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Topic: Warning: Do not leave negative USD on bitcoinica... - page 2. (Read 3482 times)

member
Activity: 98
Merit: 10
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.
hero member
Activity: 742
Merit: 500
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.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
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.
member
Activity: 98
Merit: 10
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.
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.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
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.
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'.
hero member
Activity: 966
Merit: 501
Leading Crypto Sports Betting & Casino Platform
No, not margin call.

I am talking about the BTC balance.
legendary
Activity: 3080
Merit: 1080
It's a margin call. This is how the big boys play.
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?
hero member
Activity: 966
Merit: 501
Leading Crypto Sports Betting & Casino Platform
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...
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