Hi
I opened a ticket 6 days ago and don't have an answer yet.
I completed the 28 points of the bronze level (actually have 38.6) and need to know how to upgrade to bronze+. I can't find the option anywhere and still have the $250/day limit
Any way to upgrade?
Please send me a PM with the email address associated with the account. Thanks, -Ascension |
|
|
|
But surely, increased revenues from new users, which is what we are seeing, negates/off sets a possible rise in BTC. Together with the option to sell, means even more revenue. I get the conversion conundrum.....RentalStarter is another good example, but what am i over looking here, if the goal is to keep increasing revenues/dividends?....which is being achieved in style, btw.
Unfortunately not the case here. Revenue is limited by capital - increasing revenue means capital has to increase (either by retaining profits to expand or by issuing new shares). If revenue wasn't constrained by capital then a case could be made that the security wasn't USD-denominated (as although capital would still drop that wouldn't impact revenue). But that's not the case here - as revenue is very directly limited by capital (because of the delay in receiving payments in a usable form). And so a rise in BTC/USD rate doesn't just reduce capital (measured in BTC) but also reduces the amount of revenue that can be supported (again measured in BTC) and so the profits (in BTC). All of those things that reduce when measured in BTC stay the same when measured in USD - which is as clear a demonstration as you can get that the security is, in practice, USD-denominated. If BTC rises significantly vs USD what you'll see happen is one of two things - either: Profits will fall. or More shares will have to sold to get capital (in BTC) back to where it was - allowing profits to be the same but diluting them when measured in BTC/share terms. If accounts were being produced then this would be pretty obvious (and I could explain it with actual numbers) - but they aren't, so it isn't. This is a false premise "And so a rise in BTC/USD rate doesn't just reduce capital (measured in BTC) but also reduces the amount of revenue that can be supported (again measured in BTC) and so the profits (in BTC)." You are assuming that as a business we sell X BTC a day, when in fact if BTC value goes up we still sell around our daily USD average and the # of total BTC sold actually goes down. Also the increase in BTC price does not reduce revenue or capital because a customer is limited to the amount of USD they have on hand and in turn will buy the same amount in USD whether the price is up or down. The reason for us holding USD is to reduce the risk of btcQuick to price volatility. Theory of running a business and actually running one are two different things. |
|
|
|
What's up with the membership levels? I was at bronze for many months, placed enough orders to take my "points to next level" down to 0, and it subsequently reset to 50 while leaving me at bronze level with the same fees and daily limits. What are the membership levels and when does one move up?
PM me the email address associated with your account. Thanks, -Ascension |
|
|
|
Order 11912: Private key hasn't been funded after 5 hours, but I was charged immediately. Site said there were BTC in stock the whole time.
Your bitcoins should arrive shortly. Sorry for the delay. Thanks, Ascension |
|
|
|
im having problem with order 11098 or 11087.
5 days now taken my money no bitcoins.
0.G.931650931684570
Order #11098 Was cancelled due to failed payment. Order #11087 was also cancelled. |
|
|
|
How long does it take to verify accounts? Submitted my info on Friday and haven't heard back...
We got caught up on all the membership this weekend. You should have received a response. If not please PM me your membership order # |
|
|
|
Dividend for 08-01-2013 to 08-15-2013 sales posted. Total Dividend of 145.00 BTC or ฿0.00000290 per share.
Hi Ascension, I'm interested in buying. Could you please address a little bit more about my concern? - How you gonna deal with your legal risk? As you are a Denver based company, do you have any clue about preventing what happened on MtGox happen to you? Thank you! As I have said in my other posts we are working with a lawyer. We use a local bank, not a corporate one, we are also working on getting a business account setup with the Internet Archive Credit Union (a bitcoin friendly bank)- |
|
|
|
Hi Ascension, I'm interested in buying. Could you please address a little bit more about my concern? - How you gonna deal with your legal risk? As you are a Denver based company, do you have any clue about preventing what happened on MtGox happen to you? Thank you!
