Bitcoin Forum

Hello i am new around here. I've got some bitcoins, primarily to learn how stuff work. The question is what to do with a few bitcoins. I am not interested in buying something, i mean goods. Should i just watch closely the exchange rates, and make micro-exchanges with other people to gain some profit? Should i pick some shares from promising mining operations on glbse.com? Should i invest my few bitcoins in a Savings and Trust - like business ? (although having few bitcoins doesnt allow me to join the famous BST pirateat40's risky business)

play with your coins!

Send them to me

Please remember that day-trading is negative-sum; that is, excluding the exchange, on average people lose.

I recommend buying raffle tickets.  ;D

Dividing them out on GLBSE shares would do the trick. Try throwing the bulk of it in a reputable mining operation for safe returns, and probably invest a small part in BST just for the lulz.  ;)

Just don't lost it in those gambilng sites.
I've spent several hours testing the real probability
and those places cheat like crazy!

Micro exchanges sounds fun.



This was a 'spam' post to get my count up so I can post my one and only single contribution to this site in a thread for BFL orders.

I think I have 5 already, so this is just fluff.

Definitely a good thing to do.

Mining is still the most reliable BTC investment.

How few is few? I recommend a PPT.

Take a look at some of the great depositing opportunities from 1% to 6.9% weekly.

Buy some weed on Silk Road.

As has been suggested, I'd go investing on the GLBSE...but be careful!  ;)

thanks for the answers. What's "deep savings" and "PPT"? examples?

He means save them for a couple of years as they should be more valuable then due to deflation


PPT means Pirate Pass Thru. A user on the forum "pirateat40" has a savings scheme which pays 7% per week interest, however, you need to have a large number of Bitcoins to participate. You can however, join a PPT, which allows you to put money in an account someone has with pirate. BitcoinMax (run by user Payb.tc) pays 6.9%. There are other PPT that are partially insured against a default by pirateat40 as well.

Possible to donate to charity ? if its only a few ?

You could donate them to the original "Alpaca Socks for Bitcoin" folks.  (aka me)

I just updated our site to automate the ordering process (instead of requiring emails back and forth).  It's still a bit clunky, but it gets the job done and will allow us to improve our responsiveness to customers. 

http://www.grasshillalpacas.com/alpacaproductsforbitcoinoffer.html (http://www.grasshillalpacas.com/alpacaproductsforbitcoinoffer.html)

Instead of advertising my own sites (none of which I have) I'll suggest either putting it in a security or something similar (BitcoinMax pays a straight 6.9% a week which is nice) or if you're feeling more brave, investing in LTC, which seem to be steadily rising in price.

Or you could give them to me since Intersango have had £100 of my money since the27th and no CLEAR idea from them when/if I'll get my cash/BTC :(

Ouch

Nice pic btw :-*

Save them for better times.

not interested in donations or charities, but thank you all.

Invest you coins in mining more coins

At least from what I've seen, you need thousands of dollars in capital to even hope to profit from mining within a few months.

The way it's starting to rise in value i'd hold on to them for a little bit.

https://bitcointalk.org/index.php?topic=137.0 (https://bitcointalk.org/index.php?topic=137.0)

Order as many pizzas as you can.

I just invested my first complete bitcoin in Hashkings lending. Now i can gain 1.9% weekly and hopefully the value keeps rising. Can't beat that if you want to be lazy.

for example you can play lotto at www.btclottery.net ;)

If bitcoins are considered a currency, I'm not sure this is true, as the system isn't a closed one. Some people will daytrade while others will exchange only in one direction (compared to trading dividendless shares, where the only thing you can do after buying a share is sell it back). Everyone may win, and everyone may lose (except the exchanges, which always win).

If the one-direction traders are included, it is definitely negative-sum. The speculators can only win if the one-direction traders lose.

Why? Let's assume I have € and I want to buy something in $ because it is cheaper (quite a common scenario, when hardware vendors tend to sell something at $99.99 in the US and 99.99€ in Europe, when 1€ = $1.3), even when I include the currency exchange fees.

In the end, I may be very happy and have made a good deal by having exchanged my € for $, while the person doing the reverse transaction may be happy because he made a good deal in selling his $ for € at a better rate than in bought the $ initially. This is a win-win, both for me and for the speculator.

Why is that so? Because the hardware vendor is not included in the loop, he does not explicitely use an exchange. He will use the $ to pay his employees in the US, and the € to pay his employees in Europe. He may convert some $ to € or some € to $, but that would be small fraction of what he earns.

Okay, so I guess I failed to include the relative utility of different currencies to different people. In that case, trading may not be negative sum. So effectively, one is trading currency at a premium because one currency is worth more to him than others.

In that case, you're right: trading is not necessarily negative-sum.

Well and that will solve itself soon enough as EUR will be at parity with USD or even below (already 1€ = $1.2 seems more accurate)