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Lohoris
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July 18, 2013, 01:28:45 PM |
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Second, all of those shareholders who got bought out are now looking for a place to invest... and there really is nowhere else to go but ASICminer. Look for the big spike.
There are many places actually. Not plenty of, but definitely not "just one" either. One, now we know who was pouring literally millions into btc pushing the price up to $100. They bought Satoshidice.
And do you think today's 12% drop is related too? +1 One, now we know who was pouring literally millions into btc pushing the price up to $100. They bought Satoshidice.
And do you think today's 12% drop is related too? It follows as day follows night. i.e. if price goes up you find a reason, if price goes down "it's just the market"? makes perfect sense. |
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Birdy
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July 18, 2013, 01:31:04 PM |
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Where has it dropped 12% - AM1 @ havelock has barely moved .... always expect a slight move down after d-day
Not the Asicminer shares, in fact they gained a bit. He is talking about the Bitcoin/USD price. I think a correlation is quite probably. |
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empoweoqwj
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July 18, 2013, 01:32:11 PM |
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Where has it dropped 12% - AM1 @ havelock has barely moved .... always expect a slight move down after d-day
Not the Asicminer shares, in fact they gained a bit. He is talking about the Bitcoin/USD price. ah .... please delete my inane question  |
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culexevilman
Legendary
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Activity: 1064
Merit: 1000
Bitcoin is too valuable to be used as a currency
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July 18, 2013, 01:36:09 PM |
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Where has it dropped 12% - AM1 @ havelock has barely moved .... always expect a slight move down after d-day
Not the Asicminer shares, in fact they gained a bit. He is talking about the Bitcoin/USD price. I think a correlation is quite probably. looks like when BTC/USD price falls, people buy AM shares to hedge their funds. |
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Rival
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July 18, 2013, 01:40:39 PM |
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i.e. if price goes up you find a reason, if price goes down "it's just the market"?
makes perfect sense.
The homes of the common man shake when giants walk by. |
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TsuyokuNaritai
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July 18, 2013, 01:43:39 PM |
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Where has it dropped 12% - AM1 @ havelock has barely moved .... always expect a slight move down after d-day
Not the Asicminer shares, in fact they gained a bit. He is talking about the Bitcoin/USD price. I think a correlation is quite probably. looks like when BTC/USD price falls, people buy AM shares to hedge their funds. It often happens the other way, AM shares being sold when BTC goes down. I'm guessing this jump in AM price is more likely to be speculation in anticipation of S.DICE owners looking for another good dividend stock in the coming days when they get their payout, which would raise the price of AM, probably by quite a lot if there's good news from Friedcat the same time. |
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nubbins
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Activity: 1554
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July 18, 2013, 02:00:12 PM |
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Anyone holding more than 99 fractional shares is just a fool IMAO.
Unless they're looking for price speculation and want a higher liquidity (I'm not sure which provides the best liquidity though - given how many exchanges there are with PTs and fractionals). +1. Full shares are nicer to hold but more cumbersome to trade, IME. Edit: IMAO = in my awesome opinion?  |
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joele
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Activity: 1022
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July 18, 2013, 02:01:09 PM |
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Right now someone is buying at 4.7 btc in btct, I sold all my AM-PT shares and bought TAT at lower price and some were transferred to bitfunder to buy AM at 4.4, a good way to arbitrage.
