Lohoris
|
|
June 07, 2013, 04:45:12 PM Last edit: June 07, 2013, 05:22:54 PM by Lohoris |
|
It's obvious the only people who want the price to decrease are the ones WANTING TO BUY SOME at a discount, with little to no interest in friedcats success. These fools are inexperienced at life and half no idea how supply and demand works. If he can get away with selling these sticks for 2 bitcoins, he will! If he could get away with selling them for 5 bitcoins, he would!
+1 That's the same kind of people who complain when alt currencies get dumped, but don't buy them instead (implying they don't really believe them to be valuable either). With todays change in bitcoins exchange value, oh dare i tell you of indirect discount
Wrong. Since they are priced in BTC and using them you earn BTC, the exchange ratio with other currencies is totally irrelevant. If you are long on bitcoin it would be a good time to get a blade
Wrong: it would be a good time to buy bitcoins, if you spend them to get a blade is irrelevant, as I explained above.
|
|
|
|
stripykitteh
Legendary
Offline
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
|
|
June 07, 2013, 05:15:31 PM |
|
With todays change in bitcoins exchange value, oh dare i tell you of indirect discount for blades and sticks and witness this mount of gox increase my little dividend collection box.
Certainly it will put the blades within reach of more people if they've got fiat on hand to pay for one. But the returns measured in fiat will be lower as well. If you are long on bitcoin it would be a good time to get a blade (well, better than a couple of weeks ago, anyway). Oh, and I agree; MOAR dividends for us!
|
|
|
|
|
philipma1957
Legendary
Online
Activity: 4256
Merit: 8568
'The right to privacy matters'
|
|
June 07, 2013, 06:51:27 PM |
|
pretty pointless discussion going on.. AM will make new price finding auctions as soon as its necessary, the update tells us it is still not. Also the guess with 30-40$ cost per stick is propably much too high since the blades cost them around 100$ in production. The margin must be somewhat equal or they wouldnt take the hassle. My guess is 5-10$ for a stick.
so AM sold 1btc blade for 50btc. and a .3btc stick for 2btc this was pushed into divs payout and divs have been huge. All I am saying is 3 income sources; 1) blade sales 2)stick sales 3)mining AM will not keep 1 and 2 as high as they have been. 3) is kind of fixed in BTC count 22-30% of the hash. So expect an adjustment in divs and in stock price. Your basic analysis is correct, but your conclusions assume AM has no gameplan for this scenario. Any company selling products in a competitive space needs to assume this will happen. Products sell for premiums when there is minimal competition. Prices drop to increase sales volume when competition increases and demand lowers. Margins shrink. Meanwhile, any responsible company will already have a successor product in the pipeline to bring on the market when the conditions are correct (profit has dropped too far, old inventory has cleared, competitive environment is favorable, etc). The fact that they sold ~40% of their sticks at top premium price is amazing. I'm sure they will offer price reduction soon enough to move the rest of the inventory. At this point, we're looking toward the first conclusion of a product cycle within the ASIC space as competition comes online. What AM does here is pivotal to investor confidence. If they have been planning well, we won't see a huge change in business performance. If they haven't planned for this, we'll see the gap you are predicting. Place your bets. I did I counted my winnings and left the table. (I do keep an eye out to see the next play on AM's part.)
|
|
|
|
SebastianJu
Legendary
Offline
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
|
|
June 07, 2013, 08:05:03 PM |
|
Hm... i read people still bought BFL-Miners "last week"... i wonder how many could be "saved" when Asicminer would be so known for their Miner-Offers like BFL is... Even though i see that friedcat would have work with it, for example explaining what website they want, speak about design and functionality im interested to see the effect. What effect would have advertising at bitcointalk.org? What effect other internet marketing techniques? I think it could lead to much more sells and maybe even to less poor guys thinking BFL is the one and only legit Miner-Company. At the end only friedcat can decide such things. And it looks like its not top priority. I tend to believe friedcat thinks there are other things he can do to maximize dividends. At least he shows it all the time. But a rethink cant be bad. Dude if you were referring to me then no I did not buy the miner last week, I did that ages ago. I think it was before the IPO divs were over. . I got it when BTC was above $230 before the nosedive. I dont believe it was you. I saw someone writing he "ordered" a week ago. And i wondered how this still can happen.
|
Please ALWAYS contact me through bitcointalk pm before sending someone coins.
|
|
|
glendall
Legendary
Offline
Activity: 2198
Merit: 1018
Buzz App - Spin wheel, farm rewards
|
|
June 07, 2013, 08:09:51 PM Last edit: June 07, 2013, 08:35:16 PM by glendall |
|
How can people be upset that their may be a price drop?
Sort of like being upset it's raining. Kind of childish. Understandable but not really productive..
Maybe you bought it at too high of a price then if you are upset about a price drop. For anyone who bought at <2 BTC a share, of which there are many, than they aren't too shook up about a potential drop from 2.5 to 2.4 a share.
|
|
|
|
metavox
Newbie
Offline
Activity: 9
Merit: 0
|
|
June 07, 2013, 08:31:29 PM |
|
How can people be upset that their may be a price drop?
Sort of like being upset it's raining. Kind of childish.
Maybe you bought it at too high of a price then if you are upset about a price drop. For anyone who bought at <2 BTC a share, of which there are many, than they aren't too shook up about a potential drop from 2.5 to 2.4 a share.
Good point. It's also a question of short-term speculation vs long-term growth/viability. Even if you bought at/near the recent high, near-term dips below your buy-in price don't matter if you have confidence in AM management in the long run.
|
|
|
|
velacreations
|
|
June 07, 2013, 08:45:34 PM |
|
a potential drop from 2.5 to 2.4 a share.
