It didn't break (wasn't eaten up) just was placed lower. Hey did you notice that BTC is a commodity, according to the Winklewii?: "The Trustâs purpose is to hold bitcoins, which are a digital commodity based on the math-based protocols used by the decentralized, peer-to-peer Bitcoin computer network"
Didn't they just come out with an index for bitcoin or something...I think called the winkdex or something weird like that
heres a copy for everyone to read. http://www.sec.gov/Archives/edgar/data/1579346/000119312514058712/d562329ds1a.htm
Looks like mtgox is finally done!! trading halted, website blank page, gox.com domain sold, joint statement by other exchanges released to reassure confidence ( http://blog.blockchain.info/2014/02/25/joint-statement/ ) Everyone going batshit crazy. Price just hit below $500. Bought 10x more @$495, will be monitoring the prices, will keep buying 10x more for every $100 drop if it ever happens. This one is for the history books, hope mtgox is finally dead and buried.
Not exactly, i sold many casascius coins at ~$2k a pop until paypal banned my account, most of those cost me nothing but an initial $3k investment in mining hardware. Just converting a small percentage of the winnings back into bitcoin at <$500. Bought more at $408, will check again in the morning, wonder if it will hit $300. Strange days... panic panic panic!
BTC-E went down to around 100 a few days ago on that flash crash market sell. But with the gox news I thought it would do that again and I'd get my final fill at 75....not the case, has held up better than I thought. Currently>500 Twitter stream literally filled now with btc hate and I told you so due to mtgox being corzined....lol As if the government 5 million dollar fine and $5000 dollar withdraw limits weren't warning enough to know mtgox was insolvent long ago.
Btc back to $600 higher than pre mtgox. +3k unrealized gain from the btcs bought since last night. Haters will hate
It's funny because there are two groups of hate. the hardcore tech guys who don't understand markets think that the more speculators in btc is bad, when actually that would stabilize price , add liquidity and be good. Then you got the hardcore finance guys who don't understand the tech of bitcoin whatsoever. They think it's just a giant ponzi when in reality the value is in the tech and network.