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ThickAsThieves
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July 18, 2013, 02:01:52 PM |
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Where has it dropped 12% - AM1 @ havelock has barely moved .... always expect a slight move down after d-day
Not the Asicminer shares, in fact they gained a bit. He is talking about the Bitcoin/USD price. I think a correlation is quite probably. looks like when BTC/USD price falls, people buy AM shares to hedge their funds. It often happens the other way, AM shares being sold when BTC goes down. I'm guessing this jump in AM price is more likely to be speculation in anticipation of S.DICE owners looking for another good dividend stock in the coming days when they get their payout, which would raise the price of AM, probably by quite a lot if there's good news from Friedcat the same time. The price run up is due to 1 aggressive buyer, not a larger crowd movement. However, I do anticipate some buying after the SDICE payout. |
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binaryFate
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Activity: 1512
Merit: 1012
Still wild and free
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July 18, 2013, 02:03:52 PM |
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Where has it dropped 12% - AM1 @ havelock has barely moved .... always expect a slight move down after d-day
Not the Asicminer shares, in fact they gained a bit. He is talking about the Bitcoin/USD price. I think a correlation is quite probably. looks like when BTC/USD price falls, people buy AM shares to hedge their funds. It often happens the other way, AM shares being sold when BTC goes down. I'm guessing this jump in AM price is more likely to be speculation in anticipation of S.DICE owners looking for another good dividend stock in the coming days when they get their payout, which would raise the price of AM, probably by quite a lot if there's good news from Friedcat the same time. The price run up is due to 1 aggressive buyer, not a larger crowd movement. However, I do anticipate some buying after the SDICE payout. Do you know when the SDICE payout will be made? |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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Lohoris
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July 18, 2013, 02:15:17 PM |
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Anyone holding more than 99 fractional shares is just a fool IMAO.
Unless they're looking for price speculation and want a higher liquidity (I'm not sure which provides the best liquidity though - given how many exchanges there are with PTs and fractionals). True, I was discounting speculators, counting only investors. Speculators can speculate on anything, it doesn't mean that it has any real value, though ; ) Edit: IMAO = in my awesome opinion? "Arrogant" ^_^ |
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empoweoqwj
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July 18, 2013, 02:16:59 PM |
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Where has it dropped 12% - AM1 @ havelock has barely moved .... always expect a slight move down after d-day
Not the Asicminer shares, in fact they gained a bit. He is talking about the Bitcoin/USD price. I think a correlation is quite probably. looks like when BTC/USD price falls, people buy AM shares to hedge their funds. not that old chestnut |
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TsuyokuNaritai
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July 18, 2013, 02:36:13 PM |
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looks like when BTC/USD price falls, people buy AM shares to hedge their funds.
It often happens the other way, AM shares being sold when BTC goes down. I'm guessing this jump in AM price is more likely to be speculation in anticipation of S.DICE owners looking for another good dividend stock in the coming days when they get their payout, which would raise the price of AM, probably by quite a lot if there's good news from Friedcat the same time. The price run up is due to 1 aggressive buyer, not a larger crowd movement. However, I do anticipate some buying after the SDICE payout. How do you know that, considering it happened on BitFunder as well as btct, and in several buys over the course of a few hours? |
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velacreations (OP)
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July 18, 2013, 02:41:17 PM |
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looks like when BTC/USD price falls, people buy AM shares to hedge their funds.
It often happens the other way, AM shares being sold when BTC goes down. I'm guessing this jump in AM price is more likely to be speculation in anticipation of S.DICE owners looking for another good dividend stock in the coming days when they get their payout, which would raise the price of AM, probably by quite a lot if there's good news from Friedcat the same time. The price run up is due to 1 aggressive buyer, not a larger crowd movement. However, I do anticipate some buying after the SDICE payout. How do you know that, considering it happened on BitFunder as well as btct, and in several buys over the course of a few hours? yeah, I'm not sure it is just one buyer, the pattern of buys seems a bit random, but it certainly could be. |
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deltanine
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July 18, 2013, 02:41:38 PM |
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Where has it dropped 12% - AM1 @ havelock has barely moved .... always expect a slight move down after d-day
Not the Asicminer shares, in fact they gained a bit. He is talking about the Bitcoin/USD price. I think a correlation is quite probably. looks like when BTC/USD price falls, people buy AM shares to hedge their funds. not that old chestnut Yep... here we go with the hedge talk again. Even though last time bitcoin value dropped significantly AM price dropped as well. |
Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
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empoweoqwj
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July 18, 2013, 02:47:29 PM |
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Where has it dropped 12% - AM1 @ havelock has barely moved .... always expect a slight move down after d-day
Not the Asicminer shares, in fact they gained a bit. He is talking about the Bitcoin/USD price. I think a correlation is quite probably. looks like when BTC/USD price falls, people buy AM shares to hedge their funds. not that old chestnut Yep... here we go with the hedge talk again. Even though last time bitcoin value dropped significantly AM price dropped as well. Don't let facts get in the way of a crap theory  |
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joele
Legendary
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Activity: 1022
Merit: 1000
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July 18, 2013, 02:54:24 PM |
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looks like when BTC/USD price falls, people buy AM shares to hedge their funds.
