ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 687.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: Aedius on September 23, 2013, 01:59:00 PM

Quote from: Lohoris on September 23, 2013, 01:50:32 PM

By the way, as Warren Buffet says, "be fearful when others are greedy, be greedy when others are fearful".
Apparently with AM people are always greedy, regardless it's going up or down.
So vycyd is the only one following this wise advice, so far (at least, publicly).
And he's making huge profits (I guess).
gg to him.

You're completely misinterpreting the quote if you think now is the time to sell. The time to sell was 4-5 BTC/shares when people were being greedy and many prescient people did that. Everyone is being fearful now which makes it a good time to buy. If ASICMINER only paid out a .01 dividend per week going forward, you would be getting 38.5% yield at a share price of 1.35. Personally I think ASICMINER will be able to pay a higher dividend but only time will tell.

I don't think I am.

People are greedy even now, so you should be fearful.

Worth quoting again:

Quote from: runeks on September 23, 2013, 05:34:42 AM

People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

superduh

hero member

Activity: 602

Merit: 500

anyone on here selling direct shares at around current btct prices?

Aedius

newbie

Activity: 57

Merit: 0

Quote from: Lohoris on September 23, 2013, 01:50:32 PM

By the way, as Warren Buffet says, "be fearful when others are greedy, be greedy when others are fearful".
Apparently with AM people are always greedy, regardless it's going up or down.
So vycyd is the only one following this wise advice, so far (at least, publicly).
And he's making huge profits (I guess).
gg to him.

You're completely misinterpreting the quote if you think now is the time to sell. The time to sell was 4-5 BTC/shares when people were being greedy and many prescient people did that. Everyone is being fearful now which makes it a good time to buy. If ASICMINER only paid out a .01 dividend per week going forward, you would be getting 38.5% yield at a share price of 1.35. Personally I think ASICMINER will be able to pay a higher dividend but only time will tell.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

By the way, as Warren Buffet says, "be fearful when others are greedy, be greedy when others are fearful".
Apparently with AM people are always greedy, regardless it's going up or down.
So vycyd is the only one following this wise advice, so far (at least, publicly).
And he's making huge profits (I guess).
gg to him.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: VeeMiner on September 23, 2013, 06:59:48 AM

why not just keep them? You're not providing a single good reason for selling this cheap... You will still get the dividends regardless of the actual price on the market. And once friedcat comes with Gen 2 you will be happy that you haven't sold.

Because I've no longer have so much trust on AM as I had before, and because psycology is strange: I hate to have missed the opportunity to make big gains, but I'd hate even more to actually take losses. So I'm selling at a price that would make me go on par (and this would still mean I've partially "lost" the time I've spent in doing this trades).

But... I'm partially convinced I could wait a bit after all, so I've slashed the sell to only ~half of my shares.
(not that I think the order will actually get filled)

jgarzik

legendary

Activity: 1596

Merit: 1100

Quote from: jgarzik on March 21, 2013, 11:15:24 AM

How about this: make it possible for users to create their own decentralized exchange.

Register a bitcoin address for each shareholder, if not already. This enables the ability to authenticate cryptographically signed digital messages. See this stackexchange answer for a guide. Most bitcoin clients support signing messages. Registering a GPG key for each shareholder is an alternative, though that requires additional software beyond a bitcoin client.
Publicly declare a bitcoin address and GPG key for official ASICMINER messages.
Publicly declare an email address for emailing ASICMINER robot
At the end of every day, ASICMINER robot produces a message listing all shareholders, by key and share count. Attach bitcoin and GPG digital signatures.
To trade ASICMINER shares, the seller sends a digitally-signed message "transfer N shares to bitcoin address FOO" to the ASICMINER robot.

That is all that is needed on the ASICMINER side: maintain a shareholder registry. changes to the shareholder registry may be both pseudonymous and secure.

Then anyone may build an exchange that trades shares. Anyone may trade ASICMINER shares at any time, using this method.

Re-posting via quote, given today's BTCT business.

Having a publicly auditable share registry is important.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: prancing_around on September 23, 2013, 09:04:53 AM

Any idea what will happen to the fractional shares? I have about 80, I'm contemplating selling them and throwing in some coin to buy a full share.

They will be transfered to either Bitfunder of Havelock. TAT, the operator of the fractional PT on BTCT operates similar PT's on those other two exchanges. You can find his post in the thread of the PT.

prancing_around

newbie

Activity: 30

Merit: 0

Any idea what will happen to the fractional shares? I have about 80, I'm contemplating selling them and throwing in some coin to buy a full share.

