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

[drawingthesun]

These updates at dips are SUPER suspicious. Does anyone even know who labcoin is and how? Is it the swede under a new name? Is it a troll?

CNN and Bloomberg want interviews? 200-300 TH/s now? Is this real life?

Also about the comment about saying if they were fraudsters they'd be announcing delays. They would be doing the exact opposite so they can unload shares. They would announce the best possible scenario, which is essentially what they did.

Time to sell!

[N_S]

These updates at dips are SUPER suspicious. Does anyone even know who labcoin is and how? Is it the swede under a new name? Is it a troll?

CNN and Bloomberg want interviews? 200-300 TH/s now? Is this real life?

Also about the comment about saying if they were fraudsters they'd be announcing delays. They would be doing the exact opposite so they can unload shares. They would announce the best possible scenario, which is essentially what they did.

This is a textbook FUD post.

"Who is this guy anyway? How do we know he's not booking his ticket to the Caymans?"

[TMAN]

We had good news, the FUDSTERS will keep picking it apart, the believers will buy more shares. just another day in Bitcoin stocks.

[N_S]

Can any person who's selling shares please give some insight into their thought process?

[wickedgoodtrader]

This is a textbook FUD post.

"Who is this guy anyway? How do we know he's not booking his ticket to the Caymans?"
[/quote]

Or you could have just answered the question.

[ronaldlee0917]

These updates at dips are SUPER suspicious. Does anyone even know who labcoin is and how? Is it the swede under a new name? Is it a troll?

CNN and Bloomberg want interviews? 200-300 TH/s now? Is this real life?

Also about the comment about saying if they were fraudsters they'd be announcing delays. They would be doing the exact opposite so they can unload shares. They would announce the best possible scenario, which is essentially what they did.

Just as how the penny stocks in RL operate.

[TMAN]

can we keep it on track, we had great news. plans have changed for the better & hashing will go ahead as planned when planned.

sounds like a winner to me.

[N_S]

can we keep it on track, we had great news. plans have changed for the better & hashing will go ahead as planned when planned.

sounds like a winner to me.

Right, which is why I'm trying to wrap my head around why someone is selling shares at the moment.

[velacreations]

Can any person who's selling shares please give some insight into their thought process?

sell high, buy low.

I didn't sell today, but I bought around .003.  I was surprised to see that order filled, I put it there the other day.

I think we'll see a few more shakeups like this before the hashing date.  The crowd around here is really easy to scare.

[San1ty]

can we keep it on track, we had great news. plans have changed for the better & hashing will go ahead as planned when planned.

sounds like a winner to me.

Right, which is why I'm trying to wrap my head around why someone is selling shares at the moment.

Because, as I said a million times before: Mining doesn't start any time soon (multiple days), why get in now when you can wait a little longer and get your shares cheaper.

[stereotype]

"We want to mention that we have received interview requests from several well know parties, CNN and Bloomberg being the most prominent  and late progress with our 65nm design lead us to believe we will deploy 200-300 TH within 2013."

The press contact stands out as something big, if true and carried-out/broadcast. Im interpreting the (early?) deployment, as a confident positive change of status/progress.

Seems genuine, but needs some meaningful evidence.  

[N_S]

Mining doesn't start any time soon (multiple days)

Hahah, only in bitcoin world does 6 days in the future translate to "no time soon"

I can understand waiting to buy, but I can't understand selling with the thought that the price will drop. Sure, it might, but man what a gamble...

[jeffhuys]

105 shares. Not much (for you guys), but we'll see where we go!

[zoinky]

Deployment is proceeding according to plans and pictures of the devices will be revealed later. Hashing will start on the promised date.

Just to be clear, when is this 'promised date'?

10.09.2013

09.10.2013 for the Americans, we know how confused people get with timezones and what not  

[Bitcycle]

These updates at dips are SUPER suspicious. Does anyone even know who labcoin is and how? Is it the swede under a new name? Is it a troll?

CNN and Bloomberg want interviews? 200-300 TH/s now? Is this real life?

