Author

Topic: ASICMINER Speculation Thread - page 157. (Read 808905 times)

sr. member
Activity: 406
Merit: 250
August 09, 2013, 05:11:27 AM
Do you realize that friedcat could have purchased dozens of TH/s from BFL and AVALON? There's nothing that can stop him (or his anonymous partners) to do that. That's the easiest way to mantain AM network share. And he can keep doing the same thing in the future.

1TH from BFL costs 45 000 USD. 1 TH made by AM costs 10 000 USD. Why would he buy from BFL?
legendary
Activity: 1148
Merit: 1001
August 09, 2013, 04:59:20 AM
Do you realize that friedcat could have purchased dozens of TH/s from BFL and AVALON? There's nothing that can stop him (or his anonymous partners) to do that. That's the easiest way to mantain AM network share. And he can keep doing the same thing in the future.
g83
sr. member
Activity: 448
Merit: 250
Super Smash Bros. Ultimate Available Now!
August 09, 2013, 03:14:00 AM
Looks like shareprices will go back up cause of incoming higher dividends then
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
August 09, 2013, 02:54:29 AM
sounds more like someone got inside info

IT'S ON!

Store Updates:
This weekend (possibly as early as Friday night), you will be able to place orders for ASICMINER Blades.  Exact pricing is not yet finalized.  Inventory is not in stock, but will be ordered from ASICMINER Sunday evening (earliest date available) and shipped out within 24 hours of arriving.

USB Block Erupters will also be back in stock at ASICMINER Sunday evening.  Expecting the full shipping queue to be completely filled within 48 hours of new inventory arriving.


BOOM! Good old friedcat!!!
hero member
Activity: 574
Merit: 500
August 09, 2013, 02:03:14 AM
These were the only transactions on ASICMINER-PT on BTCT for that whole hour - they all happened in 3 minutes total. Somebody just thew away a lot of money to create positive momentum.

/tinfoil

Or maybe that whale just wanted cheap shares?

The buys happened within a few minutes of the Avalon announcement. Mr. Whale might just have been waiting to see if the competition was about to get 200 million dollars before he felt safe to buy.

Why would two different whales, less than 20 minutes apart, buy exclusively on the asks and sell exclusively on the bids? Why would they take that huge haircut instead of putting up their own bids/asks somewhere in the middle of the spread?

And if the sudden volume happened because of the news, why wasn't there any volume that didn't occur during 2 specific 1-2 minute intervals? Seems odd that two whales decided to trade (in opposing directions, at a significant haircut to both), but not even one little guy put his chips down.

You don't end up with whale money by trading like an idiot. No, this individual clearly stood to gain by creating positive momentum - at the very least we know he owns a lot of shares, so he'd probably like to see a 4+ price again to cash out.

The seller did it when the shares were in free-fall, before the Avalon announcement. The buyer whale was possibly expecting others to buy after hearing the announcement. Looking at the flames and pitchforks against Avalon in that thread, I can't say I blame him.

If the bids and asks aren't far apart, and the price is moving fast or you expect it's about to move sharply, big eating of walls isn't necessarily idiotic, and it's not that uncommon.

Here's an example from a few hours before the one you listed, that's several times bigger, about 250 shares in 2 minutes:

03:20:50 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.468 BTC
03:20:51 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.469 BTC
03:20:52 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.474 BTC
03:20:54 assbot: [BTCTC] [ASICMINER-PT] 5 @ 3.474 = 17.37 BTC
03:20:55 assbot: [BTCTC] [ASICMINER-PT] 16 @ 3.475 = 55.6 BTC
03:20:56 assbot: [BTCTC] [ASICMINER-PT] 20 @ 3.494 = 69.88 BTC
03:20:57 assbot: [BTCTC] [ASICMINER-PT] 25 @ 3.495 = 87.375 BTC
03:22:29 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.499 BTC
03:22:31 assbot: [BTCTC] [ASICMINER-PT] 2 @ 3.5 = 7 BTC
03:22:32 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.579 BTC
03:22:34 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.58 BTC
03:22:34 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.582 BTC
03:22:35 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.583 BTC
03:22:36 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.585 BTC
03:22:37 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.595 BTC
03:22:38 assbot: [BTCTC] [ASICMINER-PT] 2 @ 3.596 = 7.192 BTC
03:22:39 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.598 BTC
03:22:40 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.6 BTC
03:22:42 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.61 BTC
03:22:43 assbot: [BTCTC] [ASICMINER-PT] 5 @ 3.62 = 18.1 BTC
03:22:44 assbot: [BTCTC] [ASICMINER-PT] 1 @ 3.625 BTC
03:22:45 assbot: [BTCTC] [ASICMINER-PT] 5 @ 3.638 = 18.19 BTC
03:22:45 assbot: [BTCTC] [ASICMINER-PT] 2 @ 3.64 = 7.28 BTC
03:22:46 assbot: [BTCTC] [ASICMINER-PT] 18 @ 3.641 = 65.538 BTC
03:22:47 assbot: [BTCTC] [ASICMINER-PT] 94 @ 3.641 = 342.254 BTC
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
August 09, 2013, 01:39:22 AM
These were the only transactions on ASICMINER-PT on BTCT for that whole hour - they all happened in 3 minutes total. Somebody just thew away a lot of money to create positive momentum.

