The idea behind the MCXFee shares is really cool and really brilliant, I've been watching them since day 1, but have never bought because they are vastly overpriced.
While I totally acknowledge the possibility that RealSolid is in fact manipulating the market, I am not going to give up on the possibility that people are just idiots as well.
As exhibit b, I offer CEX.io: current price on CEX is 0.1075 BTC/GH, when the lifetime mining value of 1 GH starting today is only about 0.07. Who's buying them? Anyone's guess, but they are obviously daytraders who are looking to get out before it's too late, since holding these shares long term is negative EV and has zero percent chance of ROI.
While I totally acknowledge the possibility that RealSolid is in fact manipulating the market, I am not going to give up on the possibility that people are just idiots as well.
As exhibit b, I offer CEX.io: current price on CEX is 0.1075 BTC/GH, when the lifetime mining value of 1 GH starting today is only about 0.07. Who's buying them? Anyone's guess, but they are obviously daytraders who are looking to get out before it's too late, since holding these shares long term is negative EV and has zero percent chance of ROI.
+1 totally agree , he has every right to ask for capital .
No different to any other market, and some people of course will fall in the hole.
BFL asked for capital , got a lot , people still order with them ?
Thier thinking would be " well we were in the unique position to do this , tell me you wouldnt have done the same thing ..."
