Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: 15_year_old_blonde on June 11, 2011, 01:40:10 AM



Title: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: 15_year_old_blonde on June 11, 2011, 01:40:10 AM
i started when it was $6, sold it at $20 and made $45K.

so i leveraged 60 to 1 and piled in when it hit $30.1, but today when it dropped over 20% i was forced to cut all my positions, and lost 110K in the process!

how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: Oldminer on June 11, 2011, 01:41:59 AM
I woke up this morning. How did this happen?


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: Rob P. on June 11, 2011, 01:45:32 AM
Welcome to volatile markets.  That means they go up AND down, sharply.

If you can't handle the losses, don't play.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: jhansen858 on June 11, 2011, 01:46:56 AM
So you got super greedy and are wondering why you now have nothing?

Sounds legit.



Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: Anonymous on June 11, 2011, 01:51:44 AM
there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

Wow, this has absolutely made my night. Hahaha.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: gigitrix on June 11, 2011, 01:52:57 AM
I don't know how anyone dare play the markets like that...


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: DividingSolid on June 11, 2011, 01:55:06 AM
how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

Is not sure if joking.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: gigitrix on June 11, 2011, 01:56:59 AM
how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

Is not sure if joking.

The exclamation mark suggests to me that he's trying to be funny, but I could be wrong...


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: randomguy7 on June 11, 2011, 02:04:46 AM
Is the OP a spam bot? check: nickname, signature, weird posts (automatically stolen from somewhere else?).


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: DividingSolid on June 11, 2011, 02:06:40 AM
how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

Is not sure if joking.

The exclamation mark suggests to me that he's trying to be funny, but I could be wrong...

I wonder who he would want to be this central authority? Assuming that he isn't making a joke.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: Quantumplation on June 11, 2011, 02:11:29 AM
how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

Is not sure if joking.

The exclamation mark suggests to me that he's trying to be funny, but I could be wrong...

I wonder who he would want to be this central authority? Assuming that he isn't making a joke.

I'll do it.  Send me 5% of your bitcoins every day, and don't spend anywhere else.  As long as you follow my instructions, I promise you won't lose more than 5% of your bitcoins per day.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: DividingSolid on June 11, 2011, 02:13:11 AM
Will you make more bitcoins if we have a crash?


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: Quantumplation on June 11, 2011, 02:14:34 AM
Will you make more bitcoins if we have a crash?

Sure, I'm always mining.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: Anonymous on June 11, 2011, 02:16:13 AM
You know, it's a damn shame we can't put guns to you people online and force you all to give restitution to this poor victim. What a terrible state of affairs.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: DividingSolid on June 11, 2011, 02:18:27 AM
You know, it's damn shame we can't put guns to you people online and force you all to give restitution to this poor victim. What a terrible state of affairs.

It could be like the Soviet Union! We need the government to regulate us because we are too stupid to do anything [/sarcasm]


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: DamienBlack on June 11, 2011, 02:22:03 AM
Guys, why are you taking him seriously? Who lets you leverage bitcoins 60 to 1? No one, it's a joke. Chill.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: DividingSolid on June 11, 2011, 02:23:47 AM
Guys, why are you taking him seriously? Who lets you leverage bitcoins 60 to 1? No one, it's a joke. Chill.

Shh play along.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: Anonymous on June 11, 2011, 02:41:22 AM
Guys, why are you taking him seriously? Who lets you leverage bitcoins 60 to 1? No one, it's a joke. Chill.

Maybe the bank lent them fiat so they could buy bitcoins  :D


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: Quantumplation on June 11, 2011, 02:42:45 AM
Guys, why are you taking him seriously? Who lets you leverage bitcoins 60 to 1? No one, it's a joke. Chill.

Wait, there was an ounce of seriousness anywhere in this thread?  How'd I miss that one? o.O


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: cypherdoc on June 11, 2011, 03:32:02 AM
i started when it was $6, sold it at $20 and made $45K.

so i leveraged 60 to 1 and piled in when it hit $30.1, but today when it dropped over 20% i was forced to cut all my positions, and lost 110K in the process!

how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

you're a troll.  first of all a 15 yo can't get a hold of leverage, let alone 60-1.  this kinda sophisticated talk makes me think you're a f*cking Wall Street punk who wants to scare everyone here into to selling to you.  don't sell to this weenie.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: TTBit on June 11, 2011, 03:37:15 AM
My story is just the opposite: I sold short around $6, bought it back around $20, was down close to $50k. But I then leverage up and shorted at $30 and thank god some sucker sold to me after it dropped 20%, and made $100k+ in the process.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: cypherdoc on June 11, 2011, 03:41:53 AM
My story is just the opposite: I sold short around $6, bought it back around $20, was down close to $50k. But I then leverage up and shorted at $30 and thank god some sucker sold to me after it dropped 20%, and made $100k+ in the process.

just where are you shorting that kinda money?


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: StrangeLoop on June 11, 2011, 03:55:34 AM
I really hope OP is not serious. If so, welcome to the art of speculation. You can get taken to the cleaners if you don't know what you're doing. CAVEAT EMPTOR


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: Chick on June 11, 2011, 03:57:14 AM
i started when it was $6, sold it at $20 and made $45K.

so i leveraged 60 to 1 and piled in when it hit $30.1, but today when it dropped over 20% i was forced to cut all my positions, and lost 110K in the process!

how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

you're a troll.  first of all a 15 yo can't get a hold of leverage, let alone 60-1.  this kinda sophisticated talk makes me think you're a f*cking Wall Street punk who wants to scare everyone here into to selling to you.  don't sell to this weenie.

15_year_old_blond

No no, it's the "BLOND" that caught my attention.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: Oldminer on June 11, 2011, 04:04:12 AM

Wait, there was an ounce of seriousness anywhere in this thread?  How'd I miss that one? o.O

http://t0.gstatic.com/images?q=tbn:ANd9GcS2Wo10GCb2wYwQf5w8SlS811w8sbsiceaPH6vUxTc71OYt19nhBg&t=1


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: matt.collier on June 11, 2011, 08:08:50 PM
i started when it was $6, sold it at $20 and made $45K.

so i leveraged 60 to 1 and piled in when it hit $30.1, but today when it dropped over 20% i was forced to cut all my positions, and lost 110K in the process!

how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

Where are you getting a margin to trade in bitcoin?


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: soades on June 11, 2011, 08:15:01 PM
i started when it was $6, sold it at $20 and made $45K.

so i leveraged 60 to 1 and piled in when it hit $30.1, but today when it dropped over 20% i was forced to cut all my positions, and lost 110K in the process!

how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!



To big to fail, need a government influx of taxpayer dollars to make you whole again.


Title: Re: I got a margin call, was forced to sell, and lost my entire life savings.
Post by: Justsomeforumuser on June 11, 2011, 08:18:11 PM
The nick didn't give it away for all the people replying? Huh.