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

[Stuartuk]

I think it's fair to say that the safe option right now is to sell then.

If this was sitting at sub .002 it might be worth the risk, but there is too much downside on the chart if you look. (1month)

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[N_S]

I think it's fair to say that the safe option right now is to sell then.

If this was sitting at sub .002 it might be worth the risk, but there is too much downside on the chart if you look. (1month)

I see Stuart is hot on the FUD wagon

God I love this shit.

[creativex]

Expecting management to do what management says they'll do is not unreasonable.

The question was "why does no one care about this."  I'm explaining why I don't care.   If they're honest, they won't sell shares.  If they're dishonest, we're fucked.

I suppose the price might go up a little if they proved they locked the shares, since it would provide evidence for their honesty. But right now I'm looking to get more cheap shares as soon as the ActM price goes up a little and a sell order I have gets filled.

I'm not worried about it, my view is that they're honest.  Or at least, the probability of their honesty is high enough to justify the current share price.

Understood, thanks for clarifying.

I'll leave the speculators to speculate. I frankly find posts by people cursing their day job because it prevented them from cleaning up by flipping crypto stocks rather disturbing.

I see Stuart is hot on the FUD wagon

God I love this shit.

When you quote him those of us that have him on ignore are tricked into reading his post anyway.

[Stuartuk]

I see Stuart is hot on the FUD wagon

God I love this shit.

But didn't you just tell ferskvare to sell if he felt uncomfortable with the no-coms situation??

Sorry, I'm getting confused because you said sell if you weren't happy. It looks like a lot of people are not happy so are you telling them to sell or not?
You can't just say this is FUD when it's your idea in the first place.

And you can't say it's FUD to say the safer price is .002. I believe that is a safe price to buy at, and if an invester feels that's safe then, inline with your own advice they would buy there and not at 0.0035.

[Stuartuk]

I see Stuart is hot on the FUD wagon

If you want to see genuine FUD just look at this, the last post from N_S on the ACtM thread. It's 100% FUD. But he doesn't like 'down the line' comments or questions on here and calls them FUD to keep people quiet. What has he got to hide?? If this company was genuine would you have to call everyone who asks a straight up question a FUD spreader? Think about it and look at this guys form:

You guys ready to sell ? 

SELL! SELL! SELL!

 

If you're not selling, you're losing.

[ThickAsThieves]

Exactly. And since they have nothing to show there options are limited.
Easiest way too scam would not locking shares
and slowly selling them while giving some vague updates that keeps the bids up.
Oh wait that is exactly what is happening.   

Unfortunately, it is highly likely this is the case. I hope I am proved wrong.

I am willing to take side bets on Labcoin not being a scam. Please PM me if interested.

http://bitbet.us/?ref=17NkEmq1ZXRrRkPPGA9gxemUzKKKqP6Uyu

Define your parameters and post a bet, that's what the site is there for. No need for PMs, etc.

[N_S]

Stuart, that post was accurate at the time - if you weren't selling ActM at that time, you were losing. I mean, it was objective fact.

[Stuartuk]

Stuart, that post was accurate at the time - if you weren't selling ActM at that time, you were losing. I mean, it was objective fact.

Are you being serious? So you weren't encouraging the sell off? You are a joke my friend.

[N_S]

Stuart, that post was accurate at the time - if you weren't selling ActM at that time, you were losing. I mean, it was objective fact.

Are you being serious? So you weren't encouraging the sell off? You are a joke my friend.

Would you accept a hug?

[Stuartuk]

Would you accept a hug?

I'm sorry but like you I treat this as business.

Except, I'm not here to try and rip anyone off or cause them to loose money to my own benefit. I'm giving people serious and honest advice here. I think a safe price for LabCoin considering it's so close to the Hashing date and coms are dead is closer to .002 and preferably under.

You might not like that advice, you might think it's overly cautious, but to say it's FUD is just worrying to me. Well it would be worrying if I had any shares in LabCoin.

[Ytterbium]

I think it's fair to say that the safe option right now is to sell then.

If this was sitting at sub .002 it might be worth the risk, but there is too much downside on the chart if you look. (1month)

OMG this "chart" stuff is total voodoo nonsense. I made 65% in 20 minutes yesterday on ActM because I looked at the information - people who waited to see the spike on the chart didn't get much of anything.

The reason I was able to do it was because I didn't have any stake in ActM, I could sell my labcoin shares, buy ActM, then dump them once the price spiked.

[Stuartuk]

OMG this "chart" stuff is total voodoo nonsense. I made 65% in 20 minutes yesterday on ActM because I looked at the information - people who waited to see the spike on the chart didn't get much of anything.

You keep saying that but have a look at any Sovereign or Global banks investment division and you'll see each trader has six or more screens on their desk. On most of them are charts. One screen will be news, one will be tape prices, the rest will be charts. Chart analysis is an industry of itself within the global securities industry. Your view is incredibly naive. Have a look at some professional traders on youtube and see how much voodoo there is out there.

