Topic: [Bit Funder] [btcquick] [Rising profits] - page 10. (Read 42853 times)

How  do you know the numbers?

can we transfer bf shares to btcquick account on BF and exchange those for directshares with btcquick until on another exchange?

A proposal to help US investors of this stock:

As we know, this stock, unlike most others, has sound foundation and solid dividend. If not for the BF issue, the share price will be well above 0.0003. US investors, however, have to sell this stock at current market price, which is pretty unfair if they believe the price will rise after everything calms down. They could at least lose much less if they could stay in the market for two to three months.

So how about instead of selling shares at current market price, US investors (or other investors don't want to submit documents) sell a contract to verified investors. By selling the contract, he could benefit a higher return if the share price recovers in certain period.

The contract includes the following elements (amount, current price, target price, expire date, commission). Then
1) The buyer sends BTC (amount * target price - commission) to an escrow service.
2) The seller transfers the shares to the buyer.
3) Once buyer receives the shares, she/he releases (amount * current price) in the escrow to the seller.
4) If the market price exceeds (strictly larger than) the target price any time before the expire date, the rest in escrow will be released to the seller.
5) Otherwise, the rest in the escrow will be returned back to the buyer on the expire date.

This proposal has various advantage.
1) It's like an option escrowed out of the stock market, so once the contract is sold, the seller can safely leave the BF.
2) The seller does not need to trust the buyer, vice versa.
3) This is a one-time contract without future trading so it is much easier than a private proxy service, which is too complex for an escrow service.
4) Since this is a one-to-one one-time contract, there should be much less legal issues compared with a proxy service.

Any thoughts? If you are US investors (or other investors don't want to stay in BF), are you interested in this contract?

For example, personally I can accept buying a contract as (60000, 0.0001, 0.00025, Jan 10 2014, 0.9BTC) if I pass the verification of Weexchange.  Target price can be any value between 0.0002 to 0.0004 as long as the commission = 10% * amount * (target price - current price).

Yes, it will be unavailable to U.S. residents on Nov 1. Check the Bitfunder homepage, and this discussion: https://bitcointalksearch.org/topic/bitfunder-wtf-bitfunder-restrictions-to-us-citizens-308026

maybe i missed the news but is bitfunder no longer available to people in the US?

With share price so low, and an expected dividend that's very nice, it'd be a steal right now.  Especially with the good press.

Eagerly waiting for news of direct shares or migration or something   

Congrats! Good Article.
http://www.coindesk.com/bitcoin-sales-service-btcquick-hits-nearly-2m-sales/

Nice suggestion!

Yea, to be able to execute trades.  Prices are going to bottom out WAY before that.

If you're in the US you have until Nov. 1. So plenty of time for things to get resolved.

I know that may be difficult, but If its possible, I would really like that option. I am trying to get all my coins out of BitFunder but I do not want to sell my BtcQuick shares.

How about giving option to shareholders (especially US citizens) to turn the shares into direct shares?
I think the low price is more or less due to the fact US shareholders can no longer hold their share via bitfunder. Turning the shares into direct shares will be able to keep US shareholders (long term investment ones)

the date is more or less the same as september

Good to hear some positive news regarding ANY bitcoin security, thanks for the update on the sales this month. 

I like BTCquick, used there service and like there business model. Sales are growing as is there customer base.
These are all good things! There are very few companies on bitfunder that have this strong a product.

BTCquick could do a better job reporting details but in all there is no reason financially for this low stock price.

Move this asset as far away from bitfunder as possible, there are other options out there.
 

So i just saw

 $132,824.03! Number of orders so far this month 736 - as of yesterday

At this rate BTCQUICK should do $400,000 in sales by the end of the month,

people are over reacting with the biutfunder news, the share price shouldn;t be this low

For those "unverified" users, is it possible for you to deposit divs directly to the btc address of btcquick shareholders? If that's OK, I think the current share price is a good deal.

I'm considering holding them until the price rises a bit. But i have 150k+ potentially for sale.

Very jealous of the firesale going on....

Looks like almost 1.5 MM has been tanked off. Probably roughly another  8.5 MM to go this month from US investors?

You take paypal? I'm short on BTC

Updated with what?  There isn't much you can do, markets react to new how they want to react.