friedcat (OP)
Donator
Legendary
 Offline
Activity: 848
Merit: 1005
|
 |
August 23, 2012, 11:04:39 AM
Last edit: August 23, 2012, 11:31:44 AM by friedcat |
|
Update
IPO: There are still three pending orders. Two of them amount at 1,000 BTC each. All other orders are either cancelled or traded.
If they are not canceled but done, we could collect at a total of >14k of BTC, which would be enough for our expenses, as long as no extreme condition with the BTC price happens. So we still hold the original plan.
Chip: With our recent (from starting of IPO and now) effort, we successfully further reduced the ratio of power consumption to hashrate. It finally makes inexpensive packaging of our chips practical. Before taping out, a detailed spec (size, power, performance, pins, I/O interface, etc) of our chips will be made public.
|
|
|
|
|
|
|
|
|
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
arklan
Legendary
Offline
Activity: 1778
Merit: 1008
|
|
August 23, 2012, 11:13:12 AM |
|
excellent news on all counts.
|
i don't post much, but this space for rent.
|
|
|
|
Gabit
|
|
August 23, 2012, 11:27:12 AM |
|
I suggest that you sell those BTC's asap, when you have reached the goal. So what ever happens to BTC price, we are still good to go. Keeping those funds in BTC is unnecessary risk to the plan. Even if the price rises a bit, the risks out weights gains multiple times. And I have this itchy feeling, that the price is going to plummet (to $5-$6) and day now. And it might take months to regain its value.
|
|
|
|
|
rdponticelli
Sr. Member
Offline
Activity: 325
Merit: 250
Our highest capital is the Confidence we build.
|
|
August 23, 2012, 12:37:32 PM |
|
I suggest that you sell those BTC's asap, when you have reached the goal. So what ever happens to BTC price, we are still good to go. Keeping those funds in BTC is unnecessary risk to the plan. Even if the price rises a bit, the risks out weights gains multiple times. And I have this itchy feeling, that the price is going to plummet (to $5-$6) and day now. And it might take months to regain its value.
Better to buy some put options, so you don't depress the price by selling now, but help it staying higher than the strike. |
|
|
|
|
Jutarul
Donator
Legendary
Offline
Activity: 994
Merit: 1000
|
|
August 23, 2012, 03:21:14 PM |
|
I suggest that you sell those BTC's asap, when you have reached the goal. So what ever happens to BTC price, we are still good to go. Keeping those funds in BTC is unnecessary risk to the plan. Even if the price rises a bit, the risks out weights gains multiple times. And I have this itchy feeling, that the price is going to plummet (to $5-$6) and day now. And it might take months to regain its value.
No reason for rash decisions. Let the IPO finish. After that I'd say sell as you go, i.e. only cash in those BTC which are necessary to cover the bills. Better to buy some put options, so you don't depress the price by selling now, but help it staying higher than the strike.
Who's providing that service? Are they insured? |
|
|
|
rdponticelli
Sr. Member
Offline
Activity: 325
Merit: 250
Our highest capital is the Confidence we build.
|
|
August 23, 2012, 03:40:32 PM |
|
Better to buy some put options, so you don't depress the price by selling now, but help it staying higher than the strike.
Who's providing that service? Are they insured? and bitcoinopx are the ones I know of. I don't know if they're insured or how trustworthy you can find them... I trusted some coins to the former and I'm still researching the latter... |
|
|
|
|
DeaDTerra
Donator
Legendary
Offline
Activity: 1064
Merit: 1000
|
|
August 23, 2012, 03:44:21 PM |
|
Better to buy some put options, so you don't depress the price by selling now, but help it staying higher than the strike.
Who's providing that service? Are they insured? and bitcoinopx are the ones I know of. I don't know if they're insured or how trustworthy you can find them... I trusted some coins to the former and I'm still researching the latter... icbit.se is what I recommend they sell futures  //DeaDTerra |
|
|
|
|
Jutarul
Donator
Legendary
Offline
Activity: 994
Merit: 1000
|
|
August 23, 2012, 04:00:21 PM |
|
Better to buy some put options, so you don't depress the price by selling now, but help it staying higher than the strike.
