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posted by Dopefish on Tuesday February 25 2014, @06:00PM   Printer-friendly
from the that-didn't-end-well dept.
lennier writes "Has Magic the Gathering Online Exchange tapped all its mana? MtGox, the first and best known Bitcoin exchange, has abruptly shut down, and CEO Mark Karpeles has resigned from the Bitcoin Foundation after rumors of ongoing theft related to the transaction malleability issue reported several weeks ago. According to the latest news reports, Bitcoin has hit a three-month low of $465 USD per coin."
 
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  • (Score: 1) by edIII on Tuesday February 25 2014, @10:18PM

    by edIII (791) on Tuesday February 25 2014, @10:18PM (#6976)

    This is actually a time to buy for those who do believe in Bitcoin. If had $465 I would purchase a Bitcoin right now because I am reasonably certain that it will at least maintain its value over the next couple of months and possibly gain just even $40-50.

    All of these issues are mitigated by more exchanges coming on to the market and operating correctly. Diversify across many exchanges and you mitigate your risk.

    I don't have a problem with MtGox going down. It's growing pains.

    --
    Technically, lunchtime is at any moment. It's just a wave function.