btt

[Twilight_Sparkle]

Just bought some shares during this clearance sale. Honestly you would think that all the mining rigs burst into flames or something considering the price drop. If this is typical when a bunch of new ipo companys come onto the scene, well I hope a bunch more come.

[AngelSky]

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.

At this point (0.2), I cannot agree more.

[AngelSky]

People are selling cheap to buy Labcoin now. They saw the Q&A that tells not much and they think they will become rich

[deltanine]

People are selling cheap to buy Labcoin now. They saw the Q&A that tells not much and they think they will become rich

My thinking is that one of these new IPOs will fail spectacularly before one will wildly succeed.  Once the first one fails, investors will abandon all of them in droves.

[AngelSky]

People are selling cheap to buy Labcoin now. They saw the Q&A that tells not much and they think they will become rich

My thinking is that one of these new IPOs will fail spectacularly before one will wildly succeed.  Once the first one fails, investors will abandon all of them in droves.

Same thought. When the time will come, BM is going to buy the hardware of the winner. I'm just waiting for another price drop to buy more shares :p Do you think people are crazy enough to sell @ <0.2 ? I've already sold my shares from these companies (labcoin, garden, blahblah) having fun with all this volatility. Free coins here and there..

[zefyr0s]

People are selling cheap to buy Labcoin now. They saw the Q&A that tells not much and they think they will become rich

Honestly the Q&A didn't go so bad, but people would be stupid to dump
ALL of their shares into anything that isn't 100% going to rise in
price immediately. Better to only sell some...

[AngelSky]

People are selling cheap to buy Labcoin now. They saw the Q&A that tells not much and they think they will become rich

Honestly the Q&A didn't go so bad, but people would be stupid to dump
ALL of their shares into anything that isn't 100% going to rise in
price immediately. Better to only sell some...

+1

[deltanine]

Same thought. When the time will come, BM is going to buy the hardware of the winner.

This is one of the reasons I like a straight mining contract like basic.  Since we aren't manufacturing the things, we can remain agnostic and purchase from whoever is best.  Plus, I've got big confidence in creativex's tinkering skills to get the most out of the hardware purchased.

[AngelSky]

Same thought. When the time will come, BM is going to buy the hardware of the winner.

This is one of the reasons I like a straight mining contract like basic.  Since we aren't manufacturing the things, we can remain agnostic and purchase from whoever is best.  Plus, I've got big confidence in creativex's tinkering skills to get the most out of the hardware purchased.

Yup. Even if CreativeX is a "family guy" and some of us (including me) would like to have a more usual company organization, he's the best (IMO) to manage this kind of business. He has nothing to prove at this point. That's why I'm putting my money back here.

[miTgiB]

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.

Active trading is a sure fire way to lose 99% of the time.  I sold recently as I have an opportunity outside of BTC that the funds will be used for, which may or may not be a better opportunity, but one I was willing to pursue.

So your question to answer is, what do you have open to you that you feel could be a better use of the funds, if you can't answer that, holding and collecting the dividend might be your best option.

[ChefBorjan]

I've been debating putting some into BASIC, especially because I just like the way CreativeX is going about this in general, and now with the price dropping I just decided to pull the trigger for a couple of BTCs worth.

[AngelSky]

People are selling cheap to buy Labcoin now. They saw the Q&A that tells not much and they think they will become rich

That Q&A made me want to sell all my Labcoin shares if I had any, given how ridiculous it was.

"but  we don't see how we are inferior to those vaporware companies"
"it's very unlikely we are making everything up"

That's what I did (for a good price) 

[KCBitcoin]

People are selling cheap to buy Labcoin now. They saw the Q&A that tells not much and they think they will become rich

That Q&A made me want to sell all my Labcoin shares if I had any, given how ridiculous it was.

"but  we don't see how we are inferior to those vaporware companies"
"it's very unlikely we are making everything up"

labcoin lost already

[Carnth]

I think we can all agree that bASIC-MINING now means exactly that. Mining with the fundamental basics.
Creativex has done an excellent job making sure the basics are covered.

