[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 831.

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: Bitcycle on August 04, 2013, 09:23:33 PM

Panic mode engaged!

We're a long way from good news, it will most likely drift back to IPO levels before anything significant happens to renew interest. Unfortunately people don't seem to be able to hold the line for long periods of inactivity, it's just the way of the bitcoin market.

Full disclosure... I sold @ .0027 + .0017 and won't enter again until .001 ish.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: Ytterbium on August 04, 2013, 09:21:16 PM

Well, as you can see they were right to set their IPO price where they did. If the shares had sold at 0.002 and then dropped down to the current level, people would be outraged

As it is, people who got in at the IPO price are still in the money, so not particularly concerned.

This is just someone dumping their shares either to drive the price down or because they are trying to take their BTC somewhere else.

Bitcycle

sr. member

Activity: 420

Merit: 250

Panic mode engaged!

Vigil

sr. member

Activity: 378

Merit: 250

02:22 (S) 3002 @ 0.00150000 LABCOIN
02:22 (S) 110 @ 0.00150000 LABCOIN
02:22 (S) 5000 @ 0.00150100 LABCOIN
02:22 (S) 8 @ 0.00150100 LABCOIN
02:22 (S) 84 @ 0.00150100 LABCOIN
02:22 (S) 990 @ 0.00150200 LABCOIN
02:22 (S) 8000 @ 0.00150200 LABCOIN
02:22 (S) 1000 @ 0.00150300 LABCOIN
02:22 (S) 50 @ 0.00150300 LABCOIN
02:22 (S) 3000 @ 0.00150700 LABCOIN
02:22 (S) 4000 @ 0.00151100 LABCOIN
02:22 (S) 233 @ 0.00151500 LABCOIN
02:22 (S) 7649 @ 0.00151600 LABCOIN
02:22 (S) 100 @ 0.00152200 LABCOIN
02:22 (S) 544 @ 0.00152300 LABCOIN
02:22 (S) 12 @ 0.00155000 LABCOIN
02:22 (S) 71 @ 0.00155200 LABCOIN

Ytterbium

full member

Activity: 238

Merit: 100

Well, as you can see they were right to set their IPO price where they did. If the shares had sold at 0.002 and then dropped down to the current level, people would be outraged

As it is, people who got in at the IPO price are still in the money, so not particularly concerned.

Bitcycle

sr. member

Activity: 420

Merit: 250

Better to dump helter skelter than to take some time and maximize profit, huh? Clearly the result of some careful planning.

Roll Eyes

stoasis

newbie

Activity: 22

Merit: 0

Quote from: matuszed on August 04, 2013, 09:07:53 PM

Quote from: Vigil on August 04, 2013, 08:59:02 PM

Quote from: freedomno1 on August 04, 2013, 08:37:39 PM

Its actually kind of funny that the sell wall has a good 150 Bitcoin and the buy wall to 0.1887 has 40

This was earlier today I am talking about.

Edit: just now, there are buy orders at 1611 and someone is selling thousands of shares at 1600 and 1500 - about 100,000 shares.

2:06 (S) 425 @ 0.00151700 LABCOIN
02:06 (B) 70 @ 0.00161600 LABCOIN
02:05 (S) 7 @ 0.01507000 BTCGARDEN
02:03 (S) 2351 @ 0.00151600 LABCOIN
02:03 (S) 10000 @ 0.00151700 LABCOIN
02:03 (S) 2060 @ 0.00151800 LABCOIN
02:03 (S) 1323 @ 0.00152800 LABCOIN
02:03 (S) 1000 @ 0.00155000 LABCOIN
02:03 (S) 50 @ 0.00156000 LABCOIN
02:03 (S) 235 @ 0.00156200 LABCOIN
02:02 (S) 1000 @ 0.00160000 LABCOIN
02:01 (S) 9000 @ 0.00160000 LABCOIN
02:01 (S) 1000 @ 0.00160000 LABCOIN
02:01 (S) 10000 @ 0.00160000 LABCOIN
02:01 (S) 1184 @ 0.00160100 LABCOIN
02:01 (S) 58816 @ 0.00160100 LABCOIN
02:01 (S) 1184 @ 0.00160500 LABCOIN
02:00 (S) 4905 @ 0.00160500 LABCOIN
02:00 (S) 835 @ 0.00160600 LABCOIN
02:00 (S) 150 @ 0.00160700 LABCOIN
02:00 (S) 2216 @ 0.00160900 LABCOIN
02:00 (S) 1894 @ 0.00161100 LABCOIN

That's some I don't give a fuck get me out kinda liquidity hes taking

guilty here, There is to much insecurities on the ASICS front. Descided the risk weren't worth the potential gains. Leaving with a small profit is still beter than nothing.

matuszed

full member

Activity: 154

Merit: 100

Quote from: Vigil on August 04, 2013, 08:59:02 PM

Quