Sounds like the price is too high and a way to further reduce it would be to add more spots.
I think something I could consider might be 64 spots at 0.00321 per spot, but I think I might have a better shot finding 16 people willing to bet 0.01269 BTC? Seems like no matter how you slice it the cheapest of Casascius coins are too expensive for raffles anymore.
Topic: [Interest Check] 0.1 BTC Silver Casascius Coin Raffle (Read 184 times)
that is why he is doing a raffle instead of an auction - at auction he would get .12 to .13 (maybe less) by doing this raffle he can net 30k+
Just one.
To give an idea of the market, a 0.1 anacs 69 just sold on greater collections for $13k.
How many 0.1's were available in that offering?
To give an idea of the market, a 0.1 anacs 69 just sold on greater collections for $13k.
OgNasty,
The last one MJ pointed out sold for around $18,000 at the time.
0.265 BTC at $65,000 - $70,000 per bitcoin
Bitcoin being around 100k - 110k at the moment and asking for 0.02 x 16 or 0.32 BTC is steep
It’s even more steep when you consider you’re likely gonna lose the 0.02 BTC just for a chance.
I’m not at all knocking it. If I had the money to burn then maybe but so many people especially in this moment I think rather have BTC because of the Bull-run and the Premium on the coins I believe are being impacted. Im not sure in a good way.
What I think is more likely is selling the coin straight out to someone for around $20,000ish but still may be a hard sell to people because they may rather just put 20k in bitcoin atm.
I’m just speculating.
But I think another option maybe is to allow more people the chance at $350-400 per ticket. Although making the odds more like 50 to 1. Then again it may be harder to get so many on board.
So many options with it.
Love the idea regardless 🙌
The last one MJ pointed out sold for around $18,000 at the time.
0.265 BTC at $65,000 - $70,000 per bitcoin
Bitcoin being around 100k - 110k at the moment and asking for 0.02 x 16 or 0.32 BTC is steep
It’s even more steep when you consider you’re likely gonna lose the 0.02 BTC just for a chance.
I’m not at all knocking it. If I had the money to burn then maybe but so many people especially in this moment I think rather have BTC because of the Bull-run and the Premium on the coins I believe are being impacted. Im not sure in a good way.
What I think is more likely is selling the coin straight out to someone for around $20,000ish but still may be a hard sell to people because they may rather just put 20k in bitcoin atm.
I’m just speculating.
But I think another option maybe is to allow more people the chance at $350-400 per ticket. Although making the odds more like 50 to 1. Then again it may be harder to get so many on board.
So many options with it.
Love the idea regardless 🙌
This is tempting but also a huge risk. What a beautiful coin. Looks like a 70🤩
I did a few group buys and this is the last one I have, so as far as my eyes could tell it is the best of many.
Maybe I could throw in a 0.5 BTC Silver Casascius coin and do a raffle with both for 0.07 BTC along with some other prizes. Any chance we have 16 insane members with deep pockets that like to gamble?
This is tempting but also a huge risk. What a beautiful coin. Looks like a 70🤩
For reference, the last one auctioned here in March of this year went for 0.265BTC
https://bitcointalksearch.org/topic/--5489072
https://bitcointalksearch.org/topic/--5489072
I've thought about selling my 0.1 BTC Casascius Coin and am not sure what would be the best way to do it. The last one I sold for close to 0.4 BTC, which I assume would be a bit of a tall order these days. I do think it might make for a good raffle though. Would you be willing to pay 0.02 BTC for a 1 in 16 chance to win a 0.1 BTC Silver Casascius Coin? Maybe with a few other consolidation prizes tossed in?
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