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Author Topic: If I have 100 BTC in my Bitcoinica account..  (Read 571 times)
Omni
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March 25, 2012, 12:50:16 PM
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If I have 100 BTC in my Bitcoinica account, and I am leveraged 2.5 to one, does that mean I place an order to sell 250 BTC?
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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin-Qt is the only known safe implementation of a full node. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and MultiBit are OK.)
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Omni
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March 25, 2012, 01:07:56 PM
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Uhh what the fuck? Bitcoinica placed an order at $4.80 per Bitcoin even though I did a limited buy at $4.60.. I somehow just lost $50.00 instantly.
Stephen Gornick
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March 25, 2012, 04:26:59 PM
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Bitcoinica placed an order at $4.80 per Bitcoin even though I did a limited buy at $4.60.. I somehow just lost $50.00 instantly.

That pull-down for Order Type (e.g.,  Limit, Market) is easy to overlook.  Even though you have entered a number in the price field, if the Order Type is set to Market it will do a Market order.  That's probably what happened.

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March 25, 2012, 05:53:08 PM
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i hate it when that happens to me
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