I got liquidated
again.
This time, I didn’t see it happen. I saw the BTC ticker dropping, I ran into a computer problem, and by the time I got into my account—more bitcoin gone! Little itty-bit left.
This
really leaves me kicking myself. I had one month since
my last liquidation to figure this out. I was (and am) totally trapped financially; so, I sat like a deer in the headlights. I should spend less time worrying about Bitcoin, less time writing about Bitcoin, and more time worrying about myself and whether I will have any Bitcoin.
Time to be a ruthless mercenary capitalist.
Oh, in case the newbies didn’t get it:
MARGIN SUCKS!!! Six months ago, my financial position was beautiful. I was not rich; but I had a decent position, it was consistently improving over time, and best of all—my position was
stable. If I had never touched margin, then I would now be munching popcorn, laughing at all the people who are worried, and looking for the best way to buy some cheap coins (
for cash, without margin). But I am financially dependent on assets that are, um, gone. Whoops.
If even
one naïve n00b is deterred from margin by my flouting this in public—well, I can’t say it will have been worth it. No way. But at least, some good will come out of this.
WTF, did I jinx myself by quoting mindrust in an earlier post?
If we really visit the $23k range, I could get liquidated
again-again. I ought to avoid repeating the same mistake.