ASICMINER fixed price auction 2.5BTC/share, 2000 shares

[MikkisJ]

Sorry Jutarul,

My minimum purchase is 4000 shares 

You can easily get 4000 shares total with three private deals at 2.45-2.5 right now.

I believe that was sarcasm.  I feel as if a story is unfolding out of the novel "Reminiscenses of a Stock Operator".  The first bitcoin stock "bubble".  A "bubble" within a "bubble".  We're making history.

The OP is selling 2000, there is another 1000 here, there was more when I wrote the message. There were another 400 on BF when I wrote the message.

So, at the time I wrote the message one could get around 3500 with three deals. Not so much far off 4000.

[houseofchill]

I meant josh4580 was being sarcastic.

[josh4580]

Yes,

First I have to find the $1.25 million laying around somewhere. 

[Jutarul]

Daily Update

1700 shares available.
220 shares in reservation.
80 shares paid.

[houseofchill]

Would you be willing to open this up to smaller minimum size bids?

[Jutarul]

Would you be willing to open this up to smaller minimum size bids?

Yes. Initially I didn't want to compete with the small size auctions. But I think a minimum of 40 shares (100BTC) has a similar effect and keeps the number of buyers low (max. of 50).

I am thus extending this offer to include minimum purchases of 40 shares. I drop the "increment" rule, i.e. the requirement for multiples of the minimum purchase, since I am accepting down payments (minimum 100 BTC) and not following up on the down payment would be a way to "circumvent" that rule anyway.

Since I was asked this: Unfortunately I won't negotiate the price. This is a take-it-or-leave-it offer.

Also, to handle the payment I will prepare a signed message which contains the trade details and the payment address.

[Jutarul]

Daily Update

1700 shares available.
140 shares in reservation.
160 shares paid.

[Transisto]

Sorry, but how is this an auction ?

[KarmaShark]

Sorry, but how is this an auction ?

It is a fixed price auction, as stated in the title. The fixed price is 2.5 BTC/share. These type of auctions are generally for sellers that know what they want and would like to get deals moving (and wrapped up).

[Nightowlace]

Just out of curiosity what is the "return" per "share" currently?

[Nightowlace]

Just out of curiosity what is the "return" per "share" currently?

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

[Pierre]

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

40% per year is actually a pretty amazing ROI.

[Nightowlace]

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

[Nightowlace]

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

*and that includes taking a hefty profit for myself.

[Pierre]

I don't know how you do it but renovating a house is WORK!

[CMMPro]

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

*and that includes taking a hefty profit for myself.

I think you are looking for the "Slumlord forums" next door...maybe they are more interested in the amazing opportunities in the US housing market. 

Mining stocks benefit from three sources of appreciation....the stock value is held in units of bitcoin which is increasing in value (in the long term), the stock price is appreciating every time Friedcat does something even more brilliant, and you get paid in dividends every week. 

If you just looked at it alone from the dividend aspect we are making as someone mentioned >40% income per year.
(In a currency that is also appreciating.)




 

[Jutarul]

Daily Update

1700 shares available.
100 shares in reservation.
200 shares paid.

On ROI:
In stock terms it's expressed as a P/E ratio. Before you go ahead and criticize the ROI, have a look around and try to find another opportunity like that. Also, these are shares which are promised to not get diluted (https://bitcointalk.org/index.php?topic=99497.msg1692732#msg1692732).

[Eric Muyser]

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

1) That's not the world of Bitcoin, that's the world of fiat and the crashed US housing market.
2) Renovating is a more work than buying ASICMINER.
3) Renovating is a lot more work than buying ASICMINER.
4) That's not the world of Bitcoin.
5) No.

[Eric Muyser]

Mining stocks benefit from three sources of appreciation....the stock value is held in units of bitcoin which is increasing in value (in the long term), the stock price is appreciating every time Friedcat does something even more brilliant, and you get paid in dividends every week. 

If you just looked at it alone from the dividend aspect we are making as someone mentioned >40% income per year.
(In a currency that is also appreciating.)

TRUTH.

[Nightowlace]

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

*and that includes taking a hefty profit for myself.

I think you are looking for the "Slumlord forums" next door...maybe they are more interested in the amazing opportunities in the US housing market. 

Mining stocks benefit from three sources of appreciation....the stock value is held in units of bitcoin which is increasing in value (in the long term), the stock price is appreciating every time Friedcat does something even more brilliant, and you get paid in dividends every week. 

If you just looked at it alone from the dividend aspect we are making as someone mentioned >40% income per year.
(In a currency that is also appreciating.)




 

First of all you can go fuck yourself for referring to me as a slum lord. I take pride and care into what I do and take a house that has been destroyed by previous owners who defaulted on their loans for whatever reason. I do not judge them nor do I pass judgement on anyone I don't know personally.

As for it being a lot of work it is a great deal of work but it is also something I enjoy and take pride in. It's a great feeling taking a home that most people are afraid to step foot in and renovating it into something beautiful and desirable again.

The 40% ROI is great in many different aspects of investing but in Bitcoin it holds a serious risk. Their are so many factors in Bitcoin such as the economy of Bitcoin, government interference, general adoption etc. that for me 2 1/2 years is to long to "wait and see". If I am going to invest in a BTC opportunity I would like to see a 6-8 month turn around. This limits the risk substantially and any investor will tell you risking an investment in something as volatile as Bitcoin get your money in and out as quickly as possible and use our profits to go long.