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Title: BTCMC share price down nearly 40% this week. Post by: BitSense Informatics on August 16, 2012, 11:38:20 PM Wow, what's been going on with BTCMC this week, and today especially? Huge wall of sell orders with no buyers. Price has dropped from the high 70s down to 50 over the last couple of days.
Possibly because the dividend yield isn't as high as with other mining operations? https://glbse.com/asset/view/BTCMC (https://glbse.com/asset/view/BTCMC) Title: Re: BTCMC share price down nearly 40% this week. Post by: bitcoinbear on August 17, 2012, 12:51:04 AM Wow, what's been going on with BTCMC this week, and today especially? Huge wall of sell orders with no buyers. Price has dropped from the high 70s down to 50 over the last couple of days. Possibly because the dividend yield isn't as high as with other mining operations? https://glbse.com/asset/view/BTCMC (https://glbse.com/asset/view/BTCMC) With the nature of mining how it is, all these mining companies are doing the same thing. So the prices will adjust until they all give the same relative return. Title: Re: BTCMC share price down nearly 40% this week. Post by: odolvlobo on August 17, 2012, 03:36:01 AM Possibly because the dividend yield isn't as high as with other mining operations? No doubt the low dividend has an effect on the price of the security, but investors need to realize that BTCMC is the only security that reports their finances. At least you know what your shares are worth if this operation closes. The other mining operations on GLBSE won't tell you this, but they are probably worth close to 0, and you will lose all your money if they shut down. This should provide security and increase the value of the company. Title: Re: BTCMC share price down nearly 40% this week. Post by: stochastic on August 17, 2012, 05:35:20 AM Possibly because the dividend yield isn't as high as with other mining operations? ...but investors need to realize that BTCMC is the only security that reports their finances.... Unless a independent third party verifies these finances then saying this is not worth much. |