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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914701 times)
superduh
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July 04, 2013, 05:35:23 AM
 #9301

well it could "rise" by the % drop vs USD.. but his ratio is 50x. i think that was a mistake

ok
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Eric Muyser
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July 04, 2013, 05:40:26 AM
 #9302

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
SRoulette
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July 04, 2013, 05:50:17 AM
 #9303

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 Tongue

velacreations
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July 04, 2013, 05:51:26 AM
 #9304

why is AM just hit 3.95?

Who in the world sold for that?

novusordo
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July 04, 2013, 06:16:03 AM
 #9305

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
 #9306

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.
ninjarobot
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July 04, 2013, 06:57:41 AM
 #9307

Quote from: deadgiveaway
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 Smiley
EskimoBob
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July 04, 2013, 07:02:09 AM
 #9308

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....
AMuppInTime
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July 04, 2013, 07:04:37 AM
 #9309

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.
freedomno1
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July 04, 2013, 07:13:00 AM
Last edit: July 04, 2013, 07:34:50 AM by freedomno1
 #9310

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 Smiley
Fundamentals are no different price did drop like a tank but I'm long bit
r3wt
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July 04, 2013, 07:28:49 AM
 #9311

ASIC miners killed bitcoin profitability. who knew.

My negative trust rating is reflective of a personal vendetta by someone on default trust.
superduh
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July 04, 2013, 07:34:39 AM
 #9312

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

ok
Eric Muyser
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July 04, 2013, 07:56:04 AM
 #9313

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.

@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
TsuyokuNaritai
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July 04, 2013, 08:19:57 AM
 #9314

The Wonderful World of Wildcat Wednesdays!



Is it gonna be like this every week now?

foxykah
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July 04, 2013, 08:24:59 AM
 #9315

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

Good things come to those who wait.
foxykah
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July 04, 2013, 08:27:11 AM
 #9316

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

Good things come to those who wait.
superduh
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July 04, 2013, 08:29:40 AM
 #9317

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)

ok
JordanL
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July 04, 2013, 08:41:02 AM
 #9318

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?   Tongue

Come back to this post in two months and see how this investment is doing for you.  Wink
AMuppInTime
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July 04, 2013, 08:46:43 AM
 #9319

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
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July 04, 2013, 08:49:38 AM
Last edit: July 04, 2013, 09:41:45 AM by freedomno1
 #9320

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 Cheesy

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
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