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Have you considered NAV/U control like BTCinvest?
This seemed to ensure value and share price were in alignment. This is something i would recommend
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Waaaay too early to call the bottom yet. While I do like the fact that we bounced off almost the exact bottom of the mid-late november crash, there is plenty of pent up market frustration to still be released. This being the bottom, however, would fit quite nicely with the progressive shrinking of bubbles (32-->2, 266-->50, 1240-->455) = (93.75%, 81.2%, 63.3%)
cool analysis. beats reading a lot of the speculation around here. |
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from experience, more often than not you loose money trying to play the market like that.
you have to make 3 risky trades to make a profit in your position. i'd hold and maybe buy a few more at a low to make yourself feel better. just like the second post said.
If you don't have any money left see it as a lesson
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one possible positive from the report is the high amount listed under "materials and deposits"
I guess this means gear that hasn't been put in miners yet. hopefully.
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I got a feeling experienced traders are playing games with you lot.
Think I'll keep my coins safety in cold storage.
If others want them they will have to pay me more for them, not less. A *lot* more.
+1 i think theres a few big dogs dicking around. it still wouldnt take much money(for uber rich people) to do this. |
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I get the impression whales are playing with this market a little bit.
kind of like an old school pump and dumps
emotional buying and selling is usually a bad idea in these circumstances
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haha loving the trolls in this discussion. obviously new to BTC
2 points:
market cap of 2billion is tiny for a financial instrument.
BTC is not fully disseminated
this upward shift looks a lot like the beginning of the last bubble, only the base-line is much higher.
I remember saying when the price was $14 heading into the April bubble that there is no way it will go any higher. I sold most of my BTC then. I leant a valuable lessons:
never underestimate BTC
It is impossible to predict BTC
The bottom line is:
bitcoins still has a lot left in it. Just depends on long you can wait without folding.
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I'd be happy to liquidate shares later on for 1%. I'm from Australia. Getting verified at the moment
I have a feeling a better solution will present itself though.
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Probably because it isn't online yet, i'm sure if it was they would send to found blocks to their mining address so everybody can see, which is conceivably why they send the franchise payments there.. you can't see it because it hasn't happened. Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?
Don't know if http://erpao.info is official, but it still reports 47 TH/s (in solo mining). It is the unofficial but accurate record. It seems the hash rate in the new data center, which should increase 3-5TH daily according to friedcat, is not included in this stat yet? This 3-5th daily that friedcat was talking about was misinterpreted. It's not being added daily, he was just showing the split of where the ~60th comes from. 3-5th=variance in reliability(i think) Hopefully soon more hash will come online though. |
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After a lot of deliberation I've decided to close down Sandstorm.
This was done by:
1) Liquidating all assets
2) buying back my own 40,000 shares for 0 BTC
3) Buying back 60,000 public shares for .0008963 each
.0008963 correlates with last weeks NAV of 89.63. The value of the liquidated assets was considerably lower than last weeks NAV(before btct.co announcement) hence why I bought back my own shares for nothing.
After the btct.co announcement, Sandstorms NAV took a significant hit. It would be very difficult to recover the fund to anything close to IPO value whilst maintaining 1% dividends. The fund was turning into a value destroying operation. It is fair to say at this stage that the fund was a failure.
Overall the fund still came out positive due to ending on a pre btct.co announcement value.
From a 100BTC IPO. Shares were bought back for 89.63BTC(theoretical) +25.845BTC dividends =115.475
I'm aware that still is no consolation for those who bought above the IPO price. If its any consolation please be aware that I've personally taken a big loss from this.
Other personal reasons have also contributed to this closure.
No one was informed of the Sandstorm share buyback before it occurred.
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ok so,
I found out about 30 minutes after the event. Sadly a lot of damage had been done by that stage.
Thankfully sandstorm isn't listed on btct
All assets will be transferred out according to issuers instructions.
