[ActiveMining] The Official Active Mining Discussion Thread

[Vbs]

U mad bro?

Obviously I'm mad.  I said so in my post.  I'm not mad though...I'm STILL mad!

You should try to get your facts better then.

This is what happened back then:

Quote from #bitfunder IRC channel:

<Ukto> there
<Ukto> i told him to post them
<Ukto> at 0.005
<Ukto> if he does any mroe sell downs
<Ukto> i will get very pissed
<ThickAsThieves> nice
<Ukto> AMC___: got that?
<AMC___> Yes

As per Ukto Bitfunder.com God, I have post all AMC IPO shares at .0005

Update from #bitfunder IRC channel:

<Ukto> le2: amc is selling at 0.0005 from here on

[dhenson]

1) He only has about ~130k shares left to sell
2) He has no plans to release more at .005, that was an old post that no-longer applies
3) He has stated multiple times that any additional shares would be at market value and only after a sufficient notice has been given

Take your F.U.D. somewhere else.

[afrotec]

It's okay man, now all you can do just sit back and watch the show  

Take your F.U.D. somewhere else.

[FloatesMcgoates]

1) He only has about ~130k shares left to sell
2) He has no plans to release more at .005, that was an old post that no-longer applies
3) He has stated multiple times that any additional shares would be at market value and only after a sufficient notice has been given

Take your F.U.D. somewhere else.

Doesn't he have to save that 130k for people who are still tendering AMC over to ActiveMining at Bitfunder?

[TadpolesIsAWinner]

1) He only has about ~130k shares left to sell
2) He has no plans to release more at .005, that was an old post that no-longer applies
3) He has stated multiple times that any additional shares would be at market value and only after a sufficient notice has been given

Take your F.U.D. somewhere else.

That makes me feel a lot better.  So I wasn't in the FIRST WAVE of people he screwed over.  I was in the ONLY WAVE.  

I guess you're missing the point.

I sold at .0009 because I thought he was going to release more .0005 because he already did that.  Ukyo helped a lot of people out by telling him not to do that again.  But guess who it didn't help?  The people who got screwed over the first time, then sold because they assumed he was going to do it again.  

1) KS screws shareholder
2) shareholders sell because they want to buy in at .0005 when KS releases IPO again
3) Share price rises
4) Ukyo says he can't do that again
5) Shareholder who sold now have to buy back in EVEN HIGHER

So those of us who bought in at .0005 because they believed in the company got screwed twice.  Once when he re-released the IPO and the price of our shares immediately dropped.  And again when we sold our shares, believing that he was going to do that again, and he didn't.

Don't get me wrong, I know Ukyo did the right thing, and it benefited most people, but NOT the early investors.  

[kleeck]

Or maybe this is the meme I'm looking for...

(and sells when it gets back up to .0009 because he assumes KSlaughter is just going to release more god damned shares at .0005 again.

What is the point of this? You sold your shares and are now pissed? What do you expect any of us current holders, who have more than doubled our investments to say to this none sense?

[sayaz]

Yeah I bought at .001 then got to watch a bunch of people buy in at .0005.... It sucked and I felt cheated

[Vbs]

So those of us who bought in at .0005 because they believed in the company got screwed twice.  Once when he re-released the IPO and the price of our shares immediately dropped.  And again when we sold our shares, believing that he was going to do that again, and he didn't.

Don't get me wrong, I know Ukyo did the right thing, and it benefited most people, but NOT the early investors.  

Great logic right there. So, you bought at 0.0005 but when he released at 0.0005 again you lost value?

Need a calculator?

[TadpolesIsAWinner]

What is the point of this? You sold your shares and are now pissed? What do you expect any of us current holders, who have more than doubled our investments to say to this none sense?

I have no expectations, just wanted to get it off of my chest.  Like I said earlier, I like this community and hope we all make a bunch of btc while advancing btc's adoption.  I hope you guys all make btc off of AMC.  But that doesn't mean I don't want to smack the shit out of KS.  Instead of doing that, I'm using two posts to debrief.  

Feel free to ignore them.

[TadpolesIsAWinner]

So those of us who bought in at .0005 because they believed in the company got screwed twice.  Once when he re-released the IPO and the price of our shares immediately dropped.  And again when we sold our shares, believing that he was going to do that again, and he didn't.

Don't get me wrong, I know Ukyo did the right thing, and it benefited most people, but NOT the early investors.  

Great logic right there. So, you bought at 0.0005 but when he released at 0.0005 again you lost value?

Need a calculator?

Bought in at .0005.  It rose to .0008.  I bought again.  The next day he released IPO again at .0005. So ALL my shares that were worth .0008 one day, were worth .0005 the next and it had nothing to do with the market demand.  It was the owner just deciding that he wanted more money with no regard for the people who had bought in between .0005 and .0009.

So yes, I lost value twice. 

You're little sarcastic argument makes no sense anyway.  It's like saying if you bought AsicMiner at .01/share then it went up to 4.5/share then back down to .01/share that you didn't lose value.  It gained value then lost value.  Yeah you may have broke even, doesn't mean you didn't lose value.

