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deadgiveaway
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July 04, 2013, 04:16:46 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. |
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SOSLOVE868
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July 04, 2013, 04:20:39 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. They believe the capital growth + dividend growth of AM , is far below than the speed of Price decrease of BTC itself... They believe selling their shares right now ,equal to more coins later and since AM share price is correlated with BTC/USD ,thus AM shares also will decrease in the future...Thus they can get more shares and more BTC in the foreseeable future... |
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ThickAsThieves
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July 04, 2013, 04:28:45 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. C'mon now... |
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deadgiveaway
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July 04, 2013, 04:47:56 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. C'mon now... Was there something illogical about what I said? |
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Pierre
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July 04, 2013, 04:58:40 AM |
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Was there something illogical about what I said?
Yup In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%.
How do you figure that? If BTC drops to $10 then AM will make no profit at all - everything will go into electricity and operating costs. |
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empoweoqwj
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July 04, 2013, 05:01:58 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. I don't agree with that statement. AM's assets are *primarily* in the field of producing bitcoins, its a bitcoin business. Sure they could sell off this power supply or that floor space, but in the end, I'm sure 90% of their assets, physical or intellectual are directly tied to bitcoins. Of course smart people will take advantage of the current sell-off and end up with a lot more bitcoins. But whether they choose to use those bitcoins to force the price up of AM to 10+ or something ridiculous, time will tell. I don't think they will. |
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Eric Muyser
Full Member
 Offline
Activity: 224
Merit: 100
You can't kill math.
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July 04, 2013, 05:13:19 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. Are you on the crack? Sorry if that's offensive but I don't know any more elegant way to express my confusion. I'm sure you're not on crack but I'm confused by this logic because it's illogical. |
@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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empoweoqwj
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July 04, 2013, 05:17:48 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. Are you on the crack? Sorry if that's offensive but I don't know any more elegant way to express my confusion. I'm sure you're not on crack but I'm confused by this logic because it's illogical.I think most people have agreed his statement isn't logical. Again, some people here are still thinking AM shares are some kind of magical hedge against the drop in value of BTC. If they want to keep thinking that, that's fine. Whether he's on crack or not, its hard to judge from his words alone. I can't tell if he is jittery or not  |
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deadgiveaway
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July 04, 2013, 05:28:00 AM |
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all of you are fucking idiots.
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jc328
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Merit: 10
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July 04, 2013, 05:29:57 AM |
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all of you are fucking idiots.
Nice Retort...  |
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superduh
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July 04, 2013, 05:35:23 AM |
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well it could "rise" by the % drop vs USD.. but his ratio is 50x. i think that was a mistake
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ok
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Eric Muyser
Full Member
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Activity: 224
Merit: 100
You can't kill math.
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July 04, 2013, 05:40:26 AM |
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well it could "rise" by the % drop vs USD.. but his ratio is 50x. i think that was a mistake
Oh my... I simply cannot comprehend the amount of fail on this page.
You don't understand percentages, superduh?
You think AM is some magical hedge where everyone will take very little return and we will just magically keep it hedged, deadgiveaway?
Off to la la land... |
@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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SRoulette
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July 04, 2013, 05:50:17 AM |
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Happy with our dividends and not surprised at all the share price is settling. Id buy back in at 2.5 so I expect the price to stay at 3 to 3.5 because the universe is against me  |
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velacreations
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July 04, 2013, 05:51:26 AM |
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why is AM just hit 3.95?
Who in the world sold for that?
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novusordo
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July 04, 2013, 06:16:03 AM |
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Liquidity is also crap if you want to trade any more than 10 or so shares on the passthroughs.
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conv3rsion
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July 04, 2013, 06:49:03 AM |
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At 3.61 BTC per share and a weekly mining dividend of 0.015, AM is 22% APR with absolutely NO HARDWARE SALES included.
LOL shit just got stupid cheap.
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ninjarobot
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July 04, 2013, 06:57:41 AM |
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In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%.
That would be a share price of ~25 BTC. Given that there are 400K outstanding shares that would be 10M BTC. Or nearly every BTC ever mined until today. Not going to happen  |
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EskimoBob
Legendary
Offline
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
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July 04, 2013, 07:02:09 AM |
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why is AM just hit 3.95?
Who in the world sold for that?
Some people thought people would sell off cuz of the BTC price drop. So they sold off and thus caused a panic when others saw the fall in price. It is just good old fashion price manipulation. The fundamentals did not change. What fundamentals? AM has published exactly ZERO reports. Nobody knows wtf is really going on. Why are they keeping AM numbers secret? Those mh/s based estimates of AM's financial state are, mildly put, brain farts. Until friedcat has not published complete financial reports, we have no idea what AM is worth. It can be 0.01 BTC or 5. |
While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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AMuppInTime
Donator
Sr. Member
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Activity: 290
Merit: 250
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July 04, 2013, 07:04:37 AM |
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At 3.61 BTC per share and a weekly mining dividend of 0.015, AM is 22% APR with absolutely NO HARDWARE SALES included.
LOL shit just got stupid cheap.
I wish I had more float to buy between 3.3 and 3.9: hamburger time right now. |
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freedomno1
Legendary
Offline
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
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July 04, 2013, 07:13:00 AM
Last edit: July 04, 2013, 07:34:50 AM by freedomno1 |
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Well I'm broke buying too many cheap shares ^^ Wish I had more so I could keep noming Now I need to look forward to when the real units come out Fundamentals are no different price did drop like a tank but I'm long bit |
Believing in Bitcoins and it's ability to change the world
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