Is it safe to break out the 10:1?

[Jon]

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.

[1714048824]

1714048824

[1714048824]

1714048824

[1714048824]

1714048824

[guruvan]

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.

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.

[Jon]

I am going to be a pompous rich ass:

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

[guruvan]

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.

[ineededausername]

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

1PAChTQ1peVFGr6vjMN3XrCWvgbALyBhQ7

[notme]

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

1PAChTQ1peVFGr6vjMN3XrCWvgbALyBhQ7

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

[mb300sd]

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

1PAChTQ1peVFGr6vjMN3XrCWvgbALyBhQ7

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

Same here

[ineededausername]

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

[Jon]

My parents don't even know.

[ineededausername]

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.

[guruvan]

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

hmm.

[adamstgBit]

My parents don't even know.

how long have you been holding all these coins?

[RaggedMonk]

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]

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]

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!)

[adamstgBit]

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]

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

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

[adamstgBit]

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

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]

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

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.

[adamstgBit]

open up excel and try again if you want