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ineededausername
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May 05, 2013, 04:35:07 PM |
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why are shares so cheap on the BF PT right now? I don't know why anyone would sell for less than 1.5 btc.
It seems like low-liquidity markets such as Bitfunder, which often have some random guy sell 100 shares, driving down the price by .1, dictate the price for the rest of the market. It's a strange phenomenon. And it's strange because the rest of the market, as in the Auctions forum, routinely does hundreds of shares of sales without dropping the price. Include the fact that most people want to get 'direct' shares, and you get a pretty good idea of why auctions here are going for 1.5BTC each currently while the price is bad on passthroughs. Not my auction  |
(BFL)^2 < 0
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DeaDTerra
Donator
Legendary
 Offline
Activity: 1064
Merit: 1000
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May 05, 2013, 04:37:35 PM |
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why are shares so cheap on the BF PT right now? I don't know why anyone would sell for less than 1.5 btc.
It seems like low-liquidity markets such as Bitfunder, which often have some random guy sell 100 shares, driving down the price by .1, dictate the price for the rest of the market. It's a strange phenomenon. And it's strange because the rest of the market, as in the Auctions forum, routinely does hundreds of shares of sales without dropping the price. Include the fact that most people want to get 'direct' shares, and you get a pretty good idea of why auctions here are going for 1.5BTC each currently while the price is bad on passthroughs. Not my auction You can withdraw to "direct" shares, from the PT to your own account with FriedCat  //DeaDTerra |
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John (John K.)
Global Troll-buster and
Legendary
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Activity: 1288
Merit: 1227
Away on an extended break
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May 05, 2013, 04:39:35 PM |
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why are shares so cheap on the BF PT right now? I don't know why anyone would sell for less than 1.5 btc.
It seems like low-liquidity markets such as Bitfunder, which often have some random guy sell 100 shares, driving down the price by .1, dictate the price for the rest of the market. It's a strange phenomenon. And it's strange because the rest of the market, as in the Auctions forum, routinely does hundreds of shares of sales without dropping the price. Include the fact that most people want to get 'direct' shares, and you get a pretty good idea of why auctions here are going for 1.5BTC each currently while the price is bad on passthroughs. Not my auction You can withdraw to "direct" shares, from the PT to your own account with FriedCat //DeaDTerra 250 shares aren't really newbie friendly.  |
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DeaDTerra
Donator
Legendary
Offline
Activity: 1064
Merit: 1000
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May 05, 2013, 04:46:47 PM |
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why are shares so cheap on the BF PT right now? I don't know why anyone would sell for less than 1.5 btc.
It seems like low-liquidity markets such as Bitfunder, which often have some random guy sell 100 shares, driving down the price by .1, dictate the price for the rest of the market. It's a strange phenomenon. And it's strange because the rest of the market, as in the Auctions forum, routinely does hundreds of shares of sales without dropping the price. Include the fact that most people want to get 'direct' shares, and you get a pretty good idea of why auctions here are going for 1.5BTC each currently while the price is bad on passthroughs. Not my auction You can withdraw to "direct" shares, from the PT to your own account with FriedCat //DeaDTerra 250 shares aren't really newbie friendly. It is not a hard limit, the only reason it exists is to keep the work load on Friedcat low. //DeaDTerra |
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velacreations
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May 05, 2013, 04:50:59 PM |
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It seems like low-liquidity markets such as Bitfunder, which often have some random guy sell 100 shares, driving down the price by .1, dictate the price for the rest of the market. It's a strange phenomenon. And it's strange because the rest of the market, as in the Auctions forum, routinely does hundreds of shares of sales without dropping the price.
I don't know why anyone would buy in the auctions for 1.4+, when they can get them for 1.2 or less in the PTs. You can buy 100+shares on BF for an average price of about 1.2. Is having direct shares really worth .1-.3 btc per share? I find it strange that buyers don't go for the PTs vs the auctions. Saving 20-30 btc on 100 shares is a big deal to me (I don't have that many btc...) Maybe it's just me, but with the hashrate increasing + the USB miners, I think a price of 1.2 is undervalued. I certainly wouldn't sell for that price. I'm hoping for a good dividend this week to buy more shares while they are cheap! |
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John (John K.)
