When you need options, ask for them. I saw this multiple times in the AM and ActM threads and people were happy to write them.
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What exactly is supposed to be smart about investing in an asset with a price destined to decrease rather than assets with the potential for 10x and 100x increases? The idea behind this is to be one step ahead. While everyone is buying LABCOIN other shares are cheaper. When LABCOIN is high and people begin to cash out and invest in other shares, you may want to be in the position already holding them. Not to discredit the potential of Labcoin, but the community response to this IPO reminds me an awful lot of behaviour in the alt coin forum when a new coin pops up... especially the likes of feathercoin and chinacoin
It is not predicatable when the approval votes come in and thus the issuer would have to be 24/7 ready. Well,.. and I think such a high demand wasn't predictable either. Or let me rephrase: this is (imho) the first time, something like this happend in such a degree.
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Is this thread intended to discuss securities or general portfolio/investment strategies? The later would be interesting.
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Great post. Push for visibility!
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Phew, thank goodness I rolled out of bed and checked these forums. I think I have got my bid in place at the regular IPO price.. lets hope it is first come first serve, not just from the top down.
I think I need to address this again, because of my vague words. :/ It's: 1. Top-Down 2. First-In
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Don't get me wrong please. Maybe the generalized "any regulation" was a bit exaggerated. I refered to limiting the number of purchasable shares in this case. Discussion about other regulations should go into another thread. If you want to open one, I'll join. To those who place bids > 0.001:You wast money. One single overpriced bid is enough to raise the daily, weekly and monthly high. Edit: So you're saying that even those orders submitted above the 0.001 price will be filled in the order they were placed? There's no danger of my shares already bid at 0.001 being displaced by late high bids if the IPO is oversubscribed? I couldn't find any info about the procedure for IPOs on btct - do you know this from experience or is it specified somewhere? I didn't think about the case that the IPO is completly filled. When the IPO starts, LABCOIN places an ask order of 7000000 shares on 0.001. This will consume bids >= 0.001. If less than 7000000 shares due to that order are sold, the remaining shares will remain on 0.001. If there are more than 7000000 bids >= 0.001, those who placed their bids for a higher price or earlier than the rest gets filled. After that there is no more share to sell and the new price is defined by the next placed ask order.
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Yay, this is exciting. Maybe it does get filled, before trading even starts... At least a decent quck is already done. TheSwede75: 1. Can we expect regular updates on less than weekly basis? 2. How do you plan to convert 7000 Bitcoin into fiat? No need for full disclosure, but this question is critical. 3. Please send a dev over to answer Vbs's questions from here.
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Interesting to see this play out - what happens if more bids are placed then shares when the IPO occurs? Are the shares divided evenly based on order size, or is it first-come first serve (Which would defeat the purpose of the lock, as far as I can tell)
First in, first out. There are multiple orders sitting on 0.001 ( here. Those whose orders are placed > 0.001 will pay the additional coins, when the ask wall is placed. Currently BTC-TC's asset have a combined market cap of ~170k Bitcoin and a daily average volumen of 3700 Bitcoin which peaked at nearly 9.5k a few days before. I don't expect this IPO filled within minutes, but nevertheless in a short timeframe. The fill rate isn't steady and fastens at the end. If you want to be very sure to get your shares, place an order on 0.001. Good luck, LABCOIN! I'm following. Edit: burnside should limit how many shares a person can purchase (although that can be manipulated by opening up several accounts) it appears people just want to pick up shares assuming price will go up and dump as soon as it does.
people putting over the ipo price hoping those orders will get filled first and that the price bump will be significant. the things people do to make a buck
No, I'm against any regulation. And it would be crazy if you miss to get shares in an 7000 Bitcoin IPO, because single entitites purchased "too much". The price won't change because of those orders which are higher than the IPO price. Relax please.
