ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Luckybit]

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

To increase popularity of Bitcoin and Asicminer, you should speak to the media. Would you be willing to bring exposure to Asicminer by detailing in an interview how you paid for your student loans with this fantastic Bitcoin exclusive investment opportunity?

If you don't want to do an interview at least consider writing a book and selling it. It will increase your cashflow and benefit your share value. You're like the Warren Buffet of Virtual Stocks.

[blackreplica]

"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 absolutely agree with this. Thankfully we have numbers to value AM properly and hopefully this will be a saving grace, preventing a massive bubble in AM shares.

I definitely agree we are just beginning to enter bubble territory (though still not there yet). However, given the ability to price AM, I'm hoping we do not actually get into the 8-10 btc/share range. If we got there the bubble pop would be very painful for the people entering the market at or after right about now

[Jutarul]

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

[aahzmundus]

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

[Luckybit]

About monopoly concerns at least they are right.
Many would feel uncomfortable with AM being "KING", just retaining leadership would be enough. Strong competition is necessary, so I hope competitors deliver mass-production of second-generation chips late this year (by second-generation I mean 65nm and less, excluding BFL).
I would even prefer AM losing leadership, over their total domination of Bitcoin ASIC market. Monopoly would make Bitcoin itself endangered.

By saying he is king, I just meant he will retain leadership and we can be confident in that as we see this unfold in the next ~6 months. Confident enough to value a share at 10+ BTC.

However, even if there is a monopoly (as in, AM is the miner at 50% network share and everyone else is an AM consumer), it won't stop the majority from riding that boat, heh.

How would Asicminer monopoly endanger Bitcoin network when they sell Miners and they distribute the rewards to shareholders? They don't have 50% of the network and probably never will but they should maximize profit for shareholders while selling the most decentralized mining equipment designs possible.

[empoweoqwj]

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

To increase popularity of Bitcoin and Asicminer, you should speak to the media. Would you be willing to bring exposure to Asicminer by detailing in an interview how you paid for your student loans with this fantastic Bitcoin exclusive investment opportunity?

If you don't want to do an interview at least consider writing a book and selling it. It will increase your cashflow and benefit your share value. You're like the Warren Buffet of Virtual Stocks.

Ummm ... generally people don't write financial books for the money, they do it because they love exposure, want to feed their ego or want to leave something behind when they go. I don't think Warren Buffet exactly needed the cash from a book deal  

[Luckybit]

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

Ha, he's really gonna slow the growth down with this. We were gonna see 5 for certain.
Time to make some phone calls and get people to buy them all up ASAP.

[empoweoqwj]

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

I think its cool. We can all buy them and resell them to bubble-boys

[Luckybit]

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

I think its cool. We can all buy them and resell them to bubble-boys

The bubble-boys will be coming. We just gotta call them up and tell them what an awesome opportunity they are missing. When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.


By the way, 1000 shares @ 4.5? That guy is a millionaire.

[aahzmundus]

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

To increase popularity of Bitcoin and Asicminer, you should speak to the media. Would you be willing to bring exposure to Asicminer by detailing in an interview how you paid for your student loans with this fantastic Bitcoin exclusive investment opportunity?

If you don't want to do an interview at least consider writing a book and selling it. It will increase your cashflow and benefit your share value. You're like the Warren Buffet of Virtual Stocks.

Uhhh, I would and I wouldn't.  I haven't paid off my student loans yet, I'm trying to not pull out TOO much to avoid going up several tax brackets (I plan to may my taxes on this income).

Last time there was a wall, it lasted for... how long?

I figure now is a good time to cash out some.  That mid sized wall on TAT is me at 4.5.  (unless it already got eaten).

[nubbins]

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

[Luckybit]

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

Why would you consider it a bad decisions with the ridiculous dividends coming in the future?

[Eric Muyser]

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

Yah don't give a reason, facts or logic or anything.

[blackreplica]

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

It may seem that way...but I seriously believe this guy just did us a massive favour by stabilising the price

[SOSLOVE868]

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

Why would you consider it a bad decisions with the ridiculous dividends coming in the future?

only if some one will buy over your AM shares at this price level in the future, otherwise anything less than 4.5(future selling price+received dividends)=loss

[SOSLOVE868]

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

It may seem that way...but I seriously believe this guy just did us a massive favour by stabilising the price

He may also possibly contributing to another BTC/USD price droop in the future....

[nubbins]

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

Why would you consider it a bad decisions with the ridiculous dividends coming in the future?

Because daily fluctuations in share prices are already orders of magnitude larger than any dividend payment to date. A BTC0.04 dividend equals a net loss if the shares you bought at BTC4.5 are now selling for BTC4.45.

[blackreplica]

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

It may seem that way...but I seriously believe this guy just did us a massive favour by stabilising the price

He may also possibly contributing to another BTC/USD price droop in the future....

thats a good point. If he dumps 4500BTC right now the price goes just above 90. Might be just enough to trigger a panic selloff

[Eric Muyser]

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

It may seem that way...but I seriously believe this guy just did us a massive favour by stabilising the price

He should have made the minimum shares higher than 20 though >.<

[Eric Muyser]

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

Why would you consider it a bad decisions with the ridiculous dividends coming in the future?

Because daily fluctuations in share prices are already orders of magnitude larger than any dividend payment to date. A BTC0.04 dividend equals a net loss if the shares you bought at BTC4.5 are now selling for BTC4.45.

lol, you need to see a net profit in one week? Gimme a break nobody expects that, when it comes to stable dividends they understand if the average yearly earning is 25% on their purchase price, then they can see the stock price drop 24% and still make a 1% profit.