furuknap: I don't see why they couldn't used the raised funds to make purchases already, though. I mean, if a great deal comes up and they're short a few bonds, they lose out even if they have the funds at hand.

furuknap: I did, but it wasn't entirely clear when the orders were placed.

furuknap: Nah, I don't gamble, and that applies to my investing too. Boring, yeah, but I sleep well with open positions.

furuknap: I don't play pokwer so I have no idea what that means :-)

furuknap: In fact, like I showed in the updated question today, you have a 10x higher profitability in $ if the price goes down.

furuknap: I mean BTC prices in fiat or whatever other currency or holding you have. Same applies if you hold LTC.

furuknap: I worry because others are greedy. I try to be greedy when others worry.

furuknap: Oh, I know. The herd thing is dangerous. I just hope it doesn't taint BTC assets in general as bubble shares. I fear the train may have left for AM.

furuknap: Actually, I hope this buyer doesn't get burned more than they can survive.

furuknap: I hope this buyer has a lot of spare money and really, really doesn't mind losing it.

furuknap: I understand. Maybe someone else will jump on it, then :-)

furuknap: When I talk to financial people, they tend to argue that "well, buying hardware is so much of a hassle, and what if it breaks? You're left with nothing!" not realizing how a miner with some hardwre competence can fix or replace hardware as easily as they purchase an option or future.

furuknap: That is, and I'm not joking, the topic of my next article :-) Miners have a limited understanding of finance, just as financial people have a limited understanding of mining. When I talk to miners, they seem to argue that "just holding coins is really bad if the price drops while a miner can always resell his hardware" and not understanding anything about hedges in finance.

furuknap: I'm not sure it is as random as that. I wrote the article based on a lot of questions asked on the Reddit forums and people universally tended to completely ignore the effect of price fluctuations of their gear. One miner had just bought around 50 GPUs and hadn't realized that when the price of LTC dropped, he actually earned more from just having that gear than from mining.

furuknap: I see. I'm fine with using provocative wording to cause a reaction. People tend to remember (if not agree) with statements that strongly contradict their perception of reality.

furuknap: Yup, I get what you're saying about that :-)

furuknap: I'm trying to understand what I did wrong, definitely. Talking about getting married as an investment doesn't do that.

furuknap: Mining equipment is such a commodity. In fact, that's why I used the currency trick in the first section.

furuknap: No? Definitely not sure I'm following you, unless you're talking about a wife being a commodity that can be resold at a lower price point and you have to pay to get her.

furuknap: Then I'm not following you.

furuknap: I updated my article on why Mining investments is always a bet that prices will drop. Added a new question: http://coin.furuknap.net/why-investing-in-mining-is-always-a-bet-that-prices-will-drop/

furuknap: It's actually very fancy because it does exactly what someone needs. I like it.

furuknap: I see.

furuknap: Ah... Sierracharts has some nice analysis features. If you do C++, it shouldn't be too hard to map that there. I've been pondering writing a BTCT trade engine module, but I realized it's 20 years since I wrote C++, so I skipped it :-)