Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 167. (Read 479475 times)

No not upset Lorenzo, just really really bored. By all means lets discuss these things but you can't start off a dialogue with 100 questions - it becomes a speech or a monologue then, not a conversation.

VE

Thank you so much for your wonderful, enlightening and patient responses. They were so precise and clear.
You wisdom and eloquence when it comes to trading was inspiring.

Really, your clarity and skill for stating the obvious is surpassed by no one.


And your patience?  You are more patient that someone still waiting for delivery of their Butterfly Labs Single ordered last July (2012).

ROTFL

Wow! What I wrote really upset you! LOL.
Perhaps you would prefer the thread return to attacks on ActM and speculation on issues that have nothing to do with ActM at all.

Your support has inspired me to continue asking more "semi-rhetorical questions"


LOL.




 

lol I do admire your attempt at resolving the general inquiry, you are a patient man.

The stupidity and nearsightedness of people is really incredible. I wish it made more financial sense to my overall portfolio to put more money into this stock.

Fundamentals have only gotten stronger since IPO..

Obviously this IPO is having an effect on ACtM share price so I consider this on-topic.

A lot of money has come out of listings on bitfunder and has been put into MiceDrill. I haven't done the research but was just wondering what we know about DT, really know. His true identity? 1, 2, 5 or indeed 20k of BTC could soon be enough to retire/disappear with. Probably not the right place for that question but lets say theoretically that this money doesn't come back to ACtM because MiceDrill has an accident and 'looses' it. Where will more money come from to increase ACtM share price in the future? Will the mining community need to attract investors from further a field and how and where do you raise the profile of an exchange like bitfunder to attract new (and solvent) investors?

This is what I wanted to reply with, but I was trying to be nice about it.  LOL 

How many more semi-rhetorical questions will Lorenzo ask? Will he ask them on here or on another thread? How will that impact his understanding of the future of BTC? Can we ever know what will happen even 2months down the line to the 'bitcoin economy' ie bitfunder (?). Do we know where this will end? Where was the beginning? Should we give up now? Someone stop me please.

What a joke!  Two days ago someone bought 2,000,000 shares.  Yesterday I noticed another million just vanish from the total being offered but with no purchase evident.  And now neary 5,000,000 mysteriously gobbled up.  It seems that the average purchase is about 10,000 shares, so another 600 of them and they've made the first round! Lol. Having said that I suspect DeaDTerra has another plan up his sleeve.  What a party I could have over there if I was a fudster, but sadly it's not in my nature.

How do we know the owners aren't buying up IPO shares just to make it appear popular?  Deadterra could be using this snowball effect to attract real investors. 

There were more shares issued on BF, and people prefer BTCT.  The gap is the result of supply/demand


I don't think that's our business...


That's a question you could ask about ANY stock.  Yes, there will always be profit taking as the share price goes up.  They won't necessarily cash out at once, or at the same price.  They will act individually as they choose.


Yes, this goes for any industry.  


Stocks in the regulated world are normally traded on multiple exchanges as well.  Their price should generally be the same.  In this case you also have to take into account the difference in interface of one exchange over the other(whereas in the real world, the interface for 2 exchanges is probably your bank website).  If people generally like BTCT more than BF, then stocks will be in higher demand, especially if there is less issued shares as is the case with Activemining.  BTCT is simply better.  BF is messy and deposit/withdraws aren't as easy.




Dividends are weekly and investors will receive 100% until 0.0025 has been paid per share, at which point Ken will start to take profits as well from that.  

The fact that ActM is traded on two different exchanges leads to some interesting problems/ Problems in the math sort of a sense.

For example, what does it mean if the price on BTCT is very different from the price on ActM?  Is it a trend? a statistical variance of some sort? Since there is no way to transfer shares from one exchange to the other,  a big difference in the price of ActM from one exchange to the other could represent an opportunity for a quick and clever trader. It could just represent a shortage on one exchange. So, then, what is the true price of ActM? Does it make sense to trade ActM on two exchanges to take advantage of short term price differences? Does the market on one exchange respond to the price on the other exchange or does each act like a completely separate market?

Other issues are Who are the top 15 share holders? Will they have a say or vote or representation on the board in proportion to the number of shares they have? Are these big share holders people who own lots of shares of other mining companies or are they most invested in ActM?

right now, the price of ActM on Bitfunder is hovering around .005, what will happen when the price goes to .01? I set that as an arbitrary point where someone with at least 100K shares would have $100K US if the price of BTC is about $100. Is there some point where bit shareholders would all cash out? Does that matter to the price of ACtM for everyone?

