There is zero buy support down to .002, you guys are celebrating over nothing.
It's called a pump and dump. This is starting to look more and more suspicious actually. |
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Now is a good time to cash out. This high price is temporary and based on absolutely no new information.
new deadline = new information we are suppose to see the mining address before Wednesday, which IMO is the ultimate proof. I bought back in at .0024 about 5 minutes after that post. Riding these waves is easy. Cash out time would be Tuesday right before everybody gets disappointed. Not too smart are you? Maybe if you sell right now you'll make a profit. Doesn't matter if I'm smart or not, LOL. I've been riding this wave constantly and making profit. Obviously I've made the right choices so far. By smart I mean if you can reduce your risk down to zero then you guarantee a profit. If you cash out right now and recover all your initial investment, thats smart. You can always keep some in there but as long as you recover your initial investment you're risk free. |
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Now is a good time to cash out. This high price is temporary and based on absolutely no new information.
new deadline = new information we are suppose to see the mining address before Wednesday, which IMO is the ultimate proof. I bought back in at .0024 about 5 minutes after that post. Riding these waves is easy. Cash out time would be Tuesday right before everybody gets disappointed. Not too smart are you? Maybe if you sell right now you'll make a profit. |
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Now is a good time to cash out. This high price is temporary and based on absolutely no new information.
new deadline = new information we are suppose to see the mining address before Wednesday, which IMO is the ultimate proof. I bought back in at .0024 about 5 minutes after that post. Riding these waves is easy. Cash out time would be Tuesday right before everybody gets disappointed. What if they miss this deadline or lie? Then it crashes again. What is the point? Just pull out and wait for the next crash. |
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So I guess, we are almost there, where we were a few days ago. The recent sell-off might have been a wake-up call for Labcoin. I'm really looking forward for wednesday.
Upcoming days: slow increase due to the anticipation of the news, explosive market reaction when they post them. In whatever direction this will be.
It makes more sense to sell and then buy back in if they prove themselves than to stay in and risk losing money. Sure, except that the price will be three times as high. It will crash again when they miscommunicate on Monday. |
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So I guess, we are almost there, where we were a few days ago. The recent sell-off might have been a wake-up call for Labcoin. I'm really looking forward for wednesday.
Upcoming days: slow increase due to the anticipation of the news, explosive market reaction when they post them. In whatever direction this will be.
It makes more sense to sell and then buy back in if they prove themselves than to stay in and risk losing money. |
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Now is a good time to cash out. This high price is temporary and based on absolutely no new information.
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If there is no dividend on monday everyone will pull out and it will go below IPO prices.
It might be smart to pull out right now and just wait until they pay a dividend. Why take a risk buying now when you can buy after they pay the dividend on monday with no risk?
Now is the time to sell.
On the contrary. I would be very concerned if they proceed with the plan on paying dividends when they in fact don't earn any income. That would mean that they are fine with paying out investor funds as dividends and that is not cool. How do you know they aren't hashing with such certainty? |
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How are they going to pay divs if they haven't found a block?
If they pay divs without being able to prove they mined a block or did some pool mining it will look like they are paying divs out of IPO money.
Even more reason to sell. The shares should be at IPO price until they show they mined a block and are paying dividends. Let that be that. |
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Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?
If you think Labcoin is mining with 2Th/s where are the block rewards going? To an address. An address they have stated will be shared later with us. Does the fact that they refuse to share this address now, prove that Labcoin are not mining with 2 Th/s? Of course it doesn't. Do people here not understand the difference between facts, rumours, speculation and evidence? Facts, rumors, speculation and evidence are all things that move the market. You're making predictions about the likelihood of future events, and all of those things come into play. Plus, if half of the "community" no longer trusts them, then the price is going to be a lot less then it otherwise would be come November when you were planning on selling. It is interesting, that people are buying in constantly. I dont know, this is not even over yet..
Because, even if the risk has increased, the potential reward is still pretty high. Even if you thought there was a 90% chance of failure, it would make sense to invest a small chunk in hopes that 10% gets you better then a 10x return I'm just calling people out for spreading blatant lies. Take for example Labcoin saying that they were doing some tweaking. That somehow became "Labcoin admits to lying about hashing with 2 TH/s". That's a blatant lie as Labcoin said no such thing. If there is no dividend on monday everyone will pull out and it will go below IPO prices. It might be smart to pull out right now and just wait until they pay a dividend. Why take a risk buying now when you can buy after they pay the dividend on monday with no risk? Now is the time to sell. |
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Guys..leave the sinking ship as soon as you can. That is really a serious advice. Some big european shareholders bought at IPO will cash out within this day! I know some..just a social warning.
Yes they cash out at lowest? im from europe and no we are not that stupid! you think this cant go any lower? it was below IPO already... but hey be smart keep those bags. Most of the IPO investors who are willing to sell have already sold. Sell-offs come in waves, but the shares are worth 0.002. |
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Guys..leave the sinking ship as soon as you can. That is really a serious advice. Some big european shareholders bought at IPO will cash out within this day! I know some..just a social warning.
^ The above post is an attempt to manipulate share prices so that the poster can buy cheap shares. Now we know who is buying. |
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The next update will not be scheduled but rather I will see to it that we update the forum and btct.co when mining is running and the team can show more details on the operation.
Direct confession of a lie. They were never hashing. Boards hashing, and having a mining operation running is two quite different things. The team has notified me that they need more time to tweak and calibrate boards and chips before they are stable enough for production. This does by no means mean that they are not working. It also doesn't mean they are working. Words are double edged swords and cut both ways. |
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Remember its tanking because of the lie, the FUD isn't really FUD if its true and warranted.
