ASICMINER: Entering the Future of ASIC Mining by Inventing It

[r3wt]

ASIC miners killed bitcoin profitability. who knew.

[superduh]

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...

dont be afraid of people smarter than you
no i dont think AM is a perfect hedge. nothing is.
you make a bunch of assumptions that may be true today but not in a couple months. in the future AM will likely pay it's vendors in bitcoins directly.
think outside your box. it's an imperfect market but, yes AM hedges against the fall in the USD prices

[Eric Muyser]

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...

dont be afraid of people smarter than you
no i dont think AM is a perfect hedge. nothing is.
you make a bunch of assumptions that may be true today but not in a couple months. in the future AM will likely pay it's vendors in bitcoins directly.
think outside your box. it's an imperfect market but, yes AM hedges against the fall in the USD prices

500% is 5x and it was not a mistake. Oh so very smart you are.

[TsuyokuNaritai]

The Wonderful World of Wildcat Wednesdays!



Is it gonna be like this every week now?

[foxykah]

So I lost 35% on BTC/USD price drop, and 6% on AM price drop. Fine.

[foxykah]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

[superduh]

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...

dont be afraid of people smarter than you
no i dont think AM is a perfect hedge. nothing is.
you make a bunch of assumptions that may be true today but not in a couple months. in the future AM will likely pay it's vendors in bitcoins directly.
think outside your box. it's an imperfect market but, yes AM hedges against the fall in the USD prices

500% is 5x and it was not a mistake. Oh so very smart you are.

my bad..... i misread. i thought he said drops by 10-15%, after re-reading it i realized he said 10-15% of it's current value. so yes, you are right it is 5x and it's still a wrong assumption (which we both agree on)

[JordanL]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Can I have your shares?   

Come back to this post in two months and see how this investment is doing for you. 

[AMuppInTime]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Don't. We all have lost some skin, but it's meaningless in the end and we know it.

Second, let time do its thing and stop letting emotions affect your investments:  don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself.

Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU.

Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that.

[freedomno1]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Don't. We all have lost some skin, but it's meaningless in the end and we know it.

Second, let time do its thing and stop letting emotions affect your investments:  don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself.

Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU.

Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that.

Fourth If its at 4.7 on BTCT come help me finish the darn 0.043 walls at havelock ha-ha arbitrage

Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running
That's emotional investing logical would need good reasons such as fundamental changes to follow the crowd

[AMuppInTime]

Fourth If its at 4.7 on BTCT come help me finish the darn 0.43 walls at havelock ha-ha arbitrage

Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running
That's emotional investing logical would need good reasons such as fundamental changes

I only trust BTC-TC for trading purpose. Havelock appears foreign to me. Plus woah trading on multiple platforms appear to be a whole new ball-game, arbitrage plays have too many points of failure for me right now.

[freedomno1]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Don't. We all have lost some skin, but it's meaningless in the end and we know it.

Second, let time do its thing and stop letting emotions affect your investments:  don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself.

Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU.

Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that.

Fourth If its at 4.7 on BTCT come help me finish the darn 0.43 walls at havelock ha-ha arbitrage

Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running
That's emotional investing logical would need good reasons such as fundamental changes

I only trust BTC-TC for trading purpose. Havelock appears foreign to me right now.

Lightbox has delivered for me I have used Canbit before and never had an issue
With havelock no issues as well less that DDOS today ha-ha but he just doesn't advertise much
I can see why btc-tc is preferred though it has more stocks too
And evil people putting overvalued options he-he

Edit In: Exchange arbitrage can be sexy though since its all the same ASICminer

[empoweoqwj]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Could have been much worse. You could have bought in at $266 ....

Bitcoin is notorious for bubbles and bursts because its almost entirely sentiment driven. People think its too high and it crashes and crashes, until all the "nervous types" i.e. non-professionals have sold out. Then the pros buy back in cheap, the price starts going up again, and the public joins in again.

The next bubble could we well over $266.

So $118 is really not that bad. There's a lot more upside from $118 than downside.

And if going from $118 to $70 was more than you could afford to lose then you disobeyed the first rule of investing.

Hang in there, it will turn around soon.

[freedomno1]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Could have been much worse. You could have bought in at $266 ....

Bitcoin is notorious for bubbles and bursts because its almost entirely sentiment driven. People think its too high and it crashes and crashes, until all the "nervous types" i.e. non-professionals have sold out. Then the pros buy back in cheap, the price starts going up again, and the public joins in again.

The next bubble could we well over $266.

So $118 is really not that bad. There's a lot more upside from $118 than downside.

And if going from $118 to $70 was more than you could afford to lose then you disobeyed the first rule of investing.

Hang in there, it will turn around soon.

Well to be honest if we look at the previous history it probably will go lower but history does not always repeat itself
That's fine too there are a lot more developments occurring than the last time it went down
Winklevoss twins retailer networks more sites accepting bitcoin the San Jose Convention increasing number of meetups
http://bitcoincharts.com/charts/mtgoxUSD#rg1460ztgSzm1g10zm2g25zv

So we may be among the few to say we were here in 2013 when 2015 pops by lol

[bobboooiie]

So many weak hands, so much free money laying around and I have to be sleeping during all of that 

[Luckybit]

ASIC miners killed bitcoin profitability. who knew.

Stop complaining and go mine PPC.

[zhangxiongfei]

The reason why ASICM went down is because people are dumb, to put it plainly. I actually sold mid 4's two days ago because I knew peoples perceptions were wrong if they were thinking there was going to be a huge dividend today. Either way, we are still up a lot and now time to load up more shares. I can see ASICM falling more from here just because bearish sentiment scares weak investors. So be it, and let Bitcoin fall too so I can convert more worthless US dollars into Bitcoins and buy even more shares than I could before. Works out great for me. The weak investors can go run to the US stock exchange and have fun with that.. good luck you'll need it.

I totally agree with you

[TsuyokuNaritai]

So many weak hands, so much free money laying around and I have to be sleeping during all of that 

Yeah, it's annoying.

I'll have to start leaving low bids ready when there might be a noob trap coming. From the altcoin markets I've learned to fear that in case some real disaster happens and I catch the falling knife in my sleep, but that's a lot less likely to happen with ASICMiner.

[freedomno1]

So many weak hands, so much free money laying around and I have to be sleeping during all of that 

Yeah, it's annoying.

I'll have to start leaving low bids ready when there might be a noob trap coming. From the altcoin markets I've learned to fear that in case some real disaster happens and I catch the falling knife in my sleep, but that's a lot less likely to happen with ASICMiner.

He-he if this pattern keeps occuring we might have to borrow BFL's 2 week motto for noob crashes 

[stripykitteh]

For me as a buy, hold and reinvest dinosaur I haven't seen anything in AM's recent performance to convince me my strategy is incorrect. Dividends were about where we thought they'd be, given there were no blades for sale last week. The share price going up made me feel a little giddy, sure, but it was inevitable it would go down at some point.

Put yourself in friedcat's shoes. When the share price soared over 5BTC, do you think he was thinking about selling a few thousand? Or do you think he was thinking about cool new ways for AM to kick arse?

My vision for AM in the long-term is as the leading player in mining hardware. As long as they appear to be fulfilling their destiny I will maintain my strategy.