sam (OP)
Newbie
Offline
Activity: 4
Merit: 0
|
|
June 10, 2011, 02:38:06 PM Last edit: June 10, 2011, 08:08:36 PM by sam |
|
|
|
|
|
padrino
Legendary
Offline
Activity: 1428
Merit: 1000
https://www.bitworks.io
|
|
June 10, 2011, 02:43:18 PM |
|
Nothing like tabloid worthy headlines Definitely undergoing a price adjustment, I expect in part because the media drove a number of people to "check it out" however the uses for it are limited right now and as people settle in reality hits a little more.
|
|
|
|
hugolp
Legendary
Offline
Activity: 1148
Merit: 1001
Radix-The Decentralized Finance Protocol
|
|
June 10, 2011, 02:46:04 PM |
|
I hope it goes down more.
|
|
|
|
Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
|
|
June 10, 2011, 02:46:50 PM |
|
Don't be trampled by the herd, this is the time to buy!
|
|
|
|
bitoption
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 10, 2011, 03:03:15 PM |
|
YOu can always buy options to hedge out your risk. We just launched trading at bitoption.org for btc options..
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
|
June 10, 2011, 03:24:38 PM |
|
I wish there was an enforceable way to rent out my bitcoins to short-sellers. it would be nice to get the short term cash flow in addition to the long term appreciation.
|
insert coin here: Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
|
|
|
kiwiasian
|
|
June 10, 2011, 03:42:29 PM |
|
I hope it goes down more.
Lol?
|
|
|
|
CNMOH
Member
Offline
Activity: 266
Merit: 10
|
|
June 10, 2011, 03:56:26 PM |
|
It'll go up again.
|
|
|
|
lemonginger
Full Member
Offline
Activity: 210
Merit: 100
firstbits: 121vnq
|
|
June 10, 2011, 03:59:39 PM |
|
I don't particularly care whether it goes up or down, I just hope it gets less volatile. Expect that will still take a long while though.
Volatility makes it really difficult to transition from speculation based economy to exchange based economy
|
|
|
|
gigitrix
|
|
June 10, 2011, 04:04:40 PM |
|
All caps much? It's called a correction: if you ever look at the market history it always shoots up, corrects slightly and then continues with organic growth. Nothing alarming in the slightest, just a product of a comparitively small market.
Keeps things exciting, eh?
|
|
|
|
bitoption
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 10, 2011, 04:15:33 PM |
|
Billyjoeallen you can do this with options, easily.
What scenarios are wanting to make cash on?
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
|
June 10, 2011, 04:20:36 PM |
|
Billyjoeallen you can do this with options, easily.
What scenarios are wanting to make cash on?
The scenario is simple: I want to lend out my BTC with interest for whatever reason just as long as I get repaid. MTGOX doesn't have options capability yet. No other exchange has enough volume.
|
insert coin here: Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
|
|
|
bitoption
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 10, 2011, 04:41:51 PM |
|
We'll have good volume on bitoptions in the next week or two; why not throw out some high bids?
I just 'lent' BTC out at a rate of 72% annually if prices stay below $45 for the next 45 days. If they don't, I'll get $45 per BTC.
I did have to wait 24 hours, but I bet the buyer would have bought more, as they bought all five from me.
To do this trade, just bid on calls at a comfortable strike price, and a dollar price that gets you what you want to see. Not hard.
|
|
|
|
AntiVigilante
Member
Offline
Activity: 98
Merit: 10
|
|
June 10, 2011, 05:06:55 PM |
|
I wish there was an enforceable way to rent out my bitcoins to short-sellers. it would be nice to get the short term cash flow in addition to the long term appreciation.
I offer loans. I am adding a trust metric soon. For small amounts, I'm ready to play. I can show you how.
|
|
|
|
kiba
Legendary
Offline
Activity: 980
Merit: 1020
|
|
June 10, 2011, 05:13:11 PM |
|
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
|
June 10, 2011, 05:23:36 PM |
|
We'll have good volume on bitoptions in the next week or two; why not throw out some high bids?
I just 'lent' BTC out at a rate of 72% annually if prices stay below $45 for the next 45 days. If they don't, I'll get $45 per BTC.
I did have to wait 24 hours, but I bet the buyer would have bought more, as they bought all five from me.
To do this trade, just bid on calls at a comfortable strike price, and a dollar price that gets you what you want to see. Not hard.
I don't quite understand. It sounds like you are either guaranteed to make 72% profit OR the difference between $45 and whatever your purchase price was. If that's true, then the only risks are your exchange folding up and taking my BTC with it, OR the potential lost opportunity to profit of even more if the price goes up to >$45. is this right?
|
insert coin here: Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
|
|
|
bitoption
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 10, 2011, 05:24:54 PM |
|
You're correct in the case of selling a covered call, which is what I did.
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
|
June 10, 2011, 05:47:11 PM |
|
You're correct in the case of selling a covered call, which is what I did.
This seems too good to be true. Why don't you just borrow money on your credit cards at 21%, buy bitcoins, lend them out and get a guaranteed 72%? Why didn't you have more than 5 BTC to lend?
|
insert coin here: Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
|
|
|
clickbangdone
Newbie
Offline
Activity: 14
Merit: 0
|
|
June 10, 2011, 06:02:51 PM |
|
You're correct in the case of selling a covered call, which is what I did.
This seems too good to be true. Why don't you just borrow money on your credit cards at 21%, buy bitcoins, lend them out and get a guaranteed 72%? It's not a guaranteed 72% unless bitcoins are worth what you paid for them before the option expires. I wish someone would starting writing puts come on pumpers put your money where your mouth is
|
|
|
|
d.james
Sr. Member
Offline
Activity: 280
Merit: 250
Firstbits: 12pqwk
|
|
June 10, 2011, 06:13:06 PM |
|
woooot i can afford to get some coins now, time to buy
|
You can not roll a BitCoin, but you can rollback some. Roll me back: 1NxMkvbYn8o7kKCWPsnWR4FDvH7L9TJqGG
|
|
|
|