when did i say we need to push this on people?
and when did i say BTC was undervalued? i used a farfetched example of if was trading for 1/40th of its current value to explain my frustration of the current situation of this security.
you have got this the complete wrong way around. i love this project, but me, like many others, are heavily invested with hundreds of BTC, and having them tied up to a security that is servery undervalued is frustrating to say the least.
i'll always keep 50% in because i believe in this project, and most importantly, i believe in the team behind it. but i'd love to take the other 50% out at a huge profit. i'd be lying if i said i didn't and trust me, the majority of investors would be too.
there are two sides to a successful investment, what you can make via dividends and what you can make via buying a selling. its usually the difference between being short-term and long-term. but most good investors will look for a split down the middle. you seem heavily to the long-term side, which is admirable, but some of us would rather not take that 100% risk.
BTC is undervalued: you never said it. I did.
I got it wrong, maybe, but the general discussion was pointing in going to Belgium to have pictures of the mining facility to eventually publish them and get more interest from new investors, creating higher demand that will generate a possible increase in price. So "PETA price is undervalued" seemed the statement to me.
I wanted to say that PETA undervalued is (for me) very similar to BTC being below what I consider the right price (and this is totally MY perception. It may be shared with many other people, but I am speaking for myself only here).
I also stated that I am not pushing BTC around sellers (or buyers). Nothing against it. It's just not me. And I strongly believe that BTC will gain more popularity because it is a good system and advertising is not needed. Every time someone IRL asks me about BTC, I never tell them to buy BTC or not. I tell them where to learn about it. I explain the (little) things I know about it and then leave it up to them to decide what to do with their money.
Exactly the same goes for PETA. I'm not suggesting my "bitcoin contacts" to enter PETA. This is an investment I believe in and I want to be accountable to me only, not to other people's choices. Sure thing, one of my IRL friends purchased PETA as well and it is a joy for me to be able to talk with him about how our fund is going, how Crytpx is delivering hashing power and so on. Proselytism is something I don't really feel comfortable doing.
However, let me also say that I love the conversations we are having here. Except some trolls and FUD spreading accounts, the rest of the people here are a pleasure to speak with and to share our ideas with.
I could say "I love the spirit" of the people here.
So, back to your last comment. Of course everyone has different situations and needs. However, if you are not in need of spending that 50% that you want to take out at a profit, where are you going to place your btc? Cold storage is a safe place, but doesn't give you any interest. In Peta we currently have a 1% (maybe more today!) interest paid weekly.
(of course, what you want to do is your complete choice and I'm not here to argue with that. Just, if you are moving to another investment, it would be nice to know, and maybe follow you there
)
I'm not going to say how many BTC I invested in PETA (nor how much money I invested in BTC). But 70% of my BTC are in PETA, the rest in Cold.
[disclaimer: I'm not wealthy. Not rich. Need to work for living. Got out of debts and not planning to get into them ever again. So my BTC/PETA investment can't go wrong or I'll be with my ass on the floor again]
Please, take all the above with me smiling, being honest and open. Not trying to have any fight here. English is not my native language and I hope I'm not insulting or being rude with anyone.
hey dude, you didn't say that, but you implied thats what i was saying
but yeah, its just a language barrier. anyways, your not being insulting or rude at all, honestly! i do completely agree with what your saying above but this is all about perspective. please understand what we are saying is both correct but it just differs from the situation we are in. we are in very similar boats but just have different outlooks.
for example, just like you, i have friends who have money in this, and im invested nearly all in at 80%. the only difference is this is pretty much a full time job for me, as it is with a few others, and having 80% in any investment is enough to make any full time investor extremely twitchy.
this is allot less about our differences and more about how we view the risk. if i had more money i wouldn't really care about the price as i know its going to grow organically, and likewise, if i had more money i would be happy for the price to stay as it is so i could keep buying now. but i cant.
anyways, i hope you understand what im saying, and its great to see people like you in this project. if all the people were like me then there would be very little community. but yeah, i hope you understand my situation and the reason i have my opinion, its all down to the level of accepted risk and peace of mind, and as a full time investor having over 75% in one thing goes against everything i know. its basically i'd just like to wake up in the mornings and not have this as the first thing i check
so yeah, the sooner we get to our actual current value, which i think is in the 0.013 - 0.015 range, the happier ill be.
