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Author Topic: Is it safe to break out the 10:1?  (Read 3124 times)
Qoheleth
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March 28, 2012, 09:56:42 PM
 #21

I have not. However, my positions haven't been this risky before. I am only doing this because I am very certain.
So you have confidence in the good intentions of the person who put up the bidwall?

I mean, if it's a trap like it was the last couple times, this right here is a very juicy argument that it's time to spring it.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the culture of naive fools and conmen, the former convinced that BTC is a magic box that will turn them into millionaires, and the latter arriving by the busload to devour them.
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Jon
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March 28, 2012, 09:58:49 PM
 #22

I have not. However, my positions haven't been this risky before. I am only doing this because I am very certain.
So you have confidence in the good intentions of the person who put up the bidwall?

I mean, if it's a trap like it was the last couple times, this right here is a very juicy argument that it's time to spring it.

There are more factors than the bidwall. The net effect of the bidwall is a positive one, however. The intentions are moot.

The Communists say, equal labour entitles man to equal enjoyment. No, equal labour does not entitle you to it, but equal enjoyment alone entitles you to equal enjoyment. Enjoy, then you are entitled to enjoyment. But, if you have laboured and let the enjoyment be taken from you, then – ‘it serves you right.’ If you take the enjoyment, it is your right.
guruvan
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March 28, 2012, 10:04:59 PM
 #23

LOL. This is just what I've been talking about.

that's a lot of risk on one position.

thats a lot of risk on one position backed only with BTC (you have no USD hedge against potential downside!)

In fact, there is not a lot of downside you can take in that account before you're liquidated.

I use 10:1 leverage so that my green bar hardly ever moves. Smiley

I cover the position in USD. The margin balance is calculated in USD. backing the balance with only BTC in the currency account significantly amplifies the drawdown.

Mine at the Maza Club! with ShastaFarEye Prospectors! Mazacoin PPS & P2pool mining, and more services coming soon!
Maza Means Money! Check yours at the mazacha.in!

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Jon
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March 28, 2012, 10:08:40 PM
 #24

I am going to be a pompous rich ass:

113 BTC is nothing to me. I don't need to hedge that.

The Communists say, equal labour entitles man to equal enjoyment. No, equal labour does not entitle you to it, but equal enjoyment alone entitles you to equal enjoyment. Enjoy, then you are entitled to enjoyment. But, if you have laboured and let the enjoyment be taken from you, then – ‘it serves you right.’ If you take the enjoyment, it is your right.
guruvan
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March 28, 2012, 10:10:53 PM
 #25

I know what it's like to be flat broke, as such I try to spend my money wisely.

Losing money is distasteful to me. I'm not a gambler, either. I like to place sure bets.

Mine at the Maza Club! with ShastaFarEye Prospectors! Mazacoin PPS & P2pool mining, and more services coming soon!
Maza Means Money! Check yours at the mazacha.in!

Please contact me  on my  OTC registered GPG (A54E87F2) Key's email address or guruvan@shastafareye.net  and encrypt all correspondence.
ineededausername
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March 28, 2012, 10:11:06 PM
 #26

I am going to be a pompous rich ass:

113 BTC is nothing to me. I don't need to hedge that.

If it's nothing, then surely you don't mind sending me some coins Smiley

1PAChTQ1peVFGr6vjMN3XrCWvgbALyBhQ7

(BFL)^2 < 0
notme
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March 28, 2012, 10:12:48 PM
 #27

I am going to be a pompous rich ass:

113 BTC is nothing to me. I don't need to hedge that.

If it's nothing, then surely you don't mind sending me some coins Smiley

1PAChTQ1peVFGr6vjMN3XrCWvgbALyBhQ7

Me too... there's an address in my signature.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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mb300sd
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March 28, 2012, 10:13:21 PM
 #28

I am going to be a pompous rich ass:

113 BTC is nothing to me. I don't need to hedge that.

If it's nothing, then surely you don't mind sending me some coins Smiley

1PAChTQ1peVFGr6vjMN3XrCWvgbALyBhQ7

Me too... there's an address in my signature.

Same here

1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
ineededausername
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March 28, 2012, 10:14:25 PM
 #29

atlas, what's your total position? >1k BTC and <2k BTC or >10k BTC?

(BFL)^2 < 0
Jon
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March 28, 2012, 10:15:26 PM
 #30

My parents don't even know.

The Communists say, equal labour entitles man to equal enjoyment. No, equal labour does not entitle you to it, but equal enjoyment alone entitles you to equal enjoyment. Enjoy, then you are entitled to enjoyment. But, if you have laboured and let the enjoyment be taken from you, then – ‘it serves you right.’ If you take the enjoyment, it is your right.
ineededausername
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March 28, 2012, 10:16:52 PM
 #31

My parents don't even know.

Hey Atlas, remember what you were saying about being a parasite?  I think you should think about it... you might've been correct.

(BFL)^2 < 0
guruvan
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March 28, 2012, 10:25:07 PM
 #32

atlas, what's your total position? >1k BTC and <2k BTC or >10k BTC?

hmm.


Mine at the Maza Club! with ShastaFarEye Prospectors! Mazacoin PPS & P2pool mining, and more services coming soon!
Maza Means Money! Check yours at the mazacha.in!

Please contact me  on my  OTC registered GPG (A54E87F2) Key's email address or guruvan@shastafareye.net  and encrypt all correspondence.
adamstgBit
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March 28, 2012, 11:57:03 PM
 #33

My parents don't even know.

how long have you been holding all these coins?

