How do they justify the high fee?
Is a result of a Google Checkout fee?
Are they registered/regulated as an MSB?
Is a result of a Google Checkout fee?
Are they registered/regulated as an MSB?
because bitinstant is dead
Topic: btcQuick proved to be an incredibly strong (Read 2617 times)
because bitinstant is dead
Any dividend predictions?
Quote
Bitcoins orders are automated
- We are still awaiting an update from Zipmark (should have one on the 26th). We are looking to have different limit structure for bank account transactions, but credit cards will remain the same for a while. We working on integration with miiCard so people can jump to the silver level right away.It's 27th now. What is feedback from zipmark?
We are still waiting on a response from Zipmark. The miiCard integration is complete and members can now automatically upgrade to silver if their miiCard account is verified.
update
Status: August 2013 Sales as of 08-26-2013 2:00 PM - $404,839.67! Number of orders so far this month 2,336
Status: August 2013 Sales as of 08-26-2013 2:00 PM - $404,839.67! Number of orders so far this month 2,336
With the increase in exchange rate, USD might not reflect the actual growth of turnover. How about in BTC?
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.
update
Status: August 2013 Sales as of 08-26-2013 2:00 PM - $404,839.67! Number of orders so far this month 2,336
Status: August 2013 Sales as of 08-26-2013 2:00 PM - $404,839.67! Number of orders so far this month 2,336
With the increase in exchange rate, USD might not reflect the actual growth of turnover. How about in BTC?
update
Status: August 2013 Sales as of 08-26-2013 2:00 PM - $404,839.67! Number of orders so far this month 2,336
Status: August 2013 Sales as of 08-26-2013 2:00 PM - $404,839.67! Number of orders so far this month 2,336
depends on return 
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).
How do they justify the high fee?
Is a result of a Google Checkout fee?
Are they registered/regulated as an MSB?
This. Is a result of a Google Checkout fee?
Are they registered/regulated as an MSB?
How do they justify the high fee?
Is a result of a Google Checkout fee?
Are they registered/regulated as an MSB?
Is a result of a Google Checkout fee?
Are they registered/regulated as an MSB?
As a fellow investor I share your enthousiasm vlaoou. However, trading btcQuick on BTCT won't change much IMO. I assume most of people able to invest substantial money and willing to do it have the same information we do. Consequently they know where to go if they're interested in joining the boat.
Justified，But many people do not know BTC QUICK, which is why I hope that the reasons for trading in BTCQUICK on btct I personally believe that BtCquick in the current growth dividend trend is worth more than 5x current valuation. A company that delivers 50%+ sustained monthly growth in revenue under high profitability in a market that grows. Yeah, that's multiples you do not mess around with.
agree 
I personally believe that BtCquick in the current growth dividend trend is worth more than 5x current valuation. A company that delivers 50%+ sustained monthly growth in revenue under high profitability in a market that grows. Yeah, that's multiples you do not mess around with.
As a fellow investor I share your enthousiasm vlaoou. However, trading btcQuick on BTCT won't change much IMO. I assume most of people able to invest substantial money and willing to do it have the same information we do. Consequently they know where to go if they're interested in joining the boat.
Share prices have soared to 0.00074
With the exponentiation growth shown so far the sky is the limit.
Share prices have soared to 0.00074
With the exponentiation growth shown so far the sky is the limit.
Share prices have soared to 0.00074
very cool, I would be interested in litecoin too
I don't know how many others would be, but there are inflows into that economy
The future may BTCT deal, you know what that means I don't know how many others would be, but there are inflows into that economy
actually I don't understand that sentence
I will buy shares if they're on BTCTC.co!
very cool, I would be interested in litecoin too
I don't know how many others would be, but there are inflows into that economy
The future may BTCT deal, you know what that means I don't know how many others would be, but there are inflows into that economy
actually I don't understand that sentence
I will buy shares if they're on BTCTC.co!
very cool, I would be interested in litecoin too
I don't know how many others would be, but there are inflows into that economy
The future may BTCT deal, you know what that means I don't know how many others would be, but there are inflows into that economy
actually I don't understand that sentence
very cool, I would be interested in litecoin too
I don't know how many others would be, but there are inflows into that economy
The future may BTCT deal, you know what that means I don't know how many others would be, but there are inflows into that economy
actually I don't understand that sentence
very cool, I would be interested in litecoin too
I don't know how many others would be, but there are inflows into that economy
The future may BTCT deal, you know what that means I don't know how many others would be, but there are inflows into that economy
interesting
they didn't stuff their pipe via aggressive ads or trickery did they?
