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

[Bitcycle]

I'm sorry to but in this convo but I really need some help please..

I want to buy shares in something..

Whats 'Call Options'
CALL #3948       Expire?  5 d, 4 h, 2 m

Once again, sorry to bug you guys but please help   I don't know who else to ask..

Don't buy options if you don't know what you're doing.  You'll just be handing your money over to someone.

Seconded.  Options are tricky, you really do need to know what you're doing, and even then you might well lose out.

Just buy shares directly.

[1714039561]

1714039561

[1714039561]

1714039561

[AngelSky]

I'm sorry to but in this convo but I really need some help please..

I want to buy shares in something..

Whats 'Call Options'
CALL #3948       Expire?  5 d, 4 h, 2 m

Once again, sorry to bug you guys but please help   I don't know who else to ask..

Don't buy options if you don't know what you're doing.  You'll just be handing your money over to someone.

Seconded.  Options are tricky, you really do need to know what you're doing, and even then you might well lose out.

Just buy shares directly.

+1

[Pale Phoenix]

its also funny what some people consider "making money" when the order book hardly allows for anything I would consider being that, thanks for the 3x labcoin ill get back in when everyone panics in the coming weeks

This is perhaps the ONLY stock you can momentum trade and make real money (100's of btc). The volume over the past 7 days is over 11,000 btc, with most of that happening in the last few days.

[ajk]

and what would that require, oh wait only near perfect bottom and top calling, if you could do that good for you I made 200+ coins in total from diligently selling on rallies and then right around the time the news was set off

I highly doubt that many got to capitalize the way your referring I made my money and regardless of whether it goes up or down I could care less because I made mine,

[Ytterbium]

Not sure if anyone else posted this, but the address Ytterbium found has mined a new block:

http://blockchain.info/address/1NBDEAYH49tZvFMJ95oa4kYrqgecgnc16C

2 blocks are too few to indicate a trend, but the pace looks quite right for 2TH/s.

While I'd definitely feel pretty good about guessing right, I kinda hoped they'd pick a cool vanity address like "1LABCOIN01go8ang98....." or something.

That node might just be some random person with $40k worth of bitfury chips.

Good idea!!!

Thanks.  '1LABCOIN' might be hard to find, but they could probably get something like '1LabC0...." or something like that.

[huhai0978]

Not sure if anyone else posted this, but the address Ytterbium found has mined a new block:

http://blockchain.info/address/1NBDEAYH49tZvFMJ95oa4kYrqgecgnc16C

2 blocks are too few to indicate a trend, but the pace looks quite right for 2TH/s.

While I'd definitely feel pretty good about guessing right, I kinda hoped they'd pick a cool vanity address like "1LABCOIN01go8ang98....." or something.

That node might just be some random person with $40k worth of bitfury chips.

Good idea!!!

Thanks.  '1LABCOIN' might be hard to find, but they could probably get something like '1LabC0...." or something like that.

1LABCOIN address can be found in 10 min.

[Ytterbium]

Not sure if anyone else posted this, but the address Ytterbium found has mined a new block:

http://blockchain.info/address/1NBDEAYH49tZvFMJ95oa4kYrqgecgnc16C

2 blocks are too few to indicate a trend, but the pace looks quite right for 2TH/s.

While I'd definitely feel pretty good about guessing right, I kinda hoped they'd pick a cool vanity address like "1LABCOIN01go8ang98....." or something.

That node might just be some random person with $40k worth of bitfury chips.

Good idea!!!

Thanks.  '1LABCOIN' might be hard to find, but they could probably get something like '1LabC0...." or something like that.

1LABCOIN address can be found in 10 min.

Oh.  Well, that's convenient

[NineLives]

I'm sorry to but in this convo but I really need some help please..

I want to buy shares in something..

Whats 'Call Options'
CALL #3948       Expire?  5 d, 4 h, 2 m

Once again, sorry to bug you guys but please help  I don't know who else to ask..

Don't buy options if you don't know what you're doing.  You'll just be handing your money over to someone.

Options are contracts that give you the right to buy a share at a certain price by a certain time (the strike price), but, in order to do that you have to buy the contract (i.e. pay the premium)

You can make a ton of money doing so if you can predict the market, either up or down. For example, if you bought an option to buy the stock for 0.003 and paid a premium of 0.0002. You would only be out 0.0002, and you'd hold the option for a few days.   If the price never goes above 0.003 during that time period, you'd just lose all your money.

On the other hand, if the price were to go up to when the contract was up, 0.00304, you could buy a share at 0.0030, and then immediately sell them for 0.00304. You'd make 0.0002btc, but you'd still be out the original 0.0002 you paid for the contract, and you'd have a 50% loss.

On the other hand, let's say the price goes to 0.006.  You pay the premium, and you're out 0.0002.  But, you can now buy the shares for 0.003 and sell them at 0.006, for a 0.003 profit.  Minus the original 0.0002, that comes out to 0.0028 total profit. 1400% profit, compared to only a 50% rise in share price.

However, on btct.co the options are all way over priced, the "premium" price is much to high.  That means if you buy them you'll almost certainly just lose your money.

Thank you, good advice and demonstration..

[velacreations]

What's 9+7? What's the date today? What will the date be on Wednesday?

16
Today is September 16 in China
Weds will be Sep 18

Do weeks in China go from Monday to the Weds of the following week?

So, when you say Labcoin lied, what you actually mean is that they will be a couple of days late?

which lie are you referring to?  the one where they said last week or the one where they said this week or the one where they said in October or the one where they said they didn't want to post it or the one where they say two weeks or the one where they say next message?

More promises don't make the previous promises true.  

[TMAN]

Mining address will be posted publicly before Wednesday. This will allow transparent monitoring of the hashing rate and block generation.

Because some have missed the above

[VolanicEruptor]

Mining address will be posted publicly before Wednesday. This will allow transparent monitoring of the hashing rate and block generation.


Because some have missed the above

with some bold BBQ sauce on it

[Mabsark]

For those that lost out during the current FUD storm, I hope you learned something from the lesson.

[Bitcycle]

Tens of thousands of shares dumped under 0.0026. 

Wonder how high they'll have to buy back in at...


 

[TMAN]

Mining address will be posted publicly before Wednesday. This will allow transparent monitoring of the hashing rate and block generation.


Because some have missed the above

with some bold BBQ sauce on it

Thanks, I saw someone quoted earlier thinking the rise was from the address guessing going on earlier, not the announcement.

[moneymanagment]

Any one want to bet on how high the price goes come Monday afternoon.

[moneymanagment]

18 BTC till .003

[NineLives]

Any one want to bet on how high the price goes come Monday afternoon.

I frigin hope so, just bought some shares..  I like risks

[boyohi]

A recap of this week

[moneymanagment]

Any one want to bet on how high the price goes come Monday afternoon.

I frigin hope so, just bought some shares..  I like risks

Your going to see a double if not a triple followed by a taper of. It should hit .00365 minimum. All the fudidiots just got proven wrong with the recent news!

[Bitcycle]

18 BTC till .003

Oof.  Those guys who just sold at 0.0025 are gonna get bloody.