Curious what the other traders here are doing. Today I bought back the rest of the bitcoins I was short, and looking to buy more with the proceeds if further capitulation occurs. Not to brag, but I've more than doubled the number of bitcoins in my account if I were to go all in now. From the past I've learned that at this point it's wise to lock in gains before it's too late and you end up chasing the rally.

Here's something controversial:

It is well known that bubbles need a signal to pop. For example, in 2012 we had the news that pirateat40 would terminate BS&T, and in april this year we had the mtgox DDOS which ignited a selloff. I think that bitcoin is primed for a correction and I think the catalyst this time could be the dramatic growth of LTC/BTC (and other altcoins) over the last few days.

The market is slowly waking up to the idea that in the future, conversion between altcoins (and bitcoin) will become nearly frictionless, removing any barrier for value to shift between altcoins. Due to open source, any improvement to the bitcoin software can instantly be adopted by the altcoins. Moreover, this could be a solution to bitcoin's deflation problem: Altcoins can absorb new money that is seeking to enter the space of virtual currencies, as we have already been witnessing with litecoin.

I like to compare this paradigm shift to the exchange decentralization which we've seen after all the pain caused by mtgox since April. This time, the pain is caused by the extreme valuation of bitcoin and the perceived unfairness of the early adaptor advantage.

http://www.zerohedge.com/news/2013-11-18/great-rotation-bullion-bitcoin

goldbugs: but but but what if they shut off the internet??

http://slashdot.org/story/12/11/16/0434236/wordpress-to-accept-bitcoins

http://nhcaptv.com/episode/224

What are Bitcoins, and what is the "Bitcoin revolution?" Denis is joined by programmer Matt Whitlock and State Representative Mark Warden for a discussion on the background and future impact of Bitcoin

What's up with Ruxum? I haven't received any updates from them for quite a while..