Hi, I'm the whale.
No, I'm not a board member and I haven't been since April.
I was kind of concerned about having board membership earlier this year because if I did want to liquidate I didn't want to have some sort of insider trading bullshit pinned on me. Also I panic sold enough shares to lose board membership and regretted it later on.
Why was I liquidating?
- I wanted to prepare my bitcoins for the massive BTCUSD bubble which is coming pretty soon and started getting anxious when ASICMINER shares were slowly dropping
- Dividend sucked and I expected gigantic panic sells so I threw all my shares out there.
Why did I stop liquidating (for now)?
- Someone who I think has a pretty informed position in ASICMINER bought a lot of shares from me and so, screw it, if I'm going to lose 25% in a day I might as well stick it out with this guy
- Then I started getting a ton of PMs for buying shares at market price and realized I might want to wait before I sell too many more, as I was selling some shares way too low.
- All my offers were being filled by big players, which is usually when you know you're making shitty trades.
- friedcat has more things to announce, it's not like they planned ~6 months worth of stuff for nothing.
I'm not done selling obviously but I'm definitely done panicking.
Whales are people too. Thanks for being candid. One less mystery to worry about and comforting news if your suspicions are correct about the big player buys.
Or you could be pumping up the price. What do you think, Vycid, is this guy lying or not?