Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 687. (Read 1079974 times)

I also had a feeling it would go slightly downhill this weekend. Probably not much though as shareholder confidence has been restored.

So if they are not paying attention I would expect a status quo.   

Sounds good, I wouldn't mind scooping up a few more just in case the chips actually work.

I expect it to drift down a bit over the next couple of days.  Americans won't be paying much attention since it's a holiday weekend.

Maybe next asicmining, Maybe nothing!

If all the trolls and kids from trollbox could refrain from posting, and save us their lack of patience - that would be great.

I still think we will hover around here till we start mining.. Might flirt with.004 a bit here and there

+1. It's trying to break 0.004 but keeps bouncing off a clump of resistance. A few pics should do it.

1 pic = 0.0003

More pics, please.

Good explanation.

rally!

Nobody else is going to have a huge first mover advantage on the introduction of ASICs.  There will never be another disruptive technology that will increase hashing speed in a giant leap like the introduction of ASICs.  That does not mean I don't think other companies can be profitable and a good investment, just that ASICMiner was first and got a huge amount of initial profits because of it.  When ASICMiner started hashing difficulty was ~15 million.  That means that if Labcoin started hashing today they would need 4 times the hash power that ASICMiner had just to achieve parity.  Seeing that they are using the same circuit density, I kind of doubt we will see that big of a performance bump, but I am no expert.  

I own a fair amount in Labcoin.  I expect them to be competitive and profitable. But I certainly don't expect them to pay back my initial investment in the first few weeks of mining.  I don't expect a 50-fold  increase in share price in he first 4 or 5 months.  Those are things ASICminer did.  It won't happen again, there is too much competition now.

I will admit my math was bad though.  I meant to say that even if Labcoin only gets 10% of their stated goal (1% of network) returns would still be great according to normal investment standards.  I said 2 year ROI in that scenario, but apparently it would be more like 4.  Still great.

tasty wall up for good eatins

Yes TA can apply whether on pink sheets, bitcoins or traditional exchanges.  I know the argument goes that on "real" exchanges you see a bunch of traders trading the formations thus the TA tends to make self fulfilling prophecies and here we have noobs without those TA skills but consider the following:

The reason chart formations can be such a reliable indicator is that they also reflect investor sentiment charted through time. So consider a cup and handle formation. There were investors who bought and watched the price fall and then watched it climb back up feeling a surge of emotions along each of those points. Then along the handle part of the formation they see stability... "OK" they say, "well the water looks safe, I don't think the odds of losing my money are great now, let me put a little more money in." But you have a whole herd thinking that.

Die hard TA traders often seem to forget that those charts represent extreme emotions charted over time which is why formations repeat so often. They get lost in a sea of math and oscillators and indicators and formations and forget about the emotions and psychology that make the math. That psychology is why nearly every parabolic spike that pops has a bull trap dead cat bounce. It's the people trying to be the smart ones catching a falling knife and buying at "the bottom"  meeting the people that just watched all their equity evaporate in the blink of an eye to resume the downward pressure and then those smart guys join the longs in a run to the exits as they all panic an the price drops even farther. These formations don't need a bunch of people trading following TA to be repeatable as they occur again and again as psychology operates the same over and over.

I keep track of weird things, and this is exactly the 2nd time I've agree'd with Mabsark.

^ This!

As if these stock prices can be analyzed like any traditional stock on the traditional exchanges.

Labcoins price is about to breakout above .004, the price took a dive to support, and rebounded strong, made a nice cup and handle formation and it looks like it's going to breakout again on the charts

I'm inclined to agree with that. There's no telling how much the bitcoin ecosystem is going to grow, although all signs seem to point to extreme growth. There's some solid evidence to suggest that the ASIC war is going to really start in Q4 2013.

No. If you bought right now at a price of 0.003609 BTC per share and assume that Labcoin had 10% of the network hash rate, it would take 0.003609 / 0.00035280 = 10.23 rounds to recoup the cost of the share. With the length of each round being 10-14 days depending on how fast the network is growing, 10.23 rounds would be take between 102 and 143 days.

AM was not a fluke. There is nothing special about AM. They make ASICs to mine with and sell. I don't understand why you would think that nobody else could possibly do that.