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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916384 times)
Eric Muyser
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July 01, 2013, 05:39:23 PM
 #8981

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

It may seem that way...but I seriously believe this guy just did us a massive favour by stabilising the price

He should have made the minimum shares higher than 20 though >.<

@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
Eric Muyser
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July 01, 2013, 05:41:00 PM
 #8982

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

Why would you consider it a bad decisions with the ridiculous dividends coming in the future?

Because daily fluctuations in share prices are already orders of magnitude larger than any dividend payment to date. A BTC0.04 dividend equals a net loss if the shares you bought at BTC4.5 are now selling for BTC4.45.


lol, you need to see a net profit in one week? Gimme a break nobody expects that, when it comes to stable dividends they understand if the average yearly earning is 25% on their purchase price, then they can see the stock price drop 24% and still make a 1% profit.

@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
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July 01, 2013, 05:43:18 PM
 #8983

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

Why would you consider it a bad decisions with the ridiculous dividends coming in the future?

Because daily fluctuations in share prices are already orders of magnitude larger than any dividend payment to date. A BTC0.04 dividend equals a net loss if the shares you bought at BTC4.5 are now selling for BTC4.45.


Be quiet...it better be a secret.....
aahzmundus
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July 01, 2013, 05:44:37 PM
 #8984

So a little bit of digging....

I believe Jutarul will not do this much more.  He currently owns 7,500 shares... unless he has his shares under multiple addresses.  After this sale, 6,500.  I doubt he will bring himself below the 5,000 level of a board member... why would you give up a board seat?  So assuming all his shares are in one address he will only have 1,500 shares to sell after this sell off.

Looking at https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c&lsrp=1#gid=4  I wonder who 1BnkEt2ceoVhnQVrqeAzigcroQ6MVyxFey and 12m9dz42JrwCwLhxuzVMzNs9BXvwxTp3B1 are...  Do we know the holding address of... coinlenders?  some of the big funds? We should work on identifying who the big shareholders are.

I am 1SGvKZibKZyJGzpxwyUo5hR9PSmPyRxKS (swore I was way higher on the list... oh well my ego).  Yeay Transparency!

tinus42
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July 01, 2013, 05:44:53 PM
 #8985

"However, many are less optimistic about the future of the currency, questioning its stainability and constant fluctuations."

That's always bugged me: bitcoins are great, but how can I stain them please?

You can taint them but I never heard of anyone staining them. Cheesy
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July 01, 2013, 05:47:09 PM
 #8986

Over a third of the shares sold in less than 30 minutes. You call that a wall?
nubbins
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July 01, 2013, 05:48:59 PM
 #8987

lol, you need to see a net profit in one week? Gimme a break nobody expects that, when it comes to stable dividends they understand if the average yearly earning is 25% on their purchase price, then they can see the stock price drop 24% and still make a 1% profit.

I don't need to see anything. I'm not personally concerned about the price of shares at all. The rubes buying in at BTC4.5, however...

No longer buying/selling Casascius coins. Beware scammers.
My OTC Web of Trust ratings / What's a PGP chain of custody?
aahzmundus
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July 01, 2013, 05:49:10 PM
 #8988

Over a third of the shares sold in less than 30 minutes. You call that a wall?

Well, I hoped it was... just sold off a good portion of my shares under the assumption the wall would hold for a min of 2 weeks.  Goes to show... never count on AM going down or failing, or apparently slowing down.

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July 01, 2013, 05:51:42 PM
 #8989

So a little bit of digging....

I believe Jutarul will not do this much more.  He currently owns 7,500 shares... unless he has his shares under multiple addresses.  After this sale, 6,500.  I doubt he will bring himself below the 5,000 level of a board member... why would you give up a board seat?  So assuming all his shares are in one address he will only have 1,500 shares to sell after this sell off.

Looking at https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c&lsrp=1#gid=4  I wonder who 1BnkEt2ceoVhnQVrqeAzigcroQ6MVyxFey and 12m9dz42JrwCwLhxuzVMzNs9BXvwxTp3B1 are...  Do we know the holding address of... coinlenders?  some of the big funds? We should work on identifying who the big shareholders are.

I am 1SGvKZibKZyJGzpxwyUo5hR9PSmPyRxKS (swore I was way higher on the list... oh well my ego).  Yeay Transparency!

