Bitcoin Forum

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I'm trying it out too.  I don't mind trying it publicly.

http://i44.tinypic.com/vmuq7b.png

Well, I can tell you both one thing.  You're currently losing money.

They both just opened their positions. Of course they will have a small loss due to spreads :p

Excellent!  I can help you guys.  I'm not a liar or a trickster; this is not a paradox.

Using 5:1, ok good.  Main thing is, don't let your margin fall below 2.1-2.5x maintenance.

If you see the price drop below your base price and you have tradable balance, buy buy buy!

But you both probably already know the basics.  PM if you have any questions; bitcoinica is practically all i've been doing for a couple months now.

LOL. For me this Bitcoinica stuff seems like out of another planet since I assume you are all day traders at Forex or something LOL.

Another thing, keep some BTC or USD on mtgox.  Transferring funds to bitcoinica from mtgox code is the fastest method.  And if that price drops you want to get more funds into your position asap.

Taking profits from bitcoinica is a little different as of right now.  They are reaching their limit of mtgox coupons for withdrawal in USD.  So you could be waiting a while on a withdrawal from bitcoinica in mtgox coupon for USD.  BUT,

You can exchange your USD profit for BTC on bitcoinica (have to use their exchange rate which most times sucks); that will get your coupon immediately (and then you can sell them btcs on gox or do whatever you want with your profit in that form).

BTC and bitcoinica are my first experiences with any kind of trading.  Once I master them I will rule the planet.

 :D

Seriously, I'm more than willing to help via my own experiences.

congrats! you're now in the black as your buy in spread has been covered, bitcoinica sell quote is $6.3104 atm against your base price of $6.2927 - let it ride

Both in the green now, am I right? :)

I could grab a penny!

http://i44.tinypic.com/2ilbkfp.png

Right; the only way you're going to profit from the get-go is if you accurately predict the bottom of a spike up (or the top in the case of a downward spike if shorting), and set a limit order to buy/sell at that price.  If you just jump in at market price, no matter which direction you're going, you're going to show loss at first.  (MOST of the time, heh.  A while back bitcoinica actually showed a negative spread sometimes, which is fun.  Zhou has benevolently fixed this, though).

But jumping in at market price is not exactly dumb all the time, especially in the case of extremely strong movement pressure as we are seeing now.

this is great!

Good, ride it out if it keeps rising.  If it falls below your base price, pick up more.  The lower under your base price, the more you should pick up.  BUT only if it's under your base price.  If you show a loss but it's not under your base price yet, just leave it as long as your margin can cover maintenance.

When you say "leave it as long as your margin can cover maintenance" do you mean what's next to the Margin Balance field over on the right?

we could very well be on the verge of Proudhon pumping Bitcoin!!!

I guess it depends on your approach. If you're really going long, IMO it would be better to go long with BTC -- as the price goes up, the value of your BTC (and thus available leverage) also goes up. On the other hand, if you start with BTC and go long and then the price drops, you drop twice as fast. IMO, using USD as your base investment is the best approach, since it won't fluctuate with the value of BTC.

lol.  I just want to understand how this leveraged trading business works.  It's mystifying the way you guys talk about it.

Precisely.  I recently started another account so I could have one for shorts and one for longs to catch all the spikes, and I (try) to fund my short acct totally in BTC and my long in USD.

You're basically just getting a loan from Zhou.  That's the way I look at it.  And if you make money with his money that he loans you, great!  He profits from the spread.  If you lose money, well then he'll break your goddamned legs.

Yup, instead of giving you your profits, it actually lowers your baseprice as you partially close your position. Once you completely close it, you will receive your profit. But why close it now though? Should have kept it! We're currently on our way UP :)

Seems like someone is helping these two guys make money -- is that you cypherdoc, putting a bunch of sudden buys in to spike the price up to $6.50? LOL

There are tons of people who were waiting to buy.  Could be any one of those.

Right -- if you want to extract some of your profit that you have made so far, just do a withdraw.  If you sell (or buy when short) any of your position, it will just affect your base price.

