Post
Topic
Board Beginners & Help
Re: when to buy, NOW
by
aggieben
on 24/04/2013, 06:14:26 UTC
It's currently retracing. Broke 140, so we should see 160 next. If it pierces that, then 180. Trend is definitely bullish, but also lots of scared folks out there....MtGox is not well capitalized in my opinion, and will have challenges.
Bitfloor is gone, who's next?

Hoepfully Mt. Gox so we don't see another crash when they get DDOSed. Let's do away with all exchanges and bring on the decentralized ones.

Maybe I'm just unimaginative, but I think exchanges are inherently centralized to some degree.  This could be for no other reason than the regulatory burden of traditional currency transfers, or it could also be the only suitable way to accomplish exchange transactions efficiently.  I don't think you'll ever see a P2P exchange mechanism for traditional currencies.