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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1039659 times)
Mabsark
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September 08, 2013, 12:51:18 AM
 #5681

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.


Stuart, your post reeks of the jealous delusions of an ActM fanboy.

Anyone with half a brain could have told you that the eASIC news would cause a short lasting bubble due to having no actual chips for another 2 months. Anyone with a half a brain could also tell you that news of LC mining will be the start of a long lasting increase in share price due to actually having chips.

You've got to be seriously delusional to not understand this.


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redbeans2012
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September 08, 2013, 01:37:21 AM
 #5682

is there a bet going that labcoin will be hashing on the 10th?
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September 08, 2013, 01:44:34 AM
 #5683

Just jumped on board for 7 shares (my gal's lucky number). Looking forward to what the upcoming weeks/months bring.

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Vigil
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September 08, 2013, 02:02:20 AM
 #5684

Just jumped on board for 7 shares (my gal's lucky number). Looking forward to what the upcoming weeks/months bring.
Don't do anything you might regret...
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September 08, 2013, 02:12:04 AM
 #5685

Just jumped on board for 7 shares (my gal's lucky number). Looking forward to what the upcoming weeks/months bring.

Just be ready to sell if they don't deliver or never return to the forum.
Vigil
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September 08, 2013, 02:37:26 AM
 #5686

Just jumped on board for 7 shares (my gal's lucky number). Looking forward to what the upcoming weeks/months bring.

Just be ready to sell if they don't deliver or never return to the forum.

Its only 7 shares... $2.
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September 08, 2013, 02:44:52 AM
 #5687

Just jumped on board for 7 shares (my gal's lucky number). Looking forward to what the upcoming weeks/months bring.

Just be ready to sell if they don't deliver or never return to the forum.

Its only 7 shares... $2.

I assumed you would have detected the sarcasm.
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September 08, 2013, 02:47:50 AM
 #5688

So, anyone like to provide a detailed outline of what needs to be shown on the 10th to verify the legitimacy of the Labcoin operation?
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September 08, 2013, 02:59:22 AM
 #5689

So, anyone like to provide a detailed outline of what needs to be shown on the 10th to verify the legitimacy of the Labcoin operation?

I'm happy with either photo/video proof of the hardware and that it is functioning, or the user on a mining pool scoreboard so we can actually see it and how much it is.
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September 08, 2013, 03:41:56 AM
 #5690

Stuart, your post reeks of the jealous delusions of an ActM fanboy.

Anyone with half a brain could have told you that the eASIC news would cause a short lasting bubble due to having no actual chips for another 2 months. Anyone with a half a brain could also tell you that news of LC mining will be the start of a long lasting increase in share price due to actually having chips.

You've got to be seriously delusional to not understand this.


Actually, I did think ActM would settle at a higher price.  I actually thought it might get to 0.008 or 0.009.  That's because I personally wasn't even sure if the eASIC deal would really go through, or how long it would take. At least as far as my personal view - the fact the deal was closed made it seem much more likely to pay off down the road - although there are still a lot of things that Ken needs to get done before the stock can start paying dividends, and a lot of them are not under NDA.


But the fact that the price didn't slide indicates to me that, in fact, "the market" (such as it is) had been assuming the deal was legit all along. Labcoin seems way under priced as well - which to me says that most market participants actually do think both Labcoin and ActM will be successful, probably both getting a few percent of the network.

What I actually think is going on is that there just aren't enough people in the market overall, not enough money to support the "real" value of these stocks.  That's not too surprising given the TOS you have to agree too, which basically amounts to you agreeing that you're just giving away your money with no recourse.  Plus, not many people even use bitcoin, let alone understand mining well enough to get why these stocks have value.  

I know when people started talking about GLBSE, I figured it was an incredibly stupid idea to trust some random "bitcoin stock exchange".  It turns out I was totally right about GLBSE - and early ASICMiner investors where only able to keep their shares because of Friedcat's heroic measures in getting the shareholder list.

I think that probably explains AsicMiner's decline, the value (IMO) is declining because people are selling AM to buy ActM and Labcoin. Even though AM has been around longer, the fact is the price/reward ratio between AM and Labcoin are way out of whack.  AM and Labcoin both have 130nm chips, with faster ones on the way. There's no reason for AM to have 50-60 times the market cap.  At 2.1 and 0.038 it's more like 20x the market cap.

So, it's impossible to predict what's going to happen.  We might see a spike then rundown as people take profits. Or the news that they're hashing

____
Also - it's obviously funny that this supposed, self-proclaimed "chart reading genius" apparently didn't predict what would actually happen with his voodoo chartstrology.  He keeps saying that the only reason ActM is low is because of you spreading fud, but if he's so awsome at predicting movements from charts why hasn't he been able to predict ActM's spike and subsequent return to .038?

I mean, if he could really predict what the market was going to do he could have set a sell order at 0.0068, and a buy order at 0.0039, and almost doubled the number of shares in his account while being away from the computer for days.

