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Showing 20 of 222 results by jmutch
Re: I'd call it a bottom right now. Maybe the lowest in the near future.
Waaaay too early to call the bottom yet. While I do like the fact that we bounced off almost the exact bottom of the mid-late november crash, there is plenty of pent up market frustration to still be released. This being the bottom, however, would fit quite nicely with the progressive shrinking of bubbles (32-->2, 266-->50, 1240-->455) = (93.75%, 81.2%, 63.3%)
cool analysis.
beats reading a lot of the speculation around here.
from experience, more often than not you loose money trying to play the market like that.
you have to make 3 risky trades to make a profit in your position. i'd hold and maybe buy a few more at a low to make yourself feel better. just like the second post said.
If you don't have any money left see it as a lesson
you have to make 3 risky trades to make a profit in your position. i'd hold and maybe buy a few more at a low to make yourself feel better. just like the second post said.
If you don't have any money left see it as a lesson
I got a feeling experienced traders are playing games with you lot.
Think I'll keep my coins safety in cold storage.
If others want them they will have to pay me more for them, not less. A *lot* more.
Think I'll keep my coins safety in cold storage.
If others want them they will have to pay me more for them, not less. A *lot* more.
+1
i think theres a few big dogs dicking around. it still wouldnt take much money(for uber rich people) to do this.
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
I'd be happy to liquidate shares later on for 1%. I'm from Australia. Getting verified at the moment
I have a feeling a better solution will present itself though.
I have a feeling a better solution will present itself though.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Probably because it isn't online yet, i'm sure if it was they would send to found blocks to their mining address so everybody can see, which is conceivably why they send the franchise payments there.. you can't see it because it hasn't happened.
Don't know if http://erpao.info is official, but it still reports 47 TH/s (in solo mining).
It is the unofficial but accurate record.
It seems the hash rate in the new data center, which should increase 3-5TH daily according to friedcat, is not included in this stat yet?
This 3-5th daily that friedcat was talking about was misinterpreted.Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?
Don't know if http://erpao.info is official, but it still reports 47 TH/s (in solo mining).
It is the unofficial but accurate record.
It seems the hash rate in the new data center, which should increase 3-5TH daily according to friedcat, is not included in this stat yet?
It's not being added daily, he was just showing the split of where the ~60th comes from. 3-5th=variance in reliability(i think)
Hopefully soon more hash will come online though.
After a lot of deliberation I've decided to close down Sandstorm.
This was done by:
1) Liquidating all assets
2) buying back my own 40,000 shares for 0 BTC
3) Buying back 60,000 public shares for .0008963 each
.0008963 correlates with last weeks NAV of 89.63. The value of the liquidated assets was considerably lower than last weeks NAV(before btct.co announcement) hence why I bought back my own shares for nothing.
After the btct.co announcement, Sandstorms NAV took a significant hit. It would be very difficult to recover the fund to anything close to IPO value whilst maintaining 1% dividends. The fund was turning into a value destroying operation. It is fair to say at this stage that the fund was a failure.
Overall the fund still came out positive due to ending on a pre btct.co announcement value.
From a 100BTC IPO. Shares were bought back for 89.63BTC(theoretical) +25.845BTC dividends =115.475
I'm aware that still is no consolation for those who bought above the IPO price. If its any consolation please be aware that I've personally taken a big loss from this.
Other personal reasons have also contributed to this closure.
No one was informed of the Sandstorm share buyback before it occurred.
This was done by:
1) Liquidating all assets
2) buying back my own 40,000 shares for 0 BTC
3) Buying back 60,000 public shares for .0008963 each
.0008963 correlates with last weeks NAV of 89.63. The value of the liquidated assets was considerably lower than last weeks NAV(before btct.co announcement) hence why I bought back my own shares for nothing.
After the btct.co announcement, Sandstorms NAV took a significant hit. It would be very difficult to recover the fund to anything close to IPO value whilst maintaining 1% dividends. The fund was turning into a value destroying operation. It is fair to say at this stage that the fund was a failure.
Overall the fund still came out positive due to ending on a pre btct.co announcement value.
