It'll crash, but when and to what level is the question. 

At some point people have to offer their btc for sale.  We haven't reached that point yet.

I took 85BTC worth of labcoin shares off the table. 

Coinbase just makes it to easy.

People should cash out and sell their btc for fiat before the exchange rate crashes.

They're also very easy to do on BTC-TC, as you can put multiple orders with the same bitcoins.

The only people being swindled from their money are the monkeys that are going to sell me cheap shares below 0.003 in the coming days.

where do i buy shares?

sorry for not reading the whole thread

Yes TA can apply whether on pink sheets, bitcoins or traditional exchanges.  I know the argument goes that on "real" exchanges you see a bunch of traders trading the formations thus the TA tends to make self fulfilling prophecies and here we have noobs without those TA skills but consider the following:

The reason chart formations can be such a reliable indicator is that they also reflect investor sentiment charted through time. So consider a cup and handle formation. There were investors who bought and watched the price fall and then watched it climb back up feeling a surge of emotions along each of those points. Then along the handle part of the formation they see stability... "OK" they say, "well the water looks safe, I don't think the odds of losing my money are great now, let me put a little more money in." But you have a whole herd thinking that.

Die hard TA traders often seem to forget that those charts represent extreme emotions charted over time which is why formations repeat so often. They get lost in a sea of math and oscillators and indicators and formations and forget about the emotions and psychology that make the math. That psychology is why nearly every parabolic spike that pops has a bull trap dead cat bounce. It's the people trying to be the smart ones catching a falling knife and buying at "the bottom"  meeting the people that just watched all their equity evaporate in the blink of an eye to resume the downward pressure and then those smart guys join the longs in a run to the exits as they all panic an the price drops even farther. These formations don't need a bunch of people trading following TA to be repeatable as they occur again and again as psychology operates the same over and over.

If you guys wish, I can bring up the refund issue with Yifu (in case he answers), and get the chips refunded. But we are heavily invested into this. The cases, custom heat sinks, PCBs, parts acquired at higher prices or acquired from secondary market are all non-refundable and impossible to sell. And since we ordered everything for 80,000 chips (40,000 our own and 40,000 anticipated assembly orders). So even with a refund from Avalon (which we highly doubt they will ever give), we might be able to give only a very small partial refund.

But as I said we are working on something new, I request all of you to be a little more patient. We are going to announce something very unique, very exciting and very affordable next week. We really can't give out much details as of now, but in our opinion this would essentially be the final evolution in Bitcoin mining.

All of you know that we have demonstrated the ability to produce and run the boards. We were the first one to successfully assemble a K16, and we were the first to start mining with a fully assembled K16 as well. And we will again demonstrate the ability to mass produce boards once we get the chips.

In my opinion, instead of taking a decision of behalf of everyone and pressing Avalon for refunds, we give everyone the following options individually:

a) If you want 100% refund, you need to give us 3 months time. We fully acknowledge that we are legally required to issue a refund when asked. Legal issues aside, we ourselves want to do the right thing to maintain our credibility. But the fact is we do not have enough liquidity right now to process all the refund requests. If you are willing to settle for a partial refund right now, please contact us and we can work something out.
b) Keep your order with us. We deliver it within the promised time (2 weeks of receiving the chips). We will also give you a 20% (of your current order) credit for our next project which we will be announcing next week. This credit will be transferable (you can sell it if you want).

I hope you understand that we are doing this despite the fact that the current situation is NOT our fault. Everyone who ordered from us were totally aware of the risks involved. Also 20-25% was our average profit per order. So even with option 'b', we are willing to make 0 profit from this whole Avalon saga, just for the sake our next project and to maintain long-term credibility for our company.

We would love to hear your comments on this.

Labcoins price is about to breakout above .004, the price took a dive to support, and rebounded strong, made a nice cup and handle formation and it looks like it's going to breakout again on the charts

So, what's up now ?

The selloff was gonna happen once it became clear that no news was coming.  Yes, theswede sort of confirmed that but the price would have dropped anyway.  It had already started to drop 10 minutes before.  Look it up.  Look at the posts before his.  Like this one:

Blaming theswede for the selloff is really bizarre to me.  Look at how innocuous his post was.

While the news of upcoming news a few days before triggered the price to rise, the actual news weren't news at all, but only a confirmation of what was already expected. On the other hand, the lack of expected news has a potential to have a negative impact. Hope that makes sense.


Edit:


The news from "labcoin" appeared when the price was already at .0027xx again.

You're right about TheSwede that initiated the sell-off thing, that's "Step 2". Yup I changed my tune, I'm sure you know why  Cool

Agree.

Step 1) Wait for news => Buy
Step 2) No news comming, deadline broken => Sell.
Step 3) Sold too much => Buy back in.
Step 4) Still no news => Sell-all
Step 5) News has come => Buy like a fool @ 0.0037
Step 6) Hmmm, is that really a news ? In 1 line, no picture, nothing real to count on ? There is a lot of time before 4TH online.. nothing will happen until then... hmmmmm... => Sell

We are here I guess.

It's not necessarily manipulation. The lack of news yesterday was not good at all and the situation exploded with TheSwede's no-news-update, I guess. Later the news did come, but all in all everyone knew what would be published ("chips arrived") and some might have expected more than a few lines of text, followed by this horror comment (actually there is a blogpost about the topic here in chinese).

Without anything substantial I see no reason for rapid growth in the next days based on the sentiment right now.

No one knows where the real price is. We will see.

We all know that but see how the market reacts ? it's pretty funny