sry - I meant hedge your position surely

which could sound even worse I guess

you can hedge her surley?

good call, the tide may well be turning



maybe 7.77 calls which was another favourite number for those doods

yep I was buying then too as long term buy & hold, for example:


Bought 8 Oct 2011 - Intersango

36.364 @ $4.28

Balance 526 BTC

Bought 8 Oct 2011 - Intersango

40 @ $3.89
31.6 @ $3.89

Balance 598 BTC

Bought 17 Oct 2011 - Intersango

50 @ $3.15
100 @ $1.57 (even though the price on MTG never fell below $2.26)

Balance 748 BTC

Bought 22 Oct 2011 - Intersango

253.93 @ $3.14

Total Balance 1,002 BTC

I just thought as everyone (nearly) was predicting a drop over the end of 2010 holiday period that it would become self fulfilling especially with bitcoinica to leverage the sentiment, when it became obvious that new money was jumping in instead I switched horses & thankfully am back in the black there just holding without any leverage for now

lol, for sure if I'd have gone long it would have crashed - the bitcoin gods just seem to love sticking it to me, every time that I buy there'll be an almost instant price spike down & visiversa, I did see the light though & went long from before xmas with increasing leverage & though nearly wipped out on a big buy at the then $5.50 top before a reverse just managed to hold the position enough to clear my previous losses & then some, so it's all good - at least atm & on paper (unrealised profits)

edit: ps this is just gambling, I'm totally long on bitcoin as holding over 6 times that as permanent investment & would have been much more except for a recent income that fell through - bitcoin gods again, as soon as I decide to up my stake by 10 times the price promptly doubles, I like to think of it as a kind of test of faith or initiation & maybe they'll treat me better further down the road

good call, I followed the herd's historical ruminations of what's likely to happen over the holiday period that time & shorted with increasing leverage from the 22nd Nov to the 1st Dec 2011, I'd lost $567 before I closed the position out

Ah home at last & I looked out of my total piece of shit & marvelled at the amazing crap to be seen there

mac auto correct for windows & vista

+666

"Of course this only apple for long positions."

apple - is that the mac auto correct, I've just got my first one & it keeps doing this, Gox it turns in to box etc

I expect as you say it wouldn't be a problem to move in to negative base price, I've put a limit sale order in for higher up the line though as until I close out the position I am still $567 down from my previous losses, though I'd be interested in any advise about why it might be advantageous to just hold it

thanks for the tip, I may sell another 28 if when we go over $7 again just to see, then eventually limit sale the rest all as one lot as I don't have a clue what a negative base price may result in, yep originally I opened the long position after depositing 300 BTC for margin (about $1,000 att), I sent them back to Gox once there were sufficient unrealised profits to act as margin, basically it's now a play with the house's money or more exactly zhoutonged shorter's money, less $567 I paid in to cover leveraged losses from shorting with those 300 over thanksgiving in order to play round 2 with them & I do appreciate that while I was down that much Bitcoinica let it ride & didn't foreclose my 300 BTC as it was a week or 2 before I could raise that amount of $ to cover my gambling losses there

I found all my limit orders were executed in a fast moving market at much better prices than I had booked them in for which was an unexpected bonus

edit: sry actually those were some market sell orders where I noticed this

e.g. from selling down a previously leveraged long position



If I took this down to just 1 BTC the base price would be miniscule

who ever invented bar codes has now got it imbedded in just about everything that is bought or sold in stores or online & they seem to have caught on OK, an illuminarty or just a wicked sense of humour - even stickered on to the back of new bibles & korans for the lolz



maybe it should be 1st, middle & last number of all BTC addresses &/or keys

64g6J4q4ccSMc5rC624djmgPdybZaFrm16

I went 100% in to gold at $666 back in March 2007, it's a good sign

I like this idea & the winner gets to win all the gains of all of the runners up say, it would be a good trading learning tool with positions/trades posted daily or weekly

Also good luck with the flipping OP

edit: yep I'd go short if the flip tells you to

I'd use a random generator rather than a coin flip to distance it from your sub/un-conscious influences as much as possible, e.g.:

http://www.random.org/

there're also cool ones based on atomic decay for free out there

& with a 3 option outcome: sell, hold or buy

start with a float of say $100 then each 24 hrs s/h/b $10 worth

& bitcoinica for the screen shots, but constant buying selling there will just lead to being eaten up by the spreads, so perhaps factor in a 1 in 10 chance of either selling or buying & a 9 in 10 chance of just holding your position

- I'd be interested in mirroring your trades too, perhaps with added variables

^ summary above up dated, I would be fasinated to see Zhou Tong's estimates for this, hey if you're watching Zhou I'll double the prizes if you win for your favourite good cause

yep, I've been genning up on this now for over 6 months & am still not confident that I get it 100%
I will need to start playing around with the wallet to get surer - I'll only send loose change to it while I practice
& even when I recon that I know pretty well how to keep it backed up & secure it will be at least 6 months more of playing around with it before I expect to feel confident enough make any long term deep storage wallets via linux which again I've only briefly looked in to over the last 3 months

indeed bitcoins, they just work, other options/intermediaries often seem to suck or at the very least appear not have got their act together as yet, a good learning experience

I even plan on actually downloading the client soon & starting to learn how a BTC wallet works with small change at first rather than just relying upon the exchanges to hold my BTC

up to now most of my BTC are at Mt.Gox so it seems about the same risk having them there as requesting/holding/using a Mt.Gox BTC code, the only problem was that it didn't get issued so what's the point, I wanted to move BTC to Mt.Gox & saw a Mt.Gox related facility so assumed that was the way to go, hopeless - from now on I just bitcoin transfer & Mt.Gox BTC codes can be for perhaps some fun other scenarios but I won't use them to transfer funds from Bitcoinica to Mt.Gox again & seriously Zhou should have a warning or pop up when they are maxed out to prevent peeps from going down that dead end route when it's so avoidable by just bitcoin transferring to one's Mt.Gox account

edit to add: I've now sent the BTC back to Bitcoinica from Gox & the Gox BTC code is fantastic for this as it's about instant - very useful in a fast moving market & most impressive service