They are legitimate，NO trickery,just like coinbase they didn't stuff their pipe via aggressive ads or trickery did they?
interesting
they didn't stuff their pipe via aggressive ads or trickery did they?
they didn't stuff their pipe via aggressive ads or trickery did they?
very cool, I would be interested in litecoin too
I don't know how many others would be, but there are inflows into that economy
I don't know how many others would be, but there are inflows into that economy
https://bitfunder.com/asset/btcQuick#pane_news
https://www.btcquick.com/beta/ ceo :Ascension
May to August's sales were
May revenue was $ 77,350.25
June revenue was $ 126,250.58
July 13, 2013 @ 21:45MST are $ 131,947.60!!!
Total sales for the month of July were $ 320,721.23
August 2013 Sales as of 08-14 0:00 PM - $210,548.93!
August 2013 Sales as of 08-20-2013 4:00 PM - $309,548.93! Number of orders so far this month 1,759
Status: August 2013 Sales as of 08-26-2013 2:00 PM - $404,839.67! Number of orders so far this month 2,336
Dividends
2013-08-16 13:04:53 50,000,000 ฿0.00000290 ฿145.00000000
2013-08-02 11:08:40 50,000,000 ฿0.00000188 ฿94.00000000
2013-07-16 20:30:18 50,000,000 ฿0.00000175 ฿87.50000000
2013-07-05 11:16:58 50,000,000 ฿0.00000135 ฿67.50000000
2013-06-16 15:56:44 50,000,000 ฿0.00000038 ฿19.00000000
2013-06-02 13:00:00 50,000,000 ฿0.00000031 ฿15.50000000
2013-05-16 14:00:16 50,000,000 ฿0.00000014 ฿7.00000000
2013-05-01 22:02:24 50,000,000 ฿0.00000010 ฿5.00000000
2013-04-23 12:22:48 50,000,000 ฿0.00000016 ฿8.00000000
2013-04-16 20:47:35 50,000,000 ฿0.00000025 ฿12.50000000
2013-04-11 02:13:46 50,000,000 ฿0.00000020 ฿10.00000000
GOOD NEWS
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
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).
Could be next ASICMINER
https://www.btcquick.com/beta/ ceo :Ascension
May to August's sales were
May revenue was $ 77,350.25
June revenue was $ 126,250.58
July 13, 2013 @ 21:45MST are $ 131,947.60!!!
Total sales for the month of July were $ 320,721.23
August 2013 Sales as of 08-14 0:00 PM - $210,548.93!
August 2013 Sales as of 08-20-2013 4:00 PM - $309,548.93! Number of orders so far this month 1,759
Status: August 2013 Sales as of 08-26-2013 2:00 PM - $404,839.67! Number of orders so far this month 2,336
Dividends
2013-08-16 13:04:53 50,000,000 ฿0.00000290 ฿145.00000000
2013-08-02 11:08:40 50,000,000 ฿0.00000188 ฿94.00000000
2013-07-16 20:30:18 50,000,000 ฿0.00000175 ฿87.50000000
2013-07-05 11:16:58 50,000,000 ฿0.00000135 ฿67.50000000
2013-06-16 15:56:44 50,000,000 ฿0.00000038 ฿19.00000000
2013-06-02 13:00:00 50,000,000 ฿0.00000031 ฿15.50000000
2013-05-16 14:00:16 50,000,000 ฿0.00000014 ฿7.00000000
2013-05-01 22:02:24 50,000,000 ฿0.00000010 ฿5.00000000
2013-04-23 12:22:48 50,000,000 ฿0.00000016 ฿8.00000000
2013-04-16 20:47:35 50,000,000 ฿0.00000025 ฿12.50000000
2013-04-11 02:13:46 50,000,000 ฿0.00000020 ฿10.00000000
GOOD NEWS
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
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).
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