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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 901. (Read 3917531 times)

Mnw
newbie
Activity: 28
Merit: 1
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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.
hero member
Activity: 518
Merit: 500
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.
sr. member
Activity: 476
Merit: 250
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/
sr. member
Activity: 364
Merit: 250
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.
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
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
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
All:

My last offer for put options is good at the current price. I will honor it to 4.7 BTC unless I say otherwise.

(I am BUYING put options: you write them!)

Strike: 3.3 BTC
Expiration: 90 days
Premium: 0.3 BTC

BTCT only.

Vycid
hero member
Activity: 574
Merit: 500
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!
Mnw
newbie
Activity: 28
Merit: 1
Any news regarding blades status of production and USB erupters auctions (are they sold out?)?
hero member
Activity: 518
Merit: 500
this just leaves me cursing, yet again, that i HAD 5 shares, which i sold before the whole GLBSE thing collapsed... now i just have 1, and not remotely enough btc to buy more.

ARKLAN!!!  I swear... >50% of your posts are complaining about how few BTC/AM shares you hold.  JUST CHANGE that fact.  How many USB miners are you mining with?  With how many I think you still having mining away for you you should have gotten enough btc to buy a share... at least one.  Hell, if you cant buy a full share just buy a TAT share!  If you cant afford a single tat share... just drink a water instead of a coffie/soda next time you get a drink.  BAM enough money to buy 1 TAT share.

tl;dr Arklan, STOP complaining about how little you hold, and DO SOMETHING about it.

fair point. i can afford tat shares... and yea, i'm mining a fair amount - but been using it for other things. so, my own fault of course.

I don't mean to be harsh... but with people saying 10btc per share, I don't want to see you come back in a week and YET AGAIN be kicking yourself when maybe a little push gets you to buy in.

Lets just hope that when you do buy in, you don't end up regretting that.

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!

Just curious - if you expect a HUGE price spike the next time friedcat posts, why not buy now? You might be asleep when he posts .....

Personally I think people have already bought on the friedcat news over the weekend, what will push prices higher over the next month will be higher dividends, more hardward launched, increased hash rate %, and an influx of "bubble boys"
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
this just leaves me cursing, yet again, that i HAD 5 shares, which i sold before the whole GLBSE thing collapsed... now i just have 1, and not remotely enough btc to buy more.

ARKLAN!!!  I swear... >50% of your posts are complaining about how few BTC/AM shares you hold.  JUST CHANGE that fact.  How many USB miners are you mining with?  With how many I think you still having mining away for you you should have gotten enough btc to buy a share... at least one.  Hell, if you cant buy a full share just buy a TAT share!  If you cant afford a single tat share... just drink a water instead of a coffie/soda next time you get a drink.  BAM enough money to buy 1 TAT share.

tl;dr Arklan, STOP complaining about how little you hold, and DO SOMETHING about it.

fair point. i can afford tat shares... and yea, i'm mining a fair amount - but been using it for other things. so, my own fault of course.

I don't mean to be harsh... but with people saying 10btc per share, I don't want to see you come back in a week and YET AGAIN be kicking yourself when maybe a little push gets you to buy in.

Lets just hope that when you do buy in, you don't end up regretting that.

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!
legendary
Activity: 1778
Merit: 1008
this just leaves me cursing, yet again, that i HAD 5 shares, which i sold before the whole GLBSE thing collapsed... now i just have 1, and not remotely enough btc to buy more.

ARKLAN!!!  I swear... >50% of your posts are complaining about how few BTC/AM shares you hold.  JUST CHANGE that fact.  How many USB miners are you mining with?  With how many I think you still having mining away for you you should have gotten enough btc to buy a share... at least one.  Hell, if you cant buy a full share just buy a TAT share!  If you cant afford a single tat share... just drink a water instead of a coffie/soda next time you get a drink.  BAM enough money to buy 1 TAT share.

tl;dr Arklan, STOP complaining about how little you hold, and DO SOMETHING about it.

fair point. i can afford tat shares... and yea, i'm mining a fair amount - but been using it for other things. so, my own fault of course.
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
this just leaves me cursing, yet again, that i HAD 5 shares, which i sold before the whole GLBSE thing collapsed... now i just have 1, and not remotely enough btc to buy more.

ARKLAN!!!  I swear... >50% of your posts are complaining about how few BTC/AM shares you hold.  JUST CHANGE that fact.  How many USB miners are you mining with?  With how many I think you still having mining away for you you should have gotten enough btc to buy a share... at least one.  Hell, if you cant buy a full share just buy a TAT share!  If you cant afford a single tat share... just drink a water instead of a coffie/soda next time you get a drink.  BAM enough money to buy 1 TAT share.

tl;dr Arklan, STOP complaining about how little you hold, and DO SOMETHING about it.
legendary
Activity: 1778
Merit: 1008
10 BTC would put ASICMiner yield at more relatable levels. the market cap on the other hand might not make sense

for their hardware sales, they will need to get their die process to smaller nanometers

And what makes u think if others can do 65nm or 28nm then AM can't? I believe they can, and they will when the time is right. But their genius lies in knowing that this market is 100% about what you can deliver now, not promise to deliver some point in the future.

