ASICMINER: Entering the Future of ASIC Mining by Inventing It

[freedomno1]

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.

Well to be honest if we look at the previous history it probably will go lower but history does not always repeat itself
That's fine too there are a lot more developments occurring than the last time it went down
Winklevoss twins retailer networks more sites accepting bitcoin the San Jose Convention increasing number of meetups
http://bitcoincharts.com/charts/mtgoxUSD#rg1460ztgSzm1g10zm2g25zv

So we may be among the few to say we were here in 2013 when 2015 pops by lol

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[bobboooiie]

So many weak hands, so much free money laying around and I have to be sleeping during all of that 

[Luckybit]

ASIC miners killed bitcoin profitability. who knew.

Stop complaining and go mine PPC.

[zhangxiongfei]

The reason why ASICM went down is because people are dumb, to put it plainly. I actually sold mid 4's two days ago because I knew peoples perceptions were wrong if they were thinking there was going to be a huge dividend today. Either way, we are still up a lot and now time to load up more shares. I can see ASICM falling more from here just because bearish sentiment scares weak investors. So be it, and let Bitcoin fall too so I can convert more worthless US dollars into Bitcoins and buy even more shares than I could before. Works out great for me. The weak investors can go run to the US stock exchange and have fun with that.. good luck you'll need it.

I totally agree with you

[TsuyokuNaritai]

So many weak hands, so much free money laying around and I have to be sleeping during all of that 

Yeah, it's annoying.

I'll have to start leaving low bids ready when there might be a noob trap coming. From the altcoin markets I've learned to fear that in case some real disaster happens and I catch the falling knife in my sleep, but that's a lot less likely to happen with ASICMiner.

[freedomno1]

So many weak hands, so much free money laying around and I have to be sleeping during all of that 

Yeah, it's annoying.

I'll have to start leaving low bids ready when there might be a noob trap coming. From the altcoin markets I've learned to fear that in case some real disaster happens and I catch the falling knife in my sleep, but that's a lot less likely to happen with ASICMiner.

He-he if this pattern keeps occuring we might have to borrow BFL's 2 week motto for noob crashes 

[stripykitteh]

For me as a buy, hold and reinvest dinosaur I haven't seen anything in AM's recent performance to convince me my strategy is incorrect. Dividends were about where we thought they'd be, given there were no blades for sale last week. The share price going up made me feel a little giddy, sure, but it was inevitable it would go down at some point.

Put yourself in friedcat's shoes. When the share price soared over 5BTC, do you think he was thinking about selling a few thousand? Or do you think he was thinking about cool new ways for AM to kick arse?

My vision for AM in the long-term is as the leading player in mining hardware. As long as they appear to be fulfilling their destiny I will maintain my strategy.

[foxykah]

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

I'm not going to kill myself, I only said that to show how I feel about my investment. I can afford to lose all my BTCs, but I can't afford to buy in now, when the prices are lower, so it is just frustrating to see my investment losing it's value day by day.
This is the train of profit, but not the time of profit.

[canth]

So many weak hands, so much free money laying around and I have to be sleeping during all of that 

+1! I can't believe i slept through a dip like that.

[afro25]

So many weak hands, so much free money laying around and I have to be sleeping during all of that 

+1! I can't believe i slept through a dip like that.

Unfortunately I've had to sit through it and watch while I wait for payday.

Will grab a few more shares tomorrow evening if they're still going cheap!

[aahzmundus]

ASICMINER Weekly Write-up 07/03/2013

Dividend: BTC0.02297025
Previous 5wk Avg: BTC0.0269764
Previous All Time Avg: BTC0.01655679625

Hashrate estimate: 29.46TH/s
Network percentage: 15.3%

Share Price: BTC4.77
7day low: BTC3.266
7day High: BTC5.17

Friedcat Updates:
No posts from Friedcat save for 3 confirmations on the number of shares held by specific individuals.

