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CMMPro
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May 18, 2013, 10:57:55 PM |
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^There seems to be a lot of people figuring out that these are valuable shares.
My take is this....
The purchase price is in bitcoins, and you get paid dividends in bitcoins, and the price of bitcoins is generally going up up up.
Basically, I parked some of my bitcoins there by buying shares....those shares are going up in price, and the price of bitcoins is rising as well.
So really you are getting paid multiple benefits for bitcoins that would be sitting in a storage wallet anyway...the only thing you are doing is assuming some small amount of risk.
When you look at who is running the exchanges (burnside etc.) and how they have set things up, and you read about him that small amount of risk seems very acceptable to me.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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louong
Member
 Offline
Activity: 87
Merit: 10
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May 18, 2013, 11:02:48 PM |
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^There seems to be a lot of people figuring out that these are valuable shares.
My take is this....
The purchase price is in bitcoins, and you get paid dividends in bitcoins, and the price of bitcoins is generally going up up up.
Basically, I parked some of my bitcoins there by buying shares....those shares are going up in price, and the price of bitcoins is rising as well.
So really you are getting paid multiple benefits for bitcoins that would be sitting in a storage wallet anyway...the only thing you are doing is assuming some small amount of risk.
When you look at who is running the exchanges (burnside etc.) and how they have set things up, and you read about him that small amount of risk seems very acceptable to me. This. Plus it's also a slight hedge against a falling BTC/USD price because even if the price dips, so long as ASICMINER's value stays constant or goes up, you are still earning "interest" (aka dividends) and gaining more BTC vs. just holding BTC and getting nothing for it. |
Bitcoin Tips Accepted: 17r5ebmU2JDqEuEfWkWzJ9TkShS1MqTJYH
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tinus42
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May 18, 2013, 11:26:03 PM |
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I bought over 60 1/100th ASICMINER Passthru shares @ Havelock today. Hope it will pan out as expected.  |
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shibaji
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May 19, 2013, 12:43:37 AM |
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Did the price of the share drop on BTCT because of the attacks, or did it drop everywhere ?  Don't watch minute by minute - just kick back and relax - come back after few months. |
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Aureum_Coffee
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May 19, 2013, 12:46:05 AM |
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Did the price of the share drop on BTCT because of the attacks, or did it drop everywhere ? May have something to do with this auction: https://bitcointalk.org/index.php?topic=208348.0400 shares of ASICminer. With the highest bid at 1.8 BTC/share. Lowest bid at 1.73 BTC/share. |
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fently
Member
Offline
Activity: 66
Merit: 10
Bleh!
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May 19, 2013, 12:46:59 AM |
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Did the price of the share drop on BTCT because of the attacks, or did it drop everywhere ? Some possibilities: 1) some buyers just realized that they can buy bulk shares cheaper than on the exchanges (maybe, but those who would likely use OTC already know about it) 2) some buyers became hesitant because they realized the stock is very difficult to value (hopefully a bit of this -- I have invested in the stock so I hope people keep buying, but I don't want fellow shareholders to be panic selling later when they have second thoughts) 3) the BTC price just had some action in the past few hours, so buyers are making a run to exchange for USD, or are keeping their assets in BTC in case the exchange rate goes higher (If I were to bet, I would say this is the primary cause) |
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Bitcycle
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May 19, 2013, 12:58:22 AM |
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Another possibility is people selling passthrough shares to fund their auction purchase. The difference is still enough to make it worth doing.
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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May 19, 2013, 01:08:46 AM |
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Another possibility is people selling passthrough shares to fund their auction purchase. The difference is still enough to make it worth doing.
Makes sense move equity to bid on it that said this seems like a fair presentation of the current history to date how you decide is your call http://www.youtube.com/watch?v=76EcAinKPDo&feature=youtu.be |
Believing in Bitcoins and it's ability to change the world
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lophie
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May 19, 2013, 01:43:43 AM |
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Another possibility is people selling passthrough shares to fund their auction purchase. The difference is still enough to make it worth doing.
Makes sense move equity to bid on it that said this seems like a fair presentation of the current history to date how you decide is your call http://www.youtube.com/watch?v=76EcAinKPDo&feature=youtu.beoh man if rastapool cancelled the auction they would be soooo burned... |
Will take me a while to climb up again, But where is a will, there is a way...
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Franktank
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May 19, 2013, 01:45:22 AM |
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oh man if rastapool cancelled the auction they would be soooo burned...
It would not look good for rastapool and from words that I've exchanged with him, he does not seem like that kind of person. |
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velacreations
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May 19, 2013, 02:02:36 AM |
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oh man if rastapool cancelled the auction they would be soooo burned...
more likely that the price jumps above the PTs... |
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JordanL
Donator
Sr. Member
Offline
Activity: 294
Merit: 250
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May 19, 2013, 02:05:22 AM |
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oh man if rastapool cancelled the auction they would be soooo burned...
more likely that the price jumps above the PTs... I'd guess that you're right. Bidding in the last hour of that auction will likely push the price to BTC2+. |
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Transisto
Donator
Legendary
Offline
Activity: 1731
Merit: 1008
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May 19, 2013, 02:08:06 AM |
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This thread has slowly turned into a speculator troll box.
I hope Friedcat does something about it, like having an AM website / forum !!!
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Franktank
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May 19, 2013, 02:11:53 AM |
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oh man if rastapool cancelled the auction they would be soooo burned...
more likely that the price jumps above the PTs... As they should, these are direct shares with friedcat himself. You even get confirmation satoshis! That itself bears a premium (more than the satoshi itself). |
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conv3rsion
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May 19, 2013, 02:16:02 AM |
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oh man if rastapool cancelled the auction they would be soooo burned...
more likely that the price jumps above the PTs... As they should, these are direct shares with friedcat himself. You even get confirmation satoshis! That itself bears a premium (more than the satoshi itself). Really? Because you can move out of the PTs to direct for free, and have better access to liquidity when in a PT. So I'm not sure why direct shares would go at a premium. |
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Franktank
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May 19, 2013, 02:24:14 AM |
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Really? Because you can move out of the PTs to direct for free, and have better access to liquidity when in a PT. So I'm not sure why direct shares would go at a premium.
Both Burnside and DeaDTerra are trustworthy here, they have proven that here. But it's just another layer of potential liability. For me, the minor price bump is worth having direct shares thru friedcat. Again, both are professionals and handle their assets just fine. |
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VJain
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May 19, 2013, 03:51:42 AM |
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Had this bookmarked since December |
Making Apps and Websites for people. I charge reasonable rates ($30-40/hour in BTC).
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Franktank
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May 19, 2013, 04:05:17 AM |
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Is there a way to notifications when a user posts? Want to be able to get those notifications sent in email, then into SMS. |
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Transisto
Donator
Legendary
Offline
Activity: 1731
Merit: 1008
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May 19, 2013, 04:07:52 AM |
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Had this bookmarked since December How is this a forum ? Separating the "Oh brought 1 share at X" and ",,, think price will go to Y" from actual discussion, I don't think I'm asking much. And yes, me too receive alarms every-time Friedcat farts. |
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