Bitcoin Forum

Economy => Speculation => Topic started by: adamstgBit on January 21, 2012, 01:50:21 AM



Title: Question about Bitcoinica
Post by: adamstgBit on January 21, 2012, 01:50:21 AM
Is their a way to see how many people are shorting / going long on Bitcoinica?


Title: Re: Question about Bitcoinica
Post by: Serge on January 21, 2012, 01:52:55 AM
 ;D


Title: Re: Question about Bitcoinica
Post by: yogi on January 21, 2012, 01:56:14 AM
No, but keep an eye out for the 'asterisk'.


Title: Re: Question about Bitcoinica
Post by: adamstgBit on January 21, 2012, 02:33:55 AM
would it be unreasonable to ask Z to publish this market data?



Title: Re: Question about Bitcoinica
Post by: elux on January 21, 2012, 03:24:33 AM
would it be unreasonable to ask Z to publish this market data?

Yep.  :)


Title: Re: Question about Bitcoinica
Post by: Crypt_Current on January 21, 2012, 05:33:08 AM
would it be unreasonable to ask Z to publish this market data?


Bitcoinica is a "dark pool" -- IMHO even the asterisk is too much information


Title: Re: Question about Bitcoinica
Post by: stochastic on January 21, 2012, 08:38:14 AM
would it be unreasonable to ask Z to publish this market data?

I don't think so.  Most forex brokers provide the ability to see standing buy and sell orders.  If not then it is Bitcoinica is the only one that can see them and see any stop-loss orders you have.  I am the type that all information should be made public.


Title: Re: Question about Bitcoinica
Post by: Bigpiggy01 on January 21, 2012, 04:49:56 PM
Quote
I don't think so.  Most forex brokers provide the ability to see standing buy and sell orders.  If not then it is Bitcoinica is the only one that can see them and see any stop-loss orders you have.  I am the type that all information should be made public.

This is one of the basic requirements for any serious margin trading business.


Title: Re: Question about Bitcoinica
Post by: gewure on January 21, 2012, 05:39:12 PM
since we have now day 3 with the * on the buy side.. i see some interesting things going on in future..^^


Title: Re: Question about Bitcoinica
Post by: yogi on January 21, 2012, 07:20:40 PM
since we have now day 3 with the * on the buy side.. i see some interesting things going on in future..^^
if someone go short is a fool, because that give money to bitcoinica and that will give fuel so ppl can buy and go against your position

That is unless someone go's short big time and starts another liquidation snowball effect.


Title: Re: Question about Bitcoinica
Post by: bittenbob on January 21, 2012, 07:30:50 PM
since we have now day 3 with the * on the buy side.. i see some interesting things going on in future..^^
if someone go short is a fool, because that give money to bitcoinica and that will give fuel so ppl can buy and go against your position

That is unless someone go's short big time and starts another liquidation snowball effect.

It could go both ways. Too many shorts on bitcoinica when people are buying on MTGox is how you have large spikes up. Too many longs when the action moves on MTGox causes large spikes down. I have noticed that when these spikes do occur it typically bounces back to market price within seconds only to move out of the range again. They are very profitable if you can catch them and predict the magnitude before they occur.


Title: Re: Question about Bitcoinica
Post by: Dutch Merganser on January 21, 2012, 09:07:22 PM
since we have now day 3 with the * on the buy side.. i see some interesting things going on in future..^^
if someone go short is a fool, because that give money to bitcoinica and that will give fuel so ppl can buy and go against your position

That is unless someone go's short big time and starts another liquidation snowball effect.
that can make a squeeze but like i said here (https://bitcointalk.org/index.php?topic=60079.0) after the leverage change made by Z is very hard to do that, since you cant leverage 10:1 move that 2k USD and even if u get 150k USD at 2,5:1 leverage your future victims are protected by the new leverage rules

One could try running ~100 bots at 10:1/$2000, although I would recommend starting small with the bot count and activity and doing some probing/tuning before executing an actual attempt. The following joke is also relevant:

A man noticed a farmer walking with three-legged pig on a leash. It looked very odd. He said, "Farmer, why are you walking a three-legged pig?"

"Why, stranger, this is no ordinary pig," the farmer replied. "One night our barn caught on fire, and before my wife and I even woke up, the pig had called the fire department, and herded all the other animals out of the barn. The next week, a burglar got into the house, and the pig had him tied up and the police were on their way before I even realized what had happened. Then just last week, I fell into the duck pond and was like to drown, except this pig jumped in and pulled me out. Like I say, this is no ordinary pig."

"Well, that truly is a remarkable pig. But tell me, how did he come to have only three legs?" "Are you kidding? A pig this good, you don't eat all at once."


Title: Re: Question about Bitcoinica
Post by: chsados on January 21, 2012, 10:01:11 PM

A man noticed a farmer walking with three-legged pig on a leash. It looked very odd. He said, "Farmer, why are you walking a three-legged pig?"

"Why, stranger, this is no ordinary pig," the farmer replied. "One night our barn caught on fire, and before my wife and I even woke up, the pig had called the fire department, and herded all the other animals out of the barn. The next week, a burglar got into the house, and the pig had him tied up and the police were on their way before I even realized what had happened. Then just last week, I fell into the duck pond and was like to drown, except this pig jumped in and pulled me out. Like I say, this is no ordinary pig."

"Well, that truly is a remarkable pig. But tell me, how did he come to have only three legs?" "Are you kidding? A pig this good, you don't eat all at once."


 ;D