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

[velacreations]

Your not a member?

BTW if you watched, your prolly have them for that price right?

I have a few shares that I got at .0025, but I hesitated to put in too much with those big dips.  The risk, at this point, is too much for me right now.

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[oxideNL]

I've nothing to say, therefore i will tell total bullshit story.

Last night i had a romantic night with fabrizio tatti.
We made tender love and such,. After that he told me that it was one big scam
and that he was laughing at all of you!

Except me, because i was in his bed.


( This is how i feel reading back the last couple of pages.. it's like 4chan but than even worse )

[deltanine]

What's so hilarious to me, is that I've been saying that AM price would drop to 2.x due to competition for months now and Vela and his buds from the AM spec thread called me a troll, delusional and that the price would soon hit 10 BTC.

Vela's predictions are based on hopes and wishes.

No. I simply stated that Labcoin's 2nd gen ASIC will not be that long behind AM's. Do you not understand English?

AM's 2nd gen chips will be out later than KnC's 28nm ASICs. AM is therefore clearly doomed to failure!!!!!

AM is doomed by future competition?  And how is Labcoin immune to competition that already exists?

Who is hoping and wishing now?

That was sarcasm. And really, not even subtle.

Well he may be guilty of overstating his true feelings but its not quite sarcasm because Mabsark harped on competition for AM for weeks and weeks.  And as of yet he has no concern about the competition labcoin faces.

Labcoin isn't selling at 5 BTC per share!

But what does this have to do with the existing competition Labcoin faces?  If you are correct and AM price fell due to future competition, why are you not concerned about Labcoin's immediate competition?

[JohnyBigs]

Question is what will happen to these companies when icedrill releases 300th.

[AngelSky]

Question is what will happen to these companies when icedrill releases 300th.

hmm, let me say... LOL

[Pale Phoenix]

But what does this have to do with the existing competition Labcoin faces?  If you are correct and AM price fell due to future competition, why are you not concerned about Labcoin's immediate competition?

Why is this so hard to understand?

AM is the gold standard, and it would be foolish to underestimate it.

LC is a newbie, and it would be foolish to blindly believe in its success.

Still, if you are looking to triple or quadruple your investment, and you have a high tolerance for risk, you should invest (some might say gamble) in Labcoin. AM will not be tripling anytime soon.

Allocate funds according to your risk appetite, and remember that it isn't an either / or proposal. All the rest of the bullshit in this thread is just clutter, but admittedly, very profitable for traders with strong stomachs.

[velacreations]

Question is what will happen to these companies when icedrill releases 300th.

hahaha
thanks for that, I needed a laugh!

[deltanine]

But what does this have to do with the existing competition Labcoin faces?  If you are correct and AM price fell due to future competition, why are you not concerned about Labcoin's immediate competition?

Why is this so hard to understand?

AM is the gold standard, and it would be foolish to underestimate it.

LC is a newbie, and it would be foolish to blindly believe in its success.

Still, if you are looking to triple or quadruple your investment, and you have a high tolerance for risk, you should invest (some might say gamble) in Labcoin. AM will not be tripling anytime soon.

Allocate funds according to your risk appetite, and remember that it isn't an either / or proposal. All the rest of the bullshit in this thread is just clutter, but admittedly, very profitable for traders with strong stomachs.

i understand all of this and completely agree with you.  I was asking Mabsark why he was so concerned with competition for AM but mysteriously never mentions it when it comes to Labcoin.

[Keninishna]

you assholes convinced me to panic sell last night at 22 and now its up to 32  I'm just going to not mess with my shares untill late oct when things are suppose to be going on.

[AngelSky]

you assholes convinced me to panic sell last night at 22 and now its up to 32  I'm just going to not mess with my shares untill late oct when things are suppose to be going on.

What did you expect ?

[superduh]

you assholes convinced me to panic sell last night at 22 and now its up to 32  I'm just going to not mess with my shares untill late oct when things are suppose to be going on.

rule 1) don't listen to random strangers talking out of their ass on this forum or do so at your own risk

[Keninishna]

you assholes convinced me to panic sell last night at 22 and now its up to 32  I'm just going to not mess with my shares untill late oct when things are suppose to be going on.

What did you expect ?

I expected the price to go back down to 15, which I would then buy more shares. It did dip down to 18 but my bid was lower than that :/

[VolanicEruptor]

you assholes convinced me to panic sell last night at 22 and now its up to 32  I'm just going to not mess with my shares untill late oct when things are suppose to be going on.

I'm glad you lost out.  You panic selling your shares made my shares less valuable.  That should teach you for fucking with my shares bitch! lol

[radiumsoup]

Allocate funds according to your risk appetite, and remember that it isn't an either / or proposal.

SO VERY MUCH OF THIS.

I find it really sad that people believe that "this is a great investment" or "this is a horrible investment" is true for everyone else on Earth because it doesn't fit their own ideal. There are a number of highly respected posters on this board (and loathed ones, too) who are of the mindset that their opinion is the only one that matters... but it's logically unsound to project a subjective decision onto others.

Everyone has different goals and methods. What's good for you may not be for someone else, and vice versa. Keep this in mind when you guys talk in absolute terms.

