So, nobody has heard from this guy so the rest is history. What's the deal with this? All should be looking forward to good times at this point.\, but not so much.
No, FASBIT seems to be pretty much dead. What a pity, it could be a good project.
Topic: FASBIT - THE EXCHANGE YOU OWN. (Read 6993 times)
No, FASBIT seems to be pretty much dead. What a pity, it could be a good project.
So, nobody has heard from this guy so the rest is history. What's the deal with this? All should be looking forward to good times at this point.\, but not so much.
Look like good project
Yo!
Let's try and get this revived! I can help. Email me bitcoin to:
1D39PmRbjneCcKwe49dzns6WmzaaJ7trsc
Check out my Crytostocks review:
http://coincurrencynews.com/2015/02/24/groupfunding-with-bitcoin/#respond
Bought some stock and now want to start trading on the exhcnage -- even if it is just with a few currencies as a beta tester.
email me at [email protected] and we can start getting things going.
My partners at www.7cbit.com who run a commodities exchange are also interested, and we can help promote it.
We would also like to see the cost of buyin go up for shares going forward to up the ante.
Change it from .0001 to .002 and that will speed things along as I approach some of new investors. Once the ante has been raised, then I will get my group to invest, which will provide more funds to get everything properly setup.
Also look at making a conection with RETURN listed on Crypto as being the Fiat Group who handles the direct deposit and partner with www.debitway.com so people can buy directly to the site.
Let me know if you need any marketing materials or and corporate minute book or legal stuff taken care of and I can assemble a more professional package.
My fees are .07 per article or review and .25BTC for a 10 page professional document with investment forecast returns, top Alt Coins, Margins, and other Trading Plays.
As soon as you can get me access I can start doing Coin Reviews at the Coincurrencynews.com site, as well as start establishing a list of exchanges across the internet to start making a listserv of all the different nodes.
Thanks.
Let's try and get this revived! I can help. Email me bitcoin to:
1D39PmRbjneCcKwe49dzns6WmzaaJ7trsc
Check out my Crytostocks review:
http://coincurrencynews.com/2015/02/24/groupfunding-with-bitcoin/#respond
Bought some stock and now want to start trading on the exhcnage -- even if it is just with a few currencies as a beta tester.
email me at [email protected] and we can start getting things going.
My partners at www.7cbit.com who run a commodities exchange are also interested, and we can help promote it.
We would also like to see the cost of buyin go up for shares going forward to up the ante.
Change it from .0001 to .002 and that will speed things along as I approach some of new investors. Once the ante has been raised, then I will get my group to invest, which will provide more funds to get everything properly setup.
Also look at making a conection with RETURN listed on Crypto as being the Fiat Group who handles the direct deposit and partner with www.debitway.com so people can buy directly to the site.
Let me know if you need any marketing materials or and corporate minute book or legal stuff taken care of and I can assemble a more professional package.
My fees are .07 per article or review and .25BTC for a 10 page professional document with investment forecast returns, top Alt Coins, Margins, and other Trading Plays.
As soon as you can get me access I can start doing Coin Reviews at the Coincurrencynews.com site, as well as start establishing a list of exchanges across the internet to start making a listserv of all the different nodes.
Thanks.
Yea I actually own a couple of these shares, hes in kansas city correct?
I thought he was in Oklahoma city.
Yea I actually own a couple of these shares, hes in kansas city correct?
Looks like he is back.
Dividend payment was made today (7/15/14) on FASBIT.
Looks like he's mia again. Hopefully we hear something from him relatively soon. Would love to hear whether or not he got his heating/power issues resolved and got those other units back online and what the plan for the future is insofar as hashrate expansion...if there is one. Dividend payment was made today (7/15/14) on FASBIT.
Looks like he is back.
Dividend payment was made today (7/15/14) on FASBIT.
Dividend payment was made today (7/15/14) on FASBIT.
did he say anything about the websites?
Website(s) down. fasbit MIA (yet again).Everything this man is involved in is obviously a scam. Hasn't replied to numerous e-mails. Last excuse was didn't have access to the internet. Who in the hell run's three crypto-based digital assets and leaves town for weeks at a time without internet access? I'll tell ya, somebody researching relocation destinations that don't have extradition agreements with the states thats who.
