This doesnt look like ping pong
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How about an explanation of how these red flag events and guaranteed liquidity are not mutually exclusive?
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Yea if there is a problem, I'd rather he was spunking about on some shitty forum, rather than fixing it...
How about a notification on their site or in their own help forums? I only say here because he seems to be more active here than anywhere. How about an explanation of how these red flag events and guaranteed liquidity or not mutually exclusive?
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My co worker just had a very excited conversation with me about the Good Wife and he is thrilled that BTC is a real thing. If I tried to talk to my co workers about BTC before they thought I was crazy. Now its real to them.
Real friend tells you about Bitcoin. Friend is crazy, Bitcoin is fake money. Fictional show tells you about Bitcoin. Bitcoin is real, and I need it! A quote from the show, "Only in America is greater abstraction more desirable."Ha. So fucking true.
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Zhou how does your algorithm allow for red flag events on both the buy and sell? Is this expected/OK?
EDIT: I am done using Bitcoinica until this shit clears up. Not only does your site "Guarantee" liquidity but you are no where to be found / avoiding questions during these more and more frequent "red flag" / "*" / "illiquid" events.
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Zhou why does your algorithm allow for these red flag events to happen so often? If you are making money on every trade why do you run out of money so often?
More importantly when these red flag event occur then the market always seems to move in the opposite position (cant short = market goes up, cant go long = market decrease). Is Zhou trading against these flags and if he says no why should we believe him? He would definitely have the capital and the means to do so with bitcoinica.
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My co worker just had a very excited conversation with me about the Good Wife and he is thrilled that BTC is a real thing. If I tried to talk to my co workers about BTC before they thought I was crazy. Now its real to them.
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I wonder when the manipulator with his ~$250000 AND ~BTC50000 will start playing bitcoinica... ( https://bitcointalk.org/index.php?topic=59847.0) he could directly hammer the price down to $5.85, would this not liquidate a lot of people on bitcoinica? He could then catch all these coins raining down. I've actually thought about doing just this. Then I thought about the numerous failed attempts at driving the price down by some large holder in previous weeks. Then again, 50k leveraged at 10:1 would certainly take us to the $4 range, liquidating anyone who went long >$5... Also, he would be stupid putting $250,000 in bitcoinica. It would clear, everyone else would see the opportunity to cash out, and he would be stuck with the dreaded *BEOD (Bulls-eye of death). why put it into bitcoinica? I meant that he could dump it right on the gox market. leverage
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My intelligent side says to at least de-leverage some now... but my conspiracy side thinks that all the asks that quickly went up yesterday are about to come down even quicker...
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Zhou why does your algorithm allow for these red flag events to happen so often? If you are making money on every trade why do you run out of money so often?
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Bitcoinica's "guaranteed liquidity" = unless they run out of money.
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Hm. Now that I think about it (my short term memory isn't the best...) I may have placed several smaller orders in quick succession. It's a bit weird that the orderbook only shows a price for one of them, 6.841, executed at 6.6293, and the ones that got executed higher have no price listed.
Well, it may well be my fumble, but I do remember first hitting buy, then a few seconds later seeing the sell price skyrocket on the charts, and sure enough I was the proud owner of several bitcoins with a base price of over 7 USD. Can the "no reserve" situation cause market orders set at one price to execute at a higher price if they get held up? Do the orders get a price set if the bull's eye is winking, or do they simply get executed at any price as soon as buying becomes possible?
If you leave a market order waiting during no reserve it will get filled at whatever the price is when the winking eye goes away.
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What exactly does it mean when Bitcoinica say they have 50BTC guaranteed liquidity both ways for market orders? I thought it is a way for them to guarantee you get the price quoted if you use the instant buy function, but I placed a market order around 6.8 (it was moving pretty wildly) and had it execute for values between 6.6293 and 7.1312 during that big spike. Basically I tried to catch the downspike but before the order got executed in the queue, the upspike came.
So anyway, what exactly does the guaranteed liquidity stand for?
From http://www.bitcoinica.com/pages/faq: How do you guarantee liquidity? Bitcoinica is similar to a Forex brokerage. Besides accepting orders from our wonderful users, we also trade with other exchanges (primarily Mt. Gox) to balance our portfolio. So that we always have something for you to do margin trading or short selling without always being forced to bet against you. Currently we guarantee up to ฿50 of liquidity for market orders in both directions. Not sure that explains it, but thought I'd share. Not that it says this on the website but I think all that goes out the window when the mighty ( * ) appears.
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They are updated at different intervals. http://bitcoin.sipa.be/ is excellent and updates with every block. Hashrate is always estimated from the time between blocks. This is the real answer There is no hashrate variable to pull from the blockchain so it is calculated by the amount of time it solves blocks as a whole network...
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You sure?
Definition of infamous : deserving of or causing an evil reputation; shamefully malign; detestable, having an extremely bad reputation.
I am 100% not sure of the text book definition, all I know of is used around me, based on that only. I can see the actual one having a way more negative connotation. Even going by that though, I definitely have seen posts that were too keen on Bitcoinica, but I really feel those were the people who put money in that did not read the manual first to see what they were getting into. They are certainly no more evil than Mt Gox themselves... that is the textbook definition btw.
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Hey guys... * has been gone for a while now.
Time for a nice spike up I think It happened, but it was leveraged case the * is back. I guess Zhou only had a few G's lying around lol
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Hey guys... * has been gone for a while now.
Time for a nice spike up I think
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Infamous?
Are you sure the word is correct? (I made this language mistake in an exam before.)
I think infmaous is the perfect word. Your site is definitely known for being attached to Gox and having crazy numbers right away and of course, the site by the young kid. The more people that know about things regarding your site but probably don't even understand how it works, infamous is a great word. The fact that you keep pushing through all these little things and keep focus on your project and making sure it is the best service using the tools that are available, will hopefully make you famous. You sure? Definition of infamous : deserving of or causing an evil reputation; shamefully malign; detestable, having an extremely bad reputation.
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Since we broke through $6 two weeks ago, we have been bouncing off of $7.20. You will notice that most of these "bounces down" took us under $6.50... you will also notice that we haven't gone under $6.50 today. We are consolidating closer and closer, the ask wall is a lot bigger now but I'm not scared... Still looking bullish to me.
Still over $6.50 ... barely Im getting close to my first Zhoutonging... lol EDIT: I think I got lucky and Zhou got some more reserves just above $6.50... or I made a good call... your decision EDIT2: Already showing * again lol
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