Beware when withdrawing though, to leave enough in margin in case of a sudden spike.  Object is to not ever liquidate (mine, anyway).

Excellent analogy.  It works like when you get a front from your dealer.   ;)

how u likin this Proudhon!!!? you be makin MONEY!!!

Yeah... Bitcoin is not a normal market ;)

LOL. You guys need to teach me this trading business as well. Seems too damn hard with all these terms. WTF is spread or margin ? I feel like an idiot every time I read the speculation board.

gaud, what i'd pay to see Proudhon get excited... ;)

Look at you two in the black already! Good timing.  :D

LOL, the market is climbing just b/c of Proudhon.  how ironic; after all his trolling, if he ends up owning an island next to the rest of us.

This is pretty cool.  I still don't get what the fuck I'm supposed to do.  Liquidate?  Withdraw?  What's the difference?  I'm sure I'll figure it out.  I guess I picked a ok time to go long.  ;D

Google should be sufficient to teach you how to trade :)

If not, read the drug dealer analogy up there.  
Leverage = You borrow money and use it to take a position on the market.  Later on, you return the money.  If you lose enough money, your own balance is wiped out and you have to repay the loan.  It's a way of multiplying returns.
Spread = Ask - bid: Bitcoinica makes a profit by buying low and selling high to you.  They sell to you at the ask (you buy at ask when you go long), vice versa for bid.
Shorting = When you borrow bitcoins to sell, and the market takes a plunge, and then you buy more bitcoins and keep the difference.

whether he admits it or not, Proudhon was born to be long.

this thread has the potential to be the highlight of the week  :D :D :D

He was long back in April... he's simply coming back to the good side.

Proudhon, welcome back.

Is this a racial slur??
XD

the shorts are probably screaming in terror once they heard Proudhon was leveraging up.

I guess this is as good a time as ever to admit that I went all in back at $2.4 but have had my finger very nervously over the sell button ever since.

Ha! You were trolling us all along!
You were simply a bear so that you could buy more, weren't you? One of the many fake bears on this forum, I guess.

Nice play, if it's true.
And now I know you don't really need any help after all.  :-)

Well, no, I really was...er...am bearish, I think.  At least, long term I don't think these spikes are sustainable.  But I had a bunch of money sitting in MtGox not doing anything and I just decided sort of on a whim that I'd buy back in.  I actually sold a few times on the way up because I was convinced it was all going to come crashing back down, but so far I've only managed to lose bitcoin.  My bearishness is getting shaken up pretty good, as much as I try to resist it.

Well, buying and selling on MtGox is as easy as it can be.  You don't need to know much at all about market stuff to do that.  This bitcoinica stuff is an entirely different animal, I think.

Admit it, you're a bull... what kind of bear goes long!?  A fake one.

The bitcoinica thing is just an experiment so I can figure out how it works.

Right on -- I think I understand Proudhon's "mystification" about leverage better now :-)

Let me put it another way now:  It's a tool for poor people to make money faster.

I'm (was) shit poor.  If bitcoinica doesn't take my money, alcohol and drugs will.  Sad but true.

This was instructive, thanks for publicly displaying a bit of this Bitcoinica stuff.  Always been curious.  Not my style of trading I guess.

 I just like the easier buy low, sell high, take some profit, and repeat approach on Mt Gox.

You may be kicking yourself when you wake up.   ;)

Liquidate?   ???

Not a wise move at this point, IMO.  If you have a low enough base price anyway.

 No, no, no - seriously hold to at least 2017 (edit: like I should have done with my leveraged well in profit longs today ::) ) & when you have nice unrealized profits along the way then just add to your long position by buying more with them whenever there's a 10% to 25% spike down at least with this first 1 Btc account, you'll also have a very sellable newsworthy story by then too, start another bitcoinica account to practice how easy it is to lose money fast trading on margin if you like, remember your entry level was the $2.50 or less that you paid for this bit under 3 months ago, like what - a cup of coffee - let it roll  ;D

DEFINITELY hold dude.  Price would have to drop below $1.95 for you to be force liquidated.

