Topic: Is BTC capable of crashing without gox? (Read 882 times)

those were also back when gox was basicly the only player in town. that is no longer the case.

It definitely can - but removing Gox would go a long way to removing one consistent impetus for recent crashes.

We've already come a long way from last April.  If this kind of event would have happened then, I think the effect on the price would have been much more severe.  This kind of shit from MtGox is pretty much par for the course for anyone who has followed Bitcoin for more than two or three months.

No.
I think Gox crisis will be a nice point for new exchanges to appear and
existing ones to get stronger. I personally go with BTC-e and they just posted
good news:

Dear BTC-e.com participants,

We are concerned by MtGox shutdown and would like to assure you that:

1. MtGox losses do not affect account balances or the operation of BTC-e in any way.

2. We confirm the Bitcoin system operation and its exciting prospects, and MtGox bankruptcy has not been caused by any underlying technical problems of Bitcoin. Bitcoin international peer-to-peer network and cryptocurrency are independent of actions of a single market participant. Bitcoin protocol continues to function exactly as it should. The cryptocurrency maintains its stability and the network will continue to develop and exist as long as required by its users.

3. At BTC-e we are constantly monitoring Bitcoin accounts and FIAT reserves. At BTC-e we continue to maintain all clients’ assets in full – both Bitcoin and FIAT.

4. BTC-e has no vulnerabilities during client transactions as we use safe and proven transaction protocols. All transaction issues reported by our clients undergo a thorough check.


The safety of client funds and transactions is of ultimate importance for the company, and this is the reason why we have been an industry leader for the last three years.

1. BTC-e is at its peak of financial strength with the record levels of clients and capital adequacy. The company plans to start publishing financial statements, verified by an external audit, on a regular basis.

2. The highest levels of security are already in place at BTC-e, and the company regularly uses external professional advice to further increase the security of our clients.

3. BTC-e is the only exchange to offer a modern trading platform, MetaTrader 4, to its clients, and many other exciting projects and further upgrades are in the pipeline.

2011: Gox Hacked & Trading Frozen
2013: Gox Lagged & Trading Frozen
2014: Gox Fucked & Trading Frozen

I admit that the China news caused a depression in the price, from $1000+ to $800-$900. But, in Bitcoin terms, this is hardly a 'crash.' There's been other small blips, like the Silk Road shutdown, but it was pretty obvious these were bear traps from the start.

Question being, can Bitcoin have a legitimate crash without a Goxxing?