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

[Mabsark]

Comparing LC in 2 weeks time to AM when it fist started mining is simply idiotic. AM will be the already established competitor, making it perfectly valid to use it's current state as a basis for comparisons at the time LC start mining within the next 10 days.

so, you think the market will judge an established company with a 12 month track record equally as one that starts hashing next week?  Ridiculous.

The risk is completely different on each security, and that's why when AM started hashing we saw APRs of over 70% for quite a while.  Gradually, as AM proved themselves, that APR went down (share price increased).  Expecting LC to jump immediately to be on par with AM ignores the significant risk LC carries.

There is no reason to assume that investors will be comfortable with APRs for LC as they are currently for AM.  LC is going to have to prove itself over time, and hashing at 4 TH/s is not proof that they are a stable investment worthy of a 30% APR share price.

I don't expect LC to jump immediately to be on par with AM. That comparison is basically a best case scenario for LC. However, once that comparison is made, it is straight forward to calculate income when LC is x% as profitable as AM.

I also don't see LC being any more risky than AM and I'm investing to make a profit, so I'm going to put my money where the opportunity to make profit is the greatest. A lot of other people will be doing the same because it's simply the most logical thing to do.

[1714819257]

1714819257

[velacreations]

I don't expect LC to jump immediately to be on par with AM.

Oh, I'm sorry, I thought you said this:

If you think LC won't be above 0.01 BTC when hashing starts you're ignoring the maths, making you delusional.

[Mabsark]

I don't expect LC to jump immediately to be on par with AM.

Oh, I'm sorry, I thought you said this:

If you think LC won't be above 0.01 BTC when hashing starts you're ignoring the maths, making you delusional.

That doesn't make LC on par with AM. 

[physalis]

WTF? Please stop making a fool of yourself and go learn some portfolio theory. There is beta associated with all securities, and proper diversification reduces your net beta without impacting alpha.

The risk level associated with a security may change with the price level, and therefore it may make a great deal of sense to eliminate (or add) fractions of your position.

Not to mention there may be marginal utility for your equity. You may be unwilling to lose the second BTC of the current 2 BTC investment a lot more than the first,  and therefore liquidate 1 BTC.

First of all, you're entirely missing my point. Second, I don't believe in "portfolio theory". It makes assumptions that are far from fact, and is ultimately only trying to fiddle around in a null-sum game. Same thing with dollar cost averaging, another great investment theory... I don't need to study this stuff in detail to intuitively know that it can't hold up.
Just like I know that someone is not going to trick the law of conservation of energy by trying to fly by holding a magnet over his head while wearing a metal helmet.
I have little intentions to further discuss this with you, since you obviously can't even respond to someone else's opinion without calling them a fool. Go believe what you want.

[steveioio]

wow, major sell off, 50K shares.

This stock has been unable to penetrate .004 for a full 2weeks. And there have been quite a few real tries. Serious investors are now getting out, they know the only way is down - again.

[velacreations]

wow, major sell off, 50K shares.

This stock has been unable to penetrate .004 for a full 2weeks. And there have been quite a few real tries. Serious investors are now getting out, they know the only way is down - again.

I think they are likely cashing out to seek short term opportunities elsewhere. 

[steveioio]

I think they are likely cashing out to seek short term opportunities elsewhere. 

Cashing out is the key term yes. The smart money will take this back down to 0.002. There is no point in hanging onto this right now so may as well take your money while you have the stock sitting right at the top of it's range here.

[limbaugh]

I think they are likely cashing out to seek short term opportunities elsewhere. 

Cashing out is the key term yes. The smart money will take this back down to 0.002. There is no point in hanging onto this right now so may as well take your money while you have the stock sitting right at the top of it's range here.

Unless they start hashing, then you will be screwed.

[steveioio]

Unless they start hashing, then you will be screwed.

lol yes, that will be along just exactly when they say it will - just like all the other dreamers in the btc world.

How many come in on schedule? You really think this is going to happen? l

[Mabsark]

I think they are likely cashing out to seek short term opportunities elsewhere. 

Cashing out is the key term yes. The smart money will take this back down to 0.002. There is no point in hanging onto this right now so may as well take your money while you have the stock sitting right at the top of it's range here.

Nice try but it ain't happening. With 4 Th/s coming online within the next 10 days, the price is only going to go up and will pass 0.01 BTC. People cashing out now are being incredibly foolish as if they wait 10 day, they make 2-3x times as much profit. Remember how quickly ActM went from 0.0025 BTC to 0.009 BTC? LC could just as quickly shoot up above 0.01 BTC, making day trading incredibly risky at this point.

