ASICMINER: Entering the Future of ASIC Mining by Inventing It

[SOSLOVE868]

I honestly don't know and I can't find anything on btct.co, could you explain it for me?

Instead of buying real shares you can buy options for just a "premium price" and call for real shares later.
(Or don't call if those don't rise in price).
This allows for two things: less capital for investment (until you call) and less capital at risk (you can lose only what you paid for options).

Put options are opposite. When you write option and somebody buys them you promise to buy back shares (if requested) at that specified price.
Even if they are not worth that price.

So both things are kinds of bet.

And in this case, it appears someone bought a put option to purchase 1 share with a strike price of BTC3.5, nearly 100x above the market price.

The only thing is you can make a mistake with the button on BTCT...it just one click then you will no chance to regret.

[teek]

Canadian here at WTCR.ca!

[empoweoqwj]

Step away for a week and the price has EXPLODED!  Pleasant pleasant surprise.  Where do you think the ceiling is?  Still time to buy in more?

I think the ceiling is around 12BTC per share. I think we will surpass 6 this week and be halfway to what I'd consider to be the reasonable ceiling. If it goes higher than 12BTC per share then we know it's just a bubble. Big players will sell at around 10BTC per share which is why I put 12 as a ceiling because it's psychological similar to when BTC passed $100 the first time.

Everybody who got in at 2.5-3 are in a position to keep buying more shares. If you're just getting in now at 5BTC a share you may still profit, and anyone getting in at 6BTC is just speculating that it will get to 10. I predict it will go as high as it can go until a big player decides to sell and even if they do sell it only buys us some time, maybe a couple weeks.

Pure bubble-boy talk. The train to bubble-town has left the station 

[freedomno1]

Out of curiosity, are Eric M. and myself the only Canadian AM shareholders here? I know we have more lurking in the shadows!

You can add me to the list of lurking Canadian shareholders.  Wednesday is no longer hump day; it's climax day!  

We're in Vancouver.   :-)

Alberta!!! RD And thriving after all that flooding
If I knew their were that many Canadians here would have said Happy Canada day in the thread  

[aahzmundus]

I honestly don't know and I can't find anything on btct.co, could you explain it for me?

Instead of buying real shares you can buy options for just a "premium price" and call for real shares later.
(Or don't call if those don't rise in price).
This allows for two things: less capital for investment (until you call) and less capital at risk (you can lose only what you paid for options).

Put options are opposite. When you write option and somebody buys them you promise to buy back shares (if requested) at that specified price.
Even if they are not worth that price.

So both things are kinds of bet.

And in this case, it appears someone bought a put option to purchase 1 share with a strike price of BTC3.5, nearly 100x above the market price.

Yeah... that was me.  the book on options im readng said options are ALWAYS on groups of 100 shares. When I saw the escrow for the option I set up was for .035 I knew something was wrong... Instead of assuming the number of shares were wrong (the correct answer, stupid book... i believed you!) I assumed maybe the strike price was for the whole block and not the individual share.

I basically just paid to learn options, when I really think of it though my mistake cost me less then it would have to sign up for some class and learn probably.  I am not mad, it was my ignorance that got me, back to reading about options!

[cp1]

Yeah... that was me.  the book on options im readng said options are ALWAYS on groups of 100 shares. When I saw the escrow for the option I set up was for .035 I knew something was wrong... Instead of assuming the number of shares were wrong (the correct answer, stupid book... i believed you!) I assumed maybe the strike price was for the whole block and not the individual share.

I basically just paid to learn options, when I really think of it though my mistake cost me less then it would have to sign up for some class and learn probably.  I am not mad, it was my ignorance that got me, back to reading about options!

Oof -- sorry to hear that

[Adrian-x]

Out of curiosity, are Eric M. and myself the only Canadian AM shareholders here? I know we have more lurking in the shadows!

You can add me to the list of lurking Canadian shareholders.  Wednesday is no longer hump day; it's climax day!  

We're in Vancouver.   :-)

Alberta!!! RD And thriving after all that flooding
If I knew their were that many Canadians here would have said Happy Canada day in the thread  

Another Vancouverite who loves Wednesdays.

[joele]

We just hit 5 btc/share on BTCT.co

Congrats everyone!

I just sold some of my shares @ 4.32, I need to borrow a time machine.

[mupartee]

I'm a little new to the shares world, can I get this explained to me like a 5-year-old? Sorry for the inconvenience but I would like to buy in if it's a good option, but I'm not sure where to start. I love bitcoin and support everything it stands for, but if it doesn't start to become a little more easy to understand and handle, then that will only slow it down for mainstream adoption. Although I'm not a genius, I'm also not an idiot, and the learning curve here for the non-economic and non-techy types like myself is tremendous...

[tinus42]

Out of curiosity, are Eric M. and myself the only Canadian AM shareholders here? I know we have more lurking in the shadows!

You can add me to the list of lurking Canadian shareholders.  Wednesday is no longer hump day; it's climax day!  

