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Title: Bitcoinica Post by: N12 on January 18, 2012, 01:42:57 AM Stop using it.
Buy Bitcoins with your own fucking money. Save them. Trade if the market goes crazy in a direction. This is the contender for the future global high quality store of value. Not a pyramid scheme. Or is it? Title: Re: Bitcoinica Post by: legitnick on January 18, 2012, 01:43:40 AM Never using it ever again.
Title: Re: Bitcoinica Post by: bittenbob on January 18, 2012, 01:44:02 AM Stop using it. Buy Bitcoins with your own fucking money. Save them. Trade if the market goes crazy in a direction. This is the contender for the future global high quality store of value. Not a pyramid scheme. Or is it? +1 If you lose on bitcoinica dont come crying here when you lose everything. If you just traded in the market you would never have $0 like what happens when people get Zhoutonged. Title: Re: Bitcoinica Post by: SlaveInDebt on January 18, 2012, 01:44:37 AM You decide on
http://www.thedailyriff.com/60min.3.jpg Title: Re: Bitcoinica Post by: GeniuSxBoY on January 18, 2012, 01:45:12 AM too late now, the douche has millions of bitcoin's doll hairs.
http://ts1.mm.bing.net/images/thumbnail.aspx?q=1521658239776&id=d0b854d6c2c557467fecc4b94eaf27cc Title: Re: Bitcoinica Post by: Serge on January 18, 2012, 01:45:30 AM don't they have some sort of disclaimer saying "trade at your own risk"?
Title: Re: Bitcoinica Post by: Luis_GT on January 18, 2012, 01:45:35 AM I've only lost about 70 BTC on bitcoinica on the last 3 months... I'm a bit conservative though...
Title: Re: Bitcoinica Post by: SlaveInDebt on January 18, 2012, 01:48:27 AM too late now, the douche has millions of bitcoin's doll hairs. http://ts1.mm.bing.net/images/thumbnail.aspx?q=1521658239776&id=d0b854d6c2c557467fecc4b94eaf27cc http://2.bp.blogspot.com/-RrM4SdPywdc/ThqAsskn2gI/AAAAAAAAE6M/QW4EvpjGvfQ/s1600/Truth%2Bis%2Bout%2Bthere.jpg With your money. Title: Re: Bitcoinica Post by: phorensic on January 18, 2012, 01:49:14 AM Wow, you guys who got zhoutonged today are being really bitter. I have been making money all day on Bitcoinica. Learn how to trade.
Title: Re: Bitcoinica Post by: GeniuSxBoY on January 18, 2012, 01:49:32 AM too late now, the douche has millions of bitcoin's doll hairs. http://ts1.mm.bing.net/images/thumbnail.aspx?q=1521658239776&id=d0b854d6c2c557467fecc4b94eaf27cc http://2.bp.blogspot.com/-RrM4SdPywdc/ThqAsskn2gI/AAAAAAAAE6M/QW4EvpjGvfQ/s1600/Truth%2Bis%2Bout%2Bthere.jpg With your money. http://ts1.mm.bing.net/images/thumbnail.aspx?q=1550915940620&id=ba4920a1bc299bf33f6b0de302aa7965 Title: Re: Bitcoinica Post by: N12 on January 18, 2012, 01:50:11 AM Wow, you guys who got zhoutonged today are being really bitter. I have been making money all day on Bitcoinica. Learn how to gamble. Fixed. ;DTitle: Re: Bitcoinica Post by: Luis_GT on January 18, 2012, 01:53:10 AM Bitcoinica isn't bad if you don't go aggressive...
