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121  Bitcoin / Bitcoin Discussion / Re: do you engage in bitcoin gambling? on: November 12, 2013, 07:40:44 PM
Of course.

Its soooo easy.
122  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 12, 2013, 05:59:27 PM
160mg in this can alone  Shocked
123  Economy / Gambling discussion / Re: Sports betting Picks (NEW) group skype chat ( RECORD 360-105-30) on: November 12, 2013, 04:04:17 PM
I could understand mistyping 10 instead of .1 (sort of)
I cant understand mistyping 'BIG' on a .1

MY BIG play of the day Smiley! BTCBTCBTCBTCBTCBTC

and how are those affiliates coming to you by posting? lol

Not too well Sad  Ive only gotten one and it was from another forum.
124  Economy / Gambling discussion / Re: Sports betting Picks (NEW) group skype chat ( RECORD 360-105-30) on: November 12, 2013, 03:22:06 PM
I could understand mistyping 10 instead of .1 (sort of)
I cant understand mistyping 'BIG' on a .1
125  Economy / Gambling discussion / Re: Sports betting Picks (NEW) group skype chat ( RECORD 360-105-30) on: November 12, 2013, 03:17:48 PM
added a BIG play today

11/11/2013   NCABB   Davidson   ML   -1000      10

I think I can catch just 2 tips third is already gone  Sad


...

Font size and underlining mine...

I never check the spreadsheet but purely from this pov it looks like stayeduptolate is being misleading at best.

look at the bet I posted it here from bitbook so it must of been a mistake?

Ill be posting my BIG .005 bet tonight too!

gl bro!

 Roll Eyes

let me know what the pick is Smiley!

I dont have a pick, I was continuing to question your honesty.

A .005 bet cannot be BIG for me in the same way a .1 bet cannot be BIG for you.  You bet 15 BTC on Seattle and then expect us to believe that .1 is BIG?

I believe that you only bet .1 on BitBook, you are too smart to actually risk 10 BTC on one bet. 

But what you did do is pretend that you did bet 10, so in the very likely chance of a win, your online stats would be padded.  If you lose you just edit some comments and show screenshots of the real, but small, losing bet.

This is all a ploy to get referral signups.  Click mine in my sig by the way Smiley
126  Economy / Gambling discussion / Re: Sports betting Picks (NEW) group skype chat ( RECORD 360-105-30) on: November 12, 2013, 03:12:21 PM
added a BIG play today

11/11/2013   NCABB   Davidson   ML   -1000      10

I think I can catch just 2 tips third is already gone  Sad


...

Font size and underlining mine...

I never check the spreadsheet but purely from this pov it looks like stayeduptolate is being misleading at best.

look at the bet I posted it here from bitbook so it must of been a mistake?

Ill be posting my BIG .005 bet tonight too!

gl bro!

 Roll Eyes
127  Economy / Gambling discussion / Re: Sports betting Picks (NEW) group skype chat ( RECORD 360-105-30) on: November 12, 2013, 03:08:06 PM
added a BIG play today

11/11/2013   NCABB   Davidson   ML   -1000      10

I think I can catch just 2 tips third is already gone  Sad


...

Font size and underlining mine...

I never check the spreadsheet but purely from this pov it looks like stayeduptolate is being misleading at best.

look at the bet I posted it here from bitbook so it must of been a mistake?

Ill be posting my BIG .005 bet tonight too!
128  Economy / Gambling discussion / Re: Sports betting Picks (NEW) group skype chat ( RECORD 360-105-30) on: November 12, 2013, 02:33:31 PM
added a BIG play today

11/11/2013   NCABB   Davidson   ML   -1000      10

I think I can catch just 2 tips third is already gone  Sad


...

Font size and underlining mine...

I never check the spreadsheet but purely from this pov it looks like stayeduptolate is being misleading at best.
129  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 11, 2013, 09:56:25 PM
Prices for 1 oz gold on coinabul are now < 4BTC per oz. This is amazing.

https://coinabul.com/index.php/gold-weight/1-troy-ounce.html

I bought 1 oz of silver from coinabul back in the day for right around 3.5 btc.

 Cheesy Grin Grin Grin Cheesy
130  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: November 08, 2013, 02:56:39 PM
Margin requirement = STDDEV(trades of last x days/hours) * scaling_factor for example... Smiley

Then they could allow nearly any leverage, as the limiting factor would be the margin required for new positions (10% margin means in the end you can only go to 10:1 in practice, as a 100:1 leverage has to be bolstered by 10 units, making it 100:10 in the end). In calmer phases that means people get larger leverage (meaning hey still increase their risk to loose all) while if the price is more volatile, it already IS volatile, so there is no need to enforce it via leverage.

This seems like a much better way to address the risk.

Any reason this doesnt work?
131  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: November 07, 2013, 07:47:38 PM
I mean, I do agree with the better safe than sorry approach, especially with everything that has gone on in the last month.  Maybe they could play with the leverage and margin requirements and come up with a better happy medium.

The obvious risk is a flash crash forcing margins.  Is there enough liquidity with the internal exchange and bitstamp.  I don't leverage trade very often and for the most part I am a lender.  I don't like the sounds of lenders not wanting to use the site anymore, but I don't fully understand the logic, while it may limit potential profit it's still better than trading 1:1 direct on the exchanges.

