If there is any stock on BTCT right now that you should hold long-term, it's this one.I would even be hesitant to throw my money into asicminer right now. Labcoin just makes sense. Labcoin is the only one who takes the win for earliest deployment date, most aggressive development and carries the most potential to increase in value from a start-up.
A company like ASICMINER is striving to maintain value, Activemining is great but is still going to take awhile with its 28nm development, and icedrill has an ask wall that's bigger than China's (good luck making any short/medium term gains on that one).
If anyone has shares in ASICMINER, I would selling them off. Labcoin is the baby, perfectly positioned to grow into a solid competitor of AM. Don't invest in the old senile dinosaur struggling to keep its own mass ... invest in the start-up with 100x growth potential.
A company like ASICMINER is striving to maintain value, Activemining is great but is still going to take awhile with its 28nm development, and icedrill has an ask wall that's bigger than China's (good luck making any short/medium term gains on that one).
If anyone has shares in ASICMINER, I would selling them off. Labcoin is the baby, perfectly positioned to grow into a solid competitor of AM. Don't invest in the old senile dinosaur struggling to keep its own mass ... invest in the start-up with 100x growth potential.
I absolutely agree. I believe LC is still way undervalued, even in its still unproven state.
The only reason for me to be afraid to invest here would be if there was the possibility that they are complete liars, and the whole project nothing but a scam.
But if you followed the IPO, you know that they deliberately turned down holding it auction-style, which would have given them probably at least double the IPO money. That is pretty much the most anti-scam move they could have made, and gives me about 99.9% certainty that it's not a scam. If they are a scam, that would have been the most irrational and deceiving step I'd have ever seen in a scam.
And to see why they are undervalued, consider this:
Why for example is ActM valued at ~0.005 now, with 25 million shares, and LC at ~0.0025 with only 10 million shares? It's absolutely beyond me.
If you see them at the same level of uncertainty right now, LC should be at least at 0.01 already (since they have 2.5x less shares).
ActM has nothing in reach, the Avalon Clones are delayed and will very likely never see ROI. Buying them already was a bad investment by ActM.
The 28nm development... has it even started? If I understand correctly, they only have a not-even-official partnership with eASIC to start development on them. It will take a long time before anything comes of it.
LC on the other hand had their chips taped out before they even started the IPO. They have been developing since last year.
And now with Swede confirming that the chips will come and get hashing within the next few weeks, it really makes no sense to me that somehow, LC is still valued less than ActM by the market.
Can anyone help me understand what's the reason for this? Because I just don't see it.
I'm not saying all this to push the price or anything, just stating my completely honest opinion. I have no interest in a short-term push of the price, because I'm certain LC's success will do that on its own soon enough.
I'm balls deep invested in LC and I believe it might turn out to be the best investment I have made in my entire life, right next to getting invested in bitcoin in the first place.