I'm seeing shares selling for almost 2.6 in the auctions. With demand like that, I think people would be crazy to sell for less than 2.5
|
|
|
|
sveetsnelda
|
|
June 07, 2013, 08:54:37 PM |
|
Has there been any word about the price of blades and/or USBs being reduced? I'm an advocate for selling them at as high a price point as the market allows, even though I'm purchasing them, but with with the recent spike in difficulty it would seem to make sense to consider a price reduction. A definitive yes or no over the next week or two would be great, I can't be the only one hesitating to place more orders due to this uncertainty.
Same story here. I've been buying, but I don't think it'd be financially viable for me to buy any more blades until the price is adjusted. BFL has obviously had a horrid track record, but they're certainly ramping up the shipments. Difficulty is about to go bananas.
|
14u2rp4AqFtN5jkwK944nn741FnfF714m7
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
June 07, 2013, 09:59:26 PM |
|
No problem learning more and getting less confused with each clarification In Friedcat's dividend where did that 0.00000001 come from? Before friedcat sends the dividends transaction, he sends another transaction that is used to identify how many shares each address owns. If you own 1 share, you get paid 0.00000001. If you own 5 shares, you get paid 0.0000005. If you own 2000 shares, you get paid 0.00002000, etc. Since there are people that do own only 1 share, this transaction always has at least one 0.00000001 payment in it and so it always looks like spam. Thanks for explaining the client change and hope that algorithm adaption occurs sometime in the near future Is their any time-frame at this stage on that
Gavin didn't say. So that's why it treats the sending as spam when sent in chain blocks. I was wondering if its the algorithm adoption is correlated to any project development threads for referencing similar to this https://bitcointalk.org/index.php?topic=204283.0Thanks again
|
Believing in Bitcoins and it's ability to change the world
|
|
|
crashoveride54902
|
|
June 07, 2013, 11:10:24 PM |
|
How can people be upset that their may be a price drop?
Sort of like being upset it's raining. Kind of childish.
Maybe you bought it at too high of a price then if you are upset about a price drop. For anyone who bought at <2 BTC a share, of which there are many, than they aren't too shook up about a potential drop from 2.5 to 2.4 a share.
Good point. It's also a question of short-term speculation vs long-term growth/viability. Even if you bought at/near the recent high, near-term dips below your buy-in price don't matter if you have confidence in AM management in the long run. I believe in AM shares...฿ 2.679 for 1 share is what i paided...and i'm happy i did it cause i believe share price will continue to climb, also pray/hope i'm right so i hope they keep 20-30% of the network for a long time to come...
|
Dreams of cyprto solving everything is slowly slipping away...Replaced by scams/hacks
|
|
|
nubbins
Legendary
Offline
Activity: 1554
Merit: 1009
|
|
June 07, 2013, 11:47:25 PM |
|
grilled cat identity USB mining machine!!!
|
|
|
|
binaryFate
Legendary
Offline
Activity: 1512
Merit: 1012
Still wild and free
|
|
June 07, 2013, 11:58:16 PM |
|
I tend to believe friedcat thinks there are other things he can do to maximize dividends.
grilled cat identity USB mining machine!!!
Smart move, competitors didn't see that coming...
|
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
June 08, 2013, 12:06:52 AM |
|
grilled cat identity USB mining machine!!!
Well blame Google Translate, obviously it is not perfect. I did that because I think what Friedcat says in relation to ASICminer, even if it is in another language, should be posted here. Google Translate a Meme making machine (Well it fits for the frying pan and cat silhouette T-Shirt) Grilled or Fried we do not mind That said this news is interesting
|
Believing in Bitcoins and it's ability to change the world
|
|
|
Melbustus
Legendary
Offline
Activity: 1722
Merit: 1004
|
|
June 08, 2013, 12:35:33 AM |
|
Google Translate a Meme making machine (Well it fits for the frying pan and cat silhouette T-Shirt) Grilled or Fried we do not mind This shirt?: http://teespring.com/friedcat
|
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
June 08, 2013, 12:49:00 AM |
|
Google Translate a Meme making machine (Well it fits for the frying pan and cat silhouette T-Shirt) Grilled or Fried we do not mind This shirt?: http://teespring.com/friedcatYah that one
|
Believing in Bitcoins and it's ability to change the world
|
|
|
boyohi
|
|
June 08, 2013, 12:54:44 AM |
|
grilled roast cat cats communicate
mm right, right. tell me more.
|
|
|
|
JSMill
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 08, 2013, 01:00:35 AM |
|
Google Translate a Meme making machine (Well it fits for the frying pan and cat silhouette T-Shirt) Grilled or Fried we do not mind This shirt?: http://teespring.com/friedcatIs there any way that I can change the color?
|
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
June 08, 2013, 01:03:44 AM |
|
Google Translate a Meme making machine (Well it fits for the frying pan and cat silhouette T-Shirt) Grilled or Fried we do not mind This shirt?: http://teespring.com/friedcatIs there any way that I can change the color? Not my shirt project I just gave him a picture of a frying pan and a cat silhouette got to ask the other guy but I assume yes if the project succeeded That or Tie Dye
|
Believing in Bitcoins and it's ability to change the world
|
|
|
Therealcos
Newbie
Offline
Activity: 37
Merit: 0
|
|
June 08, 2013, 01:12:20 AM |
|
Hey guys, short question: Is it okay to use a Bitstamp address for ASICMiner shares?
|
|
|
|
|