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Author Topic: MtGox closure will boost BTC price rise in the long term  (Read 2260 times)
giantdragon (OP)
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February 25, 2014, 04:26:54 PM
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I remember when Silk Road was closed BTC price plummeted sharply but then restored quickly and started new growth cycle. This time might be the same.
MtGox generated mostly negative news background so damaged Bitcoin reputation, therefore I think now BTC price will be freed from this deterrent factor and can reach new all-time high soon!
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February 25, 2014, 04:29:18 PM
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Quote from: giantdragon on February 25, 2014, 04:26:54 PM
I remember when Silk Road was closed BTC price plummeted sharply but then restored quickly and started new growth cycle. This time might be the same.
MtGox generated mostly negative news background so damaged Bitcoin reputation, therefore I think now BTC price will be freed from this deterrent factor and can reach new all-time high soon!

The question is whether MTGox is going to close or not. It has more life's than a damn cat  Roll Eyes


(Of course, if it finally closes as it seems, it will be good for long term!)
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February 25, 2014, 04:30:46 PM
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The cancer has been removed. The surgery was painful but the patient will recover.
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February 25, 2014, 04:48:18 PM
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I agree. As long as bitcoin survives in the short term, the demise of MTGox is definitely a good thing.
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February 25, 2014, 04:54:00 PM
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Quote from: Holliday on February 25, 2014, 04:30:46 PM
The cancer has been removed. The surgery was painful but the patient will recover.

Yep!
ThatDGuy
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February 25, 2014, 05:00:26 PM
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Quote from: Holliday on February 25, 2014, 04:30:46 PM
The cancer has been removed. The surgery was painful but the patient will recover.

I really hope it sticks this time.  Gox has caused so many problems.  Sorry for all those that lost.
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February 25, 2014, 08:57:41 PM
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Quote from: giantdragon on February 25, 2014, 04:26:54 PM
I remember when Silk Road was closed BTC price plummeted sharply but then restored quickly and started new growth cycle. This time might be the same.
MtGox generated mostly negative news background so damaged Bitcoin reputation, therefore I think now BTC price will be freed from this deterrent factor and can reach new all-time high soon!

Bitcoin will often do the exact opposite of what you think it will do.
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giantdragon (OP)
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February 26, 2014, 01:24:35 AM
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Quote from: Oldminer on February 25, 2014, 08:57:41 PM
Bitcoin will often do the exact opposite of what you think it will do.
Bitcoin price restoring quickly now, therefore seems I was right! Wink
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