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velacreations (OP)
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August 08, 2013, 05:20:20 PM |
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there are a few things at play right now with AM:
1. Lack of news/details about upcoming blades - we've been waiting a while for this, and the lack of news has caused anxiety in the market
2. IPO Mania - everyone wants to get rick quick, yet the prices of all these new securities are dropping. I guess promises don't have a lot of value.
3. Whales liquidating - like it's been already said, lots of AM direct shares have flooded the market, there's little demand right now, lots of btc have been lost to the IPOs, so share price drops.
How does the downtrend change?
1. News from FC. I've seen rumors around Aug 10, Aug 20 as news dates. He typically makes announcements when there's a lot of good stuff to announce.
2. IPO mania continues to decline. As people lose money on these IPOs, and with each one they look less legit, people will start to ignore them, just as they do any new altcoin.
#2 takes care of itself, eventually. So does #1.
So, right now, the best strategy is to pick up cheap shares when and where possible, and wait for news.
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velacreations (OP)
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August 08, 2013, 06:56:22 PM |
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Looks like Avalon is shipping:  |
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Taxidermista
Legendary
 Offline
Activity: 1147
Merit: 1001
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August 09, 2013, 12:41:54 AM |
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Has anyone though that friedcat could be waiting for hundred of TH/s purchased to BFL or thousands of Avalon chips? I think it would be an interesting strategy.
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mechs
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August 09, 2013, 01:10:21 AM |
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Looks like my prediction we will see 3.0 before 5.0 going to come true. This will dip below 3 in an intra-day selling frenzy - keeping my coins on the sidelines waiting for that moment.
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str4wm4n
Legendary
Offline
Activity: 1611
Merit: 1001
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August 09, 2013, 01:20:29 AM |
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any predictions on the bottom?
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somestranger
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August 09, 2013, 01:42:14 AM |
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Looks like my prediction we will see 3.0 before 5.0 going to come true. This will dip below 3 in an intra-day selling frenzy - keeping my coins on the sidelines waiting for that moment.
Agreed. I see 3btc as the lowest it will go, but of course the market likes to prove me wrong. |
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kleeck
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August 09, 2013, 01:42:56 AM |
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Looks like my prediction we will see 3.0 before 5.0 going to come true. This will dip below 3 in an intra-day selling frenzy - keeping my coins on the sidelines waiting for that moment.
Just dipping in (pun intended!) to say that I highly doubt sub 3.0, but I'm wrong from time to time. People lose site of the reality of the market often, which is what would have to happen for AM to dip that low. Low 3's, maybe. The smart money is buying in now or waiting until Sat. to see what the weekend lull brings. The greedy bastards are waiting for 3 and sub 3, which they may get... Those bastards!  |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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August 09, 2013, 02:09:15 AM |
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Mumbles if it drops to the support at 2.5 then I'm all in
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Believing in Bitcoins and it's ability to change the world
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CMMPro
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August 09, 2013, 02:15:36 AM |
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If it drops to 2.5 I will also be all in....there is too much value there from the div's alone.
I just bought more at 3.4x, and I will keep buying all the way down.
Nom Nom Nom
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Rival
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August 09, 2013, 02:28:21 AM |
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Iv'e got my orders in... it just needs to dip a little lower.
Of course, if it goes back up I will be even more happy. When you are sitting on shares and have some divs to reinvest, you win either way, up or down.
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mechs
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August 09, 2013, 03:36:37 AM |
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It has weak support around 3.4, but any little bad news (or any "good" news from the competition) and you will definitely see panic selling. I don't think it will stay below 3.0 long, but I could see some big speculators dump for any price once it breaks below 3.0 leading to a swoosh down. That would be the time to buy. Anyway, time will prove whether I am right or wrong about hitting 3.0 before 5.0
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mechs
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August 09, 2013, 03:38:26 AM |
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It has weak support around 3.4, but any little bad news (or any "good" news from the competition) and you will definitely see panic selling. I don't think it will stay below 3.0 long, but I could see some big speculators dump for any price once it breaks below 3.0 leading to a swoosh down. That would be the time to buy. Anyway, time will prove whether I am right or wrong about hitting 3.0 before 5.0
Actually, would anyone like to make a bet with me? I'll do heads-up bets for 1 BTC per person that this will hit 3 BTC before 5 BTC. Can use John K. or Dooglus as escrow and split the fee. I'll take up to 10 bets. |
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mechs
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August 09, 2013, 04:15:39 AM |
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A relative positive for ASICMiner |
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chriswilmer
Legendary
Offline
Activity: 1008
Merit: 1000
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August 09, 2013, 04:42:27 AM |
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Food for thought.
For a short while ASICs were "hyper profitable", but it's beginning to feel like getting a return on investment is increasingly tricky. Maybe we're going to start to see a lot of ASIC mining companies drop out of the race as quickly as they came (not everyone of course, just those that don't have super cheap labor and electricity costs).
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str4wm4n
Legendary
Offline
Activity: 1611
Merit: 1001
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August 09, 2013, 04:50:03 AM |
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RALLY!
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chriswilmer
Legendary
Offline
Activity: 1008
Merit: 1000
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August 09, 2013, 05:09:51 AM |
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Extortion, a familiar tactic when it comes to the Bitcoin scene and business in China. I don't really understand this. Is extortion a familiar tactic when doing business in China in general, or specifically when doing Bitcoin business in China? It seems odd to refer to extortion, or any tactic, as "familiar" for such a new thing as Bitcoins. In any case, I found the statement surprising. Are ASICMiner staff frequently fending off extortion attacks as well? |
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Franktank
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August 09, 2013, 05:12:23 AM |
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RALLY!
Makes sense, all DIY projects are now at a standstill with the chips in customs. |
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empoweoqwj
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August 09, 2013, 05:14:04 AM |
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Extortion, a familiar tactic when it comes to the Bitcoin scene and business in China. I don't really understand this. Is extortion a familiar tactic when doing business in China in general, or specifically when doing Bitcoin business in China? It seems odd to refer to extortion, or any tactic, as "familiar" for such a new thing as Bitcoins. In any case, I found the statement surprising. Are ASICMiner staff frequently fending off extortion attacks as well? They make a stack load of money. I'm sure they are being attacked in many ways. Money is a dirty business wherever you are. |
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