Topic: [BitcoinInvestments BI] Short-term 21 and 60 day certificates (Read 3015 times)
Everything i'm reading here doesn't make any sense and numbers are inconsistent.
I like this idea, but how can I set what rate i want to payout for each btc invested? I dont see how this can help besides giving someone the option to trade the option.
Very simple my friend, you sell short an option at the discount.
For example, right now BTC trades at 20 $
And you wanna offer ppl a 30 day
Put up your offers on https://bitoption.org/ - there you can NOT wiggle yourself out (PGP nice and fair, but as long as I don't have a lot of RL data I can't sue you anyways).
I like this idea, but how can I set what rate i want to payout for each btc invested? I dont see how this can help besides giving someone the option to trade the option.
Just read the help function or ask in the forum for details.
There are some explanations here, for example: https://forum.bitcoin.org/index.php?topic=9611.120
I strongly warn ANYONE of making deals just based on some PGP certificate (like on OTC). Bitoptions are backed by bitcoins/USD on MtGox, so they are far more secure for this kind of deal.
I just places 200 1 btc contracts for 240% return for 21 days (1btc = 2.4btc over 21 days) on Bitcoin-otc.com with order number 3935 under this name here. Enjoy
I am shooting a youtube video explaining how this works and showing my rigs right now, will be up in a few
edit:
second that, ill post contracts for sale on Bitcoin-OTC in the next hour or so. Almost done setting up.
edit:
second that, ill post contracts for sale on Bitcoin-OTC in the next hour or so. Almost done setting up.
Put up your offers on https://bitoption.org/ - there you can NOT wiggle yourself out (PGP nice and fair, but as long as I don't have a lot of RL data I can't sue you anyways).
I like this idea, but how can I set what rate i want to payout for each btc invested? I dont see how this can help besides giving someone the option to trade the option.
This is a great idea!
But your data are inconsistent:
* 220% at 21 days => in 42 days 484%
* 300% at 60 days
But your data are inconsistent:
* 220% at 21 days => in 42 days 484%
* 300% at 60 days
Im well aware. I rather people buy the 21 day contracts, that the 60 day. I have more risk with the 60 day with the market, but if you do not want to buy multiple 21 days contracts, you can just buy a 60.
That its why I am going to eventually move this to GLBSE with a share contract system. That way by using a 3rd party, I can ease everyone's concerns. All it takes is one. One the term is up and he post that everything went as hoped, then faith will be the backing. You invents in various mutual funds designed by people to perform better than others, so let me do that with btc as the platform.
Does GLBSE take default risk if an issuer fails to pay out on a bond contract? If so, this indeed would be an option. They must charge a hefty premium for that service though. Oy must they ever.
GLBSE has you deposit btc into an account that all dividends are paid out of. Basically I issue the contract with GLBSE, and then at the end of the contract I issue a one time dividend as payment. This should also allow for option trading with GLBSE.
Put up your offers on https://bitoption.org/ - there you can NOT wiggle yourself out
Superb idea.
Thank you, Sukrim, for posting that link to BitOption.org.
Put up your offers on https://bitoption.org/ - there you can NOT wiggle yourself out (PGP nice and fair, but as long as I don't have a lot of RL data I can't sue you anyways).
... my new program to make 300% return on your btc investment. ... 220% at 21 days, and 300% at 60 days
Something seems fishy here ...I read over all of his posts here ... and most of the posts were from within the last week asking questions you would expect from someone trying to set up a miner for the first time ...
I agree with JonDecker's analysis, and I say thank you to him for posting.
Shakaru has just shot himself in the foot, in public, on this forum.
Nobody with any experience in business or investing would believe returns like those claimed above.
Possibly has a good idea, but clearly is aiming his marketing at gullible rubes, and that's a bad idea where others can see him doing it, like here.
Something seems fishy here...
shakaru claims to have "a mass mining op (in the 10's of ghz)", yet in his signature he's asking for donations to build his mining rig.