its the whole eggs in one basket thing, and some of us can't afford to have all of these eggs in one basket, no matter how pretty the basket is
hope your good dude, you sound like a nice guy, and im sorry if i come on slightly rude, its just the way i am sometimes when dealing with business, its nothing personal
simple calculation
april
450th x 0.008 (price from cex.io) = 3600 xbt total project value 0.045 xbt per share value
700th x0.008 = 5600 xbt project value 0.07 per share value
mai
25 btc / 0.006 (price cryptx paying per ghs) = 4th x 4 weeks reinvestment
716th x 0.004 = 2864 xbt project value 0.038 per share value + dividend (4x 0.001) 0.004 xbt
loss of 35÷ of capital in one month when you buy now.
who's saying this mining project is a finacial win just cant count numbers or beting on people who cant count.
how to make win? by trading shares, only possibility. right mikemikemike? good sellings?
anyone who dont like that numbers, just ignore. dont hate and troll just have a nice day.
Make sure you take a really good look at the maintenance cost on cex before comparing the two. Total power consumption per gh on cex is 1.5W.
Now go back to your drawing board and show us your new numbers..
guys. pleaseee dont feed the troll. hes said before he comes here on a friday to buy shares so he can collect the dividends. hes here right on time so he can try and buy slightly cheaper. its silly, but some people are like this. anwyays, ill write the bellow this once because we have new investors, but please dont feed the trolls from now onwards.
anyways, You can't value a security at the price of a cloud mining contract. its like valuing apple because of the price of their computers. here is a small number of the reasons. these are in no particular order,
1) it ignores the value of the hardware we accrue over time
2) It ignores reinvestment
3) it doesn't take into consideration the amounts of capital we have in the value of our data center
4) it doesn't take it account the already invested costs that will allow us to grow in the future sustainably
5) it doesn't take into consideration the good relationships with suppliers, we can get things cheaper and quicker because of this, bitmine is a prime example, our relationships and contracts hold leverage
6) it ignores the capital and competitive advantage we have from procuring our own hardware via our own PCB designs and production lines (this is arguably the most important, we were able to grow over 250TH/s in just over a week because of this, and can sustain that in the long-term. i can't stress how important this is, and how uniquely placed we are to grow because of it)
7) it ignores the fact we have complete control, we can adapt and do as we please when we please to suit the market. we are dynamic, not static.
it doesn't take into account price speculation (oculus rift wouldn't have been valued at 1/4 of its value when it was sold if it wasn't for this)
9) it doesn't take into account the accrued value of the community, or investor relations. when you have tens of people now and hundreds of people later who would work for free for this project that's invaluable.
10) it doesn't take into account our buying power, nor the economies of scale we can get from the size of our operation
11) and finally, i've saved this one for last. it doesn't take into account the experience and drive of the team we have who are constantly building this project, this experience and drive is what has got us to where we are now and its what will take us forward
anyways, i could go on and on, seriously. as i said before, you don't value apple because of the price it sells its computers. this is the best analogy i can give.
in other news. BTC has taken a drop which will slightly affect our hosting costs, but in good news, considering how dire the news actually is, a 10% drop is pretty amazing and shows we are probably not going to go much lower, i think 400 will be our bottom with a potential flash crash lasting an hour or two as the deadline comes closer to about 330. but this is just my opinion. head over to reddit.com/r/bitcoinmarkets and tradingview.com/s/bitcoin to see more indepth news and detailed analysis, in that order. anyways, dividends. guessing on them without running the numbers(it wouldn't be that fun guessing if i did would it?
) im going to go with a dividend of 0.00079 this week, and im putting next weeks dividend at 0.00093. with us breaking the 0.001 barrier the week after that.
anyways, stop feeding the trolls, it gives substance to their argument indirectly and makes them look credible. which trust me, bcmine isn't. its like asking a child to value a security and seeing what response they come up with, its cute, but its bullshit to say the least. anyways, people arguing is what he wants. lets stop it
looking forward to the update today and our record dividend!! hopefully cryptX is already looking at purchasing new chips so we can continue growing in the coming weeks at the rate we are growing now. steady growth in the share price is also a good sign, we have seen huge buy support this week and have hopefully shaken off most of the short-term holders from the IPO as new investors come in means we should start to see a long-term steady rise in the share price, as we seeing now.
anyways, looking forward to another great week. the 250TH/s that came in over the past week should secure my peace of mind for a while
apologies if this is at all hard to read, english is my first language but its definitely never been my strong point
i hope you all have a great week
and as always, thanks cryptx!