They said they had a 2TH/s system and this week the MOST they can show for it is some PCB's with defects and a tray of chips.
Still doesn't make it a scam but it means they are probably lying which means the trust is now diminished. This crash shows that the market has no faith in Sam Noi. At the same time it shows the market is incredibly irrational. Below IPO price is irrational. Below 0.002 is also irrational. They do have chips, they are a real company, they do seem to be working on it so it's probably not a scam. It's worth something to wait and see with a small investment but it's a gamble. To have it below IPO means it's worthless and not even worth even a 1 BTC investment. Doesn't matter if they have chips if they can't bring them online til the end of October. Of course it matters. Be rational. Those chips will generate money in October or in September. Of course they'd generate a lot more money in September than October but if they get the chips working at all then the share prices will go back up and the company will be on a path to profitability. If you're pulling out at IPO prices it means you don't ever think the company could be profitable. I think that is irrational. no, it means you think your money would serve you better elsewhere. Where else can you go? Activemining? IPO price is a better deal than Activemining. |
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Remember its tanking because of the lie, the FUD isn't really FUD if its true and warranted.
They said they had a 2TH/s system and this week the MOST they can show for it is some PCB's with defects and a tray of chips.
Still doesn't make it a scam but it means they are probably lying which means the trust is now diminished. This crash shows that the market has no faith in Sam Noi. At the same time it shows the market is incredibly irrational. Below IPO price is irrational. Below 0.002 is also irrational. They do have chips, they are a real company, they do seem to be working on it so it's probably not a scam. It's worth something to wait and see with a small investment but it's a gamble. To have it below IPO means it's worthless and not even worth even a 1 BTC investment. Doesn't matter if they have chips if they can't bring them online til the end of October. Of course it matters. Be rational. Those chips will generate money in October or in September. Of course they'd generate a lot more money in September than October but if they get the chips working at all then the share prices will go back up and the company will be on a path to profitability. If you're pulling out at IPO prices it means you don't ever think the company could be profitable. I think that is irrational. Remember its tanking because of the lie, the FUD isn't really FUD if its true and warranted.
They said they had a 2TH/s system and this week the MOST they can show for it is some PCB's with defects and a tray of chips.
Still doesn't make it a scam but it means they are probably lying which means the trust is now diminished. This crash shows that the market has no faith in Sam Noi. At the same time it shows the market is incredibly irrational. Below IPO price is irrational. Below 0.002 is also irrational. They do have chips, they are a real company, they do seem to be working on it so it's probably not a scam. It's worth something to wait and see with a small investment but it's a gamble. To have it below IPO means it's worthless and not even worth even a 1 BTC investment. Well if they have empty hands but full pockets does it make it worth your BTC? you have to decide on your own but i dont think so because they probably have nothing and wont do anything worthy. Scam is worth 0.002? imo not. It would be a scam if the chips were photoshopped. It would be a scam if they didn't have chips at all. They have the chips, they have PCBs even if they don't work. If there are problems with deployment thats really no different than the setbacks from Activemining or Asicminer. The difference is in the communication ability. Sam Noi used the absolute worst choice of words. If he had used better words this wouldn't have had to happen but he led people to believe that there would be dividends and proof on this date and then did a bait and switch routine. People are not stupid and know what bait and switch is and it does not raise confidence. If Sam Noi would have just admitted that there were going to be delays and problems the investors would have factored it in. Share prices may have went down but not this sharply and not this quickly. |
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Remember its tanking because of the lie, the FUD isn't really FUD if its true and warranted.
They said they had a 2TH/s system and this week the MOST they can show for it is some PCB's with defects and a tray of chips.
Still doesn't make it a scam but it means they are probably lying which means the trust is now diminished. This crash shows that the market has no faith in Sam Noi. At the same time it shows the market is incredibly irrational. Below IPO price is irrational. Below 0.002 is also irrational. They do have chips, they are a real company, they do seem to be working on it so it's probably not a scam. It's worth something to wait and see with a small investment but it's a gamble. To have it below IPO means it's worthless and not even worth even a 1 BTC investment. |
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whoa, .0015, man, Europe is tanking this thing for real!
Don't worry, it will recover to 0.002. It's worth 0.002, IPO would be if people think its a complete scam and I don't think that is what most people think. I think this is a panic selloff. It is a complete scam. The PCBs don't even have circuitry or traces to run the chips!! They lied about hashing because they aren't, and the chips are probably fake. That doesn't make it a scam. They could have fucked up or made a mistake. Most of these companies make similar mistakes but don't go on to make promises about paying dividends. |
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whoa, .0015, man, Europe is tanking this thing for real!
Don't worry, it will recover to 0.002. It's worth 0.002, IPO would be if people think its a complete scam and I don't think that is what most people think. I think this is a panic selloff. |
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 Heh. This pic still cracks me up. It shows they have chips and circuit boards. It doesn't show that they have the expertise to know what to do with them. |
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****WARNING to all Labcoin Shareholders****
People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.
I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.
I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.
Thanks, but I think the regulars here are already out. There seems to be only one cheerleader left - he still own some.lol It's not a bad idea to own a small small percent and treat it as a complete gamble because thats what it is. Just be prepared to see fall to IPO prices at least over the next several days. If they give a significant update or pay dividends it could rise but they'll have to do that before Oct 30th. I think if you got in at IPO you're fairly safe to stay in but if you got in at above 0.002 you can expect to lose money. People aren't going to pay much more than the IPO price. The real question is why make investors wait all week for bad news? They could have announced the bad news at the beginning of the week and it would have been smarter because payday is Friday and some people would have boosted the price back up for a weekend recovery. |
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