Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Why exactly is Bitcoin rallying? Nothing has changed.

Exactly. Nothing *has* changed. In my opinion, all Bitcoin has to do to succeed is not fail.

By what metric? And what do you mean when you say Bitcoin, the Software, the Community or the use as a Payment Infrastructure?
Because I think it ultimately failed on the latter two accounts with The Goxxing. (or if you believe GOX the former one....)

It is still here, still being traded at a decent price and still has growing infrastructure and investment. Gox was an incident but was far from Bitcoin failing.

Indeed the recent news about additional venture capital around 120 million from 21jobs shows that the system is still growing strong
Gox did hurt but it definitely did not kill bitcoin
We have a long way to go yet and it's constantly moving.

Actually i think gox was literally the case of what doesn't kill you makes you stronger. Gox was pretty much THE BTC exchange, and sort of had a monopoly and could (did) even set the price. It was ironic to have one centralized exchange thus one point of failure. And it did fail, BTC price took a hit, but now we're up to what like 5 "major" exchanges, and now no one exchange failure can (stamp Roll Eyes

) can have such catastrophic effect...growing pains

+1, antifragile.