Whole market is taking a hit today - if it didnt take 5 days to turn fiat into bitcoin id be xfering in more
Everyones trying to jump on these new IPOs in the hopes that as soon as the initial shares sell out they can make a quick buck.
Sadly for them there are too many "New IPOs" popping up and the money is too spread out for these clowns to make anything.
Hell this IceDrill guy is trying to take in 2 Million Dollars worth of BTC in 6 days.
Keep Steady, this ship is sailing on smooth waters.
Why do people buy into these IPOs? Because profit.
They're buying into the second-highest tier of a pyramid scheme. As long as they keep their mouths shut, or parrot the IPO issuers managing the hype machine, they will profit.
Hold, Spartans!
LabCoin was oversubscribed with $2mil wanting to get in... so raising $2mil in 6 days isn't impossible. I mean, LabCoin is 130nm Process... on what planet is that a sensible investment when its competing with 28nm process. Even though IceDrill isn't producing their own chips (yet) - they are more competitive per GH than Labcoin, and power consumption being the key factor here, IceDrill eats labcoin for breakfast. But then compare both of those offerings with ActiveM and ActiveM leaves them in the dust. Anyway - ActM is still a good buy, Labcoin is a joke, IceDrill *Might* make their IPO, BTCGarden is a joke... etc.
Please understand that the IPO that promising you more unicorns for your money is not "a better IPO," but a bigger load of crap.
The 28nm "bitcoin ASICs" are as real right now as unicorns.
Sure, they could be built by someone in the future, when the stars align, the lord is willing and if the creek don't rise.
'Till that happy day, the process of the ASIC & its specs are a function of your credulity and the audacity of the IPO.
Not quite... no one is actively investing in and creating real life Unicorns. However there are steps being taken to produce a 28 nm chip. The odds are a lot more likely for that to happen than for Univorns to exist. Awful analogy.
