Quote from: Eric.DarkSpirit on May 31, 2014, 01:03:01 AM

Quote from: AcoinL.L.C on May 30, 2014, 07:20:24 PM

The customer base you are seeking is not that large. Many people do not want / will not pay a large fee to use a robot trader. Most BTC users don't trade BTC enough for it to be worthwhile.

Not to mention there are several other business's already doing this, and are established with low price points. Goodluck selling 8000 bots at .25BTC. Thats not break even. Thats 2000 BTC revenue. Why do you need to hire 8-10 programmers? Your idea is basically to take something thats free, tweak it slightly. Your valuation is even more insane than HeatherAI who created a custom made bot thats already been built for 10 exchanges. They are valuing themselves at 500 BTC

If you think Im wrong, put your money where your mouth is and Il wager 10BTC that you dont even attain revenue of 500BTC within 1 year. And if you are thinking long term your even more insane, BTC is very volatile and high risk, and a longer term investment is purely a gamble, and as such you should undervalue your business if you intend to do that

Thank you for your advice.

(1) Do you have any investigation into the targeted customers ? If not, I wonder, what make you so sure about the market capacity ?

(2) Our bussiness model is to develop a product that is very easy to use than other products, and trading policy research will be performed.

A product is very different from a program, and we think CoinzBot should be different from other products, so we need a team to research, programming, testing , supporting and so on.

(3) We do think that trading bot will have its market position, the situation of trading bot now can't explain its future. We do have faith on the future of cryptocurrency.

(4) Anyway, thank you for your warning, "you should undervalue your business if you intend to do that", we will think about it carefully.

1): Its called common sense. You are way to late to enter this market. You have competitors that are trusted and have already sold many trading bots. You have newer competitors that already have bots built. You are to late to this sector. It was a niche market to begin with. The amount of autotraders you can sell is very limited, once someone buys one, they are done since your competitors offer lifetime support (at least a few do).

Do some research into what you are suggesting before making a fool out of yourself. No one has any incentive to invest in this, HEATHERAI, which is also a terrible investment, is also selling shares. At a net valuation of 500BTC and they have ~10 bots already built. You are valuing yourself 4x as much and for what? Nothing to show for it.