It often happens the other way, AM shares being sold when BTC goes down. I'm guessing this jump in AM price is more likely to be speculation in anticipation of S.DICE owners looking for another good dividend stock in the coming days when they get their payout, which would raise the price of AM, probably by quite a lot if there's good news from Friedcat the same time. The price run up is due to 1 aggressive buyer, not a larger crowd movement. However, I do anticipate some buying after the SDICE payout. How do you know that, considering it happened on BitFunder as well as btct, and in several buys over the course of a few hours? Only one buyer buying at 4.7 in btct, those who sold their shares of course will buy cheaper shares at bitfunder, Im one of them thus lower asks price sold out. |
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binaryFate
Legendary
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Activity: 1512
Merit: 1012
Still wild and free
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July 18, 2013, 02:56:45 PM |
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looks like when BTC/USD price falls, people buy AM shares to hedge their funds.
It often happens the other way, AM shares being sold when BTC goes down. I'm guessing this jump in AM price is more likely to be speculation in anticipation of S.DICE owners looking for another good dividend stock in the coming days when they get their payout, which would raise the price of AM, probably by quite a lot if there's good news from Friedcat the same time. The price run up is due to 1 aggressive buyer, not a larger crowd movement. However, I do anticipate some buying after the SDICE payout. How do you know that, considering it happened on BitFunder as well as btct, and in several buys over the course of a few hours? Only one buyer buying at 4.7 in btct, those who sold their shares of couse will buy cheaper shares at bitfunder, Im one of them thus lower asks price sold out. There is a buy wall of 326 shares at 4.61 on btct, I doubt it is the same buyer. Whether it is manipulation or a serious buy attempt, there are big players playing around EDIT: I love to think that it is a board member with inside info of what news are coming soon... |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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joele
Legendary
Offline
Activity: 1022
Merit: 1000
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July 18, 2013, 03:01:26 PM |
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looks like when BTC/USD price falls, people buy AM shares to hedge their funds.
It often happens the other way, AM shares being sold when BTC goes down. I'm guessing this jump in AM price is more likely to be speculation in anticipation of S.DICE owners looking for another good dividend stock in the coming days when they get their payout, which would raise the price of AM, probably by quite a lot if there's good news from Friedcat the same time. The price run up is due to 1 aggressive buyer, not a larger crowd movement. However, I do anticipate some buying after the SDICE payout. How do you know that, considering it happened on BitFunder as well as btct, and in several buys over the course of a few hours? Only one buyer buying at 4.7 in btct, those who sold their shares of couse will buy cheaper shares at bitfunder, Im one of them thus lower asks price sold out. There is a buy wall of 326 shares at 4.61 on btct, I doubt it is the same buyer. Whether it is manipulation or a serious buy attempt, there are big players playing around EDIT: I love to think that it is a board member with inside info of what news are coming soon... That's what I thought too. |
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TsuyokuNaritai
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July 18, 2013, 03:02:57 PM |
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looks like when BTC/USD price falls, people buy AM shares to hedge their funds.
It often happens the other way, AM shares being sold when BTC goes down. I'm guessing this jump in AM price is more likely to be speculation in anticipation of S.DICE owners looking for another good dividend stock in the coming days when they get their payout, which would raise the price of AM, probably by quite a lot if there's good news from Friedcat the same time. The price run up is due to 1 aggressive buyer, not a larger crowd movement. However, I do anticipate some buying after the SDICE payout. How do you know that, considering it happened on BitFunder as well as btct, and in several buys over the course of a few hours? Only one buyer buying at 4.7 in btct, those who sold their shares of course will buy cheaper shares at bitfunder, Im one of them thus lower asks price sold out. Don't know what btct trade history you're looking at, I see lots of different buys at or over 4.7, across the last 5+ hours. Also there were lots of buys in between those, and leading up to those, and several buys on BitFunder across a few hours taking it up to 4.6 from below 4.4 earlier. |
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