ah i see. i covered my position with USD to avoid the mathematical complexity of doing so with bitcoin, but shorting with a large tradable balance in USD affords me little opportunity to profit from the leverage. i caught the drop though, and profited a small amount, so all in all a pretty good first run with bitcoinica.

that was a great read for risk management but i still don't understand the point of leverage if my p/l is solely calculated by the size of my actual position. is leveraging just to inflate my "tradable balance"?

thanks for the replies! question -- why is my unrealized p/l just the difference between my base price and the current price times the size of my position? with 2.5x leveraging, shouldnt my profits/losses be multiplied by that much?

can anyone walk me through how to use the bitcoinica interface to, say sell short? i know very little about margin calls, leverage, et cetera. i already have a position and am a little anxious because i don't really know what all the values signify. help would be much appreciated 

indicators respond to the actions of traders, because they are all based on price and volume.



-acc/dist keeps going down yet price is stable. i can now confirm the OP, that $5.20 will definitely be the bottom, as long as the acc/distr line foreshadows a reversal soon.

-mass index is ready for another price movement

-william's and ultimate oscillators both scream short-term oversold.

so listen to crypt and take this opportunity to pump up that long!

also, i hope you're enjoying my analysis; i've been thinking of doing a subscription-type service i just don't know how big my fan club is xP i haven't really gotten any votes on the 'your favorite speculator" thread.

BIG move up coming. Acc/Distr has still been decreasing the whole time the price has been rising, but now seems like it maybe be finally bottoming out. aroon and adx both show continuation patterns suggesting a strong bullish move soon. after the consolidation/correction described in this thread is over, we may see the largest rally since the push to $7.00. the price may even be strong enough not to correct at all, and to consolidate along the resistance at $5.35 and then launch from there.

because there is still debate over whether or not this is a reversal. the price movement now is an important signalling factor.

that is incorrect. the end-december rally was much larger. futhermore, the size of this movement is exactly my point -- we've overstepped the rates of growth leading off of the last bubble, and since the growth patterns are nearly identical everywhere else it makes me suspicious whether or not this is stable. i just think we'll retrace to $5.20 before resuming UP.

so this is clearly a reversal, but rather early if you compare the shapes of the tail end of the bubble to that of the echo bubble (they're nearly identical, it's amazing). so we're definitely overdue for a correction. $5.20 will be an important level of support, but we may break that and bounce of $5.05 (the last level of support before the recent knife).

i wouldn't think that relationship should hold as a rule. and i suspect people have been migrating from mtgox to other, actually functional tickers like clark moody's.

it's been more than 24 hours now since my 100 btc withdrawal. no transaction has been initiated in the blockchain. what should i do?

i found the site through the signature of a well-respected member. i was just surprised at the lack of 'action'. i guess i shall be moving my btc elsewhere.

just made an account and deposited a good amount of btc. but the tables are all empty? i hope this was not uncovered as a scam or the site is in disuse such that i may not get my bitcoins back... anyone know?

1. i don't, but it's part of his campaign
2. this post was incredibly sarcastic and shouldn't be taken seriously at all
3. i just wish there was some way to restructure the global economy so that it's not just a giant pyramid scheme where the rich sit on top.

haha exactly my thoughts:

wish i had screen capped. maybe that would help me 'get over myself'. i'm just trying to have a pleasant conversation here...

i'd estimate about 20k. it was sloped too, orders placed at even intervals, all with sizes powers of 2. so what exactly is going on here?

i don't think so... i've seen the glitch before. it appears as though a large order will 'flicker', leaving ghostlines. the huge wall of support however is actually gone, as evidenced by the data on clark moody's ticker. and it was there for a few hours. same cycle happened in the early hours of this morning.

this is hilarious. powers-of-two-that-be manipulator keeps building up and removing wall at $4.90 to spook people. enticing the bull trap and it's not going to work. he shouldn't have left the support there so long to begin with, he would've been able to get some cheap cheap bitcoins. as for now, we're going up up up mr binary be damned.

yes, and hopefully before he completely dismantles the federal government and the 1/2 of americans who are considered "low income" fall the rest of the way through the social safety net, ushering in a new and historically unprecedented era of class division in the united states.

actually, that sounds like the recipe for class war, the only thing powerful enough to bring fat cats to their knees. bring it, paul!

we've already seen what you call contribution