How many of you have been Zhoutonged?

[cypherdoc]

ZHOUTONGED!!  

Damnit I had orders in @ $5.75. I think the whole idea of the site is kinda pointless if you can't leverage. May as well trade on Gox.

but u dint go long ?

That's what I thought too!

theres only so much leverage to go around and most of the players who had it the last couple of days just coughed it over to the stronger hands with deeper margin accts who won't be giving it back.

[N12]

ZHOUTONGED!!  

Damnit I had orders in @ $5.75. I think the whole idea of the site is kinda pointless if you can't leverage. May as well trade on Gox.

but u dint go long ?

That's what I thought too!

theres only so much leverage to go around and most of the players who had it the last couple of days just coughed it over to the stronger hands with deeper margin accts who won't be giving it back.

Doesn’t look like it, man.

[barrymac]

tl;dr: lost 1400 btc + $2k, pissed at manipulator roughly manipulating fragile market rather than caressing it tenderly

The sad thing isn't that you lost the coins because of the margin; but because you lost them from an artificial limit (the mtgox daily withdraw limit).

You sure about that? If that's the case I'm definitely pulling totally out until they get off mtgox. Damn php hack that it is!

[gewure]

today must have been a real zhoutonging day, or am i wrong?

[old_engineer]

tl;dr: lost 1400 btc + $2k, pissed at manipulator roughly manipulating fragile market rather than caressing it tenderly

The sad thing isn't that you lost the coins because of the margin; but because you lost them from an artificial limit (the mtgox daily withdraw limit).

You sure about that? If that's the case I'm definitely pulling totally out until they get off mtgox. Damn php hack that it is!

I can confirm that.  I had more than enough margin at MtGox, but couldn't xfer it due to daily limits.  Of course, I could have gotten myself AML confirmed, which would have quintupled the daily limits, but I had thought I had a few days, and didn't count on the price dropping >$1/day.

Bitcoinica really should run its own exchange, which would also have the effect of keeping the spread to a minimum.

[N12]

theres only so much leverage to go around and most of the players who had it the last couple of days just coughed it over to the stronger hands with deeper margin accts who won't be giving it back.

Doesn’t look like it, man.

I wish you would have been, though.

[cypherdoc]

theres only so much leverage to go around and most of the players who had it the last couple of days just coughed it over to the stronger hands with deeper margin accts who won't be giving it back.

Doesn’t look like it, man.

I wish you would have been, though.

be patient.

[proudhon]

Oh FFS!

[N12]

I have feelings between angry and amused everytime I see the asterix.

[N12]

WHY CAN’T I BUY MORE ON LEVERAGE BITCOINICA?

[proudhon]

Bitcoinica, moar leverage please!  I want to short at 9000:1.  K, thnx.

[N12]

Bitcoinica, moar leverage please!  I want to short at 9000:1.  K, thnx.

I want to short sell all Bitcoins in existence!

[proudhon]

Bitcoinica, moar leverage please!  I want to short at 9000:1.  K, thnx.

I want to short sell all Bitcoins in existence!

[gewure]

Bitcoinica, moar leverage please!  I want to short at 9000:1.  K, thnx.

I want to short sell all Bitcoins in existence!

DONT do it!

Gewures disclosed position[update]

BTCUSD   111.0   $5.8024   -$81.24   -12.614%

 

[Sargasm]

Most early adopters are geeks though. They won't have the know-how nor the guts to play the market with these huge sums of money and BTC to manipulate the market in a way which earns them money. I just can't see that happening to be honest.

You do know what all the MIT math Phd's are going right? 

It ain't fixing computers. 

HFT.

The geeks.  They take your money.  They are good at it.  If it's math, they're winning.

[old_engineer]

I have feelings between angry and amused everytime I see the asterix.

The constant bitcoinica starfish amuses me now instead of annoys me.  Instead of 8.2 million bitcoins, it's like there are 8.3 million, where 100k are always loaned out (Zhou said at one point he had 5 digits worth of btc).  So long as the site is starfished fairly constantly, it's a non-factor, or rather, the extra ~100k btc has already been factored into the current price.

[notme]

I have feelings between angry and amused everytime I see the asterix.

The constant bitcoinica starfish amuses me now instead of annoys me.  Instead of 8.2 million bitcoins, it's like there are 8.3 million, where 100k are always loaned out (Zhou said at one point he had 5 digits worth of btc).  So long as the site is starfished fairly constantly, it's a non-factor, or rather, the extra ~100k btc has already been factored into the current price.

It's not starfished.

[molecular]

I have feelings between angry and amused everytime I see the asterix.

sorry for repost from: https://bitcointalk.org/index.php?topic=61098.0

[cypherdoc]

ok, this video is hilarious and although i didn't make it i'm going to have to stand up and take a bow now for coining the term "Zhoutonged"!

never thought it'd get this popular.  can i copyright it?  

http://www.youtube.com/watch?v=kdvTkddp1F0

[N12]

ok, this video is hilarious and although i didn't make it i'm going to have to stand up and take a bow now for coining the term "Zhoutonged"!

never thought it'd get this popular.  can i copyright it?  

http://www.youtube.com/watch?v=kdvTkddp1F0

Lots of 'tonged people today.