gog1
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July 24, 2013, 08:20:55 PM |
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the one that just happened with every buy order above 4.55 got filled.
Price went from 4.8 to 4.55
I believe burnside plans to ban US based user from buying stock and they'll be given some time to liquidate their asset. This caused the crash rather than market's take on the dividend.
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Bitcycle
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July 24, 2013, 08:24:24 PM |
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He *might* have to bar US users. He was very clear that his plans are not yet set in stone. He was also clear that selling shares US users already owned would not be affected, even after whatever time limit expired. Right now there's just some people plain panicking.
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chanson
Member
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Activity: 84
Merit: 10
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July 24, 2013, 08:33:11 PM Last edit: July 24, 2013, 08:48:12 PM by chanson |
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the one that just happened with every buy order above 4.55 got filled.
Price went from 4.8 to 4.55
TAT went to .0438
Volume was up quite a bit even before burnside made that post. But AM ranges 0.3/day quite often. I guess I just wouldn't have called that a "crash" when it still fits within normal variance and doesn't look extraordinary when staring at the charts. I even doubt it's lower than it was this time last week. But if you want to feed a panic so you can buy, by all means go ahead. Now, if you want better reasons to sell, perhaps the batch of 10,000 Avalon chips buys that were delivered today. http://thegenesisblock.com/10000-bitcoin-asic-chips-arrive-in-switzerland-3-ths/
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velacreations (OP)
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July 24, 2013, 09:55:03 PM |
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Volume was up quite a bit even before burnside made that post. But AM ranges 0.3/day quite often. I guess I just wouldn't have called that a "crash" when it still fits within normal variance and doesn't look extraordinary when staring at the charts. I even doubt it's lower than it was this time last week. But if you want to feed a panic so you can buy, by all means go ahead. Now, if you want better reasons to sell, perhaps the batch of 10,000 Avalon chips buys that were delivered today. http://thegenesisblock.com/10000-bitcoin-asic-chips-arrive-in-switzerland-3-ths/I am not feeding a panic, and no, buy orders were not being filled at that rate before burnside's announcement. The current price is now 4.11. You still think it's just variance? I don't know why people would sell with AM, though. You can exchange BTCT shares for direct shares, so it doesn't make sense to sell. Of course, many securities just crashed, so people might be moving money to another security.
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Birdy
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July 24, 2013, 09:58:55 PM |
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It's at 4 Btc. Didn't expect it to go that low, good buying opportunity I guess.
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velacreations (OP)
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July 24, 2013, 10:02:56 PM |
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It's at 4 Btc. Didn't expect it to go that low, good buying opportunity I guess.
the weird thing is that it is that low on bitfunder, too people are just panicing, so yes, really good time to buy shares. I wish I had more coins!
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Ozymandias
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July 24, 2013, 10:07:38 PM |
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There are some great puts still available around 4.35ish; those that think AM still has lower to go may want to look into them on btct
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velacreations (OP)
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July 24, 2013, 10:14:19 PM |
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I think the bottom will be 4.1, it looks like people are realizing their mistake...
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Bitcycle
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July 24, 2013, 10:17:35 PM |
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Some actually sold at 4.0
We'll see if this is a dead cat bounce or the end of the panic. There's still that 100 at 4.5 that might push the price down.
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velacreations (OP)
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July 24, 2013, 10:22:36 PM |
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Some actually sold at 4.0
We'll see if this is a dead cat bounce or the end of the panic. There's still that 100 at 4.5 that might push the price down.
I think you'll see that order disappear when we get close. I hope it is just a dead cat bounce, cause I am waiting for coins to confirm...
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velacreations (OP)
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July 24, 2013, 10:24:56 PM |
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I think you'll see that order disappear when we get close.
oh look, it's gone... looks like some folks may have used the fake news as a way to manipulate a bit. Or, I guess it can just all be panic. Either way, I wish I was the one buying at 4.1!!
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Ninshatamoto
Member
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Activity: 69
Merit: 10
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July 24, 2013, 10:27:40 PM |
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I think the bottom will be 4.1, it looks like people are realizing their mistake...
Just watched some lucky SOB pick up 600 passthrough shares on Havelock at 0.041 each
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velacreations (OP)
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July 24, 2013, 10:29:53 PM |
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I think the bottom will be 4.1, it looks like people are realizing their mistake...
Just watched some lucky SOB pick up 600 passthrough shares on Havelock at 0.041 each yeah, I've been seeing a lot of that. By the time my coins confirm, the price will be back to 4.9
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Pierre
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July 24, 2013, 11:05:02 PM |
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lol everyone selling at 4 or 4.2 are gonna cry in about 2 weeks when the blades send dividends through the roof!
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elitenoob
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July 24, 2013, 11:07:37 PM |
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ehm nice price drop...dont know why but i like it... just thought yesterday that it would be nice if they drop to 4BTC so i can buy some...my wish came true
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velacreations (OP)
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July 24, 2013, 11:22:23 PM |
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ehm nice price drop...dont know why but i like it... just thought yesterday that it would be nice if they drop to 4BTC so i can buy some...my wish came true can you please wish that 1,000 btc drops into my wallet?
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BlackLilac Jordan
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July 25, 2013, 12:18:25 AM |
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lol everyone selling at 4 or 4.2 are gonna cry in about 2 weeks when the blades send dividends through the roof!
hahaha that's for sure but they're already crying now that it's back up to over 4.6! what a world
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Birdy
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July 25, 2013, 12:22:08 AM |
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We'll see if this is a dead cat bounce or the end of the panic.
It's a fried cat bounce xD Those go higher with every bounce
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Ozymandias
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July 25, 2013, 12:55:23 AM |
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We'll see if this is a dead cat bounce or the end of the panic.
It's a fried cat bounce xD Those go higher with every bounce I really like that term and will use to it describe whenever a stock drops then rebounds (more or less stably) to higher than it was before it dropped.
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lophie
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July 25, 2013, 05:11:30 AM |
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Guys I think I missed something in the two weeks I was busy away from the forums. I completely understand why ASICMINER jumped from IPO price to 3-3.2BTC, Most if not all of us did extensive calculations to see if the price is sustainable considering other factors like MH per share and the compititors and Div percentage, ROI, etc.
I don't see anything changing so the price would shoot to 4.5++. So did anything happen while I was away? (aside of distributes and franchising the chips)
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Will take me a while to climb up again, But where is a will, there is a way...
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