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that is a 2.39% return and it does not include other fees such as sending fee (wire transfer fee $40) and reeving fee ($15) and buying fee (commission rate).
Edit:
Example 1: let's say you place $100/BTC order and Bitcoin price goes below $1. You will receive 1 Bitcoin.
Example 2: if Bitcoin prices goes above $100 then you will receive certain percentage on price increase and not full profit. So it is best to invest it yourself.
The 2.39% is the actual return, the OP annualized this rate to assume you would continue to get this rate over a year. Regardless this is likely not a legit investment opportunity (even if you ignore the costs involved). The return is simply too high There is a conversion between btc to usd when you invest, otherwise you don't pay brokerage for maximiser. As far as the credibility goes, Coinarch shows their faces on their website, goes to conferences, and participates in bitcoin panels. https://www.coinarch.com/Info/AboutCoinarchhttps://plus.google.com/113776688557331719084/postshttps://www.facebook.com/coinarch |
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https://www.youtube.com/watch?v=rSv19KNf48MAn example to illustrate Maximiser. Let's suppose the price of bitcoin is at $100. If you invest this $100 in a Maximiser, in 14 days, you will get EITHER > $102.39 USD (that's an annualised return of 85%) or > 1.0447959 BTC ($102.39 / $98 = cash settlement / strike) So which payout do you get? It depends on a predetermined price called, strike. If the final bitcoin price at the end of the 14 days is above the strike, you'll receive USD, otherwise you'll get BTC. The example above uses a strike of $98 You can find out more here: https://www.coinarch.com/Info/MaximiserOverviewBitcoin is awesome! 
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Wow.. good to see more international support.
Yep, I think that's a positive for bitcoin, making it more accessible |
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I have a hope bitcoin will succeed, but with every passing month I see this shining hope dissipate away with unsupported development plans, unknowledgeable trading methods, no creation of demand and more and more coin dumping businesses jumping on board every day. What bitcoin needs is high dollar long term investors, and it can not get those, because it has pressured and concentrated so hard on picking up business to utilize the coin,they did not evaluate the situation before making this decision. Picking up companies like Dell and other large manufactures may seem AWESOME to most people but it in fact hurts Bitcoins value, Dell pays for thier manufacturing products with Fiat, they pay for the labor with Fiat so when a company like dell picks up the use of Bitcoins it does not create a demand but rather give kids who already have bitcoin a way to spend them. then in turn Dell has no choice but to dump them every 2 weeks. That with the mines out there, and you have a huge dumping game. the only thing securing the value of bitcoins right now is the tradable market, without a real demand Bitcoin will go back down to 20 dollars a coin and stay there. Just look at the charts since we got Dell, it lowers in value every 2 weeks, started at over 640 dollars, dropped to 620, then 600 then 580 then 540 then 500 now we are resting securely in the 477 range, next week it will be 460 to 450 and it will continue this decline until 1 of 2 things happens, either we get some high dollar investors, (which is not going to happen) or the developers of Bitcoin get off their ass and make a true demand for their coin, because a currency that has a value based strictly on trading, has no true value at all.
I agree, that is a problem. With paypal opening up the gate, it might put more pressure on the market. Hopefully it'll be short term and more people will jump in to buy and join the bitcoin revolution!  |
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I am very curious of how could distributed work could persist and spread possibly infrastructure overhead across users to where there is a net benefit from the decentralization (for example - web of trust models and frameworks with creators, product checkers, product reviewers, and administrative personnel all virtually outsourced and facilitated in a p2p network based model to where temp workers can gain income from simply doing intraconnected tasks for 6 hours per day {efficiency allows humans to gain the same income from reduced output through increased efficiency}).
Actually, I think it'll work well with already distributed work, e.g. bittorrent. Imagine this: streaming network paid by bitcoin on demand, pay as you go. Basically, instead of paying netflix, you pay the content providers as well as the distributors (peers) bitcoin will just flow through the system. It'll be legal, virus-free, efficient, and super fast. Hopefully, no one will have any incentive to do "normally" bittorrent anymore. |
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The value of a coin can be increased in two ways:
- holding a great quantity of it, causing scarcity;
- make the coin circulate as more as possible;
Gold is held in vaults in great quantity, the dollar is circulating.
