btt

[Pompobit]

I think people are just cashing to jump on the new icedrill IPO. When the hype will come down as usual, they will buy back asicminer and basicminer

[1713586771]

1713586771

[1713586771]

1713586771

[AngelSky]

I think people are just cashing to jump on the new icedrill IPO. When the hype will come down as usual, they will buy back asicminer and basicminer

As usual ?

[Pompobit]

I think people are just cashing to jump on the new icedrill IPO. When the hype will come down as usual, they will buy back asicminer and basicminer

As usual ?

yes, why? o.O

[coco23]

Why do you think people bought share @ 0.8 a few weeks ago with half of our hashrate now ? Does it make sense to you ?

No it doesn't. It was a bubble and you won't see those prices again in the near future imo. And of course the difficulty goes up a longer time already.
People back then bought because of the good news (new hashpower) ignoring the fundamental facts.

Since nobody questioned it, I assume my calculation above is correct then?

[AngelSky]

Why do you think people bought share @ 0.8 a few weeks ago with half of our hashrate now ? Does it make sense to you ?

No it doesn't. It was a bubble and you won't see those prices again in the near future imo. And of course the difficulty goes up a longer time already.
People back then bought because of the good news (new hashpower) ignoring the fundamental facts.

Since nobody questioned it, I assume my calculation above is correct then?

Did you know that the market is not only driven by the fundamental ? And no, the share price was divided by 2 when the hashrate was doubled up.

[bobboooiie]

Why do you think people bought share @ 0.8 a few weeks ago with half of our hashrate now ? Does it make sense to you ?

No it doesn't. It was a bubble and you won't see those prices again in the near future imo. And of course the difficulty goes up a longer time already.
People back then bought because of the good news (new hashpower) ignoring the fundamental facts.

Since nobody questioned it, I assume my calculation above is correct then?

Did you know that the market is not only driven by the fundamental ? And no, the share price was divided by 2 when the hashrate was doubled up.

Fundamental what ? And before we even think about it its not ,market is irrational. Especially the bitcoin ones. 95%+ of any investors in bitcoin world does not make their homework at all. They basically gamble on market nothing else. And the rest 5% that actually have a clue and do their math behind it have no other choice than play smart vs the other 95% rather then invest into smart spots.

EDIT : Oh you said IS NOT which I absolutely missed. Sorry

[coco23]

Did you know that the market is not only driven by the fundamental ? And no, the share price was divided by 2 when the hashrate was doubled up.

...not only but in the long term this is what counts.

I'd like to hear some reasons that would justify a share price of 0.8 (or 0.3 if you want).

Just to be clear: I am not criticizing BasicMining, from what I have read creativex is doing an excellent job here. It just seems to me that such high share prices (Basic is not the only bubble) are not justified.

[AngelSky]

Why do you think people bought share @ 0.8 a few weeks ago with half of our hashrate now ? Does it make sense to you ?

No it doesn't. It was a bubble and you won't see those prices again in the near future imo. And of course the difficulty goes up a longer time already.
People back then bought because of the good news (new hashpower) ignoring the fundamental facts.

Since nobody questioned it, I assume my calculation above is correct then?

Did you know that the market is not only driven by the fundamental ? And no, the share price was divided by 2 when the hashrate was doubled up.

Fundamental what ? And before we even think about it its not ,market is irrational. Especially the bitcoin ones. 95%+ of any investors in bitcoin world does not make their homework at all. They basically gamble on market nothing else. And the rest 5% that actually have a clue and do their math behind it have no other choice than play smart vs the other 95% rather then invest into smart spots.

EDIT : Oh you said IS NOT which I absolutely missed. Sorry

I do agree with your comment. But what is said to be "irrational" is rational to me. People are following the market even if it is far from the fundamentals. Play smart is what everyone is trying to do and only some of them make profits. In other words: +1

[Pompobit]

Did you know that the market is not only driven by the fundamental ? And no, the share price was divided by 2 when the hashrate was doubled up.

...not only but in the long term this is what counts.

I'd like to hear some reasons that would justify a share price of 0.8 (or 0.3 if you want).

Just to be clear: I am not criticizing BasicMining, from what I have read creativex is doing an excellent job here. It just seems to me that such high share prices (Basic is not the only bubble) are not justified.

Basicmining is not a bond. The share value is not only obtained by actual dividends paid (and are alot compared to the other competitors) or actual mining power, but also on the potential the company has. Creativex demonstrated the ability to manage the company and increare shareholder's profits, so the share value reflects it, and if he will continue to improve basicmining, the value can only rise

[cashmere]

Market cap is 1.17b right now. That is not THAT much money when you think of traditional investing. As time passes and bitcoin adoption grows we will not only see more money in the bitcoin sphere but we will see these new bitcoin investors looking for places to put their money. bASIC is performing quite well given it's price and div payout. If you think this is cheap now (and it is) then yes, you should be buying. If you saw it go to .80 there is no reason it won't go there again. But with all these IPOs some people are taking their profits off the table and are looking to invest in newer opportunities.