Selling at this moment for the current price is just silly.

[Bitcycle]

I think they are likely cashing out to seek short term opportunities elsewhere. 

Cashing out is the key term yes. The smart money will take this back down to 0.002. There is no point in hanging onto this right now so may as well take your money while you have the stock sitting right at the top of it's range here.

2/10  Lame attempt, boring.

[steveioio]

I think they are likely cashing out to seek short term opportunities elsewhere.  

Cashing out is the key term yes. The smart money will take this back down to 0.002. There is no point in hanging onto this right now so may as well take your money while you have the stock sitting right at the top of it's range here.

Nice try but it ain't happening. With 4 Th/s coming online within the next 10 days, the price is only going to go up and will pass 0.01 BTC. People cashing out now are being incredibly foolish as if they wait 10 day, they make 2-3x times as much profit. Remember how quickly ActM went from 0.0025 BTC to 0.009 BTC? LC could just as quickly shoot up above 0.01 BTC, making day trading incredibly risky at this point.

Selling at this moment for the current price is just silly.

Keep dreaming kid. You really haven't got a clue. If there was a 10day turn around on 3x profit you think there would be serious 50k sells going on? You think price would be stagnating below a 2 week old resistance? ha ha ha you are then one having a nice try! You really think you just have to spout enough crap and the masses will follow you? That's not how real money operates. Get ready for a big fall! ha ha

[limbaugh]

lol yes, that will be along just exactly when they say it will - just like all the other dreamers in the btc world.

How many come in on schedule? You really think this is going to happen?

I have said from the start it is highly unlikely LC or ActM will succeed, hence the upside potential. Maybe LC has the team to pull it off and if they do you are going to want to have a little in the pot.

[steveioio]

2/10  Lame attempt, boring.

That's right, ignore what's going on on the Labcoin chart - it's not real after all is it?!
Care to dispute the facts of the Labcoin chart? Is it false? You saying it doesn't reflect reality? NO-ONE is buying this crap now. And the only way is down my friend. lol

I know, don't look at the chart - it will go away (along with your money).

[limbaugh]

I know, don't look at the chart - it will go away (along with your money).

Again, unless they start hashing on time. At that point you throw the chart out the window. Of course if they don't it will be an epic sell off. Should be an exciting upcoming week.

[Mabsark]

2/10  Lame attempt, boring.

That's right, ignore what's going on on the Labcoin chart - it's not real after all is it?!
Care to dispute the facts of the Labcoin chart? Is it false? You saying it doesn't reflect reality? NO-ONE is buying this crap now. And the only way is down my friend. lol

I know, don't look at the chart - it will go away (along with your money).

The chart shows the price climbing gradually. If people want to sell their shares a this price it makes no difference to me. I'd snap them up if I had anything left to do so. They'll be sorry 2 weeks from now when LC has a minimum of 0.5% of the network and shares are worth at least 0.01 BTC.

Anyone who sells out before then is making a terrible decision.

[limbaugh]

The chart shows the price climbing gradually. If people want to sell their shares a this price it makes no difference to me. I'd snap them up if I had anything left to do so. They'll be sorry 2 weeks from now when LC has a minimum of 0.5% of the network and shares are worth at least 0.01 BTC.

Anyone who sells out before then is making a terrible decision.

If they do manage to pull it off, and if you don't already have a position, it will be difficult to get back in at a reasonable price.

[steveioio]

The chart shows the price climbing gradually.

OMG - look again chump.

lol you can't even read a basic chart (you clearly have no idea whatsoever) so why do you expect the masses to follow your BUY NOW advice?

WHY should anyone believe your BS? Do you have an expert opinion or are you just adding 2+2 and getting to 5?
I wouldn't put my money on your opinion that's for sure.

[steveioio]

If they do manage to pull it off, and if you don't already have a position, it will be difficult to get back in at a reasonable price.

lol you can say that about EVERY stock listed on the exchanges right now. So why are LC any different from the rest?? Why shouldn't people take their profits and dump this stock like all the others? Get out now before the big fall if you have any sense. Seriously.

[Bitcycle]

The chart shows the price climbing gradually.

OMG - look again chump.

lol you can't even read a basic chart (you clearly have no idea whatsoever) so why do you expect the masses to follow your BUY NOW advice?

WHY should anyone believe your BS? Do you have an expert opinion or are you just adding 2+2 and getting to 5?
I wouldn't put my money on your opinion that's for sure.

You're not getting any better at this.