Bitcoin Forum

Economy => Speculation => Topic started by: blatchcorn on October 07, 2014, 07:11:07 AM



Title: Now is the time to go all-in with maximum leverage
Post by: blatchcorn on October 07, 2014, 07:11:07 AM
There is now an incredible amount of smart money in Bitcoin:
http://mobile.nytimes.com/blogs/dealbook/2014/10/06/blockchain-is-latest-bitcoin-start-up-to-lure-big-investment/ (http://mobile.nytimes.com/blogs/dealbook/2014/10/06/blockchain-is-latest-bitcoin-start-up-to-lure-big-investment/)

Bitcoin is not just the playground of speculators, the reality is that the best programmers and most powerful business people in the world see the potential in Bitcoin.



Title: Re: Now is the time to go all-in with maximum leverage
Post by: Wilhelm on October 07, 2014, 07:19:29 AM
tl;dr went all-in with max leverage  ::)


Title: Re: Now is the time to go all-in with maximum leverage
Post by: Rat_Poison on October 07, 2014, 07:24:36 AM
Didn't you say last week that we wouldn't go any lower than $360, and that was the time to buy? lol, I don't think you're giving this bear market enough credit.

Pro tip: Never fight the tape!


Title: Re: Now is the time to go all-in with maximum leverage
Post by: standalone13 on October 07, 2014, 07:30:31 AM

Bitcoin is not just the playground of speculators, the reality is that the best programmers and most powerful business people in the world see the potential in Bitcoin.


This could help bitcoin to spread all over,  but anyways i think this is just a long term question


Title: Re: Now is the time to go all-in with maximum leverage
Post by: dothebeats on October 07, 2014, 08:39:47 AM
If the price drops down to $320 or somewhere near that range, I'll definitely buy some for my stash and add some rocket fuel to the moon. I still believe that this recent crash is just another part of a bigger movement. My basis? Some speculation of my own and a very little knowledge about graphs, charts, and how the markets move.


Easy and get a hodl of that coins. You'll never regret it. ;)


Title: Re: Now is the time to go all-in with maximum leverage
Post by: Tzupy on October 07, 2014, 11:48:46 AM
OP, you should at least remind people to put a wise stop loss. Right now it's 320$ and if support at 275$
won't hold after the consolidation ends, it's going to be a landslide, and max leveraged longs will lose all.
If support at 275$ will hold and a double bottom will form, then it may be worth risking max leverage long.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: NotLambchop on October 07, 2014, 12:12:34 PM
http://s28.postimg.org/4wf32ud1p/Capture.jpghttp://s2.postimg.org/a6pla3555/ohyou.gif


Title: Re: Now is the time to go all-in with maximum leverage
Post by: piramida on October 07, 2014, 12:14:29 PM
OP, you should at least remind people to put a wise stop loss. Right now it's 320$ and if support at 275$
won't hold after the consolidation ends, it's going to be a landslide, and max leveraged longs will lose all.
If support at 275$ will hold and a double bottom will form, then it may be worth risking max leverage long.

this battle at $300 reminds me very much of the battle at $3. was the same sentiment, the final border etc, if it gets breached all is lost, and of course it did get breached, and went to $2.22 and many things happened after that...

but my point being - now looking back at that month it seems like we were kids playing in a sandbox. $2 $3 who the hell cares should've just bought you MORONS.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: Bogleg on October 07, 2014, 12:17:00 PM
tl;dr went all-in with max leverage  ::)

He will go broke even if he is right in the long run. A small dip in price will wipe him out.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: uhoh on October 07, 2014, 12:21:19 PM
Hopefully they can use some of that money to fix all the bugs and glitches that started after the database outage earlier in the year. Didn't realise Ben Reeves was still involved. The whole thing ran much more smoothly when it was just his one man band.

EDIT: Maybe they can start by fixing their incredible accurate graphs

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


Title: Re: Now is the time to go all-in with maximum leverage
Post by: NotLambchop on October 07, 2014, 12:23:57 PM
...
but my point being - now looking back at that month it seems like we were kids playing in a sandbox. $2 $3 who the hell cares should've just bought you MORONS.

