ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 884.

deadgiveaway

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Quote from: ThickAsThieves on July 03, 2013, 11:28:45 PM

Quote from: deadgiveaway on July 03, 2013, 11:16:46 PM

Quote from: romerun on July 03, 2013, 11:01:26 PM

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%.

C'mon now...

Was there something illogical about what I said?

ThickAsThieves

hero member

Activity: 518

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Quote from: deadgiveaway on July 03, 2013, 11:16:46 PM

Quote from: romerun on July 03, 2013, 11:01:26 PM

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%.

C'mon now...

SOSLOVE868

sr. member

Activity: 378

Merit: 250

Quote from: deadgiveaway on July 03, 2013, 11:16:46 PM

Quote from: romerun on July 03, 2013, 11:01:26 PM

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%.

They believe the capital growth + dividend growth of AM , is far below than the speed of Price decrease of BTC itself...
They believe selling their shares right now ,equal to more coins later and since AM share price is correlated with BTC/USD ,thus AM shares also will decrease in the future...Thus they can get more shares and more BTC in the foreseeable future...

deadgiveaway

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Quote from: romerun on July 03, 2013, 11:01:26 PM

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%.

Franktank

hero member

Activity: 560

Merit: 500

Quote from: Pierre on July 03, 2013, 10:31:50 PM

Quote from: empoweoqwj on July 03, 2013, 09:22:30 PM

Yep, the BTC slide feels nasty but hopefully its "cheaper hamburger" time.

I hope the prices drop more, I'm not done buying hamburgers yet!

friedcat can haz cheeseburger?

freedomno1

legendary

Activity: 1834

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Learning the troll avoidance button :)

Quote from: blackreplica on July 03, 2013, 11:11:14 PM

Quote from: romerun on July 03, 2013, 11:01:26 PM

they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.

This is the most likely answer IMO

I agree but at the same time this presents an opportunity to build up more bitcoins
The company itself hasn't changed
The question is if you are believer in the idea that bitcoins will have a value in the long run or if you want to cash out now and leave the market to decide like 2011

http://www.guardian.co.uk/commentisfree/2013/jul/03/bitcoin-sells-out-winklevoss-twins

blackreplica

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Quote from: romerun on July 03, 2013, 11:01:26 PM

they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.

This is the most likely answer IMO

freedomno1

legendary

Activity: 1834

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Learning the troll avoidance button :)

Quote from: empoweoqwj on July 03, 2013, 10:59:48 PM

Quote from: Pierre on July 03, 2013, 10:31:50 PM

Quote from: empoweoqwj on July 03, 2013, 09:22:30 PM

Yep, the BTC slide feels nasty but hopefully its "cheaper hamburger" time.

I hope the prices drop more, I'm not done buying hamburgers yet!

Its a double-edged sword buying cheap hamburgers, sorry if that is too much of a mixed metaphor, its early here.

Don't worry their Ecoli free the cat fried them first

romerun

legendary

Activity: 1078

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Bitcoin is new, makes sense to hodl.

they dumped AM to dump BTC to get fiat, coz they know btc is heading for 30, that's why.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Pierre on July 03, 2013, 10:31:50 PM

Quote from: empoweoqwj on July 03, 2013, 09:22:30 PM

Yep, the BTC slide feels nasty but hopefully its "cheaper hamburger" time.

I hope the prices drop more, I'm not done buying hamburgers yet!

Its a double-edged sword buying cheap hamburgers, sorry if that is too much of a mixed metaphor, its early here.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: madams on July 03, 2013, 10:27:31 PM

Quote from: empoweoqwj on July 03, 2013, 09:39:15 PM

yeah, you can auction them but you certainly can't "play the stock-market" with them if they are direct.

I actually like the fact I can't "dabble" with my AM shares on the markets. Dabbling can lead to big losses as well as big gains. I'm settling for dabbling with "real" bitcoins instead, and investing for the long-term in AM.

"Dabbling can lead to big losses as well as big gains." Do you have a graph for that? Perhaps you should check your arse. Or is this just an observation? Grin

lol - you woke up still agitated. "Let go" my friend Grin

Pierre

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Quote from: empoweoqwj on July 03, 2013, 09:22:30 PM

Yep, the BTC slide feels nasty but hopefully its "cheaper hamburger" time.

I hope the prices drop more, I'm not done buying hamburgers yet!

madams

newbie

Activity: 25

Merit: 0

Quote from: empoweoqwj on July 03, 2013, 09:39:15 PM

yeah, you can auction them but you certainly can't "play the stock-market" with them if they are direct.

I actually like the fact I can't "dabble" with my AM shares on the markets. Dabbling can lead to big losses as well as big gains. I'm settling for dabbling with "real" bitcoins instead, and investing for the long-term in AM.

"Dabbling can lead to big losses as well as big gains." Do you have a graph for that? Perhaps you should check your arse. Or is this just an observation? Grin

SOSLOVE868

sr. member

Activity: 378

Merit: 250

Quote from: ?? on ??

Quote from: SOSLOVE868 on July 03, 2013, 09:26:22 PM

I hate my shares are direct shares.......It makes me stuck right here....

I've been selling off PT's in order to hold direct shares. If I hadn't just cleaned the last satoshi out of my wallets I'd offer to buy from you right now. In fact, if this dip in BTC holds, I might buy some more BTC/AM. You selling? No need to be stuck. All fair priced direct offerings that I've seen have been snapped up like candy thus far...

I think I will hold on these direct shares , because the price of PT dump so quickly, it make me non-sense to sell my shares at this time.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: SOSLOVE868 on July 03, 2013, 09:26:22 PM

I hate my shares are direct shares.......It makes me stuck right here....

I will buy them for today's low, if that would make you feel better...

empoweoqwj

hero member

Activity: 518

Merit: 500

yeah, you can auction them but you certainly can't "play the stock-market" with them if they are direct.

I actually like the fact I can't "dabble" with my AM shares on the markets. Dabbling can lead to big losses as well as big gains. I'm settling for dabbling with "real" bitcoins instead, and investing for the long-term in AM.

SOSLOVE868

sr. member

Activity: 378

Merit: 250

Quote from: empoweoqwj on July 03, 2013, 09:22:30 PM

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.

Yep, the BTC slide feels nasty but hopefully its "cheaper hamburger" time.

I hate my shares are direct shares.......It makes me stuck right here....

empoweoqwj

hero member

Activity: 518

Merit: 500

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.

Yep, the BTC slide feels nasty but hopefully its "cheaper hamburger" time.

deadgiveaway

full member

Activity: 182

Merit: 100

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.

aahzmundus

hero member

Activity: 644

Merit: 500

Invest & Earn: https://cloudthink.io

Quote from: ThickAsThieves on July 03, 2013, 06:35:12 PM

Quote from: aahzmundus on July 03, 2013, 06:31:07 PM

So... I got another div from friedcat! http://blockchain.info/tx/e139fe3523379df036871317b9515f9c8e8a1798e929c99fe7db4709562bcf5c

Looks like he did the share transfers for the 1,000 auction and then paid divs for them... SWEET

You sure that wasn't from Jutarul?

OOPS yeah, seeing it come into my ASICMINER address confused me lolz Tongue

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 884. (Read 3917468 times)