[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 272.

bobboooiie

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Quote from: Ytterbium on September 20, 2013, 06:57:38 PM

By the way - I'm surprised no one's commented on the last payment. They got 0.2 BTC in the past hour.

The other payments have been consistent with just a few hundred GH/s, possibly powered by the three Avalons we know they have. But this last payment is consistent with about 1.2Th/s. Which means either a completely different person is sending them saved up BTC on their BTCGuild account, or they are actually up and hashing.

So yeah, in no way am I trying to defend Labcoin's behavior - if you think that their stock will start to go up once they prove they're hashing now would really be the time to jump in, maybe with a small purchase that you're willing to lose.

Hopefully this is going to be picking up soon but it really seems like they are hashing with 1TH+ now

Ytterbium

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Quote from: Vigil on September 20, 2013, 07:05:31 PM

Quote from: Ytterbium on September 20, 2013, 06:57:38 PM

By the way - I'm surprised no one's commented on the last payment. They got 0.2 BTC in the past hour.

The other payments have been consistent with just a few hundred GH/s, possibly powered by the three Avalons we know they have. But this last payment is consistent with about 1.2Th/s. Which means either a completely different person is sending them saved up BTC on their BTCGuild account, or they are actually up and hashing.

So yeah, in no way am I trying to defend Labcoin's behavior - if you think that their stock will start to go up once they prove they're hashing now would really be the time to jump in, maybe with a small purchase that you're willing to lose.

Screw that. The only thing consistent with Labcoin is price-crashing. I'll put low bids in and wait patiently.

Lol, true.

Vigil

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Activity: 378

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Quote from: Ytterbium on September 20, 2013, 06:57:38 PM

By the way - I'm surprised no one's commented on the last payment. They got 0.2 BTC in the past hour.

The other payments have been consistent with just a few hundred GH/s, possibly powered by the three Avalons we know they have. But this last payment is consistent with about 1.2Th/s. Which means either a completely different person is sending them saved up BTC on their BTCGuild account, or they are actually up and hashing.

So yeah, in no way am I trying to defend Labcoin's behavior - if you think that their stock will start to go up once they prove they're hashing now would really be the time to jump in, maybe with a small purchase that you're willing to lose.

Screw that. The only thing consistent with Labcoin is price-crashing. I'll put low bids in and wait patiently.

Vigil

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Activity: 378

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The point to all this is:

Sure, we all take a risk when we invest in these "stocks", but usually the risk is something along the lines of the business plan not working out and thus we may lose our investment. In this case that isn't even the issue, we are dealing with a risk that is completely abnormal and not necessary - we are dealing with false and misleading information which along with manipulators results in absolute randomness and massive market shake-ups that leave you at any time having no clue whether the price is going to jump or plummet by 100% and then back again. If you are a trader you can usually know, barring some bad news, that the price isn't going to look like the worlds most insane roller-coaster. You know you can through some smartly placed trades make a few percent here and there, there is risk of making a bad purchase but it likely won't cost you your entire investment.

In other words, this isn't "risk" we are talking about, this is just pure BS.

Ytterbium

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By the way - I'm surprised no one's commented on the last payment. They got 0.2 BTC in the past hour.

The other payments have been consistent with just a few hundred GH/s, possibly powered by the three Avalons we know they have. But this last payment is consistent with about 1.2Th/s. Which means either a completely different person is sending them saved up BTC on their BTCGuild account, or they are actually up and hashing.

So yeah, in no way am I trying to defend Labcoin's behavior - if you think that their stock will start to go up once they prove they're hashing now would really be the time to jump in, maybe with a small purchase that you're willing to lose.

Ytterbium

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Quote from: 4ju5tice on September 20, 2013, 06:36:56 PM

Quote from: 237 on September 20, 2013, 06:22:17 PM

Well, at least you can sleep well when you have nothing in Labcoin Wink

Though i have my inital investment back and still a nice amount of shares to play with, riding the labcoin rollercoaster is stress.

Exactly. Yeah, I bought a lot of shares at the IPO originally then sold the next morning for about 2.5x my initial investment. So I guess the money I lost today was money that I gained from other peoples losses. I'm not too worried about it.

You seem like a reasonable individual.

If you think that's stressful, try shorting them. I bought put options that would profit if the price went under 0.0015 when the price was tanking. I thought for SURE it would keep tanking but people started buying again, and then there was a jump back up to 0.0014 when another transaction came in on the blockchain.

Ultimately I made money on them but for a while it looked like I was about to lose more.

4ju5tice

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Quote from: 237 on September 20, 2013, 06:22:17 PM

Well, at least you can sleep well when you have nothing in Labcoin Wink

Though i have my inital investment back and still a nice amount of shares to play with, riding the labcoin rollercoaster is stress.

Exactly. Yeah, I bought a lot of shares at the IPO originally then sold the next morning for about 2.5x my initial investment. So I guess the money I lost today was money that I gained from other peoples losses. I'm not too worried about it.

