[Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated]

[crumbs]

And did, I'll add. However much Ken wasn't on over the last 2 weeks, ff69 and others helped keep people's heads cool. For the most part.

Let's see how those "cool heads" fared...  They're three times poorer now if they were cool on Bitfunder, and over two times poorer if they were cool on BTCT.
The UNcool people are doing just fine

Next time, LISTEN.

[jinyoubei]

Hi Crumbs,

I actually made a fortune from AcTM, and I am now starting to buy back some of the shares.

What's so bad about AcTM that you have to create a trolling thread?

[Puppet]

Whats with this

Bitfunder:
฿0.00119799

btct.cp:
0.001966

Thats nearly twice the price?

[crumbs]

Hi Crumbs,

I actually earned a fortune on AcTM, and I am now starting to buy back some of the shares.

What's so bad about AcTM that you have to create a trolling thread?

Had you simply bought the stock at IPO, you would have *lost a fortune*.
The fact that you have "made a fortune" by "investing" in ActM only means that you have found greater fools to stick with the bag each time the price moved.

Fortunes like that are made at the expense of those greater fools, who, if i'm to judge by the ActM thread, are ActM's greatest asset.
Well done, jinyoubei, trade 'er like a redheaded stepchild & leave'em with a bag-o-dick.

[crumbs]

Whats with this

Bitfunder:
฿0.00119799

btct.cp:
0.001966

Thats nearly twice the price?

Think of "shares" like ActM simply as casino chips.  Their worth has nothing to do with underlying value, they are simply tokens in a game of "who gets the bag last."

[jinyoubei]

So what you mean is that I shouldn't touch it anymore? But I think if ActM just selling chips the price will be more than that.
Anyway I think I will throw some coins and I am willing to take the bet.

If you have anyother investment suggestions I will be very much appreciated.

[jinyoubei]

True.

But I think all of the mining securities shares are casino chips...People just will come and go again and again inevitably.

Whats with this

Bitfunder:
฿0.00119799

btct.cp:
0.001966

Thats nearly twice the price?

Think of "shares" like ActM simply as casino chips.  Their worth has nothing to do with underlying value, they are simply tokens in a game of "who gets the bag last."

[crumbs]

So what you mean is that I shouldn't touch it anymore? But I think if ActM just selling chips the price will be more than that.
Anyway I think I will throw some coins and I am willing to take the bet.

If you have anyother investment suggestions I will be very much appreciated.

I'm not saying that you will certainly lose money *trading* ActM -- you have already made money, and the shares have tanked way below IPO.  You know how to trade.  If high-risk short-term stuff is for you, why not try Labcoin?
It's much more dynamic, and people *are* making fortunes trading the shit out of it.  The books are thicker, the cap is higher, the traders livelier -- go nuts!

[crumbs]

True.

But I think all of the mining securities shares are casino chips...People just will come and go again and again inevitably.

Whats with this

Bitfunder:
฿0.00119799

btct.cp:
0.001966

Thats nearly twice the price?

Think of "shares" like ActM simply as casino chips.  Their worth has nothing to do with underlying value, they are simply tokens in a game of "who gets the bag last."

I have nothing against gambling -- i'm having a hard time keeping away from Labcoin.  It's frickin' tempting.  
My only gripe is there are poor slobs who think they're "investing."

[jinyoubei]

Thanks. I tried labcoin once and don't want to trade it anymore...it's too risky and crazy...

I used to believe investment, and put my 40% of coin into Asicminer (avg price 3) and now...

[crumbs]

While Active Mining stock continues to tank on BTCT (0.001676), check out Bitfunder!  It's catching up, with 70 shares recently bought @ 0.00167!
This rally is attributed by financial press to this incisive post by VBS, where he proposes a daring, revolutionary remedy for ActM's ails.

VBS contends that the 4U case, while ideal for the older miners, lacks that certain je ne sais quois of the mini-ATX cases.  Though the standard 4U case launched ActM, and currently houses Active Mining's flagship product (nothing), VBS argues that the mini-ATX, being more au courant & in touch with the younger demimonde miners, is equally capable of housing NOTHING.

A few dissenting votes were cast on the premise that mini-ATX is ill-suited for Active Miner's nonexistent PCI-E offerings, though today's Bitfunder rally speaks for itself -- investors' confidence in ActM has crested a three-day high.

[crumbs]

Magic moment:
The prices on BTCT & Bitfunder crossed streams @ 0.00167!1!

[drawingthesun]

Magic moment:
The prices on BTCT & Bitfunder crossed streams @ 0.00167!1!

Can you explain that? Is this natural or market manipulation?

[crumbs]

Magic moment:
The prices on BTCT & Bitfunder crossed streams @ 0.00167!1!

Can you explain that? Is this natural or market manipulation?

I can try, but take this with a grain of salt -- i'm not a professional trader & don't want this to be treated as advice.
That said...