Nope he would be forced liquidated long before $1.95. His margin at $1.95 - (6.3078-1.95) = -2.40 net value (which must stay above $1.01). Correct me if I'm wrong.

Edit: forced liquidation should occur at $3.6589. hm something is wrong here...

At 5x leverage, forced liquidation occurs when net value falls below 2x maintenance.
2x maint here = $2.02
Net V = 9.78
Net V = 2x maint = 7.76
7.76 / total btc in position (absolute value) = 7.76 / 4 = 1.95
I'm sorry; I was mistaken -- The price of BTC would have to drop to base price minus 1.95.  Which is still pretty darn low.
EDIT:
Someone correct me if this is an incorrect calculation.
If it's correct, basically then if you think the price of BTC will drop below 6.31 - 1.95 = 4.36, heh, yeah go ahead and liquidate.

Thanks for the explanations.  This is fascinating.

More faith needed..

http://i44.tinypic.com/2z6t4xd.jpg

its called the opportunity of a lifetime.

Hm Crypt_Current are you sure net value must stay above 2 x maintenance? Why x2?

If you're using 5x leverage, yes.  it can drop further if you use less leverage.
Why is I don't know; that's just the rules that Zhoutong programmed into his awesome algorithm.

BTW, also if you look at the "Settings" page in Bitcoinica, where you select your leverage, it will show you max tolerated loss as a percentage for each leverage.

... aaaaaaaaand after doing some further calculations, 16% (max tolerated loss for 5x margin) works out to be far less loss than would occur to bring net value down to 2x maintenance.  In my case, anyway... but I am using a margin of BTC and USD.  Maybe there's something I'm not taking into account.
All I know for sure, is that before the other leverage options were added, 5x was the only option, and the rule was forced liquidation when net value falls below 2x maintenance.  Maybe Zhoutong can address this; tell us if anything has changed since the new leverage options were added.

Hm still doesn't make sense to me. I redid my calculation assuming net profit must stay above 1x maintenance and it says proudhon gets liquidated at a move below $5.24824.

Wanna bet for 1 BTC? If we're both wrong, both could pay 0.5 BTC to the bitcoin faucet.

Nah, I don't wanna bet, because I think you're right.  :-D  I think I was just used to the old rules and the new rules for loss tolerance are more strict.
No wonder that spike down last week forced a liquidation of my position at the time... 16% loss is apparently less than netv-2xMaint.  Ah well, live & learn.  :-D

BUT... even with the corrected bottom threshold of $5.24, my advice to Proudhon is to keep on holdin.  That's what I'd do.  And I'd watch it.  Boy oh boy, the sleep I have lost in the past couple months.  If it looks like we're droppin fast, plug some more funds into your margin.

LAWLZ, i think i just figured something out.  The percentage P/L is percentage of your TRADABLE balance, not just your margin.  Whew.  So we have much more leeway than I thought.  And that force liquidation I suffered from last week must then be due to lack of diligence on my part (had to sleep) as I had originally thought.

Well it also depends on if your account is funded with usd or btc. If you have only btc and are long, a dropping price will screw you much faster.

this is what i meant when i said its like a mini derivatives tower.

https://i.imgur.com/DyLq7.png
I started with $60 yesterday.

A nice quiet buy.

I can't sleep either :-D
What do you mean "based on account not position"?

Here is my current position:

https://i.imgur.com/1lpnd.png

ONLY 16% pfffffftttttttt  ::)

Yeah I know, right? :P The experienced trader in me says to take profit now, but at the same time something tells me Bitcoin is not the same as anything I've ever traded before. :P

Should have listened to the experienced trader in me... Somebody just dumped a truckload of bitcoins lol.

https://i.imgur.com/hojMF.png

What decided the price at which that trade was executed?

As I understand it:
The buy order was entered into the queue when Bitcoinica's buy hit 6.8010. It then became a market order, but wasn't executed immediately on Mt. Gox due to a number of delays in the system. Probably the spike down to 6.8010 and below was quite steep, so by the time the buy actually went through, the price on Gox had fallen further.

