Remember remember the thread of the year, and what greed can do

[Gabi]

https://bitcointalk.org/index.php?topic=59969.0

Let's remember the dangers of greed and leveraging 10:1 and not paying attention: you can lose  alot of money 

And let's remember that epic thread, it's original name was " +200% profits on bitcoinica in 1 day"; then it attack bitcoinica with "fraud on bitcoinica, who got margin calls point in point too ?" and, noticing the epic fail (because it's NOT bitcoinica fault), he locks it and rename it to "."

But... i think we should remember it 

[jojo69]

I'll bump this

amazing thread

[waspoza]

Well, one thing we learned from that - post screenies after cashing out. 

[Crypt_Current]

Well, one thing we learned from that - post screenies after cashing out. 

heh +1


http://youtu.be/JTEMHeZ0MQE

[PatrickHarnett]

The smartest people are the ones you never know.

[Dutch Merganser]

This was just a warm up round, I expect to see far worse train wrecks still lying ahead. By way of comparison, since the 9/11 attacks people barely even remember the World Trade Center bombing of 1993. We have yet to see the bitcoin 9/11.

I think talking about greed at all is an attempt to impose some sort of moral or ethical context where one simply doesn't apply because it simply isn't relevant. From a pragmatic point of view, the only mistakes our "greedy" subject made were tipping his hand and perhaps being a bit of a pig in the sense of the old saying, "Bulls win, bears win, and hogs get slaughtered".

Oh, and he relied on Bitcoinica to actually work the way it was presented to work. Whoopsie  

[PatrickHarnett]

This was just a warm up round, I expect to see far worse train wrecks still lying ahead. By way of comparison, since the 9/11 attacks people barely even remember the World Trade Center bombing of 1993. We have yet to see the bitcoin 9/11.

1993 - my first house ($91k) - had a party and it was the CNN lead story.

[Otoh]

in Singapore peeps live on the edge



... hey cool, the moment I previewed that the jessi alarms started to holla bull roars *goes to check if I'm now in the black again

& yes, it's so - actually I was a little while back as I'd over compensated for Khou's spreads ~ nice

[bittenbob]

in Singapore they live on the edge



... hey cool, the moment I previewed that the jessi alarms started to holla bull roars *goes to check if I'm now in the black again

& yes, it's so - actually I was a little while back as I'd over compensated for Khou's spreads ~ nice

That is a really cool pool. Is there any like that in north america? If I am ever in Singapore I will have to check it out.

[notme]

That is a really cool pool. Is there any like that in north america? If I am ever in Singapore I will have to check it out.

There was one at a hotel in
http://en.wikipedia.org/wiki/Cabo_San_Lucas

It looked out over the ocean though instead of a cityscape.

Less contrast, more infinity.

[Otoh]

hmmmm



nice & all that, but perhaps more for the retiring old miners to contemplate their upcoming melding with & enjoying the infinite, rather than enterprising teens like Zhou where they're be looking out over their potential new future IPO's demesne of potential infiniteness too

[Cluster2k]

The original thread reminds me a little of playing texas hold'em poker and having fantastic starting cards.  The player is so excited he's already counting his winnings before the hand has finished and shows other players what he has.  They take note and use the information to relieve him of his entire stack after the 5th card hits the table.

Always treat your trading position as secret, unless you wish to manipulate other players in the game into making a trade or mistake to your advantage.  Paper profits are not yours until the trade is complete and the money is in your account.  The subject of the original thread learned a painful lesson.

[notme]

The original thread reminds me a little of playing texas hold'em poker and having fantastic starting cards.  The player is so excited he's already counting his winnings before the hand has finished and shows other players what he has.  They take note and use the information to relieve him of his entire stack after the 5th card hits the table.

Always treat your trading position as secret, unless you wish to manipulate other players in the game into making a trade or mistake to your advantage.  Paper profits are not yours until the trade is complete and the money is in your account.  The subject of the original thread learned a painful lesson.

Never count your money when you're sitting at the table.
http://www.youtube.com/watch?v=3fMyr4aXE5Y