[kleeck]

What is the point of this? You sold your shares and are now pissed? What do you expect any of us current holders, who have more than doubled our investments to say to this none sense?

I have no expectations, just wanted to get it off of my chest.  Like I said earlier, I like this community and hope we all make a bunch of btc while advancing btc's adoption.  I hope you guys all make btc off of AMC.  But that doesn't mean I don't want to smack the shit out of KS.  Instead of doing that, I'm using two posts to debrief.  

Feel free to ignore them.

Ok.

[VolanicEruptor]

The exchange owner shouldnt have let that happen in the first place without some form of warning or higher price.  I hate standing up for Ken, but he was simply playing according to the rules he was given (or lack of)

[AstroBoy]

Sour grapes TadpolesIsAWinner.   What's going on here is you are upset that you didn't buy and hold from when you bought at 0.0009.  Because if you had and sold now you'd make 6 times your money.  But that isn't what you did, because you got emotional, panicked, sold, and hid your money under the mattress.  Since you can't accept the fact that this was your decision, you are blaming another person for your actions.  i.e. It's Ken's fault because of the the bad press he got about the IPO that MADE you sell.  I'm sorry you made a bad decision, but nobody can control your actions.  Please read up on this mental phenomenon: https://en.wikipedia.org/wiki/Cognitive_dissonance

[Vbs]

Bought in at .0005.  It rose to .0008.  I bought again.  The next day he released IPO again at .0005. So ALL my shares that were worth .0008 one day, were worth .0005 the next and it had nothing to do with the market demand.  It was the owner just deciding that he wanted more money with no regard for the people who had bought in between .0005 and .0009.

So yes, I lost value twice. 

You're little sarcastic argument makes no sense anyway.  It's like saying if you bought AsicMiner at .01/share then it went up to 4.5/share then back down to .01/share that you didn't lose value.  It gained value then lost value.  Yeah you may have broke even, doesn't mean you didn't lose value.

I'm in the same boat as I also bought in at .0005 and bought in again at .0008 and then it went to .0005 for the last time. I understood what happened back then, reasoned that the income capital would highly benefit AMC overall and moved on. The owner also immediately expressed his concern, as you can check yourself in the thread. He even offered a protection plan later. There was no hint that he would ever do it again, judging by how annoyed he was over that whole episode. Dunno how you could have expected he would repeat that.

Bottom line: Don't make investment decisions based on emotions!

[dhenson]

Bought in at .0005.  It rose to .0008.  I bought again.  The next day he released IPO again at .0005. So ALL my shares that were worth .0008 one day, were worth .0005 the next and it had nothing to do with the market demand.  It was the owner just deciding that he wanted more money with no regard for the people who had bought in between .0005 and .0009.

So yes, I lost value twice. 

You're little sarcastic argument makes no sense anyway.  It's like saying if you bought AsicMiner at .01/share then it went up to 4.5/share then back down to .01/share that you didn't lose value.  It gained value then lost value.  Yeah you may have broke even, doesn't mean you didn't lose value.

Tadpole,

All of us long-time AMC shareholders experienced exactly the same thing you did.  The difference is that once our confidence was restored, we bought back in whereas it appears you walked away.

Please understand that what you are feeling is regret at YOUR decision, not at anything anyone has done to you.  The IPO pricing issue has been hashed out long ago and in my opinion has been beat to death.  Let's let the issue die once and for all.

[shrodes]

Hey Ken, please follow up.

I have 5000 AMC transferred on Bitfunder last 3 days ago, and followed the email instruction.
Date transferred 2013-07-23 20:32:11

Please transfer to my AM fund.
What about the dividend for this?

Send him a PM or email. That goes for everyone asking about share transfers. Then at least you have the guarantee Ken saw what you're saying. Also, asking about personal share transfers is relevant and helpful to about 0% of people in this thread besides yourself.

[hf]

"everyone who believed from the beginning"

So those of us who bought in at .0005 because they believed in the company got screwed twice.

I don't get why you keep using this argument.

1. You obviously weren't reading the forums at the time
2. You were unlucky
3. But please, stop saying everyone of us got screwed once or twice.

I kept myself updated and had a bit of luck buying big at .0005, selling half of it at .0008 and then going all-in at .0005. By now, although my initial investment went up >20x, I still don't feel having been *screwed twice*.

[sayaz]

No shit you dont feel screwed. You came out on top. Lets just drop this once and for all. We should be looking forward to a successful future

[vlaoou321]

There's some truly impressive market manipulation going on over at BTCTC.
Now, I'm not saying that at some point this stock will be valued at 0.006, but as of right now... there's certainly something fishy going on!

'Grats to those doing the moving though.

agree

[VolanicEruptor]

What form of market manipulation would this be?  I don't see it.  And no, buying 2 shares at the selling price to make it "appear higher" doesn't count, that happens all the time..