Help! Advice on AsicMiner Shares ???

[AquaMan]

Hi, I have never had miner shares before, but im interesting in obtaining some. I want to buy some shares of AsicMiner, doing my own research this sounds like the best option I guess.
 So basically its like a stock yes? Ive traded in the stock market so im familiar with how that works, but I also get paid every week?
 I created an account on bctc.co  - Is this the best place to get shares?   I want to buy soon, thanks.

[1714150271]

1714150271

[1714150271]

1714150271

[1714150271]

1714150271

[AquaMan]

Hi, I have never had miner shares before, but im interesting in obtaining some. I want to buy some shares of AsicMiner, doing my own research this sounds like the best option I guess.
 So basically its like a stock yes? Ive traded in the stock market so im familiar with how that works, but I also get paid every week?
 I created an account on bctc.co  - Is this the best place to get shares?   I want to buy soon, thanks.

by the way, on that site it says AsicminerPT  what does the PT stand for?

[AquaMan]

Hi, I have never had miner shares before, but im interesting in obtaining some. I want to buy some shares of AsicMiner, doing my own research this sounds like the best option I guess.
 So basically its like a stock yes? Ive traded in the stock market so im familiar with how that works, but I also get paid every week?
 I created an account on bctc.co  - Is this the best place to get shares?   I want to buy soon, thanks.

by the way, on that site it says AsicminerPT  what does the PT stand for?

Ok, I figured out it means pass through shares, so how do I buy a Direct Share ?

[tiberiandusk]

You'll have to find someone selling them on here. ASICminer isn't selling direct shares anymore.

[freedomno1]

Dividends are paid weekly
Direct shares can be bought on the auction's thread
But I would recommend buying them from a pass-thru such as havelockinvestments btct or bitfunder
They all offer shares direct shares are usually for bigger purchases
Hope that helped

[jmutch]

Hi, I have never had miner shares before, but im interesting in obtaining some. I want to buy some shares of AsicMiner, doing my own research this sounds like the best option I guess.
 So basically its like a stock yes? Ive traded in the stock market so im familiar with how that works, but I also get paid every week?
 I created an account on bctc.co  - Is this the best place to get shares?   I want to buy soon, thanks.

by the way, on that site it says AsicminerPT  what does the PT stand for?

PT=pass though. On btct.co,  Burnside holds "real" shares for you but gives you all dividends/benefits of those shares to you. There is nothing wrong with buying PT shares. They have some benefits but come with a very slight amount of extra risk.

If you want to buy, right now it doesn't look as though many people are selling actual shares so PT shares may be a good option.

I recommend you do a lot of research, there is plenty of threads with all the info you need. just look around.

https://btct.co/security/ASICMINER-PT#tab6
https://bitcointalk.org/index.php?topic=148350.0
https://bitcointalk.org/index.php?topic=99497.7520

[freedomno1]

Hi, I have never had miner shares before, but im interesting in obtaining some. I want to buy some shares of AsicMiner, doing my own research this sounds like the best option I guess.
 So basically its like a stock yes? Ive traded in the stock market so im familiar with how that works, but I also get paid every week?
 I created an account on bctc.co  - Is this the best place to get shares?   I want to buy soon, thanks.

by the way, on that site it says AsicminerPT  what does the PT stand for?

Ok, I figured out it means pass through shares, so how do I buy a Direct Share ?

BTCT has 2 share classes reread your questions
Direct shares are
https://btct.co/security/ASICMINER-PT
TAT shares are 1/100 shares
https://btct.co/security/TAT.ASICMINER

A strategy is to use your spare dividends to buy 1/100 shares and hold full shares
Also for small investors a full share is a lot more expensive than the pass-thrus
That said holding passthru shares can be cheaper if the price differential between the full shares and the pass-thrus is big enough
Here is a prospectus for the TAT shares
https://bitcointalk.org/index.php?topic=199449.0