/tinfoil

Or maybe that whale just wanted cheap shares?

The buys happened within a few minutes of the Avalon announcement. Mr. Whale might just have been waiting to see if the competition was about to get 200 million dollars before he felt safe to buy.

Why would two different whales, less than 20 minutes apart, buy exclusively on the asks and sell exclusively on the bids? Why would they take that huge haircut instead of putting up their own bids/asks somewhere in the middle of the spread?

And if the sudden volume happened because of the news, why wasn't there any volume that didn't occur during 2 specific 1-2 minute intervals? Seems odd that two whales decided to trade (in opposing directions, at a significant haircut to both), but not even one little guy put his chips down.

You don't end up with whale money by trading like an idiot. No, this individual clearly stood to gain by creating positive momentum - at the very least we know he owns a lot of shares, so he'd probably like to see a 4+ price again to cash out.
hero member
Activity: 574
Merit: 500
August 09, 2013, 01:34:14 AM
These were the only transactions on ASICMINER-PT on BTCT for that whole hour - they all happened in 3 minutes total. Somebody just thew away a lot of money to create positive momentum.

/tinfoil

Or maybe that whale just wanted cheap shares?

The buys happened within a few minutes of the Avalon announcement. Mr. Whale might just have been waiting to see if the competition was about to get 200 million dollars before he felt safe to buy.
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
August 09, 2013, 01:24:55 AM
I find it amazing how quickly the market reacts to news such as this

It actually looks like more market manipulation.

06:09 (S) 17 @ 3.62300000 ASICMINER-PT
06:09 (S) 8 @ 3.62400000 ASICMINER-PT
06:09 (S) 13 @ 3.66000000 ASICMINER-PT
06:09 (S) 1 @ 3.66100000 ASICMINER-PT

And less than 20 minutes later,

06:27 (B) 2 @ 3.73300000 ASICMINER-PT
06:27 (B) 1 @ 3.73300000 ASICMINER-PT
06:26 (B) 4 @ 3.83000000 ASICMINER-PT
06:26 (B) 6 @ 3.82900000 ASICMINER-PT
06:26 (B) 4 @ 3.80000000 ASICMINER-PT
06:26 (B) 1 @ 3.80000000 ASICMINER-PT
06:26 (B) 2 @ 3.79900000 ASICMINER-PT
06:26 (B) 1 @ 3.76200000 ASICMINER-PT
06:26 (B) 3 @ 3.75000000 ASICMINER-PT
06:26 (B) 7 @ 3.75000000 ASICMINER-PT
06:26 (B) 2 @ 3.74900000 ASICMINER-PT
06:26 (B) 6 @ 3.74800000 ASICMINER-PT
06:26 (B) 1 @ 3.74000000 ASICMINER-PT
06:26 (B) 3 @ 3.74000000 ASICMINER-PT
06:26 (B) 1 @ 3.73900000 ASICMINER-PT
06:26 (B) 3 @ 3.73800000 ASICMINER-PT
06:26 (B) 2 @ 3.73600000 ASICMINER-PT
06:26 (B) 1 @ 3.73600000 ASICMINER-PT
06:26 (B) 2 @ 3.73500000 ASICMINER-PT
06:26 (B) 3 @ 3.73500000 ASICMINER-PT
06:26 (B) 3 @ 3.73400000 ASICMINER-PT
06:26 (B) 1 @ 3.73300000 ASICMINER-PT
06:26 (B) 2 @ 3.73200000 ASICMINER-PT

These were the only transactions on ASICMINER-PT on BTCT for that whole hour - they all happened in 3 minutes total. Somebody just thew away a lot of money to create positive momentum.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
August 09, 2013, 01:09:37 AM
AM is like Apple. As being leader, and dropping price due to competitors, and speculation over new coming things.
When was Apple a leader? When has Apple dropped prices? Are you likening friedcat to a frutarian enema-loving hipster?

