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newguy05
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February 12, 2015, 07:00:43 PM |
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I just dumped my entire holding ~14k shares, risk/reward is too skewed to justify holding those shares.
1) Difficulty continues to raise
2) No clarity on if the suspended dividend due to chinese new year will be repaid afterwards.
3) No panic yet as price is still pretty good around 0.0008 to sell into. Dont want to wait until everyone starts panicing about lack of dividend 10 days later.
The way i see it, if everything resumes 15 days later and all dividend gets repaid etc..i will just buy back in. It's not like the share prices will sky rocket given the difficulty we are at. And there is little chance of drastic difficulty drop as everything is frozen due to the chinese new year, if anything it will go up after the new year is over.
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newguy05
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February 12, 2015, 07:01:36 PM |
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Big dumping happening right now...
Can't believe they haven't made a clearer announcement....
that was me, i was writing my post as you posted this  nothing to worry about, carry on  |
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funkymunky
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February 12, 2015, 07:03:36 PM |
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I literally bought seconds before you dumped  I'm rubbish at Bitcoin..... |
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galdur
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February 12, 2015, 07:07:23 PM |
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I just dumped my entire holding ~14k shares, risk/reward is too skewed to justify holding those shares.
1) Difficulty continues to raise
2) No clarity on if the suspended dividend due to chinese new year will be repaid afterwards.
3) No panic yet as price is still pretty good around 0.0008 to sell into. Dont want to wait until everyone starts panicing about lack of dividend 10 days later.
The way i see it, if everything resumes 15 days later and all dividend gets repaid etc..i will just buy back in. It's not like the share prices will sky rocket given the difficulty we are at. And there is little chance of drastic difficulty drop as everything is frozen due to the chinese new year, if anything it will go up after the new year is over.
Everything can hardly be frozen over there if the hash rate is making a new all time high as will the next difficulty it seems ? |
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thevictimofuktyranny
Legendary
 Offline
Activity: 1092
Merit: 1004
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February 12, 2015, 07:29:25 PM |
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I just dumped my entire holding ~14k shares, risk/reward is too skewed to justify holding those shares.
1) Difficulty continues to raise
2) No clarity on if the suspended dividend due to chinese new year will be repaid afterwards.
3) No panic yet as price is still pretty good around 0.0008 to sell into. Dont want to wait until everyone starts panicing about lack of dividend 10 days later.
The way i see it, if everything resumes 15 days later and all dividend gets repaid etc..i will just buy back in. It's not like the share prices will sky rocket given the difficulty we are at. And there is little chance of drastic difficulty drop as everything is frozen due to the chinese new year, if anything it will go up after the new year is over.
Everything can hardly be frozen over there if the hash rate is making a new all time high as will the next difficulty it seems ? Someones cleared all those dumped shares already, back up to ฿0.00082994. Volume starts at much higher price point: 1000/1000 ฿0.00083998  |
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Chris_Sabian
Legendary
Offline
Activity: 896
Merit: 1001
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February 12, 2015, 07:33:28 PM |
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Is there anywhere to see past trades / price / volume? Havelock on lists the last ~20 trades.
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ajw7989
Legendary
Offline
Activity: 924
Merit: 1000
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February 13, 2015, 02:57:14 AM |
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I just finished dumping my shares. 4000 at 0.084ish and the 2500 at 0.076ish. Still managed to make a profit overall though. This is gona get nasty. Its only the beginning of no dividends.
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astronomino
Newbie
Offline
Activity: 15
Merit: 0
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February 13, 2015, 03:28:33 AM |
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Big dumping happening right now...
Can't believe they haven't made a clearer announcement....
Is there a reason for anyone to buy or hold these shares? Depending on how this works, there's plenty of reason to buy after people are done dumping. At the very least, we should expect price to go up once dividends start up again - if you buy at bottom price, you win. But there might be an even more compelling reason: Lets assume that on March 1st (or whenever) there will be a huge dividend payout for the previous 20 or so days: roughly 0.0001 BTC per 1 unit which currently costs under 0.0008 BTC to buy. That one dividend alone is worth 12.5%. And I'll assume it will be paid in full to whomever owns the shares on March 1st (not split over who owned them in previous days). So it becomes really profitable to buy on that day before dividends. Since many people will expect the huge payout we might see a big buy order queue and a little price bubble that will burst as soon as dividends are paid. Of course it's all speculation, but if it happens like this there's plenty of great opportunities - all of which involve buying/holding in this break period. |
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galdur
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February 13, 2015, 03:40:11 AM |
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Big dumping happening right now...
Can't believe they haven't made a clearer announcement....
Is there a reason for anyone to buy or hold these shares? Depending on how this works, there's plenty of reason to buy after people are done dumping. At the very least, we should expect price to go up once dividends start up again - if you buy at bottom price, you win. But there might be an even more compelling reason: Lets assume that on March 1st (or whenever) there will be a huge dividend payout for the previous 20 or so days: roughly 0.0001 BTC per 1 unit which currently costs under 0.0008 BTC to buy. That one dividend alone is worth 12.5%. And I'll assume it will be paid in full to whomever owns the shares on March 1st (not split over who owned them in previous days). So it becomes really profitable to buy on that day before dividends. Since many people will expect the huge payout we might see a big buy order queue and a little price bubble that will burst as soon as dividends are paid. Of course it's all speculation, but if it happens like this there's plenty of great opportunities - all of which involve buying/holding in this break period. Yeah, I´ve been pondering more or less along the same lines. Thanks and good luck, g |
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skuser
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February 13, 2015, 07:37:13 AM |
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It would be fine if the havelock website was at least sometimes up, because is almost always error 522 - timed out recently
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lunarboy
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February 13, 2015, 07:42:33 AM |
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Big dumping happening right now...
