All of this has happened before, and all of it will happen again  |
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  Then and now... |
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Let's wait for it to calm down, and then on Monday, everyone will be in for cheap coins...
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.... been that way for months. which made me so surprised how deep this one went. cant understand why people dont learn.  Noticed the same, they seemed to be using the weekends to steady out sharp rises and not crash the price though. This one was huge and looked more like an attempt to cause a panic. uh, not really, it wasn't huge at all 32/49 = 65% 52/75 = 69% there's been worse  |
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Well, I started selling before the update... not sure anymore what to do  sell 'em cheap... to me! I'm selling them pretty cheap over in the Auctions forum... if you feel like bidding |
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Here comes another 49=>32...
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Can you clarify your estimated dates for increased hashing? Next month is only a week away and we don't know whether you are talking about getting to 12TH, 15TH or 60TH or what when? Thank you sir!
Next batch is at least 50TH/s, which will be assembled and available in the early or middle of next month. Before that we have to gather more employees to form a deploying team because it's nearly a magnitude larger. We also have to deploy the rest of the first batch during this period (between now and the time next batch arrives) with or without new members to the company. And this is estimation. We had somehow missed of the chips production cycle (actual arriving date: late December, estimated: late October to November) and the production/deploying cycle (actual deploying date: still going on, estimated: within March). Unexpected things happen, but we are fully aware of the reason of delays of the first batch and avoided the most in the next one. This is extremely bullish. Reasons: (1) BFL is going to ship next month, not this month... even more delays. They will still only be able to ship 42 TH/s at best. (2) Avalons are more expensive now. -> Competitors not going to add too much hashrate to the network. Let's assume it's 130 TH/s without us. (3) Bitfountain will be able to deploy much more rapidly this time, since our racks will come fully assembled in mid-April. This gives us at least April and early May to hash at 60 TH/s, and possibly more with overclocking, which would be at least 25% of the network. Per share dividends per week: (1/4) 3600 * 7 / 400000 = .01575. Thus, a reasonable level of profitability can be reasonably expected to continue well into May. You sure you still want to sell all those shares then?  Well, I started selling before the update... not sure anymore what to do |
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any word of confirmation from friedcat?
I will PM him once everyone pays, or this midnight, whichever is earlier. |
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Can you clarify your estimated dates for increased hashing? Next month is only a week away and we don't know whether you are talking about getting to 12TH, 15TH or 60TH or what when? Thank you sir!
Next batch is at least 50TH/s, which will be assembled and available in the early or middle of next month. Before that we have to gather more employees to form a deploying team because it's nearly a magnitude larger. We also have to deploy the rest of the first batch during this period (between now and the time next batch arrives) with or without new members to the company. And this is estimation. We had somehow missed of the chips production cycle (actual arriving date: late December, estimated: late October to November) and the production/deploying cycle (actual deploying date: still going on, estimated: within March). Unexpected things happen, but we are fully aware of the reason of delays of the first batch and avoided the most in the next one. This is extremely bullish. Reasons: (1) BFL is going to ship next month, not this month... even more delays. They will still only be able to ship 42 TH/s at best. (2) Avalons are more expensive now. -> Competitors not going to add too much hashrate to the network. Let's assume it's 130 TH/s without us. (3) Bitfountain will be able to deploy much more rapidly this time, since our racks will come fully assembled in mid-April. This gives us at least April and early May to hash at 60 TH/s, and possibly more with overclocking, which would be at least 25% of the network. Per share dividends per week: (1/4) 3600 * 7 / 400000 = .01575. Thus, a reasonable level of profitability can be reasonably expected to continue well into May. |
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Alright, this week's rally is over. Tune in for $80 next week |
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If I'm reading the interest rates correctly, if compounded, they are already higher than Pirate's old interest rates  |
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Sent 14.62 BTC to: 1G862ZJX9brh2ztsnwkcadRMqh12H7KwjG txid: 3bc9bc1404952126deb3c43b3ece64dbf4de9a0f8155ccec98654e25ba9ffe43 Please transfer ownership to this address: 1ASiCxNftoqwL91M1QDrcxq9uga3fXQNYg Thanks  Received, friedcat will confirm in this thread. |
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Payment addresses.
gILisH - 1PnTJZFiLTnbApK6bh5GJPDbyQochsujMa - 200 shares @ .85 - 170.00 BTC due
GoldenWings91 - 1G862ZJX9brh2ztsnwkcadRMqh12H7KwjG - 17 shares @ .86 - 14.62 BTC due
arklan - 1K6NpyCDS7JBKcJ5LaU86KYSUyCkMBbqJX - 1 share @ .9 - 0.90 BTC due
Line - 1LNmXCGAbBbPLzVvKeiSXezXJUzFg5Zaw3 - 15 shares @ .85 - 12.75 BTC due
Note: I am willing to sell shares to all four of you, even though the auction is oversubscribed.
If you would prefer escrow, let me know.
I publicly confirm that I owe the above amounts of shares to the respective users, pending the payments described above.
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huge sell walls up ahead. I dont think we will see major movement tonight. Hopefully we will have another morning price jump, but it would have to be a MAJOR buy to get us even back to $75. Unless the sell walls are fake.
huge sell walls = prelude to price jumps You're right, the "huge" sell wall at 68.91 today didn't really do much to stop us. |
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50 left at .75, then prices will have to go up.
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On the contrary, people buying batch #3 will have to buy btc first (if they don't have 100btc lying around and are willing to invest them) - thus I'd rather exptect a slight rise.
As Richy said - the number of btc mined will not change! It's important not to forget the way difficulty works.
This man speaks the truth, for his name is Seldon |
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You bears are trying real hard. It's all they have left to do I guess. That, or you know, be smart and either hold or sell like a normal person would. Seems the dump has already been neutralized. This pattern has become so predictable I'm surprised any bears still try to dump. At least with walls they get full value for their coin instead of losing thousands to slippage. In my experience, especially with bitcoin, as soon as the market becomes predictable, everything changes. actually, I've been predicting dumps like this would rebound all the way up. Ever since the dump from 26 to 21, I've seen the pattern and acted on it. |
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