ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 900.

Luckybit

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Quote from: empoweoqwj on July 01, 2013, 12:19:43 PM

Quote from: aahzmundus on July 01, 2013, 12:17:02 PM

Quote from: Jutarul on July 01, 2013, 12:11:53 PM

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-45btcshare-1000-shares-247803

Oh crap...

I think its cool. We can all buy them and resell them to bubble-boys Wink

The bubble-boys will be coming. We just gotta call them up and tell them what an awesome opportunity they are missing. When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

By the way, 1000 shares @ 4.5? That guy is a millionaire.

empoweoqwj

hero member

Activity: 518

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Quote from: aahzmundus on July 01, 2013, 12:17:02 PM

Quote from: Jutarul on July 01, 2013, 12:11:53 PM

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-45btcshare-1000-shares-247803

Oh crap...

I think its cool. We can all buy them and resell them to bubble-boys Wink

Luckybit

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Activity: 714

Merit: 510

Quote from: aahzmundus on July 01, 2013, 12:17:02 PM

Quote from: Jutarul on July 01, 2013, 12:11:53 PM

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-45btcshare-1000-shares-247803

Oh crap...

Ha, he's really gonna slow the growth down with this. We were gonna see 5 for certain.
Time to make some phone calls and get people to buy them all up ASAP.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Luckybit on July 01, 2013, 12:09:36 PM

Quote from: aahzmundus on July 01, 2013, 09:19:14 AM

Quote from: TsuyokuNaritai on July 01, 2013, 09:03:03 AM

Quote from: aahzmundus on July 01, 2013, 08:52:28 AM

I expect to see a HUGE price spike the next time friedcat posts... I actually have btc sitting and waiting to buy in the second he posts, and then I will sell on the spike!

Why even sell on the spike? It's not trollboxland where every pump is followed by a dump. This is Friedcatland, all spikes so far have just stabilized out until the next spike!

Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow Tongue

To increase popularity of Bitcoin and Asicminer, you should speak to the media. Would you be willing to bring exposure to Asicminer by detailing in an interview how you paid for your student loans with this fantastic Bitcoin exclusive investment opportunity?

If you don't want to do an interview at least consider writing a book and selling it. It will increase your cashflow and benefit your share value. You're like the Warren Buffet of Virtual Stocks.

Ummm ... generally people don't write financial books for the money, they do it because they love exposure, want to feed their ego or want to leave something behind when they go. I don't think Warren Buffet exactly needed the cash from a book deal Cheesy

Luckybit

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Quote from: Eric Muyser on July 01, 2013, 03:36:06 AM

Quote from: Strange Vlad on July 01, 2013, 02:49:39 AM

About monopoly concerns at least they are right.
Many would feel uncomfortable with AM being "KING", just retaining leadership would be enough. Strong competition is necessary, so I hope competitors deliver mass-production of second-generation chips late this year (by second-generation I mean 65nm and less, excluding BFL).
I would even prefer AM losing leadership, over their total domination of Bitcoin ASIC market. Monopoly would make Bitcoin itself endangered.

By saying he is king, I just meant he will retain leadership and we can be confident in that as we see this unfold in the next ~6 months. Confident enough to value a share at 10+ BTC.

However, even if there is a monopoly (as in, AM is the miner at 50% network share and everyone else is an AM consumer), it won't stop the majority from riding that boat, heh.

How would Asicminer monopoly endanger Bitcoin network when they sell Miners and they distribute the rewards to shareholders? They don't have 50% of the network and probably never will but they should maximize profit for shareholders while selling the most decentralized mining equipment designs possible.

aahzmundus

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Activity: 644

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Invest & Earn: https://cloudthink.io

Quote from: Jutarul on July 01, 2013, 12:11:53 PM

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-45btcshare-1000-shares-247803

Oh crap...

Jutarul

donator

Activity: 994

Merit: 1000

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-45btcshare-1000-shares-247803

blackreplica

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Activity: 224

Merit: 100

"There's one big difference. Bitcoin price is almost entirely sentiment driven, AM share prices, within the BTC sphere, are driven to some extent at least by numbers / fundamentals."

I absolutely agree with this. Thankfully we have numbers to value AM properly and hopefully this will be a saving grace, preventing a massive bubble in AM shares.