As I have said in my other posts we are working with a lawyer. We use a local bank, not a corporate one, we are also working on getting a business account setup with the Internet Archive Credit Union (a bitcoin friendly bank). |
|
|
|
This stock seems a little weird to me. Despite breathtaking profits blooming, some people are trying to sell tons of shares. I was wondering if the management doesn't mind to disclose
1. How many shares are you holding currently?
2. Have you sold the 50,000 shares you proposed yet?
3. Is there any further share release plan from your part in near future (e.g. 10 weeks)?
I believe this kind of disclosure would greatly help investors to understand what's going on.
Part of problem is that no accounts are being produced. Couple that with the apparent need to sell shares to raise capital and it suggests that what's being dividended out may be more than profits - i.e. things like advertising costs etc aren't being deducted. Plus it's unclear to what extent capital is held in USD and hence loses BTC value when BTC rises vs USD. In short - it's not clear whether profit (in BTC) is actually being made or is an illusion. 1) I am working on getting these caught up... 2) The selling of shares is due to the fact that our current capital on hand is not enough to keep up with the rising demand. 3) We do not hold BTC, except for a small buffer in order to ensure orders are fulfilled as exchange orders lag, We purchase bitcoins at the same time the customer does in order to reduce btcQuick's risk to price volatility. |
|
|
|
For people who like their divs, they are going to love a 54% increase to 0.00000290, on last time. To note, the divs have increased nearly X10 since June.  Who needs depreciating and uncertain mining co's, eh! Nicely done Ascension.  Thank you! We do have a small amount of shares we would like to sell in order to keep up with this demand... Send me a PM if you are interested in purchasing some and I will post them on bitfunder for you. As far as news goes: The sell feature should be completed by this weekend from there we just need approval from Zipmark for the integration. Please keep in mind that Zipmark is approving the use of their system to enable us to buy bitcoins from others but they will not have a decision until September regarding the use of Zipmark to allow customers to buy bitcoins from us. miiCard integration should also be completed this weekend and this is really good as their system allows us to perform AML/KYC. This will also help us automate the membership process. We have numerous features in the pipeline for development and hopefully with this growth we can hire another developer to focus on some merchant features. Thanks, -Ascension |
|
|
|
|
Dividend for 08-01-2013 to 08-15-2013 sales posted. Total Dividend of 145.00 BTC or ฿0.00000290 per share.
|
|
|
|
Zipmark is suppose to have something ready for us the 1st week of september. The sell feature with them might come online a bit sooner but we are still awaiting word from them. Thanks, -Ascension |
|
|
|
Order number is 10785. I've been waiting for a while now.
No BTC, no response, not even a response on the ticket I opened on their website with the ticket system.. for days.
When I placed the order, the bitcoin stock was 100. When I checked back after confirming payment, the stock was 0. I checked back today, and the BTC stock is 11.. But still no BTC? Hmm..
Your order has been processed. I have sent you an email with details on why the transaction was delayed. Thanks, -Ascension |
|
|
|
Whats the expected wait time after submitting payment and documentation?
Things have been delayed the last couple of days due to the sheer volume of membership applications. What is your membership order # and I will take a look. |
|
|
|
Are you having problems with the funds? I have my order, but its not funded yet. Thanks.
What is your order #? |
|
|
|
I just tried btcquick and they are out of coins. We will have more tomorrow morning around 7:00 AM MST |
|
|
|
Waiting on btcquick to approve my membership so I can buy BTC, been 24hrs so far grrrrr.
Please PM me your membership order #. |
|
|
|
i think i know whats going on hehe... my payment is actually processed as google said ... and my bank showing -239 when i placed my order btc stock was 100.... it was 100 for the whole week end... now its 0 its just there is so many order before me to get filled that you ran out of btc...i assume you could just say it that way or explain yourself...not always the fault of the customer thanks Sir, As I have said before your payment is still processing. Once the payment has been authorized by google and they notify us that the payment is confirmed we will process the order automatically. |
|
|
|
Just added Bitpay as a payment option!  pointless? people can buy from CanaryInTheMine or SilentSonicBoom for around 10.24-10.25 BTC or $960.00-$970.00 - You may want to revise your bitcoin pricing... |
|
|
|
I opened a ticket: Ticket #10677, and sent email regarding Order #10729. Any help would be appreciated.
Thanks.
We have responded to your support ticket. |
|
|
|
|
Show Posts
