Bitcoin Exchange closes (MtGox)

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    Last post ago almost 3 years by cheetahwind
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          blueday

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            Big "banking" news - MtGox halts all transactions after a loophole is found.

            You can read the full story on the BBC News website HERE.

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            Lootva

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            I hear of it and feel happy that I don't have a single coin in my purse
            I was wondering if I should start mining, but when you cross-reference the hardware needed and your electric bill, I really don't think it that the ROI is good enough, at least for us, regular people
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            cheetahwind

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            lol I have a few bit coins, but there weren't in Mt Gox
            I have mine stored in Coinbase.  Then again really I've actually thought about storing them in my actual cell phone since I just got a new one a few weeks ago.  That way if Coinbase does a backflip I have my coins safely stored.
            On either note, I'm really going to guess after the US crack down, and the hackers.  That put Mt Gox into a real bad situation.
            But yeah I bought a few Bit Coins with coinbase about a year ago.  The initial value was $50 for the coin that I had bought.  Now it's worth a nice tidy sum of $390.  I've thought about cashing it in. Especially after reading this, yet the gambler in me wants to hold onto it for a while longer, or make it my rainy day fund.  I suppose we'll see were those goes after a while.
            I have trust in my wallet, which like I said is coinbase, yet some of these foreign exchanges are taking a huge hit.

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