Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
EskimoBob
on 07/07/2013, 14:32:12 UTC
...
Let's assume they are intelligent, and they know the bitcoin market better than others. When would they sell? When the price was $150 or when the price was $60?

Money for nothing? Don't be ridiculous. They are mining something of value. They want to maximise their returns, not sell out near the bottom of the market.

Put simply: they are professionals, not panicky amateurs of which there are so many in the bitcoin market.

Who? AM team? They are probably really good programmers and engineers but that is where it ends.

I have no wish to be right that AM is dumping BTC or that those few lucky, who got the ASIC hardware, are doing it.
I actually hope we can do +40% run and end up back at 100 area. When fear and greed are only forces, that set BTC price (there are no fundamental reasons) anything can happen.

Now, lets get back to AM. I hope that friedcat can finally find a accountant competent enough to produce some financial reports, so we can find out, how AM is actually doing.
For fuck sake guys, this is beyond pathetic. A multimillion Co can not find a accountant? In China!? Honestly, this is absurd and those guys better be embarrassed.

PS! Cheers and keep up the good work...