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velacreations
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August 30, 2013, 10:09:59 PM |
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it's at .0034 right now. Someone's trying to prop up the price. That support is fake for sure.
Doesn't look like it needs it right now, check the recent history. Lots of buying (into walls) going on and not much selling (into walls). funny, cause that 20K wall went to .0033, and now the highest buy order is at 0.003331 EDIT: and someone just filled a bunch of the buy orders... |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Ytterbium
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August 30, 2013, 10:12:26 PM |
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Heh, Labcoin's market cap is twice that of ActiveMining's now. It's soon to pass it in share price as well.
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TsuyokuNaritai
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August 30, 2013, 10:35:24 PM |
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it's at .0034 right now. Someone's trying to prop up the price. That support is fake for sure.
Doesn't look like it needs it right now, check the recent history. Lots of buying (into walls) going on and not much selling (into walls). funny, cause that 20K wall went to .0033, and now the highest buy order is at 0.003331 EDIT: and someone just filled a bunch of the buy orders... Indeed, quite a sea-change after my post, lots of selling now. Labcoin is making me seasick. And as I was about to hit post, the 24K wall moves up to .0034. |
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AngelSky
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August 30, 2013, 10:37:39 PM |
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At this point, the best thing to do is to AFK.
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Bitcycle
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August 30, 2013, 10:54:03 PM |
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At this point, the best thing to do is to AFK.
Yep, set your orders, go do something else, and wait. |
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physalis
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August 30, 2013, 11:00:48 PM |
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Heh, Labcoin's market cap is twice that of ActiveMining's now. It's soon to pass it in share price as well.
Uhm, what? ActM has 25m shares, LC has 10m Not sure what you are calculating there. |
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Ytterbium
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August 30, 2013, 11:03:37 PM |
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Heh, Labcoin's market cap is twice that of ActiveMining's now. It's soon to pass it in share price as well.
Uhm, what? ActM has 25m shares, LC has 10m Not sure what you are calculating there. Market cap = share price * number of shares. And you don't need to calculate anything, it's listed right on the security page. 31k for Labcoin and 14k for ActiveMining. |
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TsuyokuNaritai
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August 30, 2013, 11:06:57 PM |
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Heh, Labcoin's market cap is twice that of ActiveMining's now. It's soon to pass it in share price as well.
Uhm, what? ActM has 25m shares, LC has 10m Not sure what you are calculating there. Market cap = share price * number of shares. And you don't need to calculate anything, it's listed right on the security page. 31k for Labcoin and 14k for ActiveMining. That's just for that exchange. They both have shares on other exchanges. |
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physalis
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August 30, 2013, 11:08:48 PM |
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Market cap = share price * number of shares.
Exactly. Now go make that calculation with 25m shares for ActM and 10m shares for LC.... And you don't need to calculate anything, it's listed right on the security page. 31k for Labcoin and 14k for ActiveMining.
ActM is listed on bitfunder too and has most of their shares there. What btct shows doesn't matter. ActM market cap: 0.00433 per share * 25m shares = 108250 LC market cap: 0.003499 per share * 10m shares = 34990 Conclusion (and I have pointed this out many times now): ActM is valued at 3x the value of LC, even though they have absolutely nothing to show for right now. It's ridiculous, the market is just being stupid. |
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physalis
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August 30, 2013, 11:11:30 PM |
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That's just for that exchange. They both have shares on other exchanges.
Afaik, LC doesn't. Only on btct. |
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Ytterbium
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August 30, 2013, 11:13:59 PM |
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ActM is listed on bitfunder too and has most of their shares there. What btct shows doesn't matter.
ActM market cap: 0.00433 per share * 25m shares = 108250
LC market cap: 0.003499 per share * 10m shares = 34990
Conclusion (and I have pointed this out many times now): ActM is valued at 3x the value of LC, even though they have absolutely nothing to show for right now. It's ridiculous, the market is just being stupid.
