Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 773. (Read 3917635 times)

Quote from: Vycid on August 21, 2013, 05:58:40 PM

Worse, he just dropped the price to 2.7 BTC. I admit - I'm surprised it's that low and I predict that they get snapped up in < 24 hours. It feels like a forced sell due to needing funds in a short period of time.

If he was an early buyer, that's not that bad of a move, I think. He probably reached ROI from dividends and is just cashing in some huge benefits now.
Which makes me sad with my 2 shares bought for 4.7 each. Grin

I don't care, I was willing to be part of the mining effort, without the hassle.
And while FC manages to keep a decent part of the global mining rate, I'm staying.
Not to get rich. Just to add my puny power, to help bitcoin blowing banks away.

I bought the majority of shares between 1.5 and 2.5 and dumped 50% when it reached the high 4s - I've made enough profit that about the worst I can do is break even if AM plunges to near zero. I agree, there are definitely all kinds of reasons for entry and exit points into the market.

canth

legendary

Activity: 1442

Merit: 1001

You'd better start assimilating new information before it's too late. There is a reason somebody would dump millions USD at 'below market'- he knows it won't sell at current prices. The whales don't believe in AM anymore and there was never 160M of value here.

Well, in this one transaction we're talking about 1000 * 2.7BTC or ~ $297,000 at today's prices. I'd say he's giving up about $100K by not waiting until the price bounces back, but time will tell if the millions get dumped, as you suggest they will.

tinus42

hero member

Activity: 784

Merit: 501

Quote from: Vycid on August 21, 2013, 05:58:40 PM

There is an fixed price auction @2.9 with over 1000 shares:

https://bitcointalksearch.org/topic/auction-1000-asicminer-direct-shares-fixed-price-279016

Hey, is 1000 more than 400?

Worse, he just dropped the price to 2.7 BTC. I admit - I'm surprised it's that low and I predict that they get snapped up in < 24 hours. It feels like a forced sell due to needing funds in a short period of time.

You'd better start assimilating new information before it's too late. There is a reason somebody would dump millions USD at 'below market'- he knows it won't sell at current prices. The whales don't believe in AM anymore and there was never 160M of value here.

Correction: one whale doesn't believe in it anymore or he needs funds desperately for some reason. Don't see any other mass dumping on the Auctions board.

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

Worse, he just dropped the price to 2.7 BTC. I admit - I'm surprised it's that low and I predict that they get snapped up in < 24 hours. It feels like a forced sell due to needing funds in a short period of time.

If he was an early buyer, that's not that bad of a move, I think. He probably reached ROI from dividends and is just cashing in some huge benefits now.
Which makes me sad with my 2 shares bought for 4.7 each. Grin

I don't care, I was willing to be part of the mining effort, without the hassle.
And while FC manages to keep a decent part of the global mining rate, I'm staying.
Not to get rich. Just to add my puny power, to help bitcoin blowing banks away.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

There is an fixed price auction @2.9 with over 1000 shares:

https://bitcointalksearch.org/topic/auction-1000-asicminer-direct-shares-fixed-price-279016

Hey, is 1000 more than 400?

Worse, he just dropped the price to 2.7 BTC. I admit - I'm surprised it's that low and I predict that they get snapped up in < 24 hours. It feels like a forced sell due to needing funds in a short period of time.

You'd better start assimilating new information before it's too late. There is a reason somebody would dump millions USD at 'below market'- he knows it won't sell at current prices. The whales don't believe in AM anymore and there was never 160M of value here.

bobboooiie

hero member

Activity: 656

Merit: 500

He downed the price to 2.7

canth

legendary

Activity: 1442

Merit: 1001

There is an fixed price auction @2.9 with over 1000 shares:

https://bitcointalksearch.org/topic/auction-1000-asicminer-direct-shares-fixed-price-279016

Hey, is 1000 more than 400?

Worse, he just dropped the price to 2.7 BTC. I admit - I'm surprised it's that low and I predict that they get snapped up in < 24 hours. It feels like a forced sell due to needing funds in a short period of time.

lophie

hero member

Activity: 924

Merit: 1003

Unlimited Free Crypto

I have tears in my eyes because I don't have coins to buy those shares....... Lets just see the divs and update and then the flood will come....

MrMochi

newbie

Activity: 49

Merit: 0

Quote from: canth on August 21, 2013, 03:13:54 PM

Hey, is 1000 more than 400?

Haha even though my blood is in the streets that comment had me laughing.
Well played on all fronts.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: AMuppInTime on August 21, 2013, 01:16:06 PM

@canth
I'm loving the shakeup. I got back onboard at 3.7 - and after seeing everyone freak out about low divs or other IPOs, I am glad to see the weak hands leave the boat.
In the end, some play it speculatively, others invest.

Yup - I've got no problem with the panic sells (of a few shares). The real price for any share is what you can sell > 0.1% of the shares for, in the case of AM at least 400. I don't remember seeing more than a few shares go for over 5 BTC nor do I think that anyone would sell 400 shares for under 3.5 BTC today. It's funny because this scenario is even more exaggerated on other stocks that don't frequently trade as much volume as AM does. Then people REALLY freak when the price plunges or takes off, even though only a few shares traded hands.

In general, as much as the prices fluctuate and as much as there's a noisy minority of disruptive shareholders posting incendiary crap, the majority of investors seem comfortable to buy and hold. If they didn't, the share volume traded would be much higher. I'm looking forward to seeing what kind of an operation Friedcat (and his competition) will be running in 6-12 months or more.