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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042415 times)
drawingthesun
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September 23, 2013, 09:38:57 AM
 #13661

You panic sold, didn't you?

At 0.002
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Bitcycle
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September 23, 2013, 09:40:34 AM
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I have to say that for a reasonably new trader like myself, it doesn't inspire great trust in the crypto idea to see this. The two things: Labcoins behavior towards stockholders, flow of information etc - combined with this, the closure of BTCT.co in such a sudden fashion, completely crazy stock prices as a result. Combined with YOU lot - the community, all the FUDstering and manipulating. This kindergarten mentality needs to go away if you want crypto to become something more than a plaything.

There is a positive trend in how crypto is viewed in media now. More and more PR, countries are deciding on laws/taxing etc. This is good. Stuff like this thread and this community though, isn't. Grow up, people. I have had to put at least 12 people on ignore from this thread alone. And I still have a hard time figuring out what real info is, since the few contributors that seem to talk sense also engage in childish verbal pissing contests - including the PR man for Labcoin.

I wish the childishness would be gone from this community. I am fine with high volatility in the market, but the stuff that goes on here is just too much. Please, people, manner up.

I understand what you're saying, but the 'real' markets have communities that are just as bad or worse.

Yahoo stock forums back in the day...man, this is like church in comparison.
BitCsByBit
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September 23, 2013, 09:42:08 AM
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So you have no shares and you are just spreading FUD?

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drawingthesun
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September 23, 2013, 09:43:44 AM
 #13664

So you have no shares and you are just spreading FUD?

I bought a few in case my prediction is incorrect and have some bitcoin left to buy them lower. I need to get out this hole somehow.
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September 23, 2013, 09:47:18 AM
 #13665

This is how i see it, labcoin chose to prove they are hashing one day before BTCTO announces its closing down, i would find it very unlikely that the stock issuers were  not told before the announcement that BTCTO will be closing down in order to give them time for preperation etc, therefore Labcoin could've probably gotten away without ever proving they are hashing by delaying, however they didn't why ? becouse they are not a scam? who said scam? once you realise they are not a scam, you will realise that the scam is only inside your head
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September 23, 2013, 09:48:56 AM
 #13666

This is how i see it, labcoin chose to prove they are hashing one day before BTCTO announces its closing down, i would find it very unlikely that the stock issuers were  not told before the announcement that BTCTO will be closing down in order to give them time for preperation etc, therefore Labcoin could've probably gotten away without ever proving they are hashing by delaying, however they didn't why ? becouse they are not a scam? who said scam? once you realise they are not a scam, you will realise that the scam is only inside your head

From the chatter in other threads it seems that stock issuer were just as unaware of this shutdown as investors were.
drawingthesun
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September 23, 2013, 09:49:24 AM
 #13667

This is how i see it, labcoin chose to prove they are hashing one day before BTCTO announces its closing down, i would find it very unlikely that the stock issuers were  not told before the announcement that BTCTO will be closing down in order to give them time for preperation etc, therefore Labcoin could've probably gotten away without ever proving they are hashing by delaying, however they didn't why ? becouse they are not a scam? who said scam? once you realise they are not a scam, you will realise that the scam is only inside your head

Everything you just wrote is null, because no issuer was told beforehand. Otherwise the issuers of all the stocks would be on this forum to explain their movement plans to stop panic.

The issuers were in the dark like we are.
bitwhizz
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September 23, 2013, 09:50:15 AM
 #13668

This is how i see it, labcoin chose to prove they are hashing one day before BTCTO announces its closing down, i would find it very unlikely that the stock issuers were  not told before the announcement that BTCTO will be closing down in order to give them time for preperation etc, therefore Labcoin could've probably gotten away without ever proving they are hashing by delaying, however they didn't why ? becouse they are not a scam? who said scam? once you realise they are not a scam, you will realise that the scam is only inside your head

Everything you just wrote is null, because no issuer was told beforehand. Otherwise the issuers of all the stocks would be on this forum to explain their movement plans to stop panic.

The issuers were in the dark like we are.