Global Troll-buster and
Legendary
Offline
Activity: 1288
Merit: 1227
Away on an extended break
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May 05, 2013, 05:08:12 PM |
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It seems like low-liquidity markets such as Bitfunder, which often have some random guy sell 100 shares, driving down the price by .1, dictate the price for the rest of the market. It's a strange phenomenon. And it's strange because the rest of the market, as in the Auctions forum, routinely does hundreds of shares of sales without dropping the price.
I don't know why anyone would buy in the auctions for 1.4+, when they can get them for 1.2 or less in the PTs. You can buy 100+shares on BF for an average price of about 1.2. Is having direct shares really worth .1-.3 btc per share? I find it strange that buyers don't go for the PTs vs the auctions. Saving 20-30 btc on 100 shares is a big deal to me (I don't have that many btc...) Maybe it's just me, but with the hashrate increasing + the USB miners, I think a price of 1.2 is undervalued. I certainly wouldn't sell for that price. I'm hoping for a good dividend this week to buy more shares while they are cheap! Maybe they're trying to snap up more shares discreetly and don't want to 'disturb' the prices on PT's.  |
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velacreations
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May 05, 2013, 05:20:41 PM |
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Maybe they're trying to snap up more shares discreetly and don't want to 'disturb' the prices on PT's. Ok, guys. No one buy on BF until after the dividends on Weds and after payday next week so that I can still get the cheap shares, plz.  |
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bitfair
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May 05, 2013, 06:52:37 PM |
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You guys know what would be interesting for handling a bit of sales volume in the future? BitPay, with fulfillment by Amazon: https://bitpay.com/amazonFirst of all, it would relieve ASICMINER of some logistics while still getting products out en masse. Second, it would reach a wide audience. Thirdly, it would create some extremely positive press for everyone involved: ASICMINER, BitPay, Bitcoin and Amazon. Anyway, just an idea - but quite an enticing thought, right? Edit: http://services.amazon.com/fulfillment-by-amazon/benefits.htm |
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arklan
Legendary
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Activity: 1778
Merit: 1008
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May 05, 2013, 06:54:09 PM |
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You guys know what would be interesting for handling a bit of sales volume in the future? BitPay, with fulfillment by Amazon: https://bitpay.com/amazonFirst of all, it would relieve ASICMINER of some logistics while still getting products out en masse. Second, it would reach a wide audience. Thirdly, it would create some extremely positive press for everyone involved: ASICMINER, BitPay, Bitcoin and Amazon. Anyway, just an idea - but quite an enticing thought, right? i think it's absolutely worth looking at. |
i don't post much, but this space for rent.
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velacreations
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May 05, 2013, 07:06:29 PM |
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You guys know what would be interesting for handling a bit of sales volume in the future? BitPay, with fulfillment by Amazon: https://bitpay.com/amazonFirst of all, it would relieve ASICMINER of some logistics while still getting products out en masse. Second, it would reach a wide audience. Thirdly, it would create some extremely positive press for everyone involved: ASICMINER, BitPay, Bitcoin and Amazon. Anyway, just an idea - but quite an enticing thought, right? Edit: http://services.amazon.com/fulfillment-by-amazon/benefits.htmCould we do this with the USB miners? Then, we could remove the 300 unit minimum. The #1 complaint about those units has been the price. #2 is the 300 unit minimum. Take the pressure off of one or the other f those issues and you could sell out pretty damn fast. |
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ThickAsThieves
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May 05, 2013, 07:08:41 PM |
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ASICMINER won't consider changing anything unless the USBs aren't selling well as-is. Just wait it out if you aren't happy with the current offering, AM knows what to do.
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bitfair
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May 05, 2013, 07:14:15 PM
Last edit: May 05, 2013, 07:33:54 PM by bitfair |
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ASICMINER won't consider changing anything unless the USBs aren't selling well as-is. Just wait it out if you aren't happy with the current offering, AM knows what to do.
I wasn't making the suggestion out of discontent - I was suggesting something I believe it would hugely benefit shareholders: solve logistical bottlenecks and increase product exposure. Obviously it's not necessary to do so at this early stage, but when scaling up it could be useful to consider... |
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velacreations
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May 05, 2013, 07:32:49 PM |
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ASICMINER won't consider changing anything unless the USBs aren't selling well as-is. Just wait it out if you aren't happy with the current offering, AM knows what to do.
