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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058130 times)
N_S
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September 07, 2013, 08:14:08 PM
 #5661

Never mind the trolls for now you can deal with them later. The crucial point is there are only three days to go and many people are still trusting their hard earned money on this? OMG guys be sensible. A safe price is sub 0.002 so my advice with only hours to go and NOTHING from LabCoin is lock in your profits and don't buy above the level mentioned.

If this is a gamble and you can afford to loose your cash don't worry, a gamble is a gamble. But if this is important money, then please make sure it is safe.

Thank you so much for your concern, Stuart. We'll be sure to make the right play.
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September 07, 2013, 08:24:04 PM
 #5662

Never mind the trolls for now you can deal with them later. The crucial point is there are only three days to go and many people are still trusting their hard earned money on this? OMG guys be sensible. A safe price is sub 0.002 so my advice with only hours to go and NOTHING from LabCoin is lock in your profits and don't buy above the level mentioned.

If this is a gamble and you can afford to loose your cash don't worry, a gamble is a gamble. But if this is important money, then please make sure it is safe.

Thank you so much for your concern, Stuart. We'll be sure to make the right play.

I think a good play might be to buy shares after the price plummets to 0.002ish after a couple of days of Labcoin strife and rage if the hashing deadline is not met, no?

EDIT:  Any curent share holders willing to gamble on the fact that this dealine may not be met could potentially double their holdings.

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Stuartuk
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September 07, 2013, 08:49:59 PM
 #5663

Thank you so much for your concern, Stuart. We'll be sure to make the right play.

Well that's presumptuous. Infact, most people are not making the right play just now which is why price is still so high. The right play is not to sit and wait for the possibility of total loss but many are doing just that because of cheerleaders like yourself pretending everything is going to be OK - despite the fact that you simply don't know that.

I think everyone should be aware that if price reacts to good news that the sellers will be ready to jump, and so price will be back below where it is now within a few hours. You only need to look at the ACtM chart to see how things will pan out with good news. And price will end up even lower with bad news. Either way, price will end up below where it is now.

This is why extreme caution is needed here. IF there is good news, you need to get ready to sell - or end up below the current price.
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September 07, 2013, 08:56:14 PM
 #5664

Quite boring now Stuart....

#FREETMAN
physalis
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September 07, 2013, 08:57:09 PM
 #5665

I think everyone should be aware that if price reacts to good news that the sellers will be ready to jump, and so price will be back below where it is now within a few hours. You only need to look at the ACtM chart to see how things will pan out with good news. And price will end up even lower with bad news. Either way, price will end up below where it is now.

This is why extreme caution is needed here. IF there is good news, you need to get ready to sell - or end up below the current price.

That might just be the stupidest thing I've read all week.
And that says something, since you were in tough competition with yourself there.
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September 07, 2013, 09:20:00 PM
 #5666

It seems to be the case that everyone just sells-off after 20-30% gains with these announcements. This has the effect of absorbing all the incoming funds rewarding them with nothing. In other words, those who are selling-off and rebuying low are just collecting shares while keeping the price per share low, and keeping other/new investors out of any potential share holdings(future dividends). Its a good strategy if the plan is to make the money from the dividends rather than the increase of the stock price.
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September 07, 2013, 09:24:14 PM
 #5667

I think everyone should be aware that if price reacts to good news that the sellers will be ready to jump, and so price will be back below where it is now within a few hours. You only need to look at the ACtM chart to see how things will pan out with good news. And price will end up even lower with bad news. Either way, price will end up below where it is now.

This is why extreme caution is needed here. IF there is good news, you need to get ready to sell - or end up below the current price.

That might just be the stupidest thing I've read all week.
And that says something, since you were in tough competition with yourself there.

What exactly do you disagree with? Thanks.
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September 07, 2013, 09:31:08 PM
 #5668

It seems to be the case that everyone just sells-off after 20-30% gains with these announcements. This has the effect of absorbing all the incoming funds rewarding them with nothing. In other words, those who are selling-off and rebuying low are just collecting shares while keeping the price per share low, and keeping other/new investors out of any potential share holdings(future dividends). Its a good strategy if the plan is to make the money from the dividends rather than the increase of the stock price.

this

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physalis
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September 07, 2013, 09:57:03 PM
 #5669

What exactly do you disagree with? Thanks.

The statement that good news will lower the price.
Also with the necessity of your presence in this thread.
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September 07, 2013, 10:08:20 PM
 #5670

What exactly do you disagree with? Thanks.

The statement that good news will lower the price.
Also with the necessity of your presence in this thread.

I wouldn't be too sure.  It's entiely possible that the price will not shoot up as everyone expects.

Just look at ActM as a case in point as has already been mentioned.

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N_S
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September 07, 2013, 10:14:32 PM
 #5671

I wouldn't be too sure.  It's entiely possible that the price will not shoot up as everyone expects.

Just look at ActM as a case in point as has already been mentioned.

