ASICMINER: Entering the Future of ASIC Mining by Inventing It

[bitcoin.newsfeed]

addendum: The above is based on a current market evaluation of AM at 10% of mining revenue, giving AM a valuation of 800,000 btc. That makes the current AM shares rather cheap... I recommend loading up on them up to a point which you're comfortable with... (based on the ratio above)

Jutarul, last time I was listening your advice : "for new investors it's great entry point to pay 2.50btc/share" ... i lost about 90% of my BTCs ... so yeah  


EDIT :
I agree that shares are undervalued at this moment IF we're assuming that AM will get 10%+ of the hash pie in Q1 2014 ... but its big IF ... 3-4 months are years in btc world and FC said in update, that he'll be rather sell chips as "safe bet" as self mining in AM farm ...

[Jutarul]

addendum: The above is based on a current market evaluation of AM at 10% of mining revenue, giving AM a valuation of 800,000 btc. That makes the current AM shares rather cheap... I recommend loading up on them up to a point which you're comfortable with... (based on the ratio above)

Jutarul, last time I was listening your recommendation : "for new investors it's great entry point to pay 2.50btc/share" ... i lost about 90% of my BTCs (100+) valuation ... so yeah  

Please provide a reference and a context. I never give out advise like that because investment decisions are highly subjective.

Also please distinguish between share market based valuation and other means to arrive at a company value. The share market right now values AM at 120,000 BTC. I assume that this discounts for operational expenses, development risks and uncertainty on how much market share AM can claim. The logic for the mixed portfolio I provided above can be applied to different valuation schemes. Obviously you need to tweak the numbers in way you're comfortable with. The point I was trying to make is that with increasing purchasing power of the bitcoin the company valuation has to shrink in terms of bitcoin for the reason I outlined.

What did you do with your shares? Did you sell them at a lower price or are you currently in a hold position?

[bitcoin.newsfeed]

Please provide a reference and a context. I never give out advise like that because investment decisions are highly subjective.

Also please distinguish between share market based valuation and other means to arrive at a company value. The share market right now values AM at 120,000 BTC. I assume that this discounts for operational expenses, development risks and uncertainty on how much market share AM can claim. The logic for the mixed portfolio I provided above can be applied to different valuation schemes. Obviously you need to tweak the numbers in way you're comfortable with. The point I was trying to make is that with increasing purchasing power of the bitcoin the company valuation has to shrink in terms of bitcoin for the reason I outlined.

What did you do with your shares? Did you sell them at a lower price or are you currently in a hold position?

For those of you who are wondering why I sold at 2.5. It's simple investor strategy - i.e. risk management. Holding bitcoins has a different risk exposure than holding dividend paying stocks. I still believe that 2.5 is a good entry level point for the right investors, simply due to the expected return.

I'm still desperate holding my shares with faith in ASICminer ... you know ... what else can I do It's pretty much all what I have after year and a half in bitcoin world and I have no other choice at this moment

[Jutarul]

For those of you who are wondering why I sold at 2.5. It's simple investor strategy - i.e. risk management. Holding bitcoins has a different risk exposure than holding dividend paying stocks. I still believe that 2.5 is a good entry level point for the right investors, simply due to the expected return.

I'm still desperate holding my shares with faith in ASICminer ... you know ... what else can I do It's pretty much all what I have after year and a half in bitcoin world and I have no other choice at this moment

It seems I have to watch my language more carefully. The "right" investor implied a subgroup of investors which had zero exposure to mining and wanted to enrich their portfolio in that way. I hope you still have enough bitcoin to counteract the illiquidity of AM.

[robix]

@Jutarul

Do you know anything about the status of the transfer of BF PT's to direct shares. Unfortunately it seems that no one wants to comment on this issue.

[Vycid]

@Jutarul

Do you know anything about the status of the transfer of BF PT's to direct shares. Unfortunately it seems that no one wants to comment on this issue.

