How many of you have been Zhoutonged?

[BitMagic]

I don't.  I don't really see the usefulness of the Satoshi block chain as a replacement for our current fiat systems at this time as they are working fine and have a much more well developed supporting infrastructure (though I could imagine that changing rapidly at some point in the future.)  So, speculation in it's various forms plays a huge role in keeping Bitcoin alive and QA'd and developing.

Then I wasn't talking to you, was I? I guess I just have to spell it out for you guys. I am railing on Cypherdoc because he is  a hypocrite.

[cypherdoc]

I don't.  I don't really see the usefulness of the Satoshi block chain as a replacement for our current fiat systems at this time as they are working fine and have a much more well developed supporting infrastructure (though I could imagine that changing rapidly at some point in the future.)  So, speculation in it's various forms plays a huge role in keeping Bitcoin alive and QA'd and developing.

Then I wasn't talking to you, was I? I guess I just have to spell it out for you guys. I am railing on Cypherdoc because he is  a hypocrite.

how am i a hypocrite?

[tvbcof]

Then I wasn't talking to you, was I?  I guess I just have to spell it out for you guys. I am railing on Cypherdoc because he is  a hypocrite.

Seems that you mistakenly posted on the public forum rather than PM'ing him then.  Not an uncommon mistake for noobs.

[Nagle]

A market where everyone loses doesn't seem very realistic to me.

It seems very realistic to me. Small investors as a class lose.

[nrd525]

Don't trade on the margin.  I'm shorting and covered so long as btc doesn't hit $17.  Interest rates are 1% (at least in the US), so the cost of maintaining an account balance is minimal.

My biggest fear is that he runs away with all the money. But he seems fairly legit.  So maybe hacking is the biggest risk.

And go for long term plays.  In the short-run you're more likely to lose money. Especially with a 2.8% spread (I think it is better counted as 2.8%, not the 1.4% that the website claims - as there is a 2.8% gap between bids and asks.).

[mjcmurfy]

A market where everyone loses doesn't seem very realistic to me.

It seems very realistic to me. Small investors as a class lose.

Welcome to the United States of America. Oh, wait. What were you talking about there?

Forgive me if I am jumping to conclusions as I don't know if you were being ironic or not, but if you weren't, how arrogant and conceited is this statement? We are not all from the USA, nor do we all agree with the cut-throat neoliberal greed, self interest, individualism, commercialism and consumerism so dearly loved by the business elites in your country, which are peddled to the rest of your society and devoured voraciously as if it were akin to that pillar of american gastronomy, high fructose corn syrup.

Despite what you might think, the world does not revolve around North America. In fact, the majority of the rest of the world consider the USA to be an irritable little child who knows nothing but instant gratification and throws tantrums when he doesn't get what he wants.

Bitcoin is a project that supersedes national borders. It was created by a japanese guy, so please don't presume that american schools of thought have a monopoly on the bitcoin economy.

[Cluster2k]

Bitcoin is a project that supersedes national borders. It was created by a japanese guy, so please don't presume that american schools of thought have a monopoly on the bitcoin economy. There is no place for nationalistic sentiment on these boards.

Allegedly Japanese.  No one has met Satoshi, and it's unknown whether 'he' is a pseudonym for one or several people.  Bitcoin could have been created by a guy in Inner Mongolia for all we know, and given a Japanese name to increase its credibility.

[cypherdoc]

Firstly, lol@thread title. 4real

Secondly, I'm always liquidated because I treat bitcoinica like a magical money gambling machine and pay absolutely no attention to the charts or market news. I've never thought to call it zhoutonged though. Almost sounds like tongue. I don't want to be zootongued. Not a big fan of beastiality.

seriously, thats why i just had to put up this thread, LOL!  i also thought of using "Zhoutongued" but i thought that would be too dirty altho perhaps a more accurate representation of whats going on!  

[cypherdoc]

i'll ask again; has anyone heard from Zhou since Friday?  i wonder if he's in trouble with this latest ramp in the price?

https://bitcointalk.org/index.php?topic=42267.msg566153#msg566153

when a leveraged entity needs to depend on such a small electric device to get your money on quick notice you know you're in trouble.

[zhoutong]

i'll ask again; has anyone heard from Zhou since Friday?  i wonder if he's in trouble with this latest ramp in the price?

https://bitcointalk.org/index.php?topic=42267.msg566153#msg566153

when a leveraged entity needs to depend on such a small electric device to get your money on quick notice you know you're in trouble.

Please do not stereotype.

Only a few people were shorting at that time, less than 10% of Bitcoinica's BTC holdings.

Your posts don't have any evidence to back your claim, and I didn't have time to care about them.

[johnj]

i'll ask again; has anyone heard from Zhou since Friday?  i wonder if he's in trouble with this latest ramp in the price?

https://bitcointalk.org/index.php?topic=42267.msg566153#msg566153

when a leveraged entity needs to depend on such a small electric device to get your money on quick notice you know you're in trouble.

Please do not stereotype.

Only a few people were shorting at that time, less than 10% of Bitcoinica's BTC holdings.

Your posts don't have any evidence to back your claim, and I didn't have time to care about them.

Dang this 17yr old just styled on you

BTW, I do like the term 'You got Zhoutonged!"

