ASICMINER: Entering the Future of ASIC Mining by Inventing It

[chairforce1]

The order book over the last few months has been like watching the tides roll in and out. Somebody has to be making money off this.

[ensurance982]

The order book over the last few months has been like watching the tides roll in and out. Somebody has to be making money off this.

Sure, it's basically just a bet that there is no massive movement up or down, it's just waiting and playing the people. But to believe that this is done by FC or someone from AM is ludicrous, since the volume and the swings on Havelock are much to shallow to really profit...

[chairforce1]

But to believe that this is done by FC or someone from AM is ludicrous

That's not what I meant at all. Just wondering if anyone is buying on missed dates and selling on rumors. Normally the saying is buy on rumors and sell on news.

[ensurance982]

But to believe that this is done by FC or someone from AM is ludicrous

That's not what I meant at all. Just wondering if anyone is buying on missed dates and selling on rumors. Normally the saying is buy on rumors and sell on news.

Yeah, I guess people may be doing that. At least it's better than losing money. But you have to be careful not to miss the real train, when it really comes. That's the gamble here.

[bitsalame]

Saying to make "investments" based on rumors, is like trying to make a living buying lottery tickets and call it doing "business".
I can see that most people who are "investors" here are extremely amateurish.
So let me give some words of advice:

1) Never speculate, don't buy anything by hearing shit from third parties. Gather data yourself.
2) Don't be "Dumb Money": in the business and investment world they classify investors as "smart money" and "dumb money". "Smart money" are investors who are also experts in the field you are entrepreneuring, so the main capital is not the money they are bringing to the table but their expertise and connections that would eventually be a great help for the growth of the company. "Dumb Money" is what most AM shareholders are: bunch of clueless chickens who are just sitting on their chairs asking to the entrepreneur when they will see their money back. Not only they are not providing any help, but they are also an annoyance.
For future entrepreneurs out there: never take "dumb money".
For future investors: never invest in something you don't understand or can't help it to grow.
3) Never invest if you can't afford to lose.
4) Don't try to get quick profits by instilling FUD. That is extremely shortsighted and moronic, especially destructive for startups.

I declined to take commissions when I was bringing business to my investments, refusing finders fee and sales commissions because my main goal is to provide value to my investments. The end game is not some money now, but astronomical price when the companies exits (when they sell the company).

If you are a true investor in AM the best you can do is to think how you can assist to your company to be leading in the market. Can you connect them with potential buyers? Do you know a place with cheap electricity? Do you have connections with financiers? Or at least, can you refrain from talking shit about the company you invested? It is fucking moronic and self-defeating to become an annoyance and expecting them to outperform when you are staining their image.
Be fucking smart.

[hdbuck]

There is a rumor that divs would come soon enough in september.. ^^

[whalezy]

Saying to make "investments" based on rumors, is like trying to make a living buying lottery tickets and call it doing "business".
I can see that most people who are "investors" here are extremely amateurish.
So let me give some words of advice:

1) Never speculate, don't buy anything by hearing shit from third parties. Gather data yourself.
2) Don't be "Dumb Money": in the business and investment world they classify investors as "smart money" and "dumb money". "Smart money" are investors who are also experts in the field you are entrepreneuring, so the main capital is not the money they are bringing to the table but their expertise and connections that would eventually be a great help for the growth of the company. "Dumb Money" is what most AM shareholders are: bunch of clueless chickens who are just sitting on their chairs asking to the entrepreneur when they will see their money back. Not only they are not providing any help, but they are also an annoyance.
For future entrepreneurs out there: never take "dumb money".
For future investors: never invest in something you don't understand or can't help it to grow.
3) Never invest if you can't afford to lose.
4) Don't try to get quick profits by instilling FUD. That is extremely shortsighted and moronic, especially destructive for startups.

I declined to take commissions when I was bringing business to my investments, refusing finders fee and sales commissions because my main goal is to provide value to my investments. The end game is not some money now, but astronomical price when the companies exits (when they sell the company).

If you are a true investor in AM the best you can do is to think how you can assist to your company to be leading in the market. Can you connect them with potential buyers? Do you know a place with cheap electricity? Do you have connections with financiers? Or at least, can you refrain from talking shit about the company you invested? It is fucking moronic and self-defeating to become an annoyance and expecting them to outperform when you are staining their image.
Be fucking smart.

Based on your theory and your frequency of talking, I think you need to replace your donation link with AM's AD in your signature, at least.

[MichaelBliss]

Saying to make "investments" based on rumors, is like trying to make a living buying lottery tickets and call it doing "business".
I can see that most people who are "investors" here are extremely amateurish.
So let me give some words of advice:

1) Never speculate, don't buy anything by hearing shit from third parties. Gather data yourself.
2) Don't be "Dumb Money": in the business and investment world they classify investors as "smart money" and "dumb money". "Smart money" are investors who are also experts in the field you are entrepreneuring, so the main capital is not the money they are bringing to the table but their expertise and connections that would eventually be a great help for the growth of the company. "Dumb Money" is what most AM shareholders are: bunch of clueless chickens who are just sitting on their chairs asking to the entrepreneur when they will see their money back. Not only they are not providing any help, but they are also an annoyance.
For future entrepreneurs out there: never take "dumb money".
For future investors: never invest in something you don't understand or can't help it to grow.
3) Never invest if you can't afford to lose.
4) Don't try to get quick profits by instilling FUD. That is extremely shortsighted and moronic, especially destructive for startups.

