[ActiveMining] The Official Active Mining Discussion Thread - page 231.

BitcoinBaBa

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I had bought a good bunch of shares on btct at 0.0025. Was away for a while and now when i check my account it has shot up to .007 already and going strong!
Did the celebratory gangnam style and went back to my seat to go through all the posts i had missed in this thread.It seems Active Mining has some serious potential which I had earlier underestimated. If all goes as planned we will be looking forward to some pretty impressive dividends down the line .It is just the beginning and am very excited to see how the future unfolds . All the best to Ken and all fellow shareholders.

vlaoou321

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BTC

sayaz

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Thats because AMC is worth 100 million shares. It just means if you tendors so many shares that you filled the 10 million out of 25 for ActiveMining you wouldn't be able to tender anymore.

So in this case its fine for AMC + Activemining + Activemining btc co > 10,000,000 in total
where Active Mining + Active mining btc co < 10,000,000

vlaoou321

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Quote from: stenkross on July 28, 2013, 08:29:16 AM

Quote from: vlaoou321 on July 28, 2013, 07:49:47 AM

BITFUNDER owns 12,000,000 shares, BTCT owns 2.9 million shares

That makes ~15 million shares totally, so I think you are wrong (should be < 10 million total).
But still, there's a lot more shares on BF than on BTCT, and some of them were bought at 20% of BTCT IPO price, which also makes a difference.

You can check BITFUNDER AMC has 6.4 million shares, ATCM 5941329 shares. BTCT ATCM has 2,950,029

stenkross

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Quote from: vlaoou321 on July 28, 2013, 07:49:47 AM

BITFUNDER owns 12,000,000 shares, BTCT owns 2.9 million shares

That makes ~15 million shares totally, so I think you are wrong (should be < 10 million total).
But still, there's a lot more shares on BF than on BTCT, and some of them were bought at 20% of BTCT IPO price, which also makes a difference.

vlaoou321

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Quote from: Mabsark on July 28, 2013, 07:27:44 AM

Quote from: drdanishkhan on July 28, 2013, 06:53:30 AM

Such low volumes on bitfunder.. actually thinking of selling all and migrating to btct for volume.. is everybody taking a day off from trading this Sunday?? Undecided

I don't know why some people here are claiming that BitFunder has such low volume compared to BTC-TC. We can clearly see that the 24 hour volume for Active Mining on BTC-TC is 790.3 BTC while on BitFunder it is 735.24 BTC. That's not the end of the story though. AMC is still alive on BitFunder and people are still buying it. The 24 hour volume for AMC is 249.038 BTC. If you add the volume for Active Mining and AMC together, then you get 984.278 BTC, which is a fair bit higher than that on BTC-TC.

BITFUNDER owns 12,000,000 shares, BTCT owns 2.9 million shares

drdanishkhan

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i gues people buy en mass on bitfunder.. more like panic buyin. on btct its more of a regular interval kinds.. imo.. Roll Eyes

finlof

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Quote from: Mabsark on July 28, 2013, 07:27:44 AM

Quote from: drdanishkhan on July 28, 2013, 06:53:30 AM

Such low volumes on bitfunder.. actually thinking of selling all and migrating to btct for volume.. is everybody taking a day off from trading this Sunday?? Undecided

I don't know why some people here are claiming that BitFunder has such low volume compared to BTC-TC. We can clearly see that the 24 hour volume for Active Mining on BTC-TC is 790.3 BTC while on BitFunder it is 735.24 BTC. That's not the end of the story though. AMC is still alive on BitFunder and people are still buying it. The 24 hour volume for AMC is 249.038 BTC. If you add the volume for Active Mining and AMC together, then you get 984.278 BTC, which is a fair bit higher than that on BTC-TC.

especially given the price difference

Mabsark

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Quote from: drdanishkhan on July 28, 2013, 06:53:30 AM

Such low volumes on bitfunder.. actually thinking of selling all and migrating to btct for volume.. is everybody taking a day off from trading this Sunday?? Undecided

I don't know why some people here are claiming that BitFunder has such low volume compared to BTC-TC. We can clearly see that the 24 hour volume for Active Mining on BTC-TC is 790.3 BTC while on BitFunder it is 735.24 BTC. That's not the end of the story though. AMC is still alive on BitFunder and people are still buying it. The 24 hour volume for AMC is 249.038 BTC. If you add the volume for Active Mining and AMC together, then you get 984.278 BTC, which is a fair bit higher than that on BTC-TC.

vlaoou321

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Quote from: Plazma on July 28, 2013, 07:16:23 AM

One people get their money from s dice it will equal out

AGREE

joris

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Who wants to effectively transfer shares from BF towards BTCT, could create a parallel passtrough.

