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Topic: [TAT.VIRTUALMINE] - page 9. (Read 39830 times)

full member
Activity: 140
Merit: 100
June 22, 2013, 07:27:59 AM
Dont talk bullshit.. we are not talking about a month or a year.. the time frame is 2 freakin days..
hero member
Activity: 728
Merit: 500
June 22, 2013, 07:25:27 AM
well we knew about the yield per bond but we did not expect the share prices to drop.. and that has nothing to do with difficulty..

Except that the price of the share is linked to its yield. If something makes me twice the amount of money per share, I will be willing to pay twice the price for it. And vice versa, if the yield of an investment goes down by a certain amount, the price should go down as well.

Because using your logic, you expected the price of the share to stay the same even if years from now the difficulty is 100x as high and the dividend you get is almost nothing? Why would anyone purchase that share for the original price at that time?

Again, when you invest you're supposed to put a little bit of thought into where you stick your money in. And, to quote Deprived, there are no good or bad investments, only investments that are good or bad for the price. TAT.VIRTUALMINE is a good investment for some price-range. The question an investor should ask is: For what price-range? The DMS-securities by Deprived have been made as something of an experiment to see what people think the right price-range should be for a PMB.
full member
Activity: 140
Merit: 100
June 22, 2013, 07:24:14 AM
ThickAsThieves:

YOU have made profit from my loss. Yes, YOU. Nobody else did, if I lose a bitcoin YOU PROFITED ONE BITCOIN.

I demand a refund of my shares at the IPO price. You do not pay anything, you just have to give your profit back!

Now, this would be unreasonable if we both made profit. But only you made profit - it is only possible for you and only you to gain!

You know thats not gonna happen.. he wont part with his profits would he..
member
Activity: 84
Merit: 10
Bitcoin Play!
June 22, 2013, 07:23:42 AM
When the price of this drops, this thief can buy back for cheaper. So it is in his interest to drop the price.

Please leave negative feedback for thickasthieves! I just did. Make him regret profiting from his investors. This is wrong.
full member
Activity: 140
Merit: 100
June 22, 2013, 07:23:05 AM
But at what rate?? since yesterday they have dropped down from 0.0057 to 0.0045.. thats huge.. the only thing is that TAT doesnt seem to care about saving this asset at all.. any kid of positive reinforcement would surely help stabilise the situation
member
Activity: 84
Merit: 10
Bitcoin Play!
June 22, 2013, 07:21:41 AM
ThickAsThieves:

YOU have made profit from my loss. Yes, YOU. Nobody else did, if I lose a bitcoin YOU PROFITED ONE BITCOIN.

I demand a refund of my shares at the IPO price. You do not pay anything, you just have to give your profit back!

Now, this would be unreasonable if we both made profit. But only you made profit - it is only possible for you and only you to gain!
full member
Activity: 230
Merit: 100
June 22, 2013, 07:20:53 AM
well we knew about the yield per bond but we did not expect the share prices to drop.. and that has nothing to do with difficulty..


If dividend goes down, the bond prices will as well to maintain the same yield for new investors. Noone pays 0.007 for the bond if dividend is cut down 20, 30 oder 40%
full member
Activity: 140
Merit: 100
June 22, 2013, 07:18:13 AM
well we knew about the yield per bond but we did not expect the share prices to drop.. and that has nothing to do with difficulty..
member
Activity: 84
Merit: 10
Bitcoin Play!
June 22, 2013, 07:17:38 AM
This asset is rigged from the start, while it is not illegal for him to do this, and it is not scamming, he is getting money from investors who believed in his name.

You mean investors that don't read the contract and/or are not capable of independent thought?
Look there are some people where if I invest with them, I make money. For example, MP.

Now ThickAsTheives is one that will screw you over and screw his reputation over.

Is getting raped by my ex my fault too?