just my http://i16.photobucket.com/albums/b29/Luis_GT/bitcoins/bitcoinica.jpg Title: Re: Bitcoinica Post by: proudhon on January 18, 2012, 01:58:58 AM Stop using it. Buy Bitcoins with your own fucking money. Save them. Trade if the market goes crazy in a direction. This is the contender for the future global high quality store of value. Not a pyramid scheme. Or is it? +1. I'm glad I learned my lesson with only 5BTC. Title: Re: Bitcoinica Post by: zhoutong on January 18, 2012, 01:59:40 AM Stop using it. Buy Bitcoins with your own fucking money. Save them. Trade if the market goes crazy in a direction. This is the contender for the future global high quality store of value. Not a pyramid scheme. Or is it? It's more of personal trading behaviors. I agree that we should take more responsibility in making Bitcoin a better currency, so we will take several actions in the following days to minimize our negative market impact during volatile times. But generally, I disagree with your statement. Bitcoinica didn't start the spikes, someone else did. Bitcoin is very financially vulnerable at the moment and we need more options for traders to build a strong financial system. Title: Re: Bitcoinica Post by: jojo69 on January 18, 2012, 02:06:40 AM glad to see you take it seriously Z
Title: Re: Bitcoinica Post by: N12 on January 18, 2012, 02:06:58 AM It's more of personal trading behaviors. Yes, there are those who like the gambling and others who prefer investing. And the people with the appropriate funds also are quite fond of tricking your system to enrich themselves.I agree that we should take more responsibility in making Bitcoin a better currency, so we will take several actions in the following days to minimize our negative market impact during volatile times. But generally, I disagree with your statement. Bitcoinica didn't start the spikes, someone else did. Bitcoin is very financially vulnerable at the moment and we need more options for traders to build a strong financial system. Thanks for acknowledging that. So, because Bitcoin is vulnerable due to low market cap and illiquidity we need more leverage, derivatives and anything but a real market? Title: Re: Bitcoinica Post by: zhoutong on January 18, 2012, 02:09:51 AM It's more of personal trading behaviors. Yes, there are those who like the gambling and others who prefer investing. And the people with the appropriate funds also are quite fond of tricking your system to enrich themselves.I agree that we should take more responsibility in making Bitcoin a better currency, so we will take several actions in the following days to minimize our negative market impact during volatile times. But generally, I disagree with your statement. Bitcoinica didn't start the spikes, someone else did. Bitcoin is very financially vulnerable at the moment and we need more options for traders to build a strong financial system. Thanks for acknowledging that. So, because Bitcoin is vulnerable due to low market cap and illiquidity we need more leverage, derivatives and anything but a real market? Bitcoinica is pushing the exchanges to do better. We didn't even have a partnership with Mt. Gox. So we are totally open in terms of exchange options. Title: Re: Bitcoinica Post by: cypherdoc on January 18, 2012, 02:12:23 AM It's more of personal trading behaviors. Yes, there are those who like the gambling and others who prefer investing. And the people with the appropriate funds also are quite fond of tricking your system to enrich themselves.I agree that we should take more responsibility in making Bitcoin a better currency, so we will take several actions in the following days to minimize our negative market impact during volatile times. But generally, I disagree with your statement. Bitcoinica didn't start the spikes, someone else did. Bitcoin is very financially vulnerable at the moment and we need more options for traders to build a strong financial system. Thanks for acknowledging that. So, because Bitcoin is vulnerable due to low market cap and illiquidity we need more leverage, derivatives and anything but a real market? i vote that Matthew Wright add one more question to Zhou during his TV interview; this. Title: Re: Bitcoinica Post by: TheBlackCat on January 18, 2012, 02:13:01 AM i just feel like i did everything right with stops and limits and using a reasonable margin. and then i lost 3000 like that
