So how about you just tell us all whether the price is going to go up or down Don't you have to subscribe?!
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It's almost as if MTGox has hired Butterfly Labs to manage their wire transfer division.
+1
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I believe that article is already proven to be a hoax.
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Yes. Lots of good news, but significant gaps, like no mention of how the FinCen MSB registration process is going, or why accounts with several banks are not up and running. Do all their banks have the same trick of hanging onto deposits for 7-10 days?? did not mention anything with withdraw at all!!!
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I thought this thing is fake and just some rehash of old stories that never materialize (see people's comment on the ActiveMining thread).
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I don't get it, why someone should sell ActiveMining after Avalon announcement?
We have 3 competitors in the market besides asicminer: LabCoin, btcgarden and Activemining.
If the announcement is true, only ActiveMining is developing a 28nm chip, so it is the less hurted and the 20nm doesn't add so much to the performances. So probably LabCoin and BtcGarden shareholders will jump in ActM boat.
Or am I missing something?
people always shoot first and ask questions later. Avalon has been full of delays and hiccups in their history, even if it's a true, I doubt their ability to execute on their planned timeline.
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I guess that some of those who left ASICMINER for playing the IPO game are back with us again - there is bid for 100 shares @4.1 at BTC-TC.
I guess that tells us how limited the amount of BTC is around on the exchanges.
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in the "real" world, when company is sold, the share is normally brought back at 2-3x price, as what happened to SDICE.
There's usually a premium, but SDICE is bought out at that price just to shut investor's mouth. Imagine if they were bought out for way less than IPO price. If there's a ASICMINER buyout by some new entrant (ie. entities new to bitcoin), it probably cannot be done with bitcoins as the order book on gox + bitstamp has only 110k coins combined right now.
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Our dream of world domination is on hold for now
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Its posts like this that make me want to start a BTC-based company or something.
Some people are willing to risk their entirely livelyhood on this thing and I think I'm a daredevil because I own more BTC than XIV.
XIV is far better than traditional stock index fund!!! Really glad to see some sophistication in finance
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I guess one can buy Bitcoin with CC / Bank account with ease if PP adopts Bitcoin.
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An almost 50,000 share order was just executed on BTCT... I'm guessing someone knows something.
That was a huge buywall and a big sell!!
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Part of it has to be demand from SD buyout. I'm more curious as to why it fall all the way to 65. Whoever that dump the coins made a not so wise move given the SD buyout.
I liquidated a lot of coins at 100 for a down payment of a house. Damn my gf if that's true (she's the one who wants a house, I'm more than happy renting).
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I'm not sure if Paypal / Ebay is so forward looking.
The cynical me suggests I would go borrow all kinds of money and sweep up all the bitcoins I can find if I really do have the inside scoop. After all, no one would know this 'insider' trade and there's no criminal punishment either.
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It's just uncorroborated rumor at this stage. Possibly, but he is offering to make wagers. Having a bet on bitbet and betting against it would kind of be a 'good' 'hedge'.
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I really like this gamble by the OP, if he put $15k in March at around $50 (before Mar 17, BTC's $50 or below), he has 300 BTC. If he put into coinlenders, graet.loan, etc. (spread out the risk and leave some uninvested), he should get about at least 16%. Let's factor in defaults and suppose he gets 12%, 5 years from now, that will comes to 1.12 ^ 5 = 1.762 * 300 = 528.7 BTC. I think it's unlikely BTC will be at the same level 5 years from now - either it'll grow many times (possibly worth more than $1000 USD or even more) or it'll be a bust. If BTC's is > $1000 USD, he makes out with half a million, extremely well for any graduates. If it becomes a bust, he'll pile on about $21k more debt assuming interest on loan is 7%. In the scenario that BTC just languish at current rate, he'll still be about $30k ahead.
that's what i concluded. I did something similar kind of similar in my senior year in college. But then it wasn't done against a student loan so I've the option of going bankrupt and wipe it off my slate if it went bad - of course, it wasn't for a 30 bagger and half a million, it was just a chance for a 3 bagger. Go big and aim for something potentially life changing!! I wish the OP luck!!! Will check back 5 years from now!!
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It's just uncorroborated rumor at this stage.
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I really like this gamble by the OP, if he put $15k in March at around $50 (before Mar 17, BTC's $50 or below), he has 300 BTC. If he put into coinlenders, graet.loan, etc. (spread out the risk and leave some uninvested), he should get about at least 16%. Let's factor in defaults and suppose he gets 12%, 5 years from now, that will comes to 1.12 ^ 5 = 1.762 * 300 = 528.7 BTC. I think it's unlikely BTC will be at the same level 5 years from now - either it'll grow many times (possibly worth more than $1000 USD or even more) or it'll be a bust. If BTC's is > $1000 USD, he makes out with half a million, extremely well for any graduates. If it becomes a bust, he'll pile on about $21k more debt assuming interest on loan is 7%. In the scenario that BTC just languish at current rate, he'll still be about $30k ahead.
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