I got a margin call, was forced to sell, and lost my entire life savings.

[TTBit]

My story is just the opposite: I sold short around $6, bought it back around $20, was down close to $50k. But I then leverage up and shorted at $30 and thank god some sucker sold to me after it dropped 20%, and made $100k+ in the process.

[cypherdoc]

My story is just the opposite: I sold short around $6, bought it back around $20, was down close to $50k. But I then leverage up and shorted at $30 and thank god some sucker sold to me after it dropped 20%, and made $100k+ in the process.

just where are you shorting that kinda money?

[StrangeLoop]

I really hope OP is not serious. If so, welcome to the art of speculation. You can get taken to the cleaners if you don't know what you're doing. CAVEAT EMPTOR

[Chick]

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.

15_year_old_blond

No no, it's the "BLOND" that caught my attention.

[Oldminer]

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

[matt.collier]

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!

Where are you getting a margin to trade in bitcoin?

[soades]

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!

To big to fail, need a government influx of taxpayer dollars to make you whole again.

[Justsomeforumuser]

The nick didn't give it away for all the people replying? Huh.