PSW Investments has 2 Bitcoins left from 4 we bought 2 years ago at $2,400 TOTAL. Our stop is $10,000 each now. We used the other 2 to buy 150,000,000 GreenCoins, which are currently worth $49,350 at 0.000329, so we've done more than twice as well with the GreenCoins – though they are less liquid at the moment.
Our goal is to foster more interest in GreenCoin and we're beginning that by accepting them for 2018 Annual Memberships during the month of December. The idea is to encourage people to go through the process of getting GreenCoins (a bit of a pain) and then transferring them from your wallet to ours.
As an incentive, we are GUARANTEEING a conversion rate of 0.00044, which is still 33% higher than the current buy and more than twice as much as the week's lows so a 33-50% discount off the regular Annual Membership prices for people who are willing to learn how to work with cyrptocurrencies – which is a good thing to know how to do these days.
At $329 per 1M GreenCoins – they also can make nice, environmentally-friendly Christmas gifts.
To pay, you can simply send an EMail to Greg (admin@) and set up the payment in GreenCoins via wallet transfer (see how cool it will be when you can tell people you know how to do that!).
Keep in mind, it does not make sense to pay more than 0.0004 (not even 0.00044) for the GreenCoins because, by the time you transfer them and such, there will be no profit. At the time we first discussed this last week (in our Live Chat Room), the coins were 0.00022 and the low of the week since then was 0.00018 but, for the MONTH, the high was over 0.0045 – 10 times more than we are accepting them for.
That's our motivation – it's no secret. We are saving Greg the trouble of tediously bidding on GreenCoins we're looking to accumulate at the lows (it took us months to get to 150M at the time) and helping you learn this valuable skill but, behind it all is the possibility that we can make 10x or more on the money down the road.
There are layers and layers to this project as it is our intention, in 2018, to see if we can generate wider interest for GreenCoins and, hopefully, push them up to as much as a penny over time – where we will certainly sell at least 1/3 of our holding for what should be $1M by then.
It's very, Very, VERY possible this will fail and we'll be lucky just to recover our investment – but it's not a huge gamble with a very huge potential pay-off.
Step one is accepting the GreenCoins and generating some volume on the exchanges (GreenCoin is currently barely in the Top 100 at 95 but was near the bottom when we began buying them 2 years ago) and step two will be discussing our project and step 3 will be to wrangle other vendors into accepting GreenCoins and the reason I like GreenCoins in the first place is that, for each GreenCoin mined, one GreenCoin is also created and used to reward people who generate carbon credits.
Over time, we hope to put a bit of effort into creating a solid, verifiable chain that directly ties the credits to the coins, which will then make it very marketable to companies who want to do a bit to help the environment.
Keep in mind this is all an experiment and it's possible, down the road, that we may take our GreenCoin lessons and start a new currency with tighter controls (what they call an ICO) but, for now, we'll see if the whole CryptoCurrency fad lasts another year while we gain experience with one that's already gone through all the struggles of creation for us.
The dream is, of course, we get someone like WFM, SFM, TSLA or SCTY to buy into our concept and accept GreenCoins as a sort of coupon deal (maybe let you buy coupons with your GreenCoins, much like we're doing with the Memberships). That would send volume through the roof and really move to legitimize the currency.
Currently, the best place to trade GreenCoin is www.CoinExchange.io (another project is getting it traded on Bittrex, the top coin site) and the link for GRE is https://www.coinexchange.io/market/GRE/BTC – it's a bit confusing because everything is priced in BitCoins but generally they are trading at 0.00000002 BitCoins and, if a BitCoin is $10,500, that's 0.00021, which is half of what we're willing to exchange them for as Annual Membership Payments (no other discounts apply, of course).
Also, and this is above my level of coin knowledge, it is possible to MINE GreenCoins and then it's even cheaper (in theory), but don't even ask me how that works.
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