Ninjastic
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Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
runeks
on 23/09/2013, 10:46:28 UTC
Quote from: empoweoqwj on September 23, 2013, 10:38:54 AM
Quote from: runeks on September 23, 2013, 10:34:42 AM
Quote from: circuitry on September 23, 2013, 10:22:11 AM
I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.


People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

Thanks for sticking the knife in - we're hurting enough already  Wink
Although I realize it might be painful for previous investors to be reminded of this, I think new investors might appreciate this advice. Smiley

People keep saying "the annual return is X%", when the fact of the matter is that no one knows what the rate of return will be.

I think it's high time we let this myth die. Your rate of return is something you calculate in retrospect, not something you know before investing in an asset.