You got lucky in other words. It could have gone the other way, too, and the spike might have only just touched 6.8, leaving your order unexecuted

Someone correct me if I got this wrong...

I trying out bitcoinica with a bit of money I'm willing to loose for the entertainment value.

The market moved in my favour for five or ten minutes. The spread on bitcoinica widened to $0.4 so the profit available to me was not as much as I expected. I could leave a limit order on bitcoinica and have the mtgox price swing 5% or more past it and not get my order executed.
It's an extra risk I wasn't totally aware of.

Bitcoinica is badly documented. For example I can't find any official explanation of the * that sometimes appears next to buy or sell when the market moves.
Seems to mean no liquidity, you won't get an order executed right this moment?

Bitcoinica does not full details of company registration or office address. The domain uses a whois privacy service. It is possible they could just dissapear.

I think I am playing with fire. It's fun but if I'm drunk, tired or impetuous I'm going to get burned.

now THAT is brutal, in the sense of unpredictable.

i think it is a function of the 4 sec delay btwn when u hit the buy button and when it executed.  you were lucky enough to have a spike down during that 4 sec i would imagine.

Still holdin' on.

http://i42.tinypic.com/sze8n7.png

proudhon the bull perseveres in the face of uncertainty! ;D

I have been wondering about that kind of order too and have not used it yet.  The key issue is the term "target price" -- I don't think it is clearly defined anywhere.

Keep driving the price up so we can Zhoutounged all those sell positions!

When shorts get zhoutounged, there are buy orders placed on gox and the price is forced higher, correct?

Someone spike the price! Lets see $8 today!

the asterisk on the sell side means people can't sell because zhou is out of BTC not USD.

If anything this is preventing/slowing a price collapse.

Plus I have sand in my vagina because I decided to go long at $7.15 last night :(

I have a message for my fellow bulls, who have been zhoutonged or hurt by this correction.

The correction is actually an enormously bullish sign.  Here, look at the charts.

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=360&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=OBV&i2=MACD&i3=RSI&i4=PPO&v=1&cv=1&ps=0&l=1&p=0&

On one of the highest-volume days in the history of bitcoin, almost 1.5 million dollars caused a massive correction down... but is it so massive?  As 8PM draws near, we are ending up right back where we started.  Indeed, on this chart, the net result of the $1.5 million correction is a brief blip in a sea of green.  It has caused a change of -25 cents.

Again, $1.5 million is one of the highest volumes ever recorded in the bitcoin markets, and all it caused was a small correction, which barely registered in the technical indicators.  What does this mean for the continuation of the rally? ;D

+111111111111111111111111111111

I'm still in.

http://i43.tinypic.com/70yznq.png

Me too
https://i.imgur.com/pn28I.png

Hahahaha, having been hanging around this board since August or so, man it is so amusing to me to see this.

yall showed yours, i'll show mine:
http://i44.tinypic.com/30k9dhw.png

Liquidate!!!!!!





Just kidding, that 100 should turn into at least  275 by months end..

The sand is because i shorted too early when it was 6.25, when it broke to 7.2 I made an emotional decision and flipped my position.

I've found this to be one of the best indicators around. In the cold light of day today I released that I had been total rash. I've spent most of the day reviewing this and made the tough decision to close again for another loss.

You see bullish signs on those charts, I am long term bullish, I'm holding a stash long for the long term, but my play money is for trading and  right now this is the daily chart I am looking at...

https://i.imgur.com/gTFVT.png

Failing to break out of bollinger, and a lot of room to the downside.
RSI: Overbought

They give me the sense that this rally is over (for now), and a correction is on the cards.

Money flow OBV and PVT all peaky but a closer look at the hourly:

https://i.imgur.com/KAmV6.png

Failed attempt to break above 7.20
OBV and PVT failed to make new highs

Thats just my opinion, as unpopular is it might be right now!

