AM could go to 100btc or .0002 btc, but it only matters on the day you sell. Everything else is just entertainment.
So very true, and I expect at least another 2 months of entertainment. These other muppet ASIC companies ain't got nothin' on ASICMINER. |
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0.04-0.045 next week or the week after. Boom. Yes, I said it.
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It reminds me of Apple going up to $700 per share and then dropping back to $400. Which made people who sold at the top really happy as they can buy back lower.
AAPL is a bargain under $400 - EPS around 40 is healthy, but the kicker is the MASSIVE pile of cash they are sitting on. 140+ BILLIONS. With a B. To put it in perspective, Google has around 50 Billions, and that's already considered massive. The problem in finance (and in politics) is that too many focus on the group consensus, which usually has little to do with the actual details of the company being looked at. "Steve Jobs died!" & "Apple has lost its touch!" have led too many investors that were just going with the flow to jump ship. Apple could buy all of Tesla right now, and it wouldn't dent its pocket. Let that Sink in - Tesla, even with the tripling of current share prices past few months - is barely worth around 5 Billion. Now that was an extensive tangent and I apologize. But there is no doubt that we are in a similar type of boat right here with ASICMINER: Half of us have probably never invested in stocks before and are "going with the flow." Great learning experience rest assured. If rumors or hearsay keep scaring you away, then go rest in the shade. There is no doubt BFL has started shipping and others will soon too with better tech even, but AM has shown no sign of faltering and has been CRUSHING the network distribution on every scaling up. 20%+ and they appear to have blades waiting to scale further. They bet on maximizing older tech and won, and I'm sure this has something to do with their decision of not going into 28nm chips. Currently you can see that they've stepped out of the sheer mining game, and are moving more into retail by selling equipment. Even better with the headstart they have. Sure, they had to slash price and it appears they were pressured in doing so. But this will be a learning experience for next time - meanwhile I think the USB miners will sell ok, maybe would have been better to reduce the price to .7 even. AM is grossly undervalued. A "Bubble" might appear with unsure investors doubting, but it doesn't really matter to the ones who look at numbers. The things that worry me:Tax status in China - Will the government just blindly let this go on forever? I think not... AM regulatory status as a company in China - Is AM remotely legal? Classified as a manufacturing plant? What could go wrong there? scaleability vs. efficiency - friedcat has shown he could deliver. The scaleability is a problem of its own and one different from efficiency. BTC itself - While we look at AM to keep busy, we forget to see the decline of BTC/USD happening - We need to promote Bitcoin and show the world it is a viable currency for all. Risk - friedcat could disappear from one day to the next, and there's nothing you could do about it. (NB: Valid for all Exchange/PT holders) So the discount we see in the share price likely takes some of these into account. Warren Buffet said it best: "To refer to a personal taste of mine, I'm going to buy hamburgers the rest of my life. When hamburgers go down in price, we sing the 'Hallelujah Chorus' in the Buffett household. When hamburgers go up in price, we weep. For most people, it's the same with everything in life they will be buying -- except stocks. When stocks go down and you can get more for your money, people don't like them anymore." *edit* TLDR - It might drop in value, but like Apple, value of the investment goes beyond surface. This man knows what he's talking about. |
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I'd also recommend increasing your cut - somewhere between 5% and 25% seems the right sort of area to me. As someone likely to use it I WANT you to be making significant profit. An operator/issuer making significant profit is one of the single biggest factors reducing likelihood of scamming - if you can clearly make decent profit running it then there's a lot less reason for you to even consider stealing the bank. Personally I stay well away from anything where I can't see how the operator is making a good return.
+1 +1 As for increasing my cut, I made it low to attract investors. If you think it's too low, such that it scares investors (he's not making enough so the business model must be "steal all the coins") then I can increase it (with 7 days' notice, as promised on the site). I'm currently around 18% of the site's bankroll, and that's making me more than enough. If lots of you would rather see me take a bigger percentage, then I'm game.  I don't doing so makes me any more or less likely to "steal all the coins", but if it makes things look better to new investors then I'll do it. I'm down for at least 5-10%. I think very few wouldn't be OK with 5% and they're probably scrubs. I think 10% is a good spot, but up to 20% is fine for me personally. |
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After some thought, I have only 2 concerns with investing:
1. My % of the bankroll will be so small compared to all the other money being invested that my profits will barely cover the transaction fee(s).
2. Once the responsible party (dooglus or whomever) sees a chance to walk away with > $10,000,000 USD (or more!), they will be unable to resist.
hmm.