I definitely agree we are just beginning to enter bubble territory (though still not there yet). However, given the ability to price AM, I'm hoping we do not actually get into the 8-10 btc/share range. If we got there the bubble pop would be very painful for the people entering the market at or after right about now

Luckybit

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Quote from: aahzmundus on July 01, 2013, 09:19:14 AM

Quote from: TsuyokuNaritai on July 01, 2013, 09:03:03 AM

Quote from: aahzmundus on July 01, 2013, 08:52:28 AM

I expect to see a HUGE price spike the next time friedcat posts... I actually have btc sitting and waiting to buy in the second he posts, and then I will sell on the spike!

Why even sell on the spike? It's not trollboxland where every pump is followed by a dump. This is Friedcatland, all spikes so far have just stabilized out until the next spike!

Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow Tongue

To increase popularity of Bitcoin and Asicminer, you should speak to the media. Would you be willing to bring exposure to Asicminer by detailing in an interview how you paid for your student loans with this fantastic Bitcoin exclusive investment opportunity?

If you don't want to do an interview at least consider writing a book and selling it. It will increase your cashflow and benefit your share value. You're like the Warren Buffet of Virtual Stocks.

empoweoqwj

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Activity: 518

Merit: 500

Quote from: Vycid on July 01, 2013, 09:34:05 AM

Quote from: empoweoqwj on July 01, 2013, 09:30:22 AM

Quote from: Birdy on July 01, 2013, 09:21:30 AM

Quote from: aahzmundus on July 01, 2013, 09:19:14 AM

Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow Tongue

Getting rid of debts is a good decision.

Fully agreed.

My only point would be the same as TsuyokuNaritai made. This stock is not a pump-and-dump, its not LTC. It just keeps going up and up. If you have funds to invest in the stock, invest *now*. I bought in on June 14th, that's 17 days ago at 2.5BTC, the price is now nearly 5. I really see no point in waiting around unless you believe we are in bubble land already.

Sounds a lot like bubble-land, if I'm honest. I heard this exact thing about Bitcoin itself back in March.

I'm not buying puts just for funsies. I'm buying puts because it's the only way to protect myself from ridiculous valuations of a company with a very clear business model.

There's one big difference. Bitcoin price is almost entirely sentiment driven, AM share prices, within the BTC sphere, are driven to some extent at least by numbers / fundamentals.

I agree the share is on the verge of bubble-land. That's why people are starting to sell out below 5. But I think if AM performs well over the next 2-3 months, the bubble will inflate to around 8-10 before bursting back to 5 or below.

If I had bought in very early and had lots of shares, I would be looking to sell some now. Some early adopters could get 10x their initial investment back without hardly denting their current share level. Its all good

muyuu

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This is a bit crazy but I'm loving it. Grin

I look away for a bit and it has bumped again. Woha. Friedcat for president!

aahzmundus

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Invest & Earn: https://cloudthink.io

Quote from: Rival on July 01, 2013, 11:07:00 AM

Quote from: Smidge on July 01, 2013, 09:58:59 AM

Anyway, ASICMINER shares are so esoteric its hard to believe an interest in Bitcoin has led to an increase in ASICMINER price without a corresponding increase in bitcoin price.

I would posit that most of the smaller investors in AM (Those with less than 50 shares) are reinvesting divs right back into more shares, either directly or through fractional share purchases.
This would have the effect of funneling btc directly into the hands of those wishing to cash out, which is the primary reason for selling. This lends itself to the following hypothesis:

Purchases of AM tend to go to sellers who convert the btc to cash, driving down btc exchange rate and simultaneously increasing AM share prices as reinvestment means less shares available for sale.

The results are exactly what we are seeing, and the market for both btc and AM may just be thin enough at this point where the hypothesis is correct as a causation factor of current trends. There would be of course, other factors at play, but i would consider that this one may be the primary one.

You may be on to something here... this is exactly what I am doing. I NEVER used to cash out my btc, but with divs being so large I have cashed out >40btc in the last... month or so. Unlike someone who invested in mining hardware and has a long time before they break even, I broke even... well before I started with my AM investment. So I had no qualms about taking in some of my gains to pay off bills, where as people who USED to be getting this btc probably saved it up.

sunnankar

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Quote from: Rival on July 01, 2013, 11:07:00 AM

This lends itself to the following hypothesis:

Purchases of AM tend to go to sellers who convert the btc to cash, driving down btc exchange rate and simultaneously increasing AM share prices as reinvestment means less shares available for sale.

Remember, prices are set at the margin based on marginal supply and demand.

With BTC there are, most likely, significant amounts of savings which people, for whatever reason, do not want to move out of Bitcoinlandia. AM, as one of the very few reliable investments, is drawing in capital. Since the price rises from this and because of the weekly dividend, which contributes to the 'savings glut', the result most people just keep sitting on their shares.

