[AMC]-The Official Active Mining Cooperative Discussion

[steveioio]

Holy hell what is wrong with you people? Stop wasting forum space/time with irrelevant discussion of what a "weak hand" is! How about we talk about something much more pressing, like how the share price dropped so quickly?

Apparently that was caused by the weak hands.

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[steveioio]

Well as you made a direct comparison to 'strong hands' you made it far from obvious. Unless 'strong hands' is also a financial term? No? So you see why you caused confusion.

Actually it is:

A strong hand is a contract holder who is willing and likely will take possession of the underlying (commodity). They are the overwhelming minority in futures trading.

Oh Fuck Off!

ALBATROS?

[Vbs]

Hi Ken,

Can you please post additional information to back up your R & D announcement, such as screen cap/scan of a email/letter from eASIC verifying the claimed results or at a minimum some evidence that you have indeed been working together. 

The KnC chips are claimed to be 100GH/s each so the "World's Fastest Bitcoin Mining Chip" has already been challenged.  Here is the text from KnC's latest newsletter:

Chip Progress report
The more technical audience amongst our customers have been asking for a lot details on the chips we will use. The information we have available to you today is that Jupiter will be a 4 chip design and Saturn a 2 chip design.
This means that we can achieve a minimum of 100GH/s per chip. Which we think most people will agree, puts us far ahead of our current competitors.

A 100GH/s chip? Is that a good design choice? What happens when it breaks? You lose 100GH?

I would very much like to know the die size of those chips, the amount of cores each and the estimated power draw, since they mention their setups will be water-cooled.

[canuck]

http://www.investopedia.com/terms/w/weakhands.asp

For example, retail traders with weak hands would place a stop at the bottom of a double bottom or at the top of a double top and once the pattern is broken, they would automatically be stopped out. Conversely, dealer and institutional traders will exploit this behavior by staying in once the pattern is broken, forcing the weak hands out before allowing the price to change direction and the pattern to correct itself.

Are you going to qualify that quote? What point is it you are trying to make with it? I am baffled.

I'll do the work for you - so it's a recognized trading term? Well I clearly need to accept I was ignorant of that fact but have to say I was miss led by the OP when he blindly said it was a 'metaphor' - if he had said it's a 'trading metaphor' this confusion would have been avoided. Try to be clearer next time OP.  

"Weak hand" has to be one of THE most common terms used in the retail trading and investment space. OP was not misleading.

The great thing about Bitcoin is that you don't have to ask your parents for their credit card to buy things online anymore.

Conversely, one of the terrible things about Bitcoin is that you don't have to ask your parents for their credit card to buy things online anymore.

I'm sorry. Cruel joke and a cheap shot but I couldn't resist. This thread is currently terrible anyhow.

[lolstate]

A 'weak hand' is a metaphor in legacy finance for an investor who does not have the intention, experience or resources to hold his position.

Now if you had said that 2pages ago I wouldn't have misunderstood you wouid I?

The phrase 'weak hand' has nothing to do with physical prowess - I would have thought that was obvious.

Well as you made a direct comparison to 'strong hands' you made it far from obvious. Unless 'strong hands' is also a financial term? No? So you see why you caused confusion.

Well, 'strong hand' is indeed a finance term. Seems to me, the confusion is originating at your end. 

[Kushedout]

+1

[steveioio]

"Weak hand" has to be one of THE most common terms used in the retail trading and investment space. OP was not misleading.

Well who ask YOU anyway? I've never heard of it and that's all that matters.

I've seen a name like yours on ff is that the same you?

[stslimited]

Holy hell what is wrong with you people? Stop wasting forum space/time with irrelevant discussion of what a "weak hand" is! How about we talk about something much more pressing, like how the share price dropped so quickly?

Apparently that was caused by the weak hands.

AHAHAHAHA


yes, the share price dropped quickly because the free market is pricing them as less than worth they want to IPO at

[steveioio]

Well, 'strong hand' is indeed a finance term. Seems to me, the confusion is originating at your end. 

