It's not foolish if you can afford to have your money in limbo for weeks or months at a time. Could definitely be worth it.
It's not foolish and it's not very complicated to understand why. There is a way to goet money uot of gox fast. You have to have an account at a japanese bank (which can be complicated to achieve for a foreigner) and send funds from gox to that bank. Then you just wire the money at the bank to anywhere you want.
There are few who have this set up and perhaps they are making millions. Nothing foolish about that.
"Holiday" arrangements to Tokyo, check!
What people seem to assume is that Mt Gox's back story has any credence at all: even if they did start out as a genuine Magic the Gathering trading site that just so happened to end up as the biggest cryptocurrency exchange out there, the credibility of that transformation is missing a key step in the narrative. At some point, a very big fish in Japanese power broking got involved, they could not have got such a web platform (16 major currencies?) to where it is and continue it without that kind of cooperation. I'd be
very concerned about Japanese regulatory investigations into Gox's business, but there have been precisely zero such forays, not even a hint. Whoever their backer is, they're significant members of the global political food chain. They're not letting their massive gamble of a venture go down in a hurry, or without a fight. I wonder exactly what sort of turbulence this outfit has really caused behind closed doors up until now.
Anyone who really believes this is just the natural evolution of a gaming card website is excruciatingly naive. It's not going away in the short term.