ActM is different from all the other mining stocks on Bitfunder for a varietyof reasons, including how badly Ken and AMC got attacked on here initially. It seems none of the other recent IPOs got attacked as ruthless as as AMC. Yet, of all of them, only ActM has put a PR person in place and of all of them only AMC/ActM has had a CEO who was accessible by phone and chatted freely on IRC.  Also, some of the other IPOs on Bitfunder raised money for their companies through an IPO but only have mining equipment on order and have no plans to do anything other than mine on hardware which they have on order. Meaning, at some point, they will have to upgrade their hardware. It means that companies that are assembling their own mining equipment will always have an advantage. And, any company designing their own chips will have an advantage (if they can get the product finished and into working machines and mine before the competition).

The other issue is the overall Bitcoin economy. Right now, all the stocks and fund and bonds on Bitfunder, except for one, are mining related. There is one person who has a company related to the purchase and rental of real estate properties. He is using BF to raise bitcoin money which he is converting btc to USD and then investing in real estate and paying dividends from his revenue.

Everyone else is either making loans to mining companies or buying miners or mining on machines they already have or manufacturing mining equipment. At some point, mining will be less profitable, and the bitcoin economy will have to mature into real businesses. Oh! Yes! There is one company on BF that sells t-shirts with bitcoin logos. All the rest are mining related.

How will the bitcoin economy mature? Will other sorts of non-mining stocks finally emerge? How is the price of any stock affected by having it listed on two exchanges instead of one?

How does the fact that so many IPOs of new mining companies affect the price and future of ActM?

The otehr issue is why someone buys a stock. On one level, people buy BTC based stocks for the excitement and for the thrill of being part of something new. Some of us couldn'[t get into IPOs of FB or Apple or Google, so this is an exciting substitute. Also, we are hoping that whatever the price of ActM is now, that in a year, its price will go up. In a short time, G.AsicM went from .88 to 4.5. Imagine how much money some people made!

So some people bought ACtM because they are hoping that the price will go up. Some made money from short term rise in price. Others are holding on for the long term. But, another reason why people buy a stock is to make money from dividends. How often should there be dividends? How much of the income of ActM should go back into development of the company? How patient are we, the investors? Personally, I think all focus now should be on product development (which is exactly what is occurring).

It is only August and ActM has not existed very long at all. Neither really has bitcoin. What will happen next?

 

Thank you to everyone so far who have submitted a board seat request!  We didn't give a specific end date for applications because we were not sure how much interest we would garner.  Due to the overwhelming response, I would like to close the window for application submissions at 11:59pm on Sunday August 11th (EST -5).  Come Monday I will compile an easy to read document of all the apps for Ken to read.  Thanks again!

This is really cool, thanks for putting it together

Shareholders recap :

This whole thread has gone off-topic - its one thing discussing the delay of Avalon chips to ActM, but discussion has drifted to "is the $200mil investment in Avalon real?, omg LabCoin, omg BTCGarden"

The only update ActM can currently give us, is the update we've just received from Avalon. Chips are stuck with customs - they could be released imminently but just incase, more chips are being shipped via an alternative route next week. We can only hope some of these come to ActM, although from my understanding the boards are not 100% ready yet.

Now can we stay on topic please?

I'm explaining what's going on behind the scenes at ACTM and why Ken is too busy to wet-nurse the needy crybaby cultists on this thread.

BTW, your post is a content-free personal personal attack, and thus off topic.

But I won't hold my breathe waiting for Goody Stuartuk, Goody lewiki, or any other member of the Selective Outrage Committee to report it.         

Any idea exactly how much of their own ASIC power ActiveMining plans to bring online by november, or at least an expected minimum? 

It's hard to estimate the price of this stock without knowing how it'll stack up vs. it's competitors in Oct/November.

Dude, what the fuck are you doing here? Are you just like fucking with people or what?

The thing I keep thinking about regarding all these cringe-worthy Avalon/BFL delays and abysmal customer service, is that there is a massive opportunity to make a killing if you can provide relevant, capable mining hardware while retaining even a modicum of respect for your customers.

Here's to hoping ActM can capitalize.