BoxControl
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June 14, 2014, 05:47:25 AM |
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New idea. Deposit $200,000 into US auction of confiscated SR coins. Get as many as you can and hold for dear life! *or diversify ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M. 550 * 3,000 = 1,650,000
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boumalo
Legendary
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Activity: 1918
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June 14, 2014, 09:05:04 AM |
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My .02 BTC is that you should invest in an ATM network.
BTC ATMs can command relatively high margins when buying/selling BTC to users. If everything is setup properly, as long as the exchange does not go under you should be able to make money off of each TX assuming that your exchange does not go under.
BTC ATMs require a large initial capital investment (over 5 figures) and can have high regularity costs/risks. If you have enough to invest then you can potentially reach an economy of scale.
It is very costly to get all the approvals and it's very complicated "Required Registration Items: A manually signed pdf copy of the Bidder Registration Form A copy of a Government-issued photo ID for the Bidder (or Control Person(s) of Bidder) $200,000 USD deposit sent by wire transfer originating from a bank located within the United States (please provide receipt of transfer) You must deliver the Required Registration Items by email to USMSBitcoins@usdoj.gov."
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nwfella
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Merit: 1000
Well hello there!
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June 14, 2014, 05:35:37 PM |
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New idea. Deposit $200,000 into US auction of confiscated SR coins. Get as many as you can and hold for dear life! *or diversify ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M. 550 * 3,000 = 1,650,000 Heck, in that case, with the direction bitcoin price is currently heading he just might be able to purchase two of them. Obviously that would wipe out any sort of diversification of his investment, much riskier but potentially that much more lucrative.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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boumalo
Legendary
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Activity: 1918
Merit: 1018
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June 14, 2014, 10:13:09 PM |
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New idea. Deposit $200,000 into US auction of confiscated SR coins. Get as many as you can and hold for dear life! *or diversify ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M. 550 * 3,000 = 1,650,000 Heck, in that case, with the direction bitcoin price is currently heading he just might be able to purchase two of them. Obviously that would wipe out any sort of diversification of his investment, much riskier but potentially that much more lucrative. Having bitcoins secured properly is probably the least risky investment you can make in Bitcoin
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ShakyhandsBTCer
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
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Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 15, 2014, 08:36:36 PM |
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New idea. Deposit $200,000 into US auction of confiscated SR coins. Get as many as you can and hold for dear life! *or diversify ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M. 550 * 3,000 = 1,650,000 Heck, in that case, with the direction bitcoin price is currently heading he just might be able to purchase two of them. Obviously that would wipe out any sort of diversification of his investment, much riskier but potentially that much more lucrative. The terms of the auction is that you must say the maximum price that you are willing to pay and how many you are willing to buy. If he wanted two then he could say he will buy 2 @ 1.5mm each. If he wanted to be sure to get one he could say he would buy 1 @ $1.65mm (and 1 @ 1.35mm if he wanted a chance to get a 2nd one)
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boumalo
Legendary
Offline
Activity: 1918
Merit: 1018
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 15, 2014, 10:35:11 PM |
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New idea. Deposit $200,000 into US auction of confiscated SR coins. Get as many as you can and hold for dear life! *or diversify ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M. 550 * 3,000 = 1,650,000 Heck, in that case, with the direction bitcoin price is currently heading he just might be able to purchase two of them. Obviously that would wipe out any sort of diversification of his investment, much riskier but potentially that much more lucrative. The terms of the auction is that you must say the maximum price that you are willing to pay and how many you are willing to buy. If he wanted two then he could say he will buy 2 @ 1.5mm each. If he wanted to be sure to get one he could say he would buy 1 @ $1.65mm (and 1 @ 1.35mm if he wanted a chance to get a 2nd one) For the lazy ones : "This auction is for 9 blocks of 3,000 bitcoins (“Series A Blocks”) and 1 block of 2,656.51306529 bitcoins (“Series B Block”)." "1. The eligible bidder who offers the highest price will be the prevailing bidder; 2. If there are multiple bids at the highest price, the first bid received will prevail; and 3. If fewer than all of the Series A blocks are sold to the highest bidder, the remaining blocks will be sold to the successive highest bidders until all blocks are sold." It closes June 30 but we won't have the winners&price immediately, does someone know if the final auction price will be public?
