I completely misunderstood. I thought you were selling. Ok.

How much bitcoin are you looking to get for 56EUR? I could give 0.1

Invest in reddcoin. Its going places.

Hey,

Can you decrypt a rdd (reddcoin) walled.dat?

Hello,

I have a RDD wallet with 235k in it. I lost my password.
If someone can decrypt it for me, I will give them half.

Thanks.

PS: Do not PM me. Write here if you think you can do it.

How much do you want for it?

GBP/USD closed at 1.5482 after a very strong session with a rise of more than 140 pips.

When your thoughts form insinde your brain do you bother to stop for a second and realize what they mean?

It's obvious that you're the kind of person which is always in denial. When I said 70% selling and 30% buying I meant orders, not people.

For instance if there are 70000 sell orders for 70,000BTC and 30000 buy orders for 30,000BTC.

If the price increased twice overnight it would be impossible to fill all orders since demand will decrease dramatically.

Only when price drop people will want to sell.

There - pure and simple.

My logic is really simple. You said it - "The people who want to buy the bitcoins are the ones providing the liquidity". Sure. But if 70% are selling and 30% are buying do you really think that all positions will be fulfilled?

Yes there is - it's called reality. It's a douche chill. It's even worse. It's not about fractions. It's about greed. That's what you people do not get.

You calculate formulaes and supply and demand, but no one mentions greed. When price skyrockets people sell and the price decreases. Then at a certain point everyone will start selling and there will be problems. That's a guarantee.

Hah! Interesting! That's cool.  So the currency has a history.

Gold at 1474 this morning. Buy time.

You obviously know nothing about forex. Increased leverage decreases the risk of margin call. Why? Because you need less money to open a position with the same profit/loss per pip, which leaves you with more room and way higher margin level.

Margin level is the corelation between the margin required and the free margin (available cash). You divide the cash by the money needed to open a position. And the percentage represents your margin level.

For instance. I needed 300$ in order to open my position. I have 5grand - which leaves 4700$ free margin. So my margin level is 4700/300 * 100 = 1566.66%.

Margin level has to be 10% in order to stop out. Right now it's almost 2000%, since I am already at 1000$ profit, and I put a stop loss at a higher level of position value.

Of course if one is a greedy idiot an opens an insanely huge order that creates risk, but it is not due to leverage. It's because of stupidity.

I have 5 grand in my account so I could take up to 467 pips of loss before margin call.

I do not follow the chart 24/7 I just check it every morning.

Yes, but in order to facilitate trades, people need to BUY and sell.

And if price skyrockets, I guarantee that people will mostly want to SELL.

Unable to handle those and not having enough cash, all orders past a certain level will be cancelled.

By the way it is now 1.5404 so I'm +540$.

Leverage means that my margin levels are lower and I can open a position with a lot less money than I have. It has nothing to do with per pip profit.

If position size is 0.1 lot 1 pip profit/loss equlas one dollar. For 1 lot, 1 pip is 10$ of profit/loss. Period.

Leverage gives me the opportunity to open a position with smaller risk.

For instance - if leverage was 1:100 i'd need 1530$ to open a position. With leverage 1:500 i open the same position for 300$, thus significantly lowering the risk of margin call. Stop out level is 10%. Meaning I have to have less than 30$ in my balance.

And I opened my position at 1.5350. Now it is 1.5288 - it fell from 1.5317 this morning, so now I'm 620$ back.

However in 2 months I will be cashing +15000 - 20000$ out.

Update 15.04.2013 - 18:43 - Sofia Time: Gold rose up 120$ up to 1443.80 - thats 2400 pips - a potential 24000$ profit. If it breaks and closes above 1450 it means that it's buy time again.

So option 2 looks like the real deal to me.

Update 25.04.2013 - 10:06 - Sofia Time: Slight pullback to 1.5313. Nevertheless market should not go lower. By now I am at -370$.



If it breaks the 1.5350 again it will be a huge buy opportunity.

Agreed. However, not all bitcoins will be sold. Exchanges do not have that much money.
Total capitalization is ~ 3,207,666,840.00$ by now.

Exactly. Since they do not accept cards, funding USD will be very time consuming.