Ah you made me laugh ^_^

Also the avalon news sounds like investors wanting info heck I wonder why more people don't do that to BFL lol
(Yah I know you can't see much still Smiley)
legendary
Activity: 1611
Merit: 1001
August 09, 2013, 12:24:19 AM
I find it amazing how quickly the market reacts to news such as this
hero member
Activity: 518
Merit: 500
August 09, 2013, 12:14:04 AM
Quote
Extortion, a familiar tactic when it comes to the Bitcoin scene and business in China.

I don't really understand this. Is extortion a familiar tactic when doing business in China in general, or specifically when doing Bitcoin business in China? It seems odd to refer to extortion, or any tactic, as "familiar" for such a new thing as Bitcoins. In any case, I found the statement surprising. Are ASICMiner staff frequently fending off extortion attacks as well?

They make a stack load of money. I'm sure they are being attacked in many ways. Money is a dirty business wherever you are.
hero member
Activity: 560
Merit: 500
August 09, 2013, 12:12:23 AM
RALLY!

Makes sense, all DIY projects are now at a standstill with the chips in customs.
legendary
Activity: 1008
Merit: 1000
August 09, 2013, 12:09:51 AM
Quote
Extortion, a familiar tactic when it comes to the Bitcoin scene and business in China.

I don't really understand this. Is extortion a familiar tactic when doing business in China in general, or specifically when doing Bitcoin business in China? It seems odd to refer to extortion, or any tactic, as "familiar" for such a new thing as Bitcoins. In any case, I found the statement surprising. Are ASICMiner staff frequently fending off extortion attacks as well?
legendary
Activity: 1611
Merit: 1001
August 08, 2013, 11:50:03 PM
RALLY!
legendary
Activity: 1008
Merit: 1000
August 08, 2013, 11:42:27 PM
Food for thought.

For a short while ASICs were "hyper profitable", but it's beginning to feel like getting a return on investment is increasingly tricky. Maybe we're going to start to see a lot of ASIC mining companies drop out of the race as quickly as they came (not everyone of course, just those that don't have super cheap labor and electricity costs).
full member
Activity: 210
Merit: 100
August 08, 2013, 11:15:39 PM
hero member
Activity: 560
Merit: 500
August 08, 2013, 11:01:09 PM
Avalon's Update: http://www.avalon-asics.com
full member
Activity: 210
Merit: 100
August 08, 2013, 10:38:26 PM
It has weak support around 3.4, but any little bad news (or any "good" news from the competition) and you will definitely see panic selling.  I don't think it will stay below 3.0 long, but I could see some big speculators dump for any price once it breaks below 3.0 leading to a swoosh down.  That would be the time to buy.  Anyway, time will prove whether I am right or wrong about hitting 3.0 before 5.0
Actually, would anyone like to make a bet with me?  I'll do heads-up bets for 1BTC per person that this will hit 3BTC before 5BTC.  Can use John K. or Dooglus as escrow and split the fee. I'll take up to 10 bets.
full member
Activity: 210
Merit: 100
August 08, 2013, 10:36:37 PM
It has weak support around 3.4, but any little bad news (or any "good" news from the competition) and you will definitely see panic selling.  I don't think it will stay below 3.0 long, but I could see some big speculators dump for any price once it breaks below 3.0 leading to a swoosh down.  That would be the time to buy.  Anyway, time will prove whether I am right or wrong about hitting 3.0 before 5.0
hero member
Activity: 504
Merit: 502
August 08, 2013, 09:28:21 PM
Iv'e got my orders in... it just needs to dip a little lower.

Of course, if it goes back up I will be even more happy. When you are sitting on shares and have some divs to reinvest, you win either way, up or down.
Jump to: