ASICMINER Speculation Thread

[nycgoat]

First circle was a dip at the 2.5 wall if I am correct.

Second was when/after the lower dividend for this last week was announced.

Third (today) is when someone exercised options. Shares were trading at around 3.3 and then someone exercised options contracts with a strike of below 3.  If you guys know how options contracts work then you will fully understand that this was just another reason to purchase more shares at a lower point because of other people's misunderstandings (they were the ones selling outside of the contracts being executed). 

first dip. when BTC/USD prices dropped temporarily.
second. during uncertainty over lower hashrate/lower divs.
third. ^^?

Third is when competitors enter the market and hash per BTC becomes the weak point of ASICMINER for a while. I am sure ASICMINER would get us there (On par with competitors hash per BTC), But until ASICMINER do, Alot will pull out and alot will panic sell at each announcement competitors would release. That is why my strategy is to keep the shares bought at less than 2 BTC, The rest bought with more are for speculation and day trading, But not for the keeping.

Just my humble opinion.

Sorry man, but you are wrong.  Look at the orders from yesterday on BTCT.  I am trying to get the page to load now but it wont... If it does, and I can view orders back that far, then I will post screenshots.  It VERY clearly says "options exercised" or something in the view that show more detail about each order. 

http://www.optiontradingpedia.com/call_options.htm

Call Options enable you to buy the underlying stock at a price fixed right now no matter how high it rallies in future for just a small price relative to the price of the underlying stock without first having to buy the underlying stock! Apart from being an incredibly flexible and risk limited leverage instrument, Call Options are fantastic hedging instruments for any stock portfolios.

Manipulated properly, it allows anyone to profit from any move in the underlying stock, take advantage of new trends or swings very quickly and hedge away positional risks. Small retail investors use Call Options as speculative instruments to turn a big profit from very small amounts of money and big institutional investors use it to protect their stock portfolios and to increase marginal revenue. In fact, employee stock options are Call Options too. Such widespread application and flexibility makes learning about how Call Options work, one of the most important investment knowledge of modern times.

[twentyseventy]

I'm selling my 25 shares 1Q1ytqxdKSgjJimmJ5nTxPiSt674QkBzzM - friedcat please confirm.

3.1 btc each

This is bitcoinplay

HF1SgooJ+IHXhCPFj/0os2M+x36mehj/Jk+FrmtJfq7beJQQuioTtqveyQXG1ZeK9wKZw07mDQGjwzcCZAw8mHs=

Friendcat doesn't verify holdings whenever his name is randomly called in the forums

[murfshake]

I'm selling my 25 shares 1Q1ytqxdKSgjJimmJ5nTxPiSt674QkBzzM - friedcat please confirm.

3.1 btc each

This is bitcoinplay

HF1SgooJ+IHXhCPFj/0os2M+x36mehj/Jk+FrmtJfq7beJQQuioTtqveyQXG1ZeK9wKZw07mDQGjwzcCZAw8mHs=

Friendcat doesn't verify holdings whenever his name is randomly called in the forums

Especially for a measly 25 shares lol!  This guy is running a 100 million dollar company and you call him out like he's your secretary!  Now let's be real, Friedcat he was a just a humble guy and a friend to many, like the rest of us a just a year ago, but he has grown in to something more, and we need to realize that.

[velacreations]

wow, slipped back down to 3 over night.  Any reason for that?

[ggg888]

btct.co is currently down. Anyone noticed?

[velacreations]

Especially for a measly 25 shares lol!  This guy is running a 100 million dollar company and you call him out like he's your secretary!  Now let's be real, Friedcat he was a just a humble guy and a friend to many, like the rest of us a just a year ago, but he has grown in to something more, and we need to realize that.

Well, technically, it is his job.  Granted, people should PM him, not call him out randomly in forum threads like he's batman or something.  

BUT, it's not our fault that he has to manually verify and transfer shares himself.  He chose to do it that way.  People shouldn't have their share transactions limited because we think he's busy.  Instead, if this system doesn't work for him, he should set something else up.

[nycgoat]

wow, slipped back down to 3 over night.  Any reason for that?

I just mentioned it a few posts above this one.

[velacreations]

btct.co is currently down. Anyone noticed?

yes, I have.  I noticed burnside was online, as well, so I'm sure he is aware of the situation.

[nycgoat]

btct.co is currently down. Anyone noticed?

Yes, and LTC Global.

[velacreations]

wow, slipped back down to 3 over night.  Any reason for that?

I just mentioned it a few posts above this one.

I'm talking about last night, the most recent dip, not the options thing:

[nycgoat]

wow, slipped back down to 3 over night.  Any reason for that?

I just mentioned it a few posts above this one.

I'm talking about last night, the most recent dip, not the options thing:

Sorry about that.  Not sure, maybe people just panic selling because they don't understand why it dropped earlier? 

[ThickAsThieves]

wow, slipped back down to 3 over night.  Any reason for that?

I just mentioned it a few posts above this one.

I'm talking about last night, the most recent dip, not the options thing:

Sorry about that.  Not sure, maybe people just panic selling because they don't understand why it dropped earlier? 

Not everything a signal, sometimes people just want to sell their position at the current price.

[velacreations]

last price is 3.13, so I guess it is bouncing back (whenever btct is back)

[Mabsark]

It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.

Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.

LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:

AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD

KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD

It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.

AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.

[empoweoqwj]

It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.

Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.

LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:

AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD

KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD

It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.

AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.

Where can I get a KNC Jupiter? I want to start mining with it tomorrow. I have the cash right now.

[John (John K.)]

It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.

Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.

LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:

AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD

KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD

It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.

AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.

Where can I get a KNC Jupiter? I want to start mining with it tomorrow. I have the cash right now.

+1. I want a lot of them too, and not just one.

[ning]

It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.

Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.

LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:

AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD

KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD

It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.

AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.

Where can I get a KNC Jupiter? I want to start mining with it tomorrow. I have the cash right now.

+1

[dexX7]

It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.

AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.

Yeah, but only if they stop working and still sell Blades for 50 BTC in the next months.

The next ASIC generation will come, shall it be KNC, Avalon or ASICMINER generation 2.

History showed us, what they are capable of doing and I have no reason to believe things will change fundamentally soon.

[twentyseventy]

wow, slipped back down to 3 over night.  Any reason for that?

I just mentioned it a few posts above this one.

Woke up to some trade confirmations that got me in on TAT at .03 around 145AM-245AM ET, looks like someone sold it down to about .0292. There weren't a ton of bids last night, so I wasn't too surprised to see it dip down. It was probably only around 100-125 total volume.

Saw BTC-TC before it went totally down this morning and the price looked liked it was around .0313 ASK, with significant BID pressure at .0304 - between 400-700 qty bid at that price.

[empoweoqwj]

wow, slipped back down to 3 over night.  Any reason for that?

I just mentioned it a few posts above this one.

Woke up to some trade confirmations that got me in on TAT at .03 around 145AM-245AM ET, looks like someone sold it down to about .0292. There weren't a ton of bids last night, so I wasn't too surprised to see it dip down. It was probably only around 100-125 total volume.

Saw BTC-TC before it went totally down this morning and the price looked liked it was around .0313 ASK, with significant BID pressure at .0304 - between 400-700 qty bid at that price.

I think the better question is why did it suddenly jump well over 3? It was only 48 hrs ago I bought mine for 2.75.

Why are people worried about tiny downturns when the general direction is up up up?