Originally Posted by scutzi128
Anyone thinking this gox situation will somehow make btc prices go back up is dreaming. This will cause significant harm to BTC, hopefully its only temporary. Lost about 3 BTC in this mess but easy come easy go.
Well, on the other hand, the drop in Bitcoin prices over the last two weeks was becuase of MtGox FUD and tumbling prices on that exchange. The other exchanges actually proved to be fairly resilient staying in the 600 ish range. I suspect after people get over the shock, Bitstamp and BTC-E will rebound very quickly once they start going back up.
EDIT: Personally, I'm actually kind of glad MtGox finally died. They really needed to go. For such a large and old exchange to be so irresponsible and non user friendly, they were doing bitcoin a big disservice. They weren't acting in the best interest of Bitcoin either by dragging this out for as long as they can.
Contrast that with the Silk Road 2 guy who was up front with that hacking and vowing to set things straight. To think that MtGox can be so different is disappointing.Edited by Syan48306 - 2/24/14 at 9:04pm