So I've read all the way to page 20 on the ASIC Miner thread you pointed me to. It's quite a story so far. Good thing as I've been needing some exciting reading material :-)
A couple questions which may or may not get answered further down on that thread, but feel free to weigh in on in you wish:
1. People who bought shares back when they were selling at 0.1 BTC and while BTC was less than thirty dollars (not sure how high it was back in the day but I just got past the part where it crashed to something like $10 per BTC) are sure sitting pretty now if they kept their shares, as they are now valued at 3.41 BTC with BTC being close to $100. I'm wondering about the continued potential for growth in value of the shares now. Where would you say the company is at now? Still starting out? Midway? I guess another way to put it is to what extent have ASIC chips already been sold to their customers? Have they sold to most of the ones who will buy, or are they just beginning to get into the market with lots of yet unrealized potential for new customers? I know it's only been a few months, but anyway, I'm just learning about it. What price might the share be say in a year, five years, ten years? I'd be buying shares for the dividends at this point (I prefer to buy and hold rather than do frequent trades). Still, it would seem to me that the potential for the share itself to grow would equate to increased dividends per share as well. Mainly I want to rule out that coming in now, I'd be buying at a high point where it stays the same or drops as opposed to buying on the upside. Your thoughts?
2. Specifically on the DVC PT share, someone on another thread pointed out that it's overvalued compared to what the share is worth in BTC. I did the math and he's right. The share is currently trading at 8,000 to 9,000 DVC but at the current Vircurex exchange rate, shares should be right around 4,000 DVC each. I'm guessing the overvaluing is a combination of Cryptostocks being a fairly small platform and people buying the shares without necessarily knowing all the fundamentals as well as having lots of DVC to spend. But I wouldn't want to buy them for any higher than the true market price because then I'd lose out when it corrected. Any possibility of issuing more shares to maybe bring the price down a bit? Any other way to "encourage" a correction sooner rather than later?
So far, it's looking good, so I'm hoping this will be a good investment for me.
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