Bitcoin Forum

I'd give it a few months at this point. People need some time to refill their confidence reservoirs.

agreed 8$ is far off... but not that far off

the short term looks good too... if you waiting for the weekend dip, DON'T!
....
I wonder what waveaddict is telling his subscribers ::)

that boat has sailed and won't be coming back for a long time

I agree.  Not this year.  I think $7.20 will be the 2012 high.

Most recent sell-off is a barely noticable blip, and yet the incident that triggered it was far worse than Tradehill closing its doors IMO.


Your attempt at triple-reverse psychology will troll me no longer.

A troll within a troll within a troll.   :o

i had the best night guys!


I LOVE YOU ALL  ::) 8) :o ;D

went out and is now piss drunk  :D BUY BUY BUY

Ha - Ha! I'm surprised! This frank confession!  :o  Question: Why? Now no one will believe ..

Don't drink and trade, kids.

http://i40.tinypic.com/203x2b.png

Oops.

proudhon, all in all that trade is just as likely to make money as any short done after the big hack unless the timing
for their short was immaculate. Meaning a short at 4.80 on bitcoinica.. and even then to get out of that short would
only give you a 10 cent profit per BTC. Nothing like many people who shorted expected to happen in my opinion.

I am sitting here deciding if the short I did was a waste of time and just want out at a small profit or break even.

you want to upload the latest version of the ZT price (Min.price/Liq.price) script to take in to account of the swaps introduction, actually I wish that the script made it ZT.price as the field there

PS long with a $4.78 base price may be stuff of legend if you let it run to towards the end of year

WTF with the min price in your pic here proudhon ??
Even if it doesn't factor in the recent addition of swaps, it totally off ...

If my math is correct, your margin call/liquidation price (taking into account swap) is 2.8/2.66
Can someone confirm ? Just want to be sure my math is good

It's from an old version of Bitcoin Helper extension that I hadn't updated/uninstalled.

I confirm that I had the same error. But I will not publish here my order-book  :D :D

ignoring the swaps, I make his ZT price $2.6366

the (pre swaps) formulae for calculating the ZT price is:

entry field 1: Long / Short
entry field 2: Current Bid (changes to Ask if you've entered Short)
entry field 3: Net Value
entry field 4: Maintenance
entry field 5: Amount
entry field 6: BTC Balance

The calc then does the formulae:

F1 = Long
F2 - (F3 - F4) / (F5 + F6) = ZT

F1 = Short
F2 + (F3 - F4) / (F5 - F6) = ZT

Yes...It seems Zhou has decided to gouge his customers by upping the required BTC depth to around 2.5k BTC, whereas before this theft it was around 1k btc.

This means larger spreads and basically 50% higher fees ($15 per 100btc buy/sell). I think he might be taking the piss a little bit. I realize he has to recover his losses, but this is turning me off a little bit.

I updated the helper extension:

http://i39.tinypic.com/mtxcba.png

I chickened out and went ahead and took my profits.

just out of interest did you liquidate your position or do it with limit sell orders? No screenie available prior to cashing out I suppose?

as for regretting it, who knows short term but with that base & ZT price (which you could keep adjusting up all being well by removing margin) then I'd have just left it to snooze until 2013 & started some new Bitcoinica accounts positions

Limit sell orders.  I didn't take a screenie before.  Here's a shot of what my account looks like after:

http://i43.tinypic.com/11ukzmh.png

assuming that you added the $13 odd to your margin, then about $54 profit which is nada shoddy, over 6% return on your capital in short time even with the extra wide Bitcoinica spreads - also just out of interest were your limit sell orders staggered or just a single one for 200 BTC?

A single one for 200BTC.

Secret rocket will leave you behind now.  ;)