If everyone is just holding, bitcoin will not get used in daily life by masses, if circulation is elevated you can cause demand to grow exponentially.
I think circulation is the best way to guarantee a future to Bitcoin and a equal distribution of it.
I like this. Simple and to the point. Thanks for sharing |
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... or the developers of Bitcoin get off their ass and make a true demand for their coin...
protip: 'making a true demand for their coin' is not the responsibility of the developers. The developers are tasked with ensuring that the coin is technically sound. That's a critically important specialization - their attention should be focused upon this alone. You want someone to create demand? Get off your butt and do some proselytizing. Go teach the benefits to a retailer or an investor. I agree with this. A very important factor is that the technology behind bitcoin is solid. If someone finds a way to create bitcoin out of thin air, then we are done. The developers' job is to make sure that day NEVER comes. |
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If this is such great news, then why the drop in BTC price? Granted, the volume is low, so it could mean that people are waiting to decide what to do.. but you would think that there would have been a price spike, but we got the opposite...
It may depend on how they implement the system. If it automatically converts to fiat, then it's not a good news in the short term. For bitcoin to work, everyone needs to accept bitcoin, e.g. You can pay your suppliers with bitcoin, people take bitcoin as a part of their salary. Paypal could very well make or break bitcoin, depending on the public adoption. |
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paypal might be the next bitcoin exchange |
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When Amazon will accept bitcoin we will se a BIG spike in price, this will be the real beginning.
How do you know? We've had quite a few big merchants accepting bitcoin this year and the price didn't budge. In fact, it went down. I hope you're right about amazon though. It probably depends on if people actually uses bitcoin on amazon and how amazon treats the bitcoins after them get them. It's still a pain if you want to buy bitcoins, so Amazon is unlikely to accept bitcoin until that's resolved. This is how I see it play out. awareness -> regulation adoption -> banking adoption -> public adoption -> amazon adoption |
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Because Bitcoin is very interesting project, and I like the fact I dont need middleman to be able to pay with Bitcoins - it mean responsibility to keep my coins safe though (but it is usefull skill for everyone ). keeping the coins safe is actually a pain, to be honest. I think when the banks realize the importance of bitcoin and start to embrace it, we'll deposit bitcoin into the banks. The bank just has to find other ways to make money |
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I guess the title should read 'Amazon accepts Bitcoin?' I suppose you are right. Updated |
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pretty sweet to have Google and Amazon fighting over your company and sold for close to 1 billion in 3 years  Yeah they could have at least kept justin.tv running  , guess it didnt make any money I guess they made the right choice when Twitch's growth exploded. Great pivot. |
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The best way is not to invest anything that you can't afford to loose. That's what I am doing as well, the money I have in bitcoin is the amount that I can afford to lose. But I would love to see the "risk" to go away and potentially have 50/50. Maybe we'll see that in 3 years |
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For me, I believe bitcoin will play a significant part of the financial system in the future. I just don't want to miss the boat. Sure, maybe another 100 times increase is unlikely, but 10 fold is quite possible. It'll be great if bitcoin will be part of the banking system and transferring money will be cheap and hassle-free. Bitcoin can be an universal currency for internet and for travelling. If we have another financial crisis, I wonder how far bitcoin will go. So, I have set aside a fixed amount of money to try to buy bitcoin periodically. I have a limit order a few dollars away from the market price and I wait for bitfinex to send me a fill email then I'll place another order. What other strategies do you use and why do you buy bitcoin? Do you want to grow bitcoins and believe in its potential or are you just trading it to make a quick killing? Update: Maximiser is part of my strategy to accumulate bitcoin when I don't want to guess the direction of the market. http://www.coindesk.com/coinarch-brings-investment-banking-products-bitcoin/ |
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