empoweoqwj
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January 26, 2014, 02:51:15 PM |
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Share price currently collapsing. Now there's a shock.
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vortex1878
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January 26, 2014, 03:09:33 PM |
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Share price currently collapsing. Now there's a shock.
No wonder as the cat isn't bothered to post any update. I also dunno if I shall buy more or sell all...
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coldguy
Member
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Activity: 69
Merit: 10
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January 26, 2014, 03:38:08 PM |
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Didn't even know they had a facebook page, lol
Not sure how much they are planning on selling to end users to be honest, but who knows anything about their plans these days.
When does Chinese New Year end officially?
THe festivities last for 15 days. http://www.infoplease.com/spot/chinesenewyear1.htmlAnd importantly starts on 31st January .... so we are talking mid-feb, great ... Still beggars belief FC can't post anything during CNY though. Its not a crime in China to post to forums during festive season I presume? Traditionally Chinese will have a fifteen days holiday for the spring festival. But that is only true for the old time rural part of China. However for the big cities like Shenzhen, which has a pro business culture, people will have a one week long holiday. Some aggressive business men will have a even short holiday. As long as FC is really wan two produce some thing, I don't think he couldn't find anyone to do it in time.
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empoweoqwj
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January 26, 2014, 04:07:43 PM |
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Quite clearly because his mindset has changed, and the best guess is because his company has been split apart. You can detect that in all kinds of ways. Reduced frequency of official posts, reduced frequency of responses to emails, failing to produce Gen2 hardware at all (which has killed dividends for six months), other people producing hardware amazingly similar to his, not introducing a PR person when he said he would, not producing a blockchain-based exchange when he said he would ..... something has clearly gone badly wrong at ASICMINER. But he's never once alluded to the real reasons for such delays and problems. Just given out excuses. Time to sell I'm afraid. I'd rather have something than nothing.
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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January 26, 2014, 04:10:47 PM |
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Quite clearly because his mindset has changed, and the best guess is because his company has been split apart. You can detect that in all kinds of ways. Reduced frequency of official posts, reduced frequency of responses to emails, failing to produce Gen2 hardware at all (which has killed dividends for six months), other people producing hardware amazingly similar to his, not introducing a PR person when he said he would, not producing a blockchain-based exchange when he said he would ..... something has clearly gone badly wrong at ASICMINER. But he's never once alluded to the real reasons for such delays and problems. Just given out excuses. Time to sell I'm afraid. I'd rather have something than nothing. anyone tried to ask BITMAIN if they had any relations with AM?
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empoweoqwj
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January 26, 2014, 04:23:07 PM |
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Quite clearly because his mindset has changed, and the best guess is because his company has been split apart. You can detect that in all kinds of ways. Reduced frequency of official posts, reduced frequency of responses to emails, failing to produce Gen2 hardware at all (which has killed dividends for six months), other people producing hardware amazingly similar to his, not introducing a PR person when he said he would, not producing a blockchain-based exchange when he said he would ..... something has clearly gone badly wrong at ASICMINER. But he's never once alluded to the real reasons for such delays and problems. Just given out excuses. Time to sell I'm afraid. I'd rather have something than nothing. anyone tried to ask BITMAIN if they had any relations with AM? If they stole AM's IP they wouldn't admit it. If FC secretly set up this 2nd company he wouldn't admit it. Blind alley.
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Zubilica
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January 26, 2014, 05:02:02 PM |
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We will not see any updates until new year has passed , FC never promised updates , he just told us the approximate date for tape-out , so chill out for 2-3 weeks
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vortex1878
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January 26, 2014, 05:04:56 PM |
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We will not see any updates until new year has passed , FC never promised updates , he just told us the approximate date for tape-out , so chill out for 2-3 weeks
He did in fact promise bi-weekly updates. If bi-weekly means twice per week or every two weeks, is up for interpretation. But neither happened anyway.
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empoweoqwj
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January 26, 2014, 05:21:27 PM |
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We will not see any updates until new year has passed , FC never promised updates , he just told us the approximate date for tape-out , so chill out for 2-3 weeks
He did in fact promise bi-weekly updates. If bi-weekly means twice per week or every two weeks, is up for interpretation. But neither happened anyway. Bi-weekly I'm pretty sure means "every 2 weeks' but since he hasn't posted for nearly 7 weeks now, you are right, neither has happened. And its got nothing to do with the Chinese New Year which hasn't even happened yet.
