Hi guys,
I am new to this game and have read what must be the last 100 pages of this thread and most of it has sailed right over my head. I like to think that I have some modicum of intelligence but can't for the life of me figure out what has been going on?
What I can say from my point of view as a relative newcomer to this (started mining alt-coins mid Nov and traded to BTC around 3 weeks ago) is that all this uncertainty in the bitcoin protocol can't be a good thing for its future.
It feels like the Wild West with a lot of volatility and people getting shafted left,right and center with a few people doing very well.
Now I know that the concept is great being decentralised and allowing the market to ebb and flow completely freely ( or not in the mtgox scenario) but it would seem that there may need to be some form of regulation to protect investors lest they are all scared shitless!
I have been re-investing my fiat into more mining gear and have a modest 5 BTC which I have been holding on to in the belief that in the future I will recoup my costs at least and might even make a small profit.
I have to say though that my resolve has been severely shaken.
Here's hoping things will improve in the future.