Quote:
Originally Posted by - Jesus Christ -
Just like any economy there are all kinds of things going on within the bitcoin community to make more bitcoin.
I'm pretty sure he was invested in a mining company.
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You're correct.
We were heavily invested into ASICMINER-PT, we were lucky that we got out before the huge drop in share value last week although, we do still have some shares just 'floating'.
It sucks that both share price and overall BTC value dropped at the same time but that is par for the course I guess on something like BTC.
The expected value jump in LTC over the coming weeks once/if they get added to GOX will be good though, so long as our LTC sell, that will be another 40+ BTC which we will either cashout or throw back into ASICMINER-PT.
One of the concerns I have with ASICMINER right now is that the dividends have been smaller the past 5 weeks based on a higher share price, I just couldn't justify holding funds up any longer given our situation with the house, etc compared to lower dividend payouts.