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FloatesMcgoates
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July 17, 2013, 08:53:00 PM |
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There is no way the seller of the minirig is going to sit on over a thousand shares, I have a bad feeling that this new major shareholder might go on a selling spree or at least undercut current asks by a significant amount
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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AngelSky
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July 17, 2013, 09:08:27 PM |
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There is no way the seller of the minirig is going to sit on over a thousand shares, I have a bad feeling that this new major shareholder might go on a selling spree or at least undercut current asks by a significant amount
I share your concern, but let's be realistic. If you owned a minirig, why would you sell it ? Because you got the ROI. Sure he wants to make money with this transaction but it would be against his interest to crash the share price. I think it's a win-win investment for basic-mining and the seller. Patrick |
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FloatesMcgoates
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July 17, 2013, 09:14:43 PM |
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There is no way the seller of the minirig is going to sit on over a thousand shares, I have a bad feeling that this new major shareholder might go on a selling spree or at least undercut current asks by a significant amount
I share your concern, but let's be realistic. If you owned a minirig, why would you sell it ? Because you got the ROI. Sure he wants to make money with this transaction but it would be against his interest to crash the share price. I think it's a win-win investment for basic-mining and the seller. Patrick I doubt he will crash the price, but there will probably be a few significant walls being put up at least. |
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AngelSky
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July 17, 2013, 09:22:21 PM |
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I doubt he will crash the price, but there will probably be a few significant walls being put up at least.
I think you're right on that point, time will tell. But even if we get some walls, I don't know if this is a bad thing or not. If you want to make money fast and sell at the highest price, you may be disapointed (maybe not), but if you look further, I think the share price will be more stable and more attractive for people who wants to invest in a growing business. |
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davos
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July 17, 2013, 09:33:49 PM |
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The whole order book does not support 1300 shares.
I'd be inclined to think he's more interested in investing in the company.
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Carnth
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July 17, 2013, 10:23:31 PM |
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Fun and lucrative...shouldn't you be getting close to an on-paper fiat millionaire?
Well, if anyone really wants to know (and because it will embarrass creativex, plus I can get away with it because he's traveling right now) here are the numbers in his local fiat (USD): 10000 shares * BTC0.71393 (24hr avg share prices) * ~$92 (24hr avg Gox) = $661,838.80 This number does not include any dividends that holding 20% of the virtual stock would give him. I'd say he's done a great job for less than a year's work.
In before he comes back with 3 minig rigs, 7 avalons and 5 singles
LOL  |
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carnitastaco
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July 17, 2013, 11:16:41 PM |
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Fun and lucrative...shouldn't you be getting close to an on-paper fiat millionaire?
Well, if anyone really wants to know (and because it will embarrass creativex, plus I can get away with it because he's traveling right now) here are the numbers in his local fiat (USD): 10000 shares * BTC0.71393 (24hr avg share prices) * ~$92 (24hr avg Gox) = $661,838.80 This number does not include any dividends that holding 20% of the virtual stock would give him. I'd say he's done a great job for less than a year's work.
In before he comes back with 3 minig rigs, 7 avalons and 5 singles
LOL Yeah, I did some quick math @.8/share and $100/coin, then 325 more shares incoming and creatives holdings should have thrown off ~27 BTC in divs since inception. Might seem hard to calculate based on changing # of shares and the split, but its just Sum for all days of (each daily div amount*total # of shares outstanding that day*.2). He is paying for all electricity/circuits/AC and all that which is probably starting to get significant, but ONE MILLION DOLLARS is a fun number to toss around  |
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carnitastaco
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July 17, 2013, 11:17:53 PM |
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There is no way the seller of the minirig is going to sit on over a thousand shares, I have a bad feeling that this new major shareholder might go on a selling spree or at least undercut current asks by a significant amount
Dude is instantly gonna be one of the biggest holders of Basic. Even if he has no interest in staying in it long term, he has even less interest in cratering the price, for purely selfish reasons |
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djjacket
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July 18, 2013, 12:49:56 AM |
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There is no way the seller of the minirig is going to sit on over a thousand shares, I have a bad feeling that this new major shareholder might go on a selling spree or at least undercut current asks by a significant amount
Looks like someone may want to crash the price down a little a buy some more?  me too! |
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freedomno1
Legendary
 Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 18, 2013, 04:52:32 AM
Last edit: July 18, 2013, 08:17:24 AM by freedomno1 |
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Basics a steady eddie so it might get some investors from the S.Dice legions to offset haha
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Believing in Bitcoins and it's ability to change the world
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wiak2
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July 18, 2013, 02:52:33 PM |
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Guess the sale has been made. Now seeing 51625 outstanding shares on btct. Good work creativex, and thanks for making the road trip to secure the rig!
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lunarboy
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July 18, 2013, 02:57:42 PM |
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Double dividends heading to a place near you soon ! |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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July 18, 2013, 04:18:47 PM |
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75 bid wall  |
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yimfinity
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July 18, 2013, 04:21:02 PM |
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that is a bid/ask hillarious spread
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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July 18, 2013, 04:49:00 PM |
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that wall was legit, someone just sold into it!
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wiak2
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July 18, 2013, 08:12:33 PM |
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Orderbook is strangely static so far. I think it'll take off once we get some pics of the new rig. |
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yimfinity
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July 18, 2013, 08:24:49 PM |
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strange that the BM and COG share prices are almost the same and not much volume in either. obviously the # shares outstanding and mkt caps are quite different. just a musing on this slow trading day...
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djjacket
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July 18, 2013, 09:16:31 PM |
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Lots of coins going into AMC today.
They are close to the NRE and when they get it, they will remove the buy wall at .0025.
Might be why BM has not realized much action. Once the work is put out ona btct announcement we may see some additional action.
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wiak2
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July 18, 2013, 09:20:03 PM |
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Couple big walls put up, this might start things.
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