Originally Posted by NEW XTC

Know one knows if it's going to rise indefinitely - but we do know that IF Gox falls it can only slow, not stop, Bitcoin. It's widely believed in the community that a full Gox failure would be a good thing for Bitcoin long term.

What happens if Gox releases 100k BTC and floods the market - they will get snapped up in a heartbeat by people like me waiting for the drop. Will the price plummet for a while..we can only hope.

All this is growing pains of an industry in it's infancy. Poorly run and poorly coded exchanges need to die off so the robust can rise. Exchange leaders with sound financial management backgrounds are coming in to replace slingers, gamers, and those who deal in shady markets.

It's survival of the fittest, and legitest.


As for the Alt Coins - who cares if they gain ground on BTC..thats a good thing - remember we can transfer between coins instantly (in most cases) it's cryptos in general that are here to stay, and they support each other...might a challenger usurp the BTC throne..maybe...no worries...the only way that could happen is if we all started moving our BTC over to the preferred Alt..