wobber (OP)
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Activity: 1064
Merit: 1001
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October 22, 2011, 05:29:48 PM |
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Never used Bitcoinica and I don't understand how it works. If the prices are on a clear trend, can Bitcoinica make profit? Because if it's clear for even the most outsider that bitcoin price rises, he buys and waits. Profit comes. Then stop, and redo.
How does this works?
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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OgNasty
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Activity: 4732
Merit: 4248
Leading Crypto Sports Betting & Casino Platform
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October 22, 2011, 05:40:28 PM |
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Never used Bitcoinica and I don't understand how it works. If the prices are on a clear trend, can Bitcoinica make profit? Because if it's clear for even the most outsider that bitcoin price rises, he buys and waits. Profit comes. Then stop, and redo.
How does this works?
The spread between buy and sell prices is how Bitcoinica makes money. It's like paying a 0.05btc fee every time you make a trade. |
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wobber (OP)
Legendary
Offline
Activity: 1064
Merit: 1001
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October 22, 2011, 05:45:04 PM |
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Never used Bitcoinica and I don't understand how it works. If the prices are on a clear trend, can Bitcoinica make profit? Because if it's clear for even the most outsider that bitcoin price rises, he buys and waits. Profit comes. Then stop, and redo.
How does this works?
The spread between buy and sell prices is how Bitcoinica makes money. It's like paying a 0.05btc fee every time you make a trade. The from where do the money come? If I know bitcoin will be 4, and I buy at 3.10 (with breakeven at 3.20) and I put in 100 dollars (500, with 1:5 leverage) then I'll ear a lot! |
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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tvbcof
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Activity: 4592
Merit: 1276
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October 22, 2011, 05:57:47 PM |
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Never used Bitcoinica and I don't understand how it works. If the prices are on a clear trend, can Bitcoinica make profit? Because if it's clear for even the most outsider that bitcoin price rises, he buys and waits. Profit comes. Then stop, and redo.
How does this works?
The spread between buy and sell prices is how Bitcoinica makes money. It's like paying a 0.05btc fee every time you make a trade. The from where do the money come? If I know bitcoin will be 4, and I buy at 3.10 (with breakeven at 3.20) and I put in 100 dollars (500, with 1:5 leverage) then I'll ear a lot! I trust that you are going to avoid taking a stool at the poker table until you obtain a good understanding of 'from where the money comes'. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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wobber (OP)
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Activity: 1064
Merit: 1001
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October 22, 2011, 05:59:47 PM |
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??
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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piramida
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Activity: 1176
Merit: 1010
Borsche
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October 22, 2011, 06:25:48 PM |
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i am satoshi
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BadBear
v2.0
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Activity: 1652
Merit: 1127
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October 22, 2011, 06:57:16 PM |
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Never used Bitcoinica and I don't understand how it works. If the prices are on a clear trend, can Bitcoinica make profit? Because if it's clear for even the most outsider that bitcoin price rises, he buys and waits. Profit comes. Then stop, and redo.
How does this works?
The spread between buy and sell prices is how Bitcoinica makes money. It's like paying a 0.05btc fee every time you make a trade. The from where do the money come? If I know bitcoin will be 4, and I buy at 3.10 (with breakeven at 3.20) and I put in 100 dollars (500, with 1:5 leverage) then I'll ear a lot! Please don't use bitcoinica unless you know how margins, margin calls, and stop loss work. And don't take advice from people on the forums. Except mine, in this post at least  |
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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October 22, 2011, 07:35:56 PM |
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don't put money in Bitcoinica. when volatility spikes like this in a short squeeze Zhoutong will shoot clients first and you'll be allowed to ask questions later.
he's at risk bigtime since he's an illiquid leveraged market maker with a poor data feed to mtgox just like the rest of us and he'll most likely go down too taking longs with him as well.
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