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ShakyhandsBTCer
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
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Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 16, 2014, 03:24:49 AM |
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New idea. Deposit $200,000 into US auction of confiscated SR coins. Get as many as you can and hold for dear life! *or diversify ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M. 550 * 3,000 = 1,650,000 Heck, in that case, with the direction bitcoin price is currently heading he just might be able to purchase two of them. Obviously that would wipe out any sort of diversification of his investment, much riskier but potentially that much more lucrative. The terms of the auction is that you must say the maximum price that you are willing to pay and how many you are willing to buy. If he wanted two then he could say he will buy 2 @ 1.5mm each. If he wanted to be sure to get one he could say he would buy 1 @ $1.65mm (and 1 @ 1.35mm if he wanted a chance to get a 2nd one) For the lazy ones : "This auction is for 9 blocks of 3,000 bitcoins (“Series A Blocks”) and 1 block of 2,656.51306529 bitcoins (“Series B Block”)." "1. The eligible bidder who offers the highest price will be the prevailing bidder; 2. If there are multiple bids at the highest price, the first bid received will prevail; and 3. If fewer than all of the Series A blocks are sold to the highest bidder, the remaining blocks will be sold to the successive highest bidders until all blocks are sold." It closes June 30 but we won't have the winners&price immediately, does someone know if the final auction price will be public? This is correct, but it does not make it any easier for the OP to be able to get 2 3k blocks from the auction
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boumalo
Legendary
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Activity: 1918
Merit: 1018
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June 16, 2014, 09:02:38 AM |
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New idea. Deposit $200,000 into US auction of confiscated SR coins. Get as many as you can and hold for dear life! *or diversify ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M. 550 * 3,000 = 1,650,000 Heck, in that case, with the direction bitcoin price is currently heading he just might be able to purchase two of them. Obviously that would wipe out any sort of diversification of his investment, much riskier but potentially that much more lucrative. The terms of the auction is that you must say the maximum price that you are willing to pay and how many you are willing to buy. If he wanted two then he could say he will buy 2 @ 1.5mm each. If he wanted to be sure to get one he could say he would buy 1 @ $1.65mm (and 1 @ 1.35mm if he wanted a chance to get a 2nd one) For the lazy ones : "This auction is for 9 blocks of 3,000 bitcoins (“Series A Blocks”) and 1 block of 2,656.51306529 bitcoins (“Series B Block”)." "1. The eligible bidder who offers the highest price will be the prevailing bidder; 2. If there are multiple bids at the highest price, the first bid received will prevail; and 3. If fewer than all of the Series A blocks are sold to the highest bidder, the remaining blocks will be sold to the successive highest bidders until all blocks are sold." It closes June 30 but we won't have the winners&price immediately, does someone know if the final auction price will be public? This is correct, but it does not make it any easier for the OP to be able to get 2 3k blocks from the auction He can get a 3k block and the 2.6x block I am sure he could invest more than 3m if needed
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KiddAvent
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June 18, 2014, 12:36:37 AM |
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maybe u must invest it in ATM bitcoin,maybe the maintenance fee is high,but if we see in the future,bitcoin have a high chance to spread around the world, so u can be a leader in ATM bitcoin developer. and for risk taker,maybe u must find a good partner to this, maybe with bittrex or another exchange,so it can educate other people and make money too, ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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boumalo
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Activity: 1918
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June 18, 2014, 09:37:19 AM |
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maybe u must invest it in ATM bitcoin,maybe the maintenance fee is high,but if we see in the future,bitcoin have a high chance to spread around the world, so u can be a leader in ATM bitcoin developer. and for risk taker,maybe u must find a good partner to this, maybe with bittrex or another exchange,so it can educate other people and make money too, ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The ATM market is already full with skilled and connected people, it is risky and by no means easy Buying bitcoins is safer
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ShakyhandsBTCer
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
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Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 29, 2014, 08:27:20 PM |
