China bitcoin exchange shuts down

[BitCoinNutJob]

http://www.coindesk.com/lesser-known-chinese-bitcoin-exchange-gox-btc-announces-closure/

Due to legal uncertainty & cost apparently

[QuestionAuthority]

That's ok, we don't need China we have the rest of the world.

[EvilPanda]

Never heard of it, why would anyone care about some small exchange closing?

[halinyo]

Considering the fact that one of the biggest btc market was in China, this will destroy the price of the btc down to half at least by the 18th. Then may increase just a bit.

[halinyo]

That's ok, we don't need China we have the rest of the world.

This will be an example to the rest of the world how that happened in China. Therefore, all the BTC-related companies, etc. may get closed sooner or later
well I hope not

So should act wisely. There is huge risk to take, or to lose less.

[joesmoe2012]

I'd used this exchange a few times in the past. They definitely had higher than 100 BTC daily exchange volume (as the article suggests). Everything was fine with them until recently I had a bunch of BTC stolen off of this exchange. Maybe others experienced the same problem and that's why the exchange no longer has any volume...