Rising volume with rising price is an indication of increasing adoption. That's a good thing. For earlier adopters, rising price is a good thing. So is rising volume with rising price. If you are concerned that there is a conflict of interest, start a competing exchange and change the way the fee schedule works. Be a more important part of the market! Maybe you'll look at things differently.
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I also tried to send some coins to my wallet today. Weexchange shows COMPLETED. Nothing arrived. Transaction ID does not show up in blockchain.
Yep, me too. Waiting patiently.
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oh I am aware of all these things. No stranger to the exchanges, got educated on the scams.
I am considering issuing a security, but it isn't a mining company or gambling company or fund, so I am still trying to determine what the appetite is... before I post about it and get accused and slander all over this subforum.
The reason those types are so popular is that they are arguably able to be based in bitcoins and avoid the exchange rate risk. The fundamental question you will have to answer is: will you be able to beat simply holding bitcoins? I agree with Peter Lambert. There's a likelihood that for the next few years, simply holding BTCitcoin will blow away most any company. If you can achieve 150% - 400% annual growth rates, you will probably be within shouting distance. Can you do that? Having said that, this might just be the right time to do what you are considering. Right now, I'm also considering the idea that the USD-BTC exchange rate may remain fairly flat (+/- 20%) for as much as the next 18 months. But hey, predicting the future is so much easier after you see it happen. The miners are so compelling because you receive a dividend and some of them even attempt to stay abreast of the network hashrate, meaning that your dividend grows at the exchange rate when considered in USD. Can you offer growth that attains that? I think that the most interesting story is ASICMiner, as you probably know. But have you considered this: the initial investment for a board seat around Sept 2012 was BTC500 which was something like $5500 - $6500 at the time. Maybe even less if you had been hashing for a while. That was for 5000 shares, currently worth about BTC7000 or about $770,000 today, only 8 months later. That's after handsomely paying you back for your investment by the Ides of March. All that happened without the involvement of the mainstream stock markets and their hampering rules, regulations and fees. How do you trump that with a non-mining company? If you can, I'm looking for diversification, but hey, this is BTCitcoin. Gimmie my dividend. Preferably daily.
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No, eventually the company MUST pay dividends, as that's the only way a shareholder can realize benefit in holding the company(other than waiting for the rare event of some other company acquires your company with cash). A company can delay dividends because it can better use the funds to grow, but eventually it will HAVE to pay dividends. Even the mighty AAPL pays dividends, so does MSFT, INTC, NVDA, QCOM etc... they were once all non-dividend paying growth companies, but eventually, they pay dividends.
not really, often times you see a one time special dividend, singular, to return money to shareholders dividend companies generally pay dividends quarterly, not weekly or daily like bitcoin mining and gambling companies have been doing AAPL was a non-dividend company for 20 years obviously you distinguish yourself as a dividend investor, but there are plenty kinds of market participants my question is if the bitcoin community, the whole thing, has a risk appetite for growth companies. paying dividends quarterly, or weekly or daily, has nothing to do with a lack of transparency There is a risk appetite, no question. Being in BTCitcoin itself is a risk. The trading platforms are a risk. Everything here is high risk. One of the differences here is that there is no tax on the dividend payment. A public company pays tax on the dividend as income, and the shareholder pays tax on it as income as well. It's double-taxed. In the BTCitcoin world, because the companies are not recognized to exist, there is no legally recognized profit, there is no tax. Usually there is no or little view into the bookkeeping, and no auditing. This is also a risk, due to the fact that the company could potentially end abruptly. For that reason, dividends are usually required to be high and often. The investor wants to be re-paid for his investment in months, not years or decades. Take some time to research the scams, destroyed exchanges, holding companies and general volatility. I recommend taking about BTC30 and investing it in multiple places for a month or so. Spend time understanding the exchanges and sites you use and how other people view and use them. There is no legal recourse to protect you. You must use your wits and think hard about your exposure.
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Ukyo, Do you have an alternate way to transfer funds out of BitFunder? This morning I performed a transfer from WeExchange.co that didn't work, but claims it has been completed. Blockchain.info says no transaction found with the given number. I cannot reach anyone at WeExchange. I'm getting no response. Now my trust in that transfer path is very low. I need to make a transfer, and fix the broken (or delayed) one. Help! All users are having the same issue. WeExchange is not processing any deposits or withdrawals properly for the last 10-15 hours. Thanks, ThickAsThieves! It's a bit easier to wait knowing I'm in line... I think.
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Ukyo, Do you have an alternate way to transfer funds out of BitFunder? This morning I performed a transfer from WeExchange.co that didn't work, but claims it has been completed. Blockchain.info says no transaction found with the given number. I cannot reach anyone at WeExchange. I'm getting no response. Now my trust in that transfer path is very low. I need to make a transfer, and fix the broken (or delayed) one. Help!
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Your poll needs to be more semi-logarithmic: $0.00 - $1 $1 - $10 $10 - $30 $30 - $50 $50 - $80 $80 - $100 $100 - $200 $200 - $400 $400 - $800 $800 - $1200 $1200 - $2000 $2000 - $4000 $4000 - $10,000 $up You'll learn more.
