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Author Topic: Get $1 Risk-free Starting Bonus for Bitcoinica Here  (Read 18917 times)
skull88
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October 23, 2011, 11:59:45 PM
 #101

You don't sell Bitcoins on Bitcoinica - for that you need to go to an exchange.

Bitcoinica lets you leverage 1:5 in BTCUSD.

I'll give a little example (though I'm a bit new myself), anyone can feel free to correct me:

You deposit 1 BTC when the market is at 5 USD/BTC. This gives you a margin of 5, with a tradable balance of 25. From here you can decide to long or short.  If you long it, you 'buy' BTC at X price in hopes it goes up.  If you long 3 BTC when it is at 5 USD, and it goes up to 6 USD, you've made 3 USD.  If you short it, you sell 3 BTC at 5 USD, and it goes down to 4 USD, you've made 3 USD.

But it isn't so easy.  On the right of your screen, you'll see that P/L, Net Balance, and Maintainence.

P/L is your current profit/loss.  Green is profit, red is loss. It'll start out as a loss every time (due to the spread).

Your Net Balance is your Margin + P/L. If your P/L is green, your margin will be higher than when you started. If it is red, your margin will be lower.

Your Maintainence is... somehting.  Not really sure.  BUT what I have read is that if your maintainence ever exceeds your Net Balance, you get a 'margin call'.  That means the market has gone too far from where you ordered and even with the 1:5 leverage you don't have enough to maintain your account - so it liquidates it. To prevent liquidations, be sure to set stop-loss orders.

Hope this helps!

edit: to clarify some things: you need to lock in your profits just like you stop-loss orders.  These are called 'limit' orders. Also you can choose to simply 'liquidate' your current position, which will lock in whatever the current market is (weather it be a profit or a loss)

Once your positions are cleared, you can choose to withdrawl MtGOX USD CODE or BTC.
Should have read this first, tried to sell 20 btc to test this out, really had no clue how I could get a balance of -$2.49857 and still had 20btc, while I sold 20 btc. lol  Cheesy

Got the 1 $ credited to my account tho

BTC: 1MifMqtqqwMMAbb6zr8u6qEzWqq3CQeGUr
LTC: LhvMYEngkKS2B8FAcbnzHb2dvW8n9eHkdp
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fennec
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October 24, 2011, 03:19:32 PM
 #102

Account is 'lobster'.

BTW, great site design.

Preev – simple Bitcoin converter with live exchange rates
whornbeck51
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October 25, 2011, 01:27:13 AM
 #103

I just signed up for an account can I get the free $1.  My username on the site is warren51.  Looks good.
CaptainDDL
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October 25, 2011, 07:16:41 AM
 #104

I'd love to try it out. My username on the site is CaptainDDL.
RyNinDaCleM
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October 26, 2011, 04:59:44 AM
 #105

User:RyN

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Bitcoin!


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October 27, 2011, 04:02:01 AM
 #106

Username: btc_novice
Thanks!

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
bulanula
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November 12, 2011, 11:59:05 PM
 #107

Can I get that $1 bonus too ?

Username is same as on here.

Thanks !
zhoutong
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November 13, 2011, 03:40:59 PM
 #108

Hi,

Everyone is credited.

Thank you for your support!

Founder of NameTerrific (https://www.nameterrific.com/). Co-founder of CoinJar (https://coinjar.io/)

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
kokjo
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You are WRONG!


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November 13, 2011, 03:44:37 PM
 #109

kokjo

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
DrKenobi
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November 16, 2011, 11:32:32 AM
 #110

drk  Smiley

http://btcjack.1btchost.com/banner.jpg
Play BlackJack with Bitcoins!
1BW5BdRdtLAany8kPQV619m24Hr5QzkNaq
Scott J
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November 16, 2011, 12:24:14 PM
 #111

scottjp

Thanks for the opportunity  Smiley

zhoutong
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November 17, 2011, 02:51:26 PM
 #112

All credited.

Thank you for your support!

Founder of NameTerrific (https://www.nameterrific.com/). Co-founder of CoinJar (https://coinjar.io/)

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
trogdorjw73
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November 26, 2011, 05:52:47 AM
 #113

Still doing the $1 free trial? If so, please credit $1 to trogdorjw73. Thanks, and I look forward to trying this out.

lord bookington
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January 16, 2012, 08:40:47 AM
 #114

jstamp

cheers
mrblu
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January 17, 2012, 07:00:55 AM
 #115

phatinc thanks Smiley

1LYyPR5Rh9nVNkD7EdzqyqKiRU5aSH9RpX :>
MasonIII
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January 17, 2012, 07:05:20 AM
 #116

MasonIII Thanks~!
zaj
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January 17, 2012, 11:44:45 AM
 #117

zaj
zhoutong
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January 17, 2012, 01:53:12 PM
 #118

I have sent 1 USD code to everyone.

Thank you for your support!

Founder of NameTerrific (https://www.nameterrific.com/). Co-founder of CoinJar (https://coinjar.io/)

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
mcilrain
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January 18, 2012, 12:11:37 AM
 #119

I'm interested.

Account name: mcilrain

If you feel like throwing some coins my way: 1MWLZ7A7ihPXEejUUMx7XQrNthrq9LPiUy
OTC rating: http://bitcoin-otc.com/viewratingdetail.php?nick=mcilrain
DoubleIcaras
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January 18, 2012, 11:00:55 PM
 #120

username: DoubleIcaras

Help support Bitcoin awareness in London! Donate to it here: 1F6MCoBMwmfpT5fruvCUjirFEybhLe5c1C
Or get involved here: https://bitcointalk.org/index.php?topic=58539.0
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