My 2 cents: avoid this dishonorable thief.
full member
Activity: 230
Merit: 100
June 22, 2013, 07:17:03 AM
He can assure his investors a higher dividend.. take a chip out from his profits from asicminer and try build up the confidence in the market.. thats would i would have done if i really cared about the asset and the people who put their trust in him..
All he would do is show the agreement in bold.. thats indifference my brother..
That's ridiculous. Investors simply buy a 1mh/s bond. With rising difficulty dividends will shrink, similarly will bond prices. Investors who don't understand this, shouldn't invest. Or ask Asicminer to stop mining for a few weeks.
hero member
Activity: 728
Merit: 500
June 22, 2013, 07:15:47 AM
This asset is rigged from the start, while it is not illegal for him to do this, and it is not scamming, he is getting money from investors who believed in his name.

You mean investors that don't read the contract and/or are not capable of independent thought?
member
Activity: 84
Merit: 10
Bitcoin Play!
June 22, 2013, 07:13:28 AM
This asset is rigged from the start, while it is not illegal for him to do this, and it is not scamming, he is getting money from investors who believed in his name.

I am no longer doing any business with him.
hero member
Activity: 728
Merit: 500
June 22, 2013, 07:11:19 AM
He can assure his investors a higher dividend.. take a chip out from his profits from asicminer and try build up the confidence in the market.. thats would i would have done if i really cared about the asset and the people who put their trust in him..
All he would do is show the agreement in bold.. thats indifference my brother..

I guess you would also complain to an ASIC manufacturer if the ASIC you bought starts to yield less returns due to increase in difficulty?

This asset works the same as mining BTC yourself. You buy something that produces periodic mining yields, depending on the difficulty and you may resell it for whatever the market is willing to pay.

If you don't take into account the risk of increased difficulty and its effect on dividend and asset-price, you have only yourself to blame. The terms of this asset are extremely clear and without unnecessary technical jargon. And any small amount of research into BTC mining would've revealed the strong upward trend of difficulty and the corresponding downward trend of yields.

It sounds like you were expecting an infinite stream of constant payments out of this, while at any point being able to step out and collect your profits. Investments don't work that way.
member
Activity: 84
Merit: 10
Bitcoin Play!
June 22, 2013, 07:10:26 AM
Thanks Thief You have just lost me money. I am selling your asicminer pt shares, and I am not doing business with you again.
member
Activity: 67
Merit: 10
June 22, 2013, 07:09:24 AM
He can assure his investors a higher dividend.. take a chip out from his profits from asicminer and try build up the confidence in the market.. thats would i would have done if i really cared about the asset and the people who put their trust in him..
All he would do is show the agreement in bold.. thats indifference my brother..

That is ridiculous. The exact conditions of the bond were clear right from the start. Anyone who expects consolation prizes or goodwill gifts shouldn't go anywhere near stocks, bonds or money business in general.
full member
Activity: 140
Merit: 100
June 22, 2013, 06:56:47 AM
He can assure his investors a higher dividend.. take a chip out from his profits from asicminer and try build up the confidence in the market.. thats would i would have done if i really cared about the asset and the people who put their trust in him..
All he would do is show the agreement in bold.. thats indifference my brother..
full member
Activity: 196
Merit: 100
June 22, 2013, 06:49:46 AM
looks like its the first case here.. investors seem pissed.. and the indifferent attitude of TAT isnt helping either..
I wouldnt say indifferent. The market is doing its thing, there isnt really anything he can do.
full member
Activity: 140
Merit: 100
June 22, 2013, 06:47:05 AM
looks like its the first case here.. investors seem pissed.. and the indifferent attitude of TAT isnt helping either..
vip
Activity: 1316
Merit: 1043
👻
June 22, 2013, 06:33:43 AM
That's kinda the problem when you offer investments that are zero sum games - either you make a profit (and piss off your investors who made a loss), or you make a loss (but your investors make a profit).
full member
Activity: 196
Merit: 100
June 22, 2013, 06:32:19 AM
Ok I did a little math. At the current difficulty and with the current dividend, it will take IPO buyers 76 days to recoup the losses they have sustained from the IPO price.

Oh well, live and learn Smiley
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