I wasn't making the suggestion out of discontent - I was suggesting I believe it would hugely benefit shareholders: solve logistical bottlenecks and increase product exposure. Obviously it's not necessary to do so at this early stage, but when scaling up it could be useful to consider... I think it could be very beneficial for the USB miners. Just ship to a few central shipping facilities in large amounts and then sell individual units at retail prices to the public. |
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gmouse
Newbie
Offline
Activity: 51
Merit: 0
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May 05, 2013, 07:52:35 PM |
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I think it could be very beneficial for the USB miners. Just ship to a few central shipping facilities in large amounts and then sell individual units at retail prices to the public.
At first blush it sounds interesting, but I hate to be at the mercy of Amazon when it comes to any future pressure from outside entities that the product is illegal,no matter how ridiculous such a claim might be. Hopefully the group buy system with prove efficient enough, but the day AM has the problem of needing a larger retail solution will be a very good day indeed... |
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eastpk
Member
Offline
Activity: 120
Merit: 10
WINSTARS - We are changing the face of gambling
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May 05, 2013, 08:44:10 PM |
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Hi guys, Has anyone seen this thread here? https://bitcointalk.org/index.php?topic=196138.0 Is there anything the shareholders will have to worry about with the dividends? I'm not even sure if this was legit but just was curious because they specifically brought up AM. Thanks |
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phantastisch
Legendary
Offline
Activity: 2271
Merit: 1363
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May 05, 2013, 08:49:41 PM |
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Hi guys, Has anyone seen this thread here? https://bitcointalk.org/index.php?topic=196138.0 Is there anything the shareholders will have to worry about with the dividends? I'm not even sure if this was legit but just was curious because they specifically brought up AM. Thanks The confirmation satoshis will not be relayed anymore. But dividends will payout just fine. |
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eastpk
Member
Offline
Activity: 120
Merit: 10
WINSTARS - We are changing the face of gambling
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May 05, 2013, 08:51:21 PM |
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Hi guys, Has anyone seen this thread here? https://bitcointalk.org/index.php?topic=196138.0 Is there anything the shareholders will have to worry about with the dividends? I'm not even sure if this was legit but just was curious because they specifically brought up AM. Thanks The confirmation satoshis will not be relayed anymore. But dividends will payout just fine. Thank you! I wasnt sure if this had anything to do with AM. Appreciate your help |
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JaredR26
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May 05, 2013, 08:52:34 PM |
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ASICMINER won't consider changing anything unless the USBs aren't selling well as-is. Just wait it out if you aren't happy with the current offering, AM knows what to do.
I wasn't making the suggestion out of discontent - I was suggesting something I believe it would hugely benefit shareholders: solve logistical bottlenecks and increase product exposure. Obviously it's not necessary to do so at this early stage, but when scaling up it could be useful to consider... Realistically the problem isn't that we can't ship individual miners. The problem is just running auctions. Someone just needs to make a dead simple website to handle this. Maybe make it tied to forum ID's for verification, and require escrow deposits for newbie members to bid. That's it. The process doesn't need to be difficult. I would do it but I'm working on something larger that will benefit Bitcoin more. |
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philipma1957
Legendary
Offline
Activity: 4522
Merit: 9958
'The right to privacy matters'
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May 05, 2013, 10:26:22 PM |
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thanks. back to the usb sticks. are they really going to sell at 2 BTC = 220 USD. If I buy a hd7790 it will hash at 300 just like the usb stick. I can get one for 140 usd. yeah I am way ahead on price. 80 bucks. so if the usb stick costs zero power if you plug it in someone's pc the hd7790 is 32 us cents a day. if you pay 16 cents a k-watt. that 80 usd I am ahead on price with the hd7790 would take 250 days to spend 80 usd in power. I realize that the usb stick will get new people into BTC. I just can't see a reseller paying 220 usd for these sticks. at least in the usa. but then again one guy sold a working jalapeño for 4400 usd. that is 20x the price at 5800 hash. I guess the sticks could sell at 300 one at a time to the right buyer but a reseller would not want to pay 220 to sell at 300. I have some shares of asic miner pt. I have a large gpu farm 10Gh/s I have 2 jalapenos on order and I canceled an order for 2x little singles. When I get that refund I will buy 10 more shares of asicminer pt. I guess the sticks work for power thieves / chiselers Which turns me off I could see a future problem with this. I can see the sticks are good in a high cost power area.. I know of more then one spot with power at 50 cents a k-watt . Well we need to wait and see if they help us or hurt us.
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