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you may have thousands of addresses in your wallet at one time and you will always retain the private keys to them despite whats going on in the unused pool.
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We have reached 2,000-user mark. To celebrate, we're glad to announce that we won't charge any extra spreads on top of market spreads in the next 12 hours. Starting: January 9, 2012 2:00 pm UTC Ending: January 10, 2012 2:00 am UTC We are paying all Mt. Gox fees incurred during this celebration. You just have to trade at the price that provides you enough liquidity! Our largest 24-hour volume ever was over 200,000 BTC. Let's see how much we can trade today! Enjoy your trading! By the way, if you still don't have an account yet, grab one at https://www.bitcoinica.com before time runs out. UPDATE: It has already started! 12 hours 3 minutes and counting... Yea, unfortunately you forced liquidated me for a price that was lower then what really occurred in the market two hours ago. Basically the way you have the site set up one large trade (that forces an unrealistic price due to your much larger then normal spreads) positions that would survive in a real market do not in yours. I only had a 3 BTC position, but I do not think I will be coming back while you are treating spikes this way. Zhoutonged! |
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they've been stuck in red flag most of the day.
i think his profits suffer when we have unidirectionality like now when no one wants to sell. more trading, more profits.
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the natives are getting restless; nothing left to do but babble.
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i love the flying shards.  I think those are raindrops on the window.  you're right! haha. don't get too close to the funnel though! |
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i love the flying shards. |
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I love how Zhou has placed the "Buy" button next to the Ask price in the instant execution window to encouraged noobs to make their BTC buys at the Ask resulting in an immediate loss on the spread to the buyer and an immediate profit for Bitcoinica.
Yea he's got himself a nice a little business. To open a position, you lose the spread (~1%) not just once, but as many times over as your leverage. So each time you open a position at five to one leverage you're basically giving him 5% of your deposit, and at ten to one its 10%. Bitcoinica daytraders would more than likely be seeing their accounts dwindling if this wasn't such a strong uptrend. Even as it is, for my risk profile its better to just hold my coin for longer-run gains and sell on mtgox (or any other real exchange). I'm not subject to a zhoutonging at every whim of the market, and I won't have to give away my (still fantastic) gains 5x over on those rare occasions when I will want to reduce my risk. Short-term traders just don't seem to realize how much your gains multiply themselves when you aren't hovering over the sell button and biting your nails during a monster fucking bull run. You just have to let them run. When you trade short-term all you're doing is giving away your gains to sophisticated market makers. You still make money, but they don't multiply when you do that. Its all in good fun though. Not like any of us here are folks desperate enough to bet more than we can afford to lose, right?  noobs get to be Mini-Zhoutonged before they get Fully-Zhoutonged. |
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thats a good one.  reeking havoc and destruction on the Bitcoin market! |
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How about I bet you 15 BTC that after 2 mo of this type of trading you will be down? I'm assuming right after the flip of the coin in the case of a sell you will execute your order via the Instant Execution tab by hitting the bid price for a sell just to make your experiment "clean". You will lose the spread after every sell tx which will eventually grind your acct down to zero. https://bitcointalk.org/index.php?topic=57178.msg680888#msg680888I'll pass, thanks, since you're probably right. I've already taken up one losing bet, don't care to add another to it. The spread is a mean SOB. Maybe this experiment will make it a bit more concrete just how important a factor that is. yes this looks like the most obvious flaw of flip plan trading, I think you need a bias towards holding your position or adding to it rather than a 50/50 switch direction & also if you do get a switch signal to then place a limit order at the current price of the instant buy price if you're selling & for the current instant sell if you're buying
Wouldn't the limit order actually create a bias towards the position I'm in? I may do that. but as it is your whole "flipist" experiment goes out the window. not a fault of the idea, just the design. |
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Nice. "The big news now is that the new Bitcoin rally will likely be even stronger than the first rally from April 2010 to June 2011." See, he said it. |
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it doesn't look like it will take that long.
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How about I bet you 15 BTC that after 2 mo of this type of trading you will be down? I'm assuming right after the flip of the coin in the case of a sell you will execute your order via the Instant Execution tab by hitting the bid price for a sell just to make your experiment "clean". You will lose the spread after every sell tx which will eventually grind your acct down to zero. https://bitcointalk.org/index.php?topic=57178.msg680888#msg680888 |
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another ascending triangle.
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I love how Zhou has placed the "Buy" button next to the Ask price in the instant execution window to encouraged noobs to make their BTC buys at the Ask resulting in an immediate loss on the spread to the buyer and an immediate profit for Bitcoinica.
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i still think you should place the vertex of where the bid ask mountains meet at the bottom in the middle of the chart.
all of us like to compare the total amts of money of each mountain against the other. my eyes immediately go to both ends of the chart to compare the relative height of the bid vs ask mountains. the ends of the chart also represent an equal difference in the price from the last price which brings symmetry and to me more information as to the buying vs selling pressure.
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The rocket refuels fuel And miners are mining new coins  And right now there are no dollars on bitcoinica:  It is strange, but at me wasn't an asterisk... Mt. Gox API isn't reliable all the time. Whenever we get an error we place a redflag. It would always be reset within 15 seconds. ************************************************************************************************ ************************************************************************************************ ************************************************************************************************ ************************************************************************************************ Please Shoot Me. |
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Yes. It is the same problem, and i can reproduce it. There is currently a bug with sending amounts smaller than one BTC. The UI simply doesn't enable/disable the button right.
I'll see if i can get a fix out by monday.
hmmm, a few wks ago i was able to send 0.9995 |
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Recently lots of people were short on bitcoinica (they were out of bitcoins for further sells). This might result in a nice litte short squeeze . how recently? Yesterday, but I don't remember the time, I saw it quite frequently. Juicy. |
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Displayed base price you are correct
Base price when you calculate in the loss from holding short all the way up to 18, cyperdoc is correct.
if the displayed base price doesn't change, that is misleading to the acct holder and could result in miscalculations if he doesn't know this fact. and that doesn't change the fact that he should cover now if the price does indeed go straight up to $18. |
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