Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bassclef
on 03/04/2014, 02:20:37 UTC
Quote from: Guinpen on April 03, 2014, 02:05:26 AM
Quote from: BBmodBB on April 03, 2014, 02:02:24 AM
Quote from: billyjoeallen on April 03, 2014, 01:53:00 AM
Quote from: aminorex on April 03, 2014, 01:21:31 AM
Here's hoping BJA either sold a little on the spike or found something to hock.

If the posted bids down to 400.01 were dumped at market, they would buy up to 490.76


I closed my margin long @ $478 and took a good pounding. My biggest loss ever. Note to self: Never hold a margin position overnight.

note to all : NEVER NEVER EVER TRADE ON MARGIN!!! Wink jmho!!!

I'll play the ignorant n00b card again... could you please explain what trading on a margin means?

In my defense, it does say "Newbie" on the left Smiley

It's when you borrow money (or bitcoins) to bet that the market is going in a certain direction instead of simply buying/selling. If you're right, you win more. If not, you lose more.