Bitcoin Forum
January 20, 2017, 12:07:28 PM *
News: Latest stable version of Bitcoin Core: 0.13.2  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoinica BTC and USD holdings  (Read 927 times)
byronbb
Legendary
*
Offline Offline

Activity: 1414


HODL OR DIE


View Profile
January 10, 2012, 11:06:42 PM
 #1

So if you wanted to move 50BTC to bitcoinica how much USD and BTC should I be holding in my account at 5:1 margin?

1484914048
Hero Member
*
Offline Offline

Posts: 1484914048

View Profile Personal Message (Offline)

Ignore
1484914048
Reply with quote  #2

1484914048
Report to moderator
1484914048
Hero Member
*
Offline Offline

Posts: 1484914048

View Profile Personal Message (Offline)

Ignore
1484914048
Reply with quote  #2

1484914048
Report to moderator
1484914048
Hero Member
*
Offline Offline

Posts: 1484914048

View Profile Personal Message (Offline)

Ignore
1484914048
Reply with quote  #2

1484914048
Report to moderator
"With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1484914048
Hero Member
*
Offline Offline

Posts: 1484914048

View Profile Personal Message (Offline)

Ignore
1484914048
Reply with quote  #2

1484914048
Report to moderator
1484914048
Hero Member
*
Offline Offline

Posts: 1484914048

View Profile Personal Message (Offline)

Ignore
1484914048
Reply with quote  #2

1484914048
Report to moderator
1484914048
Hero Member
*
Offline Offline

Posts: 1484914048

View Profile Personal Message (Offline)

Ignore
1484914048
Reply with quote  #2

1484914048
Report to moderator
notme
Legendary
*
Offline Offline

Activity: 1582


View Profile
January 10, 2012, 11:12:01 PM
 #2

So if you wanted to move 50BTC to bitcoinica how much USD and BTC should I be holding in my account at 5:1 margin?

Bitcoinica is based on USD values, so any BTC margin is effectively extra leverage.  If your entire margin is BTC, and you go full long with your entire tradable balance, you'll be at 6:1.  This means you can absorb drop in price by 1/6th (less in reality due to Zhoutong not willing to cut it so close).  If the price is $6, you'd be sweating pretty hard at $5.25.  See the threads about calculating your liquidation price.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!