Top 5 Things People Are Saying About Bitcoin This Week!

1. "Mt. Gox may have become the biggest business to collapse within the Bitcoin economy when it declared bankruptcy last week after a massive theft of its coins. But it won’t be the last."-Andy Greenberg
Article: Another Bitcoin Startup Tanks After $600,000 Theft

2. “In Bitcoin, nobody is too big to fail. But overall by weeding out the bad actors, Bitcoin will become stronger. It’s all part of the maturity of this industry. The people who can’t keep up with the industry or are not prepared… will eventually get kicked out.”-Eric Spano
Article: Price Of Bitcoin Recovers Monday As The Market Matures - Expert

3. "I wouldn't be surprised if it's not around in 10 or 20 years."-Warren Buffet
Article: Warren Buffet reveals he is no fan of Bitcoin

4. "Imagine if Gmail were to close down. Would we say, 'The end of email has arrived'? Of course not.

People are mixing up a private company with an entire industry. Mt. Gox for example, began as a platform for trading Magic: The Gathering cards, [and] a few short years later they are holding hundreds of millions of dollars in customers' money and became the number one [Bitcoin] exchange. Did they become the number one exchange because they were the best? No, [it's] because they were the first.

This is a common trend when it comes to new innovations. The weak, poorly managed companies that reached the top will go down and the properly managed companies will battle each other for the number one position. So while it's tragic this is occurring and so many people lost money with them, it is also important to note this is a key time for Bitcoin and other cryptocurrencies where the consumer stands to win when the exchanges begin to compete with one another."-Brett Stapper
Article: All Those Bitcoin Exchanges Closing Won't Doom The Entire Industry

5. "In 2012, $478 billion in remittances, money transfers across borders, occurred globally. Not only is it hard to imagine Bitcoin failing to play a role in the market, it’s hard to imagine Bitcoin failing to gain a dominant position in it."-Mark Rogowsky
Article: You Don't Need A Nobel Prize To Be Wrong About Bitcoin, But It Helps