Topic: Transferring 25k into Gox to buy at current prices - page 4. (Read 6112 times)
Incomprehensibly idiotic so please send me your money instead brother. At least there is a good chance it will be used towards a good cause.
I would say no, but there could be a reasonable exception if you have contacts in Japan and are familiar with their liquidation practices. They are going to have some bitcoin whatever happens. The trick would be to make sure you are first in line to get some should they fail.
All signs point to gox being incompetent or fraudulent. Or both. Not a good place to have your money.
Not insolvent though. Seems like a good place to make a quick buck if you can get some money in there before the price corrects. Obviously you'd withdraw your BTC as soon as they allow it.
But what are you going to do if BTC on Bitstamp crashes below 200$ before your money arrives and Gox is still above 300$???
All signs point to gox being incompetent or fraudulent. Or both. Not a good place to have your money.
Not insolvent though. Seems like a good place to make a quick buck if you can get some money in there before the price corrects. Obviously you'd withdraw your BTC as soon as they allow it.
I say worth the risk. If Gox comes back then we will see $900 on gox minutes/hrs later.
Yes but the USD are then trapped in MTGox, which is why I suggested the CFD route.
$300 BTC is mighty appealing............................................ hmmmmmmm
Your greed might be not good in that gox case.
also hire a hitman, just in case 
I say worth the risk. If Gox comes back then we will see $900 on gox minutes/hrs later.
I would rather open an account with either AvaTrade or Plus500 and go long on the GoxBTC/GoxUSD currency pair. There is a good chance that this trade can be profitable, and one can then get the USD out and trade then for BTC at market through an exchange that is working.
This should be considered a very high risk speculative investment when compared to simply holding BTC. There is an even much higher risk in my opinion with depositing either USD or BTC into MTGox, at this time, with a potentially a much lower return.
Edit: This trade idea will not work for US persons.
This should be considered a very high risk speculative investment when compared to simply holding BTC. There is an even much higher risk in my opinion with depositing either USD or BTC into MTGox, at this time, with a potentially a much lower return.
Edit: This trade idea will not work for US persons.
All signs point to gox being incompetent or fraudulent. Or both. Not a good place to have your money.
I think it's fine to do this with a small percentage of your total investment in btc. Think of gox IOUs as a stock in the virtual currency space. You wouldn't go all in on just gox IOUs right?
Uggg, it's the roach motel of exchanges. Your money checks in but nothing checks out. LOL
$300 BTC is mighty appealing............................................ hmmmmmmm
Just today a friend of mine who's not into bitcoin saw a graph with the Gox price and decided to get involved.
His first question was what is the quickest way to get money into MtGox and which currency should he use on MtGox.
Of course I told him to stay away from MtGox.
But if you think you know what you're doing, then suit yourself.
$300 BTC is mighty appealing............................................ hmmmmmmm
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