Bitcoin ATM Canada - page 4. | Bitcointalksearch.org

superbit

hero member

Activity: 763

Merit: 500

Quote from: canuckgal on November 06, 2013, 10:13:02 PM

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.

canuckgal

member

Activity: 104

Merit: 10

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).

canuckgal

member

Activity: 104

Merit: 10

Quote from: MPOE-PR on November 06, 2013, 07:46:29 PM

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.

MPOE-PR

hero member

Activity: 756

Merit: 522

See here.

canuckgal

member

Activity: 104

Merit: 10

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

You guys are in competition with Bitcoiniacs in Canada.

twentyseventy

legendary

Activity: 1386

Merit: 1000

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

medicine

hero member

Activity: 697

Merit: 501

Quote from: superbit on November 05, 2013, 01:17:36 PM

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.

inspiredinvestor

hero member

Activity: 658

Merit: 500

Quote from: Vagnavs on November 05, 2013, 02:42:08 PM

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.

Vagnavs

legendary

Activity: 1121

Merit: 1003

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

superduh

hero member

Activity: 602

Merit: 500

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

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: canuckgal on November 05, 2013, 01:12:29 PM

It's difficult to ensure all Bitcoins that are being withdrawn are 'clean', and not drug related.

I don't quite follow this.

superbit

hero member

Activity: 763

Merit: 500

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.

canuckgal

member

Activity: 104

Merit: 10

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?

luke.watson

sr. member

Activity: 476

Merit: 250

If you want to be taken seriously don't use a wix website...

wmcleod

newbie

Activity: 56

Merit: 0

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.

shadallion

full member

Activity: 304

Merit: 102

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.

shadallion

full member

Activity: 304

Merit: 102

Dividends paid out in BTC, I assume?

It's not clear, because the investment form on your webpage doesn't include a field for investors' bitcoin addresses to receive those dividends.

superduh

hero member

Activity: 602

Merit: 500

please have a more detailed "business plan"
from what i gather 250 shares at .5 bitcoin each is 15 bitcoins
at today's rate that is about $26+ in CAD
this covers the cost of the machine 100%
yet the investors are getting 40% of the profits
so you are valuing your services at 60% with no "monetary contribution"
so your expertise and location are worth $35k CAD? and if so that you need to provide a bit more info as to why
i'm sure there will be eager "investors" that will jump in without even caring about anything but for the sake of a "smart investor" a bit more info would go a long way

inspiredinvestor

hero member

Activity: 658

Merit: 500

Quote from: canuckgal on November 04, 2013, 05:47:35 PM

The ATM will be located in a Gold Shop, where people trade gold for cash. Meaning we will be the first place that I know of, that will allow customers to trade their old jewellery for Bitcoins!

excellent Krysta thanks for the update. I am keen to get in on a ATM or two. and sounds like guys are making it happen in a grassroots kind of way. I'll send you my questions later to the email address above.

Are you concerned about the safety of the ATM. is it like in a Mall?

Topic: Bitcoin ATM Canada - page 4. (Read 8345 times)