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

[creativex]

Same risks as an investment in BTCGarden, but at a more favorable price. The chips may or may not work, they may or may not be deployed on time, etc...

I left with a nice profit. That'd not have happened had I invested in that other IPO. Still I'd likely not have sold my entire position if management would just keep us posted. Hopefully they're all too busy working on those chips to even have time to let us know what's going on...though I thought that's what swede was brought onboard to handle. It's rather disconcerting.

Cheers.

[kingcrimson]

Looks like most the BTCGarden money is going to Labcoin instead of ActM

[N_S]

Looks like most the BTCGarden money is going to Labcoin instead of ActM

Sure seems to be going that way. Not sure why though...

[dwdoc]

Investors want the big pop of early investment in Labcoin vs. johnny come lately returns at ASICminer where the big early gains have already occurred. If they had wanted a mature stock they would have invested in ASICminer instead of BTCgarden to start with.

[Luckybit]

Investors want the big pop of early investment in Labcoin vs. johnny come lately returns at ASICminer where the big early gains have already occurred. If they had wanted a mature stock they would have invested in ASICminer instead of BTCgarden to start with.

What makes you think people can afford ASICminer?

ASICminer is almost 4BTC a share so at this point share price can't go up much more.
The whole point is to get in early while shares are cheap. People who want to sell their entire positions give us cheaper shares.

[matuszed]

Investors want the big pop of early investment in Labcoin vs. johnny come lately returns at ASICminer where the big early gains have already occurred. If they had wanted a mature stock they would have invested in ASICminer instead of BTCgarden to start with.

What makes you think people can afford ASICminer?

ASICminer is almost 4BTC a share so at this point share price can't go up much more.
The whole point is to get in early while shares are cheap. People who want to sell their entire positions give us cheaper shares.

4 BTC isn't that much money.  Most people that should be investing can swing that, if you can't you should really rethink what you're doing.

[limbaugh]

Investors want the big pop of early investment in Labcoin vs. johnny come lately returns at ASICminer where the big early gains have already occurred. If they had wanted a mature stock they would have invested in ASICminer instead of BTCgarden to start with.

What makes you think people can afford ASICminer?

ASICminer is almost 4BTC a share so at this point share price can't go up much more.
The whole point is to get in early while shares are cheap. People who want to sell their entire positions give us cheaper shares.

4 BTC isn't that much money.  Most people that should be investing can swing that, if you can't you should really rethink what you're doing.

So I just should take my 2 BTC and go home?

[dhenson]

4 BTC isn't that much money.  Most people that should be investing can swing that, if you can't you should really rethink what you're doing.

I really hate this mentality.

[damiano]

Investors want the big pop of early investment in Labcoin vs. johnny come lately returns at ASICminer where the big early gains have already occurred. If they had wanted a mature stock they would have invested in ASICminer instead of BTCgarden to start with.

What makes you think people can afford ASICminer?

ASICminer is almost 4BTC a share so at this point share price can't go up much more.
The whole point is to get in early while shares are cheap. People who want to sell their entire positions give us cheaper shares.

4 BTC isn't that much money.  Most people that should be investing can swing that, if you can't you should really rethink what you're doing.

A lot of people new to investing start small

Anyone new to bitcoin should start small

[iCEBREAKER]

The silence is deafening here. I'm out until there's some solid info from management.

I don't understand why you would put BTC into LAGCOIN (which is GARDEN 2.0) in the first place.

I've never touched it.   

Lol @ all the head-burying ostriches on here, so proud of their brave messanger shooting.

If 'no news is good news' then LAGCOIN is doing very well!   

For those wishing to see an example of stellar communication and nearly instant, IRC-like response times, check out the ice.drill team's great work.   

[Luckybit]

Investors want the big pop of early investment in Labcoin vs. johnny come lately returns at ASICminer where the big early gains have already occurred. If they had wanted a mature stock they would have invested in ASICminer instead of BTCgarden to start with.

