FUCK THIS

[dryden]

someone's at it again. probably that meelba guy with his new found winnings. I watched Ask vol go from 100,000 to 40k now where I literally saw (on MtGox) 218 Btc bids at one flash. That's when I knew someone was pressin down for a 2nd time. :/

[proudhon]

someone's at it again. probably that meelba guy with his new found winnings. I watched Ask vol go from 100,000 to 40k now where I literally saw (on MtGox) 218 Btc bids at one flash. That's when I knew someone was pressin down for a 2nd time. :/

Yep, asks are piling up higher than ever.

[Hunterbunter]

Interestingly...what's to stop you or anyone else just walking away from the debt? All bitcoinica has is an email address, no?

or do I misunderstand it?

You don't walk away from debt, you walk away from your deposit.

ok, but if you're minus...thousands and been forced to liquidate, hasn't your deposit already gone?

Right.  When you reach minus (your deposit), you're force liquidated.

Ok, and if you've been liquidated, and in minus, is there a way to get your deposit back if you wait?

If not...then there's only the debt to walk away from?

[SlaveInDebt]

someone's at it again. probably that meelba guy with his new found winnings. I watched Ask vol go from 100,000 to 40k now where I literally saw (on MtGox) 218 Btc bids at one flash. That's when I knew someone was pressin down for a 2nd time. :/

Yep, asks are piling up higher than ever.

Time to change avy?

[GeniuSxBoY]

I can't believe the enormous about of sell orders, $560,000 worth, on the board till $7.50.

It was upto $700,000 before the dump

[SlaveInDebt]

I can't believe the enormous about of sell orders, $560,000 worth, on the board till $7.50.

It was upto $700,000 before the dump

Ahh memories 

[bitcoinBull]

Ok, and if you've been liquidated, and in minus, is there a way to get your deposit back if you wait?

If not...then there's only the debt to walk away from?

If you're liquidated, you never get your deposit back, you lost it all.  If you only go minus say -50% your deposit, you can wait and if the market goes back up your position can change to profitable.

If not, you can only walk away from losses.  Its not "debt" because you never borrowed money.  Its loss on your deposit.

[jojo69]

yeah, this thing could still break down with a vengeance...or not

[Serge]

yeah, this thing could still break down with a vengeance...or not

only to go back up again

[Hunterbunter]

Ok, and if you've been liquidated, and in minus, is there a way to get your deposit back if you wait?

If not...then there's only the debt to walk away from?

If you're liquidated, you never get your deposit back, you lost it all.  If you only go minus say -50% your deposit, you can wait and if the market goes back up your position can change to profitable.

If not, you can only walk away from losses.  Its not "debt" because you never borrowed money.  Its loss on your deposit.

Hmm...thanks for trying to explain, but I must be missing something.

So if I deposit $1000, at a 10:1 rate, I "buy" $10,000 worth of bitcoins @ $10 each, and the price tanks by $1, meaing my account is worth $0 even.

If force liquidation happens when say price tanks by $2, you're owning $1000. In the real world, I thought all margin was borrowing money from the broker, and it has to be paid back regardless...in this case, it seems you don't. You still lose your deposit, yes, but you lose it anyway if the price has tanked and you're forced to sell.

Is it possible to be forced to sell (not sure how bitcoinica works in this regard) while your deposit has not been completely burned through?

Ahh memories 

That's amazing.

[bittenbob]

Im really unsure of where we are headed on this one so I am sitting on the sidelines right now. About 70% in cash and 30% in BTC. If we spike below 5 again I will grab up all the coins I can..

[gewure]

reminds me of this:

[StewartJ]

Im really unsure of where we are headed on this one so I am sitting on the sidelines right now. About 70% in cash and 30% in BTC. If we spike below 5 again I will grab up all the coins I can..

All cash here, waiting.

At this price, it would seem we're right back to where we were before the massive dump/spike.

But that depth chart on the bid side is a long flat wasteland with nary a wall.

[teflone]

Im really unsure of where we are headed on this one so I am sitting on the sidelines right now. About 70% in cash and 30% in BTC. If we spike below 5 again I will grab up all the coins I can..

All cash here, waiting.

At this price, it would seem we're right back to where we were before the massive dump/spike.

But that depth chart on the bid side is a long flat wasteland with nary a wall.

[proudhon]

Im really unsure of where we are headed on this one so I am sitting on the sidelines right now. About 70% in cash and 30% in BTC. If we spike below 5 again I will grab up all the coins I can..

All cash here, waiting.

At this price, it would seem we're right back to where we were before the massive dump/spike.

But that depth chart on the bid side is a long flat wasteland with nary a wall.

Here's the view in the other direction.

[teflone]

Im really unsure of where we are headed on this one so I am sitting on the sidelines right now. About 70% in cash and 30% in BTC. If we spike below 5 again I will grab up all the coins I can..

All cash here, waiting.

At this price, it would seem we're right back to where we were before the massive dump/spike.

But that depth chart on the bid side is a long flat wasteland with nary a wall.

Here's the view in the other direction.

Hahahhahah, exactly!

At least the view is nice....

[jojo69]

those walls are meaningless

vaporwalls

[teflone]

those walls are meaningless

vaporwalls

Ya, after the last two days, good point...

Im in awe, truly...

[StewartJ]

Here's the view in the other direction.

Ricolahhhh !!