Can't believe they haven't made a clearer announcement....
Is there a reason for anyone to buy or hold these shares? Depending on how this works, there's plenty of reason to buy after people are done dumping. At the very least, we should expect price to go up once dividends start up again - if you buy at bottom price, you win. But there might be an even more compelling reason: Lets assume that on March 1st (or whenever) there will be a huge dividend payout for the previous 20 or so days: roughly 0.0001 BTC per 1 unit which currently costs under 0.0008 BTC to buy. That one dividend alone is worth 12.5%. And I'll assume it will be paid in full to whomever owns the shares on March 1st (not split over who owned them in previous days). So it becomes really profitable to buy on that day before dividends. Since many people will expect the huge payout we might see a big buy order queue and a little price bubble that will burst as soon as dividends are paid. Of course it's all speculation, but if it happens like this there's plenty of great opportunities - all of which involve buying/holding in this break period. That is a big gamble at this point. Who knows if they will reto pay any lost dividends? |
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galdur
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February 13, 2015, 07:47:00 AM |
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It would be fine if the havelock website was at least sometimes up, because is almost always error 522 - timed out recently
It´s really annoying and had me rattled what with these bitcoin "exhanges" disappearing in this totally scam-ridden bitcoin marketplace. But Mabsark told me to "get used to it" as Havelock is concerned which damped my unease. And it´s up most of the time I guess. Still, uncertainty overhang that doesn´t go away is absolute poison in any market. |
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finbad
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February 13, 2015, 12:56:14 PM |
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one can tell how valuable bitcoin is going to be one day by the vast number of scams, and elaborate efforts crooks will go to get it today.
imho, entrusting hard earned BTC to anyone even remotely questionable is just foolhardy.
you guys can speculate all you want, but suspending anything in clearly communicated 7/24 operation is very very questionable.
I am amazed this has not cratered yet.
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pajaperc
Newbie
Offline
Activity: 54
Merit: 0
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February 13, 2015, 01:21:54 PM |
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it was thevictimofuktyranny who pushed me to leave AM Hash and Havelock. Man! that guy is freaky. He keeps on mumbling like he's on his own world and that he can only hear people whom he likes to listen to. Anyway, just decided now to check what's happening here after I sold my shares and so I see that there's still no official communication. I moved the money I have from Havelock over to bit-x and it also made me think of Belize for retirement after seeing that bit-x is located there |
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NotLambchop
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February 13, 2015, 01:47:34 PM |
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one can tell how valuable bitcoin is going to be one day by the vast number of scams, and elaborate efforts crooks will go to get it today.
... Not as much valuable as lending itself so well to scamming. Two reasons for that: 1. Vastly enhanced anonymity vis a vi fiat. 2. Seemingly limitless supply of nearly perfect marks--buffoons thinking themselves cleverer, thus throwing away their only defence--God-given horse sense of ones unblessed with smarts. But otherwise spot-on. |
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thevictimofuktyranny
Legendary
Offline
Activity: 1092
Merit: 1004
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February 13, 2015, 02:10:33 PM
Last edit: February 13, 2015, 02:22:35 PM by thevictimofuktyranny |
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it was thevictimofuktyranny who pushed me to leave AM Hash and Havelock. Man! that guy is freaky. He keeps on mumbling like he's on his own world and that he can only hear people whom he likes to listen to. Anyway, just decided now to check what's happening here after I sold my shares and so I see that there's still no official communication. I moved the money I have from Havelock over to bit-x and it also made me think of Belize for retirement after seeing that bit-x is located there No idea what you're talking about mate, I said I'd bought more AMhash at Havelock and bought other GHs at Genesis Mining, because I forecast (I posted those up for everyone) that difficulty will not double this year and a respectable profit is available on cloudmining investments  You say are saying you "sold" everything at Havelock. Looks like you've done the complete opposite of what I have done Therefore, nothing I wrote that had anything to do with your decision, except you're saying that you didn't understand. If, you didn't understand it, of course it will have 0% bearing on your recent panic selling decisions. |
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astronomino
Newbie
Offline
Activity: 15
Merit: 0
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February 13, 2015, 02:39:05 PM |
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Depending on how this works, there's plenty of reason to buy after people are done dumping.
At the very least, we should expect price to go up once dividends start up again - if you buy at bottom price, you win.
But there might be an even more compelling reason: Lets assume that on March 1st (or whenever) there will be a huge dividend payout for the previous 20 or so days: roughly 0.0001 BTC per 1 unit which currently costs under 0.0008 BTC to buy. That one dividend alone is worth 12.5%. And I'll assume it will be paid in full to whomever owns the shares on March 1st (not split over who owned them in previous days). So it becomes really profitable to buy on that day before dividends. Since many people will expect the huge payout we might see a big buy order queue and a little price bubble that will burst as soon as dividends are paid. Of course it's all speculation, but if it happens like this there's plenty of great opportunities - all of which involve buying/holding in this break period.
That is a big gamble at this point. Who knows if they will reto pay any lost dividends? I did say it was all speculation. But since no one in an official capacity (havelock or amhash) has made a statement so far about dividends in this period, there will be plenty of people (myself included) that will hope for the best. However, if a price bubble happens because people think they will pay the dividends, you can make a big profit on the share price alone and just not wait to find out if they actually pay them or not. |
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jawitech
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February 13, 2015, 03:13:05 PM |
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Havelock have 17 markets.
AMhash1 is 1 of 17 markets, there is no reason Havelock's staff or owner should prioritize this market over the other 16 markets.
Most other markets are dead or nearly dead. That's the only one with regular daily trading activity (next to B.xxx). |
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