From a 100BTC IPO. Shares were bought back for 89.63BTC(theoretical) +25.845BTC dividends =115.475
I'm aware that still is no consolation for those who bought above the IPO price. If its any consolation please be aware that I've personally taken a big loss from this.
Other personal reasons have also contributed to this closure.
No one was informed of the Sandstorm share buyback before it occurred.
ok so,
I found out about 30 minutes after the event. Sadly a lot of damage had been done by that stage.
Thankfully sandstorm isn't listed on btct
All assets will be transferred out according to issuers instructions.
Apart from ciphermine bond which is has nearly been liquidated at cost price.
This is a big hit to Sandstorm due to the long positions on btct. A better picture will be given on Friday.
I found out about 30 minutes after the event. Sadly a lot of damage had been done by that stage.
Thankfully sandstorm isn't listed on btct
All assets will be transferred out according to issuers instructions.
Apart from ciphermine bond which is has nearly been liquidated at cost price.
This is a big hit to Sandstorm due to the long positions on btct. A better picture will be given on Friday.
good thing noone cares anymore. Sounds like you've lost complete faith in sandstorm and in your skillset. When will sandstorm be closing down?
Gee talk about jumping to conclusions.
Definitely haven't lost fair in sandstorm or my skillset. Might prompt a change in strategy though.
Sandstorm won't be closing in the foreseeable future.
Not being cruel or anything, but you really should have lost some faith in your skillset. The fact that you haven't lost faith is why you should never manage other people's money or an investment fund. You are inexperienced and overconfident, and worst of all, you still appear to think you know what you are doing.
You lost more shareholder money than the general market change. For example, BTC-EQTY B fund lost just 16% in the same period that sandstorm lost what, like 60-80%? Same with BTCINVEST, it is down about 15-25%, so you lost far more than TF also.
For those who are still watching this thread: I told you so.
not sure where you are getting your "statistics" from.
good thing noone cares anymore. Sounds like you've lost complete faith in sandstorm and in your skillset. When will sandstorm be closing down?
Gee talk about jumping to conclusions.
Definitely haven't lost fair in sandstorm or my skillset. Might prompt a change in strategy though.
Sandstorm won't be closing in the foreseeable future.
Hi,
Noted.
Please don't get me wrong. I think rental starter is a great business model. It just that due to the exposure to fiat their growth will always be fighting the btc/usd exchange rate. This is only from the perspective of a fund which seeded in BTC.
It's nothing to do with a lack of patience. They were sold at a good price before the second round of fund raising. No regrets in doing that.
I know I'm in no place to judge strategies right now but that's just how I see it.
Noted.
Please don't get me wrong. I think rental starter is a great business model. It just that due to the exposure to fiat their growth will always be fighting the btc/usd exchange rate. This is only from the perspective of a fund which seeded in BTC.
It's nothing to do with a lack of patience. They were sold at a good price before the second round of fund raising. No regrets in doing that.
I know I'm in no place to judge strategies right now but that's just how I see it.
Weekly Report.
To be completely honest, things are not looking great for Sandstorm right now. Labcoin just saw a huge drop, lack of trustable information. Activeminer just saw a dump and ASICminer is continuing their general decline. Even btcQuick had a difficult week.
On a positive note ASICminer weekly cycles are easy to predict at the moment. As a way to offset the performance of the mining bonds ive spent a fair bit of time trading the Labcoin roller coaster and post dividend ASICminer price.
RentalStarter shares were liquidated for a good profit. I cant see this company having a huge amount of growth in the near future. The rise in BTC/USD works against this company.
1500 Labcoin shares were just bought. This is a part of the intra daily trading that I've been undertaking. These will be liquidated when/if the price rises again.
DMS-selling is still performing as expected due to the difficulty curve.
I think this is as bad as it will get.
Happy trading
more info:
https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE&usp=sharing
To be completely honest, things are not looking great for Sandstorm right now. Labcoin just saw a huge drop, lack of trustable information. Activeminer just saw a dump and ASICminer is continuing their general decline. Even btcQuick had a difficult week.
On a positive note ASICminer weekly cycles are easy to predict at the moment. As a way to offset the performance of the mining bonds ive spent a fair bit of time trading the Labcoin roller coaster and post dividend ASICminer price.
