Quote:
Originally Posted by Supz
Just not by hackers. Of Course there are the big traders on wall st who move the markets. But at the same time, if you invest in sound companies that that pay dividends and show a profit. You actually stand a chance as an individual investor.
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i'm figuring you know more about this than i do but i remember the junk bond market, it was entirely propped up from the inside right?
Quote:
Originally Posted by woj
I was under the impression that bitcoins are decentralized and so can not be stopped?
and yet, downing only a few sites for only a few hours caused a 20+% decline in price?   |
btc is decentralized, the exchange that was hit, mtgox, has commanded a lion's share of the exchange business so when they were hit, it was similar to hitting a large chunk of the entire exchange market. I've seen some #s that claim 90% of all btc business is transacted through mtgox.