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der_meister
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September 01, 2013, 02:53:22 PM |
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As long as it stays above 0.003 for the weekend I'll be happy.
Good luck. I am certain my buy orders between 0.002 and 0.0028 will be filled over the weekend.  |
Moving on is a simple thing,
what it leaves behind is hard...
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drawingthesun
Legendary
 Offline
Activity: 1176
Merit: 1015
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September 01, 2013, 02:55:09 PM |
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Vigil
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September 01, 2013, 02:59:59 PM |
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I just accidentally purchased ActM shares instead of LC. This freaking sucks.
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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September 01, 2013, 03:04:13 PM |
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I just accidentally purchased ActM shares instead of LC. This freaking sucks.
How many and how much? |
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drawingthesun
Legendary
Offline
Activity: 1176
Merit: 1015
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September 01, 2013, 03:04:28 PM |
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I just accidentally purchased ActM shares instead of LC. This freaking sucks.
I hope you didn't buy too many. The good news is you get a dividend paid from investor funds. :p |
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AngelSky
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September 01, 2013, 03:04:49 PM |
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I just accidentally purchased ActM shares instead of LC. This freaking sucks.
ahahahaha I did that too but on purpose, sold them a few hours later with a small margin xD |
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Mabsark
Legendary
Offline
Activity: 826
Merit: 1004
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September 01, 2013, 03:07:55 PM |
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If you think LC won't be above 0.01 BTC when hashing starts you're ignoring the maths, making you delusional.
you can't compare LC to the AM of today, you have to compare LC to the AM that first started hashing. Returns were much higher, share price much lower for the amount of dividends. Only after people gained confidence in AM did the share price rise compared to the dividend. LC may eventually make it to .01, but not next week. Comparing LC in 2 weeks time to AM when it fist started mining is simply idiotic. AM will be the already established competitor, making it perfectly valid to use it's current state as a basis for comparisons at the time LC start mining within the next 10 days. You've already shown that you don't grasp basic maths, Vela, and put faith before facts, so I'm not really surprised you don't understand why LC will rise above 0.01 BTC. Look at the numbers I've presented though, they're calling you an idiot. |
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Vigil
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September 01, 2013, 03:08:55 PM |
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I just accidentally purchased ActM shares instead of LC. This freaking sucks.
How many and how much? about 4500 shares for .00349. I was trying to set a buy for LC but was on the wrong window. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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September 01, 2013, 03:12:38 PM |
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I just accidentally purchased ActM shares instead of LC. This freaking sucks.
How many and how much? about 4500 shares for .00349. I was trying to set a buy for LC but was on the wrong window. Weekend slump sale. You might get lucky. If it goes under .0029 I might buy a few but only as a very short term investment. |
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pheaonix
Sr. Member
Offline
Activity: 392
Merit: 250
http://casinobitco.in/ A+ customer support
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September 01, 2013, 05:23:24 PM |
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you guys think so short term. i bet if you had the chance to buy into asicminer you would have sold off at .2 to .3.
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Vigil
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September 01, 2013, 05:32:27 PM |
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you guys think so short term. i bet if you had the chance to buy into asicminer you would have sold off at .2 to .3.
Because currently in the Bitcoin world there are too many other opportunities to make money. It would be stupid to just buy and sit on stuff without taking your profit. Because it is likely going to swing back and forth multiple times from point A to point B. That type of strategy works in the matured financial markets but here it is kinda like shooting yourself in the foot. |
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physalis
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September 01, 2013, 05:45:01 PM |
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It is perfectly rational to sell a share when you are at ×2/×3, outside of other information. Traditional investors have similar sayings, but for 30%.
You can even sell only half and have all your investment back, with half the shares left.
It's not perfectly rational. It's emotional, just a psychological method to calm yourself down so you can think "ok, phew, I got my initial investment out of there, nothing can go wrong from here." It's completely understandable, but not rational. If you believe in the value of your investment and that it will rise in the future, the rational decision is to stay invested. |
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kingcrimson
Legendary
Offline
Activity: 1025
Merit: 1000
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September 01, 2013, 05:45:48 PM |
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you guys think so short term. i bet if you had the chance to buy into asicminer you would have sold off at .2 to .3.