Highly suspect. Recommend avoiding all 3 (fas,fasbit,grid)
Haven't heard anything. And now it's looking as though he's MIA yet again!
did he say anything about the websites?
Well fellas...it appears as though I may have actually jumped the gun when I posted some negative feedback on fasbit's forum. According to his last crypto::stocks update he has been out of town far away from technology and supposedly fasbit dividend coming in this evening.
Not entirely convinced this isn't still scammy behavior but I do feel obligated to delete the negative trust I posted on his account if he remains true to his word and will do so right after seeing the dividend hit my account.
Edit: dividend(s) for all three asset's (grid,fas,fasbit) have been paid. Removing negative trust that I posted to his account.
Not entirely convinced this isn't still scammy behavior but I do feel obligated to delete the negative trust I posted on his account if he remains true to his word and will do so right after seeing the dividend hit my account.
Edit: dividend(s) for all three asset's (grid,fas,fasbit) have been paid. Removing negative trust that I posted to his account.
Did you not do due diligence?
Did not have the DOX power that I have now or I would have.
Yup with no dividends for 20+ days now site is down as well.
I own some of these shares so I will be tracking this guy down and asking him WTF is going on.
This guy has a criminal record great
Case Number ID:13747544CF20102093
Category:Criminal/traffic
Charges Filed Date:06/02/2010
Offense Date: N/A
Offense Code:21 O.S. 1451
Offense Description:EMBEZZLEMENT (EMB)
Source:Tulsa.ok
Case Type:Felony
Source Name:OK Tulsa District Court
Source State:OK
Great...why am I not surprised it's for embezzlement? I own some of these shares so I will be tracking this guy down and asking him WTF is going on.
This guy has a criminal record great
Case Number ID:13747544CF20102093
Category:Criminal/traffic
Charges Filed Date:06/02/2010
Offense Date: N/A
Offense Code:21 O.S. 1451
Offense Description:EMBEZZLEMENT (EMB)
Source:Tulsa.ok
Case Type:Felony
Source Name:OK Tulsa District Court
Source State:OK
Did you not do due diligence?
Yup with no dividends for 20+ days now site is down as well.
I own some of these shares so I will be tracking this guy down and asking him WTF is going on.
This guy has a criminal record great
Case Number ID:13747544CF20102093
Category:Criminal/traffic
Charges Filed Date:06/02/2010
Offense Date: N/A
Offense Code:21 O.S. 1451
Offense Description:EMBEZZLEMENT (EMB)
Source:Tulsa.ok
Case Type:Felony
Source Name:OK Tulsa District Court
Source State:OK
I own some of these shares so I will be tracking this guy down and asking him WTF is going on.
This guy has a criminal record great
Case Number ID:13747544CF20102093
Category:Criminal/traffic
Charges Filed Date:06/02/2010
Offense Date: N/A
Offense Code:21 O.S. 1451
Offense Description:EMBEZZLEMENT (EMB)
Source:Tulsa.ok
Case Type:Felony
Source Name:OK Tulsa District Court
Source State:OK
Fasbit definitely looking suspect imho. Buyer beware: grid, fas, fasbit
It's an interesting project, but looking GRID is the same owner, never buy it.
I think this is another scam as grid
I think this is another scam as grid
Keeping an eye on this....
That looks strange.
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
I think you have something wrong on your math.
,0001 BTC x 450.00 USD = .045 USD per share - that is pretty close to .05 USD
PS... Dont mail me a nickle...
Are you sure you don't want cents and nickles, wasen't there metal value above the fiat value before, maby not anymore and i guess the usgov's silly law from a few years ago against melting down coins should prevent profit from those coins anyway.
yea...they switched to zinc with copper coating... i dont know why we even have pennies or nickels...they are worthless..
maybe if you have a few thousand of them laying around...im game... i will even take SEK ... isnt that your currency?
[/quote]
Yea Sweden still have SEK as there currency, no Euro here, even thou we're part of EU nowadays, so when i'm in Sweden that's still our local currency here. But who uses fiat these days, isen't USA more or less bankrupt like Greece now to, we should probably all skip the worthless paper money's for good and only use gold or BTC in the future.
what in the christ
you guys need a cerodon in here to keep order
you guys need a cerodon in here to keep order
That looks strange.
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
I think you have something wrong on your math.
,0001 BTC x 450.00 USD = .045 USD per share - that is pretty close to .05 USD
PS... Dont mail me a nickle...
Are you sure you don't want cents and nickles, wasen't there metal value above the fiat value before, maby not anymore and i guess the usgov's silly law from a few years ago against melting down coins should prevent profit from those coins anyway.
[/quote]
yea...they switched to zinc with copper coating... i dont know why we even have pennies or nickels...they are worthless..
maybe if you have a few thousand of them laying around...im game... i will even take SEK ... isnt that your currency?
That looks strange.
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
I think you have something wrong on your math.
,0001 BTC x 450.00 USD = .045 USD per share - that is pretty close to .05 USD
PS... Dont mail me a nickle...
[/quote]Yes 0.045 usd is pretty close to 0.05 usd but i thought ".05 cents USD" meant 0.05 US cents or 0.0005 USD.
Are you sure you don't want cents and nickles, wasen't there metal value above the fiat value before, maby not anymore and i guess the usgov's silly law from a few years ago against melting down coins should prevent profit from those coins anyway.
That looks strange.
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
I think you have something wrong on your math.
,0001 BTC x 450.00 USD = .045 USD per share - that is pretty close to .05 USD
PS... Dont mail me a nickle...
0.05 cents does not equal 0.05 dollars.
Ah.. yes... it does not...I will adjust the language to match the math!!
I can always count on you to make sure my mistakes are well documented..
That looks strange.
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
I think you have something wrong on your math.
,0001 BTC x 450.00 USD = .045 USD per share - that is pretty close to .05 USD
PS... Dont mail me a nickle...
0.05 cents does not equal 0.05 dollars.
That looks strange.
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
[/quote]
I think you have something wrong on your math.
,0001 BTC x 450.00 USD = .045 USD per share - that is pretty close to .05 USD
PS... Dont mail me a nickle...
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
[/quote]
I think you have something wrong on your math.
,0001 BTC x 450.00 USD = .045 USD per share - that is pretty close to .05 USD
PS... Dont mail me a nickle...
This is a revolution. Get on board. We will own the exchange together... as a community. This will change the cryto community.
I will accept fiat deposits for shares also.
US Postal Money Order or equal from your country.
Mail to:
Fasbit Inc
427 S Boston Ave #701
Tulsa, OK 74103.
All fiat will be converted to shares at rate of .05 cents USD per share.
Attach a note with your cryptostocks email address... written clearly...
You can also follow it up with an email...
Same day credit
./fasbit
That looks strange.I will accept fiat deposits for shares also.
US Postal Money Order or equal from your country.
Mail to:
Fasbit Inc
427 S Boston Ave #701
Tulsa, OK 74103.
All fiat will be converted to shares at rate of .05 cents USD per share.
Attach a note with your cryptostocks email address... written clearly...
You can also follow it up with an email...
Same day credit
./fasbit
Cryptostocks price 0.0001 btc @ 450 usd/btc => 0.045 usd or 4.5 cents per share
Fiat sent to your address 0.05 cents per share => 0.00000111 btc per share, only 1.11% of the price per share you charge at cryptostocks ??
i am not paying you dogs until you can prove that your virus affects christians
can you get your boss on the line
can you get your boss on the line
This is a revolution. Get on board. We will own the exchange together... as a community. This will change the cryto community.
I will accept fiat deposits for shares also.
US Postal Money Order or equal from your country.
Mail to:
Fasbit Inc
427 S Boston Ave #701
Tulsa, OK 74103.
All fiat will be converted to shares at rate of .05 cents USD per share.
Attach a note with your cryptostocks email address... written clearly...
You can also follow it up with an email...
Same day credit
./fasbit
I will accept fiat deposits for shares also.
US Postal Money Order or equal from your country.
Mail to:
Fasbit Inc
427 S Boston Ave #701
Tulsa, OK 74103.
All fiat will be converted to shares at rate of .05 cents USD per share.
Attach a note with your cryptostocks email address... written clearly...
