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zumzero
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September 30, 2013, 02:47:56 PM |
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October 7th trading halt is the perfect getaway?
indeed |
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Sou
Full Member
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Activity: 210
Merit: 100
(Bitcoin related text here)
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September 30, 2013, 02:52:02 PM |
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If Labcoin is really devious, this is his plan exactly. Miss deadline, panic sell off, bring miners back online, panic buy. Profit.
if that's the case  |
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matt4054
Legendary
Offline
Activity: 1946
Merit: 1035
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September 30, 2013, 03:01:34 PM |
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This asset is not worth a penny, in a week BTC-TC will belong to the past, and so will LABCOIN.
Any satoshi you can now should be taken before the buy book runs entirely dry... just sayin'
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ronaldlee0917
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September 30, 2013, 03:03:41 PM |
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Did they even contact Ukyo?? Anyone knows?
I do not know that but it seems that btct might be resurrected sometime in the near future: https://btct.co/security/CIPHERMINE-PT (check out the NEWS) I doubt they will risk their reputation to list ScamCoin |
Donation: 18zXsfnSvGjQFJ6pEiKMg2uWGcxUCfJLzu Mastercoin - A new protocol layer built on top of Bitcoin |
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Rannasha
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September 30, 2013, 03:05:37 PM |
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Did they even contact Ukyo?? Anyone knows?
I do not know that but it seems that btct might be resurrected sometime in the near future: https://btct.co/security/CIPHERMINE-PT (check out the NEWS) The resurrection would probably recreate the exchange with a fresh slate, with issuers having to reapply. And I don't see any way how Labcoin would be accepted by any serious exchange in its current state. |
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ShroomsKit
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September 30, 2013, 03:05:44 PM |
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Looks like Labcoin left the building.
I wonder if we will here from TheSwede again.
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Its price is not a very relevant factor in its adoption....
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Puppet
Legendary
Offline
Activity: 980
Merit: 1040
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September 30, 2013, 03:06:52 PM |
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The current price is still ridiculously high if labcoin where a pure moneygrab and run. Its still selling for 1/4 of its IPO when most investors hoped this could be Asicminer 2.0. The current price is at a point that would have been more reasonable from the start for a high risk venture that may or may not yield limited amounts of 180/130nm chips so late in the game, the price is not reasonable for a venture that would have been proven a scam.
My guess is that there is some truth to the lie and once the price has sunk further there will be another pump and dump PR push showing some stuff that should have been shown months ago, along with bold promises and vague statements about who is who. And right now, they are buying back their own stock, which is why its not 0.000001 yet.
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minerpart
Sr. Member
Offline
Activity: 280
Merit: 250
IIIIII====II====IIIIII
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September 30, 2013, 03:07:35 PM |
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If Labcoin is really devious, this is his plan exactly. Miss deadline, panic sell off, bring miners back online, panic buy. Profit.
That would get them locked up in prison for stock manipulation and end their reputation forever. It is in no way a feasable plan, the court cases would shut them down. It is illegal full stop. |
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Rival
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September 30, 2013, 03:08:49 PM |
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We may need to start pricing Labcoin in litecoins soon. 1 satoshi might be too high of a price for a share.
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JMG
Newbie
Offline
Activity: 47
Merit: 0
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September 30, 2013, 03:09:18 PM |
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With the current Labcoin reputation, no exchange will accept it. Then it's gone.
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bitwhizz
Legendary
Offline
Activity: 910
Merit: 1000
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September 30, 2013, 03:09:52 PM |
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The current price is still ridiculously high if labcoin where a pure moneygrab and run. Its still selling for 1/4 of its IPO when most investors hoped this could be Asicminer 2.0. The current price is at a point that would have been more reasonable from the start for a high risk venture that may or may not yield limited amounts of 180/130nm chips so late in the game, the price is not reasonable for a venture that would have been proven a scam.
My guess is that there is some truth to the lie and once the price has sunk further there will be another pump and dump PR push showing some stuff that should have been shown months ago, along with bold promises and vague statements about who is who. And right now, they are buying back their own stock, which is why its not 0.000001 yet.
How do you know labcoin hasn;t got multiple accounts creating a fake wall using a tiny percentage of the stolen money just to buy time |
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minerpart
Sr. Member
Offline
Activity: 280
Merit: 250
IIIIII====II====IIIIII
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September 30, 2013, 03:14:31 PM |
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And right now, they are buying back their own stock, which is why its not 0.000001 yet.
No one is buying! Look at the order book. They have sold 1Mill of what they were not supposed to already and are probablly onto the other 2Mill by now. They are selling in small batches to maximise take home pay. Right now they have about 400btc worth of LC they are trying to dump. There are not enough buyers and price is plummeting so they might only make 150btc on selling it all. That is still worth fighting for, 150btc in a few years will be a small fortune. |
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KS
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September 30, 2013, 03:16:21 PM |
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And right now, they are buying back their own stock, which is why its not 0.000001 yet.