True, I learned quickly when I took profits on litecoin, bought 7 cents sold 15 cents. Then it peaked at $6. (could've been a millionaire! not making that mistake again) |
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Vigil
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September 01, 2013, 05:57:05 PM |
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you guys think so short term. i bet if you had the chance to buy into asicminer you would have sold off at .2 to .3.
True, I learned quickly when I took profits on litecoin, bought 7 cents sold 15 cents. Then it peaked at $6. (could've been a millionaire! not making that mistake again) You sold at $0.15 and then completely ignored LTC price for a couple weeks? You aren't necessarily supposed to sell and never look back. You sell at the peak and buy back in the sell-off. |
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physalis
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September 01, 2013, 06:39:22 PM |
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You do understand that you're never totally sure the investment will rise in the future, right?
That is the irrational part. The part where you're afraid that your judgement might turn out wrong. A completely rational investment decision looks at the risk and the potential profit and decides to either invest or not invest. And then if the risk evaluation changes over time and the potential profit becomes lower than the risk of losing, you'd take 100% out. It is not a solid investment anymore. You wouldn't decide to keep 75% in, or 50%, because it wouldn't make mathematical sense. Just to be clear though, what I mean is that a perfectly rational investor doesn't exist, because making perfectly rational risk assessments is impossible. |
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velacreations
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September 01, 2013, 06:45:17 PM |
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Comparing LC in 2 weeks time to AM when it fist started mining is simply idiotic. AM will be the already established competitor, making it perfectly valid to use it's current state as a basis for comparisons at the time LC start mining within the next 10 days.
so, you think the market will judge an established company with a 12 month track record equally as one that starts hashing next week? Ridiculous. The risk is completely different on each security, and that's why when AM started hashing we saw APRs of over 70% for quite a while. Gradually, as AM proved themselves, that APR went down (share price increased). Expecting LC to jump immediately to be on par with AM ignores the significant risk LC carries. There is no reason to assume that investors will be comfortable with APRs for LC as they are currently for AM. LC is going to have to prove itself over time, and hashing at 4 TH/s is not proof that they are a stable investment worthy of a 30% APR share price. |
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velacreations
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September 01, 2013, 06:49:40 PM |
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wow, major sell off, 50K shares.
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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September 01, 2013, 06:53:03 PM |
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You do understand that you're never totally sure the investment will rise in the future, right?
That is the irrational part. The part where you're afraid that your judgement might turn out wrong. A completely rational investment decision looks at the risk and the potential profit and decides to either invest or not invest. And then if the risk evaluation changes over time and the potential profit becomes lower than the risk of losing, you'd take 100% out. It is not a solid investment anymore. You wouldn't decide to keep 75% in, or 50%, because it wouldn't make mathematical sense.Just to be clear though, what I mean is that a perfectly rational investor doesn't exist, because making perfectly rational risk assessments is impossible. WTF? Please stop making a fool of yourself and go learn some portfolio theory. There is beta associated with all securities, and proper diversification reduces your net beta without impacting alpha. The risk level associated with a security may change with the price level, and therefore it may make a great deal of sense to eliminate (or add) fractions of your position. Not to mention there may be marginal utility for your equity. You may be unwilling to lose the second BTC of the current 2 BTC investment a lot more than the first, and therefore liquidate 1 BTC. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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September 01, 2013, 06:54:06 PM |
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wow, major sell off, 50K shares.
Yeah I was a bit suprised what I saw that Watching the Asks and bids alone change every few mins is interesting |
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ferskvare
Newbie
Offline
Activity: 38
Merit: 0
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September 01, 2013, 06:56:09 PM |
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I bought shares in LC as an investment. I actuallu aquired more BTC just so I could buy more shares. Haven't sold a single share, and won't be doing so in the near future. This is a long term investment from my standpoint. From what I have read, I believe LC will be profitable, so I will sit quietly on my shares until the company tanks or I am forced by external circumstances to collect BTC and transfer to FIAT. Also, all this countdown watch etc is a bit silly, really. You can claim "we have to demand they stick to their words" all you want. Fact is, in real life, things rarely go 100% according to plan. So even though I carry no weight except being an investor myself, my tip would be to sit back, relax, enjoy life and take a chance. Who knows, it might be good for us all to not read forums and check market prices all day long  |
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