del

[myself]

del

[1714782030]

1714782030

[1714782030]

1714782030

[1714782030]

1714782030

[sat0pi]

This happened just before it went down:

https://i.imgur.com/NWqhe.png

[sat0pi]

I'm still seeing double stars pop up every now and again.

[sat0pi]

Exhibit A:

https://i.imgur.com/cz8BF.png

[Dan The Man]

So does that mean all of the reserves are tied up covering opposing positions? Basically Bitcoinica is out of money.

[antoineph]

imo without additional reserves, forced liquidation WILL solve the problem.

But in which direction?

[antoineph]

look at the order book

Look at the order book the day before yesterday (which was the complete opposite), and then look what happened.

Who knows what's going to happen next?

not me, that's for sure.

[tickets]

The site still seems to be badly malfunctioning.  I just sold about 25 BTC that I had been holding long at an average profit of about 0.11 each - the orders appeared to execute, but no profit was added to my Account balance figures on the right side of the screen.  All the numbers remained unchanged.

This system does not seem ready to use, it should have big red warnings all over ...

[SaintFlow]

the bid side tilted

[Mushoz]

The site still seems to be badly malfunctioning.  I just sold about 25 BTC that I had been holding long at an average profit of about 0.11 each - the orders appeared to execute, but no profit was added to my Account balance figures on the right side of the screen.  All the numbers remained unchanged.

This system does not seem ready to use, it should have big red warnings all over ...

Did you close your entire position or only partially? You won't get your profits until you've closed your position entirely.

[tickets]

Wow, so you are only allowed to have a 'position' with all or none of the BTC you put into the account?

It will only accrue profit or loss once you liquidate all the BTC in your account, but will allow you to buy or short based on partial amounts of what you put in??

Looking at the History, I see multiple numbered 'positions' being liquidated without any profit being logged:
Position #6268 liquidated @ 6.7387
Position #6405 liquidated @ 6.3465


Thats extremely confusing and not explained well or at all on the site where it counts...

[sgbett]

You can have as big or small a position as you like (with respect to your margin balance, which is in turn based on your chosen leverage).

As you add or remove to your position, you just see the aggregate position to date. Your P/L is only realised when you close out a position fully.

If you reduce a position then your base price changes to reflect this. It's just the way margin trading is implemented on there.

[Crypt_Current]

You can have as big or small a position as you like (with respect to your margin balance, which is in turn based on your chosen leverage).

As you add or remove to your position, you just see the aggregate position to date. Your P/L is only realised when you close out a position fully.

If you reduce a position then your base price changes to reflect this. It's just the way margin trading is implemented on there.

Right, so in this implementation, selling a partial position (when going long) results in a lower base price, rather than any realized P/L.  It still has a purpose, namely helping you prevent your position from forced liquidation.

[tickets]

You can have as big or small a position as you like (with respect to your margin balance, which is in turn based on your chosen leverage).

As you add or remove to your position, you just see the aggregate position to date. Your P/L is only realised when you close out a position fully.

If you reduce a position then your base price changes to reflect this. It's just the way margin trading is implemented on there.

Right, so in this implementation, selling a partial position (when going long) results in a lower base price, rather than any realized P/L.  It still has a purpose, namely helping you prevent your position from forced liquidation.

I noticed that it was deciding which shares to sell for me and adjusting my base price... it sold the highest-priced long shares first, which was fine, but this should be explained ...

As for 'positions', though - I don't get the definition of 'position'... I only saw one position reported on the Trading page, but in History it reports multiple positions being liquidated although I never cashed all out.

As far as I can tell, you only log profits once you have completely cashed out of all 'positions'.. is that correct?

[sgbett]

Yeah until that time it shows as unrealised P/L.

The stuff in your history is just individual trades. Your aggregate position is just where you are at right now. The only salient factors being What your respective net dollar position (cost basis) and BTC position is.

Your base price is then cost basis/btc

Your unrealised P/L is: ([bid|ask] - cost basis) * btc