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I think keeping them as Bitcoins until we need them to be converted is the best bet. Why? Because day trading loses money and trying to guess the best "out" is a waste of time. Overall Bitcoin goes up so leaving it until the last minute to sell is the safest option, it's possible that you get unlucky and the price drops at that time but that is the nature of the market.
TL:DR, Don't day trade, don't guess the market, just keep them until you need fiat.
EDIT: Also by doing this Ken does not have to worry about the wrath of the shareholders if he gets them into fiat at a bad time, because the money was needed and that would not change. If instead Ken starts guessing the market and fails, then everyone is going to be angry he lost money.
If Ken's algorithm for selling the Bitcoin is to wait until its needed, there is no room for error, because shit happens and you move on. If Ken's algorithm is sell high, I promise you everything will go totally wrong.
I used to day trade, but stopped because its stupid hard. I left that game with a small "not worth my time and hassle" profit and have never looked back.
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Are you sure you're posting on the right thread?
I think Minerpart is trying to convince Ken not to sell ActiveMinings 1200* or so Bitcoin. *Ken gave hints but has not confirmed that the Avalon refund still remains as a Bitcoin asset or if it has been converted into a fiat asset. |
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I'm invested because it looked very promising at the start. After getting to really know the way Ken thinks, I am realizing how bad of a decision it was. Kens brain is sloooow. All you need to do is talk to him on the phone and you will realize how much of an idiot he is.
My point was, you were kicking and screaming at 0.0015 if I remember correctly, if you think Ken is an idiot why did you stay invested? i did sell most of my stock. The rest was very difficult because of low liquidity. i would havr had to fill the whole orderbook right down to. .0000001 I am sure 50,000 shares would not have taken the orderbook from 0.0015 to 0.0000001, unless you lied about having 50,000 shares left at the time. I still recall you saying that you offloaded 100,000+ shares at the peak (0.0065+) but you continue to complain about losing money having invested in ActiveMining. By those calculations you have taken major profits from trading ActiveMining stock. |
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oh, I got it - it's ActiveMining address
Haha yeah, huge difference between ActM and AM. It looks like AM is pulling in over 100 times what ActiveMining does. I am a huge shareholder in ActM, hopefully one day our mining address will look like ASICMINER's. Hehe one can hope! |
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havelock down at the moment? Back up now. Down for about 15 mins.
According to havelock:
Market Cap ฿4672.1613
Which is less than the ฿5484.66 AM listed as assets on 27th October, plus the 4480310.50￥ (about US$700,000)
So this company is worth less than the cash assets they have? Please explain to a layman
That is the market cap for the shares on Havelock. To give an idea of the actual market cap, there are 400,000 shares of AM. So 0.3 x 400,000 = 120,000 Bitcoin or $60million. To give an idea of how overvalued AM was at its peak: 4.5btc per share x 400,000 = 1,800,000btc. It was obvious AM was overvalued, the only way it could maintain 4btc per share was to have 100% of the network or close. |
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If I ever run over a cat I will name it "crumbs" before I go over it again
VE you seem love violence a tad too much. You can't wait to "confront" the Labcoin scammer before the communities legal option has run its course and here you are talking about running over cats. ALWAYS BE NICE TO cATS |
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I'm invested because it looked very promising at the start. After getting to really know the way Ken thinks, I am realizing how bad of a decision it was. Kens brain is sloooow. All you need to do is talk to him on the phone and you will realize how much of an idiot he is.
My point was, you were kicking and screaming at 0.0015 if I remember correctly, if you think Ken is an idiot why did you stay invested? |
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Getting the chips is the easy part. The hard part is putting them onto boards, and I doubt Ken can do this with the glue gun he bought at walmart
Why the hell are you invested VE? You have been complaining like this even when the shares were 0.0015*, you really should have sold. *I am sure you were game around 0.0025, I could be wrong. |
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ALWAYS BET ON iCE...
 Though it's actually good for any mining fund, including IceDrool. Totally true, the difference is at least we are buying chips we designed from a company that "claims"* its all about fast turnaround, so if we get our chips then our competitors are companies that own their chips. (Avalon, ASICMINER, KNC, Bitfury, etc...) Whilst it might be difficult earning more money that those companies, we should still outperform mining funds that are buying third party hardware. The entire benefit of eASIC was speed and ability to keep on ordering lots and lots of chips. I am disappointed because so far we have perhaps enough for 500GH/s? or even none at all. |
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I don't understand why there were discussing the price of bitcoin at all.
In a way it affects your investment power, but unless I am mistaken ActiveMining sold most of its coins.
