ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 882.

aahzmundus

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Invest & Earn: https://cloudthink.io

ASICMINER Weekly Write-up 07/03/2013

Dividend: BTC0.02297025
Previous 5wk Avg: BTC0.0269764
Previous All Time Avg: BTC0.01655679625

Hashrate estimate: 29.46TH/s
Network percentage: 15.3%

Share Price: BTC4.77
7day low: BTC3.266
7day High: BTC5.17

Friedcat Updates:
No posts from Friedcat save for 3 confirmations on the number of shares held by specific individuals.

Noteworthy Information:

Rockxie, the distributor of ASICMINER products in China "leaked" some new information - Presentation - Translation
Jutarul, a large holder of ASICMINER shares, held a public fixed price auction of 1,000 shares at BTC4.5 - Auction Post
Rival posted some thoughts on the position and future of ASICMINER - Post

(http://www.asicminercharts.com/)

(http://runeks.dk/bitcoin/)

For more information on ASICMINER please visit https://asicminer.info/

Please send any comments, corrections, additions or suggestions to Aahzmundus.

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afro25

full member

Activity: 123

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Quote from: canth on July 04, 2013, 08:33:45 AM

Quote from: bobboooiie on July 04, 2013, 04:26:11 AM

So many weak hands, so much free money laying around and I have to be sleeping during all of that Angry

+1! I can't believe i slept through a dip like that.

Unfortunately I've had to sit through it and watch while I wait for payday.

Will grab a few more shares tomorrow evening if they're still going cheap!

canth

legendary

Activity: 1442

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Quote from: bobboooiie on July 04, 2013, 04:26:11 AM

So many weak hands, so much free money laying around and I have to be sleeping during all of that Angry

+1! I can't believe i slept through a dip like that.

foxykah

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Activity: 126

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Quote from: freedomno1 on July 04, 2013, 03:49:38 AM

Quote from: AMuppInTime on July 04, 2013, 03:46:43 AM

Quote from: foxykah on July 04, 2013, 03:27:11 AM

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Don't. We all have lost some skin, but it's meaningless in the end and we know it.

Second, let time do its thing and stop letting emotions affect your investments: don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself.

Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU.

Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that.

Fourth If its at 4.7 on BTCT come help me finish the darn 0.043 walls at havelock ha-ha arbitrage Cheesy

Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running
That's emotional investing logical would need good reasons such as fundamental changes to follow the crowd

I'm not going to kill myself, I only said that to show how I feel about my investment. I can afford to lose all my BTCs, but I can't afford to buy in now, when the prices are lower, so it is just frustrating to see my investment losing it's value day by day.
This is the train of profit, but not the time of profit.

stripykitteh

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Activity: 1176

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CryptoTalk.Org - Get Paid for every Post!

For me as a buy, hold and reinvest dinosaur I haven't seen anything in AM's recent performance to convince me my strategy is incorrect. Dividends were about where we thought they'd be, given there were no blades for sale last week. The share price going up made me feel a little giddy, sure, but it was inevitable it would go down at some point.

Put yourself in friedcat's shoes. When the share price soared over 5BTC, do you think he was thinking about selling a few thousand? Or do you think he was thinking about cool new ways for AM to kick arse?

My vision for AM in the long-term is as the leading player in mining hardware. As long as they appear to be fulfilling their destiny I will maintain my strategy.

freedomno1

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Activity: 1834

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Learning the troll avoidance button :)

Quote from: TsuyokuNaritai on July 04, 2013, 04:35:51 AM

Quote from: bobboooiie on July 04, 2013, 04:26:11 AM

So many weak hands, so much free money laying around and I have to be sleeping during all of that Angry

Yeah, it's annoying. Angry

I'll have to start leaving low bids ready when there might be a noob trap coming. From the altcoin markets I've learned to fear that in case some real disaster happens and I catch the falling knife in my sleep, but that's a lot less likely to happen with ASICMiner.

He-he if this pattern keeps occuring we might have to borrow BFL's 2 week motto for noob crashes Cheesy

TsuyokuNaritai

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Activity: 574

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Quote from: bobboooiie on July 04, 2013, 04:26:11 AM

So many weak hands, so much free money laying around and I have to be sleeping during all of that Angry

Yeah, it's annoying. Angry

I'll have to start leaving low bids ready when there might be a noob trap coming. From the altcoin markets I've learned to fear that in case some real disaster happens and I catch the falling knife in my sleep, but that's a lot less likely to happen with ASICMiner.

zhangxiongfei

newbie

Activity: 41

Merit: 0

Quote from: deadgiveaway on July 03, 2013, 09:07:20 PM

The reason why ASICM went down is because people are dumb, to put it plainly. I actually sold mid 4's two days ago because I knew peoples perceptions were wrong if they were thinking there was going to be a huge dividend today. Either way, we are still up a lot and now time to load up more shares. I can see ASICM falling more from here just because bearish sentiment scares weak investors. So be it, and let Bitcoin fall too so I can convert more worthless US dollars into Bitcoins and buy even more shares than I could before. Works out great for me. The weak investors can go run to the US stock exchange and have fun with that.. good luck you'll need it.

I totally agree with you

Luckybit

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Activity: 714

Merit: 510

Quote from: r3wt on July 04, 2013, 02:28:49 AM

ASIC miners killed bitcoin profitability. who knew.

Stop complaining and go mine PPC.

bobboooiie

hero member

Activity: 656

Merit: 500

So many weak hands, so much free money laying around and I have to be sleeping during all of that Angry

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: empoweoqwj on July 04, 2013, 03:59:37 AM

Quote from: foxykah on July 04, 2013, 03:27:11 AM

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Could have been much worse. You could have bought in at $266 ....

