Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Mining speculation
Re: I have 3 Million USD to invest into Crypto Currency - How should I do it?
by
ShakyhandsBTCer
on 15/06/2014, 20:36:36 UTC
Quote from: nwfella on June 14, 2014, 05:35:37 PM
Quote from: BoxControl on June 14, 2014, 05:47:25 AM
Quote from: nwfella on June 14, 2014, 05:15:45 AM
New idea.  Deposit $200,000 into US auction of confiscated SR coins.  Get as many as you can and hold for dear life!

*or diversify Smiley

If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M.
550 * 3,000 = 1,650,000
Heck, in that case, with the direction bitcoin price is currently heading he just might be able to purchase two of them.  Obviously that would wipe out any sort of diversification of his investment, much riskier but potentially that much more lucrative.

The terms of the auction is that you must say the maximum price that you are willing to pay and how many you are willing to buy. If he wanted two then he could say he will buy 2 @ 1.5mm each. If he wanted to be sure to get one he could say he would buy 1 @ $1.65mm (and 1 @ 1.35mm if he wanted a chance to get a 2nd one)