Topic: ASICMINER Speculation Thread - page 157. (Read 808847 times)

1TH from BFL costs 45 000 USD. 1 TH made by AM costs 10 000 USD. Why would he buy from BFL?

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.

Looks like shareprices will go back up cause of incoming higher dividends then

sounds more like someone got inside info

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

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.

/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.

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.

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 )

I find it amazing how quickly the market reacts to news such as this

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.

Makes sense, all DIY projects are now at a standstill with the chips in customs.

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?

RALLY!

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).

A relative positive for ASICMiner

Avalon's Update: http://www.avalon-asics.com

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.

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

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.