What if I buy a bitcoin from MTGOX?

[induktor]

I took a punt with BTC2.2. If I lose that then at current prices it's less than a day's work in fiat. If it goes up massively and I can't withdraw, then I'm screwed. If I can withdraw - at all, but better if it goes up - then I win. Just like an options contract but without the security of a contract. A gamble, but there it is.

Less than a day work in FIAT???  man I want your job!!!!, what do you do?, I make 3 BTC a month working as a freelance IT, and a lot of my friends will kill to have my kind of income, where do you live to earn so much money in one day!, I wouldn't make 2 BTC a day even if I grow and sell pot in my basement hehe.

[bitlancr]

2.2 Goxcoin is about $250 - a good income, but not massive...

[induktor]

2.2 Goxcoin is about $250 - a good income, but not massive...

Oh, you are talking about the scamgoxbtc? not the real BTC right?, I thought you where talking about REAL btc , where 2.2 will mean 1188 U$D a day, that's a lot of beer!!!

[staffnsnake]

I took a punt with BTC2.2. If I lose that then at current prices it's less than a day's work in fiat. If it goes up massively and I can't withdraw, then I'm screwed. If I can withdraw - at all, but better if it goes up - then I win. Just like an options contract but without the security of a contract. A gamble, but there it is.

Less than a day work in FIAT???  man I want your job!!!!, what do you do?, I make 3 BTC a month working as a freelance IT, and a lot of my friends will kill to have my kind of income, where do you live to earn so much money in one day!, I wouldn't make 2 BTC a day even if I grow and sell pot in my basement hehe.

It's a good deal less than many of my colleagues. I put people to sleep, usually with endless rants about crypto-currency, but sometimes with (legal) drugs. Then when the surgeon has finished butchering them, I wake them up.

Anyway, when Mt Gox imploded the other day I raced back to bitcoinbuilder and sold my Gox BTC at a third of what I paid for them, so now I have a bit over BTC0.7 to show for my oh-so-clever credit default swap. No such thing as a free lunch and all that. Who knows, maybe they will resume withdrawals, but I don't know where Mark Karpeles is going to find the missing BTC750000 to fund them, even if he has been buying up at low prices on his own exchange.

Lesson learned.

[staffnsnake]

2.2 Goxcoin is about $250 - a good income, but not massive...

Oh, you are talking about the scamgoxbtc? not the real BTC right?, I thought you where talking about REAL btc , where 2.2 will mean 1188 U$D a day, that's a lot of beer!!!

I was. I invested BTC2.2 (real) and "made" over 6.2 Gox BTC which, as can be seen in my post above, I subsequently lost in the crash and then converted to BTC0.7 (real) when I sold the Gox BTC in an effort to stem the haemorrhage.