the 5 factor comes from trust. You have none, ergo your company wouldn't experience this effect. But creativex demonstrated he can be trusted, pays dividend, has good "business" record...

There are a seemingly unlimited number of "investors" who just want to put their coins to work short to medium term and maybe see a small increase in share price. They don't care about math or long term liquidation scenarios. There's no shortage of these "investors" - and very few other bitcoin investment opportunities out there - so support for this price (and higher!) is not a problem.

Maybe when more options open up or people decide not to hoard so many bitcoins things will start to change, but I don't see that happening any time soon (especially when share prices continue to nudge up for the very reason set out above).

One of the Avalons began spitting out large numbers of errors & rejected/discarded shares overnight while mining at 325Mhz. I've since set it back to 300Mhz until I can spend more time finding the sweet spot. The other continues to happily mine at 350Mhz.

Cheers.

Mr. Market behaves irrational all the time, even in Wall St. you'd be surprised. Well said.



creativex,

When can we expect the split?

You're going to see this happen on all mining stocks - when their ASICs arrive their price will inflate to a level that is a guaranteed loss.  Key is to buy in before the ASICs arrive then sell after the price gos stupid.  The only skillful part is working out whose ASICs are about to arrive.

In a few months time there'll be the huge crash (when ASICs have arrived and investors notice that even if difficulty didnt increase it would take years - or for some assets decades - for them to make back the current share price).  We saw it all happen before - and it'll happen again.

I think the reinvestment thing is the other issue that throws investors off.  It's not the magic bullet they believe it to be.

anyone have any guess as to what the price will do after the shares split?

I'm thinking it wouldn't be impossible for them to reach .5 btc/share after the split. Maybe it's just wishful thinking  

I can't really see them going down too much though after a split like that

People who are bullish at the current price, but unable to invest because they lack the funds, suddenly have the chance to buy whatever they can afford at 1/10th the current price

The 10x stock split is complete.

Please price future orders accordingly. 

Cheers.

Yeah, but I thought that people use hashrate or dividends as a basis of valuation, so huge cash reserves would hamper price growth.

But it isn't what have happened here. It looks like people take relative growth into account...

Any possibility to split adjust the chart and 7/30 averages?