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Author Topic: Bitcoinica User Guide  (Read 1205 times)
wobber
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January 30, 2012, 06:35:14 AM
 #1

Hello. Is any well-disciplined player who would like to explain how bitcoinica works, in detail? It seems it changed a lot from the last time I checked it so...

Questions:
What are the order types?
What do the terms mean: Margin Balance, Tradable Balance   , Leverage, Unrealized P/L, Net Value?, Maintenance?
What's the diff between orders and positions?
What means to be zhouanfenged?
Why the price has small last digits?
What's the *?
What are Margin Call and Liquidation?

Tips and triks for playing smart.

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old_engineer
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January 30, 2012, 08:22:39 AM
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You should read the bitcoinica FAQ, most of these are answered there.
M4v3R
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January 30, 2012, 11:26:37 AM
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As for the "*", it has two meanings:

- first is "No reserve", when the star appears on either buy or sell price (not both). It means that too many people bid in this direction and Bitcoinica is blocking placing more bids in that direction, because they wouldn't have reserves to pay up if they did.
- second, when the star appears on BOTH prices - it means that Bitcoinica had trouble contacting MtGox API and hence the prices are outdated. They block trades until the communication is resumed to avoid slippage. This usually dissapears after ~10 seconds.

"Zhoutonged" is a slang for getting force liquidated - when your position has taken so many losses that there is a possibility of your account balance to go negative. Force liquidation prevents that, but it leaves you with almost no funds, so you this is something you want to avoid at all costs Smiley.
racerguy
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February 01, 2012, 06:18:08 PM
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What do those little numbers next to the price mean? ie $5.63702^2
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February 01, 2012, 06:20:47 PM
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What do those little numbers next to the price mean? ie $5.63702^2
Nothing, its next number, just smaller for better readability.
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