Well i  never said it as certain fact, therefore i used the term 'unlikely' ,its just a hunch
drawingthesun
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September 23, 2013, 09:52:33 AM
 #13669

Well i  never said it as certain fact, therefore i used the term 'unlikely' ,its just a hunch

Sorry if I sound like a douche. Its just burnside could have done this much better, and I am venting.
bitwhizz
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September 23, 2013, 09:53:28 AM
 #13670

Well i  never said it as certain fact, therefore i used the term 'unlikely' ,its just a hunch

Sorry if I sound like a douche. Its just burnside could have done this much better, and I am venting.

I can agree with that
bobboooiie
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September 23, 2013, 09:58:19 AM
 #13671

Oh boy... I dont want to see how labcoin is going to handle this kind a mess with their PR skills -_-
KCBitcoin
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September 23, 2013, 10:00:16 AM
 #13672

Oh boy... I dont want to see how labcoin is going to handle this kind a mess with their PR skills -_-
Hi all,
Everything is under our control and everything is going according to our schedule nicely.
Thanks for you continuing support.

/sarcasm
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September 23, 2013, 10:00:27 AM
 #13673

Oh boy... I dont want to see how labcoin is going to handle this kind a mess with their PR skills -_-
Well at least its always entertaining in bitcoin land

stereotype
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September 23, 2013, 10:00:33 AM
 #13674

Oh boy... I dont want to see how labcoin is going to handle this kind a mess with their PR skills -_-

They are now off the hook, with even less obligation to 'investors' interests.



BitThink
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September 23, 2013, 10:01:02 AM
 #13675

In stead of panicking or fighting with each other, could we united together and try to work out a plan or at least a suggestion so that this thing can be handled with everyone's best interest?

1) First, it's better to avoid trading now and keep the bid order book sheer. Most investors will lose a lot with the current bid price anyway. We have to prevent the labcoin team from selling all their private shares now and then leave for good. If they still have unsold shares, at least they have motives to move to another exchange.

2) Contact TheSwede75 and labcoin immediately for their reply, and suggested them to move the another exchange. Try our best not to let them buy back the shares at IPO price. There seems no any information in the contract about buying back or methods will be taken in case of exchange closing.
BitCsByBit
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September 23, 2013, 10:02:51 AM
 #13676

This is how i see it, labcoin chose to prove they are hashing one day before BTCTO announces its closing down, i would find it very unlikely that the stock issuers were  not told before the announcement that BTCTO will be closing down in order to give them time for preperation etc, therefore Labcoin could've probably gotten away without ever proving they are hashing by delaying, however they didn't why ? becouse they are not a scam? who said scam? once you realise they are not a scam, you will realise that the scam is only inside your head



Every share holder contacting the issuer is not going to help the process or speed things up, it is probably best to give them a few days(the ones you trust anyway) to sort alternatives and figure things out for themselves as i doubt BS gave them anymore notice than the shareholders.

Contacting any other parties in advance was not an option.  There should be plenty of time to figure things out.

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abuelau
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September 23, 2013, 10:04:18 AM
 #13677

In stead of panicking or fighting with each other, could we united together and try to work out a plan or at least a suggestion so that this thing can be handled with everyone's best interest?

1) First, it's better to avoid trading now and keep the bid order book sheer. Most investors will lose a lot with the current bid price anyway. We have to prevent the labcoin team from selling all their private shares now and then leave for good. If they still have unsold shares, at least they have motives to move to another exchange.

2) Contact TheSwede75 and labcoin immediately for their reply, and suggested them to move the another exchange. Try our best not to let them buy back the shares at IPO price. There seems no any information in the contract about buying back or methods will be taken in case of exchange closing.

Very good. We should stick together now, it's in our best interest. Let's get ourselves organized!

Know what's happening in cryptoworld: www.coinschedule.com
Bitcycle
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September 23, 2013, 10:05:55 AM
 #13678


This is something Swede might actually be able to handle.
KCBitcoin
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September 23, 2013, 10:06:42 AM
 #13679

hmm.. another daytime has passed in china, yet no hashrate increase.
I am more worried about they keep tricking us using bought mining rigs.
Ukyo
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September 23, 2013, 10:09:26 AM
 #13680

hmm.. another daytime has passed in china, yet no hashrate increase.
I am more worried about they keep tricking us using bought mining rigs.

Meh. As long as they keep buying and putting more more and reasonably meet hashrates.. Tongue

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