I bought my btc with fiat at gox and now I have bitcoins, is there any downside to just keeping my bitcoins on their site? I'm planning to hold for the long run, so i could see the potential downsides to not moving them to a personal wallet, what I don't know if one of those potential downsides is a complete loss of all "btc's" as accounted in my mtgox account.
I have 2fa.
The reason I ask is I see lots of people stating "everyone is getting their money/btc out of gox" But I'm not, so I'm either doing something stupid by just leaving them there, or I'm not as paranoid as the rest of people, and feel safe with mt.gox.
Anybody care to enlighten me?
I would say MtGox is probably safer than having coins an Vircurex site at least but less safe than having coins at other mayor exchanges like BTC-E and Bitstamp and such.
MtGox is probably insolvent at the moment, they don't have access(as the usgov has temporary stolen USD from them, but sooner or later MtGox will most likely get there funds back) to the amount of BTC and USD(and other currency's) that people have on there site, so if everyone were to withdraw all there BTC and fiat at the same time from MtGox they can't pay all people, but MtGox wil probably make the USD/BTC back in time on fees.
I suggest you get a wallet you control that you have on your own computer and encrypt it and make backups of it and store your coins there until you want to use them in the future.