The initial price disparity on the exchanges is much more interesting than what we're seeing now.  The shares represent identical underlying assets, identical stakes in the company's success, and pay out identical dividends.  Why should their price differ across exchanges?

Day traders are a possible reason.  Shares have value beyond the underlying asset they represent -- they're also valuable as game tokens.  Speculators bet on how desirable these tokens will become in the future *to other speculators*, who are, in turn, playing the same guessing game.  The shares still have their underlying asset -- they simply have another, purely speculative value superimposed.  
Burnside's gametable was hot after the IPO, and Bitfunder's wasn't.
  
As unreasonable exuberance vanished, and greater fools were no longer lining up to buy into the game, the share value began deflating to the actual worth of the underlying asset, which is (obviously) the same on both exchanges.  Ken also promised that the shares will receive .0025 in dividends before ... other stuff , so if ActM is actually going to make money, buying the shares @.0025 is a no-brainer.  The fact that the shares are currently below .0025 is a reflection on the overall lack of confidence in ActM.
If this is unclear, i'll try again.  

Edit TL;DR:  What's happening now is closer to what you would see if ActM stock was traded based on its underlying value.  Unless confidence in ActM completely vanishes, don't expect the spread to grow.

[iCEBREAKER]

While Active Mining stock continues to tank on BTCT (0.001676), check out Bitfunder!  It's catching up, with 70 shares recently bought @ 0.00167!
This rally is attributed by financial press to this incisive post by VBS, where he proposes a daring, revolutionary remedy for ActM's ails.

VBS contends that the 4U case, while ideal for the older miners, lacks that certain je ne sais quois of the mini-ATX cases.  Though the standard 4U case launched ActM, and currently houses Active Mining's flagship product (nothing), VBS argues that the mini-ATX, being more au courant & in touch with the younger demimonde miners, is equally capable of housing NOTHING.

A few dissenting votes were cast on the premise that mini-ATX is ill-suited for Active Miner's nonexistent PCI-E offerings, though today's Bitfunder rally speaks for itself -- investors' confidence in ActM has crested a three-day high.

This is one of your best posts so far crumbs.  A+ LOL sauce. 

I recommend italicizing all the Frenchisms or none of them.

/Professor iCEBREAKER

[zefyr0s]

Thanks. I tried labcoin once and don't want to trade it anymore...it's too risky and crazy...

I used to believe investment, and put my 40% of coin into Asicminer (avg price 3) and now...

Labcoin: Not even once.

[drawingthesun]

Well looks like I am taking a massive loss, I think this is the appropriate time you ActiveMining haters to say I told you so!

[iCEBREAKER]

Well looks like I am taking a massive loss, I think this is the appropriate time you ActiveMining haters to say I told you so!

ALWAYS BET ON iCE...

[Puppet]

Well looks like I am taking a massive loss, I think this is the appropriate time you ActiveMining haters to say I told you so!

active mining at least is a real and registered company with known management and known to have a real 28nm asic under development.
If you hold on to your shares, you have infinitely better chances of seeing an ROI than labcoin investors.

Now share prices will tank everywhere, I think people finally wake up to the reality that issuing and trading in unregulated  securities is not something the SEC will allow. Bitfunder will have to close sooner or later too.
Either you hold you stock if you have faith the issuer will go down the same route gigavps did when glsbe closed down, or you panic sell and get screwed.

For the record, I did the latter on bitfunder. It was just a few btc playmoney but I was fast enough to get a nice profit actually. If it goes down enough, Ill gladly buy in again, even though I expect bitfunder to close shop too.

[crumbs]

Well looks like I am taking a massive loss, I think this is the appropriate time you ActiveMining haters to say I told you so!

active mining at least is a real and registered company with known management and known to have a real 28nm asic under development.
If you hold on to your shares, you have infinitely better chances of seeing an ROI than labcoin investors.

Now share prices will tank everywhere, I think people finally wake up to the reality that issuing and trading in unregulated  securities is not something the SEC will allow. Bitfunder will have to close sooner or later too.
Either you hold you stock if you have faith the issuer will go down the same route gigavps did when glsbe closed down, or you panic sell and get screwed.

For the record, I did the latter on bitfunder. It was just a few btc playmoney but I was fast enough to get a nice profit actually. If it goes down enough, Ill gladly buy in again, even though I expect bitfunder to close shop too.

It's not like there were no warnings -- when burnside himself made a statement that he'll be wrapping up his exchange for American users (on the Pirateat40 charges news), everyone here called him a fudster & raged until he retracted, and the post was quickly forgotten/swept under the rug.  The thinking, i guess, being that the man running the exchange was schooled by a bunch of guys on the interwebz & changed his mind.

Anyhow, gg.

Edit:  What an interesting arbitrage opportunity (BTCT<=>Bitfunder) If i had a popcorn stand in teh tubes, i'd be making a fortune now!