No one is buying! Look at the order book. They have sold 1Mill of what they were not supposed to already and are probablly onto the other 2Mill by now. They are selling in small batches to maximise take home pay. Right now they have about 400btc worth of LC they are trying to dump. There are not enough buyers and price is plummeting so they might only make 150btc on selling it all. That is still worth fighting for, 150btc in a few years will be a small fortune. This is worth doing a Q&A for... |
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abuelau
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September 30, 2013, 03:16:41 PM |
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And right now, they are buying back their own stock, which is why its not 0.000001 yet.
No one is buying! Look at the order book. They have sold 1Mill of what they were not supposed to already and are probablly onto the other 2Mill by now. They are selling in small batches to maximise take home pay. Right now they have about 400btc worth of LC they are trying to dump. There are not enough buyers and price is plummeting so they might only make 150btc on selling it all. That is still worth fighting for, 150btc in a few years will be a small fortune. You are delusional. 150btc for someone that already made 7000+ is NOTHING. Come on!! |
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MikeyVeez
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September 30, 2013, 03:16:56 PM |
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And right now, they are buying back their own stock, which is why its not 0.000001 yet.
No one is buying! Look at the order book. They have sold 1Mill of what they were not supposed to already and are probablly onto the other 2Mill by now. They are selling in small batches to maximise take home pay. Right now they have about 400btc worth of LC they are trying to dump. There are not enough buyers and price is plummeting so they might only make 150btc on selling it all. That is still worth fighting for, 150btc in a few years will be a small fortune. Yes sell while you can |
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MikeyVeez
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September 30, 2013, 03:18:53 PM |
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And right now, they are buying back their own stock, which is why its not 0.000001 yet.
No one is buying! Look at the order book. They have sold 1Mill of what they were not supposed to already and are probablly onto the other 2Mill by now. They are selling in small batches to maximise take home pay. Right now they have about 400btc worth of LC they are trying to dump. There are not enough buyers and price is plummeting so they might only make 150btc on selling it all. That is still worth fighting for, 150btc in a few years will be a small fortune. This is worth doing a Q&A for... Q&A doesnt matter anymore, they missed another deadline who cares about a q&a we know their answers already anyway. Chips are gone until October 15th and will probably be delayed until november the end. |
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Puppet
Legendary
Offline
Activity: 980
Merit: 1040
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September 30, 2013, 03:21:44 PM |
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How do you know labcoin hasn;t got multiple accounts creating a fake wall using a tiny percentage of the stolen money just to buy time
I dont know that. Im just predicting at least one more pump and dump before the lights go out. Even I could pull off a story and some pics credible enough to convince a non trivial part of (no offense, generally extremely gullible) posters/investors here. Anyway, dont take that as investment advice. No one is buying! Look at the order book.
Buying or having open bids doesnt change a lot. |
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ishkur
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September 30, 2013, 03:24:05 PM |
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The current price is still ridiculously high if labcoin where a pure moneygrab and run. Its still selling for 1/4 of its IPO when most investors hoped this could be Asicminer 2.0. The current price is at a point that would have been more reasonable from the start for a high risk venture that may or may not yield limited amounts of 180/130nm chips so late in the game, the price is not reasonable for a venture that would have been proven a scam.
My guess is that there is some truth to the lie and once the price has sunk further there will be another pump and dump PR push showing some stuff that should have been shown months ago, along with bold promises and vague statements about who is who. And right now, they are buying back their own stock, which is why its not 0.000001 yet.
I think you summed it up In addition to it all we will likely see 2-5 TH within a few days backed by there PR which would cause the buying frenzy. Then the final sell off |
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MikeyVeez
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September 30, 2013, 03:26:59 PM |
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The current price is still ridiculously high if labcoin where a pure moneygrab and run. Its still selling for 1/4 of its IPO when most investors hoped this could be Asicminer 2.0. The current price is at a point that would have been more reasonable from the start for a high risk venture that may or may not yield limited amounts of 180/130nm chips so late in the game, the price is not reasonable for a venture that would have been proven a scam.
My guess is that there is some truth to the lie and once the price has sunk further there will be another pump and dump PR push showing some stuff that should have been shown months ago, along with bold promises and vague statements about who is who. And right now, they are buying back their own stock, which is why its not 0.000001 yet.
I think you summed it up In addition to it all we will likely see 2-5 TH within a few days backed by there PR which would cause the buying frenzy. Then the final sell off |
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bitwhizz
Legendary
Offline
Activity: 910
Merit: 1000
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September 30, 2013, 03:27:32 PM |
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i doubt it, i think they have packed their suitcase and they're 'off to barbados',no announcements, nothing, they can run and hide, for a a while, they'll be caught eventually though and be looking at 5 years minimum jail time i would suspect
Edit - i'm basing this by them taking down the miners and giving no correspondance
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