[afrotec]

you assholes convinced me to panic sell last night at 22 and now its up to 32   I'm just going to not mess with my shares untill late oct when things are suppose to be going on.

Them weak hands boi, gotta love em  

If you haven't realized by now the amount of buffoonery taking place in this thread... well you should have another read of the last several ~200 pages full of poop

[deltanine]

Allocate funds according to your risk appetite, and remember that it isn't an either / or proposal.

SO VERY MUCH OF THIS.

I find it really sad that people believe that "this is a great investment" or "this is a horrible investment" is true for everyone else on Earth because it doesn't fit their own ideal. There are a number of highly respected posters on this board (and loathed ones, too) who are of the mindset that their opinion is the only one that matters... but it's logically unsound to project a subjective decision onto others.

Everyone has different goals and methods. What's good for you may not be for someone else, and vice versa. Keep this in mind when you guys talk in absolute terms.

Tell me about it.  You should have seen Mabsark on the AM thread for weeks with this kind of nonsense.  It was really annoying.  Especially since he doesn't apply the same competition metric to LC.  And since he doesn't I can only assume that he was disingenuous.

[aquarius]

it must be the day of project updates. ActM Ken just did a news update too.

[Mabsark]

What's so hilarious to me, is that I've been saying that AM price would drop to 2.x due to competition for months now and Vela and his buds from the AM spec thread called me a troll, delusional and that the price would soon hit 10 BTC.

Vela's predictions are based on hopes and wishes.

No. I simply stated that Labcoin's 2nd gen ASIC will not be that long behind AM's. Do you not understand English?

AM's 2nd gen chips will be out later than KnC's 28nm ASICs. AM is therefore clearly doomed to failure!!!!!

AM is doomed by future competition?  And how is Labcoin immune to competition that already exists?

Who is hoping and wishing now?

That was sarcasm. And really, not even subtle.

Well he may be guilty of overstating his true feelings but its not quite sarcasm because Mabsark harped on competition for AM for weeks and weeks.  And as of yet he has no concern about the competition labcoin faces.

Labcoin isn't selling at 5 BTC per share!

But what does this have to do with the existing competition Labcoin faces?  If you are correct and AM price fell due to future competition, why are you not concerned about Labcoin's immediate competition?

My complaint with AM was that its share price was too high due to it having a monopoly and that competition would bring it down to reasonable levels. How could that possibly apply to Labcoin? Labcoin's share price is extremely undervalued and competition will exist from day 1.

This isn't rocket science and should be incredibly simple to understand.

[Pale Phoenix]

Tell me about it.  You should have seen Mabsark on the AM thread for weeks with this kind of nonsense.  It was really annoying.  Especially since he doesn't apply the same competition metric to LC.  And since he doesn't I can only assume that he was disingenuous.

I can't speak for him, obviously, but I think his point was that competition was a real threat to AM's lofty valuation at the time. AM's margins were almost certain to fall, followed by its share price, when it was no longer the only game in town.

In the case of LC, the share price is relatively low, so competition is less of an issue right now. Even if LC captures a very small portion of the network, the shares have room to grow. The risk with LC now isn't competition, it is that it's a total failure... any other outcome should provide at least a small return, with the possibility for a 10x payday.

So, considered in the short term, I don't think his arguments are logically inconsistent. In the long term, it seems like one guess is as good as another.

Edit: that's what I get for refilling my coffee before saving my post. Mabsark has already answered above.

[deltanine]

What's so hilarious to me, is that I've been saying that AM price would drop to 2.x due to competition for months now and Vela and his buds from the AM spec thread called me a troll, delusional and that the price would soon hit 10 BTC.

Vela's predictions are based on hopes and wishes.

No. I simply stated that Labcoin's 2nd gen ASIC will not be that long behind AM's. Do you not understand English?

AM's 2nd gen chips will be out later than KnC's 28nm ASICs. AM is therefore clearly doomed to failure!!!!!

AM is doomed by future competition?  And how is Labcoin immune to competition that already exists?

Who is hoping and wishing now?

That was sarcasm. And really, not even subtle.

Well he may be guilty of overstating his true feelings but its not quite sarcasm because Mabsark harped on competition for AM for weeks and weeks.  And as of yet he has no concern about the competition labcoin faces.

Labcoin isn't selling at 5 BTC per share!

But what does this have to do with the existing competition Labcoin faces?  If you are correct and AM price fell due to future competition, why are you not concerned about Labcoin's immediate competition?

My complaint with AM was that it's share price was too high due to it having a monopoly and that competition would bring it down to reasonable levels. How could that possibly apply to Labcoin? Labcoin's share price is extremely undervalued and competition will exist from day 1.

This isn't rocket science and should be incredibly simple to understand.

Well, Labcoin doesn't yet have competition because it is not yet competing.  Once they step into the ring we'll see how they fair.

But if your opinion is that competition is already priced in, I can respect that.  I think LC will find that competition is quite a bit more ferocious than they(and you) assume.  And they will find out this after they discover how difficult it is to build an asic manufacturing company and a substantial hashing farm.