[AUCTION] 0.3% Share in Satoshibones Monthly Revenue

ranlo

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Quote from: youhgt2 on March 12, 2016, 02:22:30 AM

if you can "sell" only a part of the investment (like 100 share of 0.15 BTC each one)
I think these ROI are so goods.... well also 1.5 BTC and 10 shares could be a good solutions, but you find easy 0.15 BTC...

You have asked to satoshibones owner if these shares could be splitted?

Uh, if it's a good deal at 1.5 each, it's a good deal at 0.15. It doesn't magically make the ROI higher to split them. And protip: if you look at the site's revenue... n/m, I won't do your due diligence for you.

youhgt2

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if you can "sell" only a part of the investment (like 100 share of 0.15 BTC each one)
I think these ROI are so goods.... well also 1.5 BTC and 10 shares could be a good solutions, but you find easy 0.15 BTC...

You have asked to satoshibones owner if these shares could be splitted?

Decoded

legendary

Activity: 1232

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give me your cryptos

Quote from: IamNotSure on March 03, 2016, 09:32:07 AM

Quote from: jpoker272727 on March 03, 2016, 07:38:00 AM

How come you want to sell yours if its just passive income each month?

Sorry, didn't saw that question.

Because I want to completely get out of BTC and as cool as this monthly income is, I tend to ... lose it by betting (as stupid as it sounds)

The thing is, it's a legal obligation to be able to exclude yourself from gambling authorized fiat casinos (at least in my country) In crtypto world, not so much. This turned out to be an issue for me.

With your money, put it straight into a bank, or a coinbase vault that is a pain in the ass to withdraw from Grin

ca333

hero member

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Developer - EthicHacker - BTC enthusiast

any chance to lower the starting bid?

ranlo

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Quote from: jpoker272727 on March 08, 2016, 06:59:55 AM

I looked at the last 6 or 7 months, and yes some months are better some are worse, just a totally rough estimate, I'd say the site brings in an average of 90 BTC's profit a month. (If im wrong, correct me). So each month really you are getting about 0.27BTCs, But even if its double that, and each month you get 0.5BTC, to even get your money back, and break even would take over a year at 7.5 BTC's. And like the guy said in the previous post, the whole economy of bitcoins in general is so volatile.

So lets say the world figures out bitcoins are the best, it gains popularity, and doubles in value, then it would only take 8 months to break even?

So all that happens, its very lucky, you wait the 8 months, and finally you can get your 0.4 Bitcoins each month? I feel like it might be easier to just throw a bet at satoshi

What does doubling in value have to do with anything?

You buy in at 10 BTC when BTC is $100 each. You spent $1000.
You sell out at 5 BTC when BTC is $500 each. You make $2500, or $1500 profit.

BUT you could have kept the 10 BTC and now you'd have 10 BTC at $500 BTC each, worth $5000, or a profit of $4900.

Which was the better deal?

Tl;dr: the price of bitcoin should NEVER be taken into consideration when dealing with a BTC-denominated 'stock.'

jpoker272727

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I looked at the last 6 or 7 months, and yes some months are better some are worse, just a totally rough estimate, I'd say the site brings in an average of 90 BTC's profit a month. (If im wrong, correct me). So each month really you are getting about 0.27BTCs, But even if its double that, and each month you get 0.5BTC, to even get your money back, and break even would take over a year at 7.5 BTC's. And like the guy said in the previous post, the whole economy of bitcoins in general is so volatile.

So lets say the world figures out bitcoins are the best, it gains popularity, and doubles in value, then it would only take 8 months to break even?

So all that happens, its very lucky, you wait the 8 months, and finally you can get your 0.4 Bitcoins each month? I feel like it might be easier to just throw a bet at satoshi

knowhow

hero member

Activity: 560

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Sure as long this website keeps runing you will get dividends the time to roi here is the main question as it can last for a year and looks like it will be needed more then a year to recover those investment,as long the projects keeps alive,its a risky investment without any warranty that the owner will keep paying .

ranlo

legendary

Activity: 1988

Merit: 1007

This valuation seems way off. You're dealing with a volatile coin, in a volatile economy, with a volatile site. You're basically putting risk on top of risk on top of more risk. At 20-30% ROI/yr, you're in a high-risk, medium-reward situation, at best. Using a highly illiquid method of ownership. I just can't fathom ever viewing this as a decent deal under the current circumstances.

IamNotSure

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Quote from: Blazed on March 03, 2016, 09:51:34 AM

You will not make positive ROI until you sell the stake though? I am curious if the owner is willing to buy out peoples stake for face value?

I'll update my spreadsheet and come back with precise numbers. Until 05/2015 it had yielded 4.492 BTC, and 2015 had some good months. If I'm not exactly break even it is a matter of months.

I don't know if the owner will want to buy stake for face value, the best way is to ask him. But he won't give a premium, that's for sure (and that's why I want to sell here, because I think a premium is justified)

He had enormous returns and if I was him, I'd buy back the 10% held by investors.

Blazed

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You will not make positive ROI until you sell the stake though? I am curious if the owner is willing to buy out peoples stake for face value?

IamNotSure

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Quote from: jpoker272727 on March 03, 2016, 07:38:00 AM

How come you want to sell yours if its just passive income each month?

Sorry, didn't saw that question.

Because I want to completely get out of BTC and as cool as this monthly income is, I tend to ... lose it by betting (as stupid as it sounds)

The thing is, it's a legal obligation to be able to exclude yourself from gambling authorized fiat casinos (at least in my country) In crtypto world, not so much. This turned out to be an issue for me.

IamNotSure

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Activity: 672

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Quote from: MRKLYE on March 03, 2016, 07:40:31 AM

Protip: This user wouldn't be selling this investment if it had any chance of actually getting ROI.

