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Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 678. (Read 1079974 times)

sr. member
Activity: 392
Merit: 250
WTF? Please stop making a fool of yourself and go learn some portfolio theory. There is beta associated with all securities, and proper diversification reduces your net beta without impacting alpha.

The risk level associated with a security may change with the price level, and therefore it may make a great deal of sense to eliminate (or add) fractions of your position.

Not to mention there may be marginal utility for your equity. You may be unwilling to lose the second BTC of the current 2 BTC investment a lot more than the first,  and therefore liquidate 1 BTC.
First of all, you're entirely missing my point. Second, I don't believe in "portfolio theory". It makes assumptions that are far from fact, and is ultimately only trying to fiddle around in a null-sum game. Same thing with dollar cost averaging, another great investment theory... I don't need to study this stuff in detail to intuitively know that it can't hold up.
Just like I know that someone is not going to trick the law of conservation of energy by trying to fly by holding a magnet over his head while wearing a metal helmet.
I have little intentions to further discuss this with you, since you obviously can't even respond to someone else's opinion without calling them a fool. Go believe what you want.
legendary
Activity: 826
Merit: 1004
I don't expect LC to jump immediately to be on par with AM.

Oh, I'm sorry, I thought you said this:
If you think LC won't be above 0.01 BTC when hashing starts you're ignoring the maths, making you delusional.

Huh That doesn't make LC on par with AM.  Roll Eyes
sr. member
Activity: 476
Merit: 250
I don't expect LC to jump immediately to be on par with AM.

Oh, I'm sorry, I thought you said this:
If you think LC won't be above 0.01 BTC when hashing starts you're ignoring the maths, making you delusional.
legendary
Activity: 826
Merit: 1004
Comparing LC in 2 weeks time to AM when it fist started mining is simply idiotic. AM will be the already established competitor, making it perfectly valid to use it's current state as a basis for comparisons at the time LC start mining within the next 10 days.

so, you think the market will judge an established company with a 12 month track record equally as one that starts hashing next week?  Ridiculous.

The risk is completely different on each security, and that's why when AM started hashing we saw APRs of over 70% for quite a while.  Gradually, as AM proved themselves, that APR went down (share price increased).  Expecting LC to jump immediately to be on par with AM ignores the significant risk LC carries.

There is no reason to assume that investors will be comfortable with APRs for LC as they are currently for AM.  LC is going to have to prove itself over time, and hashing at 4 TH/s is not proof that they are a stable investment worthy of a 30% APR share price.

I don't expect LC to jump immediately to be on par with AM. That comparison is basically a best case scenario for LC. However, once that comparison is made, it is straight forward to calculate income when LC is x% as profitable as AM.

I also don't see LC being any more risky than AM and I'm investing to make a profit, so I'm going to put my money where the opportunity to make profit is the greatest. A lot of other people will be doing the same because it's simply the most logical thing to do.
newbie
Activity: 38
Merit: 0
I bought shares in LC as an investment. I actuallu aquired more BTC just so I could buy more shares. Haven't sold a single share, and won't be doing so in the near future. This is a long term investment from my standpoint. From what I have read, I believe LC will be profitable, so I will sit quietly on my shares until the company tanks or I am forced by external circumstances to collect BTC and transfer to FIAT.

Also, all this countdown watch etc is a bit silly, really. You can claim "we have to demand they stick to their words" all you want. Fact is, in real life, things rarely go 100% according to plan. So even though I carry no weight except being an investor myself, my tip would be to sit back, relax, enjoy life and take a chance. Who knows, it might be good for us all to not read forums and check market prices all day long Smiley
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
wow, major sell off, 50K shares.

Yeah I was a bit suprised what I saw that


Watching the Asks and bids alone change every few mins is interesting
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
You do understand that you're never totally sure the investment will rise in the future, right?

That is the irrational part. The part where you're afraid that your judgement might turn out wrong.

A completely rational investment decision looks at the risk and the potential profit and decides to either invest or not invest.
And then if the risk evaluation changes over time and the potential profit becomes lower than the risk of losing, you'd take 100% out. It is not a solid investment anymore. You wouldn't decide to keep 75% in, or 50%, because it wouldn't make mathematical sense.

Just to be clear though, what I mean is that a perfectly rational investor doesn't exist, because making perfectly rational risk assessments is impossible.

WTF? Please stop making a fool of yourself and go learn some portfolio theory. There is beta associated with all securities, and proper diversification reduces your net beta without impacting alpha.

The risk level associated with a security may change with the price level, and therefore it may make a great deal of sense to eliminate (or add) fractions of your position.

Not to mention there may be marginal utility for your equity. You may be unwilling to lose the second BTC of the current 2 BTC investment a lot more than the first,  and therefore liquidate 1 BTC.
sr. member
Activity: 476
Merit: 250
wow, major sell off, 50K shares.
sr. member
Activity: 476
Merit: 250
Comparing LC in 2 weeks time to AM when it fist started mining is simply idiotic. AM will be the already established competitor, making it perfectly valid to use it's current state as a basis for comparisons at the time LC start mining within the next 10 days.

so, you think the market will judge an established company with a 12 month track record equally as one that starts hashing next week?  Ridiculous.

