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Author Topic: Investing your bitcoins  (Read 1042 times)
frankendoodle
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February 13, 2012, 03:08:04 AM
 #1

Hey everyone Smiley I've been saving up bitcoins over the past few months and I'm wondering if anyone has any recommendations on how to invest them. I'm trying to study up on my options in order to avoid unnecessary losses.

Thank you all in advance, I'm very interested in hearing how you've put your BTC to good use.
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finway
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February 13, 2012, 04:28:02 AM
 #2

GLBSE.com

boxbox10
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February 13, 2012, 06:31:46 AM
 #3

i prefer trading them at mtgox.
payb.tc
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February 13, 2012, 06:34:30 AM
 #4

depends on your personality... i think a great investment would be paying a skilled and efficient web developer to help expand your empire.

Miner612
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February 13, 2012, 09:01:59 AM
 #5

um, watch the market and sell them when it goes up?  lol what kind of question is this

I buy and sell GPUs, most 5850s and 7970s. 
jimzolorenzo@gmail.com  -- Make an offer.
http://myworld.ebay.com/i_buy_5850s  -- current inventory
I have a couple bare bone mining rigs for sale as well.

--------------

I bought silver from [ccliu] 5 star transaction!
I bought silver from [TECSHARE] -- shipping still
SaintFlow
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February 13, 2012, 09:04:21 AM
 #6

GLBSE.com

+1   this

unfortunaltely its a bit tricky to inform yourself properly about the companys

account resurrected
the lurking ends
deroyale
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February 13, 2012, 09:31:43 PM
 #7

Buy low - sell high...

 Wink


Seriously though - take a look at bitcoinica.com

Criticism requires specifics capable of stimulating understanding. That's why I decided to be rude and honest.


Bitcoin is a superior medium of exchange [...] The current system is shit, designed to make slaves of people, and its [sic] the responsibility of smart people everywhere to assert an evolution.
aseldon
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February 16, 2012, 03:08:49 AM
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Bitcoinica.com seems to be the best bet at this point. However, I have had BTC in there for 2 days and have yet to get any interest payments.  Embarrassed
BIGMERVE
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February 16, 2012, 03:41:35 AM
 #9

Bitcoinica.com seems to be the best bet at this point. However, I have had BTC in there for 2 days and have yet to get any interest payments.  Embarrassed
I thought you only got intrest from storing USD$ not Bitcoins.

aseldon
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February 16, 2012, 03:52:49 AM
 #10

Right now there is a 0.49% APY listed for BTC. I know its not much but it should still pay something unless I am confused
deroyale
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February 19, 2012, 01:38:38 AM
 #11

Bitcoinica.com seems to be the best bet at this point. However, I have had BTC in there for 2 days and have yet to get any interest payments.  Embarrassed

Right now there is a 0.49% APY listed for BTC. I know its not much but it should still pay something unless I am confused

APY = Annual Percentage Yield

Annual being the KEYWORD in this case...   

Patience is a virtue. (At least that's what I've heard.)

I believe the draw to bitcoinica is the ability to leverage through margin and also  - maybe MORE importantly - the ability to offset loss (if you're a miner) via hedging - like farmers do with futures contracts.

We just have to hope bitcoinica doesn't pull an 'MF Global' on us.  Wink

Criticism requires specifics capable of stimulating understanding. That's why I decided to be rude and honest.


Bitcoin is a superior medium of exchange [...] The current system is shit, designed to make slaves of people, and its [sic] the responsibility of smart people everywhere to assert an evolution.
LouReed
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February 19, 2012, 04:04:07 AM
 #12

Isn't just buying them an investment in itself? You buy low, and hope they go up, and sell when they do. At least that's my plan.
the joint
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February 19, 2012, 04:10:08 AM
 #13

Lately I've been taking a % of my mined BTC and using it to buy silver and gold whenever I can find deals at spot price. 

My advice would be to take at least a handful of your BTC and hold onto them for the long haul.  The nice thing about Bitcoin is that if it ever goes mainstream, virtually every person on this entire forum will be loooooooooaded.

But, to make this happen, spend some BTC on the things you usually buy if you can find them at about the same price.  Spending BTC in the Bitcoin economy could be thought of as an indirect investment.

Glasswalker
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February 19, 2012, 04:34:01 AM
 #14

Keep you're eyes peeled, there will be a new venture announced in this forum, and in the services forum, which will be trading publicly on GLBSE.com

If you're looking for an investment opportunity it will be a good one. (to be announced publicly within the next 24h)

Wink

Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
xevious
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February 20, 2012, 12:37:38 AM
 #15

This sounds dumb - but since I'm not dealing with any large sums of coins, I've mostly been investing mine in Magic the Gathering cards. Thanks, ABU Games!

The game is still going strong after around 20 years, and I'm finding a ton of the cards I had ten years ago have practically quintupled in value. Worst case, I've got some shiny pieces of cardboard to play around with that I can sell off for a new PC in a few years.
Nefario
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February 20, 2012, 12:50:39 AM
 #16

i prefer trading them at mtgox.

That's not investing, thats speculating.

GLBSE was mentioned, version 2.0 is going to be coming out next week.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
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