I am looking for investors who might be looking for a change from the same old same old avenues. My company is mining Crypto Currencies and we have an opportunity for investor's to get involved. We are an Australian company registered with ASIC. And our Investment offer's returns equal to 20-40% per annum. Currently running at 27%.
Where can i find people who might be interested in having a look at what we offer ?
I call hundreds of Australian's a week and many have not even heard of this industry.
here is a brief introduction to what we do ...
What is Bitcoin Mining ... How it works.
Mining Bitcoin is a bit like a bank taking fee's when you use an ATM.
Around the world approximately 250 thousand times a day there are transactions made between two parties , buying and selling Bitcoin. Everytime one of those transactions happens , it needs to be verified as true and correct.
This verification is done by very powerful computers that solve algorithm's that each transaction create's. The first computer to solve the algorithm gets paid a fee in Bitcoin. This is how Bitcoin is minted. After the first computer solves the algorithm then multiple other computers also check to see if the transaction is true and correct before the transaction is deemed successful. However only the first computer gets paid.
This is called Proof of Work.
The investment opportunity , would be a great conversation !
I know that there is a market for cryptocurrencies, but for the life of me I cannot understand where the value lies. the currency itself is not regulated, nor is it backed by the guarantee of a government or a reserve bank. I have never seen anyone advertise to sell a product or service in Bitcoin, so I dont actually know what I can buy with my bitcoins.
But somehow there seems to be a demand for the cryptocurrency. I suppose its much like demand for diamonds, or gold: you cant eat it, you cant spend it, but you can trade it......is that a reasonable analogy???
My (very) limited reading on the subject tells me that there are a finite number of algorithms that can be calculated with current computing technology, so we are talking about a finite resource.....which you are mining. Where does the cost of production exceed its market value???
Another thing that I dont understand is the 250,000 transactions trading in Bitcoin.......people are buying bitcoin and selling bitcoin and the process of verification means that someone else gets paid in bitcoin: who pays this fee?? the bitcoin buyer or the bitcoin seller???? is the act of solving the algorithm the thing that creates a bitcoin? how do you know that the bitcoin even exists....and where does it live??? and how can I sell my bitcoins to someone else????
The more I think about it the more confused I get.......
So can you break it down for dumbos like me, and explain what one is, and how one can hold onto a bitcoin, and maybe this will help everyone to understand better what they are and how people can benefit from them.
Good Afternoon Brendan,
It seems that you are not upto to date with current information, I will gladly send some information your way.
Yes - trading Crypto's is an option, Just the same as trading Shares is an option.
However there is much more to this industry , that you can still discover.
Like many Australian's we have been kept in the dark , most likely a government ploy through the news channels.
What i can tell you is that the news is much more positive than most Australians believe.
Ok so you can buy and sell, If you make a profit you can trade your profit for dollars. Which you can then spend.
You can mine your bitcoin, which is what we do . and we can via an exchange change that for dollars.
You can use your Crypto Visa card and spend your Bitcoin at any restaurant, shopping centre, bowling alley .. im sure you get the rest of the picture
You can even , at any atm exchange your Crypto for dollars.
There is even an Australian company called my crypto wallet that offer;s you a debit card that can be used at any ATM.
Then there are 51 Bitcoin ATM's in Australia where you can buy more Bitcoin or sell your Bitcoin !!
We and our clients earn our Bitcoin as mentioned above. But we can use them in everyday life as easy as you buy your groceries currently.
No there are many benefits to Crypto's , like privacy. That you dont get in your current banking system. However that arguement is not what I am here for !!
I here for people who would like to make some more money , be it dollars and cents or Bitcoin.
Hopefully this tiny bit of information has you a little bit more informed and if you would like to pick up the conversation .. by all means please send me an email firstname.lastname@example.org.
Its a great time to get involved !
As an investment manager in Australia, we assume you’re fully aware of the financial services industry regulations and disclosure requirements when openly sharing investment opportunities and potential returns.
Your question is of intrigue and of much discussion globally.
What would help the discussion is if you could complete your profile, including business name, website, contact details, location and profile image.
This mining thing is beyond my comprehension, because it doesnt actually come out of the ground, but since the term mining IS something I have some experience in, I will try to frame my questions around the mining analagy:
what is the estimated size of the resource?
what is the cost of production?
what are the markets for the product?
What are the taxation consequences of mining bitcoin
what is the risk of business failure from competition
how volatile is the market
I gather that the whole blockchain cryptocurrency concept is complicated and there is a lot of technical expertise that is required to fully understand all the ins and outs of the industry......but there is a lot of technical guff that nobody knows or cares about in the iron ore industry, but people are still happy to invest in BHP. How can laypeople get informed about cryptocurrency to the extent that they need to...as investors in the industry....to assess the merits of this as compared to other investments that they might use???