Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 438. (Read 771542 times)

My advice to any panicked investors of BTC securities. (X r/bitcoinstocks)

First of all, for the sake of credibility, here's my story: I heard about Bitcoin several years ago but didn't buy in until around $50 earlier this year. I put it straight into AsicMiner shares at .7.
I day traded, picked up a few dozen more shares. Sold a bunch at the peak (around 4.9 on BF) and picked up a bunch of AMC shares at .0005. I sold about $12k worth for living expenses, all for above .005. In short I have an excellent record of buying low and selling at the peaks. I'm still holding 250,000 shares of ActM, 70 shares of AsicMiner, and maybe 35,000 of IceDrill. I've cashed out more USD than I ever put in initially.
And even though my portfolio value has "lost" 6 figures I'm still a happy shareholder. So what is going on right now? To the 48-BTC-loss guy from r/BitcoinStocks and anyone else who is down on their investment:
You haven't lost anything until you sell at an undervalued price. You own shares on an exchange that is being hammered by regulators, which is artificially driving down market value.
Don't bother looking at the price figures right now because they don't contain any useful information. Consider your stocks insoluble until a colored coin implementation pops up (which, with the latest push for development, should be any time now).
If you're in a position where you have extra coin to invest, I truly don't see the prices going any lower than they are now. I also think that once the new wave of investors start to get more familiar with the BTC space, we'll see share prices (at least of the companies that I mentioned) start to go up.
Don't get me started on how cheap stuff is on Havelock right now. (Particularly AM1 in my opinion, not trying to pump here at all though). BTC investors are so shortsighted that all it takes is a few weeks of withheld divs to bring the price down. Soon the divs will start coming back up, colored coins will come online, and the new investors will show up. It's going to be an excellent combo and I think anyone holding BTC securities is going to be very happy in the next few months. If you're lucky enough to be able to buy in Bitfunder right now I envy you.
Just my $.02, smart money is staying put and the smartest money hasn't even flinched.

You are indeed the re-hash king but my eyes grow heavy and I can't quite keep my self aw......


Zzzzzzzzzzz

Excluding the most optimistic shipping date from the range of possible outcomes is not a delay.

Anyone familiar with BTC ASICs knows better, expects the unexpected, and accounts for Hofstadter's Law.

HashFast customers now have more certainty and a firmer shipping date based on the updated, more accurate schedule.

OTOH, ACTM customers (all five of them) and investors (both of them) still know little to nothing about

1. Klondike status

2. FH chip specs (die size, dies per wafers per batch, etc).

3. FH chip schedule (batch size, timing, etc)

4. PR agent hire (promised last month)

5. balance sheet (promised last month)

6. Batcave status (lease signed?  $/sq ft?  $/kWhr?)


We know one share of IceDrill is worth 12MH/sec in mid-Nov.

We don't know how many MH/sec a share of ACTM represents, nor when it will be online.

You can redeem 120,000 shares of IceDrill for a 1.2TH Sierra with mid-Nov delivery.

You can't redeem 120,000 shares of ACTM for any amount of ASIC, with or without mid-Nov delivery.

Good news will result in a rapid recovery of share price.

0.001 isn't quite a recovery... !

0.001 isn't quite a recovery... !

Only 45,000 shares to take it to 0.001 btc per share on Bitfunder.

Goes to show that on good news the price will recover rapidly.

hashslow is already announcing delays, so give it up already

I always presumed "anticipated late October shipping" marketspeak translates into 'mid November actual shipping.'

There was never good reason to assume the most optimistic scenario would be the one to actually occur.

Only a noob ACTM investor would not account for Hofstadter's Law when pre-ordering ASICs.

In other news, the ACTM/IceDrill ratio has reached a record low, with ACTM crashing to .0006 and IceDrill recovering to .0008.

Why is this?

Because 120,000 IceDrill shares will get you 1.2TH of world-class HashFast hardware on a newly-solidified mid-Nov delivery schedule, while 120,000 ACTM shares won't get you anything (not even a clue as to if/when ACTM is shipping).

I always presumed "anticipated late October shipping" marketspeak translates into 'mid November actual shipping.'

There was never good reason to assume the most optimistic scenario would be the one to actually occur.

Only a noob ACTM investor would not account for Hofstadter's Law when pre-ordering ASICs.

In other news, the ACTM/IceDrill ratio has reached a record low, with ACTM crashing to .0006 and IceDrill recovering to .0008.

Why is this?

Because 120,000 IceDrill shares will get you 1.2TH of world-class HashFast hardware on a newly-solidified mid-Nov delivery schedule, while 120,000 ACTM shares won't get you anything (not even a clue as to if/when ACTM is shipping).

Because 120,000 IceDrill shares will get you 1.2TH of world-class HashFast hardware on a newly-solidified mid-Nov delivery schedule (with no MPP)

So bALLBREAKER has to wait for his machines.  Oh well, you win some you lose some.

Thanks!

So the deadline is December 1 then.

Ken, can we get an update on how we are going to get our shares out of bitfunder?

Only one week to go before deadline.

As of October 8, 2013, BitFunder is not assessing any new fees against any user BitFunder knows to be a U.S. person and whose account will be restricted in accordance with BitFunder's October 8, 2013 notice.

Users who are U.S. persons or users who fail for any reason to provide the information necessary to obtain "Verified" status are encouraged to transfer their shares from the BitFunder site to the respective issuer(s) no later than December 1, 2013.

As of December 2, 2013, BitFunder will initiate a transfer from the BitFunder site to the respective issuer(s) of any remaining shares held by any users that BitFunder knows to be U.S. persons or who did not obtain "Verified" status by December 1, 2013, and will provide the issuer(s) with the public bitcoin address associated with the user account. After transfer, each user will need to work with the issuer(s) with respect to the future treatment of the shares.

On December 2, 2013, all bitcoin balances in the accounts of users that BitFunder knows to be U.S. persons and users that did not obtain "Verified" status by December 1 will be transferred to their linked WeExchange accounts.

Thanks. There is also bitmine.ch.