Yeah, and if we were now trading @ $10k/BTc like the lunatic fringe has predicted, the same would apply to buying @ $1,200.
>Emotional.
>Flinging insults.
>Caplock.

I'd say you're a touch overinvested :-\


Title: Re: Now is the time to go all-in with maximum leverage
Post by: ravenjt on October 07, 2014, 08:53:32 PM
Its pretty obvious that Pirimida has lost a fortune at current prices. Ruined, and hes trying to hide it from his family.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: xDan on October 07, 2014, 08:59:17 PM
I wish I could be bothered to learn about this trading stuff.

is there any noob guide?

but maybe I should stay clear.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: inca on October 07, 2014, 10:47:09 PM
Its pretty obvious that Pirimida has lost a fortune at current prices. Ruined, and hes trying to hide it from his family.

He and others were advocating noobs to buy when we were up over $1'000 USD last year, so lots of people underwater here, it make them very irritable at non-believers so they call "troll". In their deepest hart they still believe, only hold more and problem will be fixed  :-\

Not why newbie trolls who clearly don't have a pot to piss in (hence messing around with leverage) are arguing that pirimida is ruined and hating on him because he is a bull. You are all bulls too, but just don't want to admit it.

He was posting on this forum when btc was sub 5 dollars. Even today when we are 70% down from ATH and trading at just 330 dollars he is so massively up that you little minnows can never hope to catch up. You know it of course and it hurts!

Edit: Leverage is fun but not recommended unless you want to turn a large amount of money into a small one. Hint to the superstar traders on here: noone thinks they will lose their trading account (you can beat the market right?), but in the end 90% do.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: Business on October 07, 2014, 10:50:47 PM
that means its time tu buy or time to sell?


Title: Re: Now is the time to go all-in with maximum leverage
Post by: Wilhelm on October 07, 2014, 10:59:00 PM
that means its time tu buy or time to sell?

Doesn't matter, result will be the same....

All-in is the keyword.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: Odalv on October 07, 2014, 11:29:51 PM
Its pretty obvious that Pirimida has lost a fortune at current prices. Ruined, and hes trying to hide it from his family.

I'm not sure you can count to 10.

example (2013):
You can buy 1.1.2013 at $12-13 (let's say 10 btc -> you invest $130)
Then you can sell in december @ $1100 (let's say 1 btc -> you withdraw $1100)

USD profit: $1100 - $130 => $970  ( 7 x your investment )
BTC profit: 9 btc ( @ $300 it is $2700 => 20 x your investment )


Title: Re: Now is the time to go all-in with maximum leverage
Post by: fewcoins on October 08, 2014, 01:07:00 AM
Its pretty obvious that Pirimida has lost a fortune at current prices. Ruined, and hes trying to hide it from his family.

I'm not sure you can count to 10.

example (2013):
You can buy 1.1.2013 at $12-13 (let's say 10 btc -> you invest $130)
Then you can sell in december @ $1100 (let's say 1 btc -> you withdraw $1100)

USD profit: $1100 - $130 => $970  ( 7 x your investment )
BTC profit: 9 btc ( @ $300 it is $2700 => 20 x your investment )

Whats the point of giving indications of past performance? Those highs only happened because of mt gox & their willy bot... These levels will never be reached again!


Title: Re: Now is the time to go all-in with maximum leverage
Post by: alexeft on October 08, 2014, 04:35:03 AM
Its pretty obvious that Pirimida has lost a fortune at current prices. Ruined, and hes trying to hide it from his family.

I'm not sure you can count to 10.

example (2013):
You can buy 1.1.2013 at $12-13 (let's say 10 btc -> you invest $130)
Then you can sell in december @ $1100 (let's say 1 btc -> you withdraw $1100)

USD profit: $1100 - $130 => $970  ( 7 x your investment )
BTC profit: 9 btc ( @ $300 it is $2700 => 20 x your investment )

Whats the point of giving indications of past performance? Those highs only happened because of mt gox & their willy bot... These levels will never be reached again!