[davos]

[AUCTION] BFL MiniRig SC ~ 500 GH/s IN HAND, available for pickup

Hi all,

I have a BFL MiniRig SC in hand, available for pickup in Toronto area.

rules for this auction:

1. Minimum bid: 300 BTC, all others will be ignored.
2. Buy-now price is: 1250 BTC
3. Bid increments are 5 BTC
4. Winning bidder will be required to come to Toronto to pick it up and pay on pickup, or pay in full before I ship (Fedex,UPS, DHL)
   Please be prepared to use your ISP email address for all communication and provide your name and your land line phone number
5. I reserve the right to cancel any bid, all bids or this auction all together
6. This auction is for serious buyers only. 

Here are some pictures:

[ShroomsKit]

I think people are just cashing to jump on the new icedrill IPO. When the hype will come down as usual, they will buy back asicminer and basicminer

After that therecwill be another ipo and another ipo.
I don't see how this will recover anymore.

[Pompobit]

I think people are just cashing to jump on the new icedrill IPO. When the hype will come down as usual, they will buy back asicminer and basicminer

After that therecwill be another ipo and another ipo.
I don't see how this will recover anymore.

this trend has been the same during actm ipo, labcoin ipo and btcgarden ipo... I don't know why this time the solid shares as basicminer and asicminer should not recover

[ShroomsKit]

I think people are just cashing to jump on the new icedrill IPO. When the hype will come down as usual, they will buy back asicminer and basicminer

After that therecwill be another ipo and another ipo.
I don't see how this will recover anymore.

this trend has been the same during actm ipo, labcoin ipo and btcgarden ipo... I don't know why this time the solid shares as basicminer and asicminer should not recover

What you mean with this time? It's only been going down since. It doesn't recover after every ipo. Not sure where you get that idea from.
I seriously don't see any reason for this stock or the other "older" ones to go up again. People lost interest.
The new ones have a way bigger chance to make money.

[ShroomsKit]

I don't know what to do at this point. I'll lose 1000's if i sell these and other shares but the way it's looking i'll lose even more if i don't sell now. It's just so difficult to sell with such a loss but i also have to accept the fact that it most likely won't get any better.

[JimiQ84]

I don't know what to do at this point. I'll lose 1000's if i sell these and other shares but the way it's looking i'll lose even more if i don't sell now. It's just so difficult to sell with such a loss but i also have to accept the fact that it most likely won't get any better.

just ask yourself - have fundamentals of BASIC changed? I don't think so. Those shares have value of .45 - .5 BTC. If anything - buy more

[ShroomsKit]

I don't know what to do at this point. I'll lose 1000's if i sell these and other shares but the way it's looking i'll lose even more if i don't sell now. It's just so difficult to sell with such a loss but i also have to accept the fact that it most likely won't get any better.

just ask yourself - have fundamentals of BASIC changed? I don't think so. Those shares have value of .45 - .5 BTC. If anything - buy more

No, but the fundamentals of the whole shares industry has changed, in a really short time. Which was to be expected btw.
There really is no point investing in this company anymore because there are or soon will be better things out there.
If what you say is true and thr shares are worth .5 then why is nobody picking them up? It's that simple really.

[JimiQ84]

I don't know what to do at this point. I'll lose 1000's if i sell these and other shares but the way it's looking i'll lose even more if i don't sell now. It's just so difficult to sell with such a loss but i also have to accept the fact that it most likely won't get any better.

just ask yourself - have fundamentals of BASIC changed? I don't think so. Those shares have value of .45 - .5 BTC. If anything - buy more

No, but the fundamentals of the whole shares industry has changed in a really short time. Which was to be expected btw.
There really is no point investing in this company anymore because there are or soon will be better things out there.
If what you say is true and thr shares are worth .5 then why is nobody picking them up? It's that simple really.

What can I say - people are stupid I would certainly buy more if I had any free coins. 90% of IPOs would crash

[deltanine]

I don't know what to do at this point. I'll lose 1000's if i sell these and other shares but the way it's looking i'll lose even more if i don't sell now. It's just so difficult to sell with such a loss but i also have to accept the fact that it most likely won't get any better.

just ask yourself - have fundamentals of BASIC changed? I don't think so. Those shares have value of .45 - .5 BTC. If anything - buy more

No, but the fundamentals of the whole shares industry has changed, in a really short time. Which was to be expected btw.
There really is no point investing in this company anymore because there are or soon will be better things out there.
If what you say is true and thr shares are worth .5 then why is nobody picking them up? It's that simple really.

The fundamentals have NOT changed.  Investors are being tempted away from the fundamentals by "get rich quick" new IPOs.  These new IPOs have created zero wealth and are built on promises.  Once people lose enough money in them, they'll begin to invest more sensibly.

[iCEBREAKER]

The 24h Avg is more than 4x our highest IPO price. Let me crunch some numbers and determine if it makes any sense to buy shares back, and if so at what price point.

I heartily approve of massive buybacks at whatever prices Dear Leader thinks best!

Buyouts for all noobs eager to sell low for their Lafcoin and BtcGarden IPOs.