You can also follow it up with an email...
Same day credit
./fasbit
ur so drunk...
whtat...
what is the requirement to join this community...
pisss....
sorry...
urinating...
can you deliver clicks separated by christian vs. muslim this is very important we need to introduce a virus that only affects one of them
I only aspire to be drunk...
but the entry fee is time or BTC or USD or EUR or CHY... any fiat you got pal
This is a revolution. Get on board. We will own the exchange together... as a community. This will change the cryto community.
I will accept fiat deposits for shares also.
US Postal Money Order or equal from your country.
Mail to:
Fasbit Inc
427 S Boston Ave #701
Tulsa, OK 74103.
All fiat will be converted to shares at rate of .05 cents USD per share.
Attach a note with your cryptostocks email address... written clearly...
You can also follow it up with an email...
Same day credit
./fasbit
I will accept fiat deposits for shares also.
US Postal Money Order or equal from your country.
Mail to:
Fasbit Inc
427 S Boston Ave #701
Tulsa, OK 74103.
All fiat will be converted to shares at rate of .05 cents USD per share.
Attach a note with your cryptostocks email address... written clearly...
You can also follow it up with an email...
Same day credit
./fasbit
ur so drunk...
whtat...
what is the requirement to join this community...
pisss....
sorry...
urinating...
...
...
....
can you deliver clicks separated by christian vs. muslim this is very important we need to introduce a virus that only affects one of them
This is a revolution. Get on board. We will own the exchange together... as a community. This will change the cryto community.
I will accept fiat deposits for shares also.
US Postal Money Order or equal from your country.
Mail to:
Fasbit Inc
427 S Boston Ave #701
Tulsa, OK 74103.
All fiat will be converted to shares at rate of.05 5 cents USD per share.
Attach a note with your cryptostocks email address... written clearly...
You can also follow it up with an email...
Same day credit
./fasbit
I will accept fiat deposits for shares also.
US Postal Money Order or equal from your country.
Mail to:
Fasbit Inc
427 S Boston Ave #701
Tulsa, OK 74103.
All fiat will be converted to shares at rate of
Attach a note with your cryptostocks email address... written clearly...
You can also follow it up with an email...
Same day credit
./fasbit
“Trading on Margin” Made Simple
“Trading on Margin” means you get a loan from the house account and then you trade with the leveraged amount and use your money as security deposit for the loan payment.
No credit check is required. You can make money even if the currency price goes down instead of up.
Research a currency pair.
Guess which way a currency will move, up or down.
Open a trade on margin (lets say 50:1) a ”buy” or a “sell.”
If you guess right – your winnings are magnified 50x.
If you guess wrong – your losses are magnified 50x
Example: Lets say you have 1 BTC to play with. You borrow 50 BTC on margin. You now control 50 BTC worth of trading volume and only have to have 1 BTC as security. If the currency you chose moves your direction 1%, you make 1% of 50 BTC or .50 BTC. After you close the trade, you have 1.5 BTC (less margin fee) on a 1% movement. If the price moves against you, you could lose .50 BTC if you close the trade. If you have enough security in your account, you could just wait for the trade to come back positive, then close out the trade, otherwise you vut your losses. It is possible to make 50% return in a matter of minutes or seconds in this example. The more security you carry in your account, the safer the trade will be for you. You can even trade on margin betting the currency price will drop instead of rise. All you have to do is chose well before you open the trade. Trading on margin is not for everyone.
You neglect to mention that, at 50X leverage, you stand to lose everything if the price moves 2% against you. "All you have to do is choose well before you open the trade" is right.
You are correct. However please note: 1) no one is required to trade on margin and 2) I traded on 50:1 margin for many years and protected my self by having plenty of security in my account to avoid a margin call.
“Trading on Margin” Made Simple
“Trading on Margin” means you get a loan from the house account and then you trade with the leveraged amount and use your money as security deposit for the loan payment.
No credit check is required. You can make money even if the currency price goes down instead of up.
Research a currency pair.
Guess which way a currency will move, up or down.
Open a trade on margin (lets say 50:1) a ”buy” or a “sell.”
If you guess right – your winnings are magnified 50x.
