sweet deal, started with 1 bitcoin, now at 3 bitcoins!  Nice |
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It is possible if we applied a Fast Forier Transform (FFT) to the data since $450 the pattern would be clear (clearer) through that time.
Backing-up the observation by strong math is of course the only way. However, I am not enabled to accomplish this at this time. Not sure if I want to do it anyway. If we were able to "prove" this with some analysis then who knows how far that info would go. "Bitcoin Price Manipulation On Largest US Exchange" -> Crash. |
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What about january avalon clones priced at 80btc?
Fast easic tapeout, late october 28nm shipping?
Site still is terrible and is scamming noobs?
Any video, prototype, board, heatsink, anything?
How about sales, still no group buy?
Maybe slaughterfamily took all btc and NDA it?
Glad i have sold shares at summer, this is worse than labcoin. They had more hashing power than this epic fail company driven by amateurs (check out kens websites)
I wonder when my post will be deleted.
Discuss please.
All good points. I have no idea how to respond to them. I think anything with videos or prototype boards would be something that could divulge information to competitors. What valuable information could a competitor possibly gain from seeing some mining machines hashing? It's not like they can peer microscopically into the depths of the chip design. All they would see is a box hooked up to a monitor with cgminer or bfgminer hashing. This "have to keep this under the radar" bullshit HAS TO STOP. Shareholders deserve to know what is going on, we have funded this whole operation. Stop feeding this theory because it's getting pathetically old. Aside from knowing a time-frame on when ActM would be online and shipping product, I have no idea. I was only suggesting that may be a reason. Again, competitors would not gain any useful information from knowing that ActM is online and hashing/shipping They would not be given any kind of "edge" knowing that Ken Slaughter is about to deliver. Competition is reflected in the network hash rate. Either you have hash power or you don't. The effect that companies have on each other in this industry is not as complex as something such as selling tampons or airplanes. It's simple: hash or don't hash. The network hash rate isn't going to speed up by 500% because everyone found out that Activemining now has working chips. Well, then we need to know what is going on. |
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Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.
IMG
The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off.
Good work, vigil! Thanks. People on here were giving me sh*t for suggesting this earlier. I can see that pattern repeating after the correction down to 475 earlier. Before that I am not able to see it. Have you observed more patterns? IIRC, the pattern you observed even has a name in TA. That is when the pattern started, I think. I haven't at the data previous to that, so I can't say I have observed any other patterns. What is TA? Trading algorithm? TA = Technical Analysis http://i.investopedia.com/inv/articles/site/typesofshoulders.gifBut the frequency with which you observed this pattern baffles me. Maybe someone with years of experience in chart-reading could share his/her expertise (CMMPro?). However, as libraries for detecting these patterns exist, it is possible to program a bot who produces them. It is possible if we applied a Fast Forier Transform (FFT) to the data since $450 the pattern would be clear (clearer) through that time. |
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Its designed to look "organic" but to facilitate profit-making by creating known intervals for the highs and dips. I think it also helps to stabilize the price in periods of low activity. |
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What about january avalon clones priced at 80btc?
Fast easic tapeout, late october 28nm shipping?
Site still is terrible and is scamming noobs?
Any video, prototype, board, heatsink, anything?
How about sales, still no group buy?
Maybe slaughterfamily took all btc and NDA it?
Glad i have sold shares at summer, this is worse than labcoin. They had more hashing power than this epic fail company driven by amateurs (check out kens websites)
I wonder when my post will be deleted.
Discuss please.
All good points. I have no idea how to respond to them. I think anything with videos or prototype boards would be something that could divulge information to competitors. What valuable information could a competitor possibly gain from seeing some mining machines hashing? It's not like they can peer microscopically into the depths of the chip design. All they would see is a box hooked up to a monitor with cgminer or bfgminer hashing. This "have to keep this under the radar" bullshit HAS TO STOP. Shareholders deserve to know what is going on, we have funded this whole operation. Stop feeding this theory because it's getting pathetically old. Aside from knowing a time-frame on when ActM would be online and shipping product, I have no idea. I was only suggesting that may be a reason. |
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Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.
IMG
The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off.
Good work, vigil! Thanks. People on here were giving me sh*t for suggesting this earlier. I can see that pattern repeating after the correction down to 475 earlier. Before that I am not able to see it. Have you observed more patterns? IIRC, the pattern you observed even has a name in TA. That is when the pattern started, I think. I haven't at the data previous to that, so I can't say I have observed any other patterns. What is TA? Trading algorithm? |
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Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.
IMG
The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off.
Good work, vigil! Thanks. People on here were giving me sh*t for suggesting this earlier. |
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Interesting. What did you use to illustrate that? so is that your bot pushing the price up and up and leaving me behind, Vigil? Sad I wish. Very nice illustration actually. So the point is that somebody is pumping the price and then selling to make profit and repeat?
This price manipulation is not good for bitcoin Angry Thanks. Yes, the force sell-outs on that large dip and buy up and sell multiple times then increase the price and repeat. It isn't good, you're right. It means that there is someone or some group who has enough Bitcoins to manipulate one of the largest exchanges. |
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Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.  The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off. |
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MtGox bot, I command you: drop hard to 1030.5, then go back to 1080+, NOW.
