might send a massive wire to gox tomorrow. it's hard to resist! fiat on gox though *shudder* this could go SO wrong.
I am 5 digits USD on Gox and stuffing all i can on BTC since yesterday.
This is the best buying chance we will see in years.
Makes sense to me. Either Gox is insolvent and you lose (almost) all. Or they get their act together and you'll get very cheap coins.
I wouldn't risk it, but once you're knee-deep in GoxBux you might as well try to make the most of it.
There's a GoxCoins/BTC exchange going on now, valuing them at roughly 0.7 each. If sold on Bitstamp, that'd be $635 per BTC as of now, so an effective GoxCoin value of $444.50.
The Gox price is ~$315 as of this post.
So it makes *absolutely* no sense to be holding GoxBux ATM, you can make over 50% on your USD instantly.
It does make sense if Gox is not bust and next week we see 900, that's way more than your 50%.
Also it is a money I can afford to lose, I mined and bought a good amount of coins in the beginning of 2011, all there is on exchanges is pure profit now.
It is a good bet on my view.
If Gox returns to $900 it still makes no sense to be holding GoxBux, since they'll be worth LESS than dollar parity at that point instead of 50% more.
There is a reasonable argument for holding GoxCoins, though.
What I want to know is: where the hell are all the GoxBux coming from? Considering it's been making no sense to hold them for a while now, there should be no one selling to drive the BTC price down.