Bitcoinica competition please

[alan2here]

Can Bitcoinica get some competition please. This potentially strengthens Bitcoinica as well.

So we could have...

Any positive leverage we like, instead of having to choose from a number of possible leverages.

None of this spread stuff, lets have a for example fixed 1%, or better still Gox level of fee for each buy or sell thats not leveraged like it is at the moment and where the only thing taken into account is the price the moment you pressed buy or sell.

And a more newbie friendly interface, this could mean just rewording things a bit.

Who's up for the challenge?

[cypherdoc]

they've been stuck in red flag most of the day. 

i think his profits suffer when we have unidirectionality like now when no one wants to sell.  more trading, more profits.

[mb300sd]

I believe it uses your entire balance to calculate your forced liquidation price, so say you have 100 BTC in your account and have it set to 10:1, if you limit yourself to trading with 250 BTC only, its exactly the same thing as having it set to 2.5:1. So really, you have any leverage you want up to 10:1, just limit your trades on your own.

[legitnick]

I believe it uses your entire balance to calculate your forced liquidation price, so say you have 100 BTC in your account and have it set to 10:1, if you limit yourself to trading with 250 BTC only, its exactly the same thing as having it set to 2.5:1. So really, you have any leverage you want up to 10:1, just limit your trades on your own.

Yes from what I understand your leverage is dynamic.

[zhoutong]

I believe it uses your entire balance to calculate your forced liquidation price, so say you have 100 BTC in your account and have it set to 10:1, if you limit yourself to trading with 250 BTC only, its exactly the same thing as having it set to 2.5:1. So really, you have any leverage you want up to 10:1, just limit your trades on your own.

Exactly. The leverage depends on trades only. Maintenance margin requirement has nothing to do with leverage either. The account leverage setting is just a upper limit that helps customers.