Apart from ciphermine bond which is has nearly been liquidated at cost price.
This is a big hit to Sandstorm due to the long positions on btct. A better picture will be given on Friday.
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good thing noone cares anymore. Sounds like you've lost complete faith in sandstorm and in your skillset. When will sandstorm be closing down?
Gee talk about jumping to conclusions. Definitely haven't lost fair in sandstorm or my skillset. Might prompt a change in strategy though. Sandstorm won't be closing in the foreseeable future. Not being cruel or anything, but you really should have lost some faith in your skillset. The fact that you haven't lost faith is why you should never manage other people's money or an investment fund. You are inexperienced and overconfident, and worst of all, you still appear to think you know what you are doing. You lost more shareholder money than the general market change. For example, BTC-EQTY B fund lost just 16% in the same period that sandstorm lost what, like 60-80%? Same with BTCINVEST, it is down about 15-25%, so you lost far more than TF also. For those who are still watching this thread: I told you so. not sure where you are getting your "statistics" from. |
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good thing noone cares anymore. Sounds like you've lost complete faith in sandstorm and in your skillset. When will sandstorm be closing down?
Gee talk about jumping to conclusions. Definitely haven't lost fair in sandstorm or my skillset. Might prompt a change in strategy though. Sandstorm won't be closing in the foreseeable future. |
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Hi,
Noted.
Please don't get me wrong. I think rental starter is a great business model. It just that due to the exposure to fiat their growth will always be fighting the btc/usd exchange rate. This is only from the perspective of a fund which seeded in BTC.
It's nothing to do with a lack of patience. They were sold at a good price before the second round of fund raising. No regrets in doing that.
I know I'm in no place to judge strategies right now but that's just how I see it.
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Weekly Report.To be completely honest, things are not looking great for Sandstorm right now. Labcoin just saw a huge drop, lack of trustable information. Activeminer just saw a “dump” and ASICminer is continuing their general decline. Even btcQuick had a difficult week. On a positive note ASICminer weekly cycles are easy to predict at the moment. As a way to offset the performance of the mining bonds i’ve spent a fair bit of time trading the Labcoin roller coaster and post dividend ASICminer price. RentalStarter shares were liquidated for a good profit. I can’t see this company having a huge amount of growth in the near future. The rise in BTC/USD works against this company. 1500 Labcoin shares were just bought. This is a part of the intra daily trading that I've been undertaking. These will be liquidated when/if the price rises again. DMS-selling is still performing as expected due to the difficulty curve. I think this is as bad as it will get. Happy trading  more info: https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE&usp=sharing
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hi guys, Now that we are at 1 peta, this is my guesstimate:  |
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No, not mad. There used to be lot's of intelligent conversation here, but now it's just littered with your FUD. You might as well have your own thread. +1 He's trying WAY too hard to be taken seriously. Ignored. +1 for Vycid starting his own thread.... By the way networks probably passed 1petahash. Celebration time! |
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Weekly Report.A fairly quiet week in comparison to previous times. Unfortunately labcoin is acting in a way which makes it difficult to know what is really going on. Hopefully this will change in coming days with a real update. My sentiment is still somewhat positive towards labcoin. If what they have reported is true then the stock should see a rise in the next week. One thing that this week has been excellent for is trading off of volatility. Sometimes this volatility correlates quite directly with manipulators on the bitcointalk.org threads. It makes it possible to see when someone is selling off due to emotion. This can be exploited. On two occasions when Labcoin was at .003 Sandstorm has bought shares for the purpose of flipping. Some Ciphermine bonds were purchased. I see this as a good way to hedge against a possible fall in the BTC exchange rate. If the interest rate is no longer attractive they will be sold. This week rental starter shares will be liquidated NAV is still down, but stabilising. The only thing that will truly hurt sandstorm in coming days is if ActM or Labcoin fail or if ASICminer continues to decline past 2.0BTC. Happy trading  more info: https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE&usp=sharing
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