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Victoo
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August 02, 2014, 06:26:28 AM |
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Even if you don't invest anywhere else, you are already invested in bitcoins. You can sleep on it and sell it when it doubles.
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ed_teech
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August 02, 2014, 09:28:37 AM |
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I am considering running a business to address Bitcoin investing. The whole idea is banks in different countries give out different interest rates. The country I live in (Iran) does have very high bank profits (result of inflation and high interest loans given). The standard banking profit is %10 a year, and can go up to %20 if the duration is more (5 years for example). Bitcoin provides a good way to transfer money to Iran, as no international bank can handle low cost transactions here. If the added exchange rates of BTC/USD and USD/RLS are added I think it still may be profitable. The main issue here is trust, as I know I couldn't have the trust of anybody here right now. If that can be handled, it is a sure investment, because the bank is building the profit not me  Any ideas ? |
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jayc89
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August 02, 2014, 12:26:39 PM |
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Stock. There are plenty of securities which are generating a steady revenue. TRADER, DEBT, BIF (all currently on CryptoStocks).
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tmfp
Legendary
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Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."
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August 02, 2014, 12:27:38 PM
Last edit: August 02, 2014, 02:02:34 PM by tmfp |
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Even if you don't invest anywhere else, you are already invested in bitcoins..... This is true. If your daily income is in a fiat currency, then you have already made your investment by buying BTc. Presumably you have bought Bitcoin for a mixture of reasons 1) To pay for stuff with 2) To profit on through price increase 3) Because you think it's ideologically cool. That's fair enough, but BTc is the investment, not the investment currency. Fiat is the currency, BTc is the commodity you buy with it. It may be a commodity which has financial applications, but it is the investment/speculation in itself. There is a parallel with gold here. People buy gold with fiat because they want their "wealth" to be diversified out of paper. They don't then get their ingot or Double Eagle or whatever and think, right, what can I do with this? The vast majority of "investments" offered for Bitcoin are scams designed to appeal to the naivety and greed of holders who think they should be doing something more than just holding their Bitcoin. Nobody actually needs Bitcoin, unless they want to buy something which is only available or preferentially denominated in it and, apart from SR dr*gs, not many things fit that bill. Fiat interest rates in most of the world are very low, so why should Bitcoin magically be able to return 1%+ per day? |
Extraordinary Claims require Extraordinary Evidence |
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Zebra
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August 02, 2014, 08:46:19 PM |
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I am considering running a business to address Bitcoin investing. The whole idea is banks in different countries give out different interest rates. The country I live in (Iran) does have very high bank profits (result of inflation and high interest loans given). The standard banking profit is %10 a year, and can go up to %20 if the duration is more (5 years for example). Bitcoin provides a good way to transfer money to Iran, as no international bank can handle low cost transactions here. If the added exchange rates of BTC/USD and USD/RLS are added I think it still may be profitable. The main issue here is trust, as I know I couldn't have the trust of anybody here right now. If that can be handled, it is a sure investment, because the bank is building the profit not me Any ideas ? Are you saying that your business will take btc, trade it for Iran local dollars, deposit the money in Iran local banks to get a high interest rate? If that is the case, I see 3 big problems. 1. As you say, you can run away at any time. 2. The bitcoin price can change dramatically in a few years. 3. The forex exchange rate can change dramatically. |
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Bitcoin Charts
Newbie
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Activity: 14
Merit: 0
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August 03, 2014, 12:28:26 AM |
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invest in you your personal banking or bitstampt , there more secure . slowly but oke to take a secure your money . without manipulation like website got hack . bla bla bla
there a lot of fraud
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ed_teech
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August 03, 2014, 06:42:32 AM |
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1. As you say, you can run away at any time.
Thats right. I don't know how people can trust me. 2. The bitcoin price can change dramatically in a few years.
Its the basis of investment using Bitcoin. If one believes in price fluctuations, holding bitcoins is more economical. Investments should report profit as percentage of bitcoin earned. BTC/USD is out of question here. 3. The forex exchange rate can change dramatically.
