Mabsark
Legendary
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Activity: 826
Merit: 1004
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July 05, 2013, 03:49:39 PM |
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I saw some fake walls today, now we are talking manipulation !  big ones, too. These manipulators want AM around 4. Notice when those sell walls disappeared, they started filling buy orders to fake panic. The hashrate's been lowish for a few days now. I wonder what Friedcat's up to.
Maybe testing new blades. We probably won't get an updated until after next week's dividend, at which time, he'll probably announce the new blades for sale. Discounting the 150 second hand Blades that AM auctioned off for 50 BTC, what Blades have AM sold? |
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velacreations (OP)
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July 05, 2013, 03:57:34 PM |
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Blades are not for sale right now, read my comment. He will announce NEXT WEEK the sale of NEW BLADES (~July 10)
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velacreations (OP)
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July 05, 2013, 04:03:18 PM |
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look at the real sell orders, very thin until ~2.64
I think people value AM higher than what the manipulators are selling at...
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pikeadz
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July 05, 2013, 04:26:57 PM |
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I saw some fake walls today, now we are talking manipulation ! big ones, too. These manipulators want AM around 4. Notice when those sell walls disappeared, they started filling buy orders to fake panic. The hashrate's been lowish for a few days now. I wonder what Friedcat's up to.
Maybe testing new blades. We probably won't get an updated until after next week's dividend, at which time, he'll probably announce the new blades for sale. Discounting the 150 second hand Blades that AM auctioned off for 50 BTC, what Blades have AM sold? Those were not secondhand, they were new. Just like the ones in the sales thread. |
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velacreations (OP)
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July 05, 2013, 05:01:08 PM |
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manipulation not paying off on BTCT, anymore, people are not dropping sell orders.
Looks like they've moved to Bitfunder, now...
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ThickAsThieves
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July 05, 2013, 05:08:44 PM |
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manipulation not paying off on BTCT, anymore, people are not dropping sell orders.
Looks like they've moved to Bitfunder, now...
No one is filling those asks on BTCT either. Not everything is manipulation. Even the dip under 4 recently was largely people either preemptively selling before panic sellers wanting to cash out for fiat, or honest sellers wanting to get out for fiat. A preemptive strike is not manipulation, it's smart trading. |
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velacreations (OP)
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July 05, 2013, 05:17:31 PM |
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manipulation not paying off on BTCT, anymore, people are not dropping sell orders.
Looks like they've moved to Bitfunder, now...
No one is filling those asks on BTCT either. Not everything is manipulation. Even the dip under 4 recently was largely people either preemptively selling before panic sellers wanting to cash out for fiat, or honest sellers wanting to get out for fiat. A preemptive strike is not manipulation, it's smart trading. the vast majority was manipulation. The sells under 4 were reactions to the large manipulation drop before then. I agree that not everything is manipulation, but right now, a lot of the down pressure is. |
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mechs
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July 05, 2013, 06:23:15 PM |
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ASICMINER is dropping since it is very much leveraged to the Fiat/BTC ratio which is in a nosedive.
Less Fiat, means less money to buy new hardware
Less Fiat, means less money to pay for R&D
Less Fiat, means less money to pay for electricity and labor costs
Lower Fiat/BTC, means more cash flow has to go to the above, means lower dividend, means lower stock price
The short-term looks ugly and I bought some puts a couple days ago, already in the money. Mid and Long term all depends on a combo of the Fiat/BTC ratio and the ability of friedcat to continue to keep ahead technologically than the competition.