I declined to take commissions when I was bringing business to my investments, refusing finders fee and sales commissions because my main goal is to provide value to my investments. The end game is not some money now, but astronomical price when the companies exits (when they sell the company).

If you are a true investor in AM the best you can do is to think how you can assist to your company to be leading in the market. Can you connect them with potential buyers? Do you know a place with cheap electricity? Do you have connections with financiers? Or at least, can you refrain from talking shit about the company you invested? It is fucking moronic and self-defeating to become an annoyance and expecting them to outperform when you are staining their image.
Be fucking smart.

Well said! 

[chairforce1]

Saying to make "investments" based on rumors, is like trying to make a living buying lottery tickets and call it doing "business".

Hey some people do. I was merely wondering if anyone did. How about you stop punishing people for being victims of your own preconceived notions?

I can see that most people who are "investors" here are extremely amateurish.

Ah I believe you must be looking for the accredited investor lounge. Sorry this is a public forum.

So let me give some words of advice

Don't bother.

If you are a true investor in AM the best you can do is to think how you can assist to your company to be leading in the market. Can you connect them with potential buyers? Do you know a place with cheap electricity? Do you have connections with financiers? Or at least, can you refrain from talking shit about the company you invested? It is fucking moronic and self-defeating to become an annoyance and expecting them to outperform when you are staining their image.
Be fucking smart.

Amen brother. I've already purchased advertisement space for AM. You wanna help rally people to create a pool to get more? I really don't have the money to keep doing that.

[Lohoris]

Does he really have any shares (still) The way he talks makes me think he already got out of the game or, at best, still owns a couple of very old shares "just to be safe" and really doesn't care anymore  

Precisely, very good catch! : )

Except the "doesn't care": I care enough to come here and discuss, and I hate to see people lose money, so I give warnings here and there.

Denying the AM is high-risk due to its Bitcoin+unregulated+China nature is bad.
Accepting that and investing anyway is good as long as you understand what you are doing and which are the risks.

[NotLambchop]

...I can see that most people who are "investors" here are extremely amateurish.

4realz?  Gotta be a few professionals here who are intentionally losing massive amounts of money.  Like U, 4 instance.

So let me give some words of advice:

1) Never speculate, don't buy anything by hearing shit from third parties. Gather data yourself.

Never take advice from Anons.  Trading is not a cooperative sport.  For every good trade, there must be a matching *bad* trade.

2) ... "Dumb Money" is what most AM shareholders are: bunch of clueless chickens who are just sitting on their chairs asking to the entrepreneur when they will see their money back. Not only they are not providing any help, but they are also an annoyance.

"Dumb money" is what *ALL* AM shareholders are.  At least all who bought shares on Havelock.  Because:

There may be a few smart traders, but no smart investors.

3) Never invest if you can't afford to lose.

...and FFS, never invest on an exchange where not a single offering is trading above its initial listing price.  That sort of thing doesn't just make you "dumb money," it makes you certifiably insane.

4) Don't try to get quick profits by instilling FUD. That is extremely shortsighted and moronic, especially destructive for startups.

See (1).

I declined to take commissions when I was bringing business to my investments, refusing finders fee and sales commissions because my main goal is to provide value to my investments. The end game is not some money now, but astronomical price when the companies exits (when they sell the company).

wut
Someone offered you commissions?  But you can't type up a grammatically correct post.  You have no understanding of the very rudiments of business, like "contracts are there to be followed, not broken," "if you're a multimillion getting funding on some interwebs forum, spend five minutes a day posting to keep the marks calm," and "once the shares are sold, the issuer doesn't lose a penny if the shareholders dump their shares for nothing.  Conversely, the issuer doesn't profit if the share price skyrockets.  Not unless the issuer plans to sell more shares."

Stop typing nonsense, inept pimping is the worst kind of FUD.  It's frickin' embarrassing to read through, too.

[bitsalame]

...I can see that most people who are "investors" here are extremely amateurish.

4realz?  Gotta be a few professionals here who are intentionally losing massive amounts of money.  Like U, 4 instance.

So let me give some words of advice:

1) Never speculate, don't buy anything by hearing shit from third parties. Gather data yourself.

Never take advice from Anons.  Trading is not a cooperative sport.  For every good trade, there must be a matching *bad* trade.

2) ... "Dumb Money" is what most AM shareholders are: bunch of clueless chickens who are just sitting on their chairs asking to the entrepreneur when they will see their money back. Not only they are not providing any help, but they are also an annoyance.

"Dumb money" is what *ALL* AM shareholders are.  At least all who bought shares on Havelock.  Because:

There may be a few smart traders, but no smart investors.

