How much will Apple's stock rise? How good will iPhone 6 be, and will people like it? Investing in ASICMINER is no different. There are some knowables, but also a lot of speculation. Ultimately, the price of a stock is dependent on how much people are willing to pay for it: https://bitcointalk.org/index.php?topic=99497.5460I think Apple is a poor example since it is off 40% currently, the market sees it currently as never coming out with a new idea, iPhones are cash flow, but not new ideas. |
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What you did isn't a hedge, it's selling one thing to buy something else that is less valuable. Where's the hedge aspect?
Basically, I made a profit by selling some of my ASICMINER shares high (I think, time will tell), while I bought them much lower. And I still hold 75%. That profit is for sure. Now I speculate that the BASIC-MINING stock price will rise when AVALON batch #2, then #3 ships. On the other hand, I think that there are chances that ASICMINER shares stock price goes lower than the current price (that what I call a small risk => hedge the risk). All in all, I hope to maximize my profits by doing so, while minimizing my risk if something very bad were to happen to ASICMINER It's unlikely, and I hope not, as 3/4 of my assets are in ASICMINER. But now I have at least 1/4 invested elsewhere. Do you get my point? I'm not telling it the best strategy, I just sharing my thoughts... and holding 100% is perfectly OK, not saying the contrary. This isn't a hedge at all, but diversifying after a large run up. This happens to be a popular topic currently at The Motley Fool in the 3D, Tesla and Netflix forums, and here was a post someone there pointed out. http://www.fool.com/investing/general/2008/02/01/the-greatest-secret-of-all.aspxNow I hold ASICMINER and bASIC-MINNING as well as MININGCO.ETF to spread my exposure out, but I have no plans of selling anything, my ASICMINER shares are only up about 200%, so far from what many others have in gains. Anyway, you have a couple of possible outcomes, you took some money off the table and put that to work in something else, for you to actually be right, not only does bASIC-MINNING have to rise, but it has to rise faster than ACISMINER, which you feel is going to pull back, only time will tell, but betting against momentum is not a good bet. |
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https://www.eff.org/deeplinks/2013/05/eff-will-accept-bitcoins-support-digital-libertyToday, we’re happy to announce that we will be accepting Bitcoin donations through our website. You can use them to make one-time donations, set up monthly donations or get an EFF membership (which includes awesome membership swag like EFF hats and digital freedom t-shirts).
While we are accepting Bitcoin donations, EFF is not endorsing Bitcoin. EFF does not typically endorse products or services, and we certainly do not endorse any of the electronic payment methods that we currently accept (credit cards, PayPal, and now BitPay).
With respect to Bitcoin as a technology, there is clearly a lot more to be said. Currently it seems that Bitcoin, while innovative, has a number of limitations and weaknesses in its design, and might yet turn out to be just the first draft for future crypto-currencies.1 However, as an organization that supports cryptographic experimentation, we believe the best answer to Bitcoin's potential shortcomings is for others to come along and offer superior alternatives.
Along the way, we want to give our supporters as much flexibility as possible in making donations to EFF. You can click to make a donation to EFF by credit card, PayPal, Bitcoin, and, in the future, hopefully many other payment systems as well.
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Seems the initial offering is going to be priced much higher than the cost of equipment, maybe not terrible, but I don't get a warm fuzzy feeling reading the posts. My biggest concern is someone else being paid 10% of income to maintain the equipment. People should be paid for their time, but something like creativex has setup for bASIC-MINING retaining a share for every 4 sold allows him to participate with the shareholders just seems fair, and would rather participate with those doing the work, not someone contracting the work out like Win.Avalon What about ASICMINER-PT? Or maybe the fractional pass-throughs are better vehicles for the fund. I know you felt it was overpriced back at 0.75, and has since doubled, and then some and has maintained a higher than others dividend. The income has increased noticeably each week while all other issues decline. The NAV has surged over time in anticipation of ASICs to arrive, and 50% of our issues will have Avalons next week it seems. BFL will ship right after the cows come home, and I am waiting along with them for a single as well. I understand the desire to seek new issues that fit the objective of the fund, I just feel without some exposure to ASICMINER it will be a never ending battle against difficulty. |
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Cognitive currently has motions open to readjust its ASIC device purchases, including ordering a ASICMINER Blade 10GH device. At ~50 Bitcoins, it's expensive.
Avalon looks to be shipping batch 2. This will help GMP and later bASIC-MINING.
Cognitive is a dog with fleas of our assets, I've said it before, saying it again, all the motions they've presented have only destroyed shareholder value. Avalon batch 2 is confirmed shipped, are GMP and bASIC-MINING in that batch? |
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BFL are starting to ship the 30GH/s models (according to an email I got from them), so I hope the 60GH/s come quickly next. Good luck!
Glad to see someone else received that email, but it asked to confirm your order, I didn't see any option to confirm after logging in, did you? EDIT: Nevermind, the site is asking me now, was a war with Cloudfare before, guess the rush to confirm was overwhelming. |
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Im a significant holder now due to what i think is undervalued stock. So im looking forward to bfl shipping.
How are you valuing COGNITIVE? If I do very quick back of the napkin math, and divide the 7d avg of ASICMINER-PT by the 7d avg of COGNITIVE and multiply by COGNITIVE's most recent dividend, it comes up short almost 40% |
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Thanks for the input fellas, you all make valid points. My thinking was simply that we already have ASICs on the way and still have ample reserves. There's just nothing to spend them on ATM that makes sense long term. I suggested a relatively small fixed dividend amount so as to stabilize our yield without significantly reducing our reserves...about .04BTC/day currently. Seems the concept is less popular than I'd have guessed.