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superduh
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January 26, 2014, 05:46:18 PM |
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it's just a waiting game. when fc posts share price will either plummet or go up greatly. problem is noone knows what he will say. seems some internal splits could be an issue. but, most of the core team have done well with their share of AM so it would seem like something petty to fight about. no point in speculating since there is nothing to speculate on.
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ok
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mrlupin
Newbie
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Activity: 30
Merit: 0
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January 26, 2014, 05:48:00 PM |
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Watching the AM stock price move over the last week is a remarkable exercise in psychology, to see emerge a cycle of greed followed by a cycle of fear.
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freedomno1
Legendary
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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January 26, 2014, 10:51:25 PM |
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Watching the AM stock price move over the last week is a remarkable exercise in psychology, to see emerge a cycle of greed followed by a cycle of fear.
It is an interesting cycle trying to find the optimal is the challenge though
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Believing in Bitcoins and it's ability to change the world
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BitThink
Legendary
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Activity: 882
Merit: 1000
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January 27, 2014, 01:23:04 AM |
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It's clearly a pump and dump.
Whenever a company announces an important date in advance, it has the responsibility to keep every shareholders informed at that date whatever the progress is. Otherwise, it shlould be punished by introducing an apparent chance of pump and dump.
Friedcat has definitely handled PR quite badly this time. In real stock market, he could have already be investigated by the regulation authority.
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kirawei
Newbie
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Activity: 49
Merit: 0
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January 27, 2014, 01:33:22 AM |
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think someone is making the price down and then buy back!!! use people's fear!!
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jimmothy
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January 27, 2014, 01:36:31 AM |
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think someone is making the price down and then buy back!!! use people's fear!!
Would explain why exactly after 100 shares are sold someone wants to buy 100 shares. Sucks to be that guy since hes not gonna get his shares back.
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empoweoqwj
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January 27, 2014, 01:36:46 AM |
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think someone is making the price down and then buy back!!! use people's fear!!
People pushed the price up to 0.70 BTC for no other reason than the 20th January was approaching. I said how stupid it was at the time to buy based purely on a date. Those same people are now being punished by the price drop. There is no "conspiracy" here or game playing, just bad tactics.
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kirawei
Newbie
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Activity: 49
Merit: 0
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January 27, 2014, 01:41:24 AM |
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think its time to buy!!! I am starting to bid!
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BitThink
Legendary
Offline
Activity: 882
Merit: 1000
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January 27, 2014, 01:49:11 AM |
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think someone is making the price down and then buy back!!! use people's fear!!
People pushed the price up to 0.70 BTC for no other reason than the 20th January was approaching. I said how stupid it was at the time to buy based purely on a date. Those same people are now being punished by the price drop. There is no "conspiracy" here or game playing, just bad tactics. That's exactly why a public company should be very careful in announcing an exact date of important milestone. Once you announced, you have responsibility to keep updating the progress. Moreover, a hero member said couple of pages before that he got reply from Friedcat on 17 Jan that 'everything is still on track about the taping out on 20 Jan'. Do you know what this mean? If this is true, friedcat has clearly violated the security market rule. He gave an important information to his friend but keep all other investors in the dark. In real stock market, this could lead him to the jail. I know BTC stock market is the wild west, and no rule here at all, but I really think this kind of things make me believe that AM, and the whole BTC stock market, is not worth investing any more. It's just a place for insiders to grab wealth from the new comers. For all new comers, keep your BTC in cold storage and you will never regret about that.
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smilence
Newbie
Offline
Activity: 58
Merit: 0
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January 27, 2014, 02:14:24 AM |
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think someone is making the price down and then buy back!!! use people's fear!!
People pushed the price up to 0.70 BTC for no other reason than the 20th January was approaching. I said how stupid it was at the time to buy based purely on a date. Those same people are now being punished by the price drop. There is no "conspiracy" here or game playing, just bad tactics. That's exactly why a public company should be very careful in announcing an exact date of important milestone. Once you announced, you have responsibility to keep updating the progress. Moreover, a hero member said couple of pages before that he got reply from Friedcat on 17 Jan that 'everything is still on track about the taping out on 20 Jan'. Do you know what this mean? If this is true, friedcat has clearly violated the security market rule. He gave an important information to his friend but keep all other investors in the dark. In real stock market, this could lead him to the jail. I know BTC stock market is the wild west, and no rule here at all, but I really think this kind of things make me believe that AM, and the whole BTC stock market, is not worth investing any more. It's just a place for insiders to grab wealth from the new comers. For all new comers, keep your BTC in cold storage and you will never regret about that. I can't agree more, Friedcat can tell progresses to some random girl and board members, but not us...
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