Speaking of which, there is also risk that Bitfunder might be closed down in the future to US investors.
Apparently, Ukyo has been trying to get with lawyers to get his exchange to be legal in the US. Unfortunately som of the requirements to make an exchange legal are great big hurdles and he has said that he has considered closing BF to new US investors and to closing BF from people in the US buying more shares of anything.
Obviously, demand fuels price, so without that demand, from the US, prices would go down. He says the US only represents 22% of activity on his exchange. Still, what does that mean? A 22% drop in all stock prices? He also said that what affects BF in terms of SEC regulation would affect the other exchanges.
The decision, of course is hold, sell, buy more. Chairforce is of course right. With great reward comes great risk. Too many people on here expect a guaranteed profit. We could wake up and find out that ActM has bone to .008, or that it has dropped to .001.
At this point, in terms of long term strategic planning, the current price of ActM is not relevant.
At some point, there will be announcements vis a vis the legality of BF in the US, eAsic and whether ActM will have chips, whether ActM will be able to build finished mining machines and generate enough BTC to make profit, and whether ActM will be able to build machines to sell to make profit.
If BF stays open to US citizens, and there is a good announcement, and production of finished machines happens, and the website gets finished and orders come in, it will be time to celebrate.
On the other hand, BF could shut down to US citizens, eAsic could flake out, manufacuring could be slow and ActM could be slow to market.
Given all those factors, the choice is, hold and wait, sell now, and avoid further loss (if you bought into ActM at a high price), sell now (and be happy with whatever profit you have if you bought at IPO), buy more because you feel that this is a low price period and that the stars will align and that eAsic chips will come in and machines will be produced.
I am hoping that things will go well. I actually believe in Ken and the eAsic deal. My concerns are that BF will have to limit access to people who live in the US, and that causes me concern.
I suspect that the eAsic deal will be successful. No news is good news in this situation. For me, the critical factors are patience and hoping BF stays open.
On the other hand, if one or two whales (people owning large numbers of ActM shares) decide they can't wait, and decide to liquidate their ActM holdings, that would drop the price of ActM, but would not affect long term prices.
In a way, it would be good if the anxious and cautious would just dump their ActM. It would be self selection for those who share in the Koolaid. (true fact, they drank Flavor-Ade not Koolaid at Jones Town.)
My point being that until there is an announcement about chip supply, the price of the stock is irrelevant, except to those who support the long term vision of ActM.
On the other hand, these fluctuations are fun to watch.
I wish I understood options, because that would be fun too.
its interesting to watch the panic spreading through this thread and steadily accelerating.
-there is no way that anything anyone speculates on here will ever affect the outcome of business between active and eASIC ever
-there is no way that share price will affect the outcome of business between active and eASIC ever
if u are in active u r not driving, u are along for the ride. the share price can go to 0 and active will still go along with progress or regression because the money is already out of your hands. ken does not need any share holders in order to continue business. its like people are surprised that there is risk in securities for a digital currency, and don't understand there is no reward without risk. we cant all just be there for when things are bright and happy, its a two way street. if u want to wake up with a smile from doubling ur position then u better damn well be ready to wake up in shambles.
