[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

[Bitcycle]

Better to dump helter skelter than to take some time and maximize profit, huh?  Clearly the result of some careful planning.

 

[1714320804]

1714320804

[Ytterbium]

Well, as you can see they were right to set their IPO price where they did. If the shares had sold at 0.002 and then dropped down to the current level, people would be outraged

As it is, people who got in at the IPO price are still in the money, so not particularly concerned.

[Vigil]

02:22 (S) 3002 @ 0.00150000 LABCOIN
02:22 (S) 110 @ 0.00150000 LABCOIN
02:22 (S) 5000 @ 0.00150100 LABCOIN
02:22 (S) 8 @ 0.00150100 LABCOIN
02:22 (S) 84 @ 0.00150100 LABCOIN
02:22 (S) 990 @ 0.00150200 LABCOIN
02:22 (S) 8000 @ 0.00150200 LABCOIN
02:22 (S) 1000 @ 0.00150300 LABCOIN
02:22 (S) 50 @ 0.00150300 LABCOIN
02:22 (S) 3000 @ 0.00150700 LABCOIN
02:22 (S) 4000 @ 0.00151100 LABCOIN
02:22 (S) 233 @ 0.00151500 LABCOIN
02:22 (S) 7649 @ 0.00151600 LABCOIN
02:22 (S) 100 @ 0.00152200 LABCOIN
02:22 (S) 544 @ 0.00152300 LABCOIN
02:22 (S) 12 @ 0.00155000 LABCOIN
02:22 (S) 71 @ 0.00155200 LABCOIN

[Bitcycle]

Panic mode engaged!

[Vigil]

Well, as you can see they were right to set their IPO price where they did. If the shares had sold at 0.002 and then dropped down to the current level, people would be outraged

As it is, people who got in at the IPO price are still in the money, so not particularly concerned.

This is just someone dumping their shares either to drive the price down or because they are trying to take their BTC somewhere else.

[dhenson]

Panic mode engaged!

We're a long way from good news, it will most likely drift back to IPO levels before anything significant happens to renew interest.  Unfortunately people don't seem to be able to hold the line for long periods of inactivity, it's just the way of the bitcoin market.

Full disclosure... I sold @ .0027 + .0017 and won't enter again until .001 ish.

[canth]

Well, as you can see they were right to set their IPO price where they did. If the shares had sold at 0.002 and then dropped down to the current level, people would be outraged

As it is, people who got in at the IPO price are still in the money, so not particularly concerned.

+1 - my thoughts exactly. LabCoin was smart to keep the price where it should be. And for the sellers, I have a feeling they'll be back in a few weeks.

[FloatesMcgoates]

Panic mode engaged!

We're a long way from good news, it will most likely drift back to IPO levels before anything significant happens to renew interest.  Unfortunately people don't seem to be able to hold the line for long periods of inactivity, it's just the way of the bitcoin market.

Full disclosure... I sold @ .0027 + .0017 and won't enter again until .001 ish.

+1

No news = bad news, at least in this market

[Vigil]

Panic mode engaged!

We're a long way from good news, it will most likely drift back to IPO levels before anything significant happens to renew interest.  Unfortunately people don't seem to be able to hold the line for long periods of inactivity, it's just the way of the bitcoin market.

Full disclosure... I sold @ .0027 + .0017 and won't enter again until .001 ish.

+1

No news = bad news, at least in this market

Let the dumpers dump. Price will come back up a bit shortly with the buying opportunities this low.

[dhenson]

Let the dumpers dump. Price will come back up a bit shortly with the buying opportunities this low.

The difference is that the dumpers will have doubled their position.  This lesson is generally learned the hard way.

[Bitcycle]

I've already increased my position from the dumpers. So thanks, guys!

[Vigil]

Let the dumpers dump. Price will come back up a bit shortly with the buying opportunities this low.

The difference is that the dumpers will have doubled their position.  This lesson is generally learned the hard way.

True, but there is no saying that this is going to .001, it could just sit at .0015 and then bounce back up to .0016-0017. So, they may double nothing. People were trying to buy in back to .0016 then a huge wall of dumps back to .0015 came to stop it.

[Bitcycle]

Let the dumpers dump. Price will come back up a bit shortly with the buying opportunities this low.

The difference is that the dumpers will have doubled their position.  This lesson is generally learned the hard way.

True, but there is no saying that this is going to .001, it could just sit at .0015 and then bounce back up to .0016-0017. So, they may double nothing. People were trying to buy in back to .0016 then a huge wall of dumps back to .0015 came to stop it.

Yeah, my bet is all the little wannabe Gordon Gekkos are gonna get caught out.

[twentyseventy]

Picking up more shares now as we speak!

 DMS.SELLING is nearing what I believe to be its true value, so I'm out of that and into more LC shares

[freedomno1]

Still in, watching the garden drop and assuming the equity will move to the cheaper choice lol

[Vigil]

There is massive buy support at .0015.

[AM4Bitcoin]

I just see 5000 shares. Not very massive.

[Exocyst]

There is massive buy support at .0015.

There was massive buy support, this thing will dip below 0.00125. There is too much time before anything of substance can be provided to investors. That ticking clock is breaking weak hands.

[Vigil]

I just see 5000 shares. Not very massive.

02:43 (S) 629 @ 0.00150000 LABCOIN
02:42 (S) 9371 @ 0.00150000 LABCOIN
02:42 (S) 500 @ 0.00150000 LABCOIN
02:42 (S) 1998 @ 0.00150000 LABCOIN
02:42 (S) 1000 @ 0.00150200 LABCOIN
02:42 (S) 400 @ 0.00150200 LABCOIN
02:42 (S) 2540 @ 0.00150200 LABCOIN
02:42 (S) 3629 @ 0.00152000 LABCOIN
02:42 (S) 5230 @ 0.00155000 LABCOIN
02:42 (S) 35 @ 0.00155100 LABCOIN
02:42 (S) 62 @ 0.00156500 LABCOIN
02:42 (S) 235 @ 0.00156600 LABCOIN

As soon as the sell-off stops, someone buys in 200 @ .001554

Edit:

03:05 (B) 1079 @ 0.00154700 LABCOIN
03:05 (B) 407 @ 0.00154600 LABCOIN
03:05 (B) 114 @ 0.00154500 LABCOIN
03:04 (B) 121 @ 0.00154500 LABCOIN
03:01 (B) 200 @ 0.00155400 LABCOIN

[physalis]

That ticking clock is breaking weak hands.

Well, let 'em break, I say