Post
Topic
Board Bitcoin Discussion
I got a margin call, was forced to sell, and lost my entire life savings.
by
15_year_old_blonde
on 11/06/2011, 01:40:10 UTC
i started when it was $6, sold it at $20 and made $45K.

so i leveraged 60 to 1 and piled in when it hit $30.1, but today when it dropped over 20% i was forced to cut all my positions, and lost 110K in the process!

how could this happen? there should be a central authority to bitcoins regulating daily loss of maximum 5% per day!