Otaci

newbie

Activity: 41

Merit: 0

Note that the shares on BTCT (specifically TAT.ASICMINER) are pass-throughs, not the direct shares. Wish I'd bought some though, trading in them has now been suspended.

EDIT: trading has been suspended because the issuer plans to transfer them to another exchange. Great news.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: velacreations on September 23, 2013, 08:47:59 AM

as far as I know, AM is the only security on BTCT that has a direct shares system in place and ready to go. They are by far the safest security on BTCT to own.

A "direct shares system" isn't much more than a list of address coupled with share counts and someone willing to make changes to it when requests come in.

BTCT sends out daily emails with such lists to all asset-issuers, so in principle any security could go "direct shares" at a moments notice. What matters is how trustworthy the asset issuer is. There are some securities on BTCT where I trust the issuer to handle matters properly, so I've been buying budget-shares in those.

Aedius

newbie

Activity: 57

Merit: 0

Picked up some shares. ASICMINER is definitely the safest security to own on BTCT and the recent panic-selling has made it very inexpensive.

velacreations

sr. member

Activity: 476

Merit: 250

as far as I know, AM is the only security on BTCT that has a direct shares system in place and ready to go. They are by far the safest security on BTCT to own.

lano1106

member

Activity: 112

Merit: 10

Quote from: SOSLOVE868 on September 23, 2013, 06:59:42 AM

Quote from: Lohoris on September 23, 2013, 06:53:13 AM

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

I got exactly the same feeling , ahead of BTCT closing , I am more confusing about my AM shares.

psychology is really weird. And this is exactly right after a majority of investors have gone through this process that the share price start to go up....

puck2

full member

Activity: 234

Merit: 105

Quote from: Monarch on September 23, 2013, 08:13:05 AM

Dear fellow investors,

seems like we finally have ASICMINER's live hashrate meter

Code:

http://erpao.info/#

*but its just leak from chinese guy again, not official, thank you tinyfox266

Now we *know that approx ~4528 blades are hashing, everything else is just a luck or bad luck.

Also ASICMiner-PR account was recently created. I hope, it will be used for regular company updates like Friedcat did in past as soon as possible.

Thank you AM & keep up the good work.

Great... also looks like the 7 day average here http://www.asicminercharts.com/ has been pretty accurate.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: BitThink on September 23, 2013, 06:26:44 AM

Friedcat does not even have our addresses.

yes he does, he gets emailed the list every day.

Monarch

newbie

Activity: 16

Merit: 0

Dear fellow investors,

seems like we finally have ASICMINER's live hashrate meter

Code:

http://erpao.info/#

http://img809.imageshack.us/img809/476/x66a.jpg

*but its just leak from chinese guy again, not official, thank you tinyfox266

Now we *know that approx ~4528 blades are hashing, everything else is just a luck or bad luck.

Also ASICMiner-PR account was recently created. I hope, it will be used for regular company updates like Friedcat did in past as soon as possible.

Thank you AM & keep up the good work.

supert

full member

Activity: 160

Merit: 100

Quote from: Lohoris on September 23, 2013, 06:53:13 AM

Quote from: runeks on September 23, 2013, 05:34:42 AM

Quote from: circuitry on September 23, 2013, 05:22:11 AM

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.

People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

Lol much true.

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

And lo, support becomes resistance. Psychology never changes.

If it's any consolation, I had the exact same process. I had all ready to sell at 5 and it reached 4.8 (doh).

I'm holding now as I think they're cheap and they pay a dividend so I'm being paid to wait.

VeeMiner

hero member

Activity: 752

Merit: 500

bitcoin hodler

Quote from: Lohoris on September 23, 2013, 06:53:13 AM

Lol much true.

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

why not just keep them? You're not providing a single good reason for selling this cheap... You will still get the dividends regardless of the actual price on the market. And once friedcat comes with Gen 2 you will be happy that you haven't sold.

SOSLOVE868

sr. member

Activity: 378

Merit: 250

Quote from: Lohoris on September 23, 2013, 06:53:13 AM

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

I got exactly the same feeling , ahead of BTCT closing , I am more confusing about my AM shares.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: runeks on September 23, 2013, 05:34:42 AM

Quote from: circuitry on September 23, 2013, 05:22:11 AM

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.

People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

Lol much true.

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 687. (Read 3917468 times)