Friday, February 28, 2014

Bitcoins's Mt.Gox files for Bankruptcy

This is bad news for Bitcoin backers and great news for Bitcoin bashers. Still it is too early to predict how the wind is going to blow regarding its adoption. It has to garner enough credibility to stay alogside the Green Back with a historical difference of over 200 years.

You can get a quick feeling for what Bitcoin is about at the link on USA Today.

Watch the Reuter's Video on this site.
http://www.usatoday.com/story/money/markets/2014/02/28/bitcoin-mt-gox-collapse-japan/5891841/

I was thinking of buying bitcoins from Mt. Gox back in November 2013 and the transaction did not take place. The service charge was not cheap either, there was over 4000 Yen each way.

 

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