I think this address is belong to AM itself...    because 94415+94415+47208=24K shares which they same as they stated that they will hold 24K shares ..
I just guessing , could be wrong ...
TsuyokuNaritai
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July 01, 2013, 05:52:56 PM
 #8990

the wall would hold for a min or 2
FTFY  Grin

Eric Muyser
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July 01, 2013, 05:53:14 PM
 #8991

lol, you need to see a net profit in one week? Gimme a break nobody expects that, when it comes to stable dividends they understand if the average yearly earning is 25% on their purchase price, then they can see the stock price drop 24% and still make a 1% profit.

I don't need to see anything. I'm not personally concerned about the price of shares at all. The rubes buying in at BTC4.5, however...

Yawn. Not if it stays at 4.5 or goes to 5 or 10 or even 4 BTC is still a profit in less than a year.

@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
binaryFate
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Still wild and free


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July 01, 2013, 05:55:59 PM
 #8992

Almost half the wall gone already.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
MrBubbles007
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July 01, 2013, 06:00:50 PM
 #8993

lol, you need to see a net profit in one week? Gimme a break nobody expects that, when it comes to stable dividends they understand if the average yearly earning is 25% on their purchase price, then they can see the stock price drop 24% and still make a 1% profit.

I don't need to see anything. I'm not personally concerned about the price of shares at all. The rubes buying in at BTC4.5, however...

I dont see how people can think its a good idea to keep buying in at this price either...
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July 01, 2013, 06:01:08 PM
 #8994

Yawn. Not if it stays at 4.5 or goes to 5 or 10 or even 4 BTC is still a profit in less than a year.

Sorry if I'm boring you. Maybe I'll give unbridled optimism a shot, it's pretty popular lately:

Why stop at 10? At the rate things have been going, it'll reach 120 by next year! Buy at any price! Etc.

No longer buying/selling Casascius coins. Beware scammers.
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empoweoqwj
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July 01, 2013, 06:02:10 PM
 #8995

Almost half the wall gone already.


Over half gone. Looks like it kept the price stable for about 1hr 30 mins Smiley
Eric Muyser
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July 01, 2013, 06:04:20 PM
Last edit: July 01, 2013, 06:23:41 PM by Eric Muyser
 #8996

Yawn. Not if it stays at 4.5 or goes to 5 or 10 or even 4 BTC is still a profit in less than a year.

Sorry if I'm boring you. Maybe I'll give unbridled optimism a shot, it's pretty popular lately:

Why stop at 10? At the rate things have been going, it'll reach 120 by next year! Buy at any price! Etc.

I actually have some conservative stances against AM as laid out here, but they are based on something. That's the difference. Saying you're at a loss if it drops 0.05, and thus should not invest, doesn't hold say much.

You can come up with a lot of good reasons not to invest at 4.5, or 2.5, or at all, but it's not that.

The recent optimism is based on more substance than that.

Edit: Sorry nubbins, I'm going through some IRL stuff. That was uncalled for. I shouldn't be arguing online.

@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
aahzmundus
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July 01, 2013, 06:07:36 PM
 #8997

Annnnd im buying back in.  See? I was only able to keep my money out of ASICMINER for what, 40 min?  I will never pay off my loans this way!!!?!

cp1
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July 01, 2013, 06:14:31 PM
 #8998

BTC price is going to be interesting if there's a 4500 BTC sell off coming.

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
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July 01, 2013, 06:15:47 PM
 #8999

Annnnd im buying back in.  See? I was only able to keep my money out of ASICMINER for what, 40 min?  I will never pay off my loans this way!!!?!

Lol.  Yes you will, and I'm a little jealous that you'll be able to! (yes, still buried, even at my age (late to college) :p )  Just not today Smiley

BTC: 1MrNRPo7p8DEyxn87c9BCGwrbatBQeCHc1
nubbins
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July 01, 2013, 06:18:12 PM
 #9000

I actually have some conservative stances against AM as laid out here, but they are based on something. That's the difference. Saying you're at a loss if it drops 0.05, and thus should not invest, is moronic.

You can come up with a lot of good reasons not to invest at 4.5, or 2.5, or at all, but it's not that.

The recent optimism is based on more substance than that.

You were the first to bring up dividends, so I responded to that point -- I don't think dividends are a compelling reason to do anything at the moment. It's much more interesting (and profitable) to just be buying and selling shares at this point.

And for what it's worth, name-calling reflects poorly on one's character. There's enough shitheads on the forum already, why don't we at least try to keep the conversation civil?

No longer buying/selling Casascius coins. Beware scammers.
My OTC Web of Trust ratings / What's a PGP chain of custody?
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