Vycid
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♫ the AM bear who cares ♫
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November 08, 2013, 05:20:35 PM |
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Buy when there is blood on the streets. It is pennies on the dollar.
There's been an awful lot of blood. I offer an alternative aphorism. "Never love a stock, because it won't love you back."
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freedomno1
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Learning the troll avoidance button :)
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November 08, 2013, 08:13:09 PM |
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FC is so far ahead of the curve he is beyond the horizon.
Yes. And AM is the only company showing sings of trying to implement a strategy for years, not months, into the future. This is endgame stuff. I pretty much share this sentiment it is a very long term strategy not focused on the short term hardware war but the long term stabilization of market (So short bear long bull) in other words I see AM being around for a while and Friedcats whole strategy is long not short. He is convinced that ASIC mining will move to this scale and wants to be the first on the curve for the eventuality that will come. Also no other securities in the mining sphere have long term goals beyond that of increasing hashrate on miners so it is an industry first. (Although I stand to be corrected if there is something I missed)
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Believing in Bitcoins and it's ability to change the world
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bitcoin.newsfeed
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November 08, 2013, 08:34:06 PM |
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Just small detail. At first we need a working competitive chips, then we're able deploy something and/or use that containers.
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... Question Everything, Believe Nothing ...
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glendall
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PredX - AI-Powered Prediction Market
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November 08, 2013, 09:41:29 PM Last edit: November 08, 2013, 10:30:51 PM by glendall |
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On the other hand, it's not a inconceivably dumb move to sit back and work on cooling plans and other projects such as the exchange while your BTC reserves [edit:] "are appreciating against USD" are growing fast steadily and you can afford to find the top talent, make the right chip at the right time and then kick things into overdrive. This may be a smarter move than rushing from behind to launch a chip that is on par with what is available...
Asicminer's BTC reserves aren't going to be evaporating on their own and they only have one chance to make their next gen chip, they have to do it right.
At this point it doesn't matter as much WHEN you come to market, the ASIC 'new tech' rush is over. Now what matters is how your chip compares to the competition when it comes out. Not sure if that is, was, or could be FC's plan but just saying as I did before that all is not lost if you bide your time with big cash reserves to jump into something at the right time, as opposed to stumbling into a contest you can't win by trying to rush to market.
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jawnzer
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November 08, 2013, 09:46:56 PM |
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FC is so far ahead of the curve he is beyond the horizon.
Yes. And AM is the only company showing sings of trying to implement a strategy for years, not months, into the future. This is endgame stuff. I pretty much share this sentiment it is a very long term strategy not focused on the short term hardware war but the long term stabilization of market (So short bear long bull) in other words I see AM being around for a while and Friedcats whole strategy is long not short. He is convinced that ASIC mining will move to this scale and wants to be the first on the curve for the eventuality that will come. Also no other securities in the mining sphere have long term goals beyond that of increasing hashrate on miners so it is an industry first. (Although I stand to be corrected if there is something I missed) Couldn't have said it any better.
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hlynur
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November 08, 2013, 09:48:30 PM |
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Just small detail. At first we need a working competitive chips, then we're able deploy something and/or use that containers.
here comes the partypooper ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) you're right but nevertheless it feels good as a shareholder to see the scale AM's research is aiming at.
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binaryFate
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Still wild and free
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November 08, 2013, 10:05:04 PM |
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Just small detail. At first we need a working competitive chips, then we're able deploy something and/or use that containers.
here comes the partypooper ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) you're right but nevertheless it feels good as a shareholder to see the scale AM's research is aiming at. It feels VERY good ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Much better than the previous pictures of the first wharehouse...
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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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AMuppInTime
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November 08, 2013, 10:11:56 PM |
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.., while your BTC reserves are growing fast ... Asicminer's BTC reserves aren't going to be evaporating on their own and they only have one chance to make their next gen chip, they have to do it right.
I think it was mentioned previously that asicMiner does not store BTCs but converts to Fiat right away - can anyone confirm that?
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AM4Bitcoin
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November 08, 2013, 10:20:51 PM |
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No the last balance sheet shows 5484 bitcoins. They also have $ and ¥, i think they just convert what they need for the expenses.
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bullish on Bitcoin + Peercoin
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SebastianJu
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Legendary Escrow Service - Tip Jar in Profile
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November 08, 2013, 10:45:21 PM |
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I wonder if the current price of bitcoins shouldnt lead to the stop of divs kept back.
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Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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neilol
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November 08, 2013, 11:16:47 PM |
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I wonder if the current price of bitcoins shouldnt lead to the stop of divs kept back.
A good point, or at least accelerate the rate they are acquiring funds. Likely wont since we have no public threshold. R&D funding is done whenever FC says.
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BitFlow
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November 09, 2013, 03:52:50 AM |
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This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.
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wmcleod
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November 09, 2013, 03:57:29 AM |
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can anyone provide a sum of what's transpired with asicminer over the last few days? thanks
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empoweoqwj
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November 09, 2013, 04:11:41 AM |
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This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.
Why not buy at Havelock and then convert yourself? Its not much of a market but the best thing we have right now.
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AMuppInTime
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November 09, 2013, 04:22:55 AM |
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This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.