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March 29, 2012, 12:21:13 AM
 #34

POST OF THE DEVIL


edit: did some calculations - Want to force liquidate Atlas for the lulz?  Just make the price drop to 4.254

(Cheap! Just sell 80,000 Bitcoins!)
adamstgBit
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March 29, 2012, 12:29:10 AM
 #35

POST OF THE DEVIL


seems to me hes just a kid that got in early and believed in btc so much so that he never sold out...
idk why he doesn't just stand up and say " I AM ATLAS! "
be proud Atlas!

guruvan
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March 29, 2012, 01:00:52 AM
 #36


edit: did some calculations - Want to force liquidate Atlas for the lulz?  Just make the price drop to 4.254


sure you did the correct math? mine says it wouldn't take nearly that.

edit: found this https://bitcointalk.org/index.php?topic=56797.0 < this has the formula for the zhoutonging price

(I love it zhoutong used that phrase!)

Mine at the Maza Club! with ShastaFarEye Prospectors! Mazacoin PPS & P2pool mining, and more services coming soon!
Maza Means Money! Check yours at the mazacha.in!

Please contact me  on my  OTC registered GPG (A54E87F2) Key's email address or guruvan@shastafareye.net  and encrypt all correspondence.
adamstgBit
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March 29, 2012, 03:42:37 AM
 #37


edit: did some calculations - Want to force liquidate Atlas for the lulz?  Just make the price drop to 4.254


sure you did the correct math? mine says it wouldn't take nearly that.

edit: found this https://bitcointalk.org/index.php?topic=56797.0 < this has the formula for the zhoutonging price

(I love it zhoutong used that phrase!)
k so i did the math


= current bid - (margin balance + unrealized P/L - (base price * amount * 4%)) / amount
=4.7522 -(538.02-61.78- (4.8152*982.21337*0.04))/982.21337
------------------
= 4.45994

guruvan
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March 29, 2012, 03:51:48 AM
 #38


edit: did some calculations - Want to force liquidate Atlas for the lulz?  Just make the price drop to 4.254


sure you did the correct math? mine says it wouldn't take nearly that.

edit: found this https://bitcointalk.org/index.php?topic=56797.0 < this has the formula for the zhoutonging price

(I love it zhoutong used that phrase!)
k so i did the math


= current bid - (margin balance + unrealized P/L - (base price * amount * 4%)) / amount
=4.7522 -(538.02-61.78- (4.8152*982.21337*0.04))/982.21337
------------------
= 4.45994

The falling price of bitcoin drops the margin balance. This is still not exactly correct.
4.7522 - ((4.7522*113)-61.78-(4.8152*982.21337*.04)/982.21337
= a more rapidly approaching number than most people expect Wink

this is why you should keep USD in your account on a long position.

Mine at the Maza Club! with ShastaFarEye Prospectors! Mazacoin PPS & P2pool mining, and more services coming soon!
Maza Means Money! Check yours at the mazacha.in!

Please contact me  on my  OTC registered GPG (A54E87F2) Key's email address or guruvan@shastafareye.net  and encrypt all correspondence.
adamstgBit
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March 29, 2012, 03:55:09 AM
 #39


edit: did some calculations - Want to force liquidate Atlas for the lulz?  Just make the price drop to 4.254


sure you did the correct math? mine says it wouldn't take nearly that.

edit: found this https://bitcointalk.org/index.php?topic=56797.0 < this has the formula for the zhoutonging price

(I love it zhoutong used that phrase!)
k so i did the math


= current bid - (margin balance + unrealized P/L - (base price * amount * 4%)) / amount
=4.7522 -(538.02-61.78- (4.8152*982.21337*0.04))/982.21337
------------------
= 4.45994

The falling price of bitcoin drops the margin balance. This is still not exactly correct.
4.7522 - ((4.7522*113)-61.78-(4.8152*982.21337*.04)/982.21337
= a more rapidly approaching number than most people expect Wink

this is why you should keep USD in your account on a long position.

your formula comes out to -470.. must be something wrong with the ()'s

but i understand what your saying...

so then i'd say 4.5 ish he gets zhoutonged


why bitcoinia! why not show this zhoutong price?

guruvan
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March 29, 2012, 04:29:12 AM
 #40


edit: did some calculations - Want to force liquidate Atlas for the lulz?  Just make the price drop to 4.254


sure you did the correct math? mine says it wouldn't take nearly that.

edit: found this https://bitcointalk.org/index.php?topic=56797.0 < this has the formula for the zhoutonging price

(I love it zhoutong used that phrase!)
k so i did the math


= current bid - (margin balance + unrealized P/L - (base price * amount * 4%)) / amount
=4.7522 -(538.02-61.78- (4.8152*982.21337*0.04))/982.21337
------------------
= 4.45994

The falling price of bitcoin drops the margin balance. This is still not exactly correct.
4.7522 - ((4.7522*113)-61.78-(4.8152*982.21337*.04)/982.21337
= a more rapidly approaching number than most people expect Wink

this is why you should keep USD in your account on a long position.

your formula comes out to -470.. must be something wrong with the ()'s

but i understand what your saying...

so then i'd say 4.5 ish he gets zhoutonged


why bitcoinia! why not show this zhoutong price?


sorry, I just used the given math w/o checking.
4.7522 - ((4.7522*113*10)-((982*4.81)-(982*4.7522)-(4.81*982*.04))/(982*4.81)
bid - (CurrencyAcct_IN-USD!*Leverage)-((position*base)-(position*bid))-(position*base*.04)/(position*bid)

That should do it. this number still doesn't look right to me and I'm tired. My spreadsheet works. I'll upload it.

Mine at the Maza Club! with ShastaFarEye Prospectors! Mazacoin PPS & P2pool mining, and more services coming soon!
Maza Means Money! Check yours at the mazacha.in!

Please contact me  on my  OTC registered GPG (A54E87F2) Key's email address or guruvan@shastafareye.net  and encrypt all correspondence.
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