Yep. I really want to figure out real world business integration, not just accepting it as a payment method.
Everytime I deal with a bank, I get pissed and just know bitcoin can provide a better option.
Topic: Gauge of interest - looking to raise 25 BTC in January for inventory (Read 3899 times)
January 21, 2015, 02:17:05 PM
January 21, 2015, 01:55:29 PM
Not mining hardware.
This is a real world service business.
The hardware is equipment - like, POS terminals, projectors, touchscreens, computers, cash drawers, DVR Camera systems, etc.
No wonder I got no interest. My description was clear us mud.
Duh.
This is a real world service business.
The hardware is equipment - like, POS terminals, projectors, touchscreens, computers, cash drawers, DVR Camera systems, etc.
No wonder I got no interest. My description was clear us mud.
Duh.
Aha, that does make more sense. Always risky to invest in fiat businesses with BTC though, so that may have been part of it. Would have done well lately, but that's the case with a falling BTC price.
January 21, 2015, 01:46:19 PM
Not mining hardware.
This is a real world service business.
The hardware is equipment - like, POS terminals, projectors, touchscreens, computers, cash drawers, DVR Camera systems, etc.
No wonder I got no interest. My description was clear us mud.
Duh.
This is a real world service business.
The hardware is equipment - like, POS terminals, projectors, touchscreens, computers, cash drawers, DVR Camera systems, etc.
No wonder I got no interest. My description was clear us mud.
Duh.
January 21, 2015, 10:47:03 AM
I would trade in and out of BTC every 30 days. So, this month, I would have traded out to cash at 25 BTC to $7875
and then if I traded out it would have gone from $12,300 back to 57.21 BTC.
and then if I traded out it would have gone from $12,300 back to 57.21 BTC.
Right, so I understand how a falling BTC price benefits you if you're selling first and buying back later. But how has the fall in price affected your sales? You're a hardware reseller, right?
January 21, 2015, 07:57:26 AM
I would trade in and out of BTC every 30 days. So, this month, I would have traded out to cash at 25 BTC to $7875
and then if I traded out it would have gone from $12,300 back to 57.21 BTC.
and then if I traded out it would have gone from $12,300 back to 57.21 BTC.
January 20, 2015, 10:55:22 PM
I'm still a little salty I didn't get this funded.
I was looking forward to see what I could make of this.
However, I've had the best January sales ever, and there's still 8 days left.
I did have to slow down purchasing equipment last week because we were getting backed up on the service that went along with it. So, that would have been surely frowned upon by investors. But, I didn't miss out on any sales - the invoicing will just spill into February.
Maybe next time.
I was looking forward to see what I could make of this.
However, I've had the best January sales ever, and there's still 8 days left.
I did have to slow down purchasing equipment last week because we were getting backed up on the service that went along with it. So, that would have been surely frowned upon by investors. But, I didn't miss out on any sales - the invoicing will just spill into February.
Maybe next time.
How has / do you expect the price decline affected / will affect your sales? Looks like it has hit all hardware manufacturers and vendors pretty hard.
January 20, 2015, 08:46:41 PM
I'm still a little salty I didn't get this funded.
I was looking forward to see what I could make of this.
However, I've had the best January sales ever, and there's still 8 days left.
I did have to slow down purchasing equipment last week because we were getting backed up on the service that went along with it. So, that would have been surely frowned upon by investors. But, I didn't miss out on any sales - the invoicing will just spill into February.
Maybe next time.
I was looking forward to see what I could make of this.
However, I've had the best January sales ever, and there's still 8 days left.
I did have to slow down purchasing equipment last week because we were getting backed up on the service that went along with it. So, that would have been surely frowned upon by investors. But, I didn't miss out on any sales - the invoicing will just spill into February.
Maybe next time.
December 06, 2014, 08:53:44 PM
So, explain why 120%-150% APY is preferable to 3%-5%?
The returns you're offering at 10%-15% as monthly dividends is in-line with loan sharks and cash advance companies.
The returns you're offering at 10%-15% as monthly dividends is in-line with loan sharks and cash advance companies.
I suspect his motivations are similar to yours
Its amazing how he pops up, but does not update his own thread lol.
December 06, 2014, 12:46:03 PM
November's numbers:
November 1st - I would have converted BTC27 to $9990
November Costs: $9,912
November Collections: $12,590
November 30th - I would have converted $12,668 to BTC33.5132
Rather than making this a long term security, maybe structuring it as a series of short term bonds.
November 1st - I would have converted BTC27 to $9990
November Costs: $9,912
November Collections: $12,590
November 30th - I would have converted $12,668 to BTC33.5132
Rather than making this a long term security, maybe structuring it as a series of short term bonds.
December 06, 2014, 12:28:46 PM
Will you be able to pay .1 btc per month if the price goes up to 1k per coin?
The cycle of purchase, sell, collect and rebuy is around 30 days.
So, I will do BTC/CASH exchanging often enough to cost average fluctuations.
I'm doing a 30 day simulation right now with different extremes to see what happens.
I'll build in as much protections/preventions in that I can.
In 2 weeks, either the data will paint a good or bad picture.
edit: I know I didn't really answer your question - let me work through the scenario and see what happens.
December 06, 2014, 12:04:59 PM
So, explain why 120%-150% APY is preferable to 3%-5%?
The returns you're offering at 10%-15% as monthly dividends is in-line with loan sharks and cash advance companies.
