Another rally cut short by bitcoinica..

[teflone]

I see this all the time now...

the starfish is back!  yippie!

I notice it move only as much as the leverage available, then the star comes up.. and movements are stopped.. 

[FreeMoney]

yeah, maybe you should open a site and lend money to people to buy coins. Also try never to run out no matter how much people want to borrow.

[trogdorjw73]

I see this all the time now...

the starfish is back!  yippie!

I notice it move only as much as the leverage available, then the star comes up.. and movements are stopped.. 

If the Bitcoinica asterisk is stopping the supposed rally, then it's not a real rally.

[N12]

Is it true, did you spot the * again?!

I’ve only seen it a few days ago when the price was 5.6.

[naima53]

yeah, maybe you should open a site and lend money to people to buy coins. Also try never to run out no matter how much people want to borrow.

how then pay won (If the majority of players will close out positions with a profit)?

[Timbo925]

Only problem is bitcoinica is tying up money witch would be spent on mtgox otherwise. Only money on the real market can influence the price imo.

[Vandroiy]

Is it true, did you spot the * again?!

I’ve only seen it a few days ago when the price was 5.6.

I also don't see it. Maybe it popped up for a short moment, and people sold when they saw it? Strange stuff.

[teflone]

Only problem is bitcoinica is tying up money witch would be spent on mtgox otherwise. Only money on the real market can influence the price imo.

BINGO!!!!!!!!

[jojo69]

yeah, maybe you should open a site and lend money to people to buy coins. Also try never to run out no matter how much people want to borrow.

that service should be called FreeMoney

I see what you did there

[teflone]

Only problem is bitcoinica is tying up money witch would be spent on mtgox otherwise. Only money on the real market can influence the price imo.

BINGO!!!!!!!!

not so bingo when you have leverage

Bitcoinica's leverage is a joke..  plain and simple

[rebuilder]

If only it were true that Bitcoinica trades didn't influence prices. Essentially that would even out a lot of speculative bubbles and crashes. I don't think that's the case, though. The moves just happen in larger spikes when Bitcoinica has to buy or sell USD to cover their positions as  people liquidate or get force liquidated.

[teflone]

half the moves people make dont translate to mtgox..

It absorbs movement.

Then someone makes a big play on it, and then stopped by the starfish..

Its stupid.. its hindering normal movement up.   

And does almost nothing to hinder movement down.

Awesome model..

[teflone]

In other words, if all these plays were just people on mtgox, and their own money..

We would have had a serious movement up weeks ago...

[Timbo925]

Well as long as bitcoinica doesn't trade on the real market their is no way it can influence it. It is a closed of system and the price is only based on the mtgox price.
If I sell 100BTC at bitcoinica at a leverage of 10. This will change noting at the value of the price on bitcoinica because it takes it prices of mtgox and these prices didn't change.
At the end it doesn't matter what happens to my money on bitcionica. It's a closed of system.

[teflone]

Well as long as bitcoinica doesn't trade on the real market their is no way it can influence it. It is a closed of system and the price is only based on the mtgox price.
If I sell 100BTC at bitcoinica at a leverage of 10. This will change noting at the value of the price on bitcoinica because it takes it prices of mtgox and these prices didn't change.
At the end it doesn't matter what happens to my money on bitcionica. It's a closed of system.

Well yes, it acts like a closed system..

But it isnt totally..   there is a lot of "Wash" internally on bitcoinica..

And its just reactionary to mtgox.. soo..

Its just stifling the money

[M4v3R]

Well as long as bitcoinica doesn't trade on the real market their is no way it can influence it. It is a closed of system and the price is only based on the mtgox price.
If I sell 100BTC at bitcoinica at a leverage of 10. This will change noting at the value of the price on bitcoinica because it takes it prices of mtgox and these prices didn't change.
At the end it doesn't matter what happens to my money on bitcionica. It's a closed of system.

No. Most of the trades you do on Bitcoinica end up on MtGox in one way or another. Try to go short/long for more than 50 BTC and see what happens on Mtgox Live. Anything smaller maybe is accounted for internally, but bigger positions are always reflected on MtGox.

[FreeMoney]

Well as long as bitcoinica doesn't trade on the real market their is no way it can influence it. It is a closed of system and the price is only based on the mtgox price.
If I sell 100BTC at bitcoinica at a leverage of 10. This will change noting at the value of the price on bitcoinica because it takes it prices of mtgox and these prices didn't change.
At the end it doesn't matter what happens to my money on bitcionica. It's a closed of system.

So it's a black hole for demand somehow, but not supply?

It's obviously not a 'closed system' either. It doesn't have to pass everything somewhere else to not be closed, it has to pass anything ever to not be closed.

[copumpkin]

I love how everything bad is bitcoinica's fault now.

[Timbo925]

Well as long as bitcoinica doesn't trade on the real market their is no way it can influence it. It is a closed of system and the price is only based on the mtgox price.
If I sell 100BTC at bitcoinica at a leverage of 10. This will change noting at the value of the price on bitcoinica because it takes it prices of mtgox and these prices didn't change.
At the end it doesn't matter what happens to my money on bitcionica. It's a closed of system.

No. Most of the trades you do on Bitcoinica end up on MtGox in one way or another. Try to go short/long for more than 50 BTC and see what happens on Mtgox Live. Anything smaller maybe is accounted for internally, but bigger positions are always reflected on MtGox.

Ok didn't now that. Only problem I see then is when ppl want to go long and their is a *. Al the money on bitcoinica cant go long so is indeed slows a 'rally'. If their money was on mtgox it was still tradeble.

[gewure]

I love how everything bad is bitcoinica's fault now.