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Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042021 times)
Stuartuk
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September 09, 2013, 08:39:18 PM
 #6221


We think we gave enough evidence that our company and achievements are real to avoid being labeled as a "scam".

Actually all we have is words and a more or less generic chip picture. Your text posts =/= evidence, I am still invested, but I do have you as a mid-chance of a scam. A pic or something of that nature would be much appreciated.

There is 5Million USD tied up in these shares. And you lot trust that sort of money to a pic of a chip and a handful or words?

Mass insanity. If you can afford to lose your money that's fine. Just be careful/sell if you can't.
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September 09, 2013, 08:39:39 PM
 #6222

And when they pay dividends people will come on and say, "No!!! They didn't mine that BTC! They just went and bought it and are paying dividends. They're scamming you!"
Bought it? They could use the profits they have made trading those unlocked shares to pay dividends. Bitcoin is no stranger to Ponzi schemes, either.

I am out unless we get some solid proof of hashing.
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September 09, 2013, 08:39:41 PM
 #6223

18 out of 20 trades on 'RECENT TRADES' (btct homepage) are for SELLS and only 2 for BUYS.  

The writing is on the wall;   SELL! SELL! SELL!

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September 09, 2013, 08:39:51 PM
 #6224

anyone can calculate how much I will receive 17th september from divs?  Huh
4TH/s for a week should, theoretically, generate 160-ish BTC.

The contract says they will hold back 20-30% for reinvestment.  That leaves 112 BTC for distribution.

112 BTC/10,000,000 shares = 0.0000112 BTC/share

That number won't be accurate since they are solo mining.  That means their income will have around a 25 BTC granularity.  160 BTC/week also assumes absolutely average luck.

Jere

And when they pay dividends people will come on and say, "No!!! They didn't mine that BTC! They just went and bought it and are paying dividends. They're scamming you!"

Exactly. It would only cost them a small amount of money to pay dividends to in turn sell at a much higher price thus profiting more.
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September 09, 2013, 08:40:03 PM
 #6225

anyone can calculate how much I will receive 17th september from divs?  Huh
4TH/s for a week should, theoretically, generate 160-ish BTC.

The contract says they will hold back 20-30% for reinvestment.  That leaves 112 BTC for distribution.

112 BTC/10,000,000 shares = 0.0000112 BTC/share

That number won't be accurate since they are solo mining.  That means their income will have around a 25 BTC granularity.  160 BTC/week also assumes absolutely average luck.

Jere

And when they pay dividends people will come on and say, "No!!! They didn't mine that BTC! They just went and bought it and are paying dividends. They're scamming you!"

They can actually prove they mined the blocks. Of course providing evidence of claims is not one of Labcoins strong points.
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September 09, 2013, 08:40:08 PM
 #6226

People are forgetting how competitive this space is, they don't want to give competitors any info. We have a company that doesn't like to talk. Maybe an advisory board could be set up like with actm
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September 09, 2013, 08:40:39 PM
 #6227

18 out of 20 trades on 'RECENT TRADES' (btct homepage) are for SELLS and only 2 for BUYS.  

The writing is on the wall;   SELL! SELL! SELL!

You mean: buy buy buy ?

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bobboooiie
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September 09, 2013, 08:42:33 PM
 #6228

Well not to spread more fud , but what the hell happened to bid order book ? There was 6k BTC this morning and now its on 1k oO
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September 09, 2013, 08:42:53 PM
 #6229

Anyone selling now is a brain dead idiot, or simply trying to cause a panic sell in order to get more cheap shares. This should be blatantly obvious, otherwise they would have sold their shares sooner.

The only reason the price dropped is because someone sold a lot of shares. Now the price has risen again and that person attempts at spreading FUD in order to buy more shares have failed. Just another person making an incredibly stupid decision.

Just wait for people in the US to find out and react. Tomorrow, the share price will be above 0.01.

Everyone should:

1) Bookmark this above post so you can see how wrong it proves to be in the coming days.
2) Remember that this guy has a very large position and will say anything to pump this stock - even when it is a scam as he doesn't care about LC, just his position.
3) Keep selling - you need to get out now before these big holders do because once they start to sell, price will drop like a stone.


