Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 630. (Read 1079974 times)

Its only 7 shares... $2.

Just be ready to sell if they don't deliver or never return to the forum.

Don't do anything you might regret...

Just jumped on board for 7 shares (my gal's lucky number). Looking forward to what the upcoming weeks/months bring.

is there a bet going that labcoin will be hashing on the 10th?

Stuart, your post reeks of the jealous delusions of an ActM fanboy.

Anyone with half a brain could have told you that the eASIC news would cause a short lasting bubble due to having no actual chips for another 2 months. Anyone with a half a brain could also tell you that news of LC mining will be the start of a long lasting increase in share price due to actually having chips.

You've got to be seriously delusional to not understand this.

/ignore Stuartuk

Thanks.

Labcoin is going to be able to push out ~1.2Gh in a 5W usb miner for around $3-4 usd production cost (based on their performance/power usage estimates).  The profit on those alone will be amazing for investors.  The mining is just a nice bonus.

Does 3-4TH produce satoshi dust dividends? Wouldn't a worst present case (800TH network) still equate to 0.5%? And is this seriously coming from the biggest ActM cheerleader to date? Might I remind you that ActM has less than 0.5TH online?

Satoshi dust divs will keep the LC spike afloat? Wishful thinking. 40% increase and everyone will be running for the doors. Or will it be 20% increase? 15%? I think there are a bus load of holders desperate to sell at break even now so .004 could see the big sell.

What I said was quite clear, and it was not simply 'good news will lower price'.

What will happen is similar to what happened to the ACtM price a few days ago:
If there is 'good news' (i.e. a small bit of mining started) there would be a spike in price (approx 50%) which would last half an hour. Then there would be a steady sell off over the rest of the day until price settles at, or below, the price before the news. This is exactly how it will pan out - just like ACtM there will be no significant divs from this mining just a promise of bigger future divs and so no reason for the price increase to hold.

So is that 30min window in which a spike will occur worth the risk of loosing money? How many people will catch the 30min window before all the big holders start selling huge chunks?
Some might like the risk of loosing 20% for a possible 50% increase BUT PLEASE be aware of this fact before you decide:

When the news hit the ACtM stock, it's price was deflated. It was sitting at 40% of it's all time high and well below it's recent average range.
When (or if) news hits the LC stock, it's price will already be inflated. Price is currently sitting at around 90% of the all time high and in the top half of it's recent average range.

What this means is that the theoretical 50% spike that everyone is praying for might well not happen at all, because price is already over-inflated.

This is why 0.002 is a safe price right now and why .0035 is not safe and actually represents a very very poor value price considering the possibility of bad news coming.

I hope that's an eye opener for some people and you take this opportunity to limit your risks on this one.

You guys should sell all your shares now, buy back just before the first dividends.

If you really believe the price won't go anywhere til then, there's better places to put your money.

So sell.

Yeah.  That's what I thought.

I honestly think we wont break .004 till the first divident is paid.

If it is about uncertainty then the eASIC deal should have resolved at least SOME of it. It did nothing.

The ActM news was pretty solid news too. It confirmed they had a deal with a top ASIC company and that it wasn't a scam, yet the price went no where. Its the same reason as I mentioned before... there are big sellers who are 'absorbing' all the momentum of the stocks through huge sell-offs. There eventually won't be any money left to buy in to drive the price up because they all got burned. Its almost like getting other people to fund your mining rigs but giving them nothing in return (some people do but no where near to the amount of people who threw-in).

They will drive the price up later when they have collected the majority of the dividends and then sell-off.

Well, ActM still did shoot up, I mean, look at the graph. Now, I think the reason ActM didn't stay at a higher price is most likely because there still isn't anything tangible. The eASIC announcement is great news, to be sure, but there's still a lot of uncertainty (although admittedly that's decreasing)

If Labcoin hit their deadline, not only will a lot of uncertainty be removed, but now you're talking about having tangible, hashing hardware. That's likely enough to keep the price afloat.

I wouldn't be too sure.  It's entiely possible that the price will not shoot up as everyone expects.

Just look at ActM as a case in point as has already been mentioned.

The statement that good news will lower the price.
Also with the necessity of your presence in this thread.

this

What exactly do you disagree with? Thanks.