I would like an option to buy 2100 Bitcoins for $100 each on December, 2013. - page 2.

Cara Navarre

newbie

Activity: 14

Merit: 0

Quote from: joshbb on August 18, 2012, 11:57:58 PM

You do realize the price to buy 2100 bitcoin RIGHT NOW on mtgox is $22,787.77 (plus mtgox fee). You would then have the bitcoins guaranteed available to you to buy December 1st, 2013, as you would be the counter-party to your own contract.

If I were you, I probably wouldn't pass on any bids higher than $23,000 to your client, at the risk of looking silly to him/her.

Right. I am just being professional. I am disappointed in these bids because it shows that people are not confident in the long-term market. Either that or it shows that the price is going to be much higher in 2013.

joshbb

full member

Activity: 123

Merit: 100

You do realize the price to buy 2100 bitcoin RIGHT NOW on mtgox is $22,787.77 (plus mtgox fee). You would then have the bitcoins guaranteed available to you to buy December 1st, 2013, as you would be the counter-party to your own contract.

If I were you, I probably wouldn't pass on any bids higher than $23,000 to your client, at the risk of looking silly to him/her.

Cara Navarre

newbie

Activity: 14

Merit: 0

Unless there are more offers, I will report these bids to my client.

Thank you!

teek

hero member

Activity: 667

Merit: 500

$24,900

OgNasty

donator

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Merit: 4323

Leading Crypto Sports Betting & Casino Platform

I'll do it for $27,500.

Cara Navarre

newbie

Activity: 14

Merit: 0

Quote from: fcmatt on August 18, 2012, 11:46:17 PM

No problem. Wire me 30k and i will make it happen. Contract plus a bar of chocolate.

30k in Bitcoins or US Dollars?

fcmatt

legendary

Activity: 2072

Merit: 1001

No problem. Wire me 30k and i will make it happen. Contract plus a bar of chocolate.

Cara Navarre

newbie

Activity: 14

Merit: 0

Quote from: Bitcoin Oz on August 18, 2012, 11:41:50 PM

I think you would need a 25% deposit with an escrow.

No, no, I don't. Not with this options contract.

The seller of the Bitcoins may need to do so to ensure I can execute my right to purchase.

With this options contract, I have no obligation to purchase. The seller has an obligation to sell if its called for.

What I have to do is pay a fee upfront for this contract to be made.

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

I think you would need a 25% deposit with an escrow.

Cara Navarre

newbie

Activity: 14

Merit: 0

Quote from: smoothie on August 18, 2012, 11:37:51 PM

How would anyone ensure that you won't flake out on the purchase?

I have the right to purchase, the option to purchase. This is an options contract.

The seller only has an obligation to sell if I choose to buy. That's why I am willing to pay money for this contract to be made.

I have to ensure the seller of the Bitcoins will sell when and if I purchase.

smoothie

legendary

Activity: 2492

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LEALANA Bitcoin Grim Reaper

How would anyone ensure that you won't flake out on the purchase?

Cara Navarre

newbie

Activity: 14

Merit: 0

My right to purchase would be active for a week after December 1st, 2013. The seller of the Bitcoins would be obligated to sell them to me if I choose to buy them.

How much would this contract cost?

Topic: I would like an option to buy 2100 Bitcoins for $100 each on December, 2013. - page 2. (Read 3045 times)