I cashed out all my bitcoins/litecoins just before the Gox shit. It wasn't a ton, I think around $800 worth but it was some nice off the books money from the wife.
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I did have a co-worker out in the Portland area though that was a super early adopter and he cashed out about 150 bitcoins when they were at ~$400 a piece. He was legitimately afraid to spend it, afraid he'd get sent to prison for tax evasion or something. He ended up getting like a $5000 gift card to a bunch of different restaurants, newegg, amazon, etc in an effort to launder the money.
All the mining rigs ruined any sort of serious profitability in coins. That and just about any new cryptocurrency is pre-mined to shit by people just trying to make a quick buck. I stopped even bothering with it about 3 years ago.
12-10-2015, 08:26 AM
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