If there was no Mtgox ... ?

[OmegaStarScream]

What do you think Bitcoin price would be if there was no Mtgox ? without taking in consideration that Bitcoin price was pumped by Willybot or whatever his name is .
I personally think that the price would be higher then now because Mtgox was probably one of the reasons that people either left Bitcoin or simply didn't join on the first place since they see it now as a risk .

[willope]

10$ maybe?
Becouse Mtgox artificially pumped Bitcoin not once, but all of it's lifetime!
And if there was no Mtgox, then the other exchanges didn't take care of the security measures as they do nowadays. And soon or later it would happen the same or worst scenario.

This is my opinion, considering that Mtgox stealed me a dozen of btc...

[Amph]

probably not less than 60-90, which was the price before the big pump started, but i believe we are in the same range to which we would arrive anyway, mtxgox or not

i would like to picture the whole mtgox drama as the "90-1200-230" ranges...

[spazzdla]

The pump to 1200 was bitcoin hitting the media and and emotional frenzie.  The idea gox pumped it there is hilarious. Highschooler were buying, people in their 30's that couldn't turn a computer on.

The rise to 1200 was the dagger into Gox's ability to control the market.

[el kaka22]

However if there is not Mtgox, which got hundreds of thousands of bitcoins stolen (and probably got dumped by hackers), the price would be at 500 now (as bitcoin would be pumped on other exchanges).
I think that Mtgox is still a bad history for bitcoin.

[seoincorporation]

But i think the MtGox mean less bitcoin in the market, meybe i'm wrong, but they was the guys who bump it, and after the MtGox, bitcoin lost a lot of investors and trust for the society.

[n2004al]

Some tell the was Mt Gox that was one of the principal factors (if not the only) that has contributed in the increase of the price of bitcoin. I don't be sure about this because I am unable to judge this thing. But for sure MtGox was one of factors that has reduced to much the enthusiasm of to many versus bitcoin. And not only the enthusiasm but even the price.

[Febo]

What do you think Bitcoin price would be if there was no Mtgox ? without taking in consideration that Bitcoin price was pumped by Willybot or whatever his name is .
I personally think that the price would be higher then now because Mtgox was probably one of the reasons that people either left Bitcoin or simply didn't join on the first place since they see it now as a risk .

Without MtGox, much less people would posses Bitcoin today and would be much less used. Maybe Bitcoin would never reach even $100 by now.

[Shiver]

That's a tough call.  Gox had both positive and negative influence on the USD price.

At a guess (and only a guess), I'd say it would be somewhere like where it is now, or maybe a little higher if peoples confidence hadn't been shaken, though that would have to account for the media attention that Gox had in influencing price rise, so it's not something I have the ability to reverse engineer.  Maybe some smarter folks could weight those influences.

[randy8777]

without mtgox i think the bitcoin price would rise slowly but stable every year. maybe we would now sit at around $150-$200 if mtgox wasn't here. 

[XCASH]

According to the willy report it was MtGox that pumped the price to its ATH, but it crashed the price when it announced it was bankrupt. However, it as the first exchange that had volume, and without it Bitcoin might never have become popular. Before it there weren't many Bitcoin users, but after it started the numbers of Bitcoin users increased exponentially. Maybe another exchange would have made Bitcoin popular if MtGox had never existed, or maybe not.

[Meuh6879]

Question : Re: If there was no Mtgox ... ?
Answer : I have bought Gold Bar ... instead of Bitcoin.





  ... thing ... alien ... humanity ... decision.

[gentlemand]

Gox fulfilled a vital role once upon a time. It was the only game in town for a long while. Perhaps Bitcoin wouldn't be anywhere without it. There's no way to know. If only they'd been competent they could've conquered the world.

[n2004al]

Gox fulfilled a vital role once upon a time. It was the only game in town for a long while. Perhaps Bitcoin wouldn't be anywhere without it. There's no way to know. If only they'd been competent they could've conquered the world.

Don't forget that the founder and the boss of MtGox was arrested for fraud. Can be such person so important to create a subject with vital role in one direction (whatever will be that direction)?

[XCASH]

Gox fulfilled a vital role once upon a time. It was the only game in town for a long while. Perhaps Bitcoin wouldn't be anywhere without it. There's no way to know. If only they'd been competent they could've conquered the world.

Don't forget that the founder and the boss of MtGox was arrested for fraud. Can be such person so important to create a subject with vital role in one direction (whatever will be that direction)?

Karples didn't found MtGox, Jed McCaleb of Stellar founded it. He sold it to Karples shortly after founding it when he realized he was out of his depth. McCaleb first registered the domain name MtGox.com because he wanted to start an exchange for Magic the Gathering game cards. MtGox stands for Magic the Gathering online exchange. However, he gave up on the Magic the Gathering online exchange idea, and used the domain name to start a Bitcoin exchange instead.

[lexuz]

At least bitcoin price get help because mtgox. Im not sure bitcoin price can up to $200 like now, we must say thanks to mtgox

[n2004al]

Gox fulfilled a vital role once upon a time. It was the only game in town for a long while. Perhaps Bitcoin wouldn't be anywhere without it. There's no way to know. If only they'd been competent they could've conquered the world.

Don't forget that the founder and the boss of MtGox was arrested for fraud. Can be such person so important to create a subject with vital role in one direction (whatever will be that direction)?

Karples didn't found MtGox, Jed McCaleb of Stellar founded it. He sold it to Karples shortly after founding it when he realized he was out of his depth. McCaleb first registered the domain name MtGox.com because he wanted to start an exchange for Magic the Gathering game cards. MtGox stands for Magic the Gathering online exchange. However, he gave up on the Magic the Gathering online exchange idea, and used the domain name to start a Bitcoin exchange instead.

Ok. I had not the right data. Your story is true but serve only for the history. Because behind all the construction of MtGox as a bitcoin business was Karpeles. He build this empire and he lead it until the last day. So pratically MtGox was Karpeles.

[n2004al]

At least bitcoin price get help because mtgox. Im not sure bitcoin price can up to $200 like now, we must say thanks to mtgox

It was a fake price not a real one. Fact is that this price go down with the end of MtGox. If it was real was no reason to goes down. But don 't worry. Will go high again. Maybe not soon but will go high one day...

[tonycamp]

MTgox was a simple thing and was hacked last year but the price keeps to sustain now mtgox its needed and other regulators

[NorrisK]

MTgox was crucial in the early stages of bitcoin. It was one of the only ways to buy bitcoins at low risk. Don't forget that. Ofcourse they fucked up, but they were very very crucial.