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Author Topic: I got a margin call, was forced to sell, and lost my entire life savings.  (Read 4472 times)
15_year_old_blonde
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June 11, 2011, 01:40:10 AM
 #1

i started when it was $6, sold it at $20 and made $45K.

so i leveraged 60 to 1 and piled in when it hit $30.1, but today when it dropped over 20% i was forced to cut all my positions, and lost 110K in the process!

how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!
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Oldminer
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June 11, 2011, 01:41:59 AM
 #2

I woke up this morning. How did this happen?

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
Rob P.
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June 11, 2011, 01:45:32 AM
 #3

Welcome to volatile markets.  That means they go up AND down, sharply.

If you can't handle the losses, don't play.

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If you like what I've written here, consider tipping the messenger:
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jhansen858
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June 11, 2011, 01:46:56 AM
 #4

So you got super greedy and are wondering why you now have nothing?

Sounds legit.


Hi forum: 1DDpiEt36VTJsiJunyBc3XtG6CcSAnsQ4p
Anonymous
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June 11, 2011, 01:51:44 AM
 #5

there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

Wow, this has absolutely made my night. Hahaha.
gigitrix
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June 11, 2011, 01:52:57 AM
 #6

I don't know how anyone dare play the markets like that...
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June 11, 2011, 01:55:06 AM
 #7

how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

Is not sure if joking.
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June 11, 2011, 01:56:59 AM
 #8

how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

Is not sure if joking.

The exclamation mark suggests to me that he's trying to be funny, but I could be wrong...
randomguy7
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June 11, 2011, 02:04:46 AM
 #9

Is the OP a spam bot? check: nickname, signature, weird posts (automatically stolen from somewhere else?).
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June 11, 2011, 02:06:40 AM
 #10

how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

Is not sure if joking.

The exclamation mark suggests to me that he's trying to be funny, but I could be wrong...

I wonder who he would want to be this central authority? Assuming that he isn't making a joke.
Quantumplation
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June 11, 2011, 02:11:29 AM
 #11

how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

Is not sure if joking.

The exclamation mark suggests to me that he's trying to be funny, but I could be wrong...

I wonder who he would want to be this central authority? Assuming that he isn't making a joke.

I'll do it.  Send me 5% of your bitcoins every day, and don't spend anywhere else.  As long as you follow my instructions, I promise you won't lose more than 5% of your bitcoins per day.

 
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DividingSolid
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June 11, 2011, 02:13:11 AM
 #12

Will you make more bitcoins if we have a crash?
Quantumplation
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June 11, 2011, 02:14:34 AM
 #13

Will you make more bitcoins if we have a crash?

Sure, I'm always mining.

 
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Anonymous
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June 11, 2011, 02:16:13 AM
 #14

You know, it's a damn shame we can't put guns to you people online and force you all to give restitution to this poor victim. What a terrible state of affairs.
DividingSolid
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June 11, 2011, 02:18:27 AM
 #15

You know, it's damn shame we can't put guns to you people online and force you all to give restitution to this poor victim. What a terrible state of affairs.

It could be like the Soviet Union! We need the government to regulate us because we are too stupid to do anything [/sarcasm]
DamienBlack
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June 11, 2011, 02:22:03 AM
 #16

Guys, why are you taking him seriously? Who lets you leverage bitcoins 60 to 1? No one, it's a joke. Chill.
DividingSolid
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June 11, 2011, 02:23:47 AM
 #17

Guys, why are you taking him seriously? Who lets you leverage bitcoins 60 to 1? No one, it's a joke. Chill.

Shh play along.
Anonymous
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June 11, 2011, 02:41:22 AM
 #18

Guys, why are you taking him seriously? Who lets you leverage bitcoins 60 to 1? No one, it's a joke. Chill.

Maybe the bank lent them fiat so they could buy bitcoins  Cheesy
Quantumplation
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June 11, 2011, 02:42:45 AM
 #19

Guys, why are you taking him seriously? Who lets you leverage bitcoins 60 to 1? No one, it's a joke. Chill.

Wait, there was an ounce of seriousness anywhere in this thread?  How'd I miss that one? o.O

 
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cypherdoc
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June 11, 2011, 03:32:02 AM
 #20

i started when it was $6, sold it at $20 and made $45K.

so i leveraged 60 to 1 and piled in when it hit $30.1, but today when it dropped over 20% i was forced to cut all my positions, and lost 110K in the process!

how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!

you're a troll.  first of all a 15 yo can't get a hold of leverage, let alone 60-1.  this kinda sophisticated talk makes me think you're a f*cking Wall Street punk who wants to scare everyone here into to selling to you.  don't sell to this weenie.
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