But of course for people like this, they're never willing to give a timeframe for their predictions. They'll always say whatever is going to happen just hasn't happened yet, what good is knowing a future stock price if you don't know when it will have that price? (or, they'll tell you that people are doing something to prevent the "will of nature" apparently in this case the chart gods can be foiled by forum trolling)

FloatesMcgoates
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September 08, 2013, 03:49:28 AM
 #5691

Stuart, your post reeks of the jealous delusions of an ActM fanboy.

Anyone with half a brain could have told you that the eASIC news would cause a short lasting bubble due to having no actual chips for another 2 months. Anyone with a half a brain could also tell you that news of LC mining will be the start of a long lasting increase in share price due to actually having chips.

You've got to be seriously delusional to not understand this.


Actually, I did think ActM would settle at a higher price.  I actually thought it might get to 0.008 or 0.009.  That's because I personally wasn't even sure if the eASIC deal would really go through, or how long it would take. At least as far as my personal view - the fact the deal was closed made it seem much more likely to pay off down the road - although there are still a lot of things that Ken needs to get done before the stock can start paying dividends, and a lot of them are not under NDA.


But the fact that the price didn't slide indicates to me that, in fact, "the market" (such as it is) had been assuming the deal was legit all along. Labcoin seems way under priced as well - which to me says that most market participants actually do think both Labcoin and ActM will be successful, probably both getting a few percent of the network.

What I actually think is going on is that there just aren't enough people in the market overall, not enough money to support the "real" value of these stocks.  That's not too surprising given the TOS you have to agree too, which basically amounts to you agreeing that you're just giving away your money with no recourse.  Plus, not many people even use bitcoin, let alone understand mining well enough to get why these stocks have value.  

I know when people started talking about GLBSE, I figured it was an incredibly stupid idea to trust some random "bitcoin stock exchange".  It turns out I was totally right about GLBSE - and early ASICMiner investors where only able to keep their shares because of Friedcat's heroic measures in getting the shareholder list.

I think that probably explains AsicMiner's decline, the value (IMO) is declining because people are selling AM to buy ActM and Labcoin. Even though AM has been around longer, the fact is the price/reward ratio between AM and Labcoin are way out of whack.  AM and Labcoin both have 130nm chips, with faster ones on the way. There's no reason for AM to have 50-60 times the market cap.  At 2.1 and 0.038 it's more like 20x the market cap.

So, it's impossible to predict what's going to happen.  We might see a spike then rundown as people take profits. Or the news that they're hashing

____
Also - it's obviously funny that this supposed, self-proclaimed "chart reading genius" apparently didn't predict what would actually happen with his voodoo chartstrology.  He keeps saying that the only reason ActM is low is because of you spreading fud, but if he's so awsome at predicting movements from charts why hasn't he been able to predict ActM's spike and subsequent return to .038?

I mean, if he could really predict what the market was going to do he could have set a sell order at 0.0068, and a buy order at 0.0039, and almost doubled the number of shares in his account while being away from the computer for days.

But of course for people like this, they're never willing to give a timeframe for their predictions. They'll always say whatever is going to happen just hasn't happened yet, what good is knowing a future stock price if you don't know when it will have that price? (or, they'll tell you that people are doing something to prevent the "will of nature" apparently in this case the chart gods can be foiled by forum trolling)
Actm's stock price has been really funny in the last few weeks. For the longest period of time Actm was stuck in between .005-.0055 until that one day in which labcoin crashed/recovered/crashed several times because swede didnt bring news "early in the week" enough. This created a ripple effect on Actm which sent that stock into freefall, down to .003-.004 because investors demanded news on eAsic. Then, the press release finally comes out and the stock price settles at ... .003-.004. Must suck to be stuartuk right now given how he was banking on the press release to bump his shares permanently upward.
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September 08, 2013, 04:19:41 AM
 #5692

I think that probably explains AsicMiner's decline, the value (IMO) is declining because people are selling AM to buy ActM and Labcoin. Even though AM has been around longer, the fact is the price/reward ratio between AM and Labcoin are way out of whack.  AM and Labcoin both have 130nm chips, with faster ones on the way. There's no reason for AM to have 50-60 times the market cap.  At 2.1 and 0.038 it's more like 20x the market cap.

AMs market cap based on btct's 24hr avg share price is 26.017x that of LC's market cap based on their current 24hr share price.

AM is obviously the established player here while LC still has a whole lot to prove. If LC can actually bring 200-300Th/s online in 2013 while friedcat brings on 1000Th then their market cap differences will likely begin to close, but lots of folks talk about bringing on huge hashing farms that never materialize. FC has actually done it and I wouldn't care to bet against him increasing AMs hashrate 10 fold or more in Q4.

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September 08, 2013, 05:05:24 AM
 #5693

 Roll Eyes Roll Eyes ::)look forward to ~~~
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September 08, 2013, 09:16:49 AM
 #5694

Stuart, your post reeks of the jealous delusions of an ActM fanboy.

Anyone with half a brain could have told you that the eASIC news would cause a short lasting bubble due to having no actual chips for another 2 months. Anyone with a half a brain could also tell you that news of LC mining will be the start of a long lasting increase in share price due to actually having chips.

