What happens if Mt. Gox suddenly goes away?

[yurtesen]

I think nothing would happen, first of all even if they can stop mtgox in usa, it would continue working on europe etc.
There are other exchanges, they would become more popular for users from usa.
The price can go up or down I think. It is difficult to say, but if americans stop selling on mtgox, there may be too much demand and price can also go up perhaps?
Probably americans would suffer if government would confiscate their funds from mtgox accounts.

[Banco di Napoli]

I think face to face transactions would benefit from Mt. Gox's fall / shutdown.

[thecodyshow]

temporary drop in price until people moved to other exchanges.

[MikuCoin]

Well there is www.cavirtex.com in Canada.
They have said that they are looking at allowing users from out side of Canada.
They also do have a MSB license too.

[Vikerus]

Well there is www.cavirtex.com in Canada.
They have said that they are looking at allowing users from out side of Canada.
They also do have a MSB license too.

Nice find

[parroquiano]

More exchanges getting ready to launch:

BTCGlobal: https://btcglobal.net/products/btc.uy-exchange
Kraken: https://www.kraken.com

[derstacker98]

BTC-e would take I've and millions would kill themselves.

[BazkieBumpercar]

..I guess in the long run, it'd actually be good for bitcoin!

[hendo420]

The first dozen or so times gox crashes it had an effect on bitcoin price, but people have either gotten used to it, or lose faith in gox because each time gox crashes it has less and less of an effect on bitcoin price on other exchanges.

So when gox finally bites the dust I wouldnt expect much more than a $20 drop in bitcoin price.

[chauncywicks]

Bitcoin is fine without Gox. It'll put more emphasis on other exchanges, and ripple will solve all of our problems.

[poppnfresh7]

Supply and demand. Less sellers and we profit!