Quote from: ShakyhandsBTCer on June 29, 2014, 08:27:20 PM

Quote from: boumalo on June 16, 2014, 09:02:38 AM

Quote from: ShakyhandsBTCer on June 16, 2014, 03:24:49 AM

Quote from: boumalo on June 15, 2014, 10:35:11 PM

Quote from: ShakyhandsBTCer on June 15, 2014, 08:36:36 PM

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

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)

For the lazy ones :

"This auction is for 9 blocks of 3,000 bitcoins (Series A Blocks) and 1 block of 2,656.51306529 bitcoins (Series B Block)."

"1. The eligible bidder who offers the highest price will be the prevailing bidder;
2. If there are multiple bids at the highest price, the first bid received will prevail; and
3. If fewer than all of the Series A blocks are sold to the highest bidder, the remaining blocks will be sold to the successive highest bidders until all blocks are sold."

It closes June 30 but we won't have the winners&price immediately, does someone know if the final auction price will be public?

This is correct, but it does not make it any easier for the OP to be able to get 2 3k blocks from the auction

He can get a 3k block and the 2.6x block

I am sure he could invest more than 3m if needed

The OP said he is looking to invest 3m so I doubt he wants to be upselled to be investing more

3m is not enough to invest. I read an article that said most companies that are looking to get into a mining operation or an investment in a bitcoin service need to spend upwards of 20m or more. 3m to 10m is too small.