I'm about 33% long BTC, the rest is in USD and I have a bunch of buy orders all the way back down to $2. (I've even sent some loving zhou's way, I just kind a like that site however much it screws me, or rather, I screw myself on it!)

I tell you this, not because I think it will have any effect (I think the market is big enough now, that these forums do not have an effect - if indeed they ever did!) or because I think anyone should do anything based on my view, but so that I can say 'I told you so' if I'm right ;)

Good luck all!

I've seen that asterisk blinking on the sell side of bitcoinica an awful lot today. That makes me think a lot of people are selling, or that a lot of people are short...

https://i.imgur.com/6689e.png

wedge forming.... could go either way ;)

if it's up then it will be one hell of a squeeze!

Hoping I can keep it going longer than that.  Got another account with a short position to hedge / catch the spikes.  Crossing my fingers.

I think that recent spike to 7 just killed a lot of the sell orders in bitcoinica...

http://i16.photobucket.com/albums/b29/Luis_GT/Meme/aww-yea-meme-original.jpg

I should have got out.  Still haven't been liquidated, but it's probably coming soon.

Nope.  But I was just experimenting with 1BTC.  So, meh.

I'm sorry.

http://i44.tinypic.com/11qtzq9.png

I hope you are liquidating that position soon Myself.

This is just perfect, and beautiful. 

Who got Zhoutonged by that last dump last night?

I didn't, but was probably close!  Went long at 6.89...

Same here... still on the running

http://i41.tinypic.com/nex7xi.png

hehe

Mahahahahhaa

{undefined picture}

take that!

nop, I had to watch it go all the way back up to 6.7 couple of hours ago. That wasn't pretty!

edit..

just caught 50 at 6.19 though ....

lulz, then 2

Hehe

http://i43.tinypic.com/6f47yh.png

https://i.imgur.com/k1trs.png  ;)

same!

150554   BTCUSD   Market   -50.0   -   20 minutes ago   Executed @ 6.9564

I just went short and took my .30ct for my daytrading long.

and I have the feeling that it went down.. hehe

BTCUSD    -5.0    $6.8680    -$0.57    -1.661%    Liquidate

FUUUU!! DOWN  :( :( :(

I cant believe I just read the whole 8 pages, not understanding a word! :-)

Ente

this will be a hell of a tut, sir. ,-)


@ente
I read a bit on babypips.com a few month ago and then, a few days ago, I heard from bitcoinica. If you want to play with your coins just read some about forex basics. It is a bit confusing but wors the time imho. Have fun and dont forget to sleep!


EDIT:
a Question for the pros here.
Will this stop execute if the price goes up to 7.2 or higher?

151130    BTCUSD    Stop    3.0    $7.2000    less than a minute ago    ACTIVE    Cancel
   151131    BTCUSD    Stop    2.0    $7.2000    less than a minute ago    ACTIVE    Cancel

I am currently on a short for 5 Coins. So this should safe me from being broke after I wake up, right?

yes, I believe that will close out your short position of 5 coins if & when the bitcoinica buy price reaches $7.20 or >
but I haven't tried this out as yet so am not 100%

EDIT: also I don't know how bitcoinica's Redis server going down would affect any stop orders that you'd placed if your stop price was hit during this outage

I think we're going to bounce off of $6 or lower again.  I hope we bounce, anyway.

It's orders all the way down baby!

quite the rumble

buy:
BTC/USD
▲6.40438
sell:
BTC/USD
▲6.47750

this was a nice spread =)

Are you getting nervous?

http://i40.tinypic.com/vhuyj7.png

Edit:

Yikes!

http://i42.tinypic.com/ic47qb.png

this where two really big buys, this whole market is kind of crazy, lol.


EDIT: but it seems to even out relatively fast.

you are right, but a few mins ago I saw 2. But I dont know enough right now. I feel like a kid exporing the FX world.
Wonder when I get a mad wife because of my new "hobby" lol.