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New idea. Deposit $200,000 into US auction of confiscated SR coins. Get as many as you can and hold for dear life! *or diversify ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M. 550 * 3,000 = 1,650,000 Heck, in that case, with the direction bitcoin price is currently heading he just might be able to purchase two of them. Obviously that would wipe out any sort of diversification of his investment, much riskier but potentially that much more lucrative. The terms of the auction is that you must say the maximum price that you are willing to pay and how many you are willing to buy. If he wanted two then he could say he will buy 2 @ 1.5mm each. If he wanted to be sure to get one he could say he would buy 1 @ $1.65mm (and 1 @ 1.35mm if he wanted a chance to get a 2nd one) For the lazy ones : "This auction is for 9 blocks of 3,000 bitcoins (“Series A Blocks”) and 1 block of 2,656.51306529 bitcoins (“Series B Block”)." "1. The eligible bidder who offers the highest price will be the prevailing bidder; 2. If there are multiple bids at the highest price, the first bid received will prevail; and 3. If fewer than all of the Series A blocks are sold to the highest bidder, the remaining blocks will be sold to the successive highest bidders until all blocks are sold." It closes June 30 but we won't have the winners&price immediately, does someone know if the final auction price will be public? This is correct, but it does not make it any easier for the OP to be able to get 2 3k blocks from the auction He can get a 3k block and the 2.6x block I am sure he could invest more than 3m if needed The OP said he is looking to invest 3m so I doubt he wants to be upselled to be investing more
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dogjunior
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2014, 12:30:25 AM |
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New idea. Deposit $200,000 into US auction of confiscated SR coins. Get as many as you can and hold for dear life! *or diversify ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M. 550 * 3,000 = 1,650,000 Heck, in that case, with the direction bitcoin price is currently heading he just might be able to purchase two of them. Obviously that would wipe out any sort of diversification of his investment, much riskier but potentially that much more lucrative. The terms of the auction is that you must say the maximum price that you are willing to pay and how many you are willing to buy. If he wanted two then he could say he will buy 2 @ 1.5mm each. If he wanted to be sure to get one he could say he would buy 1 @ $1.65mm (and 1 @ 1.35mm if he wanted a chance to get a 2nd one) For the lazy ones : "This auction is for 9 blocks of 3,000 bitcoins (“Series A Blocks”) and 1 block of 2,656.51306529 bitcoins (“Series B Block”)." "1. The eligible bidder who offers the highest price will be the prevailing bidder; 2. If there are multiple bids at the highest price, the first bid received will prevail; and 3. If fewer than all of the Series A blocks are sold to the highest bidder, the remaining blocks will be sold to the successive highest bidders until all blocks are sold." It closes June 30 but we won't have the winners&price immediately, does someone know if the final auction price will be public? This is correct, but it does not make it any easier for the OP to be able to get 2 3k blocks from the auction He can get a 3k block and the 2.6x block I am sure he could invest more than 3m if needed The OP said he is looking to invest 3m so I doubt he wants to be upselled to be investing more 3m is not enough to invest. I read an article that said most companies that are looking to get into a mining operation or an investment in a bitcoin service need to spend upwards of 20m or more. 3m to 10m is too small.
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smoothie
Legendary
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Merit: 1473
LEALANA Bitcoin Grim Reaper
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June 30, 2014, 12:32:42 AM |
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Just buy BTC I say.
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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allcoinminer
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2014, 10:13:25 AM |
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It will be better to hold on to the BTC and sell after a no of difficulty increase. If you are an expert you can ROI from mining hardware. You need a lot of thinking, you need to baby sit a lot. or you can start a could mining company or can become an ASIC manufacturer. For that you can outsource all the process take pre-orders. But when all process are out sourced it will be a pain if the third party company delays. So you can do like what bitmaintech is doing, Sell already made hardware. The risk is less since even if the hardware is not sold out your mining company can make profit from mining. All these companies are actually miners and they sells just to limit their risk and make the income stable.
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DrG
Legendary
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Merit: 1035
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June 30, 2014, 10:18:16 AM |
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It will be better to hold on to the BTC and sell after a no of difficulty increase. If you are an expert you can ROI from mining hardware. You need a lot of thinking, you need to baby sit a lot. or you can start a could mining company or can become an ASIC manufacturer. For that you can outsource all the process take pre-orders. But when all process are out sourced it will be a pain if the third party company delays. So you can do like what bitmaintech is doing, Sell already made hardware. The risk is less since even if the hardware is not sold out your mining company can make profit from mining. All these companies are actually miners and they sells just to limit their risk and make the income stable.
The difficulty increases should have no real bearing on the price. The price of Bitcoin is controlled by it's future vs it's current uncertainties.
