Cara Navarre (OP)
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August 19, 2012, 04:35:53 AM |
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My right to purchase would be active for a week after December 1st, 2013. The seller of the Bitcoins would be obligated to sell them to me if I choose to buy them.
How much would this contract cost?
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smoothie
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LEALANA Bitcoin Grim Reaper
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August 19, 2012, 04:37:51 AM |
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How would anyone ensure that you won't flake out on the purchase?
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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Cara Navarre (OP)
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August 19, 2012, 04:39:16 AM |
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How would anyone ensure that you won't flake out on the purchase?
I have the right to purchase, the option to purchase. This is an options contract. The seller only has an obligation to sell if I choose to buy. That's why I am willing to pay money for this contract to be made. I have to ensure the seller of the Bitcoins will sell when and if I purchase.
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Bitcoin Oz
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August 19, 2012, 04:41:50 AM |
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I think you would need a 25% deposit with an escrow.
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Cara Navarre (OP)
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August 19, 2012, 04:42:41 AM |
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I think you would need a 25% deposit with an escrow.
No, no, I don't. Not with this options contract. The seller of the Bitcoins may need to do so to ensure I can execute my right to purchase. With this options contract, I have no obligation to purchase. The seller has an obligation to sell if its called for. What I have to do is pay a fee upfront for this contract to be made.
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fcmatt
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August 19, 2012, 04:46:17 AM |
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No problem. Wire me 30k and i will make it happen. Contract plus a bar of chocolate.
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Cara Navarre (OP)
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August 19, 2012, 04:47:30 AM |
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No problem. Wire me 30k and i will make it happen. Contract plus a bar of chocolate.
30k in Bitcoins or US Dollars?
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OgNasty
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Leading Crypto Sports Betting & Casino Platform
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August 19, 2012, 04:49:54 AM |
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I'll do it for $27,500.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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teek
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August 19, 2012, 04:50:37 AM |
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$24,900 ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Cara Navarre (OP)
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August 19, 2012, 04:52:45 AM |
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Unless there are more offers, I will report these bids to my client.
Thank you!
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joshbb
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August 19, 2012, 04:57:58 AM |
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You do realize the price to buy 2100 bitcoin RIGHT NOW on mtgox is $22,787.77 (plus mtgox fee). You would then have the bitcoins guaranteed available to you to buy December 1st, 2013, as you would be the counter-party to your own contract.
If I were you, I probably wouldn't pass on any bids higher than $23,000 to your client, at the risk of looking silly to him/her.
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Cara Navarre (OP)
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August 19, 2012, 05:02:35 AM |
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You do realize the price to buy 2100 bitcoin RIGHT NOW on mtgox is $22,787.77 (plus mtgox fee). You would then have the bitcoins guaranteed available to you to buy December 1st, 2013, as you would be the counter-party to your own contract.
If I were you, I probably wouldn't pass on any bids higher than $23,000 to your client, at the risk of looking silly to him/her.
Right. I am just being professional. I am disappointed in these bids because it shows that people are not confident in the long-term market. Either that or it shows that the price is going to be much higher in 2013.
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Vladimir
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August 19, 2012, 05:11:13 AM |
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This is very simple call option contract. The only problem with such a contract is counter party risk. Ignoring that the contract should not even be too expensive.
Basically OP wants to buy a right (but not obligation) to buy 2100 BTC at any time during week commencing December 1st, 2013 for 100$ per 1 BTC. It is european style call option. I would not mind to sell american style call too, this can be exercised at any time, before or on expiration date.
Without doing any calculations just looking at the chart I would guess that the fair price is somewhere around 4 000$.
I would sell such call. But I would not do any any escrows. Maybe if needed I would prove ownership of the amount and place it in a separate cold wallet under my control. I would be happy to sign a written contract on this in my personal name.
(Selling calls and puts was always my favourite option strategy).
P.S. Actually I would even deliver to call buyer an encrypted wallet at the time of call sale. The password would be delivered when option is exercised. See how cool bitcoin is?
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Littleshop
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August 19, 2012, 05:15:10 AM |
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This is very simple call option contract. The only problem with such a contract is counter party risk. Ignoring that the contract should not even be too expensive.
Basically OP wants to buy a right (but not obligation) to buy 2100 BTC at any time during week commencing December 1st, 2013 i.e. for 100£ per 1 BTC. It is european style call option. I would not mind to sell american style call too, this can be exercised at any time, before or on expiration date.
Without doing any calculations just looking at the chart I would guess that the fair price is somewhere around 4 000$.
I would sell such call. But I would not do any any escrows. Maybe if needed I would prove ownership of the amount and place it in a separate cold wallet under my control. I would be happy to sign a written contract on this in my personal name.
(Selling calls and puts was always my favourite option strategy).