Also about the comment about saying if they were fraudsters they'd be announcing delays. They would be doing the exact opposite so they can unload shares. They would announce the best possible scenario, which is essentially what they did.

Just as how the penny stocks in RL operate.

I'll spell it out step by step.

If they were fraudsters, they're now at the point where they have to start moving deadlines.  They're scheduled to be hashing next week.  If they aren't, then the price is going to plummet.  A fraudster, who would of course know they weren't going to ever hit any deadline ever, would push the deadline out in small increments, keeping people's faith as long as possible, while they kept selling off.

Sticking to a deadline a fraud can't hit gives the scam a hard ending deadline.  Stretching the deadline allows the scam to go on longer.

It's really quite simple if you take two seconds to think instead of reflexively type.

The fact that we aren't seeing any attempt at all to stretch a deadline is a strong indication they plan to actually hit it.  It's the wrong move for a fraud to keep it solid.  

The end.

[Ytterbium]

These updates at dips are SUPER suspicious. Does anyone even know who labcoin is and how? Is it the swede under a new name? Is it a troll?

CNN and Bloomberg want interviews? 200-300 TH/s now? Is this real life?

Also about the comment about saying if they were fraudsters they'd be announcing delays. They would be doing the exact opposite so they can unload shares. They would announce the best possible scenario, which is essentially what they did.

Labcoin has already been mentioned in Bloomberg.

[TMAN]

10K bid wall @ 0.003499  - someone believes,

[ThickAsThieves]

These updates at dips are SUPER suspicious. Does anyone even know who labcoin is and how? Is it the swede under a new name? Is it a troll?

CNN and Bloomberg want interviews? 200-300 TH/s now? Is this real life?

Also about the comment about saying if they were fraudsters they'd be announcing delays. They would be doing the exact opposite so they can unload shares. They would announce the best possible scenario, which is essentially what they did.

Just as how the penny stocks in RL operate.

I'll spell it out step by step.

If they were fraudsters, they're now at the point where they have to start moving deadlines.  They're scheduled to be hashing next week.  If they aren't, then the price is going to plummet.  A fraudster, who would of course know they weren't going to ever hit any deadline ever, would push the deadline out in small increments, keeping people's faith as long as possible, while they kept selling off.

Sticking to a deadline a fraud can't hit gives the scam a hard ending deadline.  Stretching the deadline allows the scam to go on longer.

It's really quite simple if you take two seconds to think instead of reflexively type.

The fact that we aren't seeing any attempt at all to stretch a deadline is a strong indication they plan to actually hit it.  It's the wrong move for a fraud to keep it solid.  

The end.

There are ways of "simulating" hashing.

[wickedgoodtrader]

These updates at dips are SUPER suspicious. Does anyone even know who labcoin is and how? Is it the swede under a new name? Is it a troll?

CNN and Bloomberg want interviews? 200-300 TH/s now? Is this real life?

Also about the comment about saying if they were fraudsters they'd be announcing delays. They would be doing the exact opposite so they can unload shares. They would announce the best possible scenario, which is essentially what they did.

Just as how the penny stocks in RL operate.

I'll spell it out step by step.

If they were fraudsters, they're now at the point where they have to start moving deadlines.  They're scheduled to be hashing next week.  If they aren't, then the price is going to plummet.  A fraudster, who would of course know they weren't going to ever hit any deadline ever, would push the deadline out in small increments, keeping people's faith as long as possible, while they kept selling off.

Sticking to a deadline a fraud can't hit gives the scam a hard ending deadline.  Stretching the deadline allows the scam to go on longer.

It's really quite simple if you take two seconds to think instead of reflexively type.

The fact that we aren't seeing any attempt at all to stretch a deadline is a strong indication they plan to actually hit it.  It's the wrong move for a fraud to keep it solid.  

The end.

Yes but if they delay now the price will plummet thus ending the scam right now. OR they could come out with great news and be able to sell shares high for another week. If it is a scam they would wait until the last minute to do the delay. If you think about that for 1 second you may see that's how they would make the most money.

[btccruz]

If you think it's a scam, don't invest and find some other post to troll. With risk comes reward.