Its working on bringing the price back up now. It basically brings the price up, sells off to form a small valley and then a small buy-back and a large sell-off, then repeats all over again. Its been working for the last week. Even with the large run-up to 1200 the bot was working. Once the large buying pressure lets off you can see the pattern clearly. |
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Well, I can see that algo-trader is still at work on Gox. At least you can tell when the pumps and sell-offs are coming.
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What about january avalon clones priced at 80btc?
Fast easic tapeout, late october 28nm shipping?
Site still is terrible and is scamming noobs?
Any video, prototype, board, heatsink, anything?
How about sales, still no group buy?
Maybe slaughterfamily took all btc and NDA it?
Glad i have sold shares at summer, this is worse than labcoin. They had more hashing power than this epic fail company driven by amateurs (check out kens websites)
I wonder when my post will be deleted.
Discuss please.
All good points. I have no idea how to respond to them. I think anything with videos or prototype boards would be something that could divulge information to competitors. |
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I don't think Ken is incompetent if he is able to arrange ASIC development with a leading company. Perhaps not everything has been handled perfectly or to everyone's liking but the main thing is just getting these chips working and hashing so as to start turning a profit.
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Even an opportunity where someone could increase their Bitcoin holdings by 10-25% per year is extremely attractive in most investment situations. Even if we don't achieve the high hash-rate we want, there are plenty of people who will see holding these shares as a beneficial investment.
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EDIT!:
Do you really think the shares will never hit 0.0088? That is only 21% higher than the ATH. If you don't think we can pass the ATH when we are mining in full may I ask you; why are you still invested? You don't have high hopes for ActiveMining.
Show me one BTC stock that has reached or surpassed its ATH lately. AM is down 90% from its ATH, VTX 80%. Times are bad for securities denominated in a currency that goes into full deflationary tailspin, this was not clear to me when I bought some shares of ActM, AM, Labcoin and others. In the mean time I have learned that BTC is the fiercest competition to shares. I always considered the $300 I gambled on bitcoin-stocks a high-risk game - after all, if one of several stocks explodes, it might pay for the scams and failures of the others. If none pays back the coins I put into them, some might at least pay back the $300. And if none does, it was an interesting time. I do believe that FC and Ken are sincere, honest and hard-working. If this is enough to corner a market with high-tech that usually is developed by a whole team of engineers, sales people and managers, I don't know. Building 28nm ASICs from ground is no child's play, I expect delays and problems along the way. Unfortunately time and the exploding diff are our enemy, so we might arrive at mining rigs that work but are outdated. At any rate, I can see no proof that we have working miners shipping to customers or orders placed at eASIC and I would not be surprised to learn that November turns into new year. We'll see. Of course, ActM ATH share price never reflected actual mining proceeds. So, the comparison you are making is in error. Also, if ActM is successful, Ken may start hiring a small team of engineers, etc. At the moment that may not be necessary. |
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Build the miners and mine with them until someone wants to buy them - that is what I would do.
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You are wrong.
If KNC think we are 2 months away from shipping miners at volume they can plan their reinvestment strategy to sell a certain volume of their own miners over that 2months as we are not in the market and will not be competing for sales. So they may say 'we will reinvest 10Mill to make 500 miners which we know we will sell over the next 2months'. However if VMC suddenly start shipping and selling in volume after month 1 then KNC will be left with a few hundred of unsold miners tieing up their capital. This will have a delaying effect on their next production run as they struggle to get that capital back into the reinvest fund.
Now if they know we will start shipping and selling after month 1 because Ken releases that info they will not put so much into building miners they might instead put more money into new chip development to help them move into the next level.
There are many ways that you can gain a small edge over the competition by maintaining commercial secrets that's why we recognise the term - it is a very common practice.
Edit - KnC are selling everything they can make right now but the principle still holds - if they know we are going to ship they will change their business model because once we start selling I can't see them continuing to sell out.
But surely they are more scared of the increase in hashrate? Even our best case scenario makes the hashrate perhaps 2% more difficult in one change due to our miners. KNC will plan their hardware sales around the worst case with the increase in hashrate and this takes into account ActiveMining, ASICMINER, Bitfury all adding hashpower. The only time you would be right is if we were expecting to surprise attack with 500TH/s or more. I admit if we were due to add 500TH/s+ that effect on the overall network would be so huge that it would throw everyone off and cause our competitors to reevalute. The chance this happens is nil. I asked Ken ages ago about the possibility the final batch brings us to 1000TH/s and he was a little taken aback due to how much power that was. I took this to mean that we will not have that type of hash power for a long time. This is my point: If we were to add 100TH/s tomorrow, this event would not even cause KNC to have a meeting. One of the engineers might have a giggle over coffee but nothing more. So there is no need for Ken to be secretive unless it's the NDA or we are due to add 500TH/s at least. With the massive increase in Bitcoin price, that may be a reality where it was not months ago. |
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Rolls off the tongue easier for all coins also maybe like this:
bit-cent
bit-mili
bit-micro
lite-cent
lite-mili
lite-micro
peepee-cent
peepee-mili
peepee-micro
No. |
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But it isn't going to go to the moon and stay there, it is going to come crashing down.
to low earth orbit, then blast to mars, then crash back to the moon, then blast to pluto, crash back to Jupiter, blast to Alpha Centauri... ... ... +1 |
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