RentalStarter shares were liquidated for a good profit. I cant see this company having a huge amount of growth in the near future. The rise in BTC/USD works against this company.
1500 Labcoin shares were just bought. This is a part of the intra daily trading that I've been undertaking. These will be liquidated when/if the price rises again.
DMS-selling is still performing as expected due to the difficulty curve.
I think this is as bad as it will get.
Happy trading
more info:
https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE&usp=sharing
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
No, not mad. There used to be lot's of intelligent conversation here, but now it's just littered with your FUD. You might as well have your own thread.
+1
He's trying WAY too hard to be taken seriously. Ignored.
+1 for Vycid starting his own thread....
By the way networks probably passed 1petahash. Celebration time!
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
Posts quality = near zero here.
^^ lol you can def. Double that list with the last crash FUDers.
I've found one way to cut through it is to click on "labcoins" post history and form your own opinion...
Heres a link
https://bitcointalk.org/index.php?action=profile;u=120219;sa=showPosts
Weekly Report.
A fairly quiet week in comparison to previous times.
Unfortunately labcoin is acting in a way which makes it difficult to know what is really going on. Hopefully this will change in coming days with a real update. My sentiment is still somewhat positive towards labcoin. If what they have reported is true then the stock should see a rise in the next week.
One thing that this week has been excellent for is trading off of volatility. Sometimes this volatility correlates quite directly with manipulators on the bitcointalk.org threads. It makes it possible to see when someone is selling off due to emotion. This can be exploited. On two occasions when Labcoin was at .003 Sandstorm has bought shares for the purpose of flipping.
Some Ciphermine bonds were purchased. I see this as a good way to hedge against a possible fall in the BTC exchange rate. If the interest rate is no longer attractive they will be sold.
This week rental starter shares will be liquidated
NAV is still down, but stabilising. The only thing that will truly hurt sandstorm in coming days is if ActM or Labcoin fail or if ASICminer continues to decline past 2.0BTC.
Happy trading
more info:
https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE&usp=sharing
A fairly quiet week in comparison to previous times.
Unfortunately labcoin is acting in a way which makes it difficult to know what is really going on. Hopefully this will change in coming days with a real update. My sentiment is still somewhat positive towards labcoin. If what they have reported is true then the stock should see a rise in the next week.
One thing that this week has been excellent for is trading off of volatility. Sometimes this volatility correlates quite directly with manipulators on the bitcointalk.org threads. It makes it possible to see when someone is selling off due to emotion. This can be exploited. On two occasions when Labcoin was at .003 Sandstorm has bought shares for the purpose of flipping.
Some Ciphermine bonds were purchased. I see this as a good way to hedge against a possible fall in the BTC exchange rate. If the interest rate is no longer attractive they will be sold.
This week rental starter shares will be liquidated
NAV is still down, but stabilising. The only thing that will truly hurt sandstorm in coming days is if ActM or Labcoin fail or if ASICminer continues to decline past 2.0BTC.
Happy trading
more info:
https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE&usp=sharing
I don't understand? You claim to have a weekly profit of 5.067, however your NAV went from 116.13 to 107.28, which to me looks like you should be reporting a loss of 8.85?
In your analysis you say RentalStarter is stagnating, I think that is a narrowminded view of the situation. This is an asset which is dollar/physical asset based, so the recent increase of the BTC price should have pushed the price downward, the fact that the price of RentalStarter stayed pretty consistent means that it has increased in value along with bitcoins.
In your analysis you say RentalStarter is stagnating, I think that is a narrowminded view of the situation. This is an asset which is dollar/physical asset based, so the recent increase of the BTC price should have pushed the price downward, the fact that the price of RentalStarter stayed pretty consistent means that it has increased in value along with bitcoins.
Profits and losses are calculated from realised value in BTC denomination from trading and dividends etc.
This see's options as units and ignores their fluctuating value
NAV is simply a snapshot of the current value of all assets.
I do this as a way of accounting. It works.
If you are only interested in the actual value of Sandstorm just concentrate on the NAV. Keep in mind every dividend paid attacks the NAV.