why can't you just buy a bitcoin at bitstamp for $85 and then sell it on MtGox for $100?

He doesn't understand Bitcoin and apparently doesn't understand the importance of the numeraire in wagers.

bc he doesnt have any money, as he already admitted. at least he isnt rolling ppl on these bets tho so i give him actually a lot of credit.

Mt.Gox down again. DDoS plus crazy trading activity I suppose. Too bad.

The Fed/CIA has been pulling no punches of late

we will overcome

Bitcoin is to digital currency as Grimstarr is to poker

mtgox pretty conveniently going down every time the price is swinging down hard

So has anyone gotten busted for secretly installing mining operations on a bunch of PC's yet? I mean, most of us have access to hundreds of machines at work and stuff, seems like a network admin or something could really get a sweet little operation going.

I would like to see someone post some evidence of a DDoS attack. Right now it just looks like Mt.Gox can't handle the traffic. Blaming the CIA, NSA or the feds is ridiculous. If there is a DDoS then it is from someone who sold at 200+ and is now trying to cause issues to drop the price and buy again at 90.

I read somewhere about a virus that gets computers to mine coins. Not sure if it's true or not, I just saw the headline.

I don't understand the $30 spread b/t Gox and Bitstamp.

gox has been down for like 30m

would like to know this also

btc-e has btc at $70, but its $90+ at gox

btc-e keeps going down too. this is odd. vircurex seems to be fine, but nobody really uses that site.

Evidence is the company's statement at this point. But it's not like it is hard to believe. Many BTC sites are targeted - eg, Seals With Clubs and many other prominent ones with different owners.

coinbase will buy them right now for 102, sell them at 111.

You can. As long as you have sufficient funds on both sites. It might not be profitable depending on the fees and the risk that your order doesn't get through for the expected price on one site.

listentobitcoin.com is pretty elite

got damn



we ghana need a bigger boat

try 51%-ing versus THAT...

All,

For those of you wanting to wager but bickering about the length it is below a certain price, one way to address that is to say "price at midnight gmt (or whatever sampling time) is below x within y period." Not perfect, but provides reasonable protection against people not wanting to bet due to some momentary pricing discontinuity.

chatting with owner of gox, says site has been experiencing massive ddos attack.

You don't seem to understand what I'm saying when I say how volatile this is, and how everyone's speculating. Making a bet on the price within 30 days is pure speculation, and would make me only slightly less moronic than people who were trying to buy bitcoin ITT at 100+. A two year bet however, is very different.

This is exactly the same as the dot com bubble, people with no understanding of economics, investing, or currency, heard the hype and thought "what could go wrong?". I can't even begin to understand the mindset of the people ITT buying Bitcoin with no knowledge of anything other than Bitcoin itself, and no understanding of how the markets actually work.

I had a buy order at bitcoin24 pass 4x AKA I bought 4x times the amount of BTC for the price of 1x lol. Site is down now, I wonder if there will be (if that's even possible) a rollback.

But you also clearly don't understand the value of bitcoin when you are saying it will go to 0. What makes bitcoin a fun thing to follow is that both the people that think it will go to 0 and those that think it will replace fiat currencies are full of ****. Current speculation just seems to be a battle between the two.

Well this sucks... I hope bitcoin bounces back.