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1301
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Economy / Securities / Re: ASICMINER Speculation Thread
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on: July 01, 2013, 07:30:10 PM
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no one in their right mind would sell right now. we all know it will be 5.5 after dividends are announced.
comments like this make me want to sell 50% Comments like that were being made about the $250 bitcoin not long ago. We all knew it'd be $1000 after the public caught on  |
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1303
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: July 01, 2013, 07:12:43 PM
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But I think the shares are worth around 5BTC and while I wouldn't buy them at 10BTC (I cannot afford to at that price) I'm sure some people can. It's a good place to put your Bitcoins and it's better than leaving it in cold storage or hot wallet. You might have to deal with the fluctuations but if it gets to 5BTC it's not going back down to 4.5 so the problem of fluctuations mostly affects people who get in too late. If you're getting in at 5+ then I would think it's far more risky than getting in right now at 4.5.
Emphasis mine, and I agree with the points in bold. To extend it another step, getting in at 4.5 is riskier than if you'd done so at 4. If you bought in at a lower price (let's say <2 for the sake of the discussion), the question is not whether you lost or gained money, but how much profit you've made. I disagree with your statement that share price won't drop to 4.5 once it passes 5; all I can see are those "hold, spartans!" memes on /r/Bitcoin when BTC/USD was $200+. If x can go up, x can go down, which leads me to your statement that AM is a better parking spot than cold storage; that's only true if AM shares don't decrease in value. |
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1305
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: July 01, 2013, 06:33:57 PM
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You were the first to bring up dividends, so I responded to that point -- I don't think dividends are a compelling reason to do anything at the moment. It's much more interesting (and profitable) to just be buying and selling shares at this point.
And for what it's worth, name-calling reflects poorly on one's character. There's enough shitheads on the forum already, why don't we at least try to keep the conversation civil?
Sorry nubbins, I'm going through some IRL stuff. I agree, that was uncalled for. I shouldn't be arguing online. Luckybit brought up dividends, then you countered, then I countered. Apology accepted, discussions about AM tend to heat up pretty quickly. I've been so busy tracking the share price that I didn't even notice the last dividend payout.  |
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1306
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: July 01, 2013, 06:18:12 PM
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I actually have some conservative stances against AM as laid out here, but they are based on something. That's the difference. Saying you're at a loss if it drops 0.05, and thus should not invest, is moronic.
You can come up with a lot of good reasons not to invest at 4.5, or 2.5, or at all, but it's not that.
The recent optimism is based on more substance than that.
You were the first to bring up dividends, so I responded to that point -- I don't think dividends are a compelling reason to do anything at the moment. It's much more interesting (and profitable) to just be buying and selling shares at this point. And for what it's worth, name-calling reflects poorly on one's character. There's enough shitheads on the forum already, why don't we at least try to keep the conversation civil? |
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1307
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: July 01, 2013, 06:01:08 PM
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Yawn. Not if it stays at 4.5 or goes to 5 or 10 or even 4 BTC is still a profit in less than a year.
Sorry if I'm boring you. Maybe I'll give unbridled optimism a shot, it's pretty popular lately: Why stop at 10? At the rate things have been going, it'll reach 120 by next year! Buy at any price! Etc. |
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1308
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: July 01, 2013, 05:48:59 PM
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lol, you need to see a net profit in one week? Gimme a break nobody expects that, when it comes to stable dividends they understand if the average yearly earning is 25% on their purchase price, then they can see the stock price drop 24% and still make a 1% profit.
I don't need to see anything. I'm not personally concerned about the price of shares at all. The rubes buying in at BTC4.5, however... |
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1309
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: July 01, 2013, 05:38:46 PM
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When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.
I've tripled my investment in under 2 months.
For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision. Why would you consider it a bad decisions with the ridiculous dividends coming in the future? Because daily fluctuations in share prices are already orders of magnitude larger than any dividend payment to date. A BTC0.04 dividend equals a net loss if the shares you bought at BTC4.5 are now selling for BTC4.45. |
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1315
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Economy / Securities / Re: ASICMINER Speculation Thread
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on: June 30, 2013, 02:08:16 PM
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Well, with so far nothing but good news and based on the next div being good I can see it above 5.
I can't see any reason to sell, can you?
I'm not going to shit my pants and jump out just because it went up quickly...it may slip back a bit between now and div day but it always does.
Too much good news pending and long positioned owners for it to drop significantly in the near future.
It would take an atom bomb of bad news to turn it into an AMC type disaster...
Jump out, probably not. Sell, yes. I've tripled my investment in under 2 months. The worst that happens is you lock in a fat profit. Just make sure to keep some, in case things get stay crazy  |
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1316
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: June 30, 2013, 12:51:19 PM
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I just did some statistics on the number of transactions included in ASICMiner blocks, compared to other miners' blocks: ASICMiner stats:
Average transaction count per block: 198.0
Median transaction count: 132
Maximum number of transactions in a block: 1323
Other blocks stats:
Average transaction count per block: 302.3
Median transaction count: 262
Maximum number of transactions in a block: 1333
Can anyone explain this? It seems ASICMiner blocks, on average, only contain 65% of the number of transactions that other blocks contain. Has ASICMiner commented on this? Given the talk a few weeks ago about transactions becoming more important as time goes on, I'm curious about this as well. What time period do these stats cover? |
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