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Omni (OP)
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March 17, 2012, 10:01:28 PM
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Hi,
 I would like to learn more about how leverage works on Bitcoinica. For example, what collateral do they require before you can leverage your bet?

Thanks
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Otomakan Ishotas
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March 18, 2012, 08:49:29 AM
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Quote from: Omni on March 17, 2012, 10:01:28 PM
I would like to learn more about how leverage works on Bitcoinica.

Great! It works this way. If you even need to ask, you will lose all your money. Just a matter of time.
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March 18, 2012, 08:58:36 AM
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Quote from: Omni on March 17, 2012, 10:01:28 PM
Hi,
 I would like to learn more about how leverage works on Bitcoinica. For example, what collateral do they require before you can leverage your bet?

Thanks
you put in some btc(or usd), and you get some more only to trade with. if you make a wrong bet, you can lose all your money, instead of only some of it...
you can not withdraw the borrowed or leveraged money, and if you go under a certain point, your position will get liqidated.

higher risk, higher reward.
"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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