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I plan to sell enough to cover my initial investment at 1200
I'll throw 50% of what remains into cavirtex and cbc and hope for some dividends over time while keeping the rest to play this most enjoyable of endeavors.... guessing the trends
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They are all still caught in the last trap crying
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442.0000
13VinSBgDcG4JJtWiKPkoBD3J1o7BGSK8D
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this is what I like to see, just wish I had seen it way sooner haha... sigh... My spidey senses are telling me to go all in but my brain keeps second guessing it.  Clear sign that a trap is coming... |
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I was just running some numbers on your stock price to possible dividend price at a profit of 70 btc per month and then comparing it to a sic miner
Seems we are paying about 10% more
But... As in miner is a dying stock and you are just getting started
Think I'll buy some more when I get home
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Some events happened last week, that have forced us to make a decision to go out of business. A lot of issues compounded to press us to do this. The failure of the Klondike project was one. Chase, our bank, shut down our accounts. Also the delay in the shipment of the chips has resulted in a lot of customers asking for refund. We already owe a lot of money to PayPal, and with all the refund requests, it is impossible for us to continue our operation profitably. So we have decided to dissolve the company.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
Shenanigans |
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You think they are going to refund btc without legal action?
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The only people worried about speculators are those that were part of the old "bitcoins are for discreet transaction club"
It is a new day where bitcoins will hopefully be the international money transfer system... "bitcoins are better than western union club"
I am sure there will be bitching again when bitcoins goes from a transfer system, to a backing for an entire system...
"Gold, money, not unless they are backed by bitcoins club"
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Any Canadians want to set up a group to see if we can get a lawyer to chase terrahash for bitcoins
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My thoughts as well 15% down 100% up
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All that said
Please let us know if you are going to give out a year end report.
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On the flip side of my last comment
Them not sending you an email was bunk...
Also I think it is about time for a financial report
... not having one out quarterly is a bit of a red herring
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abababab's concerns have since been addressed within our support ticket system.
NO they haven't. I missed notifications of the thread update otherwise I would have posted back sooner CaVirtex is now claiming that they were actually calculating dormant activity fees the whole time, but not charging them because of their own "development priorities". So all of a sudden in october it suits them to start charging, so they back-charge at todays rate rather than the rate at each of the dormant months that they were supposedly calculating. Totally fucked. Obviously they had an opportunity to clarify that in their announcement on the oct 15th but of course they didn't, saying only "This announcement is to notify all users that we will be commencing the billing of dormant account fees on October 23 2013 at 11:00AM (MST)." Again they also had an opportunity to email a notice to dormant accounts but this wouldn't net as much $$$ so they didn't. They ALSO had an opportunity above to clearly state that that is what accounts for the 4BTC fee and they didn't I'd also like to point out that they had an IPO for Havelock a while ago but then announced at the beginning of october that they couldn't deliver on their (first??) dividend ( http://blog.cavirtex.com/announcement-ceo-joseph-david) which included this as one of their two points: VirtEx is re-investing all revenues to grow our company and maintain our team of 15 employees, as well as investing in marketing and legal counsel.
Smells to me like they are growing unsustainably and/or mismanaging finances and have to pull cashgrabs like these. If they can't manage to run an exchange that is popular and well used and has already high fees without pulling shit like this then something is seriously wrong. Good thing they didn't charge you in btc from 2011 and 12 or you would have been owing well over 1 btc per month It was in the fine print, and you didn't read it 1 btc trade in the past year would have solved this problem |
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350 usd for 1 btc =btc china 2390 cny=397 usd
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... still have 10 hours to buy before North American banks open.....
but once bid sum on stamp and gox ramp up this baby is gonna take off,
im thinking one more double up before the next major correction
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If BTC_Count < 21,000,000
Acquire = True;
+1 There is never gonna enough. Get as much as you can while its still sub $1k Wow it was only a few months ago when this was being said with one less zero |
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Long live the chinese superstitions  Bitcoin is soon going to turn out to be a revolution Not anytime soon (if ever at all). Currently, Bitcoin is nothing more than an eye-catcher, ill-suited for any real purpose ..... dumb ass |
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