Mnw
Newbie
 Offline
Activity: 28
Merit: 1
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July 01, 2013, 02:01:48 PM |
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Any news regarding blades status of production and USB erupters auctions (are they sold out?)?
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TsuyokuNaritai
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July 01, 2013, 02:03:03 PM |
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I expect to see a HUGE price spike the next time friedcat posts... I actually have btc sitting and waiting to buy in the second he posts, and then I will sell on the spike!
Why even sell on the spike? It's not trollboxland where every pump is followed by a dump. This is Friedcatland, all spikes so far have just stabilized out until the next spike! |
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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July 01, 2013, 02:17:46 PM |
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All:
My last offer for put options is good at the current price. I will honor it to 4.7 BTC unless I say otherwise.
(I am BUYING put options: you write them!)
Strike: 3.3 BTC
Expiration: 90 days
Premium: 0.3 BTC
BTCT only.
Vycid
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aahzmundus
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July 01, 2013, 02:19:14 PM |
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I expect to see a HUGE price spike the next time friedcat posts... I actually have btc sitting and waiting to buy in the second he posts, and then I will sell on the spike!
Why even sell on the spike? It's not trollboxland where every pump is followed by a dump. This is Friedcatland, all spikes so far have just stabilized out until the next spike! Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow  |
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Birdy
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July 01, 2013, 02:21:30 PM |
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Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow Getting rid of debts is a good decision. |
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empoweoqwj
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July 01, 2013, 02:30:22 PM |
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Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow Getting rid of debts is a good decision. Fully agreed. My only point would be the same as TsuyokuNaritai made. This stock is not a pump-and-dump, its not LTC. It just keeps going up and up. If you have funds to invest in the stock, invest *now*. I bought in on June 14th, that's 17 days ago at 2.5BTC, the price is now nearly 5. I really see no point in waiting around unless you believe we are in bubble land already. |
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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July 01, 2013, 02:34:05 PM |
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Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow Getting rid of debts is a good decision. Fully agreed. My only point would be the same as TsuyokuNaritai made. This stock is not a pump-and-dump, its not LTC. It just keeps going up and up. If you have funds to invest in the stock, invest *now*. I bought in on June 14th, that's 17 days ago at 2.5BTC, the price is now nearly 5. I really see no point in waiting around unless you believe we are in bubble land already. Sounds a lot like bubble-land, if I'm honest. I heard this exact thing about Bitcoin itself back in March. I'm not buying puts just for funsies. I'm buying puts because it's the only way to protect myself from ridiculous valuations of a company with a very clear business model. |
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Mnw
Newbie
Offline
Activity: 28
Merit: 1
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July 01, 2013, 02:53:48 PM |
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binaryFate
Legendary
Offline
Activity: 1512
Merit: 1012
Still wild and free
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July 01, 2013, 03:01:30 PM |
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If they could also rise BTC/USD, I'd be 100% happy... |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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Birdy
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July 01, 2013, 03:03:16 PM |
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If they could also rise BTC/USD, I'd be 100% happy...
Yes, my shares are worth way more Btcs, but the Btc price is dropping :< It's +/-0 for me at the moment. |
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SilentSonicBoom
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July 01, 2013, 03:04:51 PM |
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Awesome news once again! Way to go AsicMiner! |
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ixne
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July 01, 2013, 03:06:08 PM |
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Your source lacks somewhat in professionalism. My two favorite quotes: "According to Tencent, there are two Chinese mining teams capable of processing large amounts of Bitcoin transactions. One team, dubbed friedcat, boasts the largest mined amount of Bitcoin worldwide..." "However, many are less optimistic about the future of the currency, questioning its stainability and constant fluctuations." That's always bugged me: bitcoins are great, but how can I stain them please? Anyway, ASICMINER shares are so esoteric its hard to believe an interest in Bitcoin has led to an increase in ASICMINER price without a corresponding increase in bitcoin price. |
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Rival
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July 01, 2013, 04:07:00 PM |
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Anyway, ASICMINER shares are so esoteric its hard to believe an interest in Bitcoin has led to an increase in ASICMINER price without a corresponding increase in bitcoin price.
I would posit that most of the smaller investors in AM (Those with less than 50 shares) are reinvesting divs right back into more shares, either directly or through fractional share purchases. This would have the effect of funneling btc directly into the hands of those wishing to cash out, which is the primary reason for selling. This lends itself to the following hypothesis: Purchases of AM tend to go to sellers who convert the btc to cash, driving down btc exchange rate and simultaneously increasing AM share prices as reinvestment means less shares available for sale. The results are exactly what we are seeing, and the market for both btc and AM may just be thin enough at this point where the hypothesis is correct as a causation factor of current trends. There would be of course, other factors at play, but i would consider that this one may be the primary one. |
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Eric Muyser
Full Member
Offline
Activity: 224
Merit: 100
You can't kill math.