3) Never invest if you can't afford to lose.

...and FFS, never invest on an exchange where not a single offering is trading above its initial listing price.  That sort of thing doesn't just make you "dumb money," it makes you certifiably insane.

4) Don't try to get quick profits by instilling FUD. That is extremely shortsighted and moronic, especially destructive for startups.

See (1).

I declined to take commissions when I was bringing business to my investments, refusing finders fee and sales commissions because my main goal is to provide value to my investments. The end game is not some money now, but astronomical price when the companies exits (when they sell the company).

wut
Someone offered you commissions?  But you can't type up a grammatically correct post.  You have no understanding of the very rudiments of business, like "contracts are there to be followed, not broken," "if you're a multimillion getting funding on some interwebs forum, spend five minutes a day posting to keep the marks calm," and "once the shares are sold, the issuer doesn't lose a penny if the shareholders dump their shares for nothing.  Conversely, the issuer doesn't profit if the share price skyrockets.  Not unless the issuer plans to sell more shares."

Stop typing nonsense, inept pimping is the worst kind of FUD.  It's frickin' embarrassing to read through, too.

another advice: don't spit upwards, it'll fall on your face

[ensurance982]

Well, I gotta say: Is it really Havelock's fault that "none of the stocks trade above IPO price"? It's the stocks that fail, not Havelock per se. I assume it's more of a general problem of the Bitcoin securities/stock market and people coming up with IPOs that don't have a sound business model business model

[xhomerx10]

Well, I gotta say: Is it really Havelock's fault that "none of the stocks trade above IPO price"? It's the stocks that fail, not Havelock per se. I assume it's more of a general problem of the Bitcoin securities/stock market and people coming up with IPOs that don't have a sound business model business model

 You shouldn't have said that.  It shows a lack of reading comprehension skills.
Not one person in this thread has blamed Havelock. 

[NotLambchop]

I didn't quite say it was Havelock's fault--just that it's stupid to try making money there.
There's no evidence of such a thing ever having been done, making the possibility of it *ever* happening speculative at best.*

But now that you bring the responsibility thing up, I'll say it:  Yes, it is partially Havelock's fault.

Havelock's fault for pretending to screen their offerings.
Havelock's fault for making assurances like "we hold all the money in escrow until it's needs by the issuer" (presumably doling it out like a parent does his child's allowance), and then failing to act on their promise (see Mintspare thread).
Havelock's fault for their own grossly overvalued IPO [HIF], which flopped just like all the rest of the crap listed there.

There's plenty more, but TL;DR:  I didn't claim it's Havelock's fault, but, now that you mention it, it kinda is.
*I'm talking about investing as opposed to trading.  It's possible to make money trading, and the fact that the charts have some upswings interrupting their negative slope is proof enough that some people, at some point, have bought lower than they sold (profited).

[silverfuture]

It is a very rare bird that can fly as high as bitcoin itself. Do you really expect any business model to provide the kind of value that the original p2p money will? Fo realz. As an ipo "investor" in AM I'm still really happy and have kept a large position in cold storage (and living 100% off of bitcoin for over a year), despite quite a few other losses learning experiences.

How are you doing notlambchop? How is your time investment in bitcointalk tsunami warnings going for you?


To newbs...if you are wondering... keep and hold bitcoins primarily if you want real returns...that is all. Thanks

[jjdub7]

How are you doing notlambchop? How is your time investment in bitcointalk tsunami warnings going for you?

 

[ensurance982]

How are you doing notlambchop? How is your time investment in bitcointalk tsunami warnings going for you?

 

I don't want to spoil anyone by asking for an explanation, but I don't get the reference, will someone please indulge me and explain the background, it sounds adventurous and I'd like to know more

[vortex1878]

From the tube sales thread:

Price adjusted to 7.9 btc per set.

Round 1 purchasers get a coupon of 0.05 btc per device. (0.5 btc per set, 0.0125 btc per hashing unit)

Round 2 purchasers bought at the price before price adjustment get refunds of the price difference, preferrably to the payment source address.

All coupons and refunds happen only between our direct purchasers and us.

Very generous to the customers. But I am afraid this means less income for the shareholders.

Fostering customer relations though. Which other company gives refunds they don't have to give?!

[ensurance982]

From the tube sales thread:

Price adjusted to 7.9 btc per set.

Round 1 purchasers get a coupon of 0.05 btc per device. (0.5 btc per set, 0.0125 btc per hashing unit)

Round 2 purchasers bought at the price before price adjustment get refunds of the price difference, preferrably to the payment source address.

All coupons and refunds happen only between our direct purchasers and us.

Very generous to the customers. But I am afraid this means less income for the shareholders.

Fostering customer relations though. Which other company gives refunds they don't have to give?!

It shows again how honest ASICMiner is! They did the same thing with the first generation, when they adjusted the price for the USB Block Erupter miners quite a few times over summer. And people who purchased at the old prices got the new miners for 0.1 BTC each (with a maximum quantity of the previously bought miners)