Bitcoin Forum
September 26, 2024, 04:07:04 PM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Havelock's HIM fund share price crashing - anybody know why?  (Read 787 times)
ScatterShot (OP)
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
October 02, 2013, 03:45:53 AM
 #1


0.13 XBT --> 0.05 XBT / share today. I'm not aware of any breaking news or business fundamentals that would account for this. As a matter of fact, the HIM fund's mining hardware is rolling in and their dividend has shot up 600% in the last month. Weird.

Nervous Nellies over regulation and the BTCT thing?
Adrian-x
Legendary
*
Offline Offline

Activity: 1372
Merit: 1000



View Profile
October 02, 2013, 04:31:02 PM
 #2


0.13 XBT --> 0.05 XBT / share today. I'm not aware of any breaking news or business fundamentals that would account for this. As a matter of fact, the HIM fund's mining hardware is rolling in and their dividend has shot up 600% in the last month. Weird.

Nervous Nellies over regulation and the BTCT thing?


I haven't looked at their published Financials in detail, and my opinion is just pure speculation and as a disclaimer I still hold a few shares.
It is my feeling that paying a fixed dividend with mining income diminishing exponentially and increasing expanses, while issuing new shares from time to time, can look like a bit like a Ponzi scheme. 

It is my opinion that the smart investors are looking to pull out.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
jamesc760
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
October 02, 2013, 05:13:25 PM
 #3

Due to Silk Road being dismantled and owner arrested, the house of cards, that is Bitcoin, is crashing. No?
glendall
Legendary
*
Offline Offline

Activity: 2198
Merit: 1018


Buzz App - Spin wheel, farm rewards


View Profile
October 02, 2013, 08:01:18 PM
 #4

Uh, no.

Bitcoin is not a house of cards. It is a more valid currency than USD in many respects.

Will the price take hit? Ya for sure, Silk Road is huge. But this isn't exactly the end of Bitcoin, that's retarded.

█████████████▄██▀███▄██
██▄▄███▄███▄█▄▄▄▄▄█▀
█████████████████▄
████████████████████
███████▄▀████████▄█
▀▀▀█████▀███▀█▄▄▄▄██
████████▀███████████
███████████████████▀
█████████████████
█████▄▄██████████████▄
███████████████
████████████████░░▀▀
████████▀▀▀▄▄███▀


███████████
█████████████
██████░██████░█████░░█████░████████████░████████████
██████░██████░█████░░█████░████████████░████████████
███████████░░░█████░░█████░▀▀▀▀███████░░▀▀▀▀███████
██████░██████░█████░░█████░░░███████░░░░░░███████
██████░██████░█████░░█████░███████░░░░░░███████
█████████████░████████████░████████████░████████████
███████████░░░░░██████████░████████████░████████████
▀▀▀▀▀▀▀▀▀▀▀░░░░░▀▀▀▀▀▀▀▀▀▀░▀▀▀▀▀▀▀▀▀▀▀▀░▀▀▀▀▀▀▀▀▀▀▀▀
 
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!