But I'm not basing my evaluation on AM financial structure. I'm basing my analysis on what must happen to the AM dividend (which seems to be the justification for the current valuation) as a result of
- increased hardware competition
- shrinking marginal profit due to higher hardware cost and higher electricity cost per % network hashrate
- decreased hardware sales prices reflecting lower % network hashrate per unit
and from your earlier message: "This is a bubble.
Anyone saying otherwise has ulterior motives (they probably still own a lot of stock).
It's clear as day. Look at the parabolic trajectory. Consider the lack of short selling. Have you guys already forgotten Bitcoin in March?"
Vycid I appreciate hearing your pov, I don't agree it's a bubble top here and now, can you put some numbers on, say 80% fall in a week? That seems to be what you're implying. |
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BTW there's a really good Thai cafe around the corner from the State Lib.  |
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I'd like to suggest this for our next meetup: https://bitcointalk.org/index.php?topic=248361.0"Call it a just coincidence or take part in one of the world's most exciting global tech revolutions. Tomorrow, the first Wednesday of the Month, there will (by last count) Bitcoin Meetings in the following 9 cities: Amsterdam Sydney Munich Vancouver Pittsburgh Toronto Austin Paris Buenos Aires Cinncinnatti ... and add your city here. I'm posting this on the main board, because I think it's time to show worldwide solidarity and do whatever's needed to make this into a popular global movement. Recent market research http://techcrunch.com/2013/06/28/bitcoin-awareness-and-trust/?utm_content=bufferf9504&utm_source=buffer&utm_medium=twitter&utm_campaign=Buffer shows a quarter of U.S. consumers have heard of Bitcoin and the majority of them trust it. In some countries these numbers are even higher. Join us and help spread the word: First Wednesday of the month is Bitcoin Wednesday." Too late for today I suppose but next is Wed 7th Aug. |
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If that was the official song I would have a reason to sell. |
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Comparisons to the internet and it's growth are utterly irrelevent.
The internet allowed people to do so many things that just weren't possible before the internet and it has utterly transformed peoples lives and the methods of interactions, shopping, entertainment etc.
By comparison Bitcoin does virtually nothing that cannot be achieved already with money. It is a potential store of value/speculation, but at its heart was designed to be a payment mechanism and it has yet to prove to the masses that it is a better or cheaper payment mechanism than that which exists already.
As for the state of the Bitcoin economy, there are a number of BTC evangelists (mainly on here) who do buy stuff with Bitcoins, but the rest of the use is either gambling, illegal purchases or the biggest use of Bitcoin - buying it hoping that some other people will use it and it'll go up in value. Until that changes it's a rough-ride folks.
I guess you had to be there. The internet in the mid 90's was about as welcome as PC-DOS was in the late 80's. Most people back then did not want to use the internet, after all they could get the news on TV or newspaper and didn't have to wait for images to slowly display, line by agonising line over a 2400 baud modem that hogged their telephone line. Where was the advantage in that, they would say, given the cost and hassle of setting things up. Email? No one else they knew had it so there was no point, it was useless. 99.9% of people haven't heard of bitcoin; for most of those that had 4 months ago it was akin to a kids gaming currency; to even be taken serious by a gov't agency is a major step forward. If you don't think it's got promise and potential that's fine, but don't write it off just yet. You don't have to be starry eyed, but at least be open-minded. |
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So, what do you guys think is the way forward? Now that we have ASICs, and Bitcoin is technically secure against all but the most capable threats, how will the real Bitcoin economy grow to capitalize on this investment? Or do you still think that Bitcoin can survive as an investment only and, if so, for how much longer?
Bitcoin will see mass adoption for transactions far faster than you expect. There is some mind-blowing stuff coming out. Look at https://www.pikapay.com/ (in beta) for example, in which btc can be simply tweeted (send or receive) by anyone with a twitter account, they hint at a massive future for btc transactions. It's pure bloody genius systems like this that keep me very positive. |
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It was undervalued. The price is rising to closer reflect the value.
+1 |
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AM PT's on Bitfunder, divs are in  BTC4.18 hit |
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er, did you notice the smiley?
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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  |
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10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9
@TAT (or one of the other guys taking care of the questions):
What do you mean by "fees" in the last question? If it's transactions fees it is part of mining, are you then speaking about something else?
That was my question. You are correct that mining includes fees, thanks for pointing that out. I really just wanted to tease out block reward and transaction fees as separate items. |
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The real headline: 'Bitcoin awareness rising despite no hype.'
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don't worry, that putty cat is on your side
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US downloads trending down all year, that can't be good.
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I'd like to catch up again too (though not available Sunday 30th June).
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Hmm,
I think the difference is that they have already found traces of Gold on their land.
-Ukyo
Traces? Do you believe they've found, to quote Prendergast (sic) "Kenilworth Exploration has already a single hit of 107/gt Au-Gold in our one diamond drill." In gold mining standards that's almost pure gold! (btw does anyone else find his kindy-level grammar, not just in the quote above but throughout all his writing, oddly incongruent with his wide range of academic qualifications?) "According to the World Gold Council (WGC), larger and better quality underground mines contain around 8 to 10g/t, with marginal underground mines have averages of around 4 to 6g/t. Open pit mines usually have lower grades from 1g/t to 4g/t, but can be highly valuable despite the lower average grade." source http://goldinvestingnews.com/world-class-gold-depositsC'mon guys do some basic research! At least google g/t gold. Or maybe what comes first, drilling or survey? |
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No sign of Moby.
Am tempted to pick up more BTC at $101.111
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I already posted this in reddit http://www.reddit.com/r/Bitcoin/comments/1gdbtp/kenilworth_explorations_your_thoughts/: Just to help a bit with your research, Kenilworth say is they have 'an agreement' with an actual listed junior explorer, so not much to go on, but ... "The obvious question for reasoned speculators now becomes, “How is it possible that 3,000 publicly listed companies are able to raise billions of dollars given that the odds of success are 1 in 1,000 for an OK deposit or 1 in 10,000 for the big deposit?” The simplistic answer is that Mother Nature has been very generous to exploration geologists and by association, the brokers that make their living selling the dreams of buried treasure to the public by playing to human nature: greed and the susceptibility to an easy getting rich quick story. " You gotta wonder what are the odds for unlisted explorers, or rather the odds that the speculators will see any return at all? https://www.explorationinsights.com/pebble.asp?relid=2408[1] If you want to give money away give it charity. |
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The problem is it's not a mining company, it's an exploration company. VERY VERY VERY BIG DIFFERENCE. Most explorers by far do not find an economical resource. However some of them do manage to find a steady stream of speculators willing to finance them while they 'explore'. Do your research, it actually costs very little to register a company, and even less to say your going to find millions of oz's of gold, but you just need a $million or two up front first.
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