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25 before last 2C means week 25. Very valuable information! (Gridchip) fidelhi's chips are from week 24. Landed in HK on 2013-06-25 and he received them most possibly on 2013-07-09. There is another chinese Avalon project, but I couldn't identify more. So there are chips from week 24 (fidelhi) and week 25 (zefir, order date 2013-04-16) which were delievered on 2013-07-09 and 2013-07-23. My best guess: they are indeed producing and shipping, but follow a) the queue and b) Avalon has as far as I recall hundrets of 10k chip orders... But on the other hand there would be people who received their chips. I would PM everyone who received chips (i.e. those chinese guys from above) and ask about details to create an overview. You also could do collect data on sample chips. zefir's batch 1 and 2 were ordered on the same day, but have order number #9725 and #9921 and thus potentially more than 100 other orders inbetween.
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How does one change withdraw address on BTCT?
You can't. It's a security measure so that a hacker can't either. Make a new account, transfer shares. That is only true, if you locked your withdrawal address which is not the default case! Go to "Wallet" -> "Set Withdrawal Address" - Enter address -> "Update Address". I suggest you don't create new accounts to transfer Bitcoin or shares out. Burnside addressed that some days ago and said this could lead to an automatic account freeze.
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Whoever you are, very well executed.
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Ouch..
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I think at least 24 hours notice would be good as well.
Be aware, the IPO will take 7000 Bitcoin. I doubt this will happen "within a very short timeframe".
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Oh look. Big new wall appeared on btct.
I watch the orderbook closely and no new "big wall" poped up.
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I like the idea of a share index, to give a general feel of the BTC-markets. For your current setup, I would reevaluate the inclusion and/or weight of TAT.ASICMINER, since it is not excluded that that security isn't partially backed by ASICMINER-PT shares, which would cause them to be double-counted.
In general, I would like an index where ASICMINER has less effect on the index, but since this would not be an accurate representation of reality, I don't know if it's a good idea to tamper with the weight-function.
Funds and bonds I would not include. Funds are often baskets of other shares (mixed with some currency), which would cause more double-weighing. Bonds should not fluctuate in price and always trade close to their face value, so they don't serve a purpose in an index. There are the "mining bonds" (that aren't bonds) that are basically inverted difficulty futures and the price of them doesn't necessarily reflect the performance of the market.
Thanks for the input. Double counting could indeed distort the picture and it's obvious when it comes to funds, but it's a bit tricky overall, because even some stocks hold shares sometimes. I remember BASIC holding AM for example. It's probably even worse when it comes to multiple trading plattforms and passthroughs. Another factor are commpany hold shares which are not intended for public trading. Not sure if they should be counted and if not, how to fetch all those data without manual input. My overall goals: 1. Quantify the amount of money going in and out of the share markets. 2. Follow the flow of money within a market. My assumption: a sell of one asset leads to a buy of another asset. Wild example: people are dumping AM, BM and COG to buy ActM shares.
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Did anyone kept track of historical market capitalization of all shares on btct.co or the number of outstanding shares? I was thinking about creating the "BTC-TC Share Index" to get an overview how the overall Bitcoin share market performes. Maybe that's not the best approach (suggestions very welcome!), but I thought about something like this: The above is not complete and I think bonds and funds should be included, too.
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Just stash them up ya arse mate
In my home country of America, the fundamental basis of law is that every act is LEGAL, unless there is a law that makes that act illegal. Thailand’s fundamental basis of law is quite different – in Thailand, every act is ILLEGAL, unless there is a law (and process, and procedure) to make it legal. Really man you just lost all credibility and can never gain it back. I hope this gets moved to speculation or maybe off topic. In the west, we are more informed, so the government cant get away with random things like this. So thats the difference between uninformed people, and more or less well-informed people, its what their government gets away with. And this is why my husband and I decided not to buy when BTC was only $1. We were afraid of being thrown in jail because we were tied to something that could be seen as tied to money laundering etc.
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hat damn guy. BTCT down 0.007.fuck damn
every step seems to come with a drop right before the rise.. get ready for an explosion upwards Related:
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What's the expected waiting time for a convertion of ActM BF or AMC BF to ActM BTC-TC?
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I mean in the next couple of weeks. Beyond that, there is some mining gear to get going You are right, I totally forgot about the Klondike boards and 20k Avalon chips.
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