Is Gox to be blamed?

[WillyBTC]

Gox is just a blip on the radar. Can't go from $0-$1200 (or $5000 or $50,000) in a straight line, ya know.

[picolo]

Gox is just a blip on the radar. Can't go from $0-$1200 (or $5000 or $50,000) in a straight line, ya know.

It will go to 5000$ then back to 800$ then up again...

[Sugarape]

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down 👇.
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

We can blame gox for the initial crash but we can't keep blaming them forever. We need to move away from trying to place blame all the time as maybe this is just what happens to bitcoin. There hasn't really been any logic as to why the price has continued to fall ever since and there's no gox to blame for that.