ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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.

[kingcrimson]

Anyone want to unload their AM shares quick, then PM me. I can buy a bunch. My offer is .2/BTC . That's lower than the current share price, but probably not for long.
It is a very dry market so this is your chance to get a good amount of BTC.

[damiano]

Anyone want to unload their AM shares quick, then PM me. I can buy a bunch. My offer is .2/BTC . That's lower than the current share price, but probably not for long.
It is a very dry market so this is your chance to get a good amount of BTC.

There's 3 auctions started today with no takers.  Your offer will look good to them in a few days 

[empoweoqwj]

Anyone want to unload their AM shares quick, then PM me. I can buy a bunch. My offer is .2/BTC . That's lower than the current share price, but probably not for long.
It is a very dry market so this is your chance to get a good amount of BTC.

There's 3 auctions started today with no takers.  Your offer will look good to them in a few days 

With the price sliding every day, not a good time to start an auction, but interesting to see what people buy at .... if at all. Have you got a URL for any of these auctions?

[empoweoqwj]

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.

We've had the "positive update" from FC. The maskout is on 14th January 2014. The tech is 40nm. What amazing good news are you expecting before March / April? News on chip stuff is normally bad i.e. "slight delays".

I'm not saying it will reach 0.10. What I am saying there is no good news coming out of FC this calendar year, so I am safe holding onto my coins watching the price go down on a daily basis.

It will only go to 0.5+ when Gen3 is about to happen, when the chips are being poured into that lovely hot liquid

[damiano]

Anyone want to unload their AM shares quick, then PM me. I can buy a bunch. My offer is .2/BTC . That's lower than the current share price, but probably not for long.
It is a very dry market so this is your chance to get a good amount of BTC.

There's 3 auctions started today with no takers.  Your offer will look good to them in a few days 

With the price sliding every day, not a good time to start an auction, but interesting to see what people buy at .... if at all. Have you got a URL for any of these auctions?

This is the biggest auction

https://bitcointalk.org/index.php?topic=368846.msg3939912#msg3939912

150 shares up for sale

[empoweoqwj]

Anyone want to unload their AM shares quick, then PM me. I can buy a bunch. My offer is .2/BTC . That's lower than the current share price, but probably not for long.
It is a very dry market so this is your chance to get a good amount of BTC.

There's 3 auctions started today with no takers.  Your offer will look good to them in a few days  

With the price sliding every day, not a good time to start an auction, but interesting to see what people buy at .... if at all. Have you got a URL for any of these auctions?

This is the biggest auction

https://bitcointalk.org/index.php?topic=368846.msg3939912#msg3939912


150 shares up for sale

Cool thanks for the link. He might get a few takers at 0.27 but if I wanted to get rid, I would have made it a 48-hour auction instead.

[chriswilmer]

So, after giving it a lot of thought, I've realized that if there was ONE question I would want to ask friedcat... it would be: what is 5 year vision for ASICMINER?
(if thinking 5 years out in the Bitcoin world is too crazy, then maybe just 2 years)

What do other people think about this question?

[empoweoqwj]

So, after giving it a lot of thought, I've realized that if there was ONE question I would want to ask friedcat... it would be: what is 5 year vision for ASICMINER?
(if thinking 5 years out in the Bitcoin world is too crazy, then maybe just 2 years)

What do other people think about this question?

5 bitcoin years is like 100 real years. I don't think anyone can have a vision that long. 2 years is much more realistic but I'm not really that keen on pre-announcing your "vision" to all your competitors. Understand fully you'd like to know, so would I, but so would his competitors as well. Best kept under his fried hat.

[bitcoin.newsfeed]

So, after giving it a lot of thought, I've realized that if there was ONE question I would want to ask friedcat... it would be: what is 5 year vision for ASICMINER?
(if thinking 5 years out in the Bitcoin world is too crazy, then maybe just 2 years)

What do other people think about this question?

Vision is sometimes very far away from reality you know ... Friedcat also had "vision" about :

How are things going regarding your business plan? Did you account for the sudden network hashrate increase? How is the international expansion of ASICminer coming along?
The business plan is unchanged. The network hashrate increase was still under our projection. The total hash target originally set for the end of this year would probably achieved earlier.

and look where are we ...