If you guess wrong – your losses are magnified 50x
Example: Lets say you have 1 BTC to play with. You borrow 50 BTC on margin. You now control 50 BTC worth of trading volume and only have to have 1 BTC as security. If the currency you chose moves your direction 1%, you make 1% of 50 BTC or .50 BTC. After you close the trade, you have 1.5 BTC (less margin fee) on a 1% movement. If the price moves against you, you could lose .50 BTC if you close the trade. If you have enough security in your account, you could just wait for the trade to come back positive, then close out the trade, otherwise you vut your losses. It is possible to make 50% return in a matter of minutes or seconds in this example. The more security you carry in your account, the safer the trade will be for you. You can even trade on margin betting the currency price will drop instead of rise. All you have to do is chose well before you open the trade. Trading on margin is not for everyone.
You neglect to mention that, at 50X leverage, you stand to lose everything if the price moves 2% against you. "All you have to do is choose well before you open the trade" is right.
Do you have any projections of what revenues you expect from the btc margin loans and how often you expect to pay divs.
Like what kind of interest rate are you looking at ?
This is in the works. Its not totally settled because of the crypto side of things. These rates are fairly well established through the industry on all of the Fiat trading. Most Forex brokers use a liquidity provider to obtain the funds, lend them to the traders and charge something larger than they pay the liquidity providers. That scenario doesn't really exist in the crypto currency world. So...hence my non-answer.
I may be able to program in a profit split on crypto margin that would act like an interest rate, this is all still in the works as far as precisely how it will be done.
/fabit
Do you have any projections of what revenues you expect from the btc margin loans and how often you expect to pay divs.
Dividends will be paid weekly.
I am working on projections... but it really hard to say... there are sooooooooooo many new exchanges out there...
But with the whole China thing... Im thinking of really pushing for chinese to trade on the site... offshore to them...
/fasbit
Like what kind of interest rate are you looking at ?
Also, I noticed you already have FINCEN registration for all US states, but do you have a money transmitter license from any jurisdiction?
Money Transmission: Technically we will be exempt from the money transmission license in the US since our bank account is in Panama (Panama uses the US Dollar), but just in case and just as a precaution, we are going to get the Money Transmission license in Oklahoma, where the management office is located. Part of the funds we raise will be used to pay the bond fee to get the license. I think the US is very serious about Money Transmission laws and I dont want to take any chances on a "grey area" so extra caution is our rule on that issue.
/fasbit
Do you have any projections of what revenues you expect from the btc margin loans and how often you expect to pay divs.
Dividends will be paid weekly.
I am working on projections... but it really hard to say... there are sooooooooooo many new exchanges out there...
But with the whole China thing... Im thinking of really pushing for chinese to trade on the site... offshore to them...
/fasbit
Like what kind of interest rate are you looking at ?
Also, I noticed you already have FINCEN registration for all US states, but do you have a money transmitter license from any jurisdiction?
Do you have any projections of what revenues you expect from the btc margin loans and how often you expect to pay divs.
Dividends will be paid weekly.
I am working on projections... but it really hard to say... there are sooooooooooo many new exchanges out there...
But with the whole China thing... Im thinking of really pushing for chinese to trade on the site... offshore to them...
/fasbit
Do you have any projections of what revenues you expect from the btc margin loans and how often you expect to pay divs.
If you lost money on Coinex its YOUR fault. The ONLY safe storage system is your home computer with a quick USB back up or a paper wallet if you have sizable stash. Why would anyone leave coins on ANY exchange? Mt Gox? Poloniex? Coinex, [Insert name of next one here]?. Its coming... it will happen and everyone will run around say [Insert name of next one here] is a scam. In reality it takes lots of sheep, yes sheep (followers) to pull off this type of stunt... It doesn't take hackers... it takes "stoopid"....
How does your previous advice apply to your current offering?
My frustration with exchanges and losses by many many people prompted me to do something about it... not just sit around on my laurels... and this IS a solution...
If you lost money on Coinex its YOUR fault. The ONLY safe storage system is your home computer with a quick USB back up or a paper wallet if you have sizable stash. Why would anyone leave coins on ANY exchange? Mt Gox? Poloniex? Coinex, [Insert name of next one here]?. Its coming... it will happen and everyone will run around say [Insert name of next one here] is a scam. In reality it takes lots of sheep, yes sheep (followers) to pull off this type of stunt... It doesn't take hackers... it takes "stoopid"....
