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Old 05-27-2011, 07:17 PM   #13
masskillingspree
Scooby Newbie
 
Member#: 176730
Join Date: Apr 2008
Chapter/Region: TXIC
Location: The Land of Sugar
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Some issues I've seen with this whole thing, from my limited research:

1. If you park more than 10k and attempt to make a trade, you will likely move the market by 10% (see bid/ask chart on https://mtgox.com/trade/history)
2. Getting your money out isn't trivial. It's a multi-step process if you want cash.
3. Fees will be over 5% of the transaction.


That said, the currency has risen from USD$0.06/bitcoin to USD$9.00/bitcoin in 9 months, or an increase of 14,900%.
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