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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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conv3rsion
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July 04, 2013, 06:49:03 AM |
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At 3.61 BTC per share and a weekly mining dividend of 0.015, AM is 22% APR with absolutely NO HARDWARE SALES included.
LOL shit just got stupid cheap.
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ninjarobot
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July 04, 2013, 06:57:41 AM |
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In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%.
That would be a share price of ~25 BTC. Given that there are 400K outstanding shares that would be 10M BTC. Or nearly every BTC ever mined until today. Not going to happen  |
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EskimoBob
Legendary
 Offline
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
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July 04, 2013, 07:02:09 AM |
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why is AM just hit 3.95?
Who in the world sold for that?
Some people thought people would sell off cuz of the BTC price drop. So they sold off and thus caused a panic when others saw the fall in price. It is just good old fashion price manipulation. The fundamentals did not change. What fundamentals? AM has published exactly ZERO reports. Nobody knows wtf is really going on. Why are they keeping AM numbers secret? Those mh/s based estimates of AM's financial state are, mildly put, brain farts. Until friedcat has not published complete financial reports, we have no idea what AM is worth. It can be 0.01 BTC or 5. |
While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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AMuppInTime
Donator
Sr. Member
Offline
Activity: 290
Merit: 250
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July 04, 2013, 07:04:37 AM |
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At 3.61 BTC per share and a weekly mining dividend of 0.015, AM is 22% APR with absolutely NO HARDWARE SALES included.
LOL shit just got stupid cheap.
I wish I had more float to buy between 3.3 and 3.9: hamburger time right now. |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 04, 2013, 07:13:00 AM
Last edit: July 04, 2013, 07:34:50 AM by freedomno1 |
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Well I'm broke buying too many cheap shares ^^ Wish I had more so I could keep noming Now I need to look forward to when the real units come out Fundamentals are no different price did drop like a tank but I'm long bit |
Believing in Bitcoins and it's ability to change the world
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r3wt
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July 04, 2013, 07:28:49 AM |
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ASIC miners killed bitcoin profitability. who knew.
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My negative trust rating is reflective of a personal vendetta by someone on default trust.
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superduh
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July 04, 2013, 07:34:39 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...dont be afraid of people smarter than you no i dont think AM is a perfect hedge. nothing is. you make a bunch of assumptions that may be true today but not in a couple months. in the future AM will likely pay it's vendors in bitcoins directly. think outside your box. it's an imperfect market but, yes AM hedges against the fall in the USD prices |
ok
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Eric Muyser
Full Member
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Activity: 224
Merit: 100
You can't kill math.
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July 04, 2013, 07:56:04 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...dont be afraid of people smarter than you no i dont think AM is a perfect hedge. nothing is. you make a bunch of assumptions that may be true today but not in a couple months. in the future AM will likely pay it's vendors in bitcoins directly. think outside your box. it's an imperfect market but, yes AM hedges against the fall in the USD prices 500% is 5x and it was not a mistake. Oh so very smart you are. |
@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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TsuyokuNaritai
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July 04, 2013, 08:19:57 AM |
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The Wonderful World of Wildcat Wednesdays!  Is it gonna be like this every week now? |
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foxykah
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July 04, 2013, 08:24:59 AM |
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So I lost 35% on BTC/USD price drop, and 6% on AM price drop. Fine.
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Good things come to those who wait.
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foxykah
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July 04, 2013, 08:27:11 AM |
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It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.
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Good things come to those who wait.
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superduh
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July 04, 2013, 08:29:40 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...dont be afraid of people smarter than you no i dont think AM is a perfect hedge. nothing is. you make a bunch of assumptions that may be true today but not in a couple months. in the future AM will likely pay it's vendors in bitcoins directly. think outside your box. it's an imperfect market but, yes AM hedges against the fall in the USD prices 500% is 5x and it was not a mistake. Oh so very smart you are. my bad..... i misread. i thought he said drops by 10-15%, after re-reading it i realized he said 10-15% of it's current value. so yes, you are right it is 5x and it's still a wrong assumption (which we both agree on) |
ok
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JordanL
Donator
Sr. Member
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Activity: 294
Merit: 250
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July 04, 2013, 08:41:02 AM |
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It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.
Can I have your shares?  Come back to this post in two months and see how this investment is doing for you.  |
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AMuppInTime
Donator
Sr. Member
Offline
Activity: 290
Merit: 250
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July 04, 2013, 08:46:43 AM |
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It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.
Don't. We all have lost some skin, but it's meaningless in the end and we know it. Second, let time do its thing and stop letting emotions affect your investments: don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself. Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU. Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that. |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 04, 2013, 08:49:38 AM
Last edit: July 04, 2013, 09:41:45 AM by freedomno1 |
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It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.
Don't. We all have lost some skin, but it's meaningless in the end and we know it. Second, let time do its thing and stop letting emotions affect your investments: don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself. Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU. Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that. Fourth If its at 4.7 on BTCT come help me finish the darn 0.043 walls at havelock ha-ha arbitrage  Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running That's emotional investing logical would need good reasons such as fundamental changes to follow the crowd |
Believing in Bitcoins and it's ability to change the world
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AMuppInTime
Donator
Sr. Member
Offline
Activity: 290
Merit: 250
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July 04, 2013, 08:53:52 AM |
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Fourth If its at 4.7 on BTCT come help me finish the darn 0.43 walls at havelock ha-ha arbitrage Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running That's emotional investing logical would need good reasons such as fundamental changes I only trust BTC-TC for trading purpose. Havelock appears foreign to me. Plus woah trading on multiple platforms appear to be a whole new ball-game, arbitrage plays have too many points of failure for me right now. |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 04, 2013, 08:57:10 AM
Last edit: July 04, 2013, 09:21:45 AM by freedomno1 |
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It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.
Don't. We all have lost some skin, but it's meaningless in the end and we know it. Second, let time do its thing and stop letting emotions affect your investments: don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself. Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU. Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that. Fourth If its at 4.7 on BTCT come help me finish the darn 0.43 walls at havelock ha-ha arbitrage Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running That's emotional investing logical would need good reasons such as fundamental changes I only trust BTC-TC for trading purpose. Havelock appears foreign to me right now. Lightbox has delivered for me I have used Canbit before and never had an issue With havelock no issues as well less that DDOS today ha-ha but he just doesn't advertise much I can see why btc-tc is preferred though it has more stocks too And evil people putting overvalued options he-he Edit In: Exchange arbitrage can be sexy though since its all the same ASICminer |
Believing in Bitcoins and it's ability to change the world
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empoweoqwj
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July 04, 2013, 08:59:37 AM |
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It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.
Could have been much worse. You could have bought in at $266 .... Bitcoin is notorious for bubbles and bursts because its almost entirely sentiment driven. People think its too high and it crashes and crashes, until all the "nervous types" i.e. non-professionals have sold out. Then the pros buy back in cheap, the price starts going up again, and the public joins in again. The next bubble could we well over $266. So $118 is really not that bad. There's a lot more upside from $118 than downside. And if going from $118 to $70 was more than you could afford to lose then you disobeyed the first rule of investing. Hang in there, it will turn around soon. |
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