Post
Topic
Board Securities
Re: ASICMINER Speculation Thread
by
nubbins
on 04/07/2013, 15:04:45 UTC
So to all you "Investors" that keep claiming 5 BTC is low, why aren't you snapping up all these shares?

At the risk of being cheeky, they aren't snapping up the shares because they dumped them all at 4.7-4.9 yesterday.

I disagree with your statement that share price won't drop to 4.5 once it passes 5; all I can see are those "hold, spartans!" memes on /r/Bitcoin when BTC/USD was $200+.

I should also mention that I'm not trying to antagonize people by being pessimistic. The "sky's the limit" crowd is a mixture of (a) genuinely optimistic investors, and (b) people trying to keep the price high while they cash out. Devil's advocates are necessary in times like these Wink

Care to take a guess as to the (a):(b) ratio?