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velacreations (OP)
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July 05, 2013, 06:28:02 PM |
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ASICMINER is dropping since it is very much leveraged to the Fiat/BTC ratio which is in a nosedive. not really. it's dropping because there is a manipulator filling sell orders down to the bottom to scare people. right now, the only affect BTC/USD has on AM share price are that some people want to turn their BTC to USD. |
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AMuppInTime
Donator
Sr. Member
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Activity: 290
Merit: 250
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July 05, 2013, 06:32:44 PM |
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ASICMINER is dropping since it is very much leveraged to the Fiat/BTC ratio which is in a nosedive. not really. it's dropping because there is a manipulator filling sell orders down to the bottom to scare people. right now, the only affect BTC/USD has on AM share price are that some people want to turn their BTC to USD. If I was a big player with decent # of shares and saw the price of bitcoin drop 40%, I'd likely would want to secure some $$ earnings as a hedge by sacrificing some 400 shares (about how many went down today) meanwhile if I had BTC on hand i'd put in some low bids around 3.8 and cross my fingers. |
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aahzmundus
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July 05, 2013, 06:33:26 PM |
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ASICMINER is dropping since it is very much leveraged to the Fiat/BTC ratio which is in a nosedive. not really. it's dropping because there is a manipulator filling sell orders down to the bottom to scare people. right now, the only affect BTC/USD has on AM share price are that some people want to turn their BTC to USD. BTC/RMB matters, for the fixed costs of production, electricity, and cooling. And I have to imagine there is arbitrage between USD/BTC/RMB so that when one falls, they all follow. Thankfully our fixed costs are a small portion of our profits for now, but if this happens when we have thinner margins... I am putting bids in at ~4.0 on TAT every time I find more BTC to move over. |
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CMMPro
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July 05, 2013, 06:53:20 PM |
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Yep, me too....as soon as Friedcat shares some new knowledge it is going to shoot back up.
More usb erupters will also be in stock soon...
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dandannn
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July 05, 2013, 06:55:46 PM |
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Is it safe to add funds to Havelock atm?
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velacreations (OP)
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July 05, 2013, 07:20:38 PM |
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consider that the new blades should be announced/possibly go on sale around July 10.
If btc/usd is still low by then, how will that affect blade sales? you can buy more blade per USD when btc is down.
I think most people expect us/btc to rise in the next months, so buying mining equipment when btc are cheap, especially when sold in btc, should be a good investment.
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velacreations (OP)
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July 05, 2013, 07:22:04 PM |
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BTC/RMB matters, for the fixed costs of production, electricity, and cooling. And I have to imagine there is arbitrage between USD/BTC/RMB so that when one falls, they all follow.
Thankfully our fixed costs are a small portion of our profits for now, but if this happens when we have thinner margins...
I am putting bids in at ~4.0 on TAT every time I find more BTC to move over.
it certainly matters, but I don't think it is a driving force to determine value of AM stock. BTC has been losing value for weeks, yet AM's price has been increasing. If I had extra coins to buy at 4, I certainly would. |
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Mabsark
Legendary
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Activity: 826
Merit: 1004
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July 05, 2013, 07:36:37 PM |
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Yep, me too....as soon as Friedcat shares some new knowledge it is going to shoot back up.
More usb erupters will also be in stock soon...
I think people will be more weary next time, especially those that lost BTC this time. If you buy shares just because Friedcat makes a post, then you're a fool. Anyone who actually does the maths will see instantly that AM shares at the current price offer terrible value compared to other mining options. Competition will force them to offer competitive pricing. People here can pump the stock as much as they want but that's only going to make AM even worse value and we'll see a repeat of this cycle. That's just going to cause investors to look elsewhere. |
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pikeadz
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July 05, 2013, 07:39:38 PM |
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Is it safe to add funds to Havelock atm?
I just did, no problem. Snapped up some shares in the .0380s too. |
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dandannn
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July 05, 2013, 07:40:18 PM |
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Nice !
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Mabsark
Legendary
Offline
Activity: 826
Merit: 1004
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July 05, 2013, 07:44:31 PM |
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consider that the new blades should be announced/possibly go on sale around July 10.
If btc/usd is still low by then, how will that affect blade sales? you can buy more blade per USD when btc is down.
I think most people expect us/btc to rise in the next months, so buying mining equipment when btc are cheap, especially when sold in btc, should be a good investment.
Has it been announced that the new Blades will be available for sale? As far as I'm aware, only 150 Blades have been auctioned off so far. What makes you think anything will be different with the new Blades? |
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pikeadz
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July 05, 2013, 07:54:28 PM |
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consider that the new blades should be announced/possibly go on sale around July 10.
If btc/usd is still low by then, how will that affect blade sales? you can buy more blade per USD when btc is down.
I think most people expect us/btc to rise in the next months, so buying mining equipment when btc are cheap, especially when sold in btc, should be a good investment.
Has it been announced that the new Blades will be available for sale? As far as I'm aware, only 150 Blades have been auctioned off so far. What makes you think anything will be different with the new Blades? 150 were auctioned. Hundreds more were sold in the sales thread (search for it). |
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