BTC up, Gox ruining it. Again.

[BitCrawler]

We all noticed how the Bitcoin went up the last days. Which is very nice ofcourse. But today we all received an email from Mt.Gox 'Announcement of Commencement of Bankruptcy Proceedings'.

Every single time something good happens Mt.Gox is ready to destroy it. What will this email do? Remind people of how much they failed, unnecessary lowering the confidence people have in BTC? What will this email do with the recent price range? Any thoughts of that?

When will Mt.Gox, or as I see it 'the cancer of btc', finally leave us alone?

[Hunyadi]

I don't think that's the case. Mt Gox or China won't have that big effect anymore. The trend has reversed. Enjoy the bull market.

[piramida]

Yes, finally we can all say that Gox is completely irrelevant. They can blow up their HQ now for all it matters and nothing will happen to the price.  Right now, the only way it can affect the market is positively, if by some miracle coins stolen from us by Gox will be found.

[calmindifference]

If/when 200K BTC comes to market it will ruin it for BTC holders in the short term, but ultimately it will be good for bitcoin.

[spazzdla]

I don't think that's the case. Mt Gox or China won't have that big effect anymore. The trend has reversed. Enjoy the bull market.

I agree with this mainly because the rest of the planet at this point(IMHO) just accepts China hates BTC and could ban it 100% for all we care.

[bitgeek]

The only ones who really care about Gox now are people who had money there. The rest has already moved on. Don't know if Mark The Thief owns you money, but whether he gives it back or not won't have a big impact on the price.

[calmindifference]

The only ones who really care about Gox now are people who had money there. The rest has already moved on. Don't know if Mark The Thief owns you money, but whether he gives it back or not won't have a big impact on the price.

Consider how they will liquidate the 200K BTC that were found, and if the remaining 600K+ will ever make it to market - by whatever route.

[bitgeek]

The only ones who really care about Gox now are people who had money there. The rest has already moved on. Don't know if Mark The Thief owns you money, but whether he gives it back or not won't have a big impact on the price.

Consider how they will liquidate the 200K BTC that were found, and if the remaining 600K+ will ever make it to market - by whatever route.

I believe they will have to give back the 200k, since they officially admitted to having it. There's nothing else they can do with money they owe and possess. The 600k is a different thing, nobody knows when and where it will move. Don't forget the whole thing might be a hoax and there wasn't an outside theft.

[Pobre]

There is no way the people will now get demotivated with the bitcoins. Bitcoin is expanding day by day, and this expansion is leading to the increase in demand, and this demand cannot be finished with just some emails by gox.

[bryant.coleman]

I don't think that Mt Gox is going to disrupt the current bull run. None of the compensation payments will reach the users before February 15, 2015. And Gox has already damaged the Bitcoin so much that it won't be having any more impact on the exchange rates from now on.

[Shallow]

It would seem that most people have moved on from the Mt Gox fiasco and the market has finally returned to it's former glory

[BitCrawler]

It seems that most of us are past the Mt.Gox fiasco, good to know! Lets see what the future brings us.

[lynn_402]

It would seem that most people have moved on from the Mt Gox fiasco and the market has finally returned to it's former glory

It's been a long while since we've heard anything from China too! Except some good news about ATMs popping up in some cities.
That's really refreshing, and hopefully everyone has forgotten about them by now so they won't be able to influence the price that much.

[fonzie]

It would seem that most people have moved on from the Mt Gox fiasco and the market has finally returned to it's former glory

It's been a long while since we've heard anything from China too! Except some good news about ATMs popping up in some cities.
That's really refreshing, and hopefully everyone has forgotten about them by now so they won't be able to influence the price that much.

Actually we are wating for the final news about the exchanges , that will (due to regulations) have to shut down over night and crash the market.
Could happen any minute now. 

[frienemy]

It would seem that most people have moved on from the Mt Gox fiasco and the market has finally returned to it's former glory

It's been a long while since we've heard anything from China too! Except some good news about ATMs popping up in some cities.
That's really refreshing, and hopefully everyone has forgotten about them by now so they won't be able to influence the price that much.

Actually we are wating for the final news about the exchanges , that will (due to regulations) have to shut down over night and crash the market.
Could happen any minute now. 

BREAKING NEWS!!!

CHINA BANNING FONZIE!!! Short Fonzie as long as you can!!!