Man why even walk away with it? He could invest 50% of it and live off the interest or some other shit and we would be none the wiser because it's unlikely 50% of the assets will disappear all at once. Just like a bank. Invested in AM, it's currently 5000/3.5*0.02 = 28 BTC a week. A cool 11 grand a month for doing nothing. But if something were to happen, a large withdrawal or a very lucky bet, then something may go down  |
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Even so, 22.7 MH/BTC makes CPU mining seem viable in comparison.
except that you ignore hardware sales... go mine, go ahead, the rest of us buy AM shares and have been making money at it. We don't mind if you want to compete with a monster mining entity like AM, that's fine with us! You might have made a profit reselling your shares to a bigger idiot, but no one has come close to reaching a break-even point on their investments, even the IPO buyers. Wrong. |
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Price feels so manipulated this week (someone pushing the spread to nearly nothing with nothing close beneath it). Quite successfully I might add.
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Why the sudden buy trend? Or is JWU42 simplying "retiring his debt" and buying bonds back?
Because the dividends were good value for the price when it fell so low. It started falling when BTC was falling, so I think it a large part was panic besides the difficulty hike. Still, risky business. As long as you know when to get in and out it's fine though. |
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For the record, that thing reads like it was written by some SEO expert in Lahore, as part of a "one million articles this year" drive. I've seen better stuff in blog spam. Or email spam. Your leader would know a thing or two about that. |
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After BTC3.5 there's a wall (that's if 100 shares can be called a wall) at BTC10 on bitfunder  100 BTC can be called a wall at these prices, and Bitfunder's prices are derived from BTCTC. |
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Esteemed leader  |
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Why have the dividends decreased, while the BTC mined for each dividend has increased according to this chart? http://runeks.dk/bitcoin/Hardware sales and possible expenses |
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Expecting share price drops again after dividends announcement..
I kinda doubt this will happen again this week. it may drop slightly, but don't expect 15% like last week. I'm thinking only 5-10% is possible. |
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.01577/share in the mining address
Called it! |
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The site is down for me...
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For the record I'd prefer the ad clarified that it isn't from Bitfountain too, but space was rather limited and the target link does make it clear exactly what is being offered.
Wasn't your ad TAT hmm well I'll wait for a confirmation to credit it to someone As it is right now it is in an official ad network for just-dice so thought it was an approved banner Official ad network? These ads seem to be manually run by mircea_popescu? Look at the vagina ad for just dice on bitbet. Look at the source code, it's hardcoded with a random() function. Seems like the person who runs this network is just throwing up ads for his own sites and things he's invest in. I don't think MP made a ASIC ad though seems strange but yah the vagina ad is her work all right lol MPOE-PR certainly isn't invested in AM, but MP could be, and that could be his reasoning for creating an ad for it. Or someone paid him a bit of money to do it. MP is not a she: https://twitter.com/Mircea_Popescu |
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For the record I'd prefer the ad clarified that it isn't from Bitfountain too, but space was rather limited and the target link does make it clear exactly what is being offered.
Wasn't your ad TAT hmm well I'll wait for a confirmation to credit it to someone As it is right now it is in an official ad network for just-dice so thought it was an approved banner Official ad network? These ads seem to be manually run by mircea_popescu? Look at the vagina ad for just dice on bitbet. Look at the source code, it's hardcoded with a random() function. Seems like the person who runs this network is just throwing up ads for his own sites and things he's invest in. |
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Hey all,
Since the price is up so much recently, the implied volatility is clearly higher. Seeing this, I've decided to increase my previous offer for put options to the following:
Strike: 2.3 BTC
Exp: ~90 days
Premium: 0.2 BTC
(I am buying puts)
BTCT please. If you decide to list, make sure to send me a PM.
Cheers,
Vycid
Do you really think this is going down in 90 days? Good luck with that. I am tempted to take you up on the offer. Problem is, such a small float on BTCT could temporarily be manipulated lower. I wouldn't mind seeing shares slightly lower to purchase more You sound like someone who should be taking his free BTC then. |
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Dividend speculation? Looks like the mining part will be around 0.016 per share this week, any educated guesses about the hardware proceeds?
Blades have been sold out for a couple weeks, and erupters *just* went on sale but they are cheap and won't contribute to the dividend much I don't think. I'd say a good amount of block erupters are being sold since the price was dropped
That's if those sales make it into the record for this week, and even so, there isn't that much BTC going into them in the group buys. I'm being cautious and saying a healthy 0.018 dividend. |
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