Bitcoin Forum

Hypothetically, lets say I spent 15k on gox coins.  Lets say I buy then at an average of 350 (fees etc) which is like 42.8+ coins.
Lets say I wait for the withdrawls to resume and gox shoots back to 900.  Would this be a bad idea because gox just wont allow withdrawls
or would this be do able.

Would it shoot back to a higher price or will gox die :(

Just don't do it, bitcoinsrus. High risk of losing all your money.

what if you took that 15K down to the casino and put it all on red?

At least doing that, you know that if you win, they will definitely pay you out.

If everyone knew the answer.. Price wouldn't be that different from other exchanges ;)

yea, just dont do it.   save those cheap coins for us.   they will drop to $100 anyways

Depends on where your money is now. Don't transfer money into MtGox, but if you already have it there, it is probably a good idea to buy at least some BTC.

Here is the definitive answer to your question:

1) Is that $15,000 enough of your net worth, that loosing it all will cause you distress (financial or emotional)?
A) YES: Don't do it
B) NO: maybe do it

2) if you answered B to question #1, then you must decide if this is the most prudent way to invest your $15,000. Let's say you get those coins at 350, and they shoot up to 900, you now have about $40,000. A net profit of roughly $25,000. Will you then cash out?
A) YES, I will cash out because my goal was to more than double my money
B) NO, my goal was to get cheap coins and hold onto them long term

3) If you answered A to question #2, I woud sooner see you put your money in something long term and much safer than Mt Gox. Take that $15,000, and invest in Index or mutual funds. Wait 10-30 years, and you'll very likely have your $40,000 and then some with much less risk. Sure it isn't as quick or sexy, but it is much more prudent.

4) if you answered B to #2, the go ahead and buy your $15,000 of Mt Gox BTC at 350. Crack open a beer and hope for the best!

I hope this helps your thought process my friend.

-Dr Bitcoin

Oh boy. I agree with MTC. What is the world coming to?

http://www.coindesk.com/mt-gox-users-awaiting-funds-survey-reveals/

Do euro deposits still work? Im inclined to gamble a little bit of money by buying some cheap coins there. Sure there is a risk, but I actually dont believe gox is insolvent and their explanation for disabling bitcoin withdraws is completely believable (and confirmed by bitstamp).

Also, If anyone with funds on gox wants to trade gox codes for bitcoins at around the current gox price, shoot me a pm.

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