Ah, my mistake. Yeah, that's pretty stupid. At least we'll pass them in share price soon. |
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newguy05
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August 31, 2013, 02:27:41 AM |
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In a few years, it will be interesting to see estimates of how many people were swindled from their money and how much changed hands due to the manipulation of these "infantile" exchanges (meaning that they haven't reached maturity or stability yet).
it's risk/reward, noone is getting swindled. The risk being 2x counterparty: anonymous exchange + issuer, and 1x market: bitcoin/usd. The reward being on the off chance dividend actually gets paid and the exchange doesnt disappear in a few months, the return is well above market for the same risk compared to other products in the established markets. In term of standard fixed income ratings, it's probably triple c or non-investment grade/junk bond, maybe a little lower than that, but the reward is better than most junk bonds on the market and sure as hell a lot better than buying those asic vaporwares with a difficulty countdown clock against you. I wouldnt put a lot of money, but a little bit as part of the high risk/lottery pool isn't the worst idea. Bought around 1500 shares tonight, will probably get another 1500 after they start hashing/dividend if the price isnt too high by then. That's around $1500-$2000 - the max i am willing to throw into this. |
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Luckybit
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August 31, 2013, 05:01:18 AM |
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In a few years, it will be interesting to see estimates of how many people were swindled from their money and how much changed hands due to the manipulation of these "infantile" exchanges (meaning that they haven't reached maturity or stability yet).
it's risk/reward, noone is getting swindled. The risk being 2x counterparty: anonymous exchange + issuer, and 1x market: bitcoin/usd. The reward being on the off chance dividend actually gets paid and the exchange doesnt disappear in a few months, the return is well above market for the same risk compared to other products in the established markets. In term of standard fixed income ratings, it's probably triple c or non-investment grade/junk bond, maybe a little lower than that, but the reward is better than most junk bonds on the market and sure as hell a lot better than buying those asic vaporwares with a difficulty countdown clock against you. I wouldnt put a lot of money, but a little bit as part of the high risk/lottery pool isn't the worst idea. Bought around 1500 shares tonight, will probably get another 1500 after they start hashing/dividend if the price isnt too high by then. That's around $1500-$2000 - the max i am willing to throw into this. If the exchange goes offline couldn't the issuer move it to a decentralized exchange? Bitshares? Mastercoin? etc? |
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dhenson
Legendary
 Offline
Activity: 994
Merit: 1000
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August 31, 2013, 05:37:06 AM
Last edit: August 31, 2013, 05:50:49 AM by dhenson |
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Heh, Labcoin's market cap is twice that of ActiveMining's now. It's soon to pass it in share price as well.
Uhm, what? ActM has 25m shares, LC has 10m Not sure what you are calculating there. Market cap = share price * number of shares. And you don't need to calculate anything, it's listed right on the security page. 31k for Labcoin and 14k for ActiveMining. Those are only BTCT.CO totals. You have to add in the market cap of Actm on Bitfunder. edit... just now on btct.co, what a beautiful sight.  |
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zoinky
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August 31, 2013, 06:11:27 AM |
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Looks bullish to me, hows it work... umm... must be insider knowledge!
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alphaking
Member
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Activity: 98
Merit: 10
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August 31, 2013, 06:22:09 AM |
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Heh, Labcoin's market cap is twice that of ActiveMining's now. It's soon to pass it in share price as well.
Uhm, what? ActM has 25m shares, LC has 10m Not sure what you are calculating there. Market cap = share price * number of shares. And you don't need to calculate anything, it's listed right on the security page. 31k for Labcoin and 14k for ActiveMining. Those are only BTCT.CO totals. You have to add in the market cap of Actm on Bitfunder. edit... just now on btct.co, what a beautiful sight. calm down the vol is pretty small |
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alexius89
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August 31, 2013, 06:29:06 AM |
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still rising...we will see 0.004 in a couple of minutes
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yuansuyi
Member
Offline
Activity: 210
Merit: 10
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August 31, 2013, 06:32:21 AM |
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still rising...we will see 0.004 in a couple of minutes
I don't think we can reach 0.004 without more good news. |
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