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allcoinminer
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2014, 10:24:20 AM |
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It will be better to hold on to the BTC and sell after a no of difficulty increase. If you are an expert you can ROI from mining hardware. You need a lot of thinking, you need to baby sit a lot. or you can start a could mining company or can become an ASIC manufacturer. For that you can outsource all the process take pre-orders. But when all process are out sourced it will be a pain if the third party company delays. So you can do like what bitmaintech is doing, Sell already made hardware. The risk is less since even if the hardware is not sold out your mining company can make profit from mining. All these companies are actually miners and they sells just to limit their risk and make the income stable.
The difficulty increases should have no real bearing on the price. The price of Bitcoin is controlled by it's future vs it's current uncertainties. Difficulty determines the uncertainty, that lead me to think so. I will agree if you say it will not but after gaining much more acceptance for btc in the co-operate world. Currently the industry/bitcoin is virtually controlled by ASIC mining hardware manufacturing companies, in my opinion. In the future, the current dust will settle and bitcoin world will build up a new base of much more stability and predictability like the counterpart.
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DrG
Legendary
Offline
Activity: 2086
Merit: 1035
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2014, 10:51:07 AM |
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It will be better to hold on to the BTC and sell after a no of difficulty increase. If you are an expert you can ROI from mining hardware. You need a lot of thinking, you need to baby sit a lot. or you can start a could mining company or can become an ASIC manufacturer. For that you can outsource all the process take pre-orders. But when all process are out sourced it will be a pain if the third party company delays. So you can do like what bitmaintech is doing, Sell already made hardware. The risk is less since even if the hardware is not sold out your mining company can make profit from mining. All these companies are actually miners and they sells just to limit their risk and make the income stable.
The difficulty increases should have no real bearing on the price. The price of Bitcoin is controlled by it's future vs it's current uncertainties. Difficulty determines the uncertainty, that lead me to think so. I will agree if you say it will not but after gaining much more acceptance for btc in the co-operate world. Currently the industry/bitcoin is virtually controlled by ASIC mining hardware manufacturing companies, in my opinion. In the future, the current dust will settle and bitcoin world will build up a new base of much more stability and predictability like the counterpart. Current acceptance (like Overstock, Dish, local businesses) is what drives demand for it's use as a currency. The more demand, the more people buy it and price goes up. The uncertainties are like the 51% attack (or possibility of), the malleability issue, the collapse of Gox and theft of coins, the US DOJ selling SR coins, etc.
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boumalo
Legendary
Offline
Activity: 1918
Merit: 1018
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2014, 10:57:08 AM |
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It will be better to hold on to the BTC and sell after a no of difficulty increase. If you are an expert you can ROI from mining hardware. You need a lot of thinking, you need to baby sit a lot. or you can start a could mining company or can become an ASIC manufacturer. For that you can outsource all the process take pre-orders. But when all process are out sourced it will be a pain if the third party company delays. So you can do like what bitmaintech is doing, Sell already made hardware. The risk is less since even if the hardware is not sold out your mining company can make profit from mining. All these companies are actually miners and they sells just to limit their risk and make the income stable.
The difficulty increases should have no real bearing on the price. The price of Bitcoin is controlled by it's future vs it's current uncertainties. Difficulty determines the uncertainty, that lead me to think so. I will agree if you say it will not but after gaining much more acceptance for btc in the co-operate world. Currently the industry/bitcoin is virtually controlled by ASIC mining hardware manufacturing companies, in my opinion. In the future, the current dust will settle and bitcoin world will build up a new base of much more stability and predictability like the counterpart. Current acceptance (like Overstock, Dish, local businesses) is what drives demand for it's use as a currency. The more demand, the more people buy it and price goes up. The uncertainties are like the 51% attack (or possibility of), the malleability issue, the collapse of Gox and theft of coins, the US DOJ selling SR coins, etc. In the positive you can add the expected fall of the USD, inflation, the qualities of Bitcoin which are more and more admitted In the negative the risk of a technical issue, ban of governments and creation of a competing currency, for exemple a crypto backed by Gold by a bank in Hong Kong or Singapore
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bitcoinbelieve
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2014, 02:18:19 PM |
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I don't believe a man who has gained 3M USD would ask an advice about investments on forum ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I second that motion
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boumalo
Legendary
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Activity: 1918
Merit: 1018
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June 30, 2014, 03:53:58 PM |
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I don't believe a man who has gained 3M USD would ask an advice about investments on forum ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I second that motion I disagree as it may be part of its due diligence on the matter since bitcointalk obviously has some very good Bitcoin experts
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