Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
Jozzaboy
on 04/06/2013, 19:06:30 UTC
And it's closure had nothing to do with affiliation to the notorious Liberty reserve and ability to withdraw funds from the same? All the same, these are centralised enterprises. Bitcoin is run from private computers, the people, all over the world.
Of course, but you can't ignore the effect exchanges currently have on bitcoin.

Well, sure but this is mostly FUD saturated, nervous speculators which affect the price so much. I still have all my Bitcoins, a good 10% of my net-worth and not planning to sell them during these growing pains of the currency. This new attention is likely the apparent threat to the USD that cryptocurrency represents.

Once all the negative news tails off, I fully expect a breakout in price and volume transition to whichever exchanges or 'trading station's that are left. Seriously though, if the US gov was going to shutdown MTGox, they would of done it already. Everyone just needs to chillout and enjoy the gravy train.
Why did they wait 2 years to shut down liberty reserve? It takes time to build a case.

Works for me then, 2 years is a lifetime for Bitcoin. Bitstamp, CampBX or not even created exchange will be out by then and will have significant market volume. If there is a mass-adoption of the Bitcoin protocol worldwide then it will find a way, it is what Bitcoin was designed for.