You've got to be seriously delusional to not understand this.


Actually, I did think ActM would settle at a higher price.  I actually thought it might get to 0.008 or 0.009.  That's because I personally wasn't even sure if the eASIC deal would really go through, or how long it would take. At least as far as my personal view - the fact the deal was closed made it seem much more likely to pay off down the road - although there are still a lot of things that Ken needs to get done before the stock can start paying dividends, and a lot of them are not under NDA.


But the fact that the price didn't slide indicates to me that, in fact, "the market" (such as it is) had been assuming the deal was legit all along. Labcoin seems way under priced as well - which to me says that most market participants actually do think both Labcoin and ActM will be successful, probably both getting a few percent of the network.

What I actually think is going on is that there just aren't enough people in the market overall, not enough money to support the "real" value of these stocks.  That's not too surprising given the TOS you have to agree too, which basically amounts to you agreeing that you're just giving away your money with no recourse.  Plus, not many people even use bitcoin, let alone understand mining well enough to get why these stocks have value.  

I know when people started talking about GLBSE, I figured it was an incredibly stupid idea to trust some random "bitcoin stock exchange".  It turns out I was totally right about GLBSE - and early ASICMiner investors where only able to keep their shares because of Friedcat's heroic measures in getting the shareholder list.

I think that probably explains AsicMiner's decline, the value (IMO) is declining because people are selling AM to buy ActM and Labcoin. Even though AM has been around longer, the fact is the price/reward ratio between AM and Labcoin are way out of whack.  AM and Labcoin both have 130nm chips, with faster ones on the way. There's no reason for AM to have 50-60 times the market cap.  At 2.1 and 0.038 it's more like 20x the market cap.

So, it's impossible to predict what's going to happen.  We might see a spike then rundown as people take profits. Or the news that they're hashing

____
Also - it's obviously funny that this supposed, self-proclaimed "chart reading genius" apparently didn't predict what would actually happen with his voodoo chartstrology.  He keeps saying that the only reason ActM is low is because of you spreading fud, but if he's so awsome at predicting movements from charts why hasn't he been able to predict ActM's spike and subsequent return to .038?

I mean, if he could really predict what the market was going to do he could have set a sell order at 0.0068, and a buy order at 0.0039, and almost doubled the number of shares in his account while being away from the computer for days.

But of course for people like this, they're never willing to give a timeframe for their predictions. They'll always say whatever is going to happen just hasn't happened yet, what good is knowing a future stock price if you don't know when it will have that price? (or, they'll tell you that people are doing something to prevent the "will of nature" apparently in this case the chart gods can be foiled by forum trolling)
Actm's stock price has been really funny in the last few weeks. For the longest period of time Actm was stuck in between .005-.0055 until that one day in which labcoin crashed/recovered/crashed several times because swede didnt bring news "early in the week" enough. This created a ripple effect on Actm which sent that stock into freefall, down to .003-.004 because investors demanded news on eAsic. Then, the press release finally comes out and the stock price settles at ... .003-.004. Must suck to be stuartuk right now given how he was banking on the press release to bump his shares permanently upward.

Too many people obsessed with share price.  Yes, that matters to flippers but it's the dividends that those who hold long are interested in.  Do not make the mistake of assuming to know what others strategies are.

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September 08, 2013, 09:33:15 AM
 #5695

People won't want to miss the gravy train when we start hashing. The only people who will complain about the share price are the same people complaining that they missed out on ipo. I've since bought more shares, I can't wait till late next week
demzie
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September 08, 2013, 09:36:03 AM
 #5696

Also all those calculations about the chips, powerconsumption and hardware?! Fat BS..
Who cares, how they do it? how they get those TH.. as long as they come forward and start hashing, thats the most important..

Hardware sales is second on the list.. first push the car, than change wheels Smiley
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September 08, 2013, 09:38:21 AM
 #5697

People won't want to miss the gravy train when we start hashing. The only people who will complain about the share price are the same people complaining that they missed out on ipo. I've since bought more shares, I can't wait till late next week
I believe in this project - bought at IPO, bought some more @btct - 0.0035 and even bought @Havelock - 0.003.

Not interested so much in dividends, I want to speculate in the price and that is why I am currently interested in AM right now...

Furthermore I hold IceDrill and PetaMine bonds.

BTC: 1K9atu5zgz7izCMAynk5adBJ8Qn2YgS6nT
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September 08, 2013, 01:24:57 PM
 #5698

Who just sold all ActvM to LC ?  Grin

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Mabsark
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September 08, 2013, 01:33:27 PM
 #5699

Who just sold all ActvM to LC ?  Grin

Someone with common sense. That rules out Stuart.  Cheesy
velacreations
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September 08, 2013, 01:33:59 PM
 #5700

Who just sold all ActvM to LC ?  Grin

yeah, that was pretty wild.  17K ActM shares to buy ~24K LC shares.

Seems like some people want to get on the train before it leaves the station.  Will we see a rally today?

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