This is also true. The IRR has been stable for a year, but there is always the possibility of price change. |
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profitofthegods
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August 05, 2014, 11:59:19 AM |
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BTCJam is good, but make sure you put a small amount in lots of loans so you don't loose everything if someone defaults. Also be careful that you understand if the repayments are pegged to Bitstamp USD that means you could loose Bitcoin if the price of BTC goes up (but on the other side, you can make extra on top of the interest if the price goes down). There are also a couple of similar sites too. There are loads of other good ways to invest Bitcoins - I have info on a couple of them in my signature  . Trading can be good, but requires a lot of time and effort and some skill. You can put them on Bitfinex and allow people to borrow them for leveraged trading, although the demand is more for USD so you might not get much there. You can go to NXT secure asset exchange to invest in a lot of different projects with Bitcoin, or sites like bitcoinbourse or cryptostocks - but be careful because there are a lot of scams so make sure you research well and are prepared to take some losses along the way. Good luck! |
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polynesia
Legendary
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Activity: 1358
Merit: 1000
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August 05, 2014, 04:43:38 PM |
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Do the Bitfinex fees apply to the liquidity providers also? |
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Salmon1989
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August 06, 2014, 11:48:20 AM |
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Do the Bitfinex fees apply to the liquidity providers also? I want to know that as well. https://www.bitfinex.com/pages/feesSWAPS
Charged on your existing swaps, paid by the liquidity provider 15.0% (of the swaps generated by active contracts)
What exactly does the above line mean? |
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polynesia
Legendary
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Activity: 1358
Merit: 1000
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August 06, 2014, 05:49:28 PM |
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Do the Bitfinex fees apply to the liquidity providers also? I want to know that as well. https://www.bitfinex.com/pages/feesSWAPS
Charged on your existing swaps, paid by the liquidity provider 15.0% (of the swaps generated by active contracts)
What exactly does the above line mean? Since I essentially plan to have a long position, I wouldn't mind generating a return (however small it may be) by providing liquidity. But I do want to know if fees would eat into my returns. |
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Ayers
Legendary
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Activity: 2660
Merit: 1024
Vave.com - Crypto Casino
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August 06, 2014, 06:34:59 PM |
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you can play directly with btc, but is very stagnant right now, otherwise alt coin can be ok if you know what you are doing
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thy
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August 07, 2014, 03:56:22 PM |
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Stock. There are plenty of securities which are generating a steady revenue. TRADER, DEBT, BIF (all currently on CryptoStocks).
On CryptoStocks you also have DEBTBOND1, DEBTBOND2 and MSP from the same person thats behind TRADER and DEBT. MSP for example has returned 109.26% in 110 days for those that invested in it from the start. |
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Brewins
Legendary
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Activity: 1120
Merit: 1000
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August 07, 2014, 07:37:53 PM |
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You can try the lending section in this forum, just require collateral for loans, and use escrow or ask the user to send the collateral first
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profitofthegods
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August 07, 2014, 08:02:12 PM |
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Stock. There are plenty of securities which are generating a steady revenue. TRADER, DEBT, BIF (all currently on CryptoStocks).
On CryptoStocks you also have DEBTBOND1, DEBTBOND2 and MSP from the same person thats behind TRADER and DEBT. MSP for example has returned 109.26% in 110 days for those that invested in it from the start. Maybe I should keep up with my investments on Cryptostocks more, I hadn't realized MSP had done so well - I bought some of that. I wish they would make it easier to check back on what price you bought at and what returns you've got - I only put a small amount of coins on each of a few things there, and its just too much effort for it to be worth my time bothering to really keep track of things on small amounts like that if I have to do it all myself with spreadsheets. |
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desired_username
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August 07, 2014, 08:13:43 PM
Last edit: August 07, 2014, 08:40:44 PM by desired_username |
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Do not listen to anyone here. Crypto stocks are like penny stocks, it's highly likely that you will lose money. Most of these stocks already failed, failing, or outright scams.
There are a lot of pump and dumpers on this forum looking for clueless newbies. Be careful.
Edit: This is also true for altcoins. The only purpose of them at this stage is making the creators $$$.
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Hiraga
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August 08, 2014, 09:02:09 AM |
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Why not buy some ReddCoins and simply wait it's a good one to hold on to.
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Crossbow376
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August 08, 2014, 03:56:43 PM |
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Why not buy some ReddCoins and simply wait it's a good one to hold on to.
What is the special point about ReddCoins, other than a price drop of over 50% in the past week? |
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Hiraga
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August 08, 2014, 04:00:37 PM |
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Why not buy some ReddCoins and simply wait it's a good one to hold on to.
What is the special point about ReddCoins, other than a price drop of over 50% in the past week? Why start counting from the top/alltime high. If you start at the bottom it looks a lot better. Any rally is followed by a correction and after it builds up again. |
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hyipworld
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August 08, 2014, 06:20:56 PM |
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these days I invest my BTC in new program BTC-legacy . I invested money here two days ago . this time my investment is 0.04 BTC which is the minimum investment on site . admin pay me 0.002 BTC daily as profit . we can withdraw our principal any time .it is the best part of the site we earn here admin pay us a pure ROI . hope this site will pass all test of me and I will invest here more money and earn good amount  |
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