Quote:
Originally Posted by edgeprod
Speculators, doing the same thing many of us did: putting money into Mtgox in case we can get some very undervalued BTC out. Saying it's some sort of wizardly financial move is a stretch -- we're speculating at best. I'm comfortable taking a complete loss, if it comes to that.
Shit-tons of money transact on the roulette wheels every day, too .. they don't have some secret knowledge the rest of us don't.
My conflict with what you're saying is that so few people here know much of anything about crypto currency, when you position this company as anything other than the Titanic after hitting an iceberg, you're likely to influence some loony-toon to put money they don't have to lose into an unsound investment. Maybe it works out, maybe it doesn't, but trading on another exchange gets you real coins that you can work with now ... with entirely the same upside picture if BTC does half of what many expect it to.
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haha wizardly...nice. Can't argue with anything you said, and in all likelihood Gox is the Titanic - but they can't just take the money and run after the ship goes down, we can see they have the lifeboats.
My argument here certainly is not that throwing money at Gox is a good investment - just that this issue is not black and white that they are DEAD as the OP suggests..lot's of grey area still.