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Author Topic: And today there is no buying on bitcoinica  (Read 4246 times)
HorseRider
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January 17, 2012, 08:31:01 AM
 #41

The Bitcoinica leverage is one of the triggers of a potential crash.

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January 17, 2012, 08:33:35 AM
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The * on bitcoinica just went away. Is this a sign believe in the market, rising went down?

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January 17, 2012, 08:37:36 AM
 #43

The * on bitcoinica just went away. Is this a sign believe in the market, rising went down?


Yeah - indeed it is now *-free.  The question is - if I start buying now - at what price we'll get again stopped by it?
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January 17, 2012, 10:03:03 AM
 #44

at 7 we get * again, also depend if ppl who closed their positions yesterday moved $ back to mtgox to buy bitcoins there leaving bitcoinica with low $ and if bitcoinica sell btc to get USD the price will go down, from a user point of view there is no point on putting USD on bitcoinica since you pay a premium for btc
You have leverage on bitcoinica, that's an advantage.

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January 17, 2012, 10:32:02 AM
 #45

Please be careful with the accuracy of what you're saying, there are some typos in there which make it hard to understand.

My point is, though, that if you know with high certainty that the price is going to be 2x as high next week, then you should use bitcoinica, and that would increase your profits.

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