Who's providing that service? Are they insured? and bitcoinopx are the ones I know of. I don't know if they're insured or how trustworthy you can find them... I trusted some coins to the former and I'm still researching the latter... The information about the provider of the options in Mpex is sparse. To say the least. bitcoinopx.com seems down - which is also not a good sign. icbit.se is what I recommend they sell futures //DeaDTerra Has a more professional look. But - no terms and other red flags.. Heck I don't even know with whom I'm trading online. (Next bitcoinica?) |
|
|
|
rdponticelli
Sr. Member
Offline
Activity: 325
Merit: 250
Our highest capital is the Confidence we build.
|
|
August 23, 2012, 04:15:52 PM |
|
Better to buy some put options, so you don't depress the price by selling now, but help it staying higher than the strike.
Who's providing that service? Are they insured? and bitcoinopx are the ones I know of. I don't know if they're insured or how trustworthy you can find them... I trusted some coins to the former and I'm still researching the latter... The information about the provider of the options in Mpex is sparse. To say the least. bitcoinopx.com seems down - which is also not a good sign. icbit.se is what I recommend they sell futures //DeaDTerra Has a more professional look. But - no terms and other red flags.. Heck I don't even know with whom I'm trading online. (Next bitcoinica?) Yes, I forgot about icbit... Anyway, as in any investment, it's a matter of diversifying to balance the associated risks. Just selling the coins immediately to avoid currency risk depresses the price and leaves you exposed to a rebound, so you get exposed to a currency risk in the opposed direction... If you hedge by buying derivatives (options or futures) you are contributing to stabilize the price but you get exposed to counterparty risk. That's just the way it is, you'll always be exposed to risks when you manage some capital... So, there's no other options than lowering the risks by diversifying. But just selling the coins right now, just in case, as has been proposed is, IMO, the worst option... |
|
|
|
|
|
DutchBrat
|
|
August 23, 2012, 11:25:27 PM |
|
Low of the day in ASICMINER on GLBSE 0.00021  Someone's account got hacked or something ? |
|
|
|
|
nedbert9
Sr. Member
Offline
Activity: 252
Merit: 250
Inactive
|
|
August 23, 2012, 11:54:33 PM |
|
Low of the day in ASICMINER on GLBSE 0.00021 Someone's account got hacked or something ? Yep |
|
|
|
|
|
Bitcoin Oz
|
|
August 23, 2012, 11:57:47 PM |
|
Low of the day in ASICMINER on GLBSE 0.00021 Someone's account got hacked or something ? Yep Is the asset locked down at the moment ? |
|
|
|
nedbert9
Sr. Member
Offline
Activity: 252
Merit: 250
Inactive
|
|
August 24, 2012, 12:08:24 AM |
|
Low of the day in ASICMINER on GLBSE 0.00021 Someone's account got hacked or something ? Yep Is the asset locked down at the moment ? What do you mean exactly? |
|
|
|
|
|
Bitcoin Oz
|
|
August 24, 2012, 12:09:08 AM |
|
Low of the day in ASICMINER on GLBSE 0.00021 Someone's account got hacked or something ? Yep Is the asset locked down at the moment ? What do you mean exactly? I tried to get some at .01 and it wont let me buy them. |
|
|
|
|
DutchBrat
|
|
August 24, 2012, 12:14:09 AM |
|
Maybe someone was playing around with the new margin / short selling features....  |
|
|
|
|
HorseRider
Donator
Legendary
Offline
Activity: 1120
Merit: 1001
|
|
August 24, 2012, 12:25:31 AM |
|
lucky to get some shares around 0.08,
unlucky to have cancelled those asking orders around 0.001
|
16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
|
|
|
nedbert9
Sr. Member
Offline
Activity: 252
Merit: 250
Inactive
|
|
August 24, 2012, 12:34:34 AM |
|
Yeah, hope everyone enjoys the cheap shares.
Guess I'll work out how much I'll have to pay for this.
|
|
|
|
|
friedcat (OP)
Donator
Legendary
Offline
Activity: 848
Merit: 1005
|
|
August 24, 2012, 03:18:20 AM |
|
Update
As the board member HorseRider suggested in the board members' mailing list, a motion is held to ask for selling 8,000 BTC and putting the fiat into the company bank account earlier than the due of pending orders. The Bitfountain does not participate this motion and it's all ASICMINER shareholders' choice. Please vote, thanks.
|
|
|
|
|
LazyOtto
|
|
August 24, 2012, 03:30:57 AM |
|
I don't see an active motion on GLBSE.
|
|
|
|
|
friedcat (OP)
Donator
Legendary
Offline
Activity: 848
Merit: 1005
|
|
August 24, 2012, 03:39:22 AM |
|
I don't see an active motion on GLBSE.
The motion ID is 109. Please check the motion page again. Thanks. |
|
|
|
|
