Quote from: rnicoll on July 10, 2011, 08:20:01 PM

Quote from: AyeYo on July 10, 2011, 07:59:40 PM

^Bitcoin doesn't have margin calls because you aren't trading on margin. Roll Eyes

Quote from: rnicoll on July 10, 2011, 12:51:45 PM

Yes, you can get Forex mini accounts, they're all with market makers where the price you trade is determined by the person holding your money. Even with the few really reputable companies, that's just not a good situation to be in.

That's the EXACT same position you're in with Bitcoin trading, which was the point I was making. At least with a FX bucket shop you've got the law and regulatory agencies on your side, not to mention the fact that you're trading with a real business and not some dude with a server in his mom's garage.

While I'm nervous about the fact that trading on Mt Gox means giving them my USD/BTC, I thought trades were direct against other traders, and they charged commission, rather than trades being with Mt Gox themselves?

Who said MtGox doesn't trade against people? There's no regulation, remember? No laws against conflict of interest, nothing like that. Your data provider, broker, exchange, and opposing trader are ALL the same person (like literally one or two guys, not just a business entity) in Bitcoin land. But yet people think regular FX is too rigged and risky? Cheesy