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1061
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Economy / Securities / Re: [BitFunder] [TAT.VIRTUALMINE] Virtual Mining - Hash Without Hardware!
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on: June 15, 2013, 01:45:36 PM
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I've had some of this asset since the IPO. Although the price is fluctuating, as of today, if it sells at over .0065857, I've made a profit, after factoring in dividends. At this point, as long as I'm not desperate to sell, I come out ahead. The longer I hold it, the more I come out ahead.
See, that's not necessarily true. If the price stays above.0065, yes, you come out ahead. However, what if the market rate drops and you can only sell for .006? Or .004? I could be tomorrow or in three months, but you have to take in the bind market price as well. If it happens tomorrow, I look to see if I have any available funds lying around in my account to buy more ;-). Since I get daily dividends, the amount in my account goes up every day. There's always a chance that you'll lose your money, with any of these investments. For that reason, it's a good idea not to have all of your money in one place (I currently have a little bit invested in 4 places). At this point, I could lose a bit of money and still come out ahead, as I've made a 25% return since I started trading last month. Difficulty is not so high at the moment that dividends are going to shrink like crazy on the next change. As long as people are still getting paid, most are not going to value their investment that low, that quickly. While some might, the majority probably won't. That's not saying that it won't go down a bit, but overall, those that are fearful and bail at a low price will have their shares picked up by people looking for a bargain. If you panic sell, then you probably will lose money. For the share price, this is still paying pretty good divs. While the share price is 10X the cost of AMC, for example, just ONE of its divs is 40 times what their last div paid. TAT.Asicminer is paying about 10X the VM's daily divs per week, which amounts to 1.4 times the amount that VirtualMiner costs, at 4x the cost (although I do have shares in both of them). So at this point, it's a pretty good deal. Later on, it might not be so much. You do have to pay attention though, because there is the chance to lose a lot more if you don't stay on top of it. If you like daily div then buy some at DMS.MINING, 5MH/s buying price right now is 0.02999, so 1Mh/s is only 0.005998, same daily dividend. Except DMS.MINING doesn't work the same, and buyers better make sure they understand what they're buying in either case before jumping in. Can you please explain this a little real quick, what makes them different? DMS assets cannot be explained quickly, you can read the asset descriptions (it's a set of 3), or you can pm Deprived though. EDIT: This is a TAT.VM thread after all, I try not to jump in on his thread just the same. |
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1063
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Economy / Securities / Re: [BitFunder] [TAT.VIRTUALMINE] Virtual Mining - Hash Without Hardware!
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on: June 15, 2013, 12:17:04 PM
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I've had some of this asset since the IPO. Although the price is fluctuating, as of today, if it sells at over .0065857, I've made a profit, after factoring in dividends. At this point, as long as I'm not desperate to sell, I come out ahead. The longer I hold it, the more I come out ahead.
See, that's not necessarily true. If the price stays above.0065, yes, you come out ahead. However, what if the market rate drops and you can only sell for .006? Or .004? I could be tomorrow or in three months, but you have to take in the bind market price as well. If it happens tomorrow, I look to see if I have any available funds lying around in my account to buy more ;-). Since I get daily dividends, the amount in my account goes up every day. There's always a chance that you'll lose your money, with any of these investments. For that reason, it's a good idea not to have all of your money in one place (I currently have a little bit invested in 4 places). At this point, I could lose a bit of money and still come out ahead, as I've made a 25% return since I started trading last month. Difficulty is not so high at the moment that dividends are going to shrink like crazy on the next change. As long as people are still getting paid, most are not going to value their investment that low, that quickly. While some might, the majority probably won't. That's not saying that it won't go down a bit, but overall, those that are fearful and bail at a low price will have their shares picked up by people looking for a bargain. If you panic sell, then you probably will lose money. For the share price, this is still paying pretty good divs. While the share price is 10X the cost of AMC, for example, just ONE of its divs is 40 times what their last div paid. TAT.Asicminer is paying about 10X the VM's daily divs per week, which amounts to 1.4 times the amount that VirtualMiner costs, at 4x the cost (although I do have shares in both of them). So at this point, it's a pretty good deal. Later on, it might not be so much. You do have to pay attention though, because there is the chance to lose a lot more if you don't stay on top of it. If you like daily div then buy some at DMS.MINING, 5MH/s buying price right now is 0.02999, so 1Mh/s is only 0.005998, same daily dividend. Except DMS.MINING doesn't work the same, and buyers better make sure they understand what they're buying in either case before jumping in. |
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1064
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Economy / Securities / Re: [BitFunder] [TAT.VIRTUALMINE] Virtual Mining - Hash Without Hardware!
