Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
101111
on 16/08/2013, 09:15:31 UTC
Bitcoiners are a very idealistic and optimistic bunch, so naturally there's people waiting to buy AM shares at BTC3.8 on the belief that "it's just worth more". But equities markets are often savage in their adjustments, and this is a serious powder keg... I'm going to go on record as saying that AM will not yield 1.6 million bitcoins in profit in the next ten years (P/E ratio of 10). When people realize that, and try to cash in on their shares, there will be bagholders.

Fact: Over 30% APR. No idealism necessary.

Fact: 10 year forecast is pure fantasy.