It is not outside the realm of possibilities that this could perhaps be an inside job with the Mt. Gox higher-ups playing the market and their customers - a real criminal act. Also, whether legit or not (many people feel it is), a leaked Crisis Strategy Draft has been posted on Scribd. Lets just say that if it is real, its not going to make any new fans. Because of this debacle, the price of BTC has taken a pretty hard nose dive from in the $800 USD range when I stepped into things to the $500 USD range over the last week. It even dipped into the $400's a few days ago.
The biggest and most obvious reason is that I simply never accrued that much BTC to begin with. Before I exchanged my coin out, for what I will explain later, I had only piled up about 6-7% of a Bitcoin (based on the market value at the time). The change in the market only meant a loss or gain of cents, maybe a dollar or two at the most, to me.
Before I go any further I just want to link to my previous post Internal Warfare & Feed Your Accounts: Cryptocurrency for anyone with questions on what Bitcoin is, how the system works and how people mine for it.
With new coins coming out at what seems to be every week, it can be a hassle to figure out which one to mine for the best profit. This is where TradeMyBit differs from other pools. They run a multi-pool setup - they automatically switch between coins, trying to ensure that the contributors are always getting the best kickback for their processing power. Since I already have a full-time job and this can easily become another one, I wanted things to be as automated as possible. Another benefit of this pool is the fact that they will exchange all of the different coins you mine into BTC for a small fee (what I do). You can choose not to do the auto-exchange and join up with an exchange like Cryptsy and sell them there. I used to do this to try and "play the market" but it wound up just eating too much of my time.
And there you have it folks! Please post any questions in the comments section and good luck!
*Note: mining can be very strenuous on your computer. Attempt at your own risk.