The coming flash crash in AMC

[freedomno1]

I would buy 2 BTC worth of puts just to hedge a bit on the downtrend if this is rising too high.
Near where it started today and where its at is the strike + premium seems fair enough.
0.006 - 0.009 range
Strike 0.0075 Premium 0.0015 duration 18 day term
Valid for 12 hours since its a bit wild the market is free if someone wants to offer a better deal

(EDIT: Yes selling puts in a flash-crash thread why because I can XD)

Hi, I could write 1500 or 2000 puts on BTCT at Strike 0.0075 Premium 0.0015, but duration 11 days term. Let me know if interested in

Was about to say I would take them ^^
Sending a PM
Please reply back when you receive it

[1715107441]

1715107441

[1715107441]

1715107441

[1715107441]

1715107441

[zy02264]

I would buy 2 BTC worth of puts just to hedge a bit on the downtrend if this is rising too high.
Near where it started today and where its at is the strike + premium seems fair enough.
0.006 - 0.009 range
Strike 0.0075 Premium 0.0015 duration 18 day term
Valid for 12 hours since its a bit wild the market is free if someone wants to offer a better deal

(EDIT: Yes selling puts in a flash-crash thread why because I can XD)

Hi, I could write 1500 or 2000 puts on BTCT at Strike 0.0075 Premium 0.0015, but duration 11 days term. Let me know if interested in

Was about to say I would take them ^^
Sending a PM
Please reply back when you receive it

They are on BTCT already. Please take action

[freedomno1]

I would buy 2 BTC worth of puts just to hedge a bit on the downtrend if this is rising too high.
Near where it started today and where its at is the strike + premium seems fair enough.
0.006 - 0.009 range
Strike 0.0075 Premium 0.0015 duration 18 day term
Valid for 12 hours since its a bit wild the market is free if someone wants to offer a better deal

(EDIT: Yes selling puts in a flash-crash thread why because I can XD)

Hi, I could write 1500 or 2000 puts on BTCT at Strike 0.0075 Premium 0.0015, but duration 11 days term. Let me know if interested in

Was about to say I would take them ^^
Sending a PM
Please reply back when you receive it

They are on BTCT already. Please take action

Action taken worst case scenario secured for 1500 strike at 0.06 seems low but I got 11 days to see if it goes up to 2 or back to 0.05 ^^
Thanks

[vlaoou321]

I would buy 2 BTC worth of puts just to hedge a bit on the downtrend if this is rising too high.
Near where it started today and where its at is the strike + premium seems fair enough.
0.006 - 0.009 range
Strike 0.0075 Premium 0.0015 duration 18 day term
Valid for 12 hours since its a bit wild the market is free if someone wants to offer a better deal

(EDIT: Yes selling puts in a flash-crash thread why because I can XD)

Hi, I could write 1500 or 2000 puts on BTCT at Strike 0.0075 Premium 0.0015, but duration 11 days term. Let me know if interested in

Was about to say I would take them ^^
Sending a PM
Please reply back when you receive it

They are on BTCT already. Please take action

Action taken worst case scenario secured for 1500 strike at 0.06 seems low but I got 11 days to see if it goes up to 2 or back to 0.05 ^^
Thanks

wow

[freedomno1]

Well that was fun options got eaten at 25% premium and were back to 0.075
Someone bought one lol
1 x 0.00187500
Then
1499 x 0.00187500
Someone bought the rest
And were back to the mid range between the prices I mentioned fun stuff.

[Entropy-uc]

There have been some requests that I post a link to the post where Ken admits being under SEC investigation.

Since the moderated thread is getting random deletes, here it is
https://bitcointalk.org/index.php?topic=297503.msg3434356#msg3434356

[iCEBREAKER]

ZOMG the flash crash has started.

AMC has flash crashed straight up, to .005 on BF and .006 on BTCT! 

I thought it was supposed to flash crash down, but whatever.

Quick everybody, panic buy.  Or panic sell if that's easier.

As long you are panicking you are doing it right and being a wise investor.

Just like the OP.   

How'd this work out for you Ice?

:-D

I got out of AMC at about .0045, back in early August.     Easiest 100BTC I ever made!   

