Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Nothing is more funny to a bull than the OKcoin bear that got margin called today for 31,000 BTC/3 million dollars. His wife is gonna kill him.

You need to have some guts to go 10x leverage with $3 mill tho, gotta give him that.

Does that mean he lost $3m?

Funny thing is, imagine all those who got all their low bids filled because of his margin call only to see it shoot up $10 a second later.

So it has the effect of clearing the order books in both directions?