Bitcoin Exchange, Is mt. gox still a viable way to make money?

[Robo]

So a long time ago there was a bit of buzz on the forums around bitcoins, that peer-to-peer currency thing that isn't backed by anything.

The market seems to have stabilized for the most part, though I'm no market guru, so I can't say for sure. I was thinking about putting $10 in there or something and
seeing if I could get some money if the price rose. It's about 4.95 bitcoins per dollar or something right now on mt. gox.

anybody have any experience with bitcoins that could tell me whether to do this or wait for the price to go down again?

[Ad Bot]

[zookuw]

The price only seems to go up.

[rockslide26]

The price only seems to go up.

So if I invested some money into bitcoins, there's a good chance I'll only profit?

[Robo]

http://bitcoincharts.com/markets/mtgoxUSD_trades.html

I'm looking at this chart right now, and it looks to me (assuming I'm not reading it wrong) that the price has been going down and may just start going up in the near future. but I don't have any experience with these things, so I may be horribly wrong

Edit: looks like it hit a spike since yesterday, it was going for 4.8, now it's 4.9, but it might just be a spike, the market seems to correct itself if I look into the past, not sure.

Edit2: nvm, not really a spike, thought it was 4.6, actually 4.8

[zookuw]

So if I invested some money into bitcoins, there's a good chance I'll only profit?

Don't test your money on anything I say is good I have terrible luck.
Go ask Bisjac he seems lucky being rich and all.

[Robo]

Bump (Second Page)

[Hiok1998]

I have no idea I will try it now and report back.

[Khepri]

No. You're really late to the party on this one, man.

[Robo]

No. You're really late to the party on this one, man.

That's what I thought, I just wanted to make sure before giving up entirely.