[zhoutong]

i'll ask again; has anyone heard from Zhou since Friday?  i wonder if he's in trouble with this latest ramp in the price?

https://bitcointalk.org/index.php?topic=42267.msg566153#msg566153

when a leveraged entity needs to depend on such a small electric device to get your money on quick notice you know you're in trouble.

Please do not stereotype.

Only a few people were shorting at that time, less than 10% of Bitcoinica's BTC holdings.

Your posts don't have any evidence to back your claim, and I didn't have time to care about them.

Dang this 17yr old just styled on you

BTW, I do like the term 'You got Zhoutonged!"

Well, I was just surprised that there's really a guy so cared about Bitcoinica.

Bitcoinica is not as large as he thought. Short squeeze on Bitcoinica is non-existent. Most traders on Bitcoinica know more about what they are doing than cypherdoc.

[speeder]

I got a MASSIVE Zhoutonged...

I mean: I got my BTC deposit liquidated (not a normal position, be it short or long).

Without warning, and it does not show on the logs.

300+ BTC

[johnj]

I got a MASSIVE Zhoutonged...

I mean: I got my BTC deposit liquidated (not a normal position, be it short or long).

Without warning, and it does not show on the logs.

300+ BTC

Screenshot?

[zhoutong]

I got a MASSIVE Zhoutonged...

I mean: I got my BTC deposit liquidated (not a normal position, be it short or long).

Without warning, and it does not show on the logs.

300+ BTC

If you just leave your BTC deposit like that everything will be fine. When you owed Bitcoinica over $1,000 and your BTC deposit is dropping in value, why would you expect a warning.

I have already apologized for the logging problem. (The ledger was not designed in our system yet.) If remembered correctly, your deposits were liquidated at the price higher than $3. You should buy now instead of complaining.

It may not be a good price, but what were you doing when there was a good price?

Bitcoinica is not the place for you to owe USD and hold BTC indefinitely. It may be wrong to you, but the market is always correct.

[speeder]

Right now I am not really complaining, only replying the original question...

The 1000+ USD debt was made getting regular zhoutonged anyway...

I guess I am a very crap trader (at least when shorting... when daytrading in mtgox when I had patience for that, I usually got 20% profits monthly, in BTC that is, it is easy to claim 20% profit in USD when BTC USD price rose 20%...)

[cypherdoc]

I got a MASSIVE Zhoutonged...

I mean: I got my BTC deposit liquidated (not a normal position, be it short or long).

Without warning, and it does not show on the logs.

300+ BTC

well technically the correct phrasing should be "i got a massive ZHOUTONG" but who cares?

[cypherdoc]

I got a MASSIVE Zhoutonged...

I mean: I got my BTC deposit liquidated (not a normal position, be it short or long).

Without warning, and it does not show on the logs.

300+ BTC

If you just leave your BTC deposit like that everything will be fine. When you owed Bitcoinica over $1,000 and your BTC deposit is dropping in value, why would you expect a warning.

I have already apologized for the logging problem. (The ledger was not designed in our system yet.) If remembered correctly, your deposits were liquidated at the price higher than $3. You should buy now instead of complaining.

It may not be a good price, but what were you doing when there was a good price?

Bitcoinica is not the place for you to owe USD and hold BTC indefinitely. It may be wrong to you, but the market is always correct.

BTW, when i trade Bitcoin at mtgox, i need to use my Yubikey to get into my acct to accomplish this; not just for withdrawals.  are you different than this?

[zhoutong]

I got a MASSIVE Zhoutonged...

I mean: I got my BTC deposit liquidated (not a normal position, be it short or long).

Without warning, and it does not show on the logs.

300+ BTC

If you just leave your BTC deposit like that everything will be fine. When you owed Bitcoinica over $1,000 and your BTC deposit is dropping in value, why would you expect a warning.

I have already apologized for the logging problem. (The ledger was not designed in our system yet.) If remembered correctly, your deposits were liquidated at the price higher than $3. You should buy now instead of complaining.

It may not be a good price, but what were you doing when there was a good price?

Bitcoinica is not the place for you to owe USD and hold BTC indefinitely. It may be wrong to you, but the market is always correct.

BTW, when i trade Bitcoin at mtgox, i need to use my Yubikey to get into my acct to accomplish this; not just for withdrawals.  are you different than this?

API.

[cypherdoc]

I got a MASSIVE Zhoutonged...

I mean: I got my BTC deposit liquidated (not a normal position, be it short or long).

Without warning, and it does not show on the logs.

300+ BTC

If you just leave your BTC deposit like that everything will be fine. When you owed Bitcoinica over $1,000 and your BTC deposit is dropping in value, why would you expect a warning.

I have already apologized for the logging problem. (The ledger was not designed in our system yet.) If remembered correctly, your deposits were liquidated at the price higher than $3. You should buy now instead of complaining.

It may not be a good price, but what were you doing when there was a good price?

Bitcoinica is not the place for you to owe USD and hold BTC indefinitely. It may be wrong to you, but the market is always correct.

BTW, when i trade Bitcoin at mtgox, i need to use my Yubikey to get into my acct to accomplish this; not just for withdrawals.  are you different than this?

API.

does the API require the use of the Yubikey to trade?  it seems it does so for withdrawals.