Noteworthy Information:

• Rockxie, the distributor of ASICMINER products in China "leaked" some new information - Presentation - Translation
• Jutarul, a large holder of ASICMINER shares, held a public fixed price auction of 1,000 shares at BTC4.5 - Auction Post
• Rival posted some thoughts on the position and future of ASICMINER - Post

(http://www.asicminercharts.com/)


(http://runeks.dk/bitcoin/)

For more information on ASICMINER please visit https://asicminer.info/

Please send any comments, corrections, additions or suggestions to Aahzmundus.

Was this information valuable?  Consider leaving a tip at: 1AahzKNU7NgNJyQPx7BJDLSiFRhgSA2P7c

[ThickAsThieves]

ASICMINER Weekly Write-up 07/03/2013

Great job!

[aahzmundus]

ASICMINER Weekly Write-up 07/03/2013

Great job!

Thank you!  already cross posted to Asciminer.info, will post to reddit in 6 min.

[Smidge]

Thank you!  already cross posted to Asciminer.info, will post to reddit in 6 min.

Thanks a lot aahzmundus. Its good to get a short, condensed version of what's happening because it's nearly impossible to extract it from this thread.

[nubbins]

Thank you!  already cross posted to Asciminer.info, will post to reddit in 6 min.

Thanks a lot aahzmundus. Its good to get a short, condensed version of what's happening because it's nearly impossible to extract it from this thread.

You want to see impossible, head over to fuckcombustion.com and pretend you're in the market for a vaporizer. 800+ page threads of stoners bickering about glass airpaths and the best method for ingesting "medicine" 

[aahzmundus]

Thank you!  already cross posted to Asciminer.info, will post to reddit in 6 min.

Thanks a lot aahzmundus. Its good to get a short, condensed version of what's happening because it's nearly impossible to extract it from this thread.

You are welcome!  Yes, this is geared to the new investor, or the investor who has other things to do then refresh this thread every 5 min (as you see, I do not have better things to be doing!).

My big issue is going to be making sure new investors can find and get access to this information.  To that end, if you think I should post it somewhere, let me know.  If you would like to copy my updates to put on your site/blog, please do so! ... just do so in their entirety with credit to me or including a link to the full version (which includes my donation address!)

[romerun]

there's a facebook fan page

[Smidge]

Thank you!  already cross posted to Asciminer.info, will post to reddit in 6 min.

Thanks a lot aahzmundus. Its good to get a short, condensed version of what's happening because it's nearly impossible to extract it from this thread.

You want to see impossible, head over to fuckcombustion.com and pretend you're in the market for a vaporizer. 800+ page threads of stoners bickering about glass airpaths and the best method for ingesting "medicine" 

lol wut

[MrBubbles007]

Thank you!  already cross posted to Asciminer.info, will post to reddit in 6 min.

Thanks a lot aahzmundus. Its good to get a short, condensed version of what's happening because it's nearly impossible to extract it from this thread.

You want to see impossible, head over to fuckcombustion.com and pretend you're in the market for a vaporizer. 800+ page threads of stoners bickering about glass airpaths and the best method for ingesting "medicine" 

lol wut

Stoner logic>

[Smidge]

Thank you!  already cross posted to Asciminer.info, will post to reddit in 6 min.

Thanks a lot aahzmundus. Its good to get a short, condensed version of what's happening because it's nearly impossible to extract it from this thread.

You are welcome!  Yes, this is geared to the new investor, or the investor who has other things to do then refresh this thread every 5 min (as you see, I do not have better things to be doing!).

My big issue is going to be making sure new investors can find and get access to this information.  To that end, if you think I should post it somewhere, let me know.  If you would like to copy my updates to put on your site/blog, please do so! ... just do so in their entirety with credit to me or including a link to the full version (which includes my donation address!)

I just don't have the time to gather all this info. I think many (potential) investors are in the same situation, because there is no other centralized AM info source than this thread.

We should have a weekly newsletter mailed to us as PDF with all the info. I'd throw in a few Satoshis per week for that