I also am fine with the decreasing dividend as I am aware of the upgrade path already. If you were to find a great deal on a GPU or FPGA for now wouldn't be a terrible thing to use a small amount on, but it would have to be a screaming deal or in the GPU dept, something easily resellable. |
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If you order now from BFL, isn't the estimated delivery like late summer?
I wouldn't trust any BLF estimate until something ship. How many estimates have passed already? |
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Cost averaging ASICMINER shares is the only way in what this market is to insure exposure. With as little liquidity as there is as a whole, I would not suggest anything more than several investments over a drawn out period. The fund cannot really afford a large investment anyway without an influx of additional capitol.
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So who gets the home devices? DeadTerra? Will they be mined for the benefit of shareholders?
 I get one because it was, like my idea and stuff. The other one is put up for auction at BitMit. And I get half.  Whatever is done it must be announced far ahead of time because it will cause a disconnect between G.ASICMINER and other forms of ASICMINER. My vote would be auctioning them off at BITMIT. "now". And sending them when they get here ;-) Should be spun off to current holders |
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'I want to link my Bitcointalk name with BTCJam's. Verification code: c973056b-601a-4321-84b5-bf64c0a268f9'
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Does BTCJam impose a minimum deposit of funds? I don't think so. Thanks for your response. Now my the question i wrote BTCJam about is what protection does BTCJam offer to lenders that have fallen prey to a borrower that has not paid back :-/ We will see what happens. On the fiat P2P platforms like Prosper or Lending Club, the only protection you have is that they'll report the borrower to a collections agency. I think they also tried suing early on, but with limited success. This is the risk of unsecured lending. I do believe you have to have a minimum credit score like a 660 or something close to that before you can borrow. That actually weeds a lot of high risk borrowers out. BTCJam would probably do well to institute something similar. With the option to secure a loan I think credit score is irrelevant but speaking of Lending Club, a look at their collections practices http://www.lendacademy.com/the-collection-practices-at-lending-club/ So yes, if they see something collectible, they will bring litigation against the borrower. |
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Hover over the MtGOX USD icon: This listing has its amount linked to the bitcoin exchange rate for MtGoxUSD. The payment size in bitcoin will fluctuate over time following the exchange rate for MtGoxUSD. Well it wasn't explain like that in https://bitcointalk.org/index.php?topic=145158.0 but I do see what you say when hovering over it. I will just avoid that loan or any other linked loans. So if BTC holds or drops, would you have been right to avoid linked loans? It's just a loan, not intended as a play on currency. Second point, this is a 100% secured loan with a real payment plan attached to it and it is something which will increase the strength of bitcoin. It is not a rep loan. It is not a loan to invest in other loans. It's a real loan with a real purpose. You will not find many of these denominated in pure BTC. Any large loan like this take out in BTC is almost certainly a scam, since the interest rate is meaningless due to the volatility in BTC. Essentially EVERY loan becomes a currency play if you think like this. That's why I like silver. Regardless of how many pieces of paper it takes to buy one, it's always the same amount of silver. I do not disagree with your intended purpose of the loan, and if it was not linked to the dollar, I would add funding to it. But with it linked to the dollar, I benefit from a falling BTC/USD and you benefit from a rising BTC/USD. Security aside, I'll lend dollars for dollars, but when I lend BTC I expect BTC in return, so personally. I'll avoid loans linked to the dollar, or any national fiat. |
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Yeah, now that this is becoming clearer ,I will avoid these loans. If I want to lend dollars, I'll use my lending club account long before btcjam where borrowers are actually verified and go through proper underwriting.
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Hover over the MtGOX USD icon: This listing has its amount linked to the bitcoin exchange rate for MtGoxUSD. The payment size in bitcoin will fluctuate over time following the exchange rate for MtGoxUSD. Well it wasn't explain like that in https://bitcointalk.org/index.php?topic=145158.0 but I do see what you say when hovering over it. I will just avoid that loan or any other linked loans. |
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I'd be wary of gambling heavily on BTC not rising - given that you've twice so far made assertions BTC will fall and been totally wrong (the first time you were so convinced you made a new thread about how BTC was going to fall and silver rise - and of course both went in the opposite direction). Why are you so confident you're right this time that BTC won't rise further?
I think the real problem here is you have misunderstood both what I said about BTC and the loan on BTCjam. I won't quote our recent, audited financial statements, but I will point out that the loan is tied to mtgoxUSD. You must have missed that  I thought the fund was meant to gamble on selling silver options (was never clear WHERE you could sell covered calls that were covered by silver you personally held) not on the exchange-rate.
Don't think too hard about it. Basically we're a "silver store". We sell silver. Beyond that, if you have any questions I'd be pleased to answer them. The loan is only displayed in dollars, it is not tied, you borrow 50btc you repay 50btc + interest |
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Delivery:
Estimated between Mon. Mar. 25 and Wed. Apr. 10
Please note the delivery estimate is greater than 13 business days.
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Is the 25% lifetime off only for new customers or can existing users also take this deal? I just paid for a second year on my small openVZ VPS just some month ago.
Also, fyi, the links in your sig is broken
Send me a ticket and I will adjust your service as long as you paid with bitcoin Something weird with this forum as I copy/pasted my sig from WHT, I'll go play with it |
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