Actions speak louder than words. With bitcoin mining, words are almost irrelevant. Which is why we are all happy friedcat says so few  Grin

we alreayd know that AM is working on second generation chips. safe to assume they're a smaller NM.
hero member
Activity: 518
Merit: 500
10 BTC would put ASICMiner yield at more relatable levels. the market cap on the other hand might not make sense

for their hardware sales, they will need to get their die process to smaller nanometers

And what makes u think if others can do 65nm or 28nm then AM can't? I believe they can, and they will when the time is right. But their genius lies in knowing that this market is 100% about what you can deliver now, not promise to deliver some point in the future.

Actions speak louder than words. With bitcoin mining, words are almost irrelevant. Which is why we are all happy friedcat says so few  Grin
hero member
Activity: 546
Merit: 500
10 BTC would put ASICMiner yield at more relatable levels. the market cap on the other hand might not make sense

for their hardware sales, they will need to get their die process to smaller nanometers
legendary
Activity: 1778
Merit: 1008
this just leaves me cursing, yet again, that i HAD 5 shares, which i sold before the whole GLBSE thing collapsed... now i just have 1, and not remotely enough btc to buy more.
hero member
Activity: 504
Merit: 502
I'd sell before 10BTC that's for sure

I feel Bitcoin swinging too low, or too high, can (but may not) cause a crash in AM. Think about whales wanting to cash out their BTC if it hits 200+ again. These whales may be invested in AM.

In a year's time anyone holding 5 shares may be a whale. Buy and hold investor dynamics are often counter-intuitive. One would think that as it becomes accepted as a smart investment, investors would accumulate larger and larger positions. While this is true to a certain degree, history shows that the opposite trend occurs. As prices increase, "whales" tend to sell fractions of their holdings, taking profits off of the table. The average size of holdings decreases dramatically, and the number of shareholders increases in proportion. If one would assume that today that the average shareholder had 100 shares (just a number I picked out of a hat) and there were 500 total shareholders, one would expect in an environment of increasing valuations that at some point the average shareholder would have 10 shares, spread more or less across 5000 shareholders. Each day that goes by the effect of whales cashing out becomes smaller and smaller, until it becomes almost negligible, as each whale becomes a smaller and smaller percentage of total shares.

We are still at the point where whale sales can disrupt share prices substantially. I do not expect that will be a danger in the future if historic trends hold.

It's a good observation but don't you think 1 year is a bit quick? Bitcoin moves fast, but not that fast?

I don't expect to see that affect fully unfold for dozens of years, and the current AM whales are quite huge (ocean sized whales).

"A week in bitcoins is like a year on Wall Street."
full member
Activity: 224
Merit: 100
You can't kill math.
I'd sell before 10BTC that's for sure

I feel Bitcoin swinging too low, or too high, can (but may not) cause a crash in AM. Think about whales wanting to cash out their BTC if it hits 200+ again. These whales may be invested in AM.

In a year's time anyone holding 5 shares may be a whale. Buy and hold investor dynamics are often counter-intuitive. One would think that as it becomes accepted as a smart investment, investors would accumulate larger and larger positions. While this is true to a certain degree, history shows that the opposite trend occurs. As prices increase, "whales" tend to sell fractions of their holdings, taking profits off of the table. The average size of holdings decreases dramatically, and the number of shareholders increases in proportion. If one would assume that today that the average shareholder had 100 shares (just a number I picked out of a hat) and there were 500 total shareholders, one would expect in an environment of increasing valuations that at some point the average shareholder would have 10 shares, spread more or less across 5000 shareholders. Each day that goes by the effect of whales cashing out becomes smaller and smaller, until it becomes almost negligible, as each whale becomes a smaller and smaller percentage of total shares.

We are still at the point where whale sales can disrupt share prices substantially. I do not expect that will be a danger in the future if historic trends hold.

It's a good observation but don't you think 1 year is a bit quick? Bitcoin moves fast, but not that fast?

I don't expect to see that affect fully unfold for dozens of years, and the current AM whales are quite huge (ocean sized whales).
hero member
Activity: 504
Merit: 502
I'd sell before 10BTC that's for sure

I feel Bitcoin swinging too low, or too high, can (but may not) cause a crash in AM. Think about whales wanting to cash out their BTC if it hits 200+ again. These whales may be invested in AM.

In a year's time anyone holding 5 shares may be a whale. Buy and hold investor dynamics are often counter-intuitive. One would think that as it becomes accepted as a smart investment, investors would accumulate larger and larger positions. While this is true to a certain degree, history shows that the opposite trend occurs. As prices increase, "whales" tend to sell fractions of their holdings, taking profits off of the table. The average size of holdings decreases dramatically, and the number of shareholders increases in proportion. If one would assume that today that the average shareholder had 100 shares (just a number I picked out of a hat) and there were 500 total shareholders, one would expect in an environment of increasing valuations that at some point the average shareholder would have 10 shares, spread more or less across 5000 shareholders. Each day that goes by the effect of whales cashing out becomes smaller and smaller, until it becomes almost negligible, as each whale becomes a smaller and smaller percentage of total shares.

We are still at the point where whale sales can disrupt share prices substantially. I do not expect that will be a danger in the future if historic trends hold.
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