shmadz
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Activity: 1512
Merit: 1000
@theshmadz
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November 15, 2014, 04:47:20 AM |
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WOW, my leveraged long seems to be gotten margin called at 382??? (we hit 381.998 but it wasn't supposed to be margin called till 358)
It said it would get margin called at 358?? What the fuck has happend??
Welcome to derivatives 101 Take heart tho, it's not a lesson that can be taught. It must be learned. What?? My average price was 375 and I get margin called at 382?  Exactly. You learn quick! You did not own the asset, you owned a claim on the asset. Paper shenanigans, and it sucks, but that's what you get, and that is how their system works. |
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shmadz
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Activity: 1512
Merit: 1000
@theshmadz
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November 15, 2014, 04:50:01 AM |
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WOW, my leveraged long seems to be gotten margin called at 382??? (we hit 381.998 but it wasn't supposed to be margin called till 358)
It said it would get margin called at 358?? What the fuck has happend??
Welcome to derivatives 101 Take heart tho, it's not a lesson that can be taught. It must be learned. What?? My average price was 375 and I get margin called at 382? Exactly. You learn quick! You did not own the asset, you owned a claim on the asset. Paper shenanigans, and it sucks, but that's what you get, and that is how their system works. What the fuck are you saying?? Are you saying some asshole decided he did not want to lend out any usd for me anymore? And he managed to do this AT THE SPLIT FUCKING SECOND we were at 382?? No. I'm simply trying to explain that there is no spoon. Edit: ok I'm sorry, that was terrible. When you give control of your money to a third party, you expose yourself to counterparty risk. |
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JorgeStolfi
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November 15, 2014, 04:50:24 AM |
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Would the ripple fans please help me understand it?
Ripple is a system, based on cryptocurrency ideas but centralized, that banks can use for international remittances and interbank transfers of national currencies.
Ripple (XRP) is also the name of an altcoin, created by the same company that is developing the Ripple system; it is somewhat linked to the system, but is not a necessary part of the system, and probably will not be used by the banks that will use the system.
Is the above correct?
Thanks...
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hyphymikey
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November 15, 2014, 04:51:01 AM |
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WOW, my leveraged long seems to be gotten margin called at 382??? (we hit 381.998 but it wasn't supposed to be margin called till 358)
It said it would get margin called at 358?? What the fuck has happend??
Welcome to derivatives 101 Take heart tho, it's not a lesson that can be taught. It must be learned. What?? My average price was 375 and I get margin called at 382? Exactly. You learn quick! You did not own the asset, you owned a claim on the asset. Paper shenanigans, and it sucks, but that's what you get, and that is how their system works. What the fuck are you saying?? Are you saying some asshole decided he did not want to lend out any usd for me anymore? And he managed to do this AT THE SPLIT FUCKING SECOND we were at 382?? What website was this on? |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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November 15, 2014, 04:51:18 AM
Last edit: November 15, 2014, 05:19:08 AM by podyx |
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No.
I'm simply trying to explain that there is no spoon.
Can you please be serious and explain cuz I have no idea what just has happend, and lost alot of money for no reason at all |
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akujin
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November 15, 2014, 04:53:48 AM |
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No.
I'm simply trying to explain that there is no spoon.
Can you please be serious and explain cuz I have no idea what the fuck just has happend, and lost alot of money for no reason at all How many positions did you open? |
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marcus_of_augustus
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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November 15, 2014, 04:55:47 AM |
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WOW, my leveraged long seems to be gotten margin called at 382??? (we hit 381.998 but it wasn't supposed to be margin called till 358)
It said it would get margin called at 358?? What the fuck has happend??
Welcome to derivatives 101 Take heart tho, it's not a lesson that can be taught. It must be learned. What?? My average price was 375 and I get margin called at 382? Exactly. You learn quick! You did not own the asset, you owned a claim on the asset. Paper shenanigans, and it sucks, but that's what you get, and that is how their system works. What the fuck are you saying?? Are you saying some asshole decided he did not want to lend out any usd for me anymore? And he managed to do this AT THE SPLIT FUCKING SECOND we were at 382?? House rules ... you give them your fiat money or your coinz you play by their rules. And all exchanges are like loaded casinos, house always wins. Unbelievable with an asset like bitcoin, the first digital asset of its kind to allow circumvention of having to deal with crappy house rules people think they are going to beat the house by trading. Take the coins of the table and leave the house is the only way you can win this game and bitcoin allows you to do this for the first time. |
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podyx
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Activity: 2338
Merit: 1035
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November 15, 2014, 04:55:55 AM |
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No.
I'm simply trying to explain that there is no spoon.
Can you please be serious and explain cuz I have no idea what the fuck just has happend, and lost alot of money for no reason at all Post How many positions did you open? This was about a long 20x leverage position that I did at $375 |
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ChartBuddy
Legendary
 Online
Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 15, 2014, 05:01:18 AM |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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November 15, 2014, 05:04:06 AM |
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House rules ... you give them your fiat money or your coinz you play by their rules. And all exchanges are like loaded casinos, house always wins.
Unbelievable with an asset like bitcoin, the first digital asset of its kind to allow circumvention of having to deal with crappy house rules people think they are going to beat the house by trading.