Those numbers don't look right...

yep, I noticed that they didn't add up as well, you'd need to have the BUY price shown fallen to $6.53 in order to realise the profit shown on that short with it's given base price of $6.5852 & @ 0.838% of unrealised profit shown - looks like someone may have been shopping :-\

https://i.imgur.com/en4Jt.png

What of this position? Feel free to tell me i've done something idiotic.  ::)

We'll, I'm on the exact opposite of yours:

http://dl.dropbox.com/u/1127246/Screenshots/wfx6.png

The short from 6.5852? did you make any profit?

ok that screenshot is so fake it isn't even funny..

Couldn't he have just partially closed the position before that?

that part works out... its the fact that the difference between buy and base in that screen shot is not 0.838% its more like 0.06% 0.091%

Edit: got my numbers wrong there, they might still be wrong... im tired

The price updates every 3 seconds. The position updates every 10 seconds. That's why...

BUY $6.5792 shown on screen whilst you actually need a BUY of $6.53 to show the % gain & profit that you posted, unless I'm missing something fundamental here...

OK - solved thx

we are like totally Mystery Inc right now, solving like... price discrepancies n shit... yeah

lol yer, I'm just taking Khou's word for it being legit, most of my BTC are parked at his gaff atm so I'm biased to consider him an oracle of legitimate BTC wisdom & propriety

You actually sold on the was at the lowest point in a few days? Wow :D

Looks to me like he bought.

Yeah put a small 5 down when we bottomed. Things seemed funny....

Made a buck already :).

I went 10:1 long at $6.39 last night, placed a limit order at $6.50, and went to sleep.  I just woke up to find that my limit order was executed at $6.73.  I think it did it right.   ;D

Ok, I am oficially blind.

Hehe, I went long again.   ;D

I went 10:1 long again with a couple bitcoins when there was a really tight spread under $6.75.  If that works out it'll be my 3rd profitable long position in 24hrs.

Bears scramble for cover as Proudhon leverages up. :D

You'll get wiped out with 50% chance if we go to 7.2.  You should reconsider.

I guess I'll show my hand too, then.

http://i42.tinypic.com/2co2d0i.png

I don' get this one - what do you want to achieve with this order?

I have to state that i am kind of new to this hole bitcoinica thing (not even registered yet), so maybe you want to explain this to me.

I'm going to buy 100,000 BTC when the price reaches $6.99.

That was clear to me. But why you want to buy at 6.99 and not at 6.90 (i.e.)?

Hmmm, good point.  I changed my mind.  I'm going short:

http://i39.tinypic.com/34sjsq9.png

Selling 25 Million BTC of maybe 8 Millions (don't nail me on that) calculated by today? Haha... ;D

He used big leverage obviously.  ;)

I hope everyone got the point of my little demonstration...

LOL!  i've come to like you more and more with each passing comment.  at least you have a sense of humor unlike some of the bad bears around here.

point being, these screen shots are worthless since the display can be manipulated. 

"myself" above, didn't even bother to remove the "You don't have any active positions yet.  Why not place an order now?"

lol, he's a bear now again.  like a light switch, this guy.

Maybe change your order?  You REALLY don't think it will go higher than $7 ????????

The point, in case anyone missed it, is that that's probably not a real order.  Anyone can place limit and stop order for any amount they want whether they've got money in their account to back the order.

hahaha, I just thought you were a mad fast photoshopper...

myself, did you short?

LOL, good thing your post included no dates, and only the relative terms "today" and "tomorrow"

Pics or it didn't happen!  XD

Is that today?  Or tomorrow??   ;D

You're doing it...right.  I should have hung onto my long at $6.38.

Seems like its back above 7 to me  :o

So since no one else can go long on bitcoinica I would say we are going to break 7.20.

Either that or Zhou is going to dump a bunch of coins to liquidate those longs (aka bucket shop).

I should probably sell all my bitcoins, huh?

Too late.   ;D

http://i43.tinypic.com/r1eluw.png

Looks like I made the right choice.

I'm holding my long position til triple digits  ;D

Yes, I made the right choice.

At least it's clear enough where we're headed.

Up?

I don't think the price is going up.  I've put bids in between $3 and $4 $6.