How does your previous advice apply to your current offering?
Revolutionary: No Trading Fees
Revolutionary: Community Owned
Revolutionary: 100% Transparency
Revolutionary: Insured Against Loss.
Revolutionary: Legal & Registered
Fasbit Exchange Shares on Sale Now.
https://cryptostocks.com/securities/84
Fasbit – Crypto-Currency Trading on Margin! - Community Owned
Pro-Forma: Fasbit, Inc, a registered foreign exchange management company, has contracted with a software development company to adapt existing fiat FOREX software to BTC & LTC trading. This software is time tested on fiat FOREX and VERY VERY safe. This new site will trade all major fiat pairs AND fiat to BTC & LTC!! For example, you can trade USD/EUR, EUR/LTC and CHY/BTC on the same site! The software is already built and tested. We are simply adapting the software to crypto-currency.
What's different? Why yet another currency exchange?
This is 100% NOT WHAT YOU see in the crypto world.
No trading fees. - Really. No trading fees forever.
No Hot Wallet Security Issues – All crypto will be stored in offline cold wallet.
All major Fiat currencies traded against each other and against BTC & LTC.
We have an option to obtain up to 1600 existing trading pairs!!
Trade on Margin!!! <<< The real advantage here.
Amazing Charts, Hundreds of Charts. Educational Materials.
State of the Art Hosting.
We promise no fractional reserves and will supply proof of liquidity after each weekly audit.
So if there is no trading fee, How will Fasbit make money and pay investors?
The bulk of the funding will come from fees to margin traders. They cant borrow that money for free! These fees are very lucrative and highly liquid.
Once dividends are declared, we will pay out weekly.
Banking
Once the site is up and running, clients will be able to fund their fiat account in any currency base they wish, by bank wire, or postal money order.
KYC verified clients will enjoy exceptionally fast fiat withdraws of less than 24hours.
“Trading on Margin” Made Simple
“Trading on Margin” means you get a loan from the house account and then you trade with the leveraged amount and use your money as security deposit for the loan payment.
No credit check is required. You can make money even if the currency price goes down instead of up.
Research a currency pair.
Guess which way a currency will move, up or down.
Open a trade on margin (lets say 50:1) a ”buy” or a “sell.”
If you guess right – your winnings are magnified 50x.
If you guess wrong – your losses are magnified 50x
Example: Lets say you have 1 BTC to play with. You borrow 50 BTC on margin. You now control 50 BTC worth of trading volume and only have to have 1 BTC as security. If the currency you chose moves your direction 1%, you make 1% of 50 BTC or .50 BTC. After you close the trade, you have 1.5 BTC (less margin fee) on a 1% movement. If the price moves against you, you could lose .50 BTC if you close the trade. If you have enough security in your account, you could just wait for the trade to come back positive, then close out the trade, otherwise you vut your losses. It is possible to make 50% return in a matter of minutes or seconds in this example. The more security you carry in your account, the safer the trade will be for you. You can even trade on margin betting the currency price will drop instead of rise. All you have to do is chose well before you open the trade. Trading on margin is not for everyone.
Shares
Shares cost .0001 BTC each
Software Developers
http://www.sirixtrader.com/
Demo Site of the software: http://goo.gl/FN9rof
Legal
Seller of FASBIT shares: Fasbit, Ltd – Cayman Islands. Owners of the shares are promised and entitled to proportional share of any dividends issued by the company. 100% of all dividends will be paid out to share holders.
Site Managed by: Fasbit Inc - Tulsa, OK (Registered US Treasury and FinCEN & State of Oklahoma) – Fasbit, Inc is a contract manager of Fasbit, Ltd and performs background checks on clients and assures compliance with US, CI and international Anti-Money Laundering, and Know you client regulations.
Other Fasbit Projects:
FAS – Scrypt Farm. GPU and ASIC mining
GRID – ASIC group buy and pool. 100+ Gridseed miners running 24/7
C-NOTE – Our own experimental crypto-currency
/fasbit
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