Take the coins of the table and leave the house is the only way you can win this game and bitcoin allows you to do this for the first time.
Can you explain please? |
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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November 15, 2014, 05:09:47 AM |
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House rules ... you give them your fiat money or your coinz you play by their rules. And all exchanges are like loaded casinos, house always wins.
Unbelievable with an asset like bitcoin, the first digital asset of its kind to allow circumvention of having to deal with crappy house rules people think they are going to beat the house by trading.
Take the coins of the table and leave the house is the only way you can win this game and bitcoin allows you to do this for the first time.
So they can just take my money how they want? Hey dude, I realize I was kinda flippant before, and I edited my post as soon as I realized what an ass I was being. Here's the lesson to take away from this experience. When you give control of your money to a third party, you expose yourself to counterparty risk.
What you experienced is similar to what happened to many people when any number of exchanges, or hosted wallets have failed. The most important lessons that must be learned are about the core of money and what it means. |
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Torque
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Activity: 3822
Merit: 5504
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November 15, 2014, 05:12:58 AM |
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Lemme help some of you new guys out. Whenever you see things like market price setting at a fake number like $399.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.
You're welcome.
(I hate this stupid market, but still hodl for life)
Ahem. |
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BayAreaCoins
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Activity: 4284
Merit: 1318
AltQuick.com Secretary/PR/Janitor
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November 15, 2014, 05:13:10 AM |
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House rules ... you give them your fiat money or your coinz you play by their rules. And all exchanges are like loaded casinos, house always wins.
Unbelievable with an asset like bitcoin, the first digital asset of its kind to allow circumvention of having to deal with crappy house rules people think they are going to beat the house by trading.
Take the coins of the table and leave the house is the only way you can win this game and bitcoin allows you to do this for the first time.
Can you explain please? What exchange are you on? Have you asked them why your position got closed yet? OKcoin Haven't asked them yet OKCoin is the shit thus far. Buy buy buy! Back to $420 |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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November 15, 2014, 05:22:01 AM |
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House rules ... you give them your fiat money or your coinz you play by their rules. And all exchanges are like loaded casinos, house always wins.
Unbelievable with an asset like bitcoin, the first digital asset of its kind to allow circumvention of having to deal with crappy house rules people think they are going to beat the house by trading.
Take the coins of the table and leave the house is the only way you can win this game and bitcoin allows you to do this for the first time.
Can you explain please? What exchange are you on? Have you asked them why your position got closed yet? OKcoin Haven't asked them yet OKCoin is the shit thus far. Buy buy buy! Back to $420 Aye aye Cap'n! Wall eating mode engaged! |
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akujin
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November 15, 2014, 05:27:23 AM |
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No.
I'm simply trying to explain that there is no spoon.
Can you please be serious and explain cuz I have no idea what the fuck just has happend, and lost alot of money for no reason at all Post How many positions did you open? This was about a long 20x leverage position that I did at $375 Maybe you have other debts and they needed to liquidate your other assets Ask them and post here their response. I'm interested to know what happened  |
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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November 15, 2014, 05:33:15 AM |
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Would the ripple fans please help me understand it?
Ripple is a system, based on cryptocurrency ideas but centralized, that banks can use for international remittances and interbank transfers of national currencies.
Ripple (XRP) is also the name of an altcoin, created by the same company that is developing the Ripple system; it is somewhat linked to the system, but is not a necessary part of the system, and probably will not be used by the banks that will use the system.
Is the above correct?
Thanks...
vaporware |
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hyphymikey
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November 15, 2014, 05:34:56 AM |
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No.
I'm simply trying to explain that there is no spoon.
Can you please be serious and explain cuz I have no idea what the fuck just has happend, and lost alot of money for no reason at all Post How many positions did you open? This was about a long 20x leverage position that I did at $375 Aren't OKCoin futures prices different than exchange price? If so, maybe the price of futures went below your margin call. I'm not sure about this though, I dont deal will futures or OKCoin, I stick with BTC.sx for leverage. EDiT: just looked on the futures chart and the price never got that low, maybe they will fix it for you. |
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Davyd05
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November 15, 2014, 05:36:28 AM |
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No.
I'm simply trying to explain that there is no spoon.
Can you please be serious and explain cuz I have no idea what just has happened, and lost alot of money for no reason at all you never go full retard? tighter stop loss? fuck da margin? |
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brg444
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November 15, 2014, 05:39:45 AM |
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Coinbase being valued at 400,000,000$ is pretty bullish.
How long until we get our first billion $ company.
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JorgeStolfi
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November 15, 2014, 05:42:21 AM |
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Would the ripple fans please help me understand it?
Ripple is a system, based on cryptocurrency ideas but centralized, that banks can use for international remittances and interbank transfers of national currencies.
Ripple (XRP) is also the name of an altcoin, created by the same company that is developing the Ripple system; it is somewhat linked to the system, but is not a necessary part of the system, and probably will not be used by the banks that will use the system.
Is the above correct?
Thanks...
vaporware Thanks... but, in my post above, please replace "is" by "is supposed to be"; my question still stands. |
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