A 'weak hand' is a metaphor in legacy finance for an investor who does not have the intention, experience or resources to hold his position.
Now if you had said that 2pages ago I wouldn't have misunderstood you wouid I?
The phrase 'weak hand' has nothing to do with physical prowess - I would have thought that was obvious.
Well as you made a direct comparison to 'strong hands' you made it far from obvious. Unless 'strong hands' is also a financial term? No? So you see why you caused confusion. Well, 'strong hand' is indeed a finance term. Seems to me, the confusion is originating at your end.  |
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What are you talking about? I am the OP. 'Weak hand' is a metaphor.
Forgive me yes you are the OP, sorry. re: metaphor- 'Weak hand' is not a metaphor per see. If I have a bad selection of cards in a game and I say I have a 'weak hand' I do actually have a 'hand' of cards (handful of cards) that is 'weak' in that they do not add up to a strong set. So there is no explicit metaphor there. However if you said an investor with a portfolio of 10 crypto-currencies has a 'weak hand' because they are all under-performing currencies then that use is metaphorical because it refers to the literal weak hand of a card game. You are comparing the portfolio to something else. re: your statement- You didn't actually refer to a 'weak hand' as you now seem to above so you have confused things further. You originally said 'weak hands'. These are two distinctly different things. A 'pair of weak hands' has nothing to do with a holding or position - it is a statement about someones character or abilities. So you refered to the investors character not their holdings so my exasperation with your criticism of the investors characters is valid. You also mixed your metaphors to an extent giving these 'weak hands' 'burnt fingers' - please try to avoid this it just muddies the waters. A 'weak hand' is a metaphor in legacy finance for an investor who does not have the intention, experience or resources to hold his position. Which could be because he is a short-term speculator, new to investing or realises he has invested more than he can afford to lose, amongst other things. What we saw today was lots of weak hands selling their shares. The phrase 'weak hand' has nothing to do with physical prowess - I would have thought that was obvious. |
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What are you talking about? 'Weak hand' is a metaphor, not a literal description.
Are you insane? The OP is referring to weakness of character. He is not referring to a position of weakness as one would have for example with a weak hand in a card game. Please keep up. What are you talking about? I am the OP. 'Weak hand' is a metaphor. |
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The right thing to do in this situation is to hold the shares bought with money you are prepared to lose in full.
Yes strong investors not weak ones. We don't like weak people, girly, pathetic WEAK scum. What are you talking about? 'Weak hand' is a metaphor, not a literal description. |
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Unfortunately the burnt fingers were mostly weak hands. A stock is healthier without them - that's the cruel truth.
In what universe? By what measure is a stock better without hundreds of its investors? They are only there to supply funding and if they are not there there is no funding. 'Weak hands' is a nonsense term you are talking about peoples hard earned money and you are surprised that they sold when 50% has come off the share in a morning?! Get a life. Where did I say a stock is better without hundreds of investors? It is better with strong hands, not weak hands. I'm not surprised the weak hands sold, it was all very predictable: the price dropped, they panicked, they sold. If the price had risen they would have bought more. The right thing to do in this situation is to hold the shares bought with money you are prepared to lose in full. |
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Eh, does anyone here advancing doom and gloom know how to read an order book? The panic-stricken weak hands have unfortunately sold and many will regret it in the days to come. One savvy buyer could swoop in now and take the price back to 0.0025 on both btct and BitFunder. And then the buyers will flood back in at 0.0025, their confidence restored, since we are not going to 0.0 as they feared. All very predictable  . Complete fantasy. These are not going anywhere back near 0.0025 until and unless hard evidence is put on the table and real progress is made. Do you know how many fingers have been burned today? The canny operators got out at .004 - they have made their money and they are not going to risk it on AMC again until things progress on the evidence front. Going nowhere. Unfortunately the burnt fingers were mostly weak hands. A stock is healthier without them - that's the cruel truth. The canny operators are the ones who did not sell. Today's opportunistic sellers who plan to buy back in will most likely make a loss unless they time it well. The price will be back at 0.0025 within a few days. |
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So it's clear that despite the news release there is not enough believable information out there to build up sufficient investor confidence to support a price of 0.0025.
The market will always find its own level and this episode demonstrates that at 0.0008 people had confidence enough to invest but crucially the news release has done nothing to bolster that confidence.
The reason - unverifiable statements. I think it's time we saw and heard from Ken, it's time we are allowed to hear from eASIC, it's time we saw video of the headquarters, of Ken, of rigs and chips. Until then 0.0008 is where it will and should stay.
Well done to the winners who sold +0.002
Eh, does anyone here advancing doom and gloom know how to read an order book? The panic-stricken weak hands have unfortunately sold and many will regret it in the days to come. One savvy buyer could swoop in now and take the price back to 0.0025 on both btct and BitFunder. And then the buyers will flood back in at 0.0025, their confidence restored, since we are not going to 0.0 as they feared. All very predictable . |
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And it's back @ 0.0008
Selling behaviour is typical of weak hands being shaken out. Note that volumes are now thin, the value of individual trades are low. A few modest buys on btct and BitFunder will drive the price back to 0.0025. |
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Well meaning as the criticism started. This has clearly moved on to trolling. Please increase the level of discourse. If you have a significant stake in other competing security or hardware company, then your criticisms must be taken skeptically. Otherwise, allow AMC shareholders to have a thread to discuss a security they believe enough in to invest their bitcoins.