You seem like a reasonable individual.

hobbymd

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aaaaaaaaaaaaaaaaaaaaaaand is goneeee Huh

blastbob

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BUY all the shares!

hobbymd

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labcoin is online!! we might get the promised update Shocked

damiano

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103 days, 21 hours and 10 minutes.

Quote from: Ytterbium on September 20, 2013, 06:24:43 PM

The last payment, 0.2 in 1 hour, is equivalent to 14 Avalons or so. So either this is a different troll posting to the address, or else they're actually hashing with more then just the three Avalons.

So, it's actually looking more likely that they're really hashing.

Baby steps in the right direction is nice.

Ytterbium

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Activity: 238

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The last payment, 0.2 in 1 hour, is equivalent to 14 Avalons or so. So either this is a different troll posting to the address, or else they're actually hashing with more then just the three Avalons.

So, it's actually looking more likely that they're really hashing.

237

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Quote from: 4ju5tice on September 20, 2013, 06:14:45 PM

Quote from: 237 on September 20, 2013, 05:55:39 PM

When the shares, i invested in, lose 2/3 of their value i don't think about selling, i think about buying more. At least if there is no bad news out. I mean really bad, like a meteor dropped on the factory.

Usually I do the same thing. However, I bought into labcoin out of greed. I didn't have any real proof that the company was capable of accomplishing what they claimed. And every time they say something, it's a lie.

So... in this case, I'm not going to buy in more. I think I already learned my lesson. And I admit, I could have lost less. But I wanted to get out, the danger with stocks where the company constantly lies is that the share price could go to zero pretty quickly.

Well, at least you can sleep well when you have nothing in Labcoin Wink

Though i have my inital investment back and still a nice amount of shares to play with, riding the labcoin rollercoaster is stress.

E.Sam

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Deposit amount: 0.2070555 BTC. -> http://blockchain.info/tx-index/90402519
[ New balance at that address is now 5.67161421 BTC. ]

hum....

4ju5tice

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Quote from: 237 on September 20, 2013, 05:55:39 PM

When the shares, i invested in, lose 2/3 of their value i don't think about selling, i think about buying more. At least if there is no bad news out. I mean really bad, like a meteor dropped on the factory.

Usually I do the same thing. However, I bought into labcoin out of greed. I didn't have any real proof that the company was capable of accomplishing what they claimed. And every time they say something, it's a lie.

So... in this case, I'm not going to buy in more. I think I already learned my lesson. And I admit, I could have lost less. But I wanted to get out, the danger with stocks where the company constantly lies is that the share price could go to zero pretty quickly.

Vigil

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Quote from: SoylentCreek on September 20, 2013, 06:05:32 PM

Quote

WARNING -- There is a lot of controversy over the reliability of the operator of this asset. Please place your orders accordingly.

LOL

Translation: Sell what you have as soon as possible, this thing could be going down.

Burnside initiated the sell-off with that FUD.

SoylentCreek

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Quote

WARNING -- There is a lot of controversy over the reliability of the operator of this asset. Please place your orders accordingly.

LOL

gramma

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Quote from: 4ju5tice on September 20, 2013, 05:40:47 PM

I thought about it a lot. Believe me. And yeah, maybe I could have gotten the money back. But maybe I could have lost it all. Hindsight is not something we have with stocks.

I decided that I would take the large loss due to their inability to tell the truth. The truth is worth a lot to me.

FWIW, you're not the only one. I've made a little back since then with all the fluctuations, but I'm gambling at this point, not investing.

Ytterbium

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Quote from: JohnyBigs on September 20, 2013, 11:21:36 AM

I had a day 1 KNCMiner realized it would be worthless even on day 1 delivery, got a refund, mentioned my opinion in the thread on why I got a refund and thought that it's stupid for anyone to by these machines as they won't make enough, and left.

Haven't been on that thread there since, because I have 0 interest in it's success or failure, clearly all the FUDS here have faith in Labcoin they just want to crash the price so much that they can basically buy up the company for free, and when they finally hash and mine properly make a killing.

What do you expect from low life scum that this community is filled with?

Uh, why didn't you sell it instead? You could have made a 50% profit, at least.

237

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Quote from: 4ju5tice on September 20, 2013, 05:44:38 PM

Quote from: superduh on September 20, 2013, 05:37:20 PM

strange decision you were willing to lose 2/3 and only get 1/3 of your investment because you're not willing to "lose it all" i say you were quite close to losing it all anyways at the price you liquidated. couldve waited and possibly lost nothing

My stupidity and greed drove me to buying the shares. Every time I held onto them with hopes to sell higher, the price kept going down. I'd rather take some money than no money.

Maybe my trading strategy is different than yours, but typically when people lose 2/3 of their value they may begin to think about selling. Maybe it was a mistake, all I know is that I can't trust this company. I don't think that anyone can.

When the shares, i invested in, lose 2/3 of their value i don't think about selling, i think about buying more. At least if there is no bad news out. I mean really bad, like a meteor dropped on the factory.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 272. (Read 1079974 times)