We have buried the MtGox nightmare once and for all

[BillyBobZorton]

The fake all time high from back in the day that was about $1250 has been finally surpassed. We are now higher than ever before, no excuses, no MtGox to make the graph ugly, now there is no limit, it's anybody's guess how high it will go.

What we know for a fact is, there will ever be 21 million coins, and there are increasingly less as they get lost, total supply is almost mined.

21 BTC holders shall find glory.

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[OmegaStarScream]

I wouldn't be too optimistic personally, exchanges tend to get hacked usually when the price raise so people better take some precautions now so they don't feel sorry later, any exchange that don't hold funds on cold storage shouldn't be used in the first place.

[richardsNY]

I wouldn't be too optimistic personally, exchanges tend to get hacked usually when the price raise so people better take some precautions now so they don't feel sorry later, any exchange that don't hold funds on cold storage shouldn't be used in the first place.

Basically every serious exchanges stores the far majority of its coins in cold storage, but that doesn't necessarily mean that hackers are the only thing you should worry about. I very much doubt all the hack stories that exchanges want to make us believe. Inside job is far greater threat that should worry people instead of hackers. That's why I don't add much value to Bitfinex anymore. I don't believe they are hacked. It was a well set up inside job.

[chaser15]

The fake all time high from back in the day that was about $1250 has been finally surpassed. We are now higher than ever before, no excuses, no MtGox to make the graph ugly, now there is no limit, it's anybody's guess how high it will go.

What we know for a fact is, there will ever be 21 million coins, and there are increasingly less as they get lost, total supply is almost mined.

21 BTC holders shall find glory.

Coins are distributed well, even with no source of that to considered as a proof, we really have an increasing number of bitcoin users throughout the globe. No way only the whales are the one who are making such buys that's why we are currently sitting at the current price today.

I wouldn't be too optimistic personally, exchanges tend to get hacked usually when the price raise so people better take some precautions now so they don't feel sorry later, any exchange that don't hold funds on cold storage shouldn't be used in the first place.

In case a hacked will happen today, I don't see the price to experienced the same scenario happend when Mt Gox showed their true colors. Back then most of the coins are being traded in that exchange unlike today that coins are playing along with several big exchanges. So a hacked of single exchange today will not be enough to make the bitcoin price decrease continously.