Is it gonna be like this every week now?
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 883. (Read 3917468 times)
The Wonderful World of Wildcat Wednesdays!
Is it gonna be like this every week now?
Is it gonna be like this every week now?
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...
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.
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...
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
ASIC miners killed bitcoin profitability. who knew.
Well I'm broke buying too many cheap shares ^^
Wish I had more so I could keep noming
Now I need to look forward to when the real units come out
Fundamentals are no different price did drop like a tank but I'm long bit
Wish I had more so I could keep noming
Now I need to look forward to when the real units come out
Fundamentals are no different price did drop like a tank but I'm long bit
At 3.61 BTC per share and a weekly mining dividend of 0.015, AM is 22% APR with absolutely NO HARDWARE SALES included.
LOL shit just got stupid cheap.
LOL shit just got stupid cheap.
I wish I had more float to buy between 3.3 and 3.9: hamburger time right now.
why is AM just hit 3.95?
Who in the world sold for that?
Who in the world sold for that?
Some people thought people would sell off cuz of the BTC price drop. So they sold off and thus caused a panic when others saw the fall in price.
It is just good old fashion price manipulation. The fundamentals did not change.
What fundamentals? AM has published exactly ZERO reports. Nobody knows wtf is really going on.
Why are they keeping AM numbers secret? Those mh/s based estimates of AM's financial state are, mildly put, brain farts.
Until friedcat has not published complete financial reports, we have no idea what AM is worth. It can be 0.01 BTC or 5.
Quote from: deadgiveaway
In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%.
That would be a share price of ~25 BTC. Given that there are 400K outstanding shares that would be 10M BTC. Or nearly every BTC ever mined until today. Not going to happen
At 3.61 BTC per share and a weekly mining dividend of 0.015, AM is 22% APR with absolutely NO HARDWARE SALES included.
LOL shit just got stupid cheap.
LOL shit just got stupid cheap.
Liquidity is also crap if you want to trade any more than 10 or so shares on the passthroughs.
why is AM just hit 3.95?
Who in the world sold for that?
Who in the world sold for that?
Happy with our dividends and not surprised at all the share price is settling.
Id buy back in at 2.5 so I expect the price to stay at 3 to 3.5 because the universe is against me
Id buy back in at 2.5 so I expect the price to stay at 3 to 3.5 because the universe is against me
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...
well it could "rise" by the % drop vs USD.. but his ratio is 50x. i think that was a mistake
all of you are fucking idiots.
they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%.
Are you on the crack?
Sorry if that's offensive but I don't know any more elegant way to express my confusion. I'm sure you're not on crack but I'm confused by this logic because it's illogical.
I think most people have agreed his statement isn't logical. Again, some people here are still thinking AM shares are some kind of magical hedge against the drop in value of BTC. If they want to keep thinking that, that's fine.
Whether he's on crack or not, its hard to judge from his words alone. I can't tell if he is jittery or not
they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%.
Are you on the crack?
Sorry if that's offensive but I don't know any more elegant way to express my confusion. I'm sure you're not on crack but I'm confused by this logic because it's illogical.
they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.
that still wouldn't make sense. as long as BTC is worth anything, and there is liquidity, then AM share value against the dollar will sustain. In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%.
I don't agree with that statement. AM's assets are *primarily* in the field of producing bitcoins, its a bitcoin business. Sure they could sell off this power supply or that floor space, but in the end, I'm sure 90% of their assets, physical or intellectual are directly tied to bitcoins.
Of course smart people will take advantage of the current sell-off and end up with a lot more bitcoins. But whether they choose to use those bitcoins to force the price up of AM to 10+ or something ridiculous, time will tell. I don't think they will.
Was there something illogical about what I said?
Yup
Quote from: deadgiveaway
In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%.
How do you figure that? If BTC drops to $10 then AM will make no profit at all - everything will go into electricity and operating costs.
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