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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1040714 times)
ferskvare
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September 05, 2013, 09:23:32 PM
 #5441

Why all the "they are keeping us in the dark", "they have no updates" statements? Where did LC say they would have an update for you today, yesterday or any other date? I remember an "early next week" that came in on a Wednesday, which is fine by me. Other that that, I cannot for the life of me find any promises about info that have not been followed through.
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N_S
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September 05, 2013, 09:23:48 PM
 #5442

Blah, blah. Some evidence that they are following through would be adequate, this should not even be an issue.

You're missing the point. No one really disagrees that it shouldn't be an issue. But aside from voicing your opinion on LC's communication efforts, the only action you have at your disposal is to invest or liquidate.

If I were you, I'd move forward with the idea that your desire for communication will go unfulfilled. If that's a problem for you, sell. Easy peasy Smiley
Stuartuk
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September 05, 2013, 09:31:15 PM
 #5443

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)

N_S
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September 05, 2013, 09:33:07 PM
 #5444

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 Smiley

God I love this shit.
creativex
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September 05, 2013, 09:34:15 PM
 #5445

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 Smiley

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
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September 05, 2013, 09:45:35 PM
 #5446

I see Stuart is hot on the FUD wagon Smiley

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
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September 05, 2013, 09:54:52 PM
 #5447

I see Stuart is hot on the FUD wagon Smiley

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 ?  Grin
SELL! SELL! SELL!

 Cheesy

If you're not selling, you're losing.
ThickAsThieves
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September 05, 2013, 09:56:43 PM
 #5448


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.   Shocked

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
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September 05, 2013, 09:59:23 PM
 #5449

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
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September 05, 2013, 10:02:44 PM
 #5450

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
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September 05, 2013, 10:03:18 PM
 #5451

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
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September 05, 2013, 10:08:34 PM
 #5452


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
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September 05, 2013, 10:12:30 PM
 #5453

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
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September 05, 2013, 10:21:18 PM
 #5454

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
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September 05, 2013, 10:22:44 PM
 #5455


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
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September 05, 2013, 10:23:24 PM
 #5456

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
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September 05, 2013, 10:27:36 PM
 #5457

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
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September 05, 2013, 10:34:59 PM
 #5458

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
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September 05, 2013, 10:36:02 PM
 #5459

This tread if full of geniuses

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Stuartuk
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September 05, 2013, 10:41:51 PM
 #5460

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.
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