The risk is completely different on each security, and that's why when AM started hashing we saw APRs of over 70% for quite a while.  Gradually, as AM proved themselves, that APR went down (share price increased).  Expecting LC to jump immediately to be on par with AM ignores the significant risk LC carries.

There is no reason to assume that investors will be comfortable with APRs for LC as they are currently for AM.  LC is going to have to prove itself over time, and hashing at 4 TH/s is not proof that they are a stable investment worthy of a 30% APR share price.
sr. member
Activity: 392
Merit: 250
You do understand that you're never totally sure the investment will rise in the future, right?

That is the irrational part. The part where you're afraid that your judgement might turn out wrong.

A completely rational investment decision looks at the risk and the potential profit and decides to either invest or not invest.
And then if the risk evaluation changes over time and the potential profit becomes lower than the risk of losing, you'd take 100% out. It is not a solid investment anymore. You wouldn't decide to keep 75% in, or 50%, because it wouldn't make mathematical sense.

Just to be clear though, what I mean is that a perfectly rational investor doesn't exist, because making perfectly rational risk assessments is impossible.
sr. member
Activity: 378
Merit: 250
you guys think so short term. i bet if you had the chance to buy into asicminer you would have sold off at .2 to .3.

True, I learned quickly when I took profits on litecoin, bought 7 cents sold 15 cents.
Then it peaked at $6. (could've been a millionaire! not making that mistake again)
 
You sold at $0.15 and then completely ignored LTC price for a couple weeks? You aren't necessarily supposed to sell and never look back. You sell at the peak and buy back in the sell-off.
legendary
Activity: 1025
Merit: 1000
you guys think so short term. i bet if you had the chance to buy into asicminer you would have sold off at .2 to .3.

True, I learned quickly when I took profits on litecoin, bought 7 cents sold 15 cents.
Then it peaked at $6. (could've been a millionaire! not making that mistake again)
 
sr. member
Activity: 392
Merit: 250
It is perfectly rational to sell a share when you are at ×2/×3, outside of other information. Traditional investors have similar sayings, but for 30%.
You can even sell only half and have all your investment back, with half the shares left.

It's not perfectly rational. It's emotional, just a psychological method to calm yourself down so you can think "ok, phew, I got my initial investment out of there, nothing can go wrong from here."
It's completely understandable, but not rational. If you believe in the value of your investment and that it will rise in the future, the rational decision is to stay invested.



sr. member
Activity: 378
Merit: 250
you guys think so short term. i bet if you had the chance to buy into asicminer you would have sold off at .2 to .3.
Because currently in the Bitcoin world there are too many other opportunities to make money. It would be stupid to just buy and sit on stuff without taking your profit. Because it is likely going to swing back and forth multiple times from point A to point B. That type of strategy works in the matured financial markets but here it is kinda like shooting yourself in the foot.
sr. member
Activity: 392
Merit: 250
http://casinobitco.in/ A+ customer support
you guys think so short term. i bet if you had the chance to buy into asicminer you would have sold off at .2 to .3.
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
I just accidentally purchased ActM shares instead of LC. This freaking sucks.


How many and how much?


about 4500 shares for .00349. I was trying to set a buy for LC but was on the wrong window.

Weekend slump sale.

You might get lucky.

If it goes under .0029 I might buy a few but only as a very short term investment.

sr. member
Activity: 378
Merit: 250
I just accidentally purchased ActM shares instead of LC. This freaking sucks.


How many and how much?


about 4500 shares for .00349. I was trying to set a buy for LC but was on the wrong window.
legendary
Activity: 826
Merit: 1004
If you think LC won't be above 0.01 BTC when hashing starts you're ignoring the maths, making you delusional.

you can't compare LC to the AM of today, you have to compare LC to the AM that first started hashing.  Returns were much higher, share price much lower for the amount of dividends.  Only after people gained confidence in AM did the share price rise compared to the dividend.

LC may eventually make it to .01, but not next week.

Comparing LC in 2 weeks time to AM when it fist started mining is simply idiotic. AM will be the already established competitor, making it perfectly valid to use it's current state as a basis for comparisons at the time LC start mining within the next 10 days.

You've already shown that you don't grasp basic maths, Vela, and put faith before facts, so I'm not really surprised you don't understand why LC will rise above 0.01 BTC.

Look at the numbers I've presented though, they're calling you an idiot.
hero member
Activity: 1008
Merit: 537
I just accidentally purchased ActM shares instead of LC. This freaking sucks.

ahahahaha I did that too but on purpose, sold them a few hours later with a small margin xD
legendary
Activity: 1176
Merit: 1015
I just accidentally purchased ActM shares instead of LC. This freaking sucks.

I hope you didn't buy too many. The good news is you get a dividend paid from investor funds. :p
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