Post
Topic
Board Bitcoin Discussion
Re: I got a margin call, was forced to sell, and lost my entire life savings.
by
cypherdoc
on 11/06/2011, 03:32:02 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!

you're a troll.  first of all a 15 yo can't get a hold of leverage, let alone 60-1.  this kinda sophisticated talk makes me think you're a f*cking Wall Street punk who wants to scare everyone here into to selling to you.  don't sell to this weenie.