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Topic: Bitcoin ATM Canada - page 4. (Read 8289 times)

sr. member
Activity: 462
Merit: 250
November 07, 2013, 01:24:13 AM
#27
Anyone have any idea how much these atms are to buy?
hero member
Activity: 763
Merit: 500
November 07, 2013, 12:33:19 AM
#26
Right now we are offering a guaranteed dividend of .01 BTC per week for each share that you own. We'll be offering 60 shares at 0.5BTC each.

We have slightly changed our business model, which now will begin with us selling Bitcoins in person at our Gold Store, which will allow us to use the profit towards an ATM machine to be shipped in February 2014. (This is the earliest possible date the supplier quoted us).


Can you provide ID or identification of your incorporated company.  After all recent events don't expect to get the BTC you are asking for unless you prove you have nothing to hide.
ar9
sr. member
Activity: 352
Merit: 250
November 06, 2013, 11:16:21 PM
#25
On your site, the page to invest is labeled "Donation Form".

I would not be donating 0.5 BTC, I would be investing.  Please clarify.
member
Activity: 104
Merit: 10
November 06, 2013, 11:13:02 PM
#24
Right now we are offering a guaranteed dividend of .01 BTC per week for each share that you own. We'll be offering 60 shares at 0.5BTC each.

We have slightly changed our business model, which now will begin with us selling Bitcoins in person at our Gold Store, which will allow us to use the profit towards an ATM machine to be shipped in February 2014. (This is the earliest possible date the supplier quoted us).
member
Activity: 104
Merit: 10
November 06, 2013, 10:21:28 PM
#23
See here.

Thank you so much for posting this, I definitely agree with the majority of what's in the "So you think you want to start a BTC Company", however I don't think WOT is necessary.

I have been an active member on here for over a year, and have two successful Brick and Mortar Cash for Gold stores which I want to be able to trade BTC.

In your article, you want me to give you all of the information, because no one is going to steal my business model.

Help me help you help me make a success. Tell me what I need to do.

hero member
Activity: 756
Merit: 522
November 06, 2013, 08:46:29 PM
#22
See here.
member
Activity: 104
Merit: 10
November 06, 2013, 06:05:49 PM
#21
Looks like our earliest time frame to install the unit would be in Feb.

So at this time we are going to be setting up a bitcoin kiosk at our Gold store, and manually buy/sell bitcoins. Anyone in the area can come in and say hi and check us out.

We will be accepting cash only.

And since Btc is so volatile my ask for 125 btc is definitely a bit high, but we need some capital to exchange in our store. I do have local investors who are willing to put up the CAD, but id like my brick and mortar store to be active in the online community.

Id like to bring my request down to 30 btc, with a guaranteed interest. Id like to put everything on the table, and make this a great investment for both you (loaning the btc) and myself (supplying the location, customer education, and processing the trades)

We are looking to charge a 5% transaction fee on all trades, with an anticipated volume of $10k per week.
PeZ
sr. member
Activity: 297
Merit: 250
November 06, 2013, 12:39:50 AM
#20
You guys are in competition with Bitcoiniacs in Canada.
legendary
Activity: 1386
Merit: 1000
November 06, 2013, 12:18:50 AM
#19
This would be a good offer if you had:
1) Some skin in the game
2) A more detailed business plan
3) A better profit-sharing plan
hero member
Activity: 697
Merit: 501
November 05, 2013, 10:45:57 PM
#18
Love the idea, but asking for 25K for a machine that only costs that much and then keeping 60% to yourself is WAY too high.
This ⬆️

Cut that number in half and I'd buy in.
hero member
Activity: 658
Merit: 500
November 05, 2013, 04:19:56 PM
#17
couple questions.

Where is the business plan or prospectus?
Clean transactions? So you're policing transactions.
what's with free hosting? Couldn't a business of that scale have private hosting.
How do you justify 60% of the profits or startup cost?

well, buyer beware



+1 I am interesting in finding out more. but would be good if you addressed some of peoples concerns publicly.
People just want more informtation to understand. Smiley
legendary
Activity: 1121
Merit: 1003
November 05, 2013, 03:42:08 PM
#16
couple questions.

Where is the business plan or prospectus?
Clean transactions? So you're policing transactions.
what's with free hosting? Couldn't a business of that scale have private hosting.
How do you justify 60% of the profits or startup cost?

well, buyer beware


hero member
Activity: 602
Merit: 500
November 05, 2013, 03:30:20 PM
#15
You have failed at the basics of business as you have not bothered to address anything I've said.  gluck but my spidey sense is going off
sr. member
Activity: 280
Merit: 250
IIIIII====II====IIIIII
November 05, 2013, 02:47:53 PM
#14
It's difficult to ensure all Bitcoins that are being withdrawn are 'clean', and not drug related.

I don't quite follow this.
hero member
Activity: 763
Merit: 500
November 05, 2013, 02:17:36 PM
#13
Love the idea, but asking for 25K for a machine that only costs that much and then keeping 60% to yourself is WAY too high.
member
Activity: 104
Merit: 10
November 05, 2013, 02:12:29 PM
#12
Yes dividends are to be paid out in BTC.

Thank you to everyone who has bought shares, there are still shares remaining for anyone else who would be willing to help us out.

One thing that is making us hesitant about these machines is US Legislation, we all know that what the USA does, always creates a ripple effect here in Canada.  It's difficult to ensure all Bitcoins that are being withdrawn are 'clean', and not drug related.

Does anyone have any feedback in regards to US Legislation affecting Bitcoins stability?
sr. member
Activity: 476
Merit: 250
November 05, 2013, 05:17:37 AM
#11
If you want to be taken seriously don't use a wix website...
ar9
sr. member
Activity: 352
Merit: 250
November 04, 2013, 08:19:51 PM
#10
Proof that you're involved in the project?
newbie
Activity: 56
Merit: 0
November 04, 2013, 08:18:56 PM
#9
Very interesting... I heard about this.

I hope one opens up in NY sometime soon!
Great job and I'll certainly invest a few coins.
full member
Activity: 304
Merit: 102
November 04, 2013, 07:40:51 PM
#8
In case anyone was wondering, the estimated return from buying one share (0.5 BTC) after 12 months is $154.46.  ($96K / 40% / 250 shares)

So you'd get your money back after about 11 months and then it would be profit. 

The question is, is that a better use of your 0.5 BTC than just holding onto it in your wallet. 
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