The BF issue is a big reason I wouldn't even consider purchasing AM shares right now. There's almost certainly some illiquid shares still tied up in the former BF PT that will be sold as soon as they can get moved to Havelock (or just auctioned off as direct shares).

Beyond that, it's still priced a couple hundred percent above what I'd consider a value buy.

[Jutarul]

@Jutarul

Do you know anything about the status of the transfer of BF PT's to direct shares. Unfortunately it seems that no one wants to comment on this issue.

Unfortunately I don't have any new information. Last I heard was that Ukyo wanted to get a claims process started and submit the claimed addresses to friedcat in chunks... Is Ukyo silent?

[robix]

@Jutarul

Do you know anything about the status of the transfer of BF PT's to direct shares. Unfortunately it seems that no one wants to comment on this issue.

Unfortunately I don't have any new information. Last I heard was that Ukyo wanted to get a claims process started and submit the claimed addresses to friedcat in chunks... Is Ukyo silent?

Yes. Neo&Bee is now involved in any way somehow. Anyway thanks.

[SebastianJu]

finally friedcat replied me:

Hi kirawei,

We already stopped paying to g.asicminer.pt's dividend address. The former payments are recorded as credits. After the direct shares show up from g.asicminer.pt, we will pay all missing dividends along with that week's.

Best regards,

friedcat

[Voodah]

Shares have been trading below 0.3 at Havelock yesterday and today.

What's your absolute low guys?

[empoweoqwj]

Shares have been trading below 0.3 at Havelock yesterday and today.

What's your absolute low guys?

0.10 to 0.12

[dmcdad]

Shares have been trading below 0.3 at Havelock yesterday and today.

What's your absolute low guys?

0.10 to 0.12

It might go that low, but IMO you have to be careful trying to bottom fish this one. All it will take is a positive update report from friedcat on gen3 and the price will instantly go to 0.5+. Will friedcat make such an announcement before gen3 ships? I don't know, but if you are trying to bottom fish that is the risk.

I consider anything from 0.3 or lower a good value. At 0.1 I will load up the dump truck (although for an investor of my size it is more like the glove box of a mini cooper) for shares.

[hdbuck]

Could anyone tell me what was the initial IPO price per share? and the corresponding value of 1BTC at that time? I know it must be somewhere in the 800 pages here but a reminder at this point would be nice

thx

[ujka]

Could anyone tell me what was the initial IPO price per share? and the corresponding value of 1BTC at that time? I know it must be somewhere in the 800 pages here but a reminder at this point would be nice

thx

How about first page of this thread - IPO share price 0.1BTC

[hdbuck]

Could anyone tell me what was the initial IPO price per share? and the corresponding value of 1BTC at that time? I know it must be somewhere in the 800 pages here but a reminder at this point would be nice

thx

How about first page of this thread - IPO share price 0.1BTC

Yeah well it was not that clear (someone told me the initial IPO was 0,25BTC/share) and i also needed a further confirmation about the exchange rate at that time... sry if it bothered you anyho

[vortex1878]

Please find my auction for 44 direct (not passthrough) ASICMINER shares here:

https://bitcointalk.org/index.php?topic=368543.0

I am only selling a small fraction of my shares, so please don't panic! 

[Jutarul]

@Jutarul

Do you know anything about the status of the transfer of BF PT's to direct shares. Unfortunately it seems that no one wants to comment on this issue.

The BF issue is a big reason I wouldn't even consider purchasing AM shares right now. There's almost certainly some illiquid shares still tied up in the former BF PT that will be sold as soon as they can get moved to Havelock (or just auctioned off as direct shares).

Beyond that, it's still priced a couple hundred percent above what I'd consider a value buy.

I agree with the sentiment, but as pointed out by another user, there may be no opportunity to make a "value buy", since holders may have enough stamina for the droughts and already positioned correctly. Calling the bottom is always challenging.

