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bananas
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February 25, 2014, 05:33:28 AM
 #21

" Mtgox has confirmed its issues in private discussions with other members of the bitcoin community"

R.I.P. Gox
keithers
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February 25, 2014, 05:44:06 AM
 #22

All the other exchanges are going bananas right now!  I wonder where the bottom is going to be this time?   I am going to load up for sure...
repentance
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February 25, 2014, 05:46:18 AM
 #23

NY Times is now covering the story.

http://www.nytimes.com/2014/02/25/business/apparent-theft-at-mt-gox-shakes-bitcoin-world.html?_r=1

Quote
On Monday night, a number of leading Bitcoin companies jointly announced that Mt. Gox, the largest exchange for most of Bitcoin’s existence, was planning to file for bankruptcy after months of technological problems and what appeared to have been a major theft. A document circulating widely in the Bitcoin world said the company had lost 744,000 Bitcoins in a theft that had gone unnoticed for years. That would be about 6 percent of the 12.4 million Bitcoins in circulation.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
5thStreetResearch
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February 25, 2014, 05:48:29 AM
 #24

This event is going to prove to be a positive for Bitcoin in the long run, but things are gonna be ugly in the short term

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