Well, ActM still did shoot up, I mean, look at the graph. Now, I think the reason ActM didn't stay at a higher price is most likely because there still isn't anything tangible. The eASIC announcement is great news, to be sure, but there's still a lot of uncertainty (although admittedly that's decreasing)

If Labcoin hit their deadline, not only will a lot of uncertainty be removed, but now you're talking about having tangible, hashing hardware. That's likely enough to keep the price afloat.
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September 07, 2013, 10:19:46 PM
 #5672

What exactly do you disagree with? Thanks.

The statement that good news will lower the price.
Also with the necessity of your presence in this thread.

I wouldn't be too sure.  It's entiely possible that the price will not shoot up as everyone expects.

Just look at ActM as a case in point as has already been mentioned.
The ActM news was pretty solid news too. It confirmed they had a deal with a top ASIC company and that it wasn't a scam, yet the price went no where. Its the same reason as I mentioned before... there are big sellers who are 'absorbing' all the momentum of the stocks through huge sell-offs. There eventually won't be any money left to buy in to drive the price up because they all got burned. Its almost like getting other people to fund your mining rigs but giving them nothing in return (some people do but no where near to the amount of people who threw-in).

They will drive the price up later when they have collected the majority of the dividends and then sell-off.
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September 07, 2013, 10:22:34 PM
 #5673

I wouldn't be too sure.  It's entiely possible that the price will not shoot up as everyone expects.

Just look at ActM as a case in point as has already been mentioned.

Well, ActM still did shoot up, I mean, look at the graph. Now, I think the reason ActM didn't stay at a higher price is most likely because there still isn't anything tangible. The eASIC announcement is great news, to be sure, but there's still a lot of uncertainty (although admittedly that's decreasing)

If Labcoin hit their deadline, not only will a lot of uncertainty be removed, but now you're talking about having tangible, hashing hardware. That's likely enough to keep the price afloat.
If it is about uncertainty then the eASIC deal should have resolved at least SOME of it. It did nothing.
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September 07, 2013, 10:23:05 PM
 #5674

I honestly think we wont break .004 till the first divident is paid.
Bitcycle
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September 07, 2013, 10:30:52 PM
 #5675



You guys should sell all your shares now, buy back just before the first dividends.

If you really believe the price won't go anywhere til then, there's better places to put your money.

So sell.

Yeah.  That's what I thought.
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September 07, 2013, 10:32:39 PM
 #5676

What exactly do you disagree with? Thanks.

The statement that good news will lower the price.
Also with the necessity of your presence in this thread.

What I said was quite clear, and it was not simply 'good news will lower price'.

What will happen is similar to what happened to the ACtM price a few days ago:
If there is 'good news' (i.e. a small bit of mining started) there would be a spike in price (approx 50%) which would last half an hour. Then there would be a steady sell off over the rest of the day until price settles at, or below, the price before the news. This is exactly how it will pan out - just like ACtM there will be no significant divs from this mining just a promise of bigger future divs and so no reason for the price increase to hold.

So is that 30min window in which a spike will occur worth the risk of loosing money? How many people will catch the 30min window before all the big holders start selling huge chunks?
Some might like the risk of loosing 20% for a possible 50% increase BUT PLEASE be aware of this fact before you decide:

When the news hit the ACtM stock, it's price was deflated. It was sitting at 40% of it's all time high and well below it's recent average range.
When (or if) news hits the LC stock, it's price will already be inflated. Price is currently sitting at around 90% of the all time high and in the top half of it's recent average range.

What this means is that the theoretical 50% spike that everyone is praying for might well not happen at all, because price is already over-inflated.

This is why 0.002 is a safe price right now and why .0035 is not safe and actually represents a very very poor value price considering the possibility of bad news coming.

I hope that's an eye opener for some people and you take this opportunity to limit your risks on this one.





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September 07, 2013, 10:35:04 PM
 #5677

If Labcoin hit their deadline, not only will a lot of uncertainty be removed, but now you're talking about having tangible, hashing hardware. That's likely enough to keep the price afloat.

Satoshi dust divs will keep the LC spike afloat? Wishful thinking. 40% increase and everyone will be running for the doors. Or will it be 20% increase? 15%? I think there are a bus load of holders desperate to sell at break even now so .004 could see the big sell.
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September 07, 2013, 10:48:17 PM
 #5678

If Labcoin hit their deadline, not only will a lot of uncertainty be removed, but now you're talking about having tangible, hashing hardware. That's likely enough to keep the price afloat.

Satoshi dust divs will keep the LC spike afloat? Wishful thinking. 40% increase and everyone will be running for the doors. Or will it be 20% increase? 15%? I think there are a bus load of holders desperate to sell at break even now so .004 could see the big sell.

Does 3-4TH produce satoshi dust dividends? Wouldn't a worst present case (800TH network) still equate to 0.5%? And is this seriously coming from the biggest ActM cheerleader to date? Might I remind you that ActM has less than 0.5TH online?
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September 07, 2013, 10:54:33 PM
 #5679

Labcoin is going to be able to push out ~1.2Gh in a 5W usb miner for around $3-4 usd production cost (based on their performance/power usage estimates).  The profit on those alone will be amazing for investors.  The mining is just a nice bonus.
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September 07, 2013, 11:02:56 PM
 #5680

/ignore Stuartuk

Thanks.

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