It's already started http://betabeat.com/2013/05/departm...huts-down-dwolla-payments-to-and-from-mt-gox/ Might be a buying opportunity for those with funds in the right place.
hmm official mt gox press release suggests this may be something else entirely. price is rebounding...
Plenty of speculation. Essentially DHS has seized the funds in Mt Gox's Dwolla account - which is a payment service provider (i.e. a PayPal competitor), preventing Mt Gox from transferring USD to anyone.
the price dropped quite sharply and there were a lot of sells from about 115 to 105, I'm surprised the price has held so well..
No, - I don't think so, this news first broke while the US was still awake so they had time to react. If anything it will encourage more BTC buying (and hoarding) I think, once again it's fiat dollars being threatened.
http://arstechnica.com/tech-policy/...he-search-warrant-that-seized-mt-gox-account/ more information, looks like DHS is actually going after mt gox
Let's hope another decent exchange springs up asap then - Mt Gox is terrible anyway (glad I don't have any AUD or BTC left in there). Pretty sure the Bitcoin 2013 conference is on very soon, might be some kind of announcement then...
Personally I think most people are past the point of thinking no Mt Gox equals chaos. BTC is going to do just fine, with or without Mt Gox. I lose no sleep holding BTC at around $110.
I took a large plate off the table at $247 AUD. I just hold a small plate now, and it's not as a speculative investment - it's as a core long term holding.
Initial investments taken out. Almost ready to take out dollars to cover mining costs. Rest will just be left for speculation purposes, have a little fun.