Edit: here's one for you, this lady is a 30year experienced trader, she has written a best selling trading book and runs her own hedge fund which is rated in the top 2% by Barclays Bank. Do you see any voodoo?

http://www.youtube.com/watch?feature=player_embedded&v=HTyxBA700Go#t=20

[Mabsark]

Would you accept a hug?

I'm sorry but like you I treat this as business.

Except, I'm not here to try and rip anyone off or cause them to loose money to my own benefit. I'm giving people serious and honest advice here. I think a safe price for LabCoin considering it's so close to the Hashing date and coms are dead is closer to .002 and preferably under.

You might not like that advice, you might think it's overly cautious, but to say it's FUD is just worrying to me. Well it would be worrying if I had any shares in LabCoin.

What money has anyone caused you to lose? You keep claiming to be in ActM for the long run so why are you so concerned about these small movements in share price?

Also, how can 0.002 be "safer" than 0.0033? LC is either "safe" or it isn't. If it isn't "safe", then it's worth 0.

[Bitcycle]

Technical analysis is useless in a market this tiny and this news-driven.  It's a fundamental misunderstanding of what TA does.

So, you know, good luck with your charts.

[Ytterbium]

OMG this "chart" stuff is total voodoo nonsense. I made 65% in 20 minutes yesterday on ActM because I looked at the information - people who waited to see the spike on the chart didn't get much of anything.

You keep saying that but have a look at any Sovereign or Global banks investment division and you'll see each trader has six or more screens on their desk. On most of them are charts. One screen will be news, one will be tape prices, the rest will be charts. Chart analysis is an industry of itself within the global securities industry. Your view is incredibly naive. Have a look at some professional traders on youtube and see how much voodoo there is out there.

So what?  Obviously people look at charts to check on movement, see if the stock is going up or down in order to see if it's going towards or away from the levels that they'll buy or sell at. The reason legitimate reason to look at charts isn't to predict what's going to happen in the future, just to see what's happening currently.

But the "chart analysis" crap, looking at charts in order to find patterns like "red engulfing candles" or "beaver tails" or whatever is idiotic, or whether it's "broken it's resistance" or whatever nonsense is exactly that.  Total nonsense.  It's barely above voodoo or astrology.

That isn't to say people at investment banks don't do it.  I'm sure many do.  They also do lots of other stupid things like buy tranches in sub prime mortgages or credit default swaps from AIG. Lots of investment bankers are idiots.

Technical analysis is useless in a market this tiny and this news-driven.  It's a fundamental misunderstanding of what TA does.

So, you know, good luck with your charts.

Exactly even if TA worked on big exchanges, these markets are so tiny and illiquid and stuffed with n00bs that you couldn't expect it to respond the way a big stock in a big market full of pro traders would.

[Stuartuk]

Technical analysis is useless in a market this tiny and this news-driven.  It's a fundamental misunderstanding of what TA does.

Au contrair. You seem to have the misunderstanding.

There are several aspects to TA and the reasons as to why it works. I agree there will be limited traders acting on chart patterns - but those who do will be the bigger players. On top of that, charts show not just tradeable patterns, but also how buyers are acting. A graphic representation of price is a tool and it doesn't have to be followed by any of the traders in a security for the information it shows to be predictive.

[AngelSky]

This tread if full of geniuses

[Stuartuk]

But the "chart analysis" crap,....is idiotic,

Your view of something you don't understand is to call it idiotic. I wouldn't trust your judgement on anything - including the prospects of LabCoin.

[Ytterbium]

Au contrair. You seem to have the misunderstanding.

There are several aspects to TA and the reasons as to why it works. I agree there will be limited traders acting on chart patterns - but those who do will be the bigger players.

This is completely delusional.  You're just assuming that the people with the most money are the ones who share your moronic ideas about TA.  It's a common refrain that the "big" money is all doing TA.  But only reason the "big money" would do TA is if they thought other big money people were doing TA.  And there is no reason for that to be the case, because TA is retarded.

Secondly this market is too liquid for "big money" to make any "big moves".  People with big positions aren't sitting there trying to trade tiny chunks for a few shatoshi here and there based on the "chart" because any move they make is going to cause a major price jump or fall, swamping any "signal" in the chart completely.

They certainly aren't going to care about what tiny traders are doing a few dozen share at a time, why would they?

And seriously, how large of a position would one need to have to be a "big player" in this market, exactly?

But the "chart analysis" crap,....is idiotic,

Your view of something you don't understand is to call it idiotic. I wouldn't trust your judgement on anything - including the prospects of LabCoin.

Then don't.  I'm not interested in helping idiots make money.

I don't know much about Voodoo or Astrology or tea-leave reading but I don't exactly feel like I need to know much about it to write them off. I know enough about the ludicrously named "technical analysis" (which is totally non-technical and barely 'analysis') to know it's total B.S.

[Stuartuk]

TA is retarded.

Just wow.

There is about 5Mill USD invested in these LabCoin shares and some holders have 50-100k USD worth. You don't think that is big money? You don't think these guys know what they are doing?

No-one should be following this mans advice.