It was not just gox, the prices were real, at least the biggest part of them.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: piramida on October 08, 2014, 05:25:29 AM
Its pretty obvious that Pirimida has lost a fortune at current prices. Ruined, and hes trying to hide it from his family.

He and others were advocating noobs to buy when we were up over $1'000 USD last year, so lots of people underwater here, it make them very irritable at non-believers so they call "troll". In their deepest hart they still believe, only hold more and problem will be fixed  :-\

You have proof or talking out of your ass as usual? If you are, please stop, it smells.

As for "lost a fortune", yeah, right. I have much more btc now than at the beginning of 2014, and much more usd than at the beginning of 2013, that would be all you need to know unless you're from IRS :)

I'm telling you now, silly, if you also want to be rich, the time to invest would be now. If you don't have much, well, try to push your luck and wait for lower prices, sure. Just don't complain later on about unfair distribution and early adoption, you poor bastard. You are blowing chance after chance to become one.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: money420weed on October 08, 2014, 06:13:37 AM
Hopefully they can use some of that money to fix all the bugs and glitches that started after the database outage earlier in the year. Didn't realise Ben Reeves was still involved. The whole thing ran much more smoothly when it was just his one man band.

EDIT: Maybe they can start by fixing their incredible accurate graphs

https://i.imgur.com/FLpCPrR.png
Well that graph may or may not be inaccurate as it is one that shows how much a specific address received per day and it would be possible that it received large amounts on several days.

I would speculate that blockchain will use much of it's new funding to build new features and products.

I do not think it is wise to use leverage with bitcoin as it makes it easy for you to lose everything when you see even a modest price decline you could get a margin call


Title: Re: Now is the time to go all-in with maximum leverage
Post by: CryptoCarmen on October 08, 2014, 12:37:18 PM
There is now an incredible amount of smart money in Bitcoin:
http://mobile.nytimes.com/blogs/dealbook/2014/10/06/blockchain-is-latest-bitcoin-start-up-to-lure-big-investment/ (http://mobile.nytimes.com/blogs/dealbook/2014/10/06/blockchain-is-latest-bitcoin-start-up-to-lure-big-investment/)

Bitcoin is not just the playground of speculators, the reality is that the best programmers and most powerful business people in the world see the potential in Bitcoin.



Whose playground is it now if not of the speculators?


Title: Re: Now is the time to go all-in with maximum leverage
Post by: chessnut on October 08, 2014, 12:43:25 PM
please dont go in all leverage, not the next 24 hrs.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: fewcoins on October 08, 2014, 02:39:17 PM
Its pretty obvious that Pirimida has lost a fortune at current prices. Ruined, and hes trying to hide it from his family.

I'm not sure you can count to 10.

example (2013):
You can buy 1.1.2013 at $12-13 (let's say 10 btc -> you invest $130)
Then you can sell in december @ $1100 (let's say 1 btc -> you withdraw $1100)

USD profit: $1100 - $130 => $970  ( 7 x your investment )
BTC profit: 9 btc ( @ $300 it is $2700 => 20 x your investment )

Whats the point of giving indications of past performance? Those highs only happened because of mt gox & their willy bot... These levels will never be reached again!

It was not just gox, the prices were real, at least the biggest part of them.

Actually no, the exchanges follow each other more or less, only off by a couple %'s max... Gox was way ahead of others no matter what. This was from all the fake money being poured in. Read up!!


Title: Re: Now is the time to go all-in with maximum leverage
Post by: riiiising on October 08, 2014, 03:13:12 PM
Might just do that. Sounds like an interesting tip, seems like I can take your word for it!


