I could grab a penny!  we could very well be on the verge of Proudhon pumping Bitcoin!!! lol. I just want to understand how this leveraged trading business works. It's mystifying the way you guys talk about it. how u likin this Proudhon!!!? you be makin MONEY!!! |
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i've also ceiling mounted a drop down vertical screen btwn my wife and i so that the light from the monitor doesn't wake her up during the night.
This sounds amazing. Pics? seriously?  Or at least a better description. It hangs down from the ceiling? How tall is this mount? Ragged, i'm not all about being serious; i was just kiddin  |
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I could grab a penny! we could very well be on the verge of Proudhon pumping Bitcoin!!! |
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ok, which chart is keeping up with the action better; mtgoxlive or btccharts?
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Congratulations! you guys, and gals, do great things for Bitcoin.
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The question now is: What will be the first day when we jump $2 instead of $1.5 within 24 hours?  Anyone holding at-least 100 BTC is in for some GOOD times! There will be corrections on the way, but I think we are now at the point of no return. If you have been watching/reading on Bitcoin and still are not in, act now, or regret forever... if you hesitate, you're dead. this is what yall need to do  Bitcoinica: where USD's go to die. |
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The last screenshot is showing someone who shorted for 14150 BTC. The first one is showing someone who went long for 20000BTC.
the P/L for the shorted position is blocked off i presume? |
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The question now is: What will be the first day when we jump $2 instead of $1.5 within 24 hours? Anyone holding at-least 100 BTC is in for some GOOD times! There will be corrections on the way, but I think we are now at the point of no return. If you have been watching/reading on Bitcoin and still are not in, act now, or regret forever... if you hesitate, you're dead. |
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I don't understand sorry, I started with a 300Btc deposit & went long 300 a while back, when the price rose I increased the number of bitcoins that I was long with leverage now I would like to know if I can retain my original 300 Btc long position by selling bitcoins or do I have to liquidate the whole position (or sell all little by little) in order to release the $ profit for withdrawal - sry to be such a trading noob
Yes, you have to liquidate all to realize your profit. I asked Zhou this question and his answer in other thread Hi Zhoutong, could you let us partially cash out profit from our position? Currently, we have to liquidate our position to make the profit move into USD balance, I would like to buy real BTCs using my profit balance. All your unrealized profits are automatically leveraged again for trading. Your tradable balance should already include the profits. Maybe he wants to withdraw some of the profit to his wallet outside Bitcoinica. Sorry for my misunderstanding. If you have profits to support your position, technically you can already use the Exchange or withdraw feature to do whatever you want, just like the real USD balance. However, the limit is your actual USD balance, as it can't be negative. Unfortunately but we don't offer the service to let you withdraw more USD than what you have. this is really too bad. in one of my bond accts, when the positions move up a certain % in interest payments, i will siphon the interest earned to a money mkt leaving the original investment. this is how most retired seniors work their accts (i'm not one:)) in my stock acct, if the positions appreciate by a certain %, i then am free to sell off whatever % i want to realize the profit. i usually will sell just the profit portion leaving my original positions. this way i can still be in the game while living off the profits. standard stuff. |
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Bitcoin is a fantastic, world-changing technology. But a few people are getting WAY ahead of themselves. The price of a bitcoin cannot be supported by wishes and dreams. In the end, the market will decide a price that is reflective of the underlying bitcoin economy. Bitcoin can be used as a viable trade medium at any price, granted, but at the same time it will not, and cannot, be held artificially afloat for long.
