Wtf are people doing. Move the asks they will still get eaten. Talk about burning profit
Calm down. This news isn't what people were expecting. It's an announcement that they are a week behind schedule.
With no verifiable proof being provided, it's hardly surprising people are getting a little nervous.
The share price says it all. Sorry folks, it doesn't look that good at the mo.
No pictures with the announcement sure seems scammy to me.
It's obvious that they have it working. You guys were expecting Labcoin to come here and say "sorry guys, we had some problems and it's not working, we will fix it and we expect to have it working in another 2 weeks", and that would be perfectly fine (after all, EVERY SINGLE ASIC company has done that before right??). Shares would dump a bit, but after 2 weeks they would go up again.
But instead they come and say "we are hashing" and all you guys can think of is "how is he tricking us". Why on hell would they say this if they didn't have it working? They have a real company, they have the chance to make a LOT of money by doing what they say they will do, if they wanted to run away they would have done it already!
How is it "obvious that they have it working" ? There is ZERO evidence supporting this announcement. There are a multitude of ways that they could prove they have started hashing.
Why would they say this? Money. They could manipulate the share price while not even needing to prove they have anything because the cheerleaders will believe anything they say.
