Quote:
Originally Posted by kmarei
right now I have mined about 9 bitcoins
I am not down
the price is down now, but that doesn't mean I have lost
I wasn't in this for short term profit
keep in mind when the Chinese banned bitcoin
the price went down, and it recovered
when the Russians did the same
it went down and it recovered
the price right now on coinbase is $588
so it has recovered, again
mtgox was a rip off when I first started getting into bitcoin
I was buying bitcoins for $600 when they were selling them at $800
made no sense to me then, nor now
if you read up on mtgox, they are currently down
but the bitcoins that were stored there are safe
so its simply a matter of the site reorganizing and they will be back in business
not sure why you are so against crypto-currencies
maybe you are scared of what you don't understand?
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I'm not anti crypto. Go back and read my posts. I just like more solid investments. Seeing as you said it would cost $5k to get a miner you appear to be just breaking even. As opposed to the example floating around of investing the 5k into Google at November prices $1035 you would be up a little over $1,000.
I welcome a digital currency one that can be used worldwide. I think if bitcoin is going to be that one, it has a lot of hurdles still.