That's not what i'm seing. The BC economy is much smaller than the action on the exchanges. So the actual influence of the economy will be smaller and basicly bitcoin is played by speculators. And miners, which produce bitcoin. The economy just tags along. They had to deal with sub-1 prices, they had to deal with 30+ prices and then back to 2 and now 5 again. That price is not driven by the sales of goos or services for bitcoin. It's way too unpredictable for that. If you see a rally on the exchanges it is not because people spend bitcoin in shops. It is purely people speculating or dumping their mined coins. Those are the real factors in the price. I have been unable to find back the effects of the 'economy' (goods/services) on bitcoin pricing. But sentiment and speculation trends are easy to find. So, in fact, bitcoin has been supported by wishes and dreams all along.  This^ Market speculation will necessarily be many multiples of 'spending'... I have tried to explain this. It is not an aberration, it is how currencies work. M0 will always be a fraction of M2. Glad that there's at least a couple of people who share my view. To look for an "underlying economy" of merchants is looking at the thing upside-down. Just as with dollars, the volume of speculative exchange far exceeds the volume of commercial trade (trillions each day in Forex, while real GDP is only trillions each year). And that's with a "real currency". What if bitcoin is, as that Wired article suggests, a "meta-currency". The term implies that its primary use will be as a go-between for the real-world currencies. Price is determined by speculation, which then forms the base for commerce. Again, speculation supports commerce, not the other way around. The volume of commerce is just a fraction of the bitcoin economy, which is the huge exchange volume (speculative or otherwise) staring everyone in the face. Is there any reason or historical precedent that the commerce should come before the speculation? That seems backwards. Which came first: that bullion became valuable because it could be used to buy things, or that bullion could be used to be used to buy things because its inherent properties were conducive to storing value? +1 |
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Does anyone have sex life here, between watching and worrying about the Bitcoin action late at night?
After I wake up each morning and see Bitcoins up another .50 cents, then I have an orgasm.
Well if you lose money on the market wait at least 12 hours before you masturbate. I cannot emphasise this enough. If your brain associates losing money on the market with being quickly followed by a dopamine releasing activity (such as viewing porn) you are rewarding yourself for losing money and that's a very vicious cycle. Only reward your brain when you make money. this is turning out to be one of my favorite threads. other than Bitcoinica ones that is. i seriously was thinking of starting one myself along the lines of Sleep or Bitcoin? or Stategies for Monitoring the Bitcoin price while Sleeping. you beat me to it. |
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i've also ceiling mounted a drop down vertical screen btwn my wife and i so that the light from the monitor doesn't wake her up during the night.
This sounds amazing. Pics? seriously? |
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Two nights ago there was a massive thunderstorm here. It sounded like the world was ending. I actually went outside to make sure it was a thunderstorm and not an invasion and was relieved to see lightning flash. At some point though I remember being half-asleep half awake and hearing the storm thinking it was the btc price crashing. When I checked it in the morning it hadn't though.
what you heard was the Bitcoin price spiking. Up. |
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I get more pussy than Tampax!  Lol nice. I was having sex when the genesis block was generated but I wish I was had of known about bitcoin back then!... "Umm excuse me I need to go download something on my computer it's not porn I swear i'll be back in a minute baby!" see, you have no excuse for missing last Springs ramp. now not so much...are you dreaming again? |
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SUP AGAIN? SUP SA? SUP BUTTCOIN.ORG? SUP PROUDHON?
SUP TO EVERY GOD DAMN TROLL WHO HAS EVER STEPPED FOOT IN THIS FORUM.
SUP NOW?
FUNDAMENTALS are TOO strong to be taken down by libel or troll posting...
Now I get why the mod's in this forum simply ignore you CLOWNS.
We're going to $100 baby, and you know why? Fundamentals trump shit speculation at the end of the day....
go get 'em, Flip. |
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$9 tomorrow for sure.
Absolutely no way. I think it will stagnate at the current price for 2-3 days, then fall to 5.5 boy, you sure missed out. |
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Ragged Monk: if perfect English is so important to you, why don't you get your ass over here and answer all our questions that are piling up cuz it appears Zhou sure won't or can't.
yes, i am whining again.
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the only thing left is for you to get realtime updates during REM.
Probably the most practical way to do this would be to have a price movement to speech synthesiser of some type. You can probably pick up on sounds in the environment which come through to your dreams. good idea: shit would be a spike up and shit shit would be a spike down. |
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you know what i dream about? that little spinning thing in the right upper part of btccharts.
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