Bitcoin Forum

del

Bitcoinica long squeeze will come, but from higher.

Oh look, asterisk.  Time to short :)

BINGO!!!!

Btw, Im holding pocket aces... just so you can rape me on this next hand..

you guys have been talking about the starfish for ages. i don't even use bitcoinica and it's starting to get really annoying. if the indicator were indeed that clear-cut then the market would have corrected for it already -- you constantly talk about it on the forums.

Indeed.  I often see a star next to the buy and sell prices. Sometimes only on the buy price.  Yet, none of this seems to have an affect on bitcoin's price.  It's not moving at the moment, and hasn't done so for the last 24 hours.  Bitcoinica only seems to have a large impact on bitcoin when people are forced to liquidate.  Then the fun starts.  Otherwise it's a non issue.

Your naivety is cute...

The starfish is the most trustworthy trading indicator in the bitcoin market.

Yup, it has to go..
 if you cant fully leverage everyone 10 to 1, DONT OFFER ANY LEVERAGE MORE THAN THAT!!!


Im fucking sick of this Bitcoinica, its ruining the market

Yes, Bitcoinica is a blight on this market.

I agree.  But I've given in.  Bitcoinica isn't going anywhere, so fuck it.  The bitcoinica starfish has given me more profit than anything else.  Maybe if more people trade on it it'll dampen it's effect.  I don't know.  Whatever. 

I would be shorting on it, if I had any trading capital left over during these "long squeezes"... The long term is up, no question about that, so I have to go "all into" my positions at this point to make any sizeable profits.
But yeah, as soon as those profits start piling up, i'll trade on this "indicator" and hopefully others will follow.

..

how comes i see it on both sides then? - and nothing happens

When it's on both sides it means there's a connection issue between MtGox's feed and bitcoinica.

How did Bitcoinica ruin the market? Basically Bitcoinica pushed the price up (from longs on margin) until it runs out of the available reserves.

If we didn't offer leverage then the rally wouldn't happen in the first place.

We stopped offering "more leverage" when we realize that we can't afford more. That's exactly what the asterisk means.

Exactly.  And now that everyone is leveraged up the rally is over.  A nice long squeeze is immanent.

Then your letting people over leverage.
If you cant afford to have everyone to go full leverage, you shouldnt be be letting them go that far.

Do you understand what your doing by letting the world know you cant afford to give out more ?

But, Im sure you enjoy the sharp spikes down.


This is why you need to exist as an exchange outside of mtgox..

+1

Wishing Zhou would take his Margincoinica outside of Gox....

I think Zhou has stated elsewhere that he plans to start a full-fledged exchange as competition for MtGox...

Yes I know. Does he need any help?

and how it all began ... (a little self-esteem) :) :) :)

https://bitcointalk.org/index.php?topic=57178.msg682428#msg682428 (https://bitcointalk.org/index.php?topic=57178.msg682428#msg682428)

Whats so funny about it ? :D

My point being, as a customer, I should never see the limit.  Nor should anyone else.

Of course, but thats not what im talking about.

Its being leveraged to much, hes over extending himself on the behalf of its users, and the starfish is a result of that.

Its adding noise to the market..

A false price. a leveraged price that just causes wild swings so long as hes on mtgox..

So lets rape away! a pig like this you dont eat all at once!  lmao  love that joke someone posted

They should be offering 25:1 leverage.

9000:1 or go home.

We are a dark net, why stop there?  200:1

Bitcoinica should have low limits at a max of 50Btc. Then the leverage isn't an issue and the big players aren't tempted to run squeezes or even use bitconica for their own purposes.

There wouldn't be such squeezes if people stop playing around with the spare change they find in their couch and instead treat bitcoin as a serious currency.  Get more money or get squeezed out.

if 6 is the new 7, does that mean 4 will be the new 3?