Title: Re: Bitcoinica Post by: Cluster2k on January 18, 2012, 02:13:21 AM So, because Bitcoin is vulnerable due to low market cap and illiquidity we need more leverage, derivatives and anything but a real market? Oh, derivatives would be so much fun. You could bet on the possibility of other people losing money. Like someone once said, it's like taking out fire insurance on your neighbour's house. It couldn't possibly be in your best interest to throw a few lit matches their way... I mentioned before that playing with leverage in bitcoins was a tool for the '1%ers'. Someone just screwed a whole lot of people over. Some won, many more lost. Bitcoin is worse for wear. Merchants wanting to use bitcoins aren't exactly flocking towards a commodity that can lose 20% of its value within minutes while the market is locked and participants can't sell. Title: Re: Bitcoinica Post by: cypherdoc on January 18, 2012, 02:14:50 AM So, because Bitcoin is vulnerable due to low market cap and illiquidity we need more leverage, derivatives and anything but a real market? Oh, derivatives would be so much fun. You could bet on the possibility of other people losing money. Like someone once said, it's like taking out fire insurance on your neighbour's house. It couldn't possibly be in your best interest to throw a few lit matches their way... I mentioned before that playing with leverage in bitcoins was a tool for the '1%ers'. Someone just screwed a whole lot of people over. Some won, many more lost. Bitcoin is worse for wear. Merchants wanting to use bitcoins aren't exactly flocking towards a commodity that can lose 20% of its value within minutes while the market is locked and participants can't sell. finally someone agrees with me. Title: Re: Bitcoinica Post by: Crypt_Current on January 18, 2012, 02:15:09 AM It's more of personal trading behaviors. Yes, there are those who like the gambling and others who prefer investing. And the people with the appropriate funds also are quite fond of tricking your system to enrich themselves.I agree that we should take more responsibility in making Bitcoin a better currency, so we will take several actions in the following days to minimize our negative market impact during volatile times. But generally, I disagree with your statement. Bitcoinica didn't start the spikes, someone else did. Bitcoin is very financially vulnerable at the moment and we need more options for traders to build a strong financial system. Thanks for acknowledging that. So, because Bitcoin is vulnerable due to low market cap and illiquidity we need more leverage, derivatives and anything but a real market? Bitcoinica is pushing the exchanges to do better. We didn't even have a partnership with Mt. Gox. So we are totally open in terms of exchange options. Maybe offer to buy Gox out? Title: Re: Bitcoinica Post by: cypherdoc on January 18, 2012, 02:15:59 AM It's more of personal trading behaviors. Yes, there are those who like the gambling and others who prefer investing. And the people with the appropriate funds also are quite fond of tricking your system to enrich themselves.I agree that we should take more responsibility in making Bitcoin a better currency, so we will take several actions in the following days to minimize our negative market impact during volatile times. But generally, I disagree with your statement. Bitcoinica didn't start the spikes, someone else did. Bitcoin is very financially vulnerable at the moment and we need more options for traders to build a strong financial system. Thanks for acknowledging that. So, because Bitcoin is vulnerable due to low market cap and illiquidity we need more leverage, derivatives and anything but a real market? Bitcoinica is pushing the exchanges to do better. We didn't even have a partnership with Mt. Gox. So we are totally open in terms of exchange options. Maybe offer to buy Gox out? perhaps Gox is not the problem here? Title: Re: Bitcoinica Post by: SkRRJyTC on January 18, 2012, 02:17:10 AM It's more of personal trading behaviors. Yes, there are those who like the gambling and others who prefer investing. And the people with the appropriate funds also are quite fond of tricking your system to enrich themselves.I agree that we should take more responsibility in making Bitcoin a better currency, so we will take several actions in the following days to minimize our negative market impact during volatile times. But generally, I disagree with your statement. Bitcoinica didn't start the spikes, someone else did. Bitcoin is very financially vulnerable at the moment and we need more options for traders to build a strong financial system. Thanks for acknowledging that. So, because Bitcoin is vulnerable due to low market cap and illiquidity we need more leverage, derivatives and anything but a real market? Bitcoinica is pushing the exchanges to do better. We didn't even have a partnership with Mt. Gox. So we are totally open in terms of exchange options. Maybe offer to buy Gox out? They dont have enough money to let me buy with the leverage options they give me... Title: Re: Bitcoinica Post by: dryden on January 18, 2012, 02:17:50 AM Zhou, 1 thing I would suggest for your site: lots and lots and LOTS of clear documentation. When I trade on TD Ameritrade I have a whole exhaustive documentation section that breaks down the fees and math into plain english that real people can understand. When you're a business making money, it's sort of incumbent on you to help your users understand what's going on.