Another thing I'd like to point out is that since the bitcoin denominated AM share price is reversely dependent on bitcoin price (not proportionally, but it affects the market share of the industry), anybody who is "bullish" on the bitcoin price, should be "bearish" on the AM share price and discount correspondingly in their analysis...

[Voodah]

@Jutarul

Do you know anything about the status of the transfer of BF PT's to direct shares. Unfortunately it seems that no one wants to comment on this issue.

The BF issue is a big reason I wouldn't even consider purchasing AM shares right now. There's almost certainly some illiquid shares still tied up in the former BF PT that will be sold as soon as they can get moved to Havelock (or just auctioned off as direct shares).

Beyond that, it's still priced a couple hundred percent above what I'd consider a value buy.

I agree with the sentiment, but as pointed out by another user, there may be no opportunity to make a "value buy", since holders may have enough stamina for the droughts and already positioned correctly. Calling the bottom is always challenging.

Another thing I'd like to point out is that since the bitcoin denominated AM share price is reversely dependent on bitcoin price (not proportionally, but it affects the market share of the industry), anybody who is "bullish" on the bitcoin price, should be "bearish" on the AM share price and discount correspondingly in their analysis...

Every new AM investor please pay close attention to this Juratul just said.

AM behaved during this last year as a hedging mechanism for BTC.

BTC up, AM DOWN DOWN DOWN !

It may not be the same, coming January and all the new influx of money 2015 will bring, BUT definitely be careful timing your strategy.

[arousedrhino]

@Jutarul

Do you know anything about the status of the transfer of BF PT's to direct shares. Unfortunately it seems that no one wants to comment on this issue.

The BF issue is a big reason I wouldn't even consider purchasing AM shares right now. There's almost certainly some illiquid shares still tied up in the former BF PT that will be sold as soon as they can get moved to Havelock (or just auctioned off as direct shares).

Beyond that, it's still priced a couple hundred percent above what I'd consider a value buy.

I agree with the sentiment, but as pointed out by another user, there may be no opportunity to make a "value buy", since holders may have enough stamina for the droughts and already positioned correctly. Calling the bottom is always challenging.

Another thing I'd like to point out is that since the bitcoin denominated AM share price is reversely dependent on bitcoin price (not proportionally, but it affects the market share of the industry), anybody who is "bullish" on the bitcoin price, should be "bearish" on the AM share price and discount correspondingly in their analysis...

Every new AM investor please pay close attention to this Juratul just said.

AM behaved during this last year as a hedging mechanism for BTC.

BTC up, AM DOWN DOWN DOWN !

It may not be the same, coming January and all the new influx of money 2015 will bring, BUT definitely be careful timing your strategy.

He also should have decided the share price based on his own research and should not have listened to advice on this forum. Remember every post has a potential alterior motive. Him saying buy at 2 could of been because he was trying to sell at that time and wanted a buyer.

[Voodah]

He also should have decided the share price based on his own research and should not have listened to advice on this forum. Remember every post has a potential alterior motive. Him saying buy at 2 could of been because he was trying to sell at that time and wanted a buyer.

Forget about motives. Don't even go into that.

Everyone is not only entitled to their own opinion but also to post and express them.

It is always your duty as an investor, to read and learn as much as you can and form your own opinion.

If you read "BUY BUY BUY", then bought, lost and now complain "..but he said.. bla bla bla..", it is the most unequivocal clear indicator that you're either a) not ready to be playing the investing game or b) not the right kind of person to manage your investments (too gullible, too itchy, too bullish, too bearish, etc..). Buy and hold pure BTC is your best friend in either case.

This is not a derogatory post. Simple fact: some people are just not cut for investing/trading. There's a set of complementary required skills necessary to stay afloat; ie: you may be good at researching but have no patience and buy back at a loss once you've set your Sell order and things go the other way, or viceversa or a million other scenarios.

If you come here, ask for opinions and then blame those who gave their view, next time you won't even have any views upon which to enrich your own.