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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1079977 times)
AngelSky
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September 08, 2013, 02:44:47 PM
 #5721

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

Hope they will post with the update.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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AngelSky
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September 08, 2013, 02:46:58 PM
 #5722

there are many like you waiting for the proof so once it starts hashing expect share prices to double, if going long then paying a premium is not an issue i guess... on the other hand if i had that 70btc now i'd go all in and make at least 10btc in profit once sam brings out some news... enter @0.0033 and exit at 0.004 how difficult can this be?  Grin

You guys are so optimistic Grin 0.004-0.005 would be good enough and sounds reasonable
0.01 right now is optimistic, yeah. But I can easily see the price double, going to ~0.007.
I'll put in another 70 BTC myself on the first actual convincing proof that they are mining with their hardware.

.5% of the network. Plus it will be proved as not a scam. Add in people wanting ASIC miner type growth, I can see it being hit. Currently the price is suppressed as part of the community still sees this as a scam

Exactly.

I also have >70 BTC to invest after the news as I already have a strong enough position now. I think people (like me) don't want to go too fast all-in :p
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September 08, 2013, 02:47:58 PM
 #5723

guess I will buy more I have less than 10000 shares

Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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September 08, 2013, 02:49:48 PM
 #5724

awesome.. hope this works out for all of us.. i'm long LC but would like to increase my shares by trading along the way... Grin

there are many like you waiting for the proof so once it starts hashing expect share prices to double, if going long then paying a premium is not an issue i guess... on the other hand if i had that 70btc now i'd go all in and make at least 10btc in profit once sam brings out some news... enter @0.0033 and exit at 0.004 how difficult can this be?  Grin

You guys are so optimistic Grin 0.004-0.005 would be good enough and sounds reasonable
0.01 right now is optimistic, yeah. But I can easily see the price double, going to ~0.007.
I'll put in another 70 BTC myself on the first actual convincing proof that they are mining with their hardware.

.5% of the network. Plus it will be proved as not a scam. Add in people wanting ASIC miner type growth, I can see it being hit. Currently the price is suppressed as part of the community still sees this as a scam

Exactly.

I also have >70 BTC to invest after the news as I already have a strong enough position now. I think people (like me) don't want to go too fast all-in :p
Vigil
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September 08, 2013, 02:53:15 PM
 #5725

Waiting for a drop to buy in again. Watch there not be one... just my luck.
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September 08, 2013, 03:17:12 PM
 #5726

Waiting for a drop to buy in again. Watch there not be one... just my luck.

So buy a call option. Then you needn't count on luck.

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September 08, 2013, 03:28:51 PM
 #5727

if we make it through that sell wall at .0037 today, I think we will see a significant rally.  Maybe even to .0039.

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September 08, 2013, 03:28:57 PM
 #5728

Waiting for a drop to buy in again. Watch there not be one... just my luck.

So buy a call option. Then you needn't count on luck.

In the land of overpriced assets the labcoin call is king.

"Markets can remain irrational longer than you can remain solvent." -Keynes
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September 08, 2013, 03:30:52 PM
 #5729

We might push 4 tonight..

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.FORTUNEJACK   JOIN INVINCIBLE JACKMATE AND WIN......10 BTC........
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..
velacreations
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September 08, 2013, 03:44:51 PM
 #5730

whoa, that sell wall just got a big bite.

.004, here we come!

Vigil
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September 08, 2013, 03:45:42 PM
 #5731

Waiting for a drop to buy in again. Watch there not be one... just my luck.

So buy a call option. Then you needn't count on luck.
I've never set a call option. How does it work?
Bitcycle
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September 08, 2013, 03:47:32 PM
 #5732


LOL at the poorly timed dump.


Yeah, people are buying.  Whatever you do, don't set an ask.  Dump for lower prices!

You clowns.
velacreations
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September 08, 2013, 03:49:25 PM
 #5733


LOL at the poorly timed dump.


Yeah, people are buying.  Whatever you do, don't set an ask.  Dump for lower prices!

You clowns.

yeah, that was weird.  I think it's someone trying to push prices lower or someone is just crazy.

Either way, they just sold shares at .00338 when people are paying .0037

Bitcycle
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September 08, 2013, 03:53:56 PM
 #5734


LOL at the poorly timed dump.


Yeah, people are buying.  Whatever you do, don't set an ask.  Dump for lower prices!

You clowns.

yeah, that was weird.  I think it's someone trying to push prices lower or someone is just crazy.

Either way, they just sold shares at .00338 when people are paying .0037

Buys have already come in for more shares than they dumped.  What a stupid move they made.
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September 08, 2013, 03:55:12 PM
 #5735

Either way, they just sold shares at .00338 when people are paying .0037

You do realize that the seller pushed the price from .0037 to .0033882, huh? Wink

Bitcycle
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September 08, 2013, 03:56:43 PM
 #5736

Either way, they just sold shares at .00338 when people are paying .0037

You do realize that the seller pushed the price from .0037 to .0033882, huh? Wink

Only they didn't,  the buys continued after at .00037 and the bids instantly went back up over 0.0034 too.

So even if that was their goal they failed.

It was awful, awful timing.
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September 08, 2013, 03:57:11 PM
 #5737

Someone might of wanted the coin..

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██████████▀▄███████████████
██████████████████████████
.
.FORTUNEJACK   JOIN INVINCIBLE JACKMATE AND WIN......10 BTC........
█████████████████████████
█████████████████████████
██████▀▀▀       ▀▀▀██████
█████  ▄▄▄█████▄▄▄  █████
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Vigil
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September 08, 2013, 03:58:43 PM
 #5738

Almost hit my bid. Almost.
velacreations
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September 08, 2013, 04:01:43 PM
 #5739

You do realize that the seller pushed the price from .0037 to .0033882, huh? Wink

um, no he didn't.  Right after he sold, look at these sell orders that were filled:


That's ~9K shares that were bought above .00369 right after he sold shares at .003382

He was TRYING to push the price that low, but failed.


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September 08, 2013, 04:56:09 PM
 #5740

Someone trying to push the price low? Damn Labcoin is going to post some news soon!
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