Post
Topic
Board Bitcoin Discussion
Re: The Bitcoin Trading Group
by
FXTrader
on 16/09/2011, 17:14:03 UTC
What happens if I add/withdraw funds or even trade while you are at the trading phase? Just asking.

At this stage, I will more than likely just remove that account from participation until the next cycle.  If I have a position on and the account holder disagrees with it and sells out, at the end of the cycle, there could be a debate of who actually generated any profit or loss.

So, this means that I cannot add or withdraw BTC during a cycle right? I assume the length of a cycle depends on the market conditions? How long do you typically expect these cycles to last?

Yes, I would highly prefer it if you did not add or withdraw during a cycle.  It is your BTC and you may do what you wish with your coin.  The issue for me is for profit and loss reporting.  If I make a trade and you disagree with my trade and exit out of it, at the end of the cycle there can be a debate as to who actually made the profit in your account.

A typical cycle will be about 1 week to 1 month.  It depends on the volume and volatility in the market.