Re: The Dreaded Double **

for sure, it is costing his customers who are now starting to walk away.

I would seriously hope they are.

Anyone leaving more than a bit of lunch money on Bitcoinica after all thats happened is either filthy rich or insane.

I think I can now agree with you that Bitcoinica has harmed Bitcoin as a whole, and is continuing to do so. Its turning this thing into a pyramid scheme.

Our biggest clients who trade on 2.5:1 leverage have been fine.

We will re-consider our 5:1 and 10:1 options soon.

i would hope so; for the sake of the community.

I'd rather the 5:1 option remain as I have been using it and have been very conservative with it and it has served me well. If people can't handle the leverage, then they deserve the loss. Don't penalize those (like me) who use leverage properly to take advantage of big dips or peaks and leave enough reserve to cover. 10:1 is crazy, but 5:1 is perfect for many.

-Mike