I read over all of his posts here (and I encourage anyone considering this investment to do the same), and most of the posts were from within the last week asking questions you would expect from someone trying to set up a miner for the first time (what cards to use, what kind of monetary return to expect, why something isn't working etc..)
I'm not saying he doesn't have good honest intentions, but something isn't adding up and I hope nobody gets burnt
shakaru claims to have "a mass mining op (in the 10's of ghz)", yet in his signature he's asking for donations to build his mining rig.
I read over all of his posts here (and I encourage anyone considering this investment to do the same), and most of the posts were from within the last week asking questions you would expect from someone trying to set up a miner for the first time (what cards to use, what kind of monetary return to expect, why something isn't working etc..)
I'm not saying he doesn't have good honest intentions, but something isn't adding up and I hope nobody gets burnt
Couldn't agree more. Seems extremely shady. Also what exactly do you mean by "a mass mining op." Sounds like some horse shit to me.
Something seems fishy here...
shakaru claims to have "a mass mining op (in the 10's of ghz)", yet in his signature he's asking for donations to build his mining rig.
I read over all of his posts here (and I encourage anyone considering this investment to do the same), and most of the posts were from within the last week asking questions you would expect from someone trying to set up a miner for the first time (what cards to use, what kind of monetary return to expect, why something isn't working etc..)
I'm not saying he doesn't have good honest intentions, but something isn't adding up and I hope nobody gets burnt
shakaru claims to have "a mass mining op (in the 10's of ghz)", yet in his signature he's asking for donations to build his mining rig.
I read over all of his posts here (and I encourage anyone considering this investment to do the same), and most of the posts were from within the last week asking questions you would expect from someone trying to set up a miner for the first time (what cards to use, what kind of monetary return to expect, why something isn't working etc..)
I'm not saying he doesn't have good honest intentions, but something isn't adding up and I hope nobody gets burnt
This is a great idea!
But your data are inconsistent:
* 220% at 21 days => in 42 days 484%
* 300% at 60 days
But your data are inconsistent:
* 220% at 21 days => in 42 days 484%
* 300% at 60 days
That its why I am going to eventually move this to GLBSE with a share contract system. That way by using a 3rd party, I can ease everyone's concerns. All it takes is one. One the term is up and he post that everything went as hoped, then faith will be the backing. You invents in various mutual funds designed by people to perform better than others, so let me do that with btc as the platform.
Does GLBSE take default risk if an issuer fails to pay out on a bond contract? If so, this indeed would be an option. They must charge a hefty premium for that service though. Oy must they ever.
What do you know about the future market that we dont then?
That its why I am going to eventually move this to GLBSE with a share contract system. That way by using a 3rd party, I can ease everyone's concerns. All it takes is one. One the term is up and he post that everything went as hoped, then faith will be the backing. You invents in various mutual funds designed by people to perform better than others, so let me do that with btc as the platform.
As to your B statement. The security is that I have a mass mining op (in the 10's of ghz) running for my own use and can cover any loss of contract I accept. I can and will deny orders that are to rich for my blood.
Excellent, and I think a Bitcoin credit market would be a very useful thing indeed. So how does an investor lien the mining hardware in the event of default? That is to say, if I want to give you 100 BTC as an investment (amount can be anything) and you just never visited the forum again, what can I do as an investor?
I guess this question belongs on the trading forum but a traditional company will have a legal records address where I can (in theory) sue you if you fail to pay.
This sounds eerily of an HYIP. Not saying you can't make money with HYIP's but it's most definitely risky.
Only I dont accept contract orders for amounts I dont have in existing btc asset. Thus if I fail, I have an insurance account.
I also wanted to add that I shortly will be adding two funds to the Global Bitcoin Stock Exchange with profits based on my contributions from my portfolio. This would allow me for both automated payout and option trading in my network.
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