You might catch the $6 if you get lucky.

Like I'm saying.  I really think the long term upward trend is too strong for there to be any more sub 6 prices.  Maybe.  I'm prepared to go as low as $5.  Any lower than that and I will have to add to my margin to prevent Zhoutonging  :o :-[ >:(

just a feeling from a noob but I think we will see an other up for a few cents....

I am playing long ...

(with my playmoney and this is less then 10 cheezies)

EDIT:
oh oh looks like i lost 2 burgers .... maybe I am just bad at gambling, lol.

How do you biggies all handle this up and down with real money? I mean its funny to loose or win a few bucks but if you do more then a few grand... wow that would mentally kill me.

lol smartass

I'm no "biggie" myself... I just bet with some coins I mined and then a very small amount of dollars from my Pell grant... (think two orders of magnitude less than the "biggies")... And I will still cry (on the inside) if I lose it all, because I could have used that money for cheeseburgers and tacos  :D

Bitcoinica - Why we can't have nice things since 2011!

I'm in again on MtGox.  I'm staying far, far away from bitcoinica.  In any event, this shakedown increased my overall BTC position by quite a lot.

I'm now safe to say that yesterday was the most rewarding day for me since my very first Bitcoin. :)

Most of the walls are fake.

http://screenshotuploader.com/i/ex39POwL6Ze.png
That's all for now.

I expect a full apology when we hit $5.  Likewise, I'll do the same if this doesn't play out.

second day in a row where you can hardly hit the buy button cause he stays in that *-mood all the time

Any donations to the nick is broke foundation?  :-[

Nope... 6.19 with plenty of room to buy more if it goes below that (and the bullseye goes away).

A bull just reared his horns.

Hardly.  Here's my best guess at what's going to happen for the foreseeable future.  We'll continue on a slow downtrend for several weeks, possibly dipping down into the $4 range.  Despite the downward trending price, the amount of money on the bids side will continue to grow.  I think the downward price movement, combined with so far unprecedented amounts of money prepared to buy is going to act like a very tough spring.  When the spring is released the price will very quickly pass resistance levels and reach new 2012 highs (I doubt very much the price will pass all time highs).

I see no reason why we should go that low.  I doubt we'll go under 5.8.  I see no immediate reason for a decline even this far, but wouldn't count it out either.

I have had time to buy couple of days ago. On an extent Approximately 5... 7 minutes were not *  :D And right after it the reserve has ended... Has sufficed on 5... 7 minutes of the continuous purchase  ;D

WTF is wrong with you people?

WTF  :o

It’s shopped, I don’t see any * on Bitcoinica.

There’s still something wrong with lots of people here, though.

No, buying has definitely been getting the starfish in the past 30 minutes.  It's there right now.

WHAT’S WRONG WITH THOSE PEOPLE MAN

THE FUCK IS WRONG WITH THEM?

I must have missed this.

What does the * mean?

There was a * on the sell side for just a few moments.  A star on both sides.

Sounds to me like funds are lacking in BOTH departments.

I stand corrected; still scary to see happen.

I saw it happen, logged in with my asterisk monitoring account... and LOL'd.

Bitcoinica traders. The guys who just never cease to amaze me.

'shopped. I can tell from the pixel at (3,5).

Damn guy, you're a sharp spotter there!

That's a screenshot from the future.  Where BTC bubbled to over 9,000 and then popped.

That's why there's a minus. It's because it went back in time.

Yawn.

wall 5.6 now ... soon ...

Soon what?

Hey, I kind of built that multiple 903 bitcoin wall. Was a bot or a buyer going nutz. I just move my 100 wall up and a bit up and the 900 btc buy went over it a bit. and so on. Then insta takedown, or he forgot for some time. I do not know if the orderbook lagged, or it was real. An i do not if it was a real person or a bot gone nutz.  either way.... had maaaaa fun

try beat the 5.6 (I think)

playing "protect the money" = not fun  >:(

Spread is super tight at the moment. Keep seeing double star-fish every few minutes though.