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  #361  
Old 17-04-2013, 09:49 AM
FraserH FraserH is offline
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We need to get a few LTC IMO. These could fly like early BTC did and they are only $2 each at the moment.
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  #362  
Old 17-04-2013, 10:04 AM
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Quote:
Originally Posted by Russ_uk
Big update coming later

at 5pm-ish...

Won't say no more as I'm literally running out the door...

Stay tuned!

Also I've got a proposal I've been thinking about that I wanna put to the members of the syndicate.
Russ,
Didn't realise I was getting into bed with such a tease!
Metaphorically speaking, of course.
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  #363  
Old 17-04-2013, 10:13 AM
FraserH FraserH is offline
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LTC FTW!!

I am hereby putting the case forward for the purchase of LTC (Litecoins) as well as BTC. These could eclipse any gains made on BTC but might take longer to come to fruition.
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  #364  
Old 17-04-2013, 10:15 AM
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Quote:
Originally Posted by FraserH
LTC FTW!!

I am hereby putting the case forward for the purchase of LTC (Litecoins) as well as BTC. These could eclipse any gains made on BTC but might take longer to come to fruition.
I am happy to buy a percentage of LTC
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  #365  
Old 17-04-2013, 11:22 AM
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The recent bubble and bust was caused by Russian investors attempting to move their money out of Cyprus by converting them into bitcoins. That is now over.

Anyone care to offer a reason as to why the think it will rise again?
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  #366  
Old 17-04-2013, 11:32 AM
FraserH FraserH is offline
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Quote:
Originally Posted by ffsear
The recent bubble and bust was caused by Russian investors attempting to move their money out of Cyprus by converting them into bitcoins. That is now over.

Anyone care to offer a reason as to why the think it will rise again?
It was "a" reason. Hacks were also to blame AGAIN.

Why are you so interested? Have you joined the syndicate?
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  #367  
Old 17-04-2013, 01:50 PM
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Russ can you write something soon please mate, I have no idea what you're talking about but it inspires me with 100% confidence.
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  #368  
Old 17-04-2013, 02:53 PM
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I'd be happy to go with a mix if they are easy enough to track...Regarding the new thread I reckon we'd still get a fair amount of "passers-by" added their two cents worth on the markets...unless there's an alternative investment bbs Russ or Fraser can suggest we all join and have our own thread there.
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  #369  
Old 17-04-2013, 03:08 PM
FraserH FraserH is offline
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People are free to chip in with their 2 cents worth if they want to. I think they think we are doing this to make money and not for a bit of fun.
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  #370  
Old 17-04-2013, 03:27 PM
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Quote:
Originally Posted by jamesc_24
Russ can you write something soon please mate, I have no idea what you're talking about but it inspires me with 100% confidence.
Quote:
Originally Posted by robcmitchell
Russ,
Didn't realise I was getting into bed with such a tease!
Metaphorically speaking, of course.
Sorry but the tease has to last just a little longer, Bitstamp is running slow as shit at the moment and although I can log in, it wont let me access all the info I want to post. Nothing to worry about just need a little time for the server load to calm down...

By 6-6:30pm all the info will be posted here..

Anyway, now for the proposal I've been thinking about which members may or may not go for (we'll see) were a syndicate though so I'll happily go with the majority.

Gimme 10 mins to write it up and I'll be back
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  #371  
Old 17-04-2013, 03:35 PM
FraserH FraserH is offline
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Russ, I think we put $100 of the pot into LTC. Surely worth a punt.
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  #372  
Old 17-04-2013, 03:38 PM
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Russ I am happy to hand my syndicate vote to you by proxy so it's easier for you to run.
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  #373  
Old 17-04-2013, 03:57 PM
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Quote:
Originally Posted by richdeniro
Russ I am happy to hand my syndicate vote to you by proxy so it's easier for you to run.
Very kind of you Rich, of course we'll only do what we think is best.

Quote:
Originally Posted by FraserH
Russ, I think we put $100 of the pot into LTC. Surely worth a punt.
I agree we should put something in the LTC pot - no doubt! Just wait a little while until I make the update so you/everyone can see some concrete figures (6-6:30pm)
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  #374  
Old 17-04-2013, 04:18 PM
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  #375  
Old 17-04-2013, 05:32 PM
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Russ, after the investments are initially made what else will be needed by you other than observing the markets? Personally speaking I do not need the guarantee you are suggesting. No need to saddle you with the risk, we've all agreed we can spare the cash and it would only have gone on going out/bets/food etc anyways.

So I'd rather keep the fair share and keep it even with everyone getting the same if we cash out. If there's commercial fees to pay then we allknow your paypal address.
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  #376  
Old 17-04-2013, 05:42 PM
FraserH FraserH is offline
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I personally don't think you should guarantee anyones money either. We are all old enough and ugly enough to know we stand a good chance of losing the money if the worst happens so be it.

I think we need all members to vote or those who don't want get give their vote to another member as a proxy.

I will happily waver my suggested extra % as the "work" will keep me busy whilst I am waiting to be made redundant at work
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  #377  
Old 17-04-2013, 05:44 PM
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Just add, because I haven't said it already, we need to lump $100 - $150 in LTC. If they move like BTC did initially we could make a nice profit. If they drop then we won't lose that much of the overall pot.
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  #378  
Old 17-04-2013, 05:50 PM
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I would rather just risk the money.Not that bothered about the guarantee to be honest.
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  #379  
Old 17-04-2013, 05:51 PM
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Okay no worries, proposal withdrawn...

TBH I'd rather not be a guarantor in such a volatile market, so all is good

But I will be spending a significant amount of time on this, but that's my decision I guess.

Some see it as a gamble, I see it as an investment - And I like to do as much as possible to protect them
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Old 17-04-2013, 05:59 PM
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Anyway....

Time for the all important update:

We now officially are investors in Bitcoin!!!

This morning $944.64 (619.79) hit my trading account and I made our initial BTC purchase!

We are the proud owners of 10.96012127 BTC !!

These were purchased as the price of $85.76 with a fee of $4.70



Quote:
Originally Posted by FraserH
we need to lump $100 - $150 in LTC. If they move like BTC did initially we could make a nice profit. If they drop then we won't lose that much of the overall pot.
I'm a big fan of LTC & It'll be great if we can get them for under $2 each, which is not improbable.

Maybe we could keep exactly 10 BTC & put the other 0.96012 into LTC? (This will have to be done on BTC-E as Bitstamp don't trade LTC)

Anyway, It's been a manic day and need some sleep *yawn*, I'll be back later tonight to answer any questions etc
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Last edited by Russ_uk; 17-04-2013 at 06:11 PM.
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