I don't have a very large position at all. I have 6,789 shares which I plan on selling around November.

Guys, please do keep selling, people who aren't complete brain dead idiots would very much like to acquire more shares on the cheap. Keep it up till tomorrow if you can so I can also buy some more as well.

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September 09, 2013, 08:43:09 PM
 #6230

People are forgetting how competitive this space is, they don't want to give competitors any info. We have a company that doesn't like to talk. Maybe an advisory board could be set up like with actm

Just WOW.

So evidence of hashing equipment is a commercial secret?

Any
company would JUMP at the chance to prove this - if were it true.
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September 09, 2013, 08:43:34 PM
 #6231


We think we gave enough evidence that our company and achievements are real to avoid being labeled as a "scam".

Actually all we have is words and a more or less generic chip picture. Your text posts =/= evidence, I am still invested, but I do have you as a mid-chance of a scam. A pic or something of that nature would be much appreciated.

There is 5Million USD tied up in these shares. And you lot trust that sort of money to a pic of a chip and a handful or words?

Mass insanity. If you can afford to lose your money that's fine. Just be careful/sell if you can't.

They've already said,  there will be pic in a few days because they need to contact Labcoin team members who are spread out all over the world and they all need to be consulted before they can release a single image to allay investors fears.

Read my previous sentance again and think about what that message from Labcoin means.  This is what THEY posted tonight by way of delaying you guys further.  Out and out scam.  Only explanation.

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September 09, 2013, 08:44:03 PM
 #6232

LOL... you guys are a joke... if this is a scam, these are the worst scammers EVER. They should have run the day after the IPO instead of answering your questions here in the forum.... it's like a bankrobber that has $10 Million in his bag and decides to stay to chat with the bank employees and see if he can steal their watches too...

^^ lmfao
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September 09, 2013, 08:44:14 PM
 #6233

18 out of 20 trades on 'RECENT TRADES' (btct homepage) are for SELLS and only 2 for BUYS.  

The writing is on the wall;   SELL! SELL! SELL!


What do you think it happens when a share is sold? Somebody else just bought it...CHEAP!


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September 09, 2013, 08:44:36 PM
 #6234

Out and out scam.  Only explanation.

Man, you are going to look like a right twat if you're wrong.  Undecided
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September 09, 2013, 08:45:50 PM
 #6235

18 out of 20 trades on 'RECENT TRADES' (btct homepage) are for SELLS and only 2 for BUYS.  

The writing is on the wall;   SELL! SELL! SELL!

You mean: buy buy buy ?


Already said.  I'm all in ActM and don't have any buying power.  But you can think what you like, I won't begrudge you that.

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September 09, 2013, 08:46:07 PM
 #6236

18 out of 20 trades on 'RECENT TRADES' (btct homepage) are for SELLS and only 2 for BUYS.  

The writing is on the wall;   SELL! SELL! SELL!

You mean: buy buy buy ?


Already said.  I'm all in ActM and don't have any buying power.  But you can think what you like, I won't begrudge you that.

You are a scam.

Good things come to those who wait.
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September 09, 2013, 08:46:15 PM
 #6237

I feel just bad for the Labcoin-Crew.

They are doing hard work and all they get here as feedback is FUD and accusations.

I hope they see, that some are in this because they believe in the work they are doing
and appreciate it.

Donatioins always welcome Wink
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September 09, 2013, 08:46:26 PM
 #6238

Out and out scam.  Only explanation.

Man, you are going to look like a right twat if you're wrong.  Undecided

What do you mean if, he is wrong we are a day before the news was due, it was a rushed update..
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September 09, 2013, 08:47:19 PM
 #6239

Out and out scam.  Only explanation.

Man, you are going to look like a right twat if you're wrong.  Undecided

What do you mean if, he is wrong we are a day before the news was due, it was a rushed update..

Its Sept 10 in china.
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September 09, 2013, 08:47:30 PM
 #6240

Out and out scam.  Only explanation.

Man, you are going to look like a right twat if you're wrong.  Undecided

What do you mean if, he is wrong we are a day before the news was due, it was a rushed update..
Yes, it is early. They will post pictures of their hashing farm tomorrow or later tonight.
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