romerun
Legendary
 Offline
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
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July 04, 2013, 04:01:26 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 04, 2013, 04:04:50 AM |
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Yep, the BTC slide feels nasty but hopefully its "cheaper hamburger" time.
I hope the prices drop more, I'm not done buying hamburgers yet! Its a double-edged sword buying cheap hamburgers, sorry if that is too much of a mixed metaphor, its early here. Don't worry their Ecoli free the cat fried them first  |
Believing in Bitcoins and it's ability to change the world
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blackreplica
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July 04, 2013, 04:11:14 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
This is the most likely answer IMO |
www.sgBitcoin.net - The Premier News, Discussion & Marketplace Destination for the Singaporean Bitcoin Community
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 04, 2013, 04:15:31 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
This is the most likely answer IMO I agree but at the same time this presents an opportunity to build up more bitcoins The company itself hasn't changed The question is if you are believer in the idea that bitcoins will have a value in the long run or if you want to cash out now and leave the market to decide like 2011 http://www.guardian.co.uk/commentisfree/2013/jul/03/bitcoin-sells-out-winklevoss-twins |
Believing in Bitcoins and it's ability to change the world
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Franktank
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July 04, 2013, 04:16:13 AM |
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Yep, the BTC slide feels nasty but hopefully its "cheaper hamburger" time.
I hope the prices drop more, I'm not done buying hamburgers yet! friedcat can haz cheeseburger? |
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deadgiveaway
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July 04, 2013, 04:16:46 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. |
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SOSLOVE868
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July 04, 2013, 04:20:39 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. They believe the capital growth + dividend growth of AM , is far below than the speed of Price decrease of BTC itself... They believe selling their shares right now ,equal to more coins later and since AM share price is correlated with BTC/USD ,thus AM shares also will decrease in the future...Thus they can get more shares and more BTC in the foreseeable future... |
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ThickAsThieves
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July 04, 2013, 04:28:45 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. C'mon now... |
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deadgiveaway
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July 04, 2013, 04:47:56 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. C'mon now... Was there something illogical about what I said? |
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Pierre
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July 04, 2013, 04:58:40 AM |
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Was there something illogical about what I said?
Yup In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%.
How do you figure that? If BTC drops to $10 then AM will make no profit at all - everything will go into electricity and operating costs. |
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empoweoqwj
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July 04, 2013, 05:01:58 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. I don't agree with that statement. AM's assets are *primarily* in the field of producing bitcoins, its a bitcoin business. Sure they could sell off this power supply or that floor space, but in the end, I'm sure 90% of their assets, physical or intellectual are directly tied to bitcoins. Of course smart people will take advantage of the current sell-off and end up with a lot more bitcoins. But whether they choose to use those bitcoins to force the price up of AM to 10+ or something ridiculous, time will tell. I don't think they will. |
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Eric Muyser
Full Member
Offline
Activity: 224
Merit: 100
You can't kill math.
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July 04, 2013, 05:13:19 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. Are you on the crack? Sorry if that's offensive but I don't know any more elegant way to express my confusion. I'm sure you're not on crack but I'm confused by this logic because it's illogical. |
@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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empoweoqwj
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July 04, 2013, 05:17:48 AM |
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they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%. Are you on the crack? Sorry if that's offensive but I don't know any more elegant way to express my confusion. I'm sure you're not on crack but I'm confused by this logic because it's illogical.I think most people have agreed his statement isn't logical. Again, some people here are still thinking AM shares are some kind of magical hedge against the drop in value of BTC. If they want to keep thinking that, that's fine. Whether he's on crack or not, its hard to judge from his words alone. I can't tell if he is jittery or not  |
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deadgiveaway
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July 04, 2013, 05:28:00 AM |
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all of you are fucking idiots.
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jc328
Member
Offline
Activity: 92
Merit: 10
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July 04, 2013, 05:29:57 AM |
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all of you are fucking idiots.
Nice Retort...  |
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superduh
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July 04, 2013, 05:35:23 AM |
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well it could "rise" by the % drop vs USD.. but his ratio is 50x. i think that was a mistake
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ok
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Eric Muyser
Full Member
Offline
Activity: 224
Merit: 100
You can't kill math.
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July 04, 2013, 05:40:26 AM |
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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
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SRoulette
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July 04, 2013, 05:50:17 AM |
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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  |
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velacreations
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July 04, 2013, 05:51:26 AM |
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why is AM just hit 3.95?
Who in the world sold for that?
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novusordo
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July 04, 2013, 06:16:03 AM |
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Liquidity is also crap if you want to trade any more than 10 or so shares on the passthroughs.
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