What makes you think people can afford ASICminer?

ASICminer is almost 4BTC a share so at this point share price can't go up much more.
The whole point is to get in early while shares are cheap. People who want to sell their entire positions give us cheaper shares.

4 BTC isn't that much money.  Most people that should be investing can swing that, if you can't you should really rethink what you're doing.

That's because you're rich. 4 BTC is a lot of money for one share, thats $400 a share and I'm being conservative.

[creativex]

The silence is deafening here. I'm out until there's some solid info from management.

I don't understand why you would put BTC into LAGCOIN (which is GARDEN 2.0) in the first place.

I bought into this IPO because I thought it was attractively priced and had a good risk/reward profile(I did not feel the same about BTCGarden), but you cannot properly assess risk/reward without accurate and timely information and all I hear from management is crickets.

[E.Sam]

[iCEBREAKER]

[dexX7]

4 BTC isn't that much money.  Most people that should be investing can swing that, if you can't you should really rethink what you're doing.

Be careful what you wish for. Plankton is, what whales and sharks eat, isn't it?

Anyway. In my opinion one of the beauties of the whole virtual crypto exchange thing is the low entry gap. If someone wants to participate in trading, it's possible within minutes, if he or she has a few coins.

[Ytterbium]

lol, nicely played amigo!  

If only LAGCOIN's steampunk "technology" were as laudable as your sense of humor...  

It's possible that HF's chips will cost less to HF then Labcoin's chips will cost to labcoin.  But that doesn't mean that HF's customers will be better off then Labcoin's investors.

Think about it dude: IceDrill is paying $14/GH.  Labcoin will be paying about $2/gh if everything goes according to plan.

That means, Labcoin's investors will have a much better chance of making a profit then IceDrill's.

It doesn't matter how efficient the chips are at this point, and it won't matter how efficient they are until electricity is the major cost factor, and chips go for like 10 cents per chip.

[physalis]

^
+1

Access to chips at production cost means winning. Every project buying retail can only lose in the long run.

[Ytterbium]

Like pretty much every other bitcoin stock, if these guys could communicate worth a damn, the stock would be worth twice as much.

In the real world, there are tons of restrictions on what higher ups are even allowed to say, especially when it comes to numbers and things like that, to prevent stock manipulation.

Basically what you're saying is that you want the directors to come on here and try to manipulate the share price higher.

Just fucking calm down and be patient.  If their chips work, they work.  If you're not comfortable waiting that long while holding the stock, then sell.

There job is getting the chips and getting them online and hashing, not trying to manage share price on a minute by minute basis.

[Luckybit]

lol, nicely played amigo!  

If only LAGCOIN's steampunk "technology" were as laudable as your sense of humor...  

It's possible that HF's chips will cost less to HF then Labcoin's chips will cost to labcoin.  But that doesn't mean that HF's customers will be better off then Labcoin's investors.

Think about it dude: IceDrill is paying $14/GH.  Labcoin will be paying about $2/gh if everything goes according to plan.

That means, Labcoin's investors will have a much better chance of making a profit then IceDrill's.

It doesn't matter how efficient the chips are at this point, and it won't matter how efficient they are until electricity is the major cost factor, and chips go for like 10 cents per chip.

This is one of the wisest posts I've read on the subject. You must either be heavily invested in Labcoin or you've studied really hard on this topic.

[damiano]

Like pretty much every other bitcoin stock, if these guys could communicate worth a damn, the stock would be worth twice as much.

In the real world, there are tons of restrictions on what higher ups are even allowed to say, especially when it comes to numbers and things like that, to prevent stock manipulation.

Basically what you're saying is that you want the directors to come on here and try to manipulate the share price higher.

Just fucking calm down and be patient.  If their chips work, they work.  If you're not comfortable waiting that long while holding the stock, then sell.

There job is getting the chips and getting them online and hashing, not trying to manage share price on a minute by minute basis.

Very well put