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I think people here need to lighten up a bit. We are all treading the grounds of definitions, philosophy and high-level concepts. There will always be a misunderstanding among us, simply because the language used may not be strict enough or possibly the concept not presented clearly enough to get the ideas completely across to one another. We don't have the ability to read one another's thoughts. Thank goodness. However, we can think of those using BTCitcoin as an "economy". There is exchange within and foreign. It is currently a tiny economy, subject to great fluctuation and disruption. However it is growing. We can consider the price of BTCitcoin in terms of something else. USD, Euros, mg of Gold, ozs of Silver, seashells, or Litecoin. We can choose definitions we want to use. Is inflation an increase in supply of money, or an increase in money needed to purchase a particular item (or basket of items)? Once we choose definitions we like, we can then track some things about our little "economy". From that we may be able to help ourselves and others choose what best to do, whether it be to ignore or embrace the use of BTCitcoin. However, we'll get the most done if we combine our strengths and forget about our individual desire to be the one who is "right".
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I just looked over this investment.
Looks like it has been well run. The odd thing about it is the timing. I'm actually thinking that now and possibly for the next few weeks / months it might be useful to own gold or silver instead of BTCitcoin.
BTCitcoin is relatively high priced and gold or silver are relatively low priced.
Are you sure you want to (continue to) shut this down now?
-MikeMark
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Since my first buy of BTCINVEST at 0.099 / share on 4/7/2013, the NAV has gone up about 28%. That's 28% in just one month, not including dividends! It looks like it will just continue. Thank you for the diligent work you do, TradeFortress.
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I was a bitcoin early adopter and lost interest in bitcoin when it went from $30 down to $5. I feel idiotic for not scooping up BTC at that price. I did some early mining with my 5970 and accumulated ~50BTC and stopped mining when difficulty increased. I'm back now and it seems like everyone is getting rich and I can't help but feel like I'm missing out on groundfloor opportunities. I figure I'd take a shot and see if anyone could share some tips or current service offerings that could put me back in the game. ASIC miners are sold out and quite frankly there's so much info on these boards that its a full time job just reading everything. I'm pool mining right now but netting like .05BTC every few days isn't enough. Perhaps this same mentality is what screwed me up last time and I dont want to make the same mistake again.
I've been an "IT" person all my life and I have no idea how I missed out on things like buying Google or Apple. Bitcoin seems to be my last chance. Any tips would be appreciated.
The mentality that may be wrong is the drive to "get rich." What do you mean by "rich"? Maybe you already are rich and you just need to take a good hard look at your assets to understand that. In this period of time, we live beyond the dreams of the kings and queens of even just two centuries ago. Being or becoming rich isn't necessarily about how much value you can acquire. It really is about how much value you can provide to others.If you want to "get rich" using BTCitcoin as your vehicle, look at the needs of the BTCitcoin community. Provide for one of the many needs. Make a profit doing what you do, while providing a profit or value to those who use what you are doing. You will receive as you give. -MikeMark PS: The really nice thing about BTCitcoin is that you can create more value for others just by saving in BTCitcoin. What harm is it just putting $10.00 a week into BTCitcoin? Because BTCitcoin is a scarce commodity, you will be increasing the value of it. That small thing will provide a greater value for all who use BTCitcoin.
Consider this: 2 pizzas valued at approx $30.00 cost BTC15,000 just a short time ago. Your $10.00 at that time had the equivalent value of BTC5,000. At this time, because others saw the value in BTCitcoin and began using it, the BTC5,000 is now worth approx $500,000. The rate of adoption of BTCitcoin skyrocketed in late Jan 2013. It hasn't slowed down yet, and even at the current rate of adoption, it may be as many as 4-6 years before it really slows down. Most people still consider you to be crazy to have anything to do with BTCitcoin. There's a long way yet to go...
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Gamma valuation snapshot
Divide your personal number in column 'A' by 7214.14 (the grand total of column 'A') and that's your percent ownership of Gamma.
Multiply that resulting percent by 5407.30 to get the BTC value of your holdings.
Here's the math I use to come up with 5407.30:
706.9 BTC + (3601 ASICMiner shares x 1.222 BTC/share) + (300 BTC from GigaMining) = 5407.30
I'd appreciate it if someone would verify my assumptions / math / formulas please...
Math looks good. Assumptions ok. I see ASICMiner more like 1.28, but in the ballpark.
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Nice dividend and good growth again, thank you!
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Hi wisard, I like the idea. I'll be watching how things develop.
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Most of my BTCitcoin is currently in investments. How long will we have to send funds after auction ends?
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Who will payment be made to?
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I looked at the site. Is it USA only, N. America or World?
Are you looking for exchange rate in USD to BTC only or others as well?
What language would you like your code written in? What are you offering to pay?
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Tell you what, you loan to me, I'll invest in BTCINVEST and we'll all make a great profit! Usagi discovered this idea before... Ah, well. I don't have time to know absolutely everything that has ever been said or done. However, I'll try to be more original in the future...
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Because bitfloor, I've changed my payout address. Please update! Thanks. Updated to reflect current.
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Nice dividend again, Thank you. On the ATC777 loan, are they late in paying? I loan out on btcJam also. I've decided that it's a very difficult place to reliably get interest. More than 25% of the total I loaned out appears to be non-performing. That's a horrible rate, especially for someone who is generally pretty thorough in checking out a potential borrower. I've watched many trying to use that system to make interest loose everything. The idea is a good one, it's just that there seem to be too many scammers using it. Tell you what, you loan to me, I'll invest in BTCINVEST and we'll all make a great profit!
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