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Investment opportunities / Re: [ANN] [DVC] ASCMDVCPT Cryptostock Investment
« Last post by FuzzyBear on June 27, 2013, 09:57:07 pm »Hey wiser,
Many thanks for you post and questions, some I will be able to answer but others I feel are speculation that I can not comment on this thread as it is the official thread for the listing and I could be held accountable for my words that may be more my perception as opposed to hard fact from your questions and I just don't want to run into any trouble down the line.
What I feel I can say at the time of writing this is the following:
ASICMiner as a company is very much past the initial setup phase of a company, they have raised money, done their initial R&D and have produced a product that is generating revenue back for them and the investors. They were the second company to ever produce a bitcoin mining ASIC and have expanded their line of products to allow individuals to mine using their chips they designed. To say if they are still starting out or midway is speculation on my part so that is up for you to make a decision on, as a LOT can change very quickly in companies, and bitcoin
I think we need to appreciate that this technology is cutting edge for the bitcoin network and we are only just at the initial phase of ASIC's.
Yes I read the post about the price of the ASCMDVCPT shares being currently overpriced compared to others.. I think there are many many factors that come into play why they were "overvalued" and perhaps I can explain a few here as there has been massive turmoil on the dvc value over the last few months in particular... since the initial listing the value has more than dropped to a 1/3rd of its value. That means that the initial shares listed were listed 3 times lower than they would be if they were listed now. Secondly the value of the ASICMiner shares have basically doubled... hence the value of the initial listing would be doubled again to meet the current value of the ASICMiner shares. So basically what I am saying is that in the 2 months of listing the shares, the value of the shares has more than increased by 6 times the original value... so those who bought the original priced shares have seen a massive increase in the value of the share solely due to two factors outside of the listing (value of dvc and ASICMiner share) add to that that cryptostocks is the only investment site you can spend dvc on and there are not many dvc listings hence the markets controls the price... some might say that it is too expensive, but others will say that it is a constantly changing market and others would say that it is better to buy now than see the price continue to rise further and regret not investing sooner!! But I am diverging here and speculating a lot, merely to show how some of the factors affect the market.
Hope this answers some of your questions, I want to help explain as investing in stocks and shares etc can seem baffling and you are never sure what to look for and how to know what is good to invest in etc, so I hope I have made some things clearfor you. I believe in the company ASICMiner and am in this for a LONG term investment, but everyone should manage their investment appropriately.
FuzzyBear
Many thanks for you post and questions, some I will be able to answer but others I feel are speculation that I can not comment on this thread as it is the official thread for the listing and I could be held accountable for my words that may be more my perception as opposed to hard fact from your questions and I just don't want to run into any trouble down the line.
What I feel I can say at the time of writing this is the following:
ASICMiner as a company is very much past the initial setup phase of a company, they have raised money, done their initial R&D and have produced a product that is generating revenue back for them and the investors. They were the second company to ever produce a bitcoin mining ASIC and have expanded their line of products to allow individuals to mine using their chips they designed. To say if they are still starting out or midway is speculation on my part so that is up for you to make a decision on, as a LOT can change very quickly in companies, and bitcoin
I think we need to appreciate that this technology is cutting edge for the bitcoin network and we are only just at the initial phase of ASIC's. Yes I read the post about the price of the ASCMDVCPT shares being currently overpriced compared to others.. I think there are many many factors that come into play why they were "overvalued" and perhaps I can explain a few here as there has been massive turmoil on the dvc value over the last few months in particular... since the initial listing the value has more than dropped to a 1/3rd of its value. That means that the initial shares listed were listed 3 times lower than they would be if they were listed now. Secondly the value of the ASICMiner shares have basically doubled... hence the value of the initial listing would be doubled again to meet the current value of the ASICMiner shares. So basically what I am saying is that in the 2 months of listing the shares, the value of the shares has more than increased by 6 times the original value... so those who bought the original priced shares have seen a massive increase in the value of the share solely due to two factors outside of the listing (value of dvc and ASICMiner share) add to that that cryptostocks is the only investment site you can spend dvc on and there are not many dvc listings hence the markets controls the price... some might say that it is too expensive, but others will say that it is a constantly changing market and others would say that it is better to buy now than see the price continue to rise further and regret not investing sooner!! But I am diverging here and speculating a lot, merely to show how some of the factors affect the market.
Hope this answers some of your questions, I want to help explain as investing in stocks and shares etc can seem baffling and you are never sure what to look for and how to know what is good to invest in etc, so I hope I have made some things clearfor you. I believe in the company ASICMiner and am in this for a LONG term investment, but everyone should manage their investment appropriately.
FuzzyBear