I told the cultists and cheerleads to stop drinking LabKen's Kool-Aid.

They didn't listen.

/true story bro

[Entropy-uc]

I told the cultists and cheerleads to stop drinking LabKen's Kool-Aid.

They don't believe it actually. What they believe is that cheerleading, and censorship, will get their shares to be worth more. (Also, hiding bad information makes them scammers, but I doubt they care about what's right.)
What they don't realize is that anyone with a brain can read their circlejerk, see that it's a madhouse, and GTFO.

Checking back in after a few months sanity rest, I am shocked that there are no chips.  With the millions that were raised a competent crew would have delivered (as a few others have in the same time frame).  I criticized this whole venture for the outrageous valuation and lack of qualification of the operator.  I didn't expect it to degenerate into an outright swindle.

Given the pitifully low liquidity that will be available on the new exchange, I expect folks will be able to delude themselves into being bitcoin millionaires for a few more months.  Good f*cking luck actually swapping any volume of worthless shares for valuable bitcoins though.

As an aside, profiting off a garbage stock doesn't make you a genius, just a fortunate fool.

[iCEBREAKER]

Checking back in after a few months sanity rest, I am shocked that there are no chips.  With the millions that were raised a competent crew would have delivered (as a few others have in the same time frame).  I criticized this whole venture for the outrageous valuation and lack of qualification of the operator.  I didn't expect it to degenerate into an outright swindle.

Given the pitifully low liquidity that will be available on the new exchange, I expect folks will be able to delude themselves into being bitcoin millionaires for a few more months.  Good f*cking luck actually swapping any volume of worthless shares for valuable bitcoins though.

As an aside, profiting off a garbage stock doesn't make you a genius, just a fortunate fool.

It was genius to invest when Actm was a viable competitor, then sell at a huge profit when it became clear they couldn't compete with HashFast.

You're a deluded fool for being "shocked that there are no chips" and being surprised it would "degenerate into an outright swindle."

This kitchen is obviously too hot for your limited mental resources.  I suggest you GTFO and stay TFO for the sake of your sanity.

[iCEBREAKER]

It was genius to invest when Actm was a viable competitor

It never was. You profited from the hype, congratulations, but don't lie to yourself.
Your other investment still has to prove itself.

I bought ACTM shares before their first Avalons arrived, because I knew the shares would spike when they started paying dividends.  Genius, right?   

ACTM had a narrow window of opportunity to be viable, which slammed closed when HashFast de-cloaked.

They had a second chance to focus on building a mine with HashFast instead wasting our BTC finishing their own obsolete, leapfrogged chip.

I advised them to take this course of action, but was Ignored.   

I know my other investment has yet to prove itself.

Did I ever say "my other investment has proven itself?"

No, I didn't.  So don't put words in my mouth.   

[Entropy-uc]

It was genius to invest when Actm was a viable competitor

It never was. You profited from the hype, congratulations, but don't lie to yourself.
Your other investment still has to prove itself.

I bought ACTM shares before their first Avalons arrived, because I knew the shares would spike when they started paying dividends.  Genius, right?  

ACTM had a narrow window of opportunity to be viable, which slammed closed when HashFast de-cloaked.

They had a second chance to focus on building a mine with HashFast instead wasting our BTC finishing their own obsolete, leapfrogged chip.

I advised them to take this course of action, but was Ignored.  

I know my other investment has yet to prove itself.

Did I ever say "my other investment has proven itself?"

No, I didn't.  So don't put words in my mouth.  

I don't participate in obvious scams because to profit you have to sell to someone.  That someone becomes a bagholder and you are in part responsible for it.  Your money was used to pump up the scam.  Some people are comfortable taking advantage of strangers.  I am not.

It is more than a moral issue.  The law sees things the same way, and does on occasion force those that profit from scams to return their gains to compensate the ultimate victims.  Many of Bernie Madoff's investors ended up with bills from the SEC and lost in court when they fought the issue.

Only an idiot would advertise profiting off a scam, even if he was unaware he was participating in one initially.

Maybe the SEC will get around to forcing Theymos to refund the money he made 'investing' with Pirateat40  :-)