Bitcoin Forum
November 07, 2024, 08:18:57 AM *
News: Latest Bitcoin Core release: 28.0 [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: BTCMC share price down nearly 40% this week.  (Read 876 times)
BitSense Informatics (OP)
Member
**
Offline Offline

Activity: 78
Merit: 10


View Profile WWW
August 16, 2012, 11:38:20 PM
 #1

Wow, what's been going on with BTCMC this week, and today especially?  Huge wall of sell orders with no buyers.  Price has dropped from the high 70s down to 50 over the last couple of days. 

Possibly because the dividend yield isn't as high as with other mining operations?

https://glbse.com/asset/view/BTCMC

bitcoinbear
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
August 17, 2012, 12:51:04 AM
 #2

Wow, what's been going on with BTCMC this week, and today especially?  Huge wall of sell orders with no buyers.  Price has dropped from the high 70s down to 50 over the last couple of days. 

Possibly because the dividend yield isn't as high as with other mining operations?

https://glbse.com/asset/view/BTCMC


With the nature of mining how it is, all these mining companies are doing the same thing. So the prices will adjust until they all give the same relative return.

CryptoNote needs you! Join the elite merged mining forces right now here in Fantomcoin topic: https://bitcointalk.org/index.php?topic=598823.0
odolvlobo
Legendary
*
Offline Offline

Activity: 4494
Merit: 3402



View Profile
August 17, 2012, 03:36:01 AM
 #3

Possibly because the dividend yield isn't as high as with other mining operations?

No doubt the low dividend has an effect on the price of the security, but investors need to realize that BTCMC is the only security that reports their finances. At least you know what your shares are worth if this operation closes. The other mining operations on GLBSE won't tell you this, but they are probably worth close to 0, and you will lose all your money if they shut down. This should provide security and increase the value of the company.

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
stochastic
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


View Profile
August 17, 2012, 05:35:20 AM
 #4

Possibly because the dividend yield isn't as high as with other mining operations?

...but investors need to realize that BTCMC is the only security that reports their finances....

Unless a independent third party verifies these finances then saying this is not worth much.

Introducing constraints to the economy only serves to limit what can be economical.
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!