Title: Re: Bitcoinica Post by: cypherdoc on January 18, 2012, 02:18:44 AM Zhou, 1 thing I would suggest for your site: lots and lots and LOTS of clear documentation. When I trade on TD Ameritrade I have a whole exhaustive documentation section that breaks down the fees and math into plain english that real people can understand. When you're a business making money, it's sort of incumbent on you to help your users understand what's going on. forget it; ain't gonna happen. Title: Re: Bitcoinica Post by: SkRRJyTC on January 18, 2012, 02:18:56 AM Zhou, 1 thing I would suggest for your site: lots and lots and LOTS of clear documentation. When I trade on TD Ameritrade I have a whole exhaustive documentation section that breaks down the fees and math into plain english that real people can understand. When you're a business making money, it's sort of incumbent on you to help your users understand what's going on. +9001 Title: Re: Bitcoinica Post by: Crypt_Current on January 18, 2012, 02:19:01 AM Zhou, 1 thing I would suggest for your site: lots and lots and LOTS of clear documentation. When I trade on TD Ameritrade I have a whole exhaustive documentation section that breaks down the fees and math into plain english that real people can understand. When you're a business making money, it's sort of incumbent on you to help your users understand what's going on. I could even provide this for insanely cheap. I have a lot of free time and don't wish to spend it all on school work ;D Title: Re: Bitcoinica Post by: zhoutong on January 18, 2012, 02:20:33 AM Zhou, 1 thing I would suggest for your site: lots and lots and LOTS of clear documentation. When I trade on TD Ameritrade I have a whole exhaustive documentation section that breaks down the fees and math into plain english that real people can understand. When you're a business making money, it's sort of incumbent on you to help your users understand what's going on. +1 Gonna hire someone to do it. Any one interested? PM me with your Skype. Title: Re: Bitcoinica Post by: zhoutong on January 18, 2012, 02:21:14 AM Zhou, 1 thing I would suggest for your site: lots and lots and LOTS of clear documentation. When I trade on TD Ameritrade I have a whole exhaustive documentation section that breaks down the fees and math into plain english that real people can understand. When you're a business making money, it's sort of incumbent on you to help your users understand what's going on. I could even provide this for insanely cheap. I have a lot of free time and don't wish to spend it all on school work ;D LOL. I missed this just now. PM me with you Skype name please. Title: Re: Bitcoinica Post by: Crypt_Current on January 18, 2012, 02:46:01 AM Zhou, 1 thing I would suggest for your site: lots and lots and LOTS of clear documentation. When I trade on TD Ameritrade I have a whole exhaustive documentation section that breaks down the fees and math into plain english that real people can understand. When you're a business making money, it's sort of incumbent on you to help your users understand what's going on. I could even provide this for insanely cheap. I have a lot of free time and don't wish to spend it all on school work ;D I've already been answering questions about Bitcoinica for a few people via PM here... I have kindly asked for donations for my detailed explanations, but have received none :-( I'd be more than happy to write up official documentation for Bitcoinica. Title: Re: Bitcoinica Post by: gewure on January 18, 2012, 02:55:28 AM Wow, you guys who got zhoutonged today are being really bitter. I have been making money all day on Bitcoinica. Learn how to trade. well, it happens to everybody: loses. try cutting them. today i have been lucky and made some $ and btc on bitcoinica, but not always. trading gets pretty hard if the spreads are that high. both on mtgox and bitcoinica. also the exchange prices are not ballanced within all markets good. Title: Re: Bitcoinica Post by: byronbb on January 18, 2012, 09:59:29 PM Then don't trade when spreads are wide and buy/sell depth is a shallow pond. This is just pure gambling. I can't believe people are whining about losing after leveraging long at 6.x to 7 when the buy side was nearly non existent and the sell side a mountain and then they are convinced its zhous fault when someone runs a trivial squeeze and they lose their $100.
Title: Re: Bitcoinica Post by: N12 on March 13, 2012, 09:01:28 PM Why did you people not listen?
Title: Re: Bitcoinica Post by: N12 on March 19, 2012, 05:56:07 PM Who listened?
Title: Re: Bitcoinica Post by: dopamine on March 19, 2012, 06:28:09 PM This is a healthy correction nothing more, without volatility then whats the point of trading BTC. without leverage we would not be able to get this much volume...
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