Title: Re: Now is the time to go all-in with maximum leverage
Post by: riiiiising on October 08, 2014, 03:57:54 PM
Going max leverage is risky, and probably shouldn't be done with any single investment. Lots of people lost their shirts this week with GTAT, go online to read some of the sob stories.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: ask on October 08, 2014, 04:00:07 PM
Might just do that. Sounds like an interesting tip, seems like I can take your word for it!

NEVER use max leverage! Control  your greed.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: Dafar on October 08, 2014, 04:05:38 PM
OP, you should at least remind people to put a wise stop loss. Right now it's 320$ and if support at 275$
won't hold after the consolidation ends, it's going to be a landslide, and max leveraged longs will lose all.
If support at 275$ will hold and a double bottom will form, then it may be worth risking max leverage long.

this battle at $300 reminds me very much of the battle at $3. was the same sentiment, the final border etc, if it gets breached all is lost, and of course it did get breached, and went to $2.22 and many things happened after that...

but my point being - now looking back at that month it seems like we were kids playing in a sandbox. $2 $3 who the hell cares should've just bought you MORONS.

But how come "this time it's always different"? Is it because I am not destined to make a profit?


Title: Re: Now is the time to go all-in with maximum leverage
Post by: piramida on October 08, 2014, 04:06:35 PM
OP, you should at least remind people to put a wise stop loss. Right now it's 320$ and if support at 275$
won't hold after the consolidation ends, it's going to be a landslide, and max leveraged longs will lose all.
If support at 275$ will hold and a double bottom will form, then it may be worth risking max leverage long.

this battle at $300 reminds me very much of the battle at $3. was the same sentiment, the final border etc, if it gets breached all is lost, and of course it did get breached, and went to $2.22 and many things happened after that...

but my point being - now looking back at that month it seems like we were kids playing in a sandbox. $2 $3 who the hell cares should've just bought you MORONS.

But how come "this time it's always different"? Is it because I am not destined to make a profit?

"profit comes to those who have patience" - investing age wisdom 101.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: riiiising on October 08, 2014, 04:09:46 PM
Going max leverage is risky, and probably shouldn't be done with any single investment. Lots of people lost their shirts this week with GTAT, go online to read some of the sob stories.

You sound quite pessimistic for your daring name!


Title: Re: Now is the time to go all-in with maximum leverage
Post by: riiiiising on October 08, 2014, 04:11:26 PM
Going max leverage is risky, and probably shouldn't be done with any single investment. Lots of people lost their shirts this week with GTAT, go online to read some of the sob stories.

You sound quite pessimistic for your daring name!

No, I'm always for going all in with bitcoin, but going max leverage is risky, in case of a black swan event. You never know, right?


Title: Re: Now is the time to go all-in with maximum leverage
Post by: uhoh on October 08, 2014, 04:18:07 PM
Hopefully they can use some of that money to fix all the bugs and glitches that started after the database outage earlier in the year. Didn't realise Ben Reeves was still involved. The whole thing ran much more smoothly when it was just his one man band.

EDIT: Maybe they can start by fixing their incredible accurate graphs

https://i.imgur.com/FLpCPrR.png
Well that graph may or may not be inaccurate as it is one that shows how much a specific address received per day and it would be possible that it received large amounts on several days.

I would speculate that blockchain will use much of it's new funding to build new features and products.

I do not think it is wise to use leverage with bitcoin as it makes it easy for you to lose everything when you see even a modest price decline you could get a margin call

I was alluding to the fact that the scale is all zeros and there is no data for any of the days showing as positive.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: FUR11 on October 08, 2014, 04:57:09 PM
Going max leverage is risky, and probably shouldn't be done with any single investment. Lots of people lost their shirts this week with GTAT, go online to read some of the sob stories.

Do you've got an example for those stories? Or some link to a forum or something? I'm effectively only active in Bitcoin forums, and not 'regular' investing ones :)


Title: Re: Now is the time to go all-in with maximum leverage
Post by: riiiiising on October 08, 2014, 05:00:40 PM
Going max leverage is risky, and probably shouldn't be done with any single investment. Lots of people lost their shirts this week with GTAT, go online to read some of the sob stories.