The returns you're offering at 10%-15% as monthly dividends is in-line with loan sharks and cash advance companies.
I suspect his motivations are similar to yours
December 06, 2014, 10:28:59 AM
Will you be able to pay .1 btc per month if the price goes up to 1k per coin?
December 04, 2014, 11:38:30 PM
When I was in high school and college, I couldn't get funding for anything.
I self-financed. It took many years to do something that should have been very easy.
I self-financed. It took many years to do something that should have been very easy.
December 04, 2014, 11:21:36 PM
That's correct. I deal in fiat.
There are some very brilliant people that banks and investors won't touch.
How many inventions and ideas sit on the shelf because someone can't get funding.
So, you are looking for an investment because investors will not invest in you?
Quote
Bitcoin opens opportunities well beyond the "unbankables"
December 04, 2014, 10:41:17 PM
It's such a small percentage of my business.
We're only talking about a few thousand dollars in the scheme of things.
I'm an activist for bitcoin and I want to see one friggen real-world business, funded by bitcoin, not crash and burn.
I am totally willing to give up a few percentage points to grow up a part of my business that gets no attention.
I'm going to grow a $10,000 per month, part of my business by 15% every month.
Besides, banks suck.
They may have cheap money - but, they're still soulless assholes.
We're only talking about a few thousand dollars in the scheme of things.
I'm an activist for bitcoin and I want to see one friggen real-world business, funded by bitcoin, not crash and burn.
I am totally willing to give up a few percentage points to grow up a part of my business that gets no attention.
I'm going to grow a $10,000 per month, part of my business by 15% every month.
Besides, banks suck.
They may have cheap money - but, they're still soulless assholes.
Why bother funding inventory in bitcoin? You are a fiat business, right?
If you are an established, real-world business with a good track record, why not go and get a fiat-based investment? Find some wealthy dude and woo him over with your 30% margins.
"Because Bitcoin Activism" seems like an odd business move.
That's correct. I deal in fiat.
There are some very brilliant people that banks and investors won't touch.
How many inventions and ideas sit on the shelf because someone can't get funding.
Bitcoin opens opportunities well beyond the "unbankables"
December 04, 2014, 10:24:12 PM
It's such a small percentage of my business.
We're only talking about a few thousand dollars in the scheme of things.
I'm an activist for bitcoin and I want to see one friggen real-world business, funded by bitcoin, not crash and burn.
I am totally willing to give up a few percentage points to grow up a part of my business that gets no attention.
I'm going to grow a $10,000 per month, part of my business by 15% every month.
Besides, banks suck.
They may have cheap money - but, they're still soulless assholes.
We're only talking about a few thousand dollars in the scheme of things.
I'm an activist for bitcoin and I want to see one friggen real-world business, funded by bitcoin, not crash and burn.
I am totally willing to give up a few percentage points to grow up a part of my business that gets no attention.
I'm going to grow a $10,000 per month, part of my business by 15% every month.
Besides, banks suck.
They may have cheap money - but, they're still soulless assholes.
Why bother funding inventory in bitcoin? You are a fiat business, right?
If you are an established, real-world business with a good track record, why not go and get a fiat-based investment? Find some wealthy dude and woo him over with your 30% margins.
"Because Bitcoin Activism" seems like an odd business move.
December 04, 2014, 09:05:36 PM
It's such a small percentage of my business.
We're only talking about a few thousand dollars in the scheme of things.
I'm an activist for bitcoin and I want to see one friggen real-world business, funded by bitcoin, not crash and burn.
I am totally willing to give up a few percentage points to grow up a part of my business that gets no attention.
I'm going to grow a $10,000 per month, part of my business by 15% every month.
Besides, banks suck.
They may have cheap money - but, they're still soulless assholes.
We're only talking about a few thousand dollars in the scheme of things.
I'm an activist for bitcoin and I want to see one friggen real-world business, funded by bitcoin, not crash and burn.
I am totally willing to give up a few percentage points to grow up a part of my business that gets no attention.
I'm going to grow a $10,000 per month, part of my business by 15% every month.
Besides, banks suck.
They may have cheap money - but, they're still soulless assholes.
December 04, 2014, 06:42:49 PM
So, explain why 120%-150% APY is preferable to 3%-5%?
The returns you're offering at 10%-15% as monthly dividends is in-line with loan sharks and cash advance companies.
The returns you're offering at 10%-15% as monthly dividends is in-line with loan sharks and cash advance companies.
December 04, 2014, 05:55:19 PM
My target is more like 10-15% monthly dividends.
1 BTC invested
0.1 - 0.15 BTC per month.
1 BTC invested
0.1 - 0.15 BTC per month.
December 04, 2014, 01:28:47 PM
Why not a SBA loan or a bank line of credit? The terms they should be able to offer you should be superior to any a equity investor could offer here (Think 3%-6%). With a track record like you say you have, it should be very, very easy to do.
I'm sorry if I gave the impression I was lacking options.
I could handle this using conventional financing or cash reserves.
I just don't want to.
It's just paper - and rather than a bank hold my paper, or tying up cash - I think this part of my business is a good candidate for investors.
If there is sufficient interest, I'm going to put a plan together that allows me to still be a bitcoin activist as well as be competitive with what the market can provide.
So, you are offering APY yields similar to that of a bank (3%-6%) to be clear? Is this based on BTC value or USD value?
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