After all, where else are they going to park their capital? We have already seen one person 'cash-out' their AM to pay off their student loans. But now that their USD cash-flow is freed up and if they generate positive monthly cash-flow then where will they be directing that capital? Probably BTC and AM shares or something similar.

This is actually an extremely positive development in Bitcoin's growth as money and currency because it is increasingly being used as a numeraire in the performance of economic calculation by market participants, largely due to the advancements in mining. The speed at which this is happening is really astounding.

Eric Muyser

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You can't kill math.

Quote from: Rival on July 01, 2013, 11:07:00 AM

Quote from: Smidge on July 01, 2013, 09:58:59 AM

Anyway, ASICMINER shares are so esoteric its hard to believe an interest in Bitcoin has led to an increase in ASICMINER price without a corresponding increase in bitcoin price.

I would posit that most of the smaller investors in AM (Those with less than 50 shares) are reinvesting divs right back into more shares, either directly or through fractional share purchases.
This would have the effect of funneling btc directly into the hands of those wishing to cash out, which is the primary reason for selling. This lends itself to the following hypothesis:

Purchases of AM tend to go to sellers who convert the btc to cash, driving down btc exchange rate and simultaneously increasing AM share prices as reinvestment means less shares available for sale.

The results are exactly what we are seeing, and the market for both btc and AM may just be thin enough at this point where the hypothesis is correct as a causation factor of current trends. There would be of course, other factors at play, but i would consider that this one may be the primary one.

The divs aren't big enough to have that kind of affect. Besides, seems like reaching. It contributes to the value, but it's not a primary one IMO.

Rival

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Quote from: Smidge on July 01, 2013, 09:58:59 AM

Anyway, ASICMINER shares are so esoteric its hard to believe an interest in Bitcoin has led to an increase in ASICMINER price without a corresponding increase in bitcoin price.

I would posit that most of the smaller investors in AM (Those with less than 50 shares) are reinvesting divs right back into more shares, either directly or through fractional share purchases.
This would have the effect of funneling btc directly into the hands of those wishing to cash out, which is the primary reason for selling. This lends itself to the following hypothesis:

Purchases of AM tend to go to sellers who convert the btc to cash, driving down btc exchange rate and simultaneously increasing AM share prices as reinvestment means less shares available for sale.

The results are exactly what we are seeing, and the market for both btc and AM may just be thin enough at this point where the hypothesis is correct as a causation factor of current trends. There would be of course, other factors at play, but i would consider that this one may be the primary one.

ixne

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Quote from: Smidge on July 01, 2013, 09:58:59 AM

This might be part of the reason for the latest upswing(s):

Chinese investors go crazy for Bitcoin:
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20130630000002&cid=1202

Your source lacks somewhat in professionalism. My two favorite quotes:

"According to Tencent, there are two Chinese mining teams capable of processing large amounts of Bitcoin transactions. One team, dubbed friedcat, boasts the largest mined amount of Bitcoin worldwide..."

"However, many are less optimistic about the future of the currency, questioning its stainability and constant fluctuations."

That's always bugged me: bitcoins are great, but how can I stain them please?

Anyway, ASICMINER shares are so esoteric its hard to believe an interest in Bitcoin has led to an increase in ASICMINER price without a corresponding increase in bitcoin price.

SilentSonicBoom

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Activity: 336

Merit: 250

Quote from: velacreations on July 01, 2013, 09:28:47 AM

Quote from: Mnw on July 01, 2013, 09:01:48 AM

Any news regarding blades status of production and USB erupters auctions (are they sold out?)?

July 10 for new blades:
http://www.reddit.com/r/Bitcoin/comments/1hedyd/asicminer_has_new_blade_airoil_cooled_new_mini/

Awesome news once again! Way to go AsicMiner!

Birdy

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Activity: 364

Merit: 250

Quote from: binaryFate on July 01, 2013, 10:01:30 AM

If they could also rise BTC/USD, I'd be 100% happy...

Yes, my shares are worth way more Btcs, but the Btc price is dropping :<
It's +/-0 for me at the moment.

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: Smidge on July 01, 2013, 09:58:59 AM

This might be part of the reason for the latest upswing(s):

Chinese investors go crazy for Bitcoin:
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20130630000002&cid=1202

If they could also rise BTC/USD, I'd be 100% happy...

Smidge

full member

Activity: 218

Merit: 100

This might be part of the reason for the latest upswing(s):

Chinese investors go crazy for Bitcoin:
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20130630000002&cid=1202

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 900. (Read 3917531 times)