Warning: Do not leave negative USD on bitcoinica... - page 2.

BitMagic

member

Activity: 98

Merit: 10

Quote from: OgNasty on October 20, 2011, 08:48:08 PM

Fail. You obviously don't comprehend leverage, short positions or margin requirements. Your post solidifies the fact that you are one of the kids that have no clue what they are doing.

You are really, really, a COMPLETE idiot.

https://bitcointalksearch.org/topic/m.517128

"Depositing Bitcoins is equivalent to opening a long position of BTCUSD." -zhoutong

He deposited bitcoins, and held a long position, while prices fell. He then got a margin call. Long position. No shorting. None.

I know what I'm doing. I also know you are a complete, complete idiot.

BitPay Business Solutions

hero member

Activity: 742

Merit: 500

Quote from: OgNasty on October 20, 2011, 08:48:08 PM

Fail. You obviously don't comprehend leverage, short positions or margin requirements.

+1 if you trade on margin you better know what you are doing. anytime you fall below the minimum requirements, your broker will automatically eliminate the risk on your behalf. If you don't trade on margin, you will never have this problem.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: BitMagic on October 20, 2011, 08:35:19 PM

I feel sorry for OgNasty talking about things he has no clue about. You know he's just going to keep posting his idiot position until he loses everything.

There is no shorting if you deposit BTC. You automatically take a long position if you deposit BTC. You're welcome.

Fail. You obviously don't comprehend leverage, short positions or margin requirements. Your post solidifies the fact that you are one of the kids that have no clue what they are doing.

BitMagic

member

Activity: 98

Merit: 10

Quote from: OgNasty on October 20, 2011, 08:11:57 PM

I feel sorry for all of the kids shorting bitcoin that don't have any clue what they're doing. You know they're just going to keep adding to their short positions until they lose everything.

I feel sorry for OgNasty talking about things he has no clue about. You know he's just going to keep posting his idiot position until he loses everything.

There is no shorting if you deposit BTC. You automatically take a long position if you deposit BTC. You're welcome.

fivebells

sr. member

Activity: 462

Merit: 250

I actually learned a lot from the $1 Zhoutong gave me to play with on bitcoinica. I do think the interface is kind of confusing.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: DeathAndTaxes on October 20, 2011, 07:20:24 PM

Is this your first time using margin? Did you think Bitcoinica was going to expose themselves to infinite loss on your behalf?

+1

I feel sorry for all of the kids shorting bitcoin that don't have any clue what they're doing. You know they're just going to keep adding to their short positions until they lose everything.

Sekioh

full member

Activity: 181

Merit: 100

Same difference, they actually sell your BTC on market price to make back the money they lost on you, they're just 'settling your debts'.

speeder

hero member

Activity: 994

Merit: 501

PredX - AI-Powered Prediction Market

No, not margin call.

I am talking about the BTC balance.

allinvain

legendary

Activity: 3080

Merit: 1083

It's a margin call. This is how the big boys play.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Is this your first time using margin? Did you think Bitcoinica was going to expose themselves to infinite loss on your behalf?

speeder

hero member

Activity: 994

Merit: 501

PredX - AI-Powered Prediction Market

I did that, and they closed my BTC balance...

Without warning.

In fact I was not even informed, I found out after logging in today.

So, keep a eye on your USD balance, bitcoinica might without warning or even informing you, force the sale of your BTC, at crap prices even...

Topic: Warning: Do not leave negative USD on bitcoinica... - page 2. (Read 3528 times)