Quote:
Originally Posted by Tron_fdc
This is fascinating. I've been reading about BTC for a few days now.
Is there a central exchange for them? There doesn't really seem to be. I found a few sites where you can trade them, but the price is all over the map. Theoretically I could buy them on one exchange, then turn around and sell them somewhere else for a 25% premium (or more).
Seems to me that if someone spent a lot of time exploiting all the unregulated areas of the currency there is quite a bit of money to be made.
It's also pretty tempting to put together some cash, and order up some mining equipment. It really is like a gold rush.
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https://bitcointalk.org is the best place for information on Bitcoin. I believe it's a bit late to get into the mining gold rush, but there could still be money to be made just buying in.
Arbitrage between the exchanges has been discussed at length on bitcointalk and there's challenges doing so with some of the exchanges. Mtgox has multi-month delays for wire-transfer withdrawals. Avoid Mtgox at all costs for many many reasons. Btcchina you need a China based bank account. Cavirtex is good but trading fees are much higher than other exchanges. Bitstamp is a main choice for lots of people.