908700+ entries in 0.605s
KRS-1: how often are
those dividends paid again?
ThickAsThieves: it fell when BFL didnt deliver, and now has risen
that BFL
tricked everyone again
mircea_popescu: in general, not just mpoe, not just mpex, not even just financials. mtgox book is puffy
too
ThickAsThieves: MPOE real depth: 15,507,117 shares bid0.00039496 avg price6124.63BTC
total
Chaang-Noi: i sold at 134 230 and 255
then 135 again, i want 70 or 80
mircea_popescu: i've not sold any in a while,
the volume is lower but
the price is on a definite uptrend
jurov: Goat
thinks his droppings contain seeds of
truth.
mircea_popescu: i am shocked and amazed how rapidly all
that got resolved.
Chaang-Noi: The droppings of
the goats contain
the kernels of
the seeds
they consume which are, strangely enough, used by locals
to press and grind into oil.
mircea_popescu: ThickAsThieves
they are in
the
top, somewhere between 2 and 3 atm.
mircea_popescu: not so
that X dood gets
to
turn his civic in for a rover.
ThickAsThieves: but it's no easy argument saying
they are not
top 3 if not #1 btc biz
mircea_popescu: it's just about darned
time everybody understands we;'re here
to
turn btc into a
trillion dollar
thing
mircea_popescu: anyway,
the moral of all
this : amateur hour will keep us small.
Chaang-Noi: lol, controling
the price of your own stock on your own exchange, lol
mircea_popescu: and
this is why you need
to be bitchslapped ocasionally, you forget reality in favour of your own fantasy
Chaang-Noi: there are 5 or so pass
throughs but most of
the volume is OTc anyway
mircea_popescu: Chaang-Noi i own millions of s.mpoe. it went from 2
to 70
Chaang-Noi: and he is sad cuz s dice is crashing and
that was
the only stock he had :/
Chaang-Noi: lol mp is just jelly AMis best stock ever and
they want nothing
to do with him
mircea_popescu: ThickAsThieves people need
to understand
their place, otherwise goats will climb in
the
tree.
Chaang-Noi: its
the only stock i hold at
this point and its held direct with friedcat (other
than some day
trading with
the pts)
ThickAsThieves: i have a much harder
time profiting from my sdice position
Chaang-Noi: AM is about
the most liquid
thing ever,
Chaang-Noi: mp AM is on like every exchange other
than yours, and on some of
them more
than once
mircea_popescu: meanwhile clowns argue about how
they're happy... well, no,
they're stuck.
mircea_popescu: and now...
they can't sell because 1 unit sold moves
the market
mircea_popescu: the contention is : am investors put in .1,
took
the risk, survived it.
mircea_popescu: course his investors are in general
too clueless
to realise, so he can manage
to get away with it
Chaang-Noi: and mp lol
that you
think i know what happened with my accounts with pirate :)
mircea_popescu: which is exactly what's going on here, by refusing his investors liquidity friedcat is fucking
them in
teh wazoo
Chaang-Noi: iv collected a lot more money from AM
than i put in, and still hold a large amount
mircea_popescu: that making 1.5 out of .1 is ONLY GOOD if you actually
take
the 1.5
Chaang-Noi: buying AM at 1.5 is not
the same as buying at .1 i
think AM was a long shot and might not have done as well as it did, but it did, and is
turningout
to be best btc investment evar
mircea_popescu: (ie, people willing
to overpay just
to feel warmly involved)
jurov: ThickAsThieves: you
think am is like intel?
ThickAsThieves: this also presumes
there arent more ways he can diversify
mircea_popescu: because you'll end up spending loads on new
tech but your income is pretty much fixed (or even declining)
mircea_popescu: but
the condensed moral is : it's never worth it
to participate in a commodified business which is being actively researched
mircea_popescu: if you have
the
time and curiosity, read warren buffett's discussion of his woes in
the
textile
trade.
mircea_popescu: Chaang-Noi and yet you don;t
think 1.5 for am is
too high.
ThickAsThieves: he is positioned
to be
the definition of all
that is bitcoin mining
Chaang-Noi: he was able
to sell it, and
that is great for him, im glad he did, but as some one who was looking
to buy, i
think he sold
too high and
the people who did give him money wont see it back, i could be wrong but i doubt it
mircea_popescu: and in general,
there's always going
to be
this wild eyed "o, i will invest 100k into btc i expect 3475786895 billion"
ThickAsThieves: how do you know
that friedct isnt already
thinking 10 steps ahead?
truff1es: was
that a general you or you being chaang?
mircea_popescu: it's a simple matter of you
trying
to make your shoestring into fabled riches.
Chaang-Noi: erik did what was best for him, but in
the long run i bet people who
trusted him dont make
their money back
mircea_popescu: selling for a right price != selling
to a bunch of suckers.
Chaang-Noi: i
think erik sold
to a bunch of suckers :)
Chaang-Noi: as a share holder im happy with friedcat and would be pissed at eric, but i never bought in cuz i
thought eric sold
too high
mircea_popescu: friedcat is quite apt at preventing his investors from realising
their risk premiums
ThickAsThieves: so on one hand erik is better at making money for himself, and
the other friedcat is running his business better
mircea_popescu: the hard working farmer who didn't understand banks ended up poorer
than
the lazy guy who never worked.
Chaang-Noi: jurov in 2 months we should have 200
th or more bfl cant get close
tothat
mircea_popescu: ThickAsThieves no, i
think he's just not as financially clueless as friedcat.
ThickAsThieves: mp, so you
think erik is managing his business better?
mircea_popescu: actually erik is engaged
to
this girl he;'s beeb with for what, 7-8 years now ?
jurov: there's no reason am's
tech lead will stay more
than few months
mircea_popescu: nah. his
time
to seize
the moment was when
the girl said
mircea_popescu: and
this means deals select : idiots
there, sane people here.
Chaang-Noi: long
term am is going
to kill s dice as an investment:) no doubt