We're in Vancouver.   :-)

Alberta!!! RD And thriving after all that flooding
If I knew their were that many Canadians here would have said Happy Canada day in the thread  

Another Vancouverite who loves Wednesdays.

All those Canadians. Am I the only Dutch shareholder?

[Dumbastronaut]

South Florida shareholders represent!

[freedomno1]

I'm a little new to the shares world, can I get this explained to me like a 5-year-old? Sorry for the inconvenience but I would like to buy in if it's a good option, but I'm not sure where to start. I love bitcoin and support everything it stands for, but if it doesn't start to become a little more easy to understand and handle, then that will only slow it down for mainstream adoption. Although I'm not a genius, I'm also not an idiot, and the learning curve here for the non-economic and non-techy types like myself is tremendous...

Need a better question format
But I would suggest reading a few articles from Moneysense or Investopedia to get started
Before even considering trading you should determine what type of trader you are
http://www.investopedia.com/articles/investing/052413/what-type-trader-are-you.asp
http://www.investopedia.com/
http://www.investopedia.com/articles/trading/06/daytradingretail.asp
For ASICminer related stuff try the google doc or various other links
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=12

[mupartee]

I'm a little new to the shares world, can I get this explained to me like a 5-year-old? Sorry for the inconvenience but I would like to buy in if it's a good option, but I'm not sure where to start. I love bitcoin and support everything it stands for, but if it doesn't start to become a little more easy to understand and handle, then that will only slow it down for mainstream adoption. Although I'm not a genius, I'm also not an idiot, and the learning curve here for the non-economic and non-techy types like myself is tremendous...

Need a better question format
But I would suggest reading a few articles from Moneysense or Investopedia to get started
Before even considering trading you should determine what type of trader you are
http://www.investopedia.com/articles/investing/052413/what-type-trader-are-you.asp
http://www.investopedia.com/
http://www.investopedia.com/articles/trading/06/daytradingretail.asp
For ASICminer related stuff try the google doc or various other links
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=12

Thanks freedomno1, I'll check them out...

[freedomno1]

I'm a little new to the shares world, can I get this explained to me like a 5-year-old? Sorry for the inconvenience but I would like to buy in if it's a good option, but I'm not sure where to start. I love bitcoin and support everything it stands for, but if it doesn't start to become a little more easy to understand and handle, then that will only slow it down for mainstream adoption. Although I'm not a genius, I'm also not an idiot, and the learning curve here for the non-economic and non-techy types like myself is tremendous...

Need a better question format
But I would suggest reading a few articles from Moneysense or Investopedia to get started
Before even considering trading you should determine what type of trader you are
http://www.investopedia.com/articles/investing/052413/what-type-trader-are-you.asp
http://www.investopedia.com/
http://www.investopedia.com/articles/trading/06/daytradingretail.asp
For ASICminer related stuff try the google doc or various other links
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=12

Thanks freedomno1, I'll check them out...

My personal favorite is the Wealthy Barber for a really simple way to explain it like a 5-year old  but not sure where to find that Url
Best of luck though
Dividend day approaches

[Eric Muyser]

Out of curiosity, are Eric M. and myself the only Canadian AM shareholders here? I know we have more lurking in the shadows!

You can add me to the list of lurking Canadian shareholders.  Wednesday is no longer hump day; it's climax day!  

We're in Vancouver.   :-)

Alberta!!! RD And thriving after all that flooding
If I knew their were that many Canadians here would have said Happy Canada day in the thread  

Another Vancouverite who loves Wednesdays.

All those Canadians. Am I the only Dutch shareholder?

Dutch Canadian who loves Wednesdays in Vancouver

(only 50% by blood/heritage)

[Adrian-x]

I'm a little new to the shares world, can I get this explained to me like a 5-year-old? Sorry for the inconvenience but I would like to buy in if it's a good option, but I'm not sure where to start. I love bitcoin and support everything it stands for, but if it doesn't start to become a little more easy to understand and handle, then that will only slow it down for mainstream adoption. Although I'm not a genius, I'm also not an idiot, and the learning curve here for the non-economic and non-techy types like myself is tremendous...

Most people have to invest in stocks and bonds to preserve their wealth.
Saving your money is not possible as the constant inflation in Fiat erodes your savings (purchasing power)

With Bitcoin you can just save your Bitcoin you don't need to invest. (so it is already more simple)

Investing is hit and miss, in Bitcoin 99.99999% of investments are a miss, this one looks to be a perfect storm, the right management, the right economic conditions and the right time.

If you are new to investing in this manner, and you want to learn on the go https://www.havelockinvestments.com/ just play with a small sum you are willing to lose.   

[MadBanker]

Is BTCT.co down for everyone?

[cp1]

yeah

[freedomno1]

Is BTCT.co down for everyone?

Also down
Havelock and bitfunder still operational

Edited its back up
Bonus Edit
AMC revived lol

[tkone]

guys lets keep this on the low, price is blasting up too much lately, lets think about our dividends too!

how can we keep price low for few dividends of reinvestments? or atleast some time?

lets think!