There's nothing wrong with my end. All cleared up now.

[canuck]

"Weak hand" has to be one of THE most common terms used in the retail trading and investment space. OP was not misleading.

Well who ask YOU anyway? I've never heard of it and that's all that matters.

I've seen a name like yours on ff is that the same you?

Nope.

[steveioio]

"Weak hand" has to be one of THE most common terms used in the retail trading and investment space. OP was not misleading.

Well who ask YOU anyway? I've never heard of it and that's all that matters.

I've seen a name like yours on ff is that the same you?

Nope.

OK OK don't get all defensive. I know it's you. 

[Vbs]

We need an AMC blog or something like that, because the FUD here is just insane. Even when I try to answer questions being raised, it'll be lost on all that gets thrown around.

The questions about the number of shares have been asked and answered over and over again, simply because they get lost in here.

[steveioio]

"Weak hand" has to be one of THE most common terms used in the retail trading and investment space. OP was not misleading.

Well who ask YOU anyway? I've never heard of it and that's all that matters.

I've seen a name like yours on ff is that the same you?

Nope.

OK OK don't get all defensive. I know it's you. 

Oh God here we go again so 'Canuck' is also a recognized a generic term? I see. So are you a strong or a weak Canuck?

[steveioio]

We need an AMC blog or something like that, because the FUD here is just insane. Even when I try to answer questions being raised, it'll be lost on all that gets thrown around.

The questions about the number of shares have been asked and answered over and over again, simply because they get lost in here.

What the HELL are you talking about? Everything is just fine here - move on.

[canuck]

"Weak hand" has to be one of THE most common terms used in the retail trading and investment space. OP was not misleading.

Well who ask YOU anyway? I've never heard of it and that's all that matters.

I've seen a name like yours on ff is that the same you?

Nope.

OK OK don't get all defensive. I know it's you. 

An affirmation of the negative is defensive? I thought it was just "nope" :-)

I'm gonna stop contributing to the clutter though the thread today has made me wonder how many people who trade on these unregulated exchanges have any experience on regulated ones.

[lolstate]

We need an AMC blog or something like that, because the FUD here is just insane. Even when I try to answer questions being raised, it'll be lost on all that gets thrown around.

The questions about the number of shares have been asked and answered over and over again, simply because they get lost in here.

Vbs, looking at the latest share holder list, what is your feeling for what has transpired today? Is the total number of investors down? Have any share holders grown their position? Is there anything else that can be guessed/inferred from the figures?

[stereotype]

For the ones who cant assimilate what AMC is about and what its aims are, and the ones who don't feel they are getting the right/enough information. AND the new participants who havnt been following the AMC story from the start, maybe the chart could tell you something. Because .0008 was a stable price where sentiment was without any of this news known by the then holders. Selling below this, WITHOUT bad news, is illogical for people who want to make money, and investors alike. Yes i bought.

[steveioio]

the thread today has made me wonder how many people who trade on these unregulated exchanges have any experience on regulated ones.

Where is the fun in selling to the experienced and cautious? We'd still be at 0.0005 if it wasn't for the muppets.

[mobile]

Unfortunately the burnt fingers were mostly weak hands. A stock is healthier without them - that's the cruel truth. The canny operators are the ones who did not sell. Today's opportunistic sellers who plan to buy back in will most likely make a loss unless they time it well. The price will be back at 0.0025 within a few days.

Not trying to stir up the bee's hive but "+1" on this post because it really sums it up nicely. Lmfao on the dialogue that follows. I am confident that the price will be back at 0.0025 in a few days & higher after that. Perhaps some newcomers invested assuming that crypto stocks was a way to "get rich quick".

[lolstate]

the thread today has made me wonder how many people who trade on these unregulated exchanges have any experience on regulated ones.

Where is the fun in selling to the experienced and cautious? We'd still be at 0.0005 if it wasn't for the muppets.

'Muppet' is also a legacy finance metaphor.