And today there is no buying on bitcoinica

[zby]

Asterisk at the buy price - seems that the current rally is hugely levereged.

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[ArsenShnurkov]

Asterisk at the buy price - seems that the current rally is hugely levereged.

There was no bears at $7, we should wait tomorrow

[zby]

And now it is gone - it was on only during the recent attack.

[proudhon]

I can't access bitcoinica right now. 

[zby]

it was just there for a second. its not been there long.

still waiting for them to send me the money they owe me however...

How do you withdraw it?  MtGox code or wire transfer?

[naima53]

Zhou speaks that it isn't connected with shortage of money... https://bitcointalk.org/index.php?topic=56944.msg679061#msg679061

[zby]

Zhou speaks that it isn't connected with shortage of money... https://bitcointalk.org/index.php?topic=56944.msg679061#msg679061

Alas now it seems more permanent, not just the 15 seconds that he mentions.

[cypherdoc]

I love how Zhou has placed the "Buy" button next to the Ask price in the instant execution window to encouraged noobs to make their BTC buys at the Ask resulting in an immediate loss on the spread to the buyer and an immediate profit for Bitcoinica.

[naima53]

But my sierrachartfeed works well... Means with API all in normal?

[waspoza]

Sierra is not using live socket. It just pull http data periodically.

[notme]

Bitcoinica may be overleveraged, but mtgox is still being held up without their help.  I don't have the balls or the cash to attempt a squeeze.

[Otoh]

I wonder if there'll be a big move when it's fixed, the only thing is that with Goxxy being in Japan they're waking up around now to a public holiday so may be on short staff & later Monday it's also a public hols in Russia so maybe more rich ru's at home looking for some BTC action or vodka fuelled trading plus it's a full moon too    gooôöòóoœøōõo looooôöòóoœøōõooooong (hold down the o key I just noticed gives this bunch of còól ōptions, nöt sure if that's this fôrum or my cømp, first time that I've seen it = neatõ)

LiLu - Tvoj Znak (Club Mix)

[bitcoinBull]

I love how Zhou has placed the "Buy" button next to the Ask price in the instant execution window to encouraged noobs to make their BTC buys at the Ask resulting in an immediate loss on the spread to the buyer and an immediate profit for Bitcoinica.

Yea he's got himself a nice a little business.  To open a position, you lose the spread (~1%) not just once, but as many times over as your leverage.  So each time you open a position at five to one leverage you're basically giving him 5% of your deposit, and at ten to one its 10%.  Bitcoinica daytraders would more than likely be seeing their accounts dwindling if this wasn't such a strong uptrend.

Even as it is, for my risk profile its better to just hold my coin for longer-run gains and sell on mtgox (or any other real exchange).  I'm not subject to a zhoutonging at every whim of the market, and I won't have to give away my (still fantastic) gains 5x over on those rare occasions when I will want to reduce my risk. 

Short-term traders just don't seem to realize how much your gains multiply themselves when you aren't hovering over the sell button and biting your nails during a monster fucking bull run.  You just have to let them run.  When you trade short-term all you're doing is giving away your gains to sophisticated market makers.  You still make money, but they don't multiply when you do that.

Its all in good fun though.  Not like any of us here are folks desperate enough to bet more than we can afford to lose, right? 

[Matthew N. Wright]

I love how Zhou has placed the "Buy" button next to the Ask price in the instant execution window to encouraged noobs to make their BTC buys at the Ask resulting in an immediate loss on the spread to the buyer and an immediate profit for Bitcoinica.

Yea he's got himself a nice a little business.  To open a position, you lose the spread (~1%) not just once, but as many times over as your leverage.  So each time you open a position at five to one leverage you're basically giving him 5% of your deposit, and at ten to one its 10%.  Bitcoinica daytraders would more than likely be seeing their accounts dwindling if this wasn't such a strong uptrend.

Even as it is, for my risk profile its better to just hold my coin for longer-run gains and sell on mtgox (or any other real exchange).  I'm not subject to a zhoutonging at every whim of the market, and I won't have to give away my (still fantastic) gains 5x over on those rare occasions when I will want to reduce my risk. 

Short-term traders just don't seem to realize how much your gains multiply themselves when you aren't hovering over the sell button and biting your nails during a monster fucking bull run.  You just have to let them run.  When you trade short-term all you're doing is giving away your gains to sophisticated market makers.  You still make money, but they don't multiply when you do that.

