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Title: Investing your bitcoins Post by: frankendoodle on February 13, 2012, 03:08:04 AM Hey everyone :) I've been saving up bitcoins over the past few months and I'm wondering if anyone has any recommendations on how to invest them. I'm trying to study up on my options in order to avoid unnecessary losses.
Thank you all in advance, I'm very interested in hearing how you've put your BTC to good use. Title: Re: Investing your bitcoins Post by: finway on February 13, 2012, 04:28:02 AM GLBSE.com
Title: Re: Investing your bitcoins Post by: boxbox10 on February 13, 2012, 06:31:46 AM i prefer trading them at mtgox.
Title: Re: Investing your bitcoins Post by: payb.tc on February 13, 2012, 06:34:30 AM depends on your personality... i think a great investment would be paying a skilled and efficient web developer to help expand your empire.
Title: Re: Investing your bitcoins Post by: Miner612 on February 13, 2012, 09:01:59 AM um, watch the market and sell them when it goes up? lol what kind of question is this
Title: Re: Investing your bitcoins Post by: SaintFlow on February 13, 2012, 09:04:21 AM GLBSE.com +1 this unfortunaltely its a bit tricky to inform yourself properly about the companys Title: Re: Investing your bitcoins Post by: deroyale on February 13, 2012, 09:31:43 PM Buy low - sell high...
;) Seriously though - take a look at bitcoinica.com Title: Re: Investing your bitcoins Post by: aseldon on February 16, 2012, 03:08:49 AM Bitcoinica.com seems to be the best bet at this point. However, I have had BTC in there for 2 days and have yet to get any interest payments. :-[
Title: Re: Investing your bitcoins Post by: BIGMERVE on February 16, 2012, 03:41:35 AM Bitcoinica.com seems to be the best bet at this point. However, I have had BTC in there for 2 days and have yet to get any interest payments. :-[ I thought you only got intrest from storing USD$ not Bitcoins.Title: Re: Investing your bitcoins Post by: aseldon on February 16, 2012, 03:52:49 AM Right now there is a 0.49% APY listed for BTC. I know its not much but it should still pay something unless I am confused
Title: Re: Investing your bitcoins Post by: deroyale on February 19, 2012, 01:38:38 AM Bitcoinica.com seems to be the best bet at this point. However, I have had BTC in there for 2 days and have yet to get any interest payments. :-[ Right now there is a 0.49% APY listed for BTC. I know its not much but it should still pay something unless I am confused APY = Annual Percentage Yield Annual being the KEYWORD in this case... Patience is a virtue. (At least that's what I've heard.) I believe the draw to bitcoinica is the ability to leverage through margin and also - maybe MORE importantly - the ability to offset loss (if you're a miner) via hedging - like farmers do with futures contracts. We just have to hope bitcoinica doesn't pull an 'MF Global' on us. ;) Title: Re: Investing your bitcoins Post by: LouReed on February 19, 2012, 04:04:07 AM Isn't just buying them an investment in itself? You buy low, and hope they go up, and sell when they do. At least that's my plan.
Title: Re: Investing your bitcoins Post by: the joint on February 19, 2012, 04:10:08 AM Lately I've been taking a % of my mined BTC and using it to buy silver and gold whenever I can find deals at spot price.
My advice would be to take at least a handful of your BTC and hold onto them for the long haul. The nice thing about Bitcoin is that if it ever goes mainstream, virtually every person on this entire forum will be loooooooooaded. But, to make this happen, spend some BTC on the things you usually buy if you can find them at about the same price. Spending BTC in the Bitcoin economy could be thought of as an indirect investment. Title: Re: Investing your bitcoins Post by: Glasswalker on February 19, 2012, 04:34:01 AM Keep you're eyes peeled, there will be a new venture announced in this forum, and in the services forum, which will be trading publicly on GLBSE.com
If you're looking for an investment opportunity it will be a good one. (to be announced publicly within the next 24h) ;) Title: Re: Investing your bitcoins Post by: xevious on February 20, 2012, 12:37:38 AM This sounds dumb - but since I'm not dealing with any large sums of coins, I've mostly been investing mine in Magic the Gathering cards. Thanks, ABU Games!
The game is still going strong after around 20 years, and I'm finding a ton of the cards I had ten years ago have practically quintupled in value. Worst case, I've got some shiny pieces of cardboard to play around with that I can sell off for a new PC in a few years. Title: Re: Investing your bitcoins Post by: Nefario on February 20, 2012, 12:50:39 AM i prefer trading them at mtgox. That's not investing, thats speculating. GLBSE was mentioned, version 2.0 is going to be coming out next week. |