[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 174.

Luckybit

hero member

Activity: 714

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Quote from: JohnyBigs on September 26, 2013, 05:08:52 PM

The price is going to hit .00001 there are still 10 days before the exchange closes, then you'll see prices plummet.

Then I guess the smartest thing for shareholders to do now is pull all the way out and wait until bottom. It's probably never going to reach IPO price again unless they hash with 1TH before the exchange shuts down.

So it's simple. The risk is they wont get to hashing above 1TH before 10 days. If you think they'll get to 1TH in 10 days then hold. If you think that is unlikly then dump all your shares and buy back in when it reaches 0.0001 when they miss their deadline and the exchange shuts down.

When it appears on the new exchange the price should be 0.0001 or even lower. Also looking at the attitudes of the people here, it seems at this point even the whales and strongest supporters are selling which is a sign to get out.

Luckybit

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Quote from: Ytterbium on September 26, 2013, 05:06:32 PM

Quote from: Luckybit on September 26, 2013, 02:34:39 PM

Quote from: dopamine on September 26, 2013, 02:31:29 PM

Anyone know if labcoin sold their own shares?

Unlikely. If they sold their shares the price would crash way down. Also their shares are at IPO level so they really can't sell them at a profit. That is why its stupid to sell below IPO level and why I think buying at 0.0005 is smart. it's going to go up to IPO level if Labcoin wants to sell their shares. Remember they have to use their shares to pay themselves.

They could have sold them slowly over time. Also they don't have to use them to pay themselves, they can just take the money or just point some of their hashers somewhere else for a while.

At this point I think some people just want to take their money and run, and others might actually be thinking the price might go even lower. Some people might have wanted to try selling at 0.0008 and buying at 0.0006

But now in addition to the omnipresent "failure to hash" risk, there's also the exchange risk. It's possible they might screw up the share transfer as well, which means even if they do start hashing it could be a long time before people are actually able to sell their shares.

It's also possible they could have lied about going to direct shares which means once the exchange goes down it's game over. At least if they are the only ones left holding any shares and its far below IPO price when it reaches an exchange if it does then it will be very cheap to get a lot of shares anyway. 0.0006 at this point is too high given the emotional nature of the market, people will definitely drive the price down to below 0.0005 as more people check the message board and dump their shares. It could even go so far as to reach 0.0001 as we get closer to October shutdown.

Isn't it a strange coincidence that they want shareholders to wait until October 5th or so when the site just happens to shut down at around the same time? These correlations should creep anyone out who thinks about buying or who owns shares.

Could Labcoin be the reason for the site shutting down?

JohnyBigs

sr. member

Activity: 560

Merit: 250

These guys still haven't posted pictures of their supposed mining boards lol.

JohnyBigs

sr. member

Activity: 560

Merit: 250

The price is going to hit .00001 there are still 10 days before the exchange closes, then you'll see prices plummet.

kingcrimson

legendary

Activity: 1025

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Quote from: yummyfritos on September 26, 2013, 05:03:53 PM

Two questions:

1. Has Labcoin demonstrated that they are hashing with their own chips rather than purchased equipment from another company?

2. If they are not hashing with their own chips, would that contradict what they said they would be doing by this date?

no
yes

JohnyBigs

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Activity: 560

Merit: 250

Quote from: zumzero on September 26, 2013, 05:03:58 PM

16 more bids filled and we are in the 0.0005's. Jesus that's the original IPO price for ActM.

GET OUT WHILE YOU CAN PEOPLE, BEFORE BTCT CLOSES

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: Luckybit on September 26, 2013, 02:34:39 PM

Quote from: dopamine on September 26, 2013, 02:31:29 PM

Anyone know if labcoin sold their own shares?

Unlikely. If they sold their shares the price would crash way down. Also their shares are at IPO level so they really can't sell them at a profit. That is why its stupid to sell below IPO level and why I think buying at 0.0005 is smart. it's going to go up to IPO level if Labcoin wants to sell their shares. Remember they have to use their shares to pay themselves.

They could have sold them slowly over time. Also they don't have to use them to pay themselves, they can just take the money or just point some of their hashers somewhere else for a while.

At this point I think some people just want to take their money and run, and others might actually be thinking the price might go even lower. Some people might have wanted to try selling at 0.0008 and buying at 0.0006

But now in addition to the omnipresent "failure to hash" risk, there's also the exchange risk. It's possible they might screw up the share transfer as well, which means even if they do start hashing it could be a long time before people are actually able to sell their shares.

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: zumzero on September 26, 2013, 05:03:58 PM

16 more bids filled and we are in the 0.0005's. Jesus that the original IPO price for ActM.

It's going to go down to 0.0001. The best thing to do is wait until the panic is over and buy in at 0.0001. If it goes lower than 0.0001 I think Labcoin should just go ahead and close up shop. But I suspect the problems they are having will eventually be solved as soon as they either start hashing again in a significant way or they find an exchange, neither of which are guaranteed which is why the sell off.

zumzero

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myBitcoin.Garden

16 more bids filled and we are in the 0.0005's. Jesus that's the original IPO price for ActM.

yummyfritos

newbie

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Two questions:

1. Has Labcoin demonstrated that they are hashing with their own chips rather than purchased equipment from another company?

2. If they are not hashing with their own chips, would that contradict what they said they would be doing by this date?

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

bALLBREAKER has lost his edge. It's not fatigue from staying up 20 hours a day on this forum and shitting into his bucket. It's moar than that and I can smell it.

He doesn't have the same fight and energy and quips that he usually prides himself in. Something has changed. The fear of loss perhaps?

He's flailing around like an injured animal and it doesn't look good unless you hang out in the icedrill thread.