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on: June 14, 2013, 08:50:53 PM
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In all seriousness, I obviously do my best to make you guys happy, and payouts are usually pretty consistent.
But in order to manage expectations, I will remind you that I am indeed human and that things happen on some days that don't happen on others. One day, it might even take me 24 hours to pay out. The good news is that we would all survive, even if such a horrible thing were to occur.
BitFunder has plans to allow scheduling of payouts, which should mostly solve this issue, but I reserve the right to forget to schedule a dividend in the event I exhibit human behaviors again in the future.
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1066
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Economy / Securities / Re: [BitFunder] [TAT.VIRTUALMINE] Virtual Mining - Hash Without Hardware!
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on: June 14, 2013, 08:42:57 PM
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Are there no divs today?
Thank you for reminding me, I got distracted by other exciting things. I need to keep bugging Ukto to get dividend scheduling added as a feature... can you set a reminder on your phone?  I don't have a phone. Damn.. do you have a computer? Please stop interrupting TAT so he can finish his slide rule calculations and get the dividends out.  Actually, I just use all my cats to count. |
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1069
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Economy / Auctions / Re: [AUCTION] 10 AM shares - no minimum
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on: June 14, 2013, 04:22:47 PM
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What's the point of having a starting bid for these at 3? Anyone can just go to BTC-TC and get them cheaper  The point, is that's the price he's willing to sell for. It's not crazy, considering the lack of direct shares on the market and the upward trend of the price. Exactly what I was going to write. Also the "no minimum" refers to the quantity, not the price, in other auction where the price is like 0.15 BTC lower you have to bid for at least 10 shares, therefore this starting price. but in the other auction there is also no minimum bid quantity and the low bids are at 2.78... Free markets, they get ya every time. |
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1070
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Economy / Auctions / Re: [AUCTION] 10 AM shares - no minimum
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on: June 14, 2013, 02:13:36 PM
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What's the point of having a starting bid for these at 3? Anyone can just go to BTC-TC and get them cheaper The point, is that's the price he's willing to sell for. It's not crazy, considering the lack of direct shares on the market and the upward trend of the price. |
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1071
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: June 14, 2013, 02:01:52 PM
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Also, why is anyone selling shares under 3BTC? i just can't grasp it.
Because they watched BTC fall from $290 to $100 several weeks ago, and don't want to get caught holding the bag again. BTC/USD has never been that high, it was $256, for a moment, 2 months ago. It was once $266. Indeed! I sit corrected. |
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1073
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: June 14, 2013, 01:23:19 PM
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...
ASICMiner plans to increase its hashing capabilities by a large factor putting it closer to 33% or 40% of the hash rate, and this is not currently priced in to the stock price.
...
Imho this would be a very bad move, even 25% could be considered a threat to the system as they could potentially hold enough hardware in stock to exceed half the network capacity and at 40% they would almost certainly be capable of that. It might be good for dividends but it would be a potential threat and so devalue Bitcoin. ASICMINER never said they plan to grab 33-40% of the network, afaik. My guess is that their goal is to maintain the equivalent of < 50% of the network if you were to remove the largest mining pool. |
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1077
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: June 14, 2013, 01:01:02 PM
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Maybe next week divs will be a bit less cause blades are sold out
It's possible, but also consider three things: 1. AM probably set themselves up with large orders to distributors, this may or may not have been reflected in recent dividends. 2. AM started advertising their USBminers recently, this will likely boost sales. 3. AM likely held back some blades for their farm, to continued increased hashing, enough at least to keep up with any difficulty increases until they get the next batch in. I am merely speculating here, but this is how *I* see it...  |
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