And of course, that value may crash and go away. We remove many of the difficulties currently related to speculating on Bitcoin, and by making it free, a lot of bitcoin shop share price fear, too.
Lots of reasons, but mostly, we think we can grow bigger, faster, and more profitably by making this change. And, of bitcoin shop share price, every customer is a shareholder. Our systems already track everything for you, so members experience the thrills of being in this brand new market without writing a check, without going through the pain of buying BTC, without the expense of buying BTC, and without the mumbo-jumbo of having to get and manage a cryptocurrency wallet.
When a member is ready to take the next step, to have their own bitcoin shop share price or account on an exchange and track it for themselves, only then will we transfer their Bitcoin to them.
By using Bitcoin, we immediately are able to serve customers around the world. We already have retailers in six countries other the U. No multicurrency bitcoin shop share price with Bitcoin. And the most exciting part? This is the same technology that underpins Bitcoin and other cryptocurrencies. BTC is highly volatile, the price goes up and down every day, often up and down by a lot. Our members need to understand the volatility of Bitcoin. This is exactly the same challenge we have with members understanding that our stock price goes up and down.
Many people are saying that Bitcoin is in a market bubble. Other people are saying that may be true, but their long term outlook is very, very positive. Our members are going get the chance to be on that roller coaster. A member shops at a retailer. The retailer pays us a commission. We share that commission with the member making it a rebate to the consumer. Plus, the member earns our equity. So, we need to go buy Bitcoin first, and then share the Bitcoin with the member.
We plan to buy Bitcoin as close as possible to when we understand our obligation to deliver Bitcoin to our members. It is possible that this transition will change how easy or hard it is bitcoin shop share price recruit new members and shareholders, which would change our costs.
Our knowledge base has been updated to reflect the transition. We launched on one of the slowest days of the year to minimize any hiccups that may occur. If they do, please let us know by visiting our support site and dropping us a note. Click here to register. Any forward-looking statement made by the Company speaks only as of the date on which it is made.
The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new bitcoin shop share price, subsequent events or otherwise. Miner fees are high though. Any chance of also exploring paying out bitcoin shop share price other currencies such as Litecoin where the miner fees are lower? Kim LoganDecember 22, at 1: We are looking to include other cryptocurrencies and even potentially our own blockchain coin in the future.
Robert GrosshandlerDecember 22, at This reminds me of when Netflix bitcoin shop share price to become two seperate companies and the bitcoin shop share price base revolted until Netflix realized their mistake.
Right now I use iConsumer exclusively and no other related sites. I have also separately invested in shares. I for one am not interested in being one of the guniea pigs for using Bitcoin in this fashion. Mainly for the reasons you pointed out… too volatile and too easily stolen. Kim Bitcoin shop share priceDecember 22, at 2: Thanks for the feedback, Troy. I want real cash back in dollars, not incredibly speculative and uncertain bitcoin.
Thanks for the feedback, Tom. When is the valuation for our bitcoin struck? Do we get the value i. Hi Dan- When you make the purchase, you will be allotted a number of bitcoin, via calculations based on the valuation of Bitcoin that day. The number of Bitcoin you have will NOT change, but its valuation will. Robert GrosshandlerDecember 22, at 2: A little more detail.
From then on, you transfer your Bitcoin, there is no more calculation made. So, if you got bitcoin shop share price Bitcoin wow! There is no calculation as to the value of the Bitcoin at the time it is transfered. Have bitcoin shop share price considered other cryptocurrencies, like Litecoin or Bitcoin Cash perhaps one of the ones that Coinbase supports? Will our current earnings be transferred to Bitcoin?
I actually hope so, but it would be nice for this to be disclosed if so. For more details, this Payments article in support gives an example. Sad to see this — call me old-school, but I prefer cash back. It will be interesting to see how this changes things in the future. Thanks for the feedback. Thank you Kim for your response to consider other currencies. I see alot of other businesses are dropping bitcoin because of the fees.
There is even a rumor that Facebook might be adopting Litecoin. Having own blockchain coin in future is a neat idea as well. The whole crypto world is changing fast. Thanks for the bitcoin shop share price, Sean. It definitely is different than getting cash back. Thanks for your input. I signed up and i am confused how this all works, i shop but i dont know how you know that i have shopped and where is it that i see my balance. More details can be found at this support article: It appears iConsumer is getting caught up in the hype and will now live and die with Bitcoin.
Your fate is now tied to Bitcoin, and if it fails, this company will be worthless, have no value and shareholders will lose everything. This place will be out of business in 3 years, maximum. Robert GrosshandlerDecember 22, at 6: Mining fees are at an all time high due to network difficulty. I recommend vertcoin, ether, and maybe some other ones like litecoin. Bitcoin shop share price LoganDecember 22, at 5: Robert GrosshandlerDecember 22, at 5: Just to add to our thanks.
We considered offering both cash back and Bitcoin at bitcoin shop share price same time giving our members a choice. We decided that for a bunch of reasons that was unworkable. It was all in for this. As our shareholder, your opinion is important to us.
You have many choices. Considering it will be impossible to earn more, will you send checks for these amounts when this switch happens?
Great question Dan — You will be able to earn Bitcoin on subsequent purchases. Robert GrosshandlerDecember 22, at 7: Robert GrosshandlerDecember 22, at 9: Fortunately for us, there are several folks including me who think that our shares are not worthless. Please do not do this until or unless you have complied with the NY BitLicense and other similar regulatory frameworks. By not receiving your BitLicense, you cannot legally distribute Bitcoin or any other cryptocurrency in New York State.
Thanks for the heads up. Besides the miner fees, some exchanges like Coinbase charge high fees too. Robert GrosshandlerDecember 23, at 9: Look where there at now.
This is the future. I hope you allow us to covert pass earning to BTC. Aloso if you introduced a BTC reward for referral I bet membership would blast off. Wall Street and Main Street are just now starting to enter this space and will make look like peanuts.
The 100x gains were already made with those coins, and future returns cannot be as spectacular. Gekko is an open source platform for automating trading strategies over bitcoin markets. Just a bit later because after another 19 hours of work I feel a bit.