I just wanted to start an open discussion on the topic of Asicminer. I will lead off by saying that I am NOT trying to bash the company itself, it's intentions or the viability. All I am wondering is:
Since such a HUGE amount of ASICMINER shares are held outside of listed shares, by individuals that have made (and continue to make) literally MILLIONS of dollars on the ever rising value of traded shares. What are the chances that some of these individuals are using funds from privately sold ASICMINER direct shares to inflate the value of the traded instrument, allowing for a higher sale price of their direct shares and completing the cycle of a very long and profitable pump?
I sure as hell would see literally a MILLION reasons to do this if I owned say 2-3 board seats (5k direct shares) worth 2 million USD+ at current price.
Discuss!
Since such a HUGE amount of ASICMINER shares are held outside of listed shares, by individuals that have made (and continue to make) literally MILLIONS of dollars on the ever rising value of traded shares. What are the chances that some of these individuals are using funds from privately sold ASICMINER direct shares to inflate the value of the traded instrument, allowing for a higher sale price of their direct shares and completing the cycle of a very long and profitable pump?
I sure as hell would see literally a MILLION reasons to do this if I owned say 2-3 board seats (5k direct shares) worth 2 million USD+ at current price.
Discuss!
Could happen, but until the general public has a better option than 25% APR (or what it's at) then it's not going to crash hard, and will likely stay the same or go up. That better option will likely come in the form of a competitor, but none are reliable at the moment. If BFL, Avalon, Bitfury could actually ship large quantities....
You've got some possible startups like cryptotrade but they're sketchier. You've got 30% at coinlenders and you've got to trust that more than friedcat + AM, and give up the exciting gamble of AM.
Anyway, right now normal people are just chasing asks. There isn't much going on, so there's not much we can do to pump other than what you see, facts, announcements, and often speculation.
I agree. I am just hypothesizing that ASICMINER currently is in the 'Bubble phase' and that people are buying based on the 'It goes up ever day' trend rather then the underlying value. At current valuation there is basically no room for error even if AM manages to deliver on their lofty hash-speed rollout plans.