Not succumbing to promises by ASIC companies (OK, just that once, and we will never speak of it again ).
Caring for the equipment by adding additional cooling inside and out.
Tuning the equipment for efficiency.
Carefully evaluating opportunities and not jumping in with both feet.

Conservative basics like these have made this asset a strong value. Enjoy the lower priced shares.

Apologies to creativex for changing the meaning behind the asset's name: bASIC-MINING.

[Pompobit]

I think we can all agree that bASIC-MINING now means exactly that. Mining with the fundamental basics.
Creativex has done an excellent job making sure the basics are covered.

Not succumbing to promises by ASIC companies (OK, just that once, and we will never speak of it again ).
Caring for the equipment by adding additional cooling inside and out.
Tuning the equipment for efficiency.
Carefully evaluating opportunities and not jumping in with both feet.

Conservative basics like these have made this asset a strong value. Enjoy the lower priced shares.

Apologies to creativex for changing the meaning behind the asset's name: bASIC-MINING.

cannot agree more

[MilkyLep]

Everyone seems convinced the price decrease is a result of investors selling in order to get rich quick off IPOs. I've seen decent sells here and there on the books, but what about those "heavier" transactions? Could it be a single investor selling off his/her booty and/or just realizing some wealth?

Regardless everyone is mentioning the [conservative] fundamentals of bASIC-Mining and in the "long"-term, this foundation of disciplined thought and practice will allow creativeX/shareholders to quickly adapt to network difficulty by allocating reserve funds towards proven, powerful, efficient, cutting edge mining hardware. And profitable, I forgot to include profitable as well. Long after the shiny Labc0in/BTCgarden/iceyhot/conterra/bitfurry/kNc/avalone/BFL nuclear fallout settles.

Everything that shines aint always goin' be gold.


TLDR;

So in conclusion, please keep selling. I have no problem utilizing my IPO craze funds to strengthen my position in bASIC.

Enjoy the lower priced shares.

...Thank you? 

All in all, I find hedging my bitcoin exposure with bASIC-mining shares reassuring in a way. Foolish as it may appear, there's no use fretting on short term losses/gains. Investments aren't typically begun and completed within your arm length's worth of time.

[stslimited]

yeah.

I held a little at .040, collected divs for a few weeks then sold for some more volatile pastures

then I bought in at .077 and rode it to .40, then sold

then I bought in at .45 and set a limit order at .95 to take advantage of the lack of liquidity in the face of good news

the limit order got filled so fast.

got some at .5 and sold at .7

I'm back in at .28 and here for the ride, without volatility this is a 30% annualized yield at these price levels, and given the size of the treasury we are very able to increase our hash rate to the keep up with network difficulty with more efficient hardware

[davos]

The real question is how long basic can maintain a growth rate in excess of difficulty growth - and if difficulty growth will allow the investments past and future to reach lifetime positive yield. I think there's real risk in mining that just one or two new entrants could do serious damage to the profitability of already hashing hardware (let alone their now hardware).

[stslimited]

The real question is how long basic can maintain a growth rate in excess of difficulty growth - and if difficulty growth will allow the investments past and future to reach lifetime positive yield. I think there's real risk in mining that just one or two new entrants could do serious damage to the profitability of already hashing hardware (let alone their now hardware).

I consider this, but for share price appreciation, people don't need to speculate on incoming hardware like they have in the past few weeks, basic just needs hardware to keep the yield exactly where it is now, and investors will not simply let a security have 30% annual dividends, they will push the price up till its back down to 8% or lower.



also look at the 1-month chart on coinflow.   .24 is a clear support area

although obviously the order book won't support it if someone still wants to sell lol. where are the market makers at?

[yimfinity]

agreed. for the div yield, this is pretty damn appealing. even factoring in difficulty increases. there is a some decent margin of safety (as far as BTC investments go anyways)