Should I panic sell?  But seriously. Depends on how much you will lose if you don't, or you do. Well, I'm close to 40% loss if I sold now. Good thing I woke up. |
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Should I panic sell? But seriously. |
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This Labcoin thing pisses me off though. I had made some good return here and the recent swings have taken a lot of it from me. I should have just taken what I had and run with it.
Shouldn't Labcoin be on here soon to get the prices back up so all those guys who bought at .0016 can get their 50% gains?
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tl;dr - what happened over night?
Basically nothing. More dumping and buying-up of shares while FUD continues from everyone who "doesn't own any shares". And Burnside posted a "Warning" on the Labcoin page. |
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Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened. I dunno, it's a huge risk for sure - and for whoever wrote the put option, since it could happen. If they actually start mining. If so then the puts will be worthless. On the other hand, I definitely think if they don't start mining in the next 7 days we could easily see sub-ipo prices. ActM is already sub-ipo, supposedly. Didn't ActM IPO at .0005? |
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nice proactive reactive from burnside, reputation is worth more than fees in long term Also does a disservice to those currently with shares. Probably would have been better to have a private conversation with Labcoin than to post "Warning: Don't buy this asset." |
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So BKK took the money and ran? I know TH gave him a payout.
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Damn, and I got in at what I though was low at the time - .0025.
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Trading is now frozen, so new sell orders cannot be placed. Seems I am one of the stupid people who actually trusted this company. Oh well, I risked what BTC I had, and lost.
What? Trading is frozen. So whatever shares we had are now gone? |
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See the poster above. actually you cant but where does this question lead to? it just proves that you cant tell for sam noi and swede either. So much about my stupidity. Also you can see that some of your beloved fudsters post at the same time as me and i'm not shiva or good at multitasking.
You may not be Shiva but I am. My six hands are touching all kinds of things right now. |
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They've probably adjusted their payout. Watch 5 BTC plop in there and the price shoot up to just below .003 within the next 5 hrs.
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Labcoin... Illuminati reptilians... I totally get it now. This is a plot to grow reptilian/human offspring in an underground lab and we have been crowd-sourcing this project with Bitcoin. My god, what have we done? Of course they want to use Bitcoin as the funds can't easily be traced to the members.
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7000 BTC is quite a prize. there is potentially coming a day when 7000 BTC will make you a multibillionaire. There is no sense in saying "Its only $850K". That is now, perhaps they are looking at tomorrow.
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Can someone bring me up to speed as to why things are crashing, yet again?   I'd say someone trying to invoke a panic sell-off to get cheap shares. Price will come back up and they will sell. Things aren't amazing but there isn't anything of such an extreme scenario to justify a natural move of that degree. |
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ActM, you are killing me. I'm currently out 30% - I bought in at .00325.
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So why haven't they paid out yet? Maybe it is a manual process. Just guessing. So we are waiting for someone to wake up? |
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So why haven't they paid out yet? |
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Something, this is more absurd than Labcoin's excuses and delays.
For the record... I wish I would have sold at .0028x.
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Why is this site taking so long to load?
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What is chaos computer club?
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