stereotype
Legendary
Offline
Activity: 1554
Merit: 1000
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September 20, 2013, 07:39:18 AM |
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Here we go! Don't be a bagholder! 22,000 share ask wall and 20,000 shares sold... someone must want cheap shares . 'cheap' shares, implies some sort of value. How much value does a wholly contrived succession of lies have, these days?
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FloatesMcgoates
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September 20, 2013, 07:39:55 AM |
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Trading is now frozen, so new sell orders cannot be placed. Seems I am one of the stupid people who actually trusted this company. Oh well, I risked what BTC I had, and lost.
Doesnt look frozen to me, although it should be.
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Vigil
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September 20, 2013, 07:40:03 AM |
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Trading is now frozen, so new sell orders cannot be placed. Seems I am one of the stupid people who actually trusted this company. Oh well, I risked what BTC I had, and lost.
What? Trading is frozen. So whatever shares we had are now gone?
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Bitcycle
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September 20, 2013, 07:40:21 AM |
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Trading is now frozen, so new sell orders cannot be placed. Seems I am one of the stupid people who actually trusted this company. Oh well, I risked what BTC I had, and lost.
I just sold a share, so...no. TRADING IS NOT FROZEN
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Vigil
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September 20, 2013, 07:42:11 AM |
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Damn, and I got in at what I though was low at the time - .0025.
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BitThink
Legendary
Offline
Activity: 882
Merit: 1000
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September 20, 2013, 07:43:51 AM |
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Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened.
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FloatesMcgoates
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September 20, 2013, 07:47:42 AM |
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Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened. Idk how people can believe anything labcoin says when they put out a definitive statement like this: and have it be completely untrue. It appears as though generation 1 has failed completely.
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Zakryze
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September 20, 2013, 07:52:47 AM |
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I do share your concerns, but im no daytrader and not stupid.. Probally unlikely of you, i already got my investment out and the shares i have are pure profit.
Ofcourse i do know and see what can be better; sure labcoin screws up.. But im not here for their management.. Im here for their chips on long term..
But if i sold everything and didnt care anymore i would not waste my time on labcoin, i would move on! Sure checking news out of curiosity but nothing more; like bullshit fud messages you do. Why?
i have the profit in hands. why i "fud" as you name it is because you basically do the same just in another direction. you try to make the bills pop up in other peoples eyes to get maximum profit out of your "profit shares" and dont care about the people you fool on your way. you tell them the future is gonna be great for labcoin allthough u dont know. Call me the white knight but my eyes have been opened about this and you are playing with my reputation in a way and use some sort of uncertain future predictions to maximize profits which i just cant stand. I think you just didnt reach your goal yet. you want to make free shares of other peoples back and this asset is just the right thing to do so. you want a riskfree investment by playing with other persons money here and now its up to you to tell me why i shouldnt be interested in an investment environment that doesnt look like the real stock market but is more like cooperative, transparent and not making up numbers that just dont exist yet. you are driven by materialistic goals only. i have ideals.
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stereotype
Legendary
Offline
Activity: 1554
Merit: 1000
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September 20, 2013, 08:01:30 AM |
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Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened. Idk how people can believe anything labcoin says when they put out a definitive statement like this: and have it be completely untrue. It appears as though generation 1 has failed completely. What kind of message does it send out, when blatant lies regarding on-going operations can be so easily communicated. This paves the way for companies who cant cut it, to deceive and defraud, with just a paragraph of made up shit. This issue needs to overshadow all future decisions of every security, or this really is the wild-west where anything goes.
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Vigil
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September 20, 2013, 08:01:52 AM |
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nice proactive reactive from burnside, reputation is worth more than fees in long term Also does a disservice to those currently with shares. Probably would have been better to have a private conversation with Labcoin than to post "Warning: Don't buy this asset."
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Ytterbium
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September 20, 2013, 08:03:15 AM |
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Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened. I dunno, it's a huge risk for sure - and for whoever wrote the put option, since it could happen. If they actually start mining. If so then the puts will be worthless. On the other hand, I definitely think if they don't start mining in the next 7 days we could easily see sub-ipo prices. ActM is already sub-ipo, supposedly.