Plazma

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One people get their money from s dice it will equal out

vlaoou321

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Quote from: drdanishkhan on July 28, 2013, 06:53:30 AM

Such low volumes on bitfunder.. actually thinking of selling all and migrating to btct for volume.. is everybody taking a day off from trading this Sunday?? Undecided

BF will keep coming
Only K can only free conversion

drdanishkhan

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Such low volumes on bitfunder.. actually thinking of selling all and migrating to btct for volume.. is everybody taking a day off from trading this Sunday?? Undecided

Stuartuk

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Quote from: ?? on ??

Quote from: VolanicEruptor on July 28, 2013, 12:48:48 AM

its just a mailing address.

The same address used by dozen of other companies (many involved in fraud). I'm sure you can understand my concern. Why is he using a UK remailer if the office is in the US?

Yes this was brougt up over several pages on the original AMC thread (now dead). The reason for having a UK 'office' was not officially stated but it must be to do with the Belize registration. I would think to register an offshore company in Belize you need to give a 'home office' address. Now Ken can't give a US address as that would defeat the purpose of off shore registration - the idea is to protect the company from possible restrictive US legislation. So a non-US address was needed and this is it - a popular London mail forwarding house.

Now it is true a lot of scammers use these mail boxes to stay anonymous, but so do a lot of legitimate businesses but for the above mentioned reason. Ken is not anonymous, we know a lot about him so he is clearly not using a mail box for the reason that a fraud artist would.

Disclaimer- By the way that is my personal opinion it is not the official position of AMC or Active Mining which may well be UK based and operate from UK soil in good faith.

ffssixtynine

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There is less volume but bitfunder has two advantages:

- you can get your bitcoin out easier, even it you do have to go through the awful weexchange.

- Bitfunder have a more legally informed approach whilst still being unregulated. If one exchange got taken down first, it would likely be btct if you've been following the relevant threads.

Btct publish shareholders to the issuers but your shares would certainly be locked up for a while.

Btct has two advantages:

- higher volume

- faster to get your bitcoin in (3 confirmations vs 6)

You could go 50:50 across exchanges so if one goes down then you keep some liquidity. I'm more on Bitfunder myself.

ArcticWolf

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Quote from: bigdude on July 28, 2013, 06:12:15 AM

Quote from: ArcticWolf on July 28, 2013, 05:54:30 AM

Quote from: stenkross on July 28, 2013, 05:50:23 AM

A dumb question:
How will the arbitrage traders move their shares from BF --> BTCT (or other way) without Ken?

You will have to sell, tranfser coin, then rebuy on the other exchange

Yes, but then all your shares are on BF, which seems to have a constant lower price.

So you sell on btct, move bitcoins to BF, by a larger amount of shares on BF, but which then have a lower price anyway, so value is the same.

Am I missing something?

Thats correct. Without having some way to transfer between exchanges you dont really gain much, unless the price on Bitfunder spikes over btc-tc at some point

bigdude

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Dolphins Finance TRUSTED FINANCE

Quote from: ArcticWolf on July 28, 2013, 05:54:30 AM

Quote from: stenkross on July 28, 2013, 05:50:23 AM

A dumb question:
How will the arbitrage traders move their shares from BF --> BTCT (or other way) without Ken?

You will have to sell, tranfser coin, then rebuy on the other exchange

Yes, but then all your shares are on BF, which seems to have a constant lower price.

So you sell on btct, move bitcoins to BF, by a larger amount of shares on BF, but which then have a lower price anyway, so value is the same.

Am I missing something?

vlaoou321

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111

ArcticWolf

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Quote from: stenkross on July 28, 2013, 05:50:23 AM

A dumb question:
How will the arbitrage traders move their shares from BF --> BTCT (or other way) without Ken?

You will have to sell, tranfser coin, then rebuy on the other exchange

Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 231. (Read 479475 times)