How about making your own forum and moving there? That should not be a problem given how many millions you idiots already poured in the deal offered here. But to move to separate forum would be bad because then you can not easily lure others into buying same crap you bought, right? Lol, I'm loving this guy! Maybe we could upload some of his opinions to YouTube. Megamouth, do you have a video camera to hand? Never, repeat, never call this trolling. This is comedy gold  . |
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You go lolstate  You dont look like you need the support, but looking back at my posts will show you are not alone Thanks stereo  . We need to make sure people reading this thread realise there are many people here who are bullish for AMC's prospects. Ken has admitted several times before that he is no PR guru and has made mistakes pulling walls etc. It is to his credit that he allows the criticism and FUD posts to remain, since he has said he believes in free speech. Maybe Ken would benefit from some help with the PR so he can concentrate on the engineering and business side. However, at this point, a slicker public facing AMC wouldn't change my opinion. I have studied this thread closely and pondered Ken's actions and I am confident AMC will deliver. |
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Am i the only one who is bothered (understatement) by him removing and adding shares just because he was a little frustrated?
Imagine this happening in the real world out there with real stocks...it's totally absurd what just happened.
In the real world after a stunt like this he would be bankrupt the next day.
Here people simply keep on buying?
Seriously?
Bitcoin isn't today's 'real world' and won't be any time soon. It is the fecking Wild West. Until things settle down, maybe you should check out the NYSE or FTSE. Seriously, good luck with that, though. I'm through with all the corruption, rent-seeking and market manipulation in the so called 'real' economies. Bitcoin gives us the chance to escape from that, and while it will be painful building it up, the prospect is we end up with something much better, much more honest . |
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Pretty simple, he's most likely buying up cheaper ones using your money, to try and elevate the price to 25 so he can get back to "business".
TAT, your FUD isn't welcome here. If you had constructive input, I'd be all ears, but you have shown yourself to be a let's-smear-Ken actor several times that I can recall . Also, you should be standing above the fray since you have a financial interest in promoting other, rival assets  . Show some integrity, won't you? You might earn others' respect then. It is too late for me, I won't be buying any of your offerings again, that is a promise. Let's meet back here in 3 months and compare AMC/AM share price. I doubt you'll have the guts to turn up  You are calling FUD on what Ken pretty much admitted to doing only a few posts after mine. My prior criticisms of Ken's actions are not unique either, most sensible people agree that he manipulated the price more than once, and that he issued misleading press releases. Something is not FUD just because it is a reality that you wish was false. I do not consider AMC a competitor, nor do i delude myself that the mining space isn't rife with competition that grows daily. I'm actually happy that some coin has been diverted from other assets to this one. I have more incentive to pump this stock than hurt it, but that's not how I roll. I'll be here in 3 months, stronger than ever. Hit me up and we'll compare notes. See, TAT, when you stop with with the flippant comments, you can actually add some value to this thread. I stand by what I said, that you were promoting FUD. It wasn't the first example, I hope it was the last. See you back here at the end of September . |
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Pretty simple, he's most likely buying up cheaper ones using your money, to try and elevate the price to 25 so he can get back to "business".
TAT, your FUD isn't welcome here. If you had constructive input, I'd be all ears, but you have shown yourself to be a let's-smear-Ken actor several times that I can recall . Also, you should be standing above the fray since you have a financial interest in promoting other, rival assets . Show some integrity, won't you? You might earn others' respect then. It is too late for me, I won't be buying any of your offerings again, that is a promise. Let's meet back here in 3 months and compare AMC/AM share price. I doubt you'll have the guts to turn up You talk about FUD and constructive dialogue and then you end with wanting to "compare AMC and AM share price"? Yeah, I bet AMC will be traded at 3 BTC in 3 months, after all that would just value the company at 3 BILLION dollars... Think MCfly! I doubt AMC will be trading at 3 BTC, I assume you are being facetious. I do expect AMC to be > 0.0025 and TAT's AM to be flat-to-depressed. Really, all this scare mongering and FUD has revealed that too many people on this board are out of their depth and should leave the serious business of investing in high risk assets to the adults. Last time I checked, Bitcoin was probably the last genuinely free market on the planet. If you don't like AMC, don't buy it. If you think it is worth some of your hard earned cash, then good luck to you. I'm invested and I'm in for the long term . |
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Pretty simple, he's most likely buying up cheaper ones using your money, to try and elevate the price to 25 so he can get back to "business".
TAT, your FUD isn't welcome here. If you had constructive input, I'd be all ears, but you have shown yourself to be a let's-smear-Ken actor several times that I can recall . Also, you should be standing above the fray since you have a financial interest in promoting other, rival assets . Show some integrity, won't you? You might earn others' respect then. It is too late for me, I won't be buying any of your offerings again, that is a promise. Let's meet back here in 3 months and compare AMC/AM share price. I doubt you'll have the guts to turn up |
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Hi guys! I'm new to the world of Bitcoin, trying my best to absorb as much as possible in as little time as possible! This forum has been a great help and has been a little more down to earth over the last few days when compared to the Reddit /Bitcoin sub. I think we can expect to see great things from Bitcoin. |
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