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Vigil
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September 20, 2013, 08:04:22 AM |
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Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened. I dunno, it's a huge risk for sure - and for whoever wrote the put option, since it could happen. If they actually start mining. If so then the puts will be worthless. On the other hand, I definitely think if they don't start mining in the next 7 days we could easily see sub-ipo prices. ActM is already sub-ipo, supposedly. Didn't ActM IPO at .0005?
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demzie
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September 20, 2013, 08:05:18 AM |
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I do share your concerns, but im no daytrader and not stupid.. Probally unlikely of you, i already got my investment out and the shares i have are pure profit.
Ofcourse i do know and see what can be better; sure labcoin screws up.. But im not here for their management.. Im here for their chips on long term..
But if i sold everything and didnt care anymore i would not waste my time on labcoin, i would move on! Sure checking news out of curiosity but nothing more; like bullshit fud messages you do. Why?
i have the profit in hands. why i "fud" as you name it is because you basically do the same just in another direction. you try to make the bills pop up in other peoples eyes to get maximum profit out of your "profit shares" and dont care about the people you fool on your way. you tell them the future is gonna be great for labcoin allthough u dont know. Call me the white knight but my eyes have been opened about this and you are playing with my reputation in a way and use some sort of uncertain future predictions to maximize profits which i just cant stand. I think you just didnt reach your goal yet. you want to make free shares of other peoples back and this asset is just the right thing to do so. you want a riskfree investment by playing with other persons money here and now its up to you to tell me why i shouldnt be interested in an investment environment that doesnt look like the real stock market but is more like cooperative, transparent and not making up numbers that just dont exist yet. you are driven by materialistic goals only. i have ideals. Hahaha serious? 1. Or you are mistaken me with someone else; because we never had beef 2. Or you are mistaken me with someone else; because i never pro-active got discussions with fudsters 3. You hear voices in your head. Fucking moron
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elasticband
Legendary
Offline
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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September 20, 2013, 08:06:01 AM |
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tl;dr - what happened over night?
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Puppet
Legendary
Offline
Activity: 980
Merit: 1040
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September 20, 2013, 08:06:17 AM |
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IM pretty sure theswede will soon be hashing faster, but it wont be with his own chips, rather with these: https://bitcointalk.org/index.php?topic=226846.220(see his posts on that page) Who in their right mind would buy bitfury's if you can produce your own asics at <1/10th the cost? Thats like BFL buying avalons.
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FloatesMcgoates
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September 20, 2013, 08:07:14 AM |
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tl;dr - what happened over night?
No evidence of hashing from labcoin, which means either 1.) Catastrophic generation 1 chip failure (inability to hash at all) 2.) There are no generation 1 chips
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Vigil
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September 20, 2013, 08:09:17 AM |
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tl;dr - what happened over night?
Basically nothing. More dumping and buying-up of shares while FUD continues from everyone who "doesn't own any shares". And Burnside posted a "Warning" on the Labcoin page.
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Ytterbium
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September 20, 2013, 08:09:19 AM |
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Didn't ActM IPO at .0005?
I'm not exactly sure, since I haven't been following it that much. I think they had a small IPO on bitfunder, then a larger follow on offering at 0.0025 or something like that on btct.co
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Vigil
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September 20, 2013, 08:12:24 AM |
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This Labcoin thing pisses me off though. I had made some good return here and the recent swings have taken a lot of it from me. I should have just taken what I had and run with it.
Shouldn't Labcoin be on here soon to get the prices back up so all those guys who bought at .0016 can get their 50% gains?
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BitThink
Legendary
Offline
Activity: 882
Merit: 1000
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September 20, 2013, 08:14:02 AM |
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Someone just added a 7 day put option as well, along with a 16 hour one. If they fail to hash in 7 days you could really make some money on that.
No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened. Idk how people can believe anything labcoin says when they put out a definitive statement like this: and have it be completely untrue. It appears as though generation 1 has failed completely. They just need to admit the chips worked initially, and then they found them cannot work stably. They've spent 2 weeks try to fix the problem and still trying their best, but the result is not predictable yet. They are looking for other methods to compensate the investors, meanwhile the 2-gen chips R&D moves smoothly, and working chips are expected by the end of October. Deploying 500TH by the end of December is still on the plan.
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