Dumping on a fear spike is a bad idea.
We just saw at least 400+ BTC liquidate, and I've seen less than 40 go back in. You realize for every seller there is a buyer? |
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I can't believe people dumped on confirmation that Labcoin hasn't been selling off their shares.
I'm literally laughing out loud.
Definitely this. What an odd time to sell; I bet after the dumping stops they will pop in with an update including pictures showing that they've begun hashing. They did say within 48 hours there would be another update, and it has been only 24. Well when Apple realesed new Iphone today shares dumped sophisticated investors are using the same strategies here |
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Do you think I should invest in the new iPhone 5S or is it a scam ?
iphone 5s is def scam. If you zoom in 10000× you see bumps photoshopped scam. Tim Cook is not answering anyones qiestions until next quarter he is selling all his shares. |
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There actually is no incompetence they made an update and said more info to follow. Problem is people want the more info to follow now.
Guys September 10th we have Apple even where we are going to reveal new iphones and show pictures. No FUCK A U APPPRE show us now!
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Guys this is all part of the scam! Make everyone panic sell so Labcoin can sell shares for less money. Such brilliamt scammers they are.
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I guess people expect them to be locked through BTCT even they never mentioned that. They just said they will lock them themselves. FUD FUD FUD lol
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Guys where are the pictures? ^^
Do you know how to zoom in on a picture? Do it and look at the top chip. And then, if you don't see it, I just can't help you. and what exactly am i supposed too see? Look like any other zoomed in picture |
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This fear mongering is amazing.
Do you guys actually think the whole thing is a scam? What would be their angle? They got the money already, if they were to take it and run, they would have done so already.
And that is all I need to evaluate. I believe that they are working on getting this done, and I believe they eventually will. I don't believe that they are possibly that incompetent that they'll end the project with just giving up. And even if they end up with an underperforming chip, they're getting it at production cost, which means they are at the top of the food chain, right with AM.
Then you have projects like icedrill, where someone is buying hardware at retail cost from a producer, and pays out just about half of the profits to the shareholders, and people are actually jumping on it. It boggles my mind, really.
LMFAO from flip flopper physalis |
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Guys where are the pictures? ^^
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FUDSTERS DIE  |
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people sure are trying to get some cheap shares before september 17th haha
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They don't care about short term price changes. They don't care that we want information that will prop the share price up. They want to hash and roll out 65nm, lets all chill a little and see how they go. In a weeks time if we have nothing ill eat my words...
We're still considering some business aspects, including only focusing on the upcoming 65nm version for what concerns bulk chip sales. This is the beginning of series of get out clauses that allow them to not let the 'gen 1' chips out of hands- for whatever 'strategic business move' they devise to back it up. No-one will see evidence of the gen 1 chips. They will say wait for the 65NM chips if you want to build DIY miners, or buy hardware it will be better performance or some similar nonsense. what is 2TH to a mining operation? this is consumer level, single user not a million dollar op..why mine in solo mode?, where is the address? where is the chip photos? where is the site update? where is the locked shares? where is the PCB photos, board plans or info? where is the finalized chips specs, performance output? cgminer output?, where is hosting details?, where is the info about hardware sales? where is any sort of recent tangible technical update? everything that has been promised has been ignored. "two more weeks" the motto of BFL. Few pieces of commodity hardware divided between 10 million is shocking- you will have satoshi every week as divs. no way is it profitable, the only reason it is there is to placate people and buy time so the stock doesn't fall apart. Ken uses same trick in his AMC security Just sit back and read some of labcoins last posts a few times. I actually had to laugh at myself for investing in this one.. just look how obvious it is from the last few posts. Do some of you really not see the writing on the wall? It is absolutely typical behavior of a scam- if you've seen it once you've seen it 100 times and can document it and dissect it. The greed is really killing some of you and you're turned from investing in solid plan to just gambling on greater fool theory and writing it off as a little loss if it fails. Burnside needs to lock this security immediately. You have 9 posts GG |
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Locking of shares isn't an issue only to FUDsters. Like they can't scam if the shares are locked lol. well, technically it is a broken promise. It shows a real lack of credibility to refuse to even address the issue. An explanation would take less than a minute. Who cares why? probably all of the shareholders that have sold since yesterday (24 hour volume around 600K shares) End of the day who knows why, just wait the next couple of days and week once their website is updated to verify everything until then people need to stop making the thread 1000 pages long
that website hasn't been updated in ages. It still has the 180 nm info on there.  to be quite honest there are more important things to do like deploy and make chips, then update a website which servs no purpose yet, they came on here and posted pictures of the chips, they are not using their website for much. True they can come on here and discuss share locking issue. All these things though show the opposite of a scam, a real scammer, would of been posting pictures and answering issues right away, updated the website to make it all professional, not a shitty site that hasn't been updated ect. |
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Why would you join a pool, and lose 1-4% in fees + transaction fees, 2TH and growing is more than enough to solo mine. Locking of shares isn't that big of an issue
to verify that you actually have 2 TH online. Sure, there are plenty of other ways they could be verifying this, like stamping blocks or signing a message from the mining address. Why post that "we will do this soon" rather than just sign the message and post it? Why ignore all requests to explain why the shares haven't been locked? How many days does it take to sign a message or stamp your blocks? Again because they are spread throughout the whole world, maybe haven't gotten a block yet, maybe they all broke their legs. Who cares why? Locking of shares isn't an issue only to FUDsters. Like they can't scam if the shares are locked lol. End of the day who knows why, just wait the next couple of days and week once their website is updated to verify everything until then people need to stop making the thread 1000 pages long |
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They already said they are going to do all of this. Why is it fun for everyone to post useless nonsense without reading anything?
they also said they would lock the shares and post photos before the 10th... We are all saying they need to do this now, not later. In reality, it should have been done at the time of the announcement yesterday. They never said they would join a pool, and they haven't really given a reasonable reason why not. A pool would be the quickest way to verify hash rate. Why would you join a pool, and lose 1-4% in fees + transaction fees, 2TH and growing is more than enough to solo mine. Locking of shares isn't that big of an issue |
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The team is scattered on various countries, thus we have to coordinate to release anything. I'll see if i can get a screenshot of the hashing rate or something, but more pictures will be posted in the next few days, we will deploy the same mechanism ASICMINER uses for signing found blocks and publish them on our website.
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In all honesty everyone, is there actually ever going to be a day where these operations aren't accused of being scams? I just don't see it. I think this stuff will always be spouted off.
"well, they didn't show me their individual tax documents nor did they publish their banking passwords!! SCAM!"
No one accuses AM of being a scam, mainly because they are more transparent and we can verify their status/hash rate. At the beginning, AM went with pools, and it was very easy to see their hash rate. Additionally, we know AM's btc addresses and can follow mining revenue and hardware sales. Maybe a signed message from the Labcoin mining address? That might be a simple option. Stamping the blocks would be good, too. They already said they are going to do all of this. Why is it fun for everyone to post useless nonsense without reading anything? |
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Wrong share price before the announcement was within normal 30's range.
price was around .0032 when they made the announcement, down from a high of .0038 earlier that day. within normal range |
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Labcoin are hashing, they don't give a flying f*ck about the share price now as they aren't selling.
Well, they won't lock the shares and they announce news at every major downturn. So, I don't know why we would assume they don't care about share price. Their behavior says otherwise. Wrong share price before the announcement was within normal 30's range. |
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