I would much rather trade 1:1 than 2:1.  

Trade fees and loan interest take up a significant portion of your gains at 2:1 but your losses are still accelerated.

I feel like the advantages of leverage are lost at 2:1 but the risks are still there.

That doesn't make sense, the fees and borrowing interest are the same on the leverage portion of the money be it 2:1 or 10:1 as they are percentage based.

I can see the risk reward argument I suppose though, because in a flash crash if you lose its not all your money, but if it gains it is all yours.

Good point about the fees and interest.  Turns out Im not the brightest.

I still dont like it.

I had a 4:1 long last night.  If I knew about this I wouldnt have realized the profits.  Now I could only repoen half that position.  Shitty.
132  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: November 07, 2013, 07:21:36 PM
I mean, I do agree with the better safe than sorry approach, especially with everything that has gone on in the last month.  Maybe they could play with the leverage and margin requirements and come up with a better happy medium.

The obvious risk is a flash crash forcing margins.  Is there enough liquidity with the internal exchange and bitstamp.  I don't leverage trade very often and for the most part I am a lender.  I don't like the sounds of lenders not wanting to use the site anymore, but I don't fully understand the logic, while it may limit potential profit it's still better than trading 1:1 direct on the exchanges.

I would much rather trade 1:1 than 2:1.  

Trade fees and loan interest take up a significant portion of your gains at 2:1 but your losses are still accelerated.

I feel like the advantages of leverage are lost at 2:1 but the risks are still there.
133  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: November 07, 2013, 07:00:07 PM
Dear Customers

due to the recent market performance we believe a correction is due, sooner or later.
We don't know whether the price will touch 500$ or 1.000$ or even go higher ( we all hope so) before that.
What we know for sure is that the total amount of leveraged positions is getting bigger and bigger.
On one hand we love that, but on the other hand we understand risk and we decided to limit the maximum leverage to 2:1 for the time being.
Only new orders will be effected, leveraged positions already in place will not be subject to any change.
We do that in order to preserve our activity, but also the one of our traders.
Last but not least the big april market crash is only 7 months away and we try to learn from our mistakes.
If the volatility comes down, we will put it back to where it was.

I hope you have all a good trading day

Giancarlo
Bitfinex Team

2:1 isnt worth my time, too much risk and not enough reward...  Ive been BFX trader since the very early days, it would be sad to no longer trade on BFX.

Please fix this.  Perhaps allow grandfathered accounts a higher leverage setting?

EDIT:  Anyway BFX can calm my insolvency worries?  This change doesnt smell good...

I'm not worried about the change itself, but it does make sense to let the traders make the risk call.

IMO BFX would not have made this change unless they deemed it necessary.  It is obviously going to lose them business.

So the question is, why is it necessary?
134  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: November 07, 2013, 06:50:43 PM
Dear Customers

due to the recent market performance we believe a correction is due, sooner or later.
We don't know whether the price will touch 500$ or 1.000$ or even go higher ( we all hope so) before that.
What we know for sure is that the total amount of leveraged positions is getting bigger and bigger.
On one hand we love that, but on the other hand we understand risk and we decided to limit the maximum leverage to 2:1 for the time being.
Only new orders will be effected, leveraged positions already in place will not be subject to any change.
We do that in order to preserve our activity, but also the one of our traders.
Last but not least the big april market crash is only 7 months away and we try to learn from our mistakes.
If the volatility comes down, we will put it back to where it was.

I hope you have all a good trading day

Giancarlo
Bitfinex Team

2:1 isnt worth my time, too much risk and not enough reward...  Ive been BFX trader since the very early days, it would be sad to no longer trade on BFX.

Please fix this.  Perhaps allow grandfathered accounts a higher leverage setting?

EDIT:  Anyway BFX can calm my insolvency worries?  This change doesnt smell good...
135  Economy / Speculation / Re: Bears never learn :) on: November 07, 2013, 12:21:40 PM
...
Good luck buying an all time high.

 Grin  Roll Eyes  Tongue Shocked

Seriously?!!! HAhahaha... good luck chasing ask.


Seems like 260 is a good short

Still so?

I just closed my biggest long position ever (was 100% BTC the whole time but the long put me at 140% BTC).  Sorry for the trolling.
136  Economy / Speculation / Re: Bears never learn :) on: November 06, 2013, 09:48:45 PM
...
Good luck buying an all time high.

 Grin  Roll Eyes  Tongue Shocked

Seriously?!!! HAhahaha... good luck chasing ask.


Seems like 260 is a good short
137  Economy / Speculation / Re: Bears never learn :) on: November 06, 2013, 04:37:10 PM

Good luck buying an all time high.
138  Economy / Speculation / Re: Bears never learn :) on: November 06, 2013, 04:12:07 PM
no one shorts bitcoins

I do.
139  Economy / Speculation / Re: Pop? on: November 06, 2013, 06:32:03 AM
Oh god its really going down....
140  Economy / Gambling discussion / Re: Sports betting Picks (NEW) group skype chat ( RECORD 342-100-30) on: November 05, 2013, 09:47:33 PM
looking good on manch city Smiley

I got tired of seeing draws on my soccer picks... so

Soccer   
Juventus 2
Real Madrid 2
Draw ML   2 hours ago   3.680 / +268   ฿ 0.005   ฿ 0.0134

LOL - should have bet more than min Wink
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