Do you've got an example for those stories? Or some link to a forum or something? I'm effectively only active in Bitcoin forums, and not 'regular' investing ones :)

People getting 15 years of savings wiped out in one night, it's insanity.

http://www.reddit.com/r/investing/comments/2ilcgr/psa_guys_be_careful_out_there/ (http://www.reddit.com/r/investing/comments/2ilcgr/psa_guys_be_careful_out_there/)


Title: Re: Now is the time to go all-in with maximum leverage
Post by: derpinheimer on October 08, 2014, 07:35:20 PM
Going max leverage is risky, and probably shouldn't be done with any single investment. Lots of people lost their shirts this week with GTAT, go online to read some of the sob stories.

Do you've got an example for those stories? Or some link to a forum or something? I'm effectively only active in Bitcoin forums, and not 'regular' investing ones :)

People getting 15 years of savings wiped out in one night, it's insanity.

http://www.reddit.com/r/investing/comments/2ilcgr/psa_guys_be_careful_out_there/ (http://www.reddit.com/r/investing/comments/2ilcgr/psa_guys_be_careful_out_there/)

That's awful. I can't imagine how many people lost tons on that.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: wormbog on October 08, 2014, 08:22:21 PM
I sold both kidneys yesterday and used the cash to leverage up 20x on bitcoin. I'll buy them back with a portion of my earnings. The markets are looking good today but I'm feeling a bit dizzy and nauseous. Not entriely suure if I caaaaaaaaaaa


Title: Re: Now is the time to go all-in with maximum leverage
Post by: touhonoob on October 08, 2014, 08:33:03 PM
I sold both kidneys yesterday and used the cash to leverage up 20x on bitcoin. I'll buy them back with a portion of my earnings. The markets are looking good today but I'm feeling a bit dizzy and nauseous. Not entriely suure if I caaaaaaaaaaa
Where to sell my kidneys  ???


Title: Re: Now is the time to go all-in with maximum leverage
Post by: podyx on October 08, 2014, 08:37:52 PM
I sold both kidneys yesterday and used the cash to leverage up 20x on bitcoin. I'll buy them back with a portion of my earnings. The markets are looking good today but I'm feeling a bit dizzy and nauseous. Not entriely suure if I caaaaaaaaaaa

 ;D


Title: Re: Now is the time to go all-in with maximum leverage
Post by: otto93 on October 08, 2014, 08:39:55 PM
I sold both kidneys yesterday and used the cash to leverage up 20x on bitcoin


What does leverage up 20x on bitcoin mean?

I understand what plain simple buying bitcoins means, but what's leverage?

edit

I looked it up in the dictionary, which said

Investing with borrowed money as a way to amplify potential gains (at the risk of greater losses)

Is that all it means, buying bitcoins with borrowed money?


Title: Re: Now is the time to go all-in with maximum leverage
Post by: podyx on October 08, 2014, 08:42:13 PM
How does leverage work anyway

Let's say I got 1 grand that I go maximum leverage(long) with at $350/btc and I close it at $3500

How much money would I have made?


Title: Re: Now is the time to go all-in with maximum leverage
Post by: Dafar on October 08, 2014, 08:44:11 PM
I sold both kidneys yesterday and used the cash to leverage up 20x on bitcoin


What does leverage up 20x on bitcoin mean?

I understand what plain simple buying bitcoins means, but what's leverage?

edit

I looked it up in the dictionary, which said

Investing with borrowed money as a way to amplify potential gains (at the risk of greater losses)

Is that all it means, buying bitcoins with borrowed money?


Came here to ask this... what the fuck are you douche bags talking about? Just throwing in buzz words to sound smart?


Title: Re: Now is the time to go all-in with maximum leverage
Post by: piramida on October 08, 2014, 09:04:04 PM
leverage in simple terms: you want to go long leveraged x10, you give the exchange your $1000 and they buy bitcoins for you with borrowed $10,000. You are free to sell whenever you want, so you get x10 profits if bitcoins go up (you return 10k when you sell, obviously). With one catch - if "your" bitcoins value ever goes down to $9000, it will be sold immediately (usually a little bit earlier to account for slippage), so exchange will have their 10,000 back (9k from sell plus your initial investment).

