It's a pity your post isn't at the top of the thread. It is sound advice.
I find it fascinating that there are (apparently) people in this thread who lost $500k at MtGox and despite the loss would still have no problem paying $250k in taxes on it if they were required to do so.
I would hope if you're making that kind of money you'd either have a sound sense of financial risk management, or the wisdom to hire somebody who does to manage it on your behalf.
Of course, it's easy to criticise with the benefit of hindsight.
My comment below highlights the clawback risk for those that were successful at pulling money out. If this turns out to be a Ponzi scheme there is a real chance that people who profited and were able to get their USD out may actually be forced to forfeit all of their profits depending on the jurisdiction.
I'm not sure I've heard any claims that would point towards MtGox being a Ponzi scheme. It was a straight forward exchange, not an investment with returns of any sort, let alone those derived from later investors.
The allegations are generally much more straight forward, either some sort of incompetence in the form of transaction malleability, or some sort of malfeasance (pilfering the bank for operating costs, outright theft of the funds). Ponzi schemes these are not.
I find it fascinating that people take at face value the words of a throwaway account who is quite likely making the whole thing up, given that you'd want wealth of 100m to just shrug off 250k like that. (Based on the fact that someone worth 100k can just about shrug off 250 like its nothing).
They claim to be a miner. If I made (say) 1m, then lost 250k of it (due to risks which I was aware of when I started playing the game), I'd still be pretty happy.
I think they are just chalking it up to a cost of doing business.
If they lost 250k which they'd made from a different source, they'd be more upset. As no doubt may people are right now.
I'm not sure if it's rational. But ... that's the way people often respond.
Given that most miners have been operating at a loss (after power, space, hardware, etc) for quite some time, I'd also take that statement with a pinch of salt.
Dude, I'm poor has hell and I'm not crying about the €30k I lost there. And those 30k are several multiples of what I got left with. Not everybody commits suicide for losing money, you know...
I find it fascinating that there are (apparently) people in this thread who lost $500k at MtGox and despite the loss would still have no problem paying $250k in taxes on it if they were required to do so.
I would hope if you're making that kind of money you'd either have a sound sense of financial risk management, or the wisdom to hire somebody who does to manage it on your behalf.
Of course, it's easy to criticise with the benefit of hindsight.