Also, why is anyone selling shares under 3BTC? i just can't grasp it.
Because they watched BTC fall from $290 to $100 several weeks ago, and don't want to get caught holding the bag again. BTC/USD has never been that high, it was $256, for a moment, 2 months ago. Consider my statement suitably modified. People are selling because they think the price will fall. Or like myself they have taken profit and are watching. I sold off at about 2.49btc but it was worth 123 usd per btc. quick math I sold at 306 usd a share. AM is now 2.9 btc but a btc is 100usd so a share is now 290 usd. If I buy some btc today via coin base and grab 10 shares I save about 160 usd in price. Here in the USA coins have been squeezed tight to cash into dollars. A few months ago when I wanted to cash a coin. I had 4 easy choices now coin base is all i have and it takes more then a few days to cash out. Since I keep this at a lower value on purpose > I never want to have more then 5000 usd at risk cashing out my AM seemed best. <snip> This is why I don't have everything in one BTC stock. I have more faith in BTC than in USD... I think that it has a much greater chance of becoming worthless in the long term. Even though BTC has devalued a bit in the last couple of weeks (and a lot more since its high) I've been able to grow my BTC holdings over the past month through investing, so the actual USD amount that I have is not going down much. |
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The other thing to keep in mind is that not everybody has 50 BTC to spend on a miner. I personally don't even have enough to buy a full ASICMiner share, but my TAT.ASICMiner is affordable. In the few weeks that I've held it, I've received enough in dividends to buy another share. I'll be buying another share next week.
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Mine went through. Thanks! Looks like I'll be able to pick up another share next week.
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Just wondering, why should he give us a bonus? The description of this asset clearly stated what we would be getting, and that we would be paid, per share/unit, based on 1Mhash of mining power.
what is the bonus?  There is no bonus. Alexius89 suggested that he pay one because dividends were not what he expected and that ASICMiner paid so well this week. |
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Just wondering, why should he give us a bonus? The description of this asset clearly stated what we would be getting, and that we would be paid, per share/unit, based on 1Mhash of mining power.
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When I do send it, the div will be 0.000362395265 per share!
That's awesome to hear! |
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I pity the person who sold 1000 TAT.VM shares at 0.0007 instead of 0.007 by mistake on bf .That's what created an interesting V in the chart.
Ouch. Pretty good deal for whoever ended up snatching that up though. |
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Something to invest in on Bitfunder other than AMC, although riding their ups and downs helped me grow my initial .1 investment into over .122 in a couple week's time. This investment seems more trustworthy to me, as my TAT.ASICMINER on BTCT has been decent.
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There are more women in the OP than the total sum of women ever cared for bitcoin since day 1.  That's not true. You just haven't met them. I love Bitcoins. I sell Bitcoin related products. My dd likes Bitcoins (okay, she's 10, so maybe you don't want to count her). There's two in one house. I'm sure that there's quite a few that you don't know about. I was in an engineering sorority; I'm sure that some of my sorority sisters like Bitcoin (especially the ones in college right now). |
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I've had a company for more than 4 years now, and I don't have an EIN. Then again, I am a sole proprietorship as well. Does AMC have any employees? If they don't, then they could probably get away with not having an EIN for the time being.
I would agree that kslaughter isn't exactly the best at communication... I would add, also not the best at running an IPO. If he can run a mining company, then he'll be able to redeem himself. Certainly running an IPO takes a different skill set than putting together electronics to mine Bitcoin.
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We could pronounce an mBTC as "em bit".
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NO HONEST COMPANY buys their own stock on an exchange while they are in the process of issuing shares.
This was what was most concerning to me. That and the overhyped press releases. I do hope that these are just honest mistakes from a tech business owner who doesn't have much experience running a stock, but there is too much here that I question for me to stay in. I did get out at a profit. If I'm mistaken I'll probably reinvest later, but too much didn't feel right here for me to stay in for the short term. |
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(I personally would suggest an announcement that Option A has been chosen, with the reasoning clearly stated. Another possibility would be, rather than flat out putting the dividend on hold, to pay out at a reduced rate... ie pay at 50 percent normal dividend for 2 weeks, or 75 percent dividend for one month. This is not the most ideal solution, as due to increased shares week over week, holding back 50 percent each of two weeks would probably come out to even more than the original overpayment was... But it is an option.)
The issue with that is: 1) I have shares now, I sell them all, I get to keep extra dividend. 2) I have no shares now, I buy some, I don't get any dividend next week. I'd suggest Option C. I don't like option A. With that option, there's nothing to stop someone from selling their shares for two weeks, putting their money somewhere else for a little bit, and then repurchasing when the reduced dividends are over. I have a little bit in BTC that I have to reinvest after liquidating my AMC shares, but I'm less likely to invest in TAT for a couple of weeks if I know that there are dividends that other people received that causes me to get less money. That could affect the price of TAT relative to AM over the dividend repayment period as well. |
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Reinvesting isn't really an equivalent exchange. I have enough to reinvest in another share as well with my double div, but if I reinvest, that benefits me more than TAT. My reinvestment would only help TAT by giving him an additional 1/20th of a dividend payment every week for as long as I held the investment.
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I'm pretty sure that they know who owned shares (and how many) at the time of the double dividend.
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It would take 20 weeks of the same div payout for TAT to get his money back... then essentially he'd be running the pass-through for free for nearly half of a year for us because of this one mistake.
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I was paid twice as well.
Shares are bound to shuffle around in the next week, so reducing next week's div payment would potentially reduce the div on people that weren't even owners of the share this week, and would give an extra div to people who weren't holding the shares next week.
Hope that BTC-TC will be able to find a way to fix this.
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Perhaps this will describe all of us someday:  |
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