It doesn't take a lot of money to trade and profit off of price swings. I've doubled my original "investment" of a hundred bucks by trading manually and with a bot....could have been more, but I don't keep positions in btc for long (typically a day to a week at most) to minimize my risk/exposure to volitility.
The key though, is to only risk what you can afford to lose...if mtgox ran off with my money tommorrow, it would suck, but not impact my life at all, as I consider the money "lost" anyways.
Topic: Do you keep your Bitcoins on an exchange? - page 2. (Read 3431 times)
I have a fairly insignificant amount of usd/btc (couple hundred bucks) at any given time on an exchange...I don't leave anything on the exchanges (or in btc for that matter) that I'm not prepared to lose. Given all the hacks and volitility, its a bad idea to approach btc any other way.
However if you want to take advantage of price swings you must 
I have a fairly insignificant amount of usd/btc (couple hundred bucks) at any given time on an exchange...I don't leave anything on the exchanges (or in btc for that matter) that I'm not prepared to lose. Given all the hacks and volitility, its a bad idea to approach btc any other way.
I do keep a not insignificant amount of both cash and coins on several exchanges, thought not in an amount large enough that it would be disruptive to my business and/or my way of life if any of the exchanges were to disappear. I did remove ALL funds Intersango recently in anticipation of that exchange going down in the wake of Bitcoinica.
"the exchange"?? There's more than one.
Best bet is to spread them around. I have some offline. Some encrypted in various hiding places online. At least a handful in every exchange. Some on GLBSE. Spread your risk and diversify.
Best bet is to spread them around. I have some offline. Some encrypted in various hiding places online. At least a handful in every exchange. Some on GLBSE. Spread your risk and diversify.
Same here
Do you?
If so, let me be the first to tell you that you're in for some paperwork and frozen funds.
If so, let me be the first to tell you that you're in for some paperwork and frozen funds.
I do keep coins on various exchanges - about as many as I need. Never had problems of any kind. I keep money in the bank, too. I use credit cards, too. Once I had my credit card cancelled without prior warning or post-mortem notification. They thought they noticed "suspicious activity" and killed the card.
Seems like you are complaining about Gox. They are transparent about how they do business, and comply with government regulations. If you don't like it, don't go there, and don't waste everybody's time here bitching about it. You have a plenty of non-regulated, free, anarchic choices available to exchange your coins. Good luck.
never keeping in exchanges more than something like 0.00xxxx i like to have all money in my online of offline wallet, the same with fiat money, i dont like to leave it in bank...
i like to have all money in my online of offline wallet, the same with fiat money, i dont like to leave it in bank... 
i keep coin and cash on the exchange, but just enough to do some trading.
"the exchange"?? There's more than one.
Best bet is to spread them around. I have some offline. Some encrypted in various hiding places online. At least a handful in every exchange. Some on GLBSE. Spread your risk and diversify.
I only keep money I am trading with on exchanges. The rest is lying on USB falsh disk.
Already gone through the paperwork with gox. I did not know why at first, but then I realized that I am running tor middle node on same server as I use as proxy to browse the web while I'm at work.
Already gone through the paperwork with gox. I did not know why at first, but then I realized that I am running tor middle node on same server as I use as proxy to browse the web while I'm at work.
I used to keep all of my coins there, until about a month or so ago. Back when the whole Bitcoinica/Gox thing was going down with Zhong, I was one who lost his. So needless to say, I have gone back to a regular wallet. I have gotten a Yubikey now for added security at Gox, but after that last instance, Ill keep my coins and money out of there unless I am doing something with them right away.
And with services like Bitinstant around, I dont see me really having much of a reason to use Gox, or any other exchange for that matter.
And with services like Bitinstant around, I dont see me really having much of a reason to use Gox, or any other exchange for that matter.
i keep coin and cash on the exchange, but just enough to do some trading.
a very small amount. I do not use an exchange such as Mt Gox as my WALLET if you are asking.
Of course if you start using Dwolla, a VPN, Tor, sending funds to another account in another name/country/[Insert your choice] that is not yours... or LOT of reasons can trigger you to be verified.
Good to see that Dwolla and Tor are on the same level. 
Do you?
If so, let me be the first to tell you that you're in for some paperwork and frozen funds.
If so, let me be the first to tell you that you're in for some paperwork and frozen funds.
Here we go again... This is your 2nd thread on that matter, and good lord if we have AML/KYC procedures if for a REASON and not just simply because we though it was fun to annoy people! And YEP you can withdraw funds without being AML/KYC or a Verified/Trusted Mt.Gox member, a HUGE chunk of our customers are not verified!
Of course if you start using Dwolla, a VPN, Tor, sending funds to another account in another name/country/[Insert your choice] that is not yours... or LOT of reasons can trigger you to be verified.
do elaborate.....
I'm sure you have some fascinating insights
I'm sure you have some fascinating insights
Do you?
If so, let me be the first to tell you that you're in for some paperwork and frozen funds.
If so, let me be the first to tell you that you're in for some paperwork and frozen funds.
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