Topic: is this the end? (Read 2443 times)

touching 600$ now! 

Not too much though. I think I was a bit too greedy expecting it to fall under $400 last night. I've only bought about half the bitcoins I intended to buy during this dip, and it would really suck if it never went below $500 again.

The price is going up steadily in the past 24 hours. I thought it was supposed to go down.

While reading this post I can see that our community was divided into 2 parts - pessimists and optimist. Looks like bitcoin is at bifurcation point - nobody knows where it is going to move

Going back up.....now $528.00 on the major one

Bitcoin only dead if no one use bitcoin anymore

WARNING THE SKY IS FALLING.

Statement by Bitstamp regarding Mt Gox insolvency

Bitcoin Is Still Working and Still Has a Bright Future

The worldwide peer-to-peer payment system and crypto-currency known as Bitcoin is not dependant on any one actor. The Bitcoin protocol continues to work exactly as designed. Bitcoin remains strong despite the failure of any one exchange and will continue to grow and thrive as long people desire that it do so.

Losses Limited to Balances at MtGox

It is important to underscore that the known losses of fiat currency and Bitcoin are limited to those balances that were in MtGox’s care. The MtGox exchange can best explain how this happened.

Bitstamp Customers are Safe and Our Business is Solvent

We at Bitstamp have conducted a thorough audit of our bitcoin accounts, as well as the fiat currency reserves we maintain in the bank. Bitstamp maintains all of its customers’ bitcoin and cash deposits and nothing is amiss.

Bitstamp is Not Subject to the Transaction Malleability Vulnerability

Bitstamp uses a different protocol to handle problems in closing out its transactions and is not vulnerable to the “transactional malleability” issue that was apparently exploited at Mt. Gox. Additionally, we manually double-check every transactional problem encountered by our customers.

Bitstamp’s Future

We are taking steps to provide Bitstamp’s customers with the utmost confidence in our operations:

1. Bitstamp is financially stronger than ever. We have the most customers, and the most solid capital base, than we have ever had.
2. Bitstamp has retained the best available security and compliance advisors to assist us in protecting our clients.
3. Bitstamp prides itself on industry-leading compliance with its AML and KYC procedures.
4. Bitstamp is now performing quarterly financial audits and will post our financial reports on our web site.

Press inquiries please contact:
[email protected]

"...be fearful when others are greedy and greedy only when others are fearful."
Warren Buffet

In other words: Be greedy now! 

Mt Gox is dead but Bitcoin won't die over one exchange calm down!

this just started!!

Yes this is the end, bitcoin price will reach 0. Please proceed to uninstall all your bitcoin software and delete all your wallets.

Note: this post is sarcastic. I am joking. I am not serious.

Why would this be the end?

Decemberists and afterwards, thank your lucky stars you get an opportunity to get in cheap. =D

The good ship 'opportunity' just pulled into harbor.  Toot toot!

It definitely is, send all your coins to me before you owe someone money for holding them.

People often forget good things someone has done  , Mtgox is one of the reason bitcoin is here in the first place.
Don't blame everything bad that happen to bitcoin on them.

Yes , it's the end. Just like it was in 2011 , 2012 , 2013 and it will be again in 2015 and 2016.

Every end is a new beginning. MTgox out of the game. But there are many players right now.

Gox was causing more damage "alive" than now when it's officialy dead. Get over it.

no, mtgox dead would cause people to fear of btc..

I love the biblical reference.

To quote somebody, it is more like the end of the beginning

Mt Gox dead is good news, Bitcoin won't die over one exchange, hold your horses

430$ and going down!

Calm down, this is a bumpy ride but BTC isn't dead.

Obviously, but with all the knowledge people have gained in cryptocurrencies, we can now apply that to legitimate fiat businesses, except maybe Erik Voorhees, who I guess will just live on a plantation growing bananas which he trades for precious metals and stores in his underground SWAT-proof bunker.

1 exchange company (which was already in huge troubles) going bankrupt is going to kill the entire currency? was bitcoin so weak?

Yes, this is the end. Because MtGox is dead, which has been confidently predicted by both bears and bulls for years, we're all going back to cash without even a glance back, lest we be turned to a pillar of salt.

will bitcoin die off? is this the end or a new, more secure beginning?