Bitcoin is notorious for bubbles and bursts because its almost entirely sentiment driven. People think its too high and it crashes and crashes, until all the "nervous types" i.e. non-professionals have sold out. Then the pros buy back in cheap, the price starts going up again, and the public joins in again.

The next bubble could we well over $266.

So $118 is really not that bad. There's a lot more upside from $118 than downside.

And if going from $118 to $70 was more than you could afford to lose then you disobeyed the first rule of investing.

Hang in there, it will turn around soon.

Well to be honest if we look at the previous history it probably will go lower but history does not always repeat itself
That's fine too there are a lot more developments occurring than the last time it went down
Winklevoss twins retailer networks more sites accepting bitcoin the San Jose Convention increasing number of meetups Cheesy

http://bitcoincharts.com/charts/mtgoxUSD#rg1460ztgSzm1g10zm2g25zv

So we may be among the few to say we were here in 2013 when 2015 pops by lol

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: foxykah on July 04, 2013, 03:27:11 AM

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Could have been much worse. You could have bought in at $266 ....

Bitcoin is notorious for bubbles and bursts because its almost entirely sentiment driven. People think its too high and it crashes and crashes, until all the "nervous types" i.e. non-professionals have sold out. Then the pros buy back in cheap, the price starts going up again, and the public joins in again.

The next bubble could we well over $266.

So $118 is really not that bad. There's a lot more upside from $118 than downside.

And if going from $118 to $70 was more than you could afford to lose then you disobeyed the first rule of investing.

Hang in there, it will turn around soon.

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: AMuppInTime on July 04, 2013, 03:53:52 AM

Quote from: freedomno1 on July 04, 2013, 03:49:38 AM

Quote from: AMuppInTime on July 04, 2013, 03:46:43 AM

Quote from: foxykah on July 04, 2013, 03:27:11 AM

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Don't. We all have lost some skin, but it's meaningless in the end and we know it.

Second, let time do its thing and stop letting emotions affect your investments: don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself.

Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU.

Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that.

Fourth If its at 4.7 on BTCT come help me finish the darn 0.43 walls at havelock ha-ha arbitrage Cheesy

Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running
That's emotional investing logical would need good reasons such as fundamental changes

I only trust BTC-TC for trading purpose. Havelock appears foreign to me right now.

Lightbox has delivered for me I have used Canbit before and never had an issue
With havelock no issues as well less that DDOS today ha-ha but he just doesn't advertise much
I can see why btc-tc is preferred though it has more stocks too
And evil people putting overvalued options he-he

Edit In: Exchange arbitrage can be sexy though since its all the same ASICminer

AMuppInTime

donator

Activity: 290

Merit: 250

Quote from: freedomno1 on July 04, 2013, 03:49:38 AM

Fourth If its at 4.7 on BTCT come help me finish the darn 0.43 walls at havelock ha-ha arbitrage Cheesy

Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running
That's emotional investing logical would need good reasons such as fundamental changes

I only trust BTC-TC for trading purpose. Havelock appears foreign to me. Plus woah trading on multiple platforms appear to be a whole new ball-game, arbitrage plays have too many points of failure for me right now.

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: AMuppInTime on July 04, 2013, 03:46:43 AM

Quote from: foxykah on July 04, 2013, 03:27:11 AM

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Don't. We all have lost some skin, but it's meaningless in the end and we know it.

Second, let time do its thing and stop letting emotions affect your investments: don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself.

Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU.

Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that.

Fourth If its at 4.7 on BTCT come help me finish the darn 0.043 walls at havelock ha-ha arbitrage Cheesy

Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running
That's emotional investing logical would need good reasons such as fundamental changes to follow the crowd

AMuppInTime

donator

Activity: 290

Merit: 250

Quote from: foxykah on July 04, 2013, 03:27:11 AM

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Don't. We all have lost some skin, but it's meaningless in the end and we know it.

Second, let time do its thing and stop letting emotions affect your investments: don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself.

Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU.

Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that.

JordanL

donator

Activity: 294

Merit: 250

Quote from: foxykah on July 04, 2013, 03:27:11 AM

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Can I have your shares? Tongue

Come back to this post in two months and see how this investment is doing for you. Wink

superduh

hero member

Activity: 602

Merit: 500

Quote from: Eric Muyser on July 04, 2013, 02:56:04 AM

Quote from: superduh on July 04, 2013, 02:34:39 AM

Quote from: Eric Muyser on July 04, 2013, 12:40:26 AM

Quote from: superduh on July 04, 2013, 12:35:23 AM

well it could "rise" by the % drop vs USD.. but his ratio is 50x. i think that was a mistake

Oh my...

I simply cannot comprehend the amount of fail on this page.

You don't understand percentages, superduh?

You think AM is some magical hedge where everyone will take very little return and we will just magically keep it hedged, deadgiveaway?

Off to la la land...

dont be afraid of people smarter than you
no i dont think AM is a perfect hedge. nothing is.
you make a bunch of assumptions that may be true today but not in a couple months. in the future AM will likely pay it's vendors in bitcoins directly.
think outside your box. it's an imperfect market but, yes AM hedges against the fall in the USD prices

500% is 5x and it was not a mistake. Oh so very smart you are.

my bad..... i misread. i thought he said drops by 10-15%, after re-reading it i realized he said 10-15% of it's current value. so yes, you are right it is 5x and it's still a wrong assumption (which we both agree on)

foxykah

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Activity: 126

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It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

foxykah

full member

Activity: 126

Merit: 100

So I lost 35% on BTC/USD price drop, and 6% on AM price drop. Fine.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 882. (Read 3917468 times)