The only downside is if the bitcoin rises in value against the AUD.
That's guaranteed to happen. Your idea is terrible.
Anything can happen in the bitcoin market, it is unregulated. People already buy gold with bitcoins we are simply offering an alternative to cloud mining or gold.
Our idea is provide a product that is fairly stable and regulated (the AUD) in a market with a volatile nature.
Even if the value of the bitcoin rises, your actual stake in the company remains the same, if it falls, the same thing happens.
Historically AUD has been a stable investment, during the GFC the AUD didn't take a big of a hit as other commodities.
Where as in the space of a year Bitcoins went from $20 to $1350 then back down to $550.
So when you say "That's guaranteed to happen" i hear "The Titanic is unsinkable".
I would like to hear any comments or questions people might have, but please try to have constructive criticism.
Thank you.
lol. Well put response to Duffer1's point but I'm afraid I would still have to side with Duffer1 on this one. Betting that the value of BTC won't increase vs. value of AUD is a pretty poor bet imho.
*Best of luck with your endeavor nonetheless (assuming legit)
Thanks mate, at least you made his point. I myself believe the bitcoin will rise in value aswell.
Hence why we are trying to break into the market with our skillset. To capatalise on niches.
If you want to diversify your portfolio by having some bitcoins linked to the $AUD, it wouldn't be the stupidest move.
Just hoping to hear if any of you guys have any other issues other than a rising value of bitcoin?
But to give everyone a time schedule, work on the website will start on the 27th March.
This will just give everyone a little more information about the structure of the IPO,
more details on figures and dividend frequency (we are looking at monthly dividends).
Techniques on avoiding exchanger fees (BTC<>AUD), and share buybacks.