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She doesn't get it bitcoin will never reach 0 there will always be people buying and selling bitcoin just as there's customers for even the crappiest websites.
by Fuxy 13y ago
She doesn't get it bitcoin will never reach 0 there will always be people buying and selling bitcoin just as there's customers for even the crappiest websites.
Not to mention it's already reached critical mass which means it will never go away and the advantages outweigh the risks.
Now will this hurt bitcoin? Yes. Is this a good thing in the long run? Definitely.
It's always a bad thing when 70% of all speculation is done on one platform and that platform closes down.
I'm somewhat glad mtgox was allowed to fail that juts proves that the awful too big to fail mentality of the US did not corrupt the bitcoin marketplace.
This is a good thing in the long run even if it's going to hurt like hell in the short run.
- NateDad 13y agoMt Gox was like the #3 exchange, not number 1 for some time, and definitely not 70%. They'd been having problems for a long long time, which is why a lost of people didn't want to go there anymore. They had name recognition, but it was nearly impossible to get cash out.
- Fuxy 13y agoThat's what I've been reading in the media anyway and i couldn't be bothered to check the numbers. I tried using them once and they were asking to many unnecessary questions so i just went elsewhere.