Quote from: BitThink on January 27, 2014, 01:49:11 AM

Quote from: empoweoqwj on January 27, 2014, 01:36:46 AM

Quote from: kirawei on January 27, 2014, 01:33:22 AM

think someone is making the price down and then buy back!!! use people's fear!!

People pushed the price up to 0.70BTC for no other reason than the 20th January was approaching. I said how stupid it was at the time to buy based purely on a date. Those same people are now being punished by the price drop. There is no "conspiracy" here or game playing, just bad tactics.

That's exactly why a public company should be very careful in announcing an exact date of important milestone. Once you announced, you have responsibility to keep updating the progress.

Moreover, a hero member said couple of pages before that he got reply from Friedcat on 17 Jan that 'everything is still on track about the taping out on 20 Jan'. Do you know what this mean? If this is true, friedcat has clearly violated the security market rule. He gave an important information to his friend but keep all other investors in the dark. In real stock market, this could lead him to the jail.

I know BTC stock market is the wild west, and no rule here at all, but I really think this kind of things make me believe that AM, and the whole BTC stock market, is not worth investing any more. It's just a place for insiders to grab wealth from the new comers. For all new comers, keep your BTC in cold storage and you will never regret about that.

I kind of agree, but like you say, this isn't a real stock market, so we can't lock FC up Wink

Also, just because a hero member said something doesn't necessarily make it true. I asked in this thread where he got this info and he didn't reply. Who knows, he could have been "playing the market".

its a really murky world for sure. But Wall St is just as bad, if not worse.