tied your chips to the value of the dollar. In other words........ say you wanted to gamble with 200 dollars. You could deposit 200 at a gambling casino and they would issue you chips worth 200 dollars. At any point you could exchange the chips for 200 dollars worth of bitcoin (which could be more or less bitcoins than you initially deposited)

do you think it would be too much risk to the casino to do this? They could somehow use coinbase to do it. When you deposited they would convert your bitcoins into currency and simply by back when you cashed out. That would be like a 2-3% charge if they did that.

just a guess but if the press wants to do a story on bitcoin they will probably interview someone actually involved with bitcoin like a business owner? Or a user?

I was wondering... right now it's pretty easy to move your bitcoins around from exchange to exchange. But moving your money is a different ballgame

would ripple enabled exchanges one day be able to let you move dollars back and forth and do arbitrage that way? is that even possible?

Anyone else notice the amount of buying it takes to get us from here @ 116 to 175 is only 4.75 million? That's pretty much home much it took to just get from 95 to 105 I thinkkkk

I thought I had an extremely steady hand. I held during the crash (unfortunately). I held during all those massive swings. But finally when I woke up the other morning and it was at 55 and I decided to sell some to take out my risk.. but also in case it dropped further to buy more. Well that was a bad call. Those orders selling below 60 were being chewed through like crazy by buy orders. I should have paid attention and not been an idiot.

Actually I take back what I said about a retraction coming haha. If this buying frenzy keeps up........ it's already up to 117 guys


Honestly I probably don't have the constitution to be a day trader but I think I can learn from mistakes and not panic sell again. I think the loss made me stronger

basically I still have about 80% of my coins. My idea is to put away about 60% of what I have now and use the rest to day trade. My goal would be to group all the coins together as one unit.. and basically hold bitcoin until I think there will be some dip. Sell the coins..... and buy back at a cheaper price. If the price just continues soaring and I don't get any dip then just keep them on the exchange for a while...... and if it still doesn't come back down then just take that money. It's already more than I initially sold for. I bought back in at 87 (sold at 55).

The hard part is timing the dips. I don't see there being a retraction in the next few hours.

There is around 19.5 million in bids and before the crash there was only 16 million. (I wonder how much money is ready to invest but not involved in some open order?)

There are 50k less coins on the market already than there were just a few days ago. I remember after the crash there was easily over 150k. Now it's under 100k.

Mt gox appears to have addressed some issues with their lag and DDOSing. They seem better than before. I haven't seen the lag creep up to 30+ minutes. I think i saw it at 1 minute at one point today.

A millionaire can enter the market now and only move the price 10% if they bought all at once. (with the sell walls in front of 100 it was actually much less than that earlier. I think just 3 dollars increment cost a million

mt gox appears to have increased their verification capacity and are processing faster now. The queue should empty faster but I don't know what the queue is. With only 100k coins on the market... if 100k new people come they would drive the price up to just get 1 single coin.

on a down note... it seems like mt gox is surviving but we are losing other exchanges. Bitfloors bank shut them down. Bitcoin24 shut down (but I heard some rumor that they will go up again?). All those projects for new exchanges that are in the works are probably still months or years away.

bitcoins press coverage continues to increase rather than decrease. Publications all over the world in many countries are releasing news... potentially expanding the audience of people that know of bitcoin to the many millions

I panic sold a good deal of coins at 55 should I try to day trade to get them back? It seems hard.

The weekend is coming so funds should halt which means we might see a drop at some point but will it be below 100?

the western union news was really interesting. before it was just a rumor of sorts. Now it's sort of official that they are looking at bitcoin. They are a huge company and could be the catalyst that bitcoin needs.

is it just me or are we jumping even more than before the crash? just today it was at like 91 in the morning and now it's at 111. 20% one day with no sign of retraction?

I think most people don't understand ripple. It's impressive though. If western union is looking at bitcoin they should first look at ripple......... since they could basically do bitcoin by integrating ripple and becoming gateways since they probably already comply with a ton of laws and regulations.

why is bitcoinity still showing trades?

Wasn't the market depth of bitfloor rather tiny? A panic sounds hilariousss. I don't think the alt exchanges can cause or have panics .. since everything is focused on mt gox

out of curiosity does anyone know how much bidwalls were before the crash? right now there is 17 million in bidwalls

If the bank just decides they don't want their business how come bitfloor can't seek a new bank? The indefinitely sounds permanent

Does anyone have guesses as to why their bank would shut them down? Is this an attack against bitcoin? Something else?

I sold half at 55 because of panic. I didn't sell during the initial crash.. or the yo yoing.. or any of that. But I was tired of missing out on all the swings. Well it went up 40% less than 24 hours after I sold.

My theory is that if ripple comes into use... it will allow the seamless transition between different currencies and people will then naturally gravitate to the most honest currency . Bitcoin!
If they did integrate bitcoin though I think that means they would integrate ripple if it came into use.

is this real? http://www.reddit.com/r/Bitcoin/comments/1cchk6/bitcoins_are_going_to_be_accepted_at_amazon/

just looking at the pattern I have noticed..... usually monday and tuesday gox is somewhat attack free. I suppose someone wants the price to go up. Or maybe it just goes up because that is when most funds arrive and people don't like to wait to buy. But then wednesday and thursday there is usually a lag attack and also a crash. Just saying ........

In other words... having people use ripple would help bitcoin because it would alleviate the blockchain... it would make transactions faster.... and consequently it might also reduce the fees for micropayments even further... but most of all it would increase liquidity allowing those who want bitcoin to acquire them.

But how does bitcoin help ripple? Here are just some speculations coming from my limited understanding:

Ripple might make it easy to transfer between currencies that it will allow people more of a choice of what they want to hold. And if they could hold bitcoins as easily as they could hold dollars why would they choose the inflating currency?

If they can choose bitcoins a reason besides inflation might be that governments and banks can't confiscate bitcoins.

And finally bitcoins might make it easier to acquire ripples? I'm not sure if you can buy ripples with a credit card but surely you can buy them with bit coins so this might be a way ripple utilizes bitcoin?

what are your thoughts?

finally ........ doesn't ripple run into a HUGE problem with the new FINCEN rules?

High: 130, low: 75