EDIT: Got it! He's losing a shit load of money right NOW on LC!!!!!!! That HAS to be it. He's angry at me because I am here to gloat. Fuckin' get it up yeh!!!

AngelSky

hero member

Activity: 1008

Merit: 537

All-time-low

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

There won't be a "move to another exchange."

Nobody in their right mind would list LAGcoin, especially after Burnside gave them a scammer tag and their legal troubles finally made BTCT shut down in fear/anticipation of the SEC's inevitable reaction.

Only zumzero would think that trading 10,000 turds for 27,142 pieces of shit is somehow a good idea.

Also, only zumzero would think that anyone is actually going to buy 10,000 ActiveScamming shares for 0.0019 when you can buy them for 0.0014.

Zumzero, it's time to take your crazy pills.

You are such a dip-shit bALLBREAKER. I'm sure you told us you graduated from nite-skool, so what's up with your inability to notice deception 101 when it smacks you across the face with a wet fish? duh!? Huh

Maybe you were too tired from deliverying dominos to be a good student boy when you should have been paying attention. Oh well, I'm happy to teach you a lesson or two.

1 - Do your due dilligence
2 - Don't invest in IPO's just because you have a similar name and makes you feel cool.
3 - ALWAYS ask zumzero for advice

JohnyBigs

sr. member

Activity: 560

Merit: 250

there goes that bid wall, come on you small balls bag holders dump for 60% loss like idiots, before that wall disappears and you have to dump at 90%.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: zumzero on September 26, 2013, 04:35:09 PM

Quote from: iCEBREAKER on September 26, 2013, 04:12:19 PM

Only zumzero would think that trading 10,000 turds for 27,142 pieces of shit is somehow a good idea.

Also, only zumzero would think that anyone is actually going to buy 10,000 ActiveScamming shares for 0.0019 when you can buy them for 0.0014.

Zumzero, it's time to take your crazy pills.

The mighty bALLBREAKER is butthurt that his own investment is moar fucked up than LC's. Haha!

I love it when you drop the pretencious clap-trap because that's when we know we got under your skin and made you the butt-hurt angry little student you are.

*Lolzy stuff or what folks* rofl

icedrill - 0.00117011

ActM Champions who is wearing da moon bootz - 0.00166659 Shocked

Come at me Bro. You are definitely going to "rip me to shreds" with your awesome crowd-sourced investment advice! Roll Eyes

That's right zumzero, you should stay far away from icedrill and buy moar Cheap Shaers of ActiveScamming.

I made a huge mistake selling all my ActM for 0.0045 and buying icedrill for <0.0014.

ActiveScamming is such a sure thing I suggest you go all in, even take out some loans if you are able.

Now run along, and go design some more ActiveGoatse logos for Ken.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

true

JohnyBigs

sr. member

Activity: 560

Merit: 250

Quote from: zumzero on September 26, 2013, 04:43:42 PM

Quote from: KSGuy on September 26, 2013, 04:18:01 PM

Quote from: zumzero on September 26, 2013, 04:02:21 PM

Don't think I'll bother mostly because not a single person on this thread has spoken up to defend LC or promote them.

Yup, not a single one of those 4 strangers suggested moving your money around.

good survey..lol

Not conducting a survey kid, I'm only here to bash this pathetic scam of a security and if you couldn't see that from my posts then do not pass GO and do not collect 200 btc.

And once I'm finished pummelling it into the ground, I'm going after bALLBREAKER and am going to rip him to shredz. Grin

That's cute you think you actually had any hand in pummeling Labcoin to the ground like they didn't do that themselves.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: KSGuy on September 26, 2013, 04:18:01 PM

Quote from: zumzero on September 26, 2013, 04:02:21 PM

Don't think I'll bother mostly because not a single person on this thread has spoken up to defend LC or promote them.

Yup, not a single one of those 4 strangers suggested moving your money around.

good survey..lol

Not conducting a survey kid, I'm only here to bash this pathetic scam of a security and if you couldn't see that from my posts then do not pass GO and do not collect 200 btc.

And once I'm finished pummelling it into the ground, I'm going after bALLBREAKER and am going to rip him to shredz. Grin

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: iCEBREAKER on September 26, 2013, 04:12:19 PM

Quote from: zumzero on September 26, 2013, 03:54:23 PM

I'm thinking of selling 10,000 ActM shares for 0.0019 and buying LC @ 0.0007 for 27,142 shares.

That's got to be a good deal. Any thoughts?

Also, how is the move to another exchange being handled? Do we know when btct.co trading will halt for LC?

Thanks

There won't be a "move to another exchange."

Nobody in their right mind would list LAGcoin, especially after Burnside gave them a scammer tag and their legal troubles finally made BTCT shut down in fear/anticipation of the SEC's inevitable reaction.

Only zumzero would think that trading 10,000 turds for 27,142 pieces of shit is somehow a good idea.

Also, only zumzero would think that anyone is actually going to buy 10,000 ActiveScamming shares for 0.0019 when you can buy them for 0.0014.

Zumzero, it's time to take your crazy pills.

The mighty bALLBREAKER is butthurt that his own investment is moar fucked up than LC's. Haha!

I love it when you drop the pretencious clap-trap because that's when we know we got under your skin and made you the butt-hurt angry little student you are.

*Lolzy stuff or what folks* rofl

icedrill - 0.00117011

ActM Champions who is wearing da moon bootz - 0.00166659 Shocked

KSGuy

sr. member

Activity: 429

Merit: 250

Quote from: zumzero on September 26, 2013, 04:02:21 PM

Don't think I'll bother mostly because not a single person on this thread has spoken up to defend LC or promote them.

Yup, not a single one of those 4 strangers suggested moving your money around.

good survey..lol

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 174. (Read 1079974 times)