Why not buy at Havelock and then convert yourself? Its not much of a market but the best thing we have right now. There are many signs pointing to the shares being underpriced on the exchanges (currently 0.78BTC on HL). I personally want to stay as far away from HL and all other exchanges seem down. Looking in the auction forums you can see that there are multiple threads of folks offering to buy direct shares but nobody selling. I think the current valuation of ASICminer is closer to 1BTC than anything else, but is being kept low because nobody wants to put money on the exchanges. Meanwhile all the big holders sold around 3BTC and nobody who bought at this price wants to take the loss [i do see some folks making money via arbitrage if willing to take the gamble]. We're experiencing illiquidity, which is not good for the commodity's price or the holders. We need a new leader like BTC.TC was that the community believes in. Short of that, holders need to believe in the cat.
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Caesium
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November 09, 2013, 04:26:47 AM |
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Looking in the auction forums you can see that there are multiple threads or folks offering to buy direct shares but nobody selling.
Offer more money then, simple as that (not directly aimed at you, whoever is trying to buy) ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) When you find the price that perks a seller into accepting it, well then you've found fair market price haven't you. Short of that, holders need to believe in the cat.
Sounds like we already do.
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prancing_around
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November 09, 2013, 04:56:15 AM |
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This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.
Why not buy at Havelock and then convert yourself? Its not much of a market but the best thing we have right now. There are many signs pointing to the shares being underpriced on the exchanges (currently 0.78BTC on HL). I personally want to stay as far away from HL and all other exchanges seem down. Looking in the auction forums you can see that there are multiple threads of folks offering to buy direct shares but nobody selling. I think the current valuation of ASICminer is closer to 1BTC than anything else, but is being kept low because nobody wants to put money on the exchanges. Meanwhile all the big holders sold around 3BTC and nobody who bought at this price wants to take the loss [i do see some folks making money via arbitrage if willing to take the gamble]. We're experiencing illiquidity, which is not good for the commodity's price or the holders. We need a new leader like BTC.TC was that the community believes in. Short of that, holders need to believe in the cat. May I ask why your so weary of Havelock? Is it because of the precedent or something else?
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empoweoqwj
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November 09, 2013, 05:36:58 AM |
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This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.
Why not buy at Havelock and then convert yourself? Its not much of a market but the best thing we have right now. There are many signs pointing to the shares being underpriced on the exchanges (currently 0.78BTC on HL). I personally want to stay as far away from HL and all other exchanges seem down. Looking in the auction forums you can see that there are multiple threads of folks offering to buy direct shares but nobody selling. I think the current valuation of ASICminer is closer to 1BTC than anything else, but is being kept low because nobody wants to put money on the exchanges. Meanwhile all the big holders sold around 3BTC and nobody who bought at this price wants to take the loss [i do see some folks making money via arbitrage if willing to take the gamble]. We're experiencing illiquidity, which is not good for the commodity's price or the holders. We need a new leader like BTC.TC was that the community believes in. Short of that, holders need to believe in the cat. Well if shares are undervalued at havelock, simply buy some there, and convert to direct shares. In a few days time you end up with cheap direct shares .... don't see the risk, unless you think havelock is going under this week? But yeah, the whole "virtual" share market is a mess at the moment. Isn't that on AM's to-do list still?
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freedomno1
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Learning the troll avoidance button :)
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November 09, 2013, 05:51:11 AM |
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This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.
Why not buy at Havelock and then convert yourself? Its not much of a market but the best thing we have right now. There are many signs pointing to the shares being underpriced on the exchanges (currently 0.78BTC on HL). I personally want to stay as far away from HL and all other exchanges seem down. Looking in the auction forums you can see that there are multiple threads of folks offering to buy direct shares but nobody selling. I think the current valuation of ASICminer is closer to 1BTC than anything else, but is being kept low because nobody wants to put money on the exchanges. Meanwhile all the big holders sold around 3BTC and nobody who bought at this price wants to take the loss [i do see some folks making money via arbitrage if willing to take the gamble]. We're experiencing illiquidity, which is not good for the commodity's price or the holders. We need a new leader like BTC.TC was that the community believes in. Short of that, holders need to believe in the cat. Well if shares are undervalued at havelock, simply buy some there, and convert to direct shares. In a few days time you end up with cheap direct shares .... don't see the risk, unless you think havelock is going under this week? But yeah, the whole "virtual" share market is a mess at the moment. Isn't that on AM's to-do list still? The fact that they allied with a Panamanian Exchange and still have a working relationship with the banks through canadianbitcoins hints that their are no real signs of a close down in the short term or mid but I admit one exchange on the block does make it a bit worrysome and it will take some time for people to start regaining confidence in exchanges in general again. Not including 796 Chinese version or crypto-stocks As for auction price I think no one wants to take a loss and most auctions were above 1 So the market is undersupplied for direct share selling at these levels
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Believing in Bitcoins and it's ability to change the world
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AMuppInTime
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November 09, 2013, 07:10:36 AM |
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Why not buy at Havelock and then convert yourself? Its not much of a market but the best thing we have right now.
(...)
May I ask why your so weary of Havelock? Is it because of the precedent or something else?
I have no intel on anything, I am just worried about the stability of the operation. Right now they are playing the Canadian card as they should. I just don't have as much faith in the people involved as I had in burnside, to the point where I see no point in risking my direct shares or Bitcoins involved. That might change down the line, but I would say auction forum might work fine too: securities gain liquidity from being traded on exchanges but then you're trading something that is already abstracted an extra time. Simply put: I like my direct shares. I trust burnside and I hope friedcat comes up with an alternative exchange platform - wait and see for now.
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