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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 894. (Read 3917468 times)

legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Out of curiosity, are Eric M. and myself the only Canadian AM shareholders here? I know we have more lurking in the shadows!

You can add me to the list of lurking Canadian shareholders.  Wednesday is no longer hump day; it's climax day!  Shocked

We're in Vancouver.   :-)

Alberta!!! RD And thriving after all that flooding
If I knew their were that many Canadians here would have said Happy Canada day in the thread  Grin
hero member
Activity: 518
Merit: 500
Step away for a week and the price has EXPLODED!  Pleasant pleasant surprise.  Where do you think the ceiling is?  Still time to buy in more?

I think the ceiling is around 12BTC per share. I think we will surpass 6 this week and be halfway to what I'd consider to be the reasonable ceiling. If it goes higher than 12BTC per share then we know it's just a bubble. Big players will sell at around 10BTC per share which is why I put 12 as a ceiling because it's psychological similar to when BTC passed $100 the first time.

Everybody who got in at 2.5-3 are in a position to keep buying more shares. If you're just getting in now at 5BTC a share you may still profit, and anyone getting in at 6BTC is just speculating that it will get to 10. I predict it will go as high as it can go until a big player decides to sell and even if they do sell it only buys us some time, maybe a couple weeks.



Pure bubble-boy talk. The train to bubble-town has left the station  Cool
hero member
Activity: 667
Merit: 500
Canadian here at WTCR.ca!
sr. member
Activity: 378
Merit: 250

I honestly don't know and I can't find anything on btct.co, could you explain it for me?


Instead of buying real shares you can buy options for just a "premium price" and call for real shares later.
(Or don't call if those don't rise in price).
This allows for two things: less capital for investment (until you call) and less capital at risk (you can lose only what you paid for options).

Put options are opposite. When you write option and somebody buys them you promise to buy back shares (if requested) at that specified price.
Even if they are not worth that price.

So both things are kinds of bet.


And in this case, it appears someone bought a put option to purchase 1 share with a strike price of BTC3.5, nearly 100x above the market price.

The only thing is you can make a mistake with the button on BTCT...it just one click then you will no chance to regret.
sr. member
Activity: 378
Merit: 250
We just hit 5 btc/share on BTCT.co

Congrats everyone!
To the moon.
sr. member
Activity: 476
Merit: 250
We just hit 5 btc/share on BTCT.co

Congrats everyone!
legendary
Activity: 1554
Merit: 1009
Out of curiosity, are Eric M. and myself the only Canadian AM shareholders here? I know we have more lurking in the shadows!

You can add me to the list of lurking Canadian shareholders.  Wednesday is no longer hump day; it's climax day!  Shocked

We're in Vancouver.   :-)

St. John's  Grin
member
Activity: 126
Merit: 11
How large in the next batch of USB miners that shoud come in 1 week?
hero member
Activity: 714
Merit: 510
Step away for a week and the price has EXPLODED!  Pleasant pleasant surprise.  Where do you think the ceiling is?  Still time to buy in more?

I think the ceiling is around 12BTC per share. I think we will surpass 6 this week and be halfway to what I'd consider to be the reasonable ceiling. If it goes higher than 12BTC per share then we know it's just a bubble. Big players will sell at around 10BTC per share which is why I put 12 as a ceiling because it's psychological similar to when BTC passed $100 the first time.

Everybody who got in at 2.5-3 are in a position to keep buying more shares. If you're just getting in now at 5BTC a share you may still profit, and anyone getting in at 6BTC is just speculating that it will get to 10. I predict it will go as high as it can go until a big player decides to sell and even if they do sell it only buys us some time, maybe a couple weeks.

donator
Activity: 294
Merit: 250
Out of curiosity, are Eric M. and myself the only Canadian AM shareholders here? I know we have more lurking in the shadows!

You can add me to the list of lurking Canadian shareholders.  Wednesday is no longer hump day; it's climax day!  Shocked

We're in Vancouver.   :-)
member
Activity: 88
Merit: 10
The sheep who walks through walls.
Out of curiosity, are Eric M. and myself the only Canadian AM shareholders here? I know we have more lurking in the shadows!

You can add me to the list of lurking Canadian shareholders.  Wednesday is no longer hump day; it's climax day!  Shocked
member
Activity: 63
Merit: 10
Call and Put Options can be very risky instruments for inexperienced investors / traders.
Please make sure you understand them completely before using them.
http://en.wikipedia.org/wiki/Call_option
http://en.wikipedia.org/wiki/Put_option
cp1
hero member
Activity: 616
Merit: 500
Stop using branwallets
And in this case, it appears someone bought a put option to purchase 1 share with a strike price of BTC3.5, nearly 100x above the market price.

Yeah, big difference between TAT.ASICMINER and ASICMINER-PT
legendary
Activity: 1442
Merit: 1001

I honestly don't know and I can't find anything on btct.co, could you explain it for me?


Instead of buying real shares you can buy options for just a "premium price" and call for real shares later.
(Or don't call if those don't rise in price).
This allows for two things: less capital for investment (until you call) and less capital at risk (you can lose only what you paid for options).

Put options are opposite. When you write option and somebody buys them you promise to buy back shares (if requested) at that specified price.
Even if they are not worth that price.

So both things are kinds of bet.


And in this case, it appears someone bought a put option to purchase 1 share with a strike price of BTC3.5, nearly 100x above the market price.
hero member
Activity: 588
Merit: 500
Canadian here too...Guelph, Ontario.
full member
Activity: 223
Merit: 100

I honestly don't know and I can't find anything on btct.co, could you explain it for me?


Instead of buying real shares you can buy options for just a "premium price" and call for real shares later.
(Or don't call if those don't rise in price).
This allows for two things: less capital for investment (until you call) and less capital at risk (you can lose only what you paid for options).

Put options are opposite. When you write option and somebody buys them you promise to buy back shares (if requested) at that specified price.
Even if they are not worth that price.

So both things are kinds of bet.




full member
Activity: 168
Merit: 100
aw cmon the price rising so fast, there goes my ideas of buying more with dividends Sad
ughhh... really guys? can we just keep price atleast stable for a few weeks of dividends? maybe a few months?

lets stop this crazy rise, maybe we can somehow arrange a huge wall or something this way it doesnt go up, and atleast we can reinvest some dividends.... the way its meant to be done Smiley
newbie
Activity: 8
Merit: 0
To whoever just bought that put on 1 TAT share on BTC-TC.  You are welcome.

Options are fun, ignorance is bliss, and learning is expensive!

Quote
Hello,

This is a Exercised Option purchase confirmation.

  Account: Aahzmundus
  Security: TAT.ASICMINER
  Shares: 1 @ 3.50000000 BTC
  Total Paid: 3.50875 BTC

Thank you for using BTC-TC

Cue a dozen assholes trying to fish for the same trick.

Meh. If the most you lose is 1-2BTC learning about how options work, that's a small price IMO. Smiley

I honestly don't know and I can't find anything on btct.co, could you explain it for me?
newbie
Activity: 13
Merit: 0
HOLY. I went away for a week not catching up with bitcoin and did not buy in when I wanted to.

Now i don'tknow if i should buy in now help!
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Ask burnside for a X10 market value on the options rule  Wink
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