Quote from: dooglus on February 28, 2013, 04:04:35 AM

Quote from: tvbcof on February 28, 2013, 02:32:03 AM

I'll be even more happy when I re-claim my initial investment. I've always expected to do that at around $100/BTC (if ever) but may do it sooner.

I'm confused. What's the situation that means that even with the prices at the highest they've ever been, you're still not in profit?

MtGox have your BTC and won't let you withdraw them with proof of id? If not, can't you withdraw them and sell them privately?

Or are you just saying that you started with $X, now have $Y worth of BTC, where Y >> X, but you don't consider if a real profit until you have at least $X back in 'real money'?

I don't really want/need a profit, but if I had no net fiat in and was sitting on a pile of BTC that would be ideal. I continue to have attachment to my BTC and wish to retain a large percentage of them to see what comes down the pike.

Mt. Gox has 3 or 4 BTC I sent them but I've never done any trading on that platform. It's futile to send more because they very well could old them hostage until I provide identification details which I do not trust them with. And they certainly would require such data if I wished to trade and receive fiat.

Now, if Mt. Gox moves to 'the land of the free and the home of the brave', I'll probably entrust my identification data to them, but this is largely because at that point they will be having important customers who will be enforcing industry standard data accountability. Or ideally, just completely outsourcing transaction authorizations to government bodies. This works for me as a non-criminal who intends to pay my taxes.