I was gonna offer to do it for $5000 but if you are willing to do it for $4000 I would not compete with that.
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Cara Navarre (OP)
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August 19, 2012, 05:17:43 AM |
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This is very simple call option contract. The only problem with such a contract is counter party risk. Ignoring that the contract should not even be too expensive.
Basically OP wants to buy a right (but not obligation) to buy 2100 BTC at any time during week commencing December 1st, 2013 i.e. for 100£ per 1 BTC. It is european style call option. I would not mind to sell american style call too, this can be exercised at any time, before or on expiration date.
Without doing any calculations just looking at the chart I would guess that the fair price is somewhere around 4 000$.
I would sell such call. But I would not do any any escrows. Maybe if needed I would prove ownership of the amount and place it in a separate cold wallet under my control. I would be happy to sign a written contract on this in my personal name.
(Selling calls and puts was always my favourite option strategy).
If my client is ready, we'll be in touch. Thank you.
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Vladimir
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August 19, 2012, 05:21:05 AM |
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I've corrected a mistake in my post. Exercise price should be not 100£ but 100$ (USD) as in your subject line.
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Le Happy Merchant
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August 19, 2012, 05:54:07 AM |
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You do realize the price to buy 2100 bitcoin RIGHT NOW on mtgox is $22,787.77 (plus mtgox fee). You would then have the bitcoins guaranteed available to you to buy December 1st, 2013, as you would be the counter-party to your own contract.
If I were you, I probably wouldn't pass on any bids higher than $23,000 to your client, at the risk of looking silly to him/her.
Right. I am just being professional. I am disappointed in these bids because it shows that people are not confident in the long-term market. Either that or it shows that the price is going to be much higher in 2013. Your offer is asinine, "I have the right to buy, but I don't have to" I know this type of shit goes well with stocks, but this is the wild west of finance, put your money where your mouth is, or fuck off. Plus, even if I felt like dealing with you, I could only ever lose money because you would only buy if the price exceeds $100/btc.
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Cara Navarre (OP)
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August 19, 2012, 05:56:33 AM |
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You do realize the price to buy 2100 bitcoin RIGHT NOW on mtgox is $22,787.77 (plus mtgox fee). You would then have the bitcoins guaranteed available to you to buy December 1st, 2013, as you would be the counter-party to your own contract.
If I were you, I probably wouldn't pass on any bids higher than $23,000 to your client, at the risk of looking silly to him/her.
Right. I am just being professional. I am disappointed in these bids because it shows that people are not confident in the long-term market. Either that or it shows that the price is going to be much higher in 2013. Your offer is asinine, "I have the right to buy, but I don't have to" I know this type of shit goes well with stocks, but this is the wild west of finance, put your money where your mouth is, or fuck off. Plus, even if I felt like dealing with you, I could only ever lose money because you would only buy if the price exceeds $100/btc. If you don't think I am going to buy and want an easy $4000, this contract is for you.
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Tomatocage
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brb keeping up with the Kardashians
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August 19, 2012, 05:56:40 AM |
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You do realize the price to buy 2100 bitcoin RIGHT NOW on mtgox is $22,787.77 (plus mtgox fee). You would then have the bitcoins guaranteed available to you to buy December 1st, 2013, as you would be the counter-party to your own contract.
If I were you, I probably wouldn't pass on any bids higher than $23,000 to your client, at the risk of looking silly to him/her.
Right. I am just being professional. I am disappointed in these bids because it shows that people are not confident in the long-term market. Either that or it shows that the price is going to be much higher in 2013. Your offer is asinine, "I have the right to buy, but I don't have to" I know this type of shit goes well with stocks, but this is the wild west of finance, put your money where your mouth is, or fuck off. Plus, even if I felt like dealing with you, I could only ever lose money because you would only buy if the price exceeds $100/btc. ^ I like this guy.
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Vladimir
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 19, 2012, 05:57:06 AM |
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You do realize the price to buy 2100 bitcoin RIGHT NOW on mtgox is $22,787.77 (plus mtgox fee). You would then have the bitcoins guaranteed available to you to buy December 1st, 2013, as you would be the counter-party to your own contract.
If I were you, I probably wouldn't pass on any bids higher than $23,000 to your client, at the risk of looking silly to him/her.
Right. I am just being professional. I am disappointed in these bids because it shows that people are not confident in the long-term market. Either that or it shows that the price is going to be much higher in 2013. Your offer is asinine, "I have the right to buy, but I don't have to" I know this type of shit goes well with stocks, but this is the wild west of finance, put your money where your mouth is, or fuck off. Plus, even if I felt like dealing with you, I could only ever lose money because you would only buy if the price exceeds $100/btc. Nice one, quoted for posterity. Le Happy Merchant, you really need to have a chat with pirate, you might like his wares more. (it's a joke btw)
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