Quote from: Chuck on May 06, 2013, 02:23:34 AM

Quote from: coffeebee on May 06, 2013, 02:20:05 AM

Quote from: powdabam on May 05, 2013, 04:38:26 AM

Why are you buying something that techni cally isn't even a coin and gets destroyed during each transaction?

Because you can trade it for more at bitstamp and instantly profit 40%

Yeah, but the price fluctuates quickly. The majority of bitstamp offers are over 12,000 (worse then my offer) - there is a small amount of people willing to do better, and that could evaporate by the time the trade is over.

Anyway, the Ripples I'm buying, I'm holding for the long run, as I think it has lots of room to grow. I could be wrong, it's a gamble I hope will pay off.

I checked just now and the price was 7780 for 1BTC. I made a successful trade and it is still the ask price.