I already have my ROI. What are you exactly trying to say ?

Quote from: MRKLYE on March 03, 2016, 07:40:31 AM

Spending 7.5 or 15 BTC to *hopefully* receive a .1 to .2 dividend monthly seems like a fools move.

I disagree. An investment that yields more or less 20% annually is not a fools move.

Quote from: jpoker272727 on March 03, 2016, 07:48:57 AM

Obviously i know that hahahahahah, but the fact that the owner of the site puts an evaluation of it at over 1 million dollars, and people couldnt wait to line up and invest, is AMAZING.

And the owner has already won his 1$M dollar back in three years... Amazing, ins't it ?

Quote from: jpoker272727 on March 03, 2016, 07:48:57 AM

I don't know much about ecomonics. (...)

Indeed

Quote from: jpoker272727 on March 03, 2016, 07:48:57 AM

now someone realizes it was a mistake, and it actually gonna be able to sell it to others at an even higher price than he made.

It was far from a mistake. As I said it's the best investement I made in crypto so far.

This is for example the return for 2014 for the share I offer to sell. If some of you are intrested, I can publish a whole history.

01/2014   0.0369   0.49%
02/2014   0.1062   1.42%
03/2014   0.7439   9.92%
04/2014   0.1327   1.77%
05/2014   0.0917   1.22%
06/2014   0.1684   2.25%
07/2014   0.0326   0.44%
08/2014   0.1335   1.78%
09/2014   0.0952   1.27%
10/2014   0.3225   4.30%
11/2014   0.0375   0.50%
12/2014   0.1912   2.55%

2014 2.092 27.9 %

jpoker272727

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Obviously i know that hahahahahah, but the fact that the owner of the site puts an evaluation of it at over 1 million dollars, and people couldnt wait to line up and invest, is AMAZING.

now someone realizes it was a mistake, and it actually gonna be able to sell it to others at an even higher price than he made.

I don't know much about ecomonics, but this is the worst investment I have ever seen in my life, and Im not kidding. Not only are the figures absurd, even the business model tends to be risky on all levels, an online bitcoin gambling site. jesus christ

MRKLYE

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Designer - Developer

Protip: This user wouldn't be selling this investment if it had any chance of actually getting ROI.

Spending 7.5 or 15 BTC to *hopefully* receive a .1 to .2 dividend monthly seems like a fools move.

jpoker272727

legendary

Activity: 1137

Merit: 1000

OK, hey, I don't understand the economics behind it at all, but if you say so, I have no reason to disagree.

How come you want to sell yours if its just passive income each month?

IamNotSure

hero member

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Quote from: jpoker272727 on March 02, 2016, 08:53:38 PM

It's been around for about a year

Site has been around since April 2013.

For those who bought in 2013, I think they already have their initial investment back

Owner has never missed one single payement

Quote from: jpoker272727 on March 02, 2016, 08:53:38 PM

Last month it says the total profit from the site was 7 Bitcoins.

There is indeed some variance involved, like in any casino revenue.

For example, profit of , March 2014, Jan 2015 & June 2015 were above 200 BTC

Quote from: jpoker272727 on March 02, 2016, 08:53:38 PM

people think its a good idea to buy this investment at an higher price than originally bought from this third party.

This is called a market.

jpoker272727

legendary

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And now, someone who apparently did invest in it, obviously wants to offload it, and people think its a good idea to buy this bad investment at an even higher price than originally bought from this third party. hahahahahah I HAVE to not be understanding something.

Can someone explain the economics to me,

Last month it says the total profit from the site was 7 Bitcoins. So last month, the TOTAL revenue was about $2,800 USD. I'm not saying this isn't good for the site owner, that is basically a standard salary per month, I don't know what is involved with the upkeeping of the website, and what is involved with running it, but with $2,800 USD/Month, your not worth a million bucks, nor even close to it.

jpoker272727

legendary

Activity: 1137

Merit: 1000

Is it just me, or was the offer to purchase 10% of the net profit, to cost 250 bitcoins absurd? That means if you wanted to just get 10% of JUST the revenue from that site, it would cost well over $100,000 USD? So that site is evaluated to be worth over a million dollars?

It's been around for about a year, the owner of the site is unknown, and the betting is with bitcoin. Maybe it was a good investment, I have no idea, but to me, that seems like the worst possible deal I've ever seen. With $900,000, I'll make the exact same site, called it Satoshibone, with $800,000 leftover to spend on SEO, and getting traffic to it.

WHOOOOOO the hell invested in that!! and WHYYYY

IamNotSure

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Ok, the owner is ok for a partial tranfser of the stake.

So I'm ok to accept bid for only a part of the stake, but only by 10% increments

Place your bids like this example : 2 BTC for 20% of the sale means you'll receive 0,06% of monthly revenue for 2 BTC

I'll make only one sale to the highest bidder and/or the highest proportion of the share asked.

Buy it now price still applies for part or totality of the stake. (e.g. you can immediately buy 10% of my share for 1,5 BTC)

IamNotSure

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Quote from: Billyboy402 on February 29, 2016, 05:00:15 PM

Quote from: youhgt2 on February 29, 2016, 04:58:12 PM

you can sell only a part of it?
like 1% of total 0,3% ?

That's a good question. Please answer it.

Good question. I'll ask the owner of the site if he's ok to split my share into serveral. But I don't think he'll agree to go as low as 1%. Maybe 10x10% ?

I'll get beck as soon as I have an answer. Meanwhile, if someone is intrested in buying the whole thing, he'll have the priority.

Topic: [AUCTION] 0.3% Share in Satoshibones Monthly Revenue (Read 1269 times)