "got hacked"...
And now it's in liquidation.

Edit: at the time BTC was in a downward trend, so any tool that facilitated shorting (especially on leverage) was welcome and enticing -- Bitcoinica was said tool.

NamelessOne

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Prepare to die $16 wall, prepare to die, any of you sellers want to simply remove the wall so you don't become panic buyers in a couple days?

tbcoin

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420

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High:$15.95000

Spaceman_Spiff

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Quote from: adamstgBit on January 17, 2013, 08:38:38 PM

Quote from: Spaceman_Spiff on January 17, 2013, 08:28:59 PM

So what is being zhoutonged?

zhoutong made a the first trading platform which alowed users to short sell bitcoin (or go long) with leverage( meaning you could trade with up to 10times more money then you actually had in the account)
the catch was if you went short and the price went up to much all your funds would go to zhoutong.
so we called it getting zhoutonged

Oh, k , thanks for the first understandable post

.

420

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if only could shrhink images...maybe we cna

now i just thought bitcoinica was a wallet storage and long position like savings and trust

and he ran that and then left stealing all the coins

he's paying back now?

Crypt_Current

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Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: adamstgBit on January 17, 2013, 08:38:38 PM

Quote from: Chalkbot on January 17, 2013, 08:33:26 PM

Quote from: Spaceman_Spiff on January 17, 2013, 08:28:59 PM

Quote from: adamstgBit on January 17, 2013, 08:14:34 PM

oh when I "short" I mean I'm selling on the exchange with intention to buy back lower....

lol, you know thats not shorting right, thats just not being long Cheesy

So what is being zhoutonged?

Apparently it's just not being Bill Gates.

zhoutong made a the first trading platform which alowed users to short sell bitcoin (or go long) with leverage( meaning you could trade with up to 10times more money)

the catch was if you went short and the price when up to much all your funds would go to zhoutong.

now we call it getting zhoutonged

First name: Zhou
Last name: Tong

Project: Bitcoinica (now in liquidation)

Wow that is much bigger than i intended

adamstgBit

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Quote from: Chalkbot on January 17, 2013, 08:33:26 PM

Quote from: Spaceman_Spiff on January 17, 2013, 08:28:59 PM

Quote from: adamstgBit on January 17, 2013, 08:14:34 PM

oh when I "short" I mean I'm selling on the exchange with intention to buy back lower....

lol, you know thats not shorting right, thats just not being long Cheesy

So what is being zhoutonged?

Apparently it's just not being Bill Gates.

zhoutong made a the first trading platform which alowed users to short sell bitcoin (or go long) with leverage( meaning you could trade with up to 10times more money then you actually had in the account)

the catch was if you went short and the price went up to much all your funds would go to zhoutong.

so we called it getting zhoutonged

420

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Quote from: Spaceman_Spiff on January 17, 2013, 08:28:59 PM

Quote from: adamstgBit on January 17, 2013, 08:14:34 PM

oh when I "short" I mean I'm selling on the exchange with intention to buy back lower....

lol, you know thats not shorting right, thats just not being long Cheesy

So what is being zhoutonged?

http://www.youtube.com/watch?v=kdvTkddp1F0

Crypt_Current

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Shame on everything; regret nothing.

Quote from: cypherdoc on January 17, 2013, 08:26:14 PM

Quote from: Crypt_Current on January 17, 2013, 08:22:22 PM

as an aside, the term "zhoutonged" apparently lives on...

since i'm the one who coined the term, i guess i have a ego driven desire to perpetuate it: https://bitcointalksearch.org/topic/how-many-of-you-have-been-zhoutonged-49445

Quote

That dude could possibly be the next bill gates, depending on how he plays this out. He's permanently a meme now, despite any efforts against it. It is interesting to see how that in particular will play out and it is ... STILL extremely exciting to be part of this community (and perhaps history in general!) Cheesy

Bill Gates? hardly. how about Bernie Madoff.

Weeelllll... dude DID know his Ruby.

And he sold it out to other people -- kinda smart -- and lol, he told me via skype, "I don't like BTC much". Something about it being too volatile :-P

But good marks on coining the meme ... it is sure to go down in history! Have you tried Bitfinex yet???

ahahahahhahahahahahhahahahaha and lolz.

Chalkbot

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Quote from: Spaceman_Spiff on January 17, 2013, 08:28:59 PM

Quote from: adamstgBit on January 17, 2013, 08:14:34 PM

oh when I "short" I mean I'm selling on the exchange with intention to buy back lower....

lol, you know thats not shorting right, thats just not being long Cheesy

So what is being zhoutonged?

Apparently it's just not being Bill Gates.

Spaceman_Spiff

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Quote from: adamstgBit on January 17, 2013, 08:14:34 PM

oh when I "short" I mean I'm selling on the exchange with intention to buy back lower....

lol, you know thats not shorting right, thats just not being long Cheesy

So what is being zhoutonged?

cypherdoc

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Quote from: Crypt_Current on January 17, 2013, 08:22:22 PM

as an aside, the term "zhoutonged" apparently lives on...

since i'm the one who coined the term, i guess i have a ego driven desire to perpetuate it: https://bitcointalksearch.org/topic/how-many-of-you-have-been-zhoutonged-49445

Quote

That dude could possibly be the next bill gates, depending on how he plays this out. He's permanently a meme now, despite any efforts against it. It is interesting to see how that in particular will play out and it is ... STILL extremely exciting to be part of this community (and perhaps history in general!) Cheesy

Bill Gates? hardly. how about Bernie Madoff.

mccorvic

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You know a rally is strong when even I'm surprised by its strength!

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 812. (Read 1811596 times)