50% of mining revenue is reinvested. Now we have 5 - 10 times the fiat to be reinvested for every Bitcoin mined, all our chips and expenses are in fiat. A higher Bitcoin price effectively allows us to reinvest faster, and gives us maybe a chance to compound our hashrate. ALWAYS BET ON iCE... |
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FTFY
Oh Crumbs! ALWAYS BET ON cRUMBS! |
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I noticed that the btcd daemon implements its own faster version of SHA256
Even if I have no reason not to believe so, my first though was, could it have a backdoor?
Can you put the code for the respective SHA implementations side by side to see what the difference is? |
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I don't see the "greatest threat" of Ripple. It would be like suggesting that Apple the greatest threat to Linux?
Unfortunately the average person walks past the Apple store everyday and knows nothing about Linux, even though Android is sort of closed Linux. If Ripple becomes the cryptocurrency of the people by being marketed very well, it might take off and become mainstream and destroy Bitcoins value. |
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I posted this in another thread. Am I wrong to be so critical of Ripple? I really feel they are trying to privatize cryptocurrencies. This is in response to the possibility that RippleLabs/Opencoin are going to position themselves as the better cryptocurrency. As I understand it Ripple was around before Bitcoin
This is a misconception that Opencoin loves to propagate. Ripple has been around longer than Bitcoin, but not in the current state it is in now. That was the old Ripple. Don't confuse the old Ripple (Ryan Fugger's) and the new Ripple (Jed McCaleb/OpenCoin). They have more differences than similarities
In fact the old Ripple did not contain the built in Bitcoin replacement stealth currency XRP (Ripples) of which Opencoin own most of them and create artificial scarcity and sell them off over inflated for Bitcoins to idiots. Make no mistake, Ripplelabs/Opencoin is the prefered currency for the USA, and Google know this, the entire thing is just a layer on top of the current credit/fractional reserve system. One of our greatest threats is a freedom restricting bank friendly currency called XRP. Also this forum is full of Ripple shills, you have been warned. |
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Your mother must be so proud of her son's ability to whine incessantly and make endless empty internet lawyer threats. I don't like your personal offences, tough, i tough you where the one whining around here. I'm just the only one that stands you, or has the time to do so. About my lawyer treats to be empty, well, you will see. Remember... ALWAYS BET ON iCE |
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EDIT: Deleted them all. Good luck to everyone in WeExchange.
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I am not sure what connection there could be. Does Frostwire do something novel or revolutionary that makes you suspect?
Just wondering. Well it looks like an ordinary Bittorrent client*, so I doubt Satoshi would be involved in this. Remember Bittorrent was created by Bram Cohen in 2001, by the time Bitcoin was released in 2009 Bittorrent was mature and mostly complete and it seems Frostwire is not pushing any particular tech to the edge. *(Unless I am missing something about Frostwire, it just seems like an ordinary Bittorrent application) :p |
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'Frostwire' is a JAVA project, but as Satoshi was quite knowledgeable about p2p software I was thinking if he could be somehow connected with 'Frostwire' development which is an open source project.
Does anyone know anyone from 'Frostwire' community?
How likely is it that Satoshi is connected to 'Frostwire'?
Maybe someone out there knows a bit about the people involved with 'Frostwire'.
Post and share anything you find about it here, please.
I am not sure what connection there could be. Does Frostwire do something novel or revolutionary that makes you suspect? |
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So are you guys just waiting for a situation where you can offload your shares without making a loss?
I think that if the share price is high, then the news must be good, and if the news is good, then the divs are what I'm after...
EDIT: typo
When I was panicking last week I was of the opinion that getting my Bitcoin back as soon as possible at breakeven rates was my best course of action. The main thing on my mind was the rising Bitcoin price and how it might become impossible to get back those Bitcoins. However I have calmed down recently and after taking two points into consideration I am now considering riding it through. Point 1) The increase in Bitcoin price is a good thing. If Ken carries through with the 50% reinvestment idea, this means we have much more fiat to spend on chips and R&D. If Bitcoins are 10 times more expensive than last month, that means we have 10 times the fiat to pump back into operations. This will allow us to compound our hash rate much faster and perhaps even increases ourselves against the other miners. Point 2) My breakeven position is rather high, and we are not getting to those prices under the current climate of no mining. However if mining happens and it's really successful my position might actually be too low. In the case that my position is too low I will make my position higher and see if it gets eaten or leave them there and eat the dividends. This is all about network hashrate. Based on shares being valued at 18 months ROI my breakeven point is 4% of the network, so if we do a lot better then I will push up my position. Note that most people will be breakeven way below 4% of the network, and most people will be taking profits before me. (I am a worst case shareholder :p) I really think 5% and higher is possible due to reinvestment and a high Bitcoin price. |
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