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July 01, 2013, 04:34:44 PM |
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Anyway, ASICMINER shares are so esoteric its hard to believe an interest in Bitcoin has led to an increase in ASICMINER price without a corresponding increase in bitcoin price.
I would posit that most of the smaller investors in AM (Those with less than 50 shares) are reinvesting divs right back into more shares, either directly or through fractional share purchases. This would have the effect of funneling btc directly into the hands of those wishing to cash out, which is the primary reason for selling. This lends itself to the following hypothesis: Purchases of AM tend to go to sellers who convert the btc to cash, driving down btc exchange rate and simultaneously increasing AM share prices as reinvestment means less shares available for sale. The results are exactly what we are seeing, and the market for both btc and AM may just be thin enough at this point where the hypothesis is correct as a causation factor of current trends. There would be of course, other factors at play, but i would consider that this one may be the primary one. The divs aren't big enough to have that kind of affect. Besides, seems like reaching. It contributes to the value, but it's not a primary one IMO. |
@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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sunnankar
Legendary
Offline
Activity: 1031
Merit: 1000
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July 01, 2013, 04:44:27 PM |
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This lends itself to the following hypothesis:
Purchases of AM tend to go to sellers who convert the btc to cash, driving down btc exchange rate and simultaneously increasing AM share prices as reinvestment means less shares available for sale.
Remember, prices are set at the margin based on marginal supply and demand. With BTC there are, most likely, significant amounts of savings which people, for whatever reason, do not want to move out of Bitcoinlandia. AM, as one of the very few reliable investments, is drawing in capital. Since the price rises from this and because of the weekly dividend, which contributes to the 'savings glut', the result most people just keep sitting on their shares. After all, where else are they going to park their capital? We have already seen one person 'cash-out' their AM to pay off their student loans. But now that their USD cash-flow is freed up and if they generate positive monthly cash-flow then where will they be directing that capital? Probably BTC and AM shares or something similar. This is actually an extremely positive development in Bitcoin's growth as money and currency because it is increasingly being used as a numeraire in the performance of economic calculation by market participants, largely due to the advancements in mining. The speed at which this is happening is really astounding. |
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aahzmundus
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July 01, 2013, 04:46:15 PM |
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Anyway, ASICMINER shares are so esoteric its hard to believe an interest in Bitcoin has led to an increase in ASICMINER price without a corresponding increase in bitcoin price.
I would posit that most of the smaller investors in AM (Those with less than 50 shares) are reinvesting divs right back into more shares, either directly or through fractional share purchases. This would have the effect of funneling btc directly into the hands of those wishing to cash out, which is the primary reason for selling. This lends itself to the following hypothesis: Purchases of AM tend to go to sellers who convert the btc to cash, driving down btc exchange rate and simultaneously increasing AM share prices as reinvestment means less shares available for sale. The results are exactly what we are seeing, and the market for both btc and AM may just be thin enough at this point where the hypothesis is correct as a causation factor of current trends. There would be of course, other factors at play, but i would consider that this one may be the primary one. You may be on to something here... this is exactly what I am doing. I NEVER used to cash out my btc, but with divs being so large I have cashed out >40btc in the last... month or so. Unlike someone who invested in mining hardware and has a long time before they break even, I broke even... well before I started with my AM investment. So I had no qualms about taking in some of my gains to pay off bills, where as people who USED to be getting this btc probably saved it up. |
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muyuu
Donator
Legendary
Offline
Activity: 980
Merit: 1000
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July 01, 2013, 04:50:42 PM |
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This is a bit crazy but I'm loving it.  I look away for a bit and it has bumped again. Woha. Friedcat for president! |
GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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empoweoqwj
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July 01, 2013, 04:55:28 PM |
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Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow Getting rid of debts is a good decision. Fully agreed. My only point would be the same as TsuyokuNaritai made. This stock is not a pump-and-dump, its not LTC. It just keeps going up and up. If you have funds to invest in the stock, invest *now*. I bought in on June 14th, that's 17 days ago at 2.5BTC, the price is now nearly 5. I really see no point in waiting around unless you believe we are in bubble land already. Sounds a lot like bubble-land, if I'm honest. I heard this exact thing about Bitcoin itself back in March. I'm not buying puts just for funsies. I'm buying puts because it's the only way to protect myself from ridiculous valuations of a company with a very clear business model. There's one big difference. Bitcoin price is almost entirely sentiment driven, AM share prices, within the BTC sphere, are driven to some extent at least by numbers / fundamentals. I agree the share is on the verge of bubble-land. That's why people are starting to sell out below 5. But I think if AM performs well over the next 2-3 months, the bubble will inflate to around 8-10 before bursting back to 5 or below. If I had bought in very early and had lots of shares, I would be looking to sell some now. Some early adopters could get 10x their initial investment back without hardly denting their current share level. Its all good  |
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