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Re: I Lost Everything From Mt.Gox's Bankruptcy
by
Akka
on 04/03/2014, 15:03:23 UTC
Sorry to here that, but I honestly can't understand how someone can invest everything they have into something experimental like Bitcoin.

Have you heard "Never Invest what you can't afford to loose" before? There is a reason why many Bitcoiners said that.


I kept most of my Bitcoins in Mt.Gox, hoping to sell them off at a high price and then buy them again at a low price, buy low, sell high.

So trading is a zero sum game. You are aware that for everyone who wins at trading, there is someone who looses. You used your entire savings for trading, where you can loose all.

Besides that. Do you have experience in trading. Do you know what you are doing or did you just trade, cause it's so "simple"? In that case you basically gambled with your savings.

Next there was this wonderful ne currency given to you. One where you don't have to trust anyone else and the first thing you do is just trust it all to some company. (That's something I really can't understand. Why, why store you coins on an exchange, goes for everyone who didn't gamble, er trade there)

Sorry, if you story is true at all, it seems to me like you went all in without having any clue what you where doing. If not for Gox you would probably lost you money somewhere else anyway, maybe the next casino.