Marked, do you spread your investment across them for diversity's sake?
Not really - it was just a way of getting to understand how glbse worked. It's not a bad choice as on a per BTC level, it gets between 0.5-1.5% return.
I started playing with 1BTC back in January, and really it was playing. I bought 3 FPGA.contract, for about 0.32 and sold at 0.35, after getting 0.03146505 in dividends.
deposit into glbse, 1.0BTC
bought FPGA.contract
3@0.32 -0.96
5 dividend payments of
3 @0.00206794 0.00620382 Mon 2 Jan
3 @0.00170361 0.00511083 Sun 8 Jan
3 @0.00226625 0.00679875 Mon 16 Jan
3 @0.00210994 0.00632982 Sun 22 Jan
3 @0.00234061 0.00702183 Sat 28 Jan
total +0.03146505
sale FPGA.contract
3@0.35 +1.05
balance
-0.96 0.00
+0.00620382 0.00620382
+0.00511083 0.01131465
+0.00679875 0.01811340
+0.00632982 0.02444322
+0.00702183 0.03146505
+1.05 1.08146505
so that is a 0.12146505BTC return on the initial 0.96 over a 5 week period.
a couple of hours after I sold the price rose to 0.3999. which would have been +1.1997 and a return of 0.27116505
To be honest, this would only work for a few BTC maybe 5 at most for the 0.3+ listed, maybe 1-2btc for the <0.15. Watch for when div payments are made, as you can buy after this cheaper for some who are also playing who are selling cheap. Div payments can only be seen by following the threads of each share, unless anyone knows of a way to see it in GLBSE, API? Anything higher and I would suggest much better research, and look at the %ROI, 30 day trade, and the co. performance.
for example my selling an IBB share I bought on 19/02 at 0.15 and sold on 21/02 at 0.20 was good (33.3%) and would have netted an 0.005 div payment yesterday, (3.3%), whereas if I bought at current ask (0.5) then it would be 1% which is around what most mining co.s pay - but that's a monthly div against a weekly div.That was pure luck.
Buy just before the month end and you can guess what IBB will be paying by checking the lending forum, and seeing if you can spot the gratuity payments they get. Right now I have an open order for IBB,
2@0.15 - It's unlikely to happen and I could spend that 0.3 on something else but I'll give it a few days to see what movement occurs.
However I bought MergedMining at 0.131 which is now at 0.139 (+6%), with a div of 0.001.
if you want to do it properly track the trades through the API and the twitter.com/GLBSE feed. Buy 10 0.3+ shares and a div will cover 1-2 0.1x shares to purchase.
This all looks good but I haven't lost on the scam trades, or the LIF.<x> (very nearly bought), or bought high and had the share price drop. I have however taken a "risk" on BTCSYN, as that's still in IPO.
So all in all, 1 BTC will get you terrific gains and losses, depending on the bid/ask at any given moment. You may have to wait weeks for a given share to be a worthwhile investment, but can give substantial return is there is a wild separation in bid/ask eg. currently IBB is ask 0.5, bid 0.2, last trade 0.2999 (1 share). 10+ BTC will give steady return if the shares were bought at a good price, and you use the dividends to reinvest.
It may also be worth noting that now that the BFL single is out and into the hands of early adopters, the GPU farms might crash in 3-6 weeks - though most have purchased BFL units and therefore increasing the hash rate, therefore increasing the payout, therefore meaning that you should buy now whilst cheap on a MH/share.
Anyone want to chime in with trust levels? Where is bitscalper on the list? (Just Kidding!)
have something like 0.030<earnings> in there, but that's completely offset by winning 0.7BTC at bitcoin-kamikaze.com, from an identical stake of 0.03. (though for some reason that site isn't accepting deposits, or at least isn't giving me a deposit address.)
I will have to give this a try.
Good luck.
As always, none of this is advice - I may have been drinking, having a brain fade or even gotten out of bed the wrong side. E&OE, full-contact rules apply, no purchase necessary. #include <std-disclaimer.h>
marked
