Bitcoin Forum
May 28, 2024, 04:59:06 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: [1]
  Print  
Author Topic: A question for those buying TAT.VM  (Read 877 times)
Mabsark (OP)
Legendary
*
Offline Offline

Activity: 826
Merit: 1004


View Profile
July 13, 2013, 03:01:22 PM
 #1

If you Look on BTC-TC, somebody is trying to buy 900 shares at 0.0041, which just seems insane to me. Given that you can get 5 Mh/s from DMS.MINING for around 0.015 BTC (0.003 BTC per Mh/s), that you can make more profit trading the DMS assets and that the DMS assets now have greater volume, what is your reason for buying TAT.VM?

chkgk
Member
**
Offline Offline

Activity: 63
Merit: 10


View Profile
July 13, 2013, 04:48:14 PM
 #2

Let's first collect some observations from (behavioral) economics:
  • people make mistakes
  • people do not act fully rational
  • people decide under uncertainty as there is no such thing as complete information
  • aquiring information is costly
  • people tend to be risk averse (in general)

Having read these, thought about them, googled anything that was unclear, please tell me: what constitutes "insane" behavior?

To your question:
There might be any number of reasons for buying TAT.VM over DMS.*.
The one most convincing for me would be, that the DMS.* securities are difficult to understand relative to TAT.VM.
If really understanding DMS.* takes a lot of time and an individual values time highly, it might just be cheaper for him to go with the seemingly more expensive TAT.VM asset than learning more about DMS.*

In that case, one might face a relationship like this (assuming benefits of both assets are identical):
cost(tat.vm) < cost(dms.*) + cost(information)

It would then be perfectly understandable to buy Tat.vm instead of dms.*
SOSLOVE868
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
July 14, 2013, 04:09:25 AM
 #3

Bitfunder, always a good place to get cheap shares...let's move to Bitfunder ,you can fund 0.003 TAT.VM...
cusdog
Newbie
*
Offline Offline

Activity: 52
Merit: 0


View Profile
July 14, 2013, 12:42:17 PM
 #4

Let's first collect some observations from (behavioral) economics:
  • people make mistakes
  • people do not act fully rational
  • people decide under uncertainty as there is no such thing as complete information
  • aquiring information is costly
  • people tend to be risk averse (in general)

Having read these, thought about them, googled anything that was unclear, please tell me: what constitutes "insane" behavior?

To your question:
There might be any number of reasons for buying TAT.VM over DMS.*.
The one most convincing for me would be, that the DMS.* securities are difficult to understand relative to TAT.VM.
If really understanding DMS.* takes a lot of time and an individual values time highly, it might just be cheaper for him to go with the seemingly more expensive TAT.VM asset than learning more about DMS.*

In that case, one might face a relationship like this (assuming benefits of both assets are identical):
cost(tat.vm) < cost(dms.*) + cost(information)

It would then be perfectly understandable to buy Tat.vm instead of dms.*

huh? how hard is it to multiple TAT x 5? The only thing that takes some time (albeit not that much) to understand is DMS selling. DMS Mining is almost exactly like every other PMB.
Progressive
Full Member
***
Offline Offline

Activity: 181
Merit: 100


View Profile
August 06, 2013, 05:41:45 PM
 #5

TAT.VIRTUALMINE 0.002499 per 1 MH/s.

DMS.MINING 0.006687 per 5 MH/s, that's 0.001337 per 1 MH/s, almost half the VIRTUALMINE price.

Or is there any reason why VIRTUALMINE should be so expansive?

(and what about BFMINES?)
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!