Its all in good fun though.  Not like any of us here are folks desperate enough to bet more than we can afford to lose, right? 

CAN ANYONE LOAN ME 3000BTC I NEED THIS MAN IM SO CLOSE OHNORS ITS GOING DOWN FFFUUUUUUUU

[mb300sd]

I love how Zhou has placed the "Buy" button next to the Ask price in the instant execution window to encouraged noobs to make their BTC buys at the Ask resulting in an immediate loss on the spread to the buyer and an immediate profit for Bitcoinica.

Yea he's got himself a nice a little business.  To open a position, you lose the spread (~1%) not just once, but as many times over as your leverage.  So each time you open a position at five to one leverage you're basically giving him 5% of your deposit, and at ten to one its 10%.  Bitcoinica daytraders would more than likely be seeing their accounts dwindling if this wasn't such a strong uptrend.

Even as it is, for my risk profile its better to just hold my coin for longer-run gains and sell on mtgox (or any other real exchange).  I'm not subject to a zhoutonging at every whim of the market, and I won't have to give away my (still fantastic) gains 5x over on those rare occasions when I will want to reduce my risk. 

Short-term traders just don't seem to realize how much your gains multiply themselves when you aren't hovering over the sell button and biting your nails during a monster fucking bull run.  You just have to let them run.  When you trade short-term all you're doing is giving away your gains to sophisticated market makers.  You still make money, but they don't multiply when you do that.

Its all in good fun though.  Not like any of us here are folks desperate enough to bet more than we can afford to lose, right? 

CAN ANYONE LOAN ME 3000BTC I NEED THIS MAN IM SO CLOSE OHNORS ITS GOING DOWN FFFUUUUUUUU

I'll do that loan.. 2%/day, max 7 days?

[Otoh]

buying on bitcoinica back up, my limit order was filled just over half an hour ago

[cypherdoc]

I love how Zhou has placed the "Buy" button next to the Ask price in the instant execution window to encouraged noobs to make their BTC buys at the Ask resulting in an immediate loss on the spread to the buyer and an immediate profit for Bitcoinica.

Yea he's got himself a nice a little business.  To open a position, you lose the spread (~1%) not just once, but as many times over as your leverage.  So each time you open a position at five to one leverage you're basically giving him 5% of your deposit, and at ten to one its 10%.  Bitcoinica daytraders would more than likely be seeing their accounts dwindling if this wasn't such a strong uptrend.

Even as it is, for my risk profile its better to just hold my coin for longer-run gains and sell on mtgox (or any other real exchange).  I'm not subject to a zhoutonging at every whim of the market, and I won't have to give away my (still fantastic) gains 5x over on those rare occasions when I will want to reduce my risk. 

Short-term traders just don't seem to realize how much your gains multiply themselves when you aren't hovering over the sell button and biting your nails during a monster fucking bull run.  You just have to let them run.  When you trade short-term all you're doing is giving away your gains to sophisticated market makers.  You still make money, but they don't multiply when you do that.

Its all in good fun though.  Not like any of us here are folks desperate enough to bet more than we can afford to lose, right? 

noobs get to be Mini-Zhoutonged before they get Fully-Zhoutonged.

[tvbcof]

noobs get to be Mini-Zhoutonged before they get Fully-Zhoutonged.

I did.  Then I turned around and quadrupled some throw-away money, gave the gains to charity, and have not used Bitcoinica since.

In my opinion, Bitcoinica is pretty equivalent to a slightly complicated and undocumented coin-toss (unless one is actually hedging a more real-world endeavor.)  Happily I have the means to finance my own gambling and thus the luxury to avoid paying Zhou Tong for the privilege of playing in Bitcoin markets.

[jothan]

I love how Zhou has placed the "Buy" button next to the Ask price in the instant execution window to encouraged noobs to make their BTC buys at the Ask resulting in an immediate loss on the spread to the buyer and an immediate profit for Bitcoinica.

Can't really blame him for that, it's how he makes money. Limit orders are the way to go, I got burnt by a trailing stop order.

[zby]

How limit orders are better?  They are realized at the bitcoinica price - not the MtGox one and are subject to the same spread as 'buy now'.