So, while lucrative to make more money than your deposit otherwise allows, it is *extremely* risky and *extremely* stupid in a volatile markets such as this one. Your deposit will get wiped ("margin call"ed), sooner or later. Don't do it.

If you just buy, i.e. leverage = 1, you can easily live through prices dropping to $1 per coin and come back a winner. With x20 leverage, you will lose all when the prices drop 5%. It is not much different from taking all your money and throwing them at red in roulette several times in a row.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: zakalwe on October 08, 2014, 09:09:37 PM
leverage in simple terms: you want to go long leveraged x10, you give the exchange your $1000 and they buy bitcoins for you with borrowed $10,000. You are free to sell whenever you want, so you get x10 profits if bitcoins go up (you return 10k when you sell, obviously). With one catch - if "your" bitcoins value ever goes down to $9000, it will be sold immediately (usually a little bit earlier to account for slippage), so exchange will have their 10,000 back (9k from sell plus your initial investment).

So, while lucrative to make more money than your deposit otherwise allows, it is *extremely* risky and *extremely* stupid in a volatile markets such as this one. Your deposit will get wiped ("margin call"ed), sooner or later. Don't do it.

If you just buy, i.e. leverage = 1, you can easily live through prices dropping to $1 per coin and come back a winner. With x20 leverage, you will lose all when the prices drop 5%.

The best and wise advice I have seen on this thread since 2011.

And in this sea of bullshit, trolls, and worthless human being writing here, it deserves a major attention. Well wrote.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: otto93 on October 08, 2014, 09:16:32 PM
leverage in simple terms: you want to go long leveraged x10, you give the exchange your $1000 and they buy bitcoins for you with borrowed $10,000. You are free to sell whenever you want, so you get x10 profits if bitcoins go up (you return 10k when you sell, obviously). With one catch - if "your" bitcoins value ever goes down to $9000, it will be sold immediately (usually a little bit earlier to account for slippage), so exchange will have their 10,000 back (9k from sell plus your initial investment).

So, while lucrative to make more money than your deposit otherwise allows, it is *extremely* risky and *extremely* stupid in a volatile markets such as this one. Your deposit will get wiped ("margin call"ed), sooner or later. Don't do it.

If you just buy, i.e. leverage = 1, you can easily live through prices dropping to $1 per coin and come back a winner. With x20 leverage, you will lose all when the prices drop 5%.

The best and wise advice I have seen on this thread since 2011.

And in this sea of bullshit, trolls, and worthless human being writing here, it deserves a major attention. Well wrote.

Thanks for the great explanation and advice. Is margins getting called part of the reason for those huge drops straight down in price that happen every now and again?


Title: Re: Now is the time to go all-in with maximum leverage
Post by: nakaone on October 08, 2014, 10:06:13 PM
leverage in simple terms: you want to go long leveraged x10, you give the exchange your $1000 and they buy bitcoins for you with borrowed $10,000. You are free to sell whenever you want, so you get x10 profits if bitcoins go up (you return 10k when you sell, obviously). With one catch - if "your" bitcoins value ever goes down to $9000, it will be sold immediately (usually a little bit earlier to account for slippage), so exchange will have their 10,000 back (9k from sell plus your initial investment).

So, while lucrative to make more money than your deposit otherwise allows, it is *extremely* risky and *extremely* stupid in a volatile markets such as this one. Your deposit will get wiped ("margin call"ed), sooner or later. Don't do it.

If you just buy, i.e. leverage = 1, you can easily live through prices dropping to $1 per coin and come back a winner. With x20 leverage, you will lose all when the prices drop 5%.

The best and wise advice I have seen on this thread since 2011.

And in this sea of bullshit, trolls, and worthless human being writing here, it deserves a major attention. Well wrote.

Thanks for the great explanation and advice. Is margins getting called part of the reason for those huge drops straight down in price that happen every now and again?

guys no matter what your objectives and interest in bitcoin is - please do follow this advice.

the moment any serious investors sees that a market is mostly driven by this kind of investment, he does not walk away he RUNS.

edit: is there a good overview about the use of these instruments in bitcoin sphere? I heard some strange stories from china.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: podyx on October 08, 2014, 10:42:08 PM
leverage in simple terms: you want to go long leveraged x10, you give the exchange your $1000 and they buy bitcoins for you with borrowed $10,000. You are free to sell whenever you want, so you get x10 profits if bitcoins go up (you return 10k when you sell, obviously). With one catch - if "your" bitcoins value ever goes down to $9000, it will be sold immediately (usually a little bit earlier to account for slippage), so exchange will have their 10,000 back (9k from sell plus your initial investment).

So, while lucrative to make more money than your deposit otherwise allows, it is *extremely* risky and *extremely* stupid in a volatile markets such as this one. Your deposit will get wiped ("margin call"ed), sooner or later. Don't do it.

If you just buy, i.e. leverage = 1, you can easily live through prices dropping to $1 per coin and come back a winner. With x20 leverage, you will lose all when the prices drop 5%. It is not much different from taking all your money and throwing them at red in roulette several times in a row.

In that case it sounds good to go with x3 or x4 leverage
I don't think we'll go below 270
I might also go with a x10 leverage with like $800 if we have a beartrap down to ~$335 after we have gone further up

Also how safe is it to get money out of it?? Don't wanna get goxed if I were to make a killing on that site.
Any details on who owns the site and where he lives?

And if I'm going long, do I need to send dollars or do bitcoin work aswell?


Title: Re: Now is the time to go all-in with maximum leverage
Post by: btcxyzzz on October 09, 2014, 11:33:45 AM
Take a look at the graph from beginning of the year? Is this a turning point? I would say no, we're going to at least 250$ soon.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: blatchcorn on October 09, 2014, 11:56:37 AM
I am rich fellas  8)


Title: Re: Now is the time to go all-in with maximum leverage
Post by: piramida on October 09, 2014, 03:26:59 PM

And if I'm going long, do I need to send dollars or do bitcoin work aswell?

You borrow dollars to go long on BTC, bitcoins to go short. But even with x4 leverage, imagine the price getting to 300 again, you sit within 10% of your margin call, watching the ticker all day, thinking "maybe I should save remaining 10% now while it's not too late". remember, it's not free money, it's free way to no money.

That is why many forex shops won't even post your leveraged positions to the actual market - they know you will lose sooner or later, so why share your deposit with others? They just take it :)


I am rich fellas  8)

grats blatch, don't forget to stop playing and convert your win into cold-stored bitcoins ;)


Title: Re: Now is the time to go all-in with maximum leverage
Post by: xmasdobo on October 09, 2014, 04:05:02 PM
OP, you should at least remind people to put a wise stop loss. Right now it's 320$ and if support at 275$
won't hold after the consolidation ends, it's going to be a landslide, and max leveraged longs will lose all.
If support at 275$ will hold and a double bottom will form, then it may be worth risking max leverage long.

this battle at $300 reminds me very much of the battle at $3. was the same sentiment, the final border etc, if it gets breached all is lost, and of course it did get breached, and went to $2.22 and many things happened after that...

but my point being - now looking back at that month it seems like we were kids playing in a sandbox. $2 $3 who the hell cares should've just bought you MORONS.

True, it doesnt matter much even if it goes to 100. Future gains are way too big to risk a margin of 100-200 dollars at this point.


Title: Re: Now is the time to go all-in with maximum leverage
Post by: derpinheimer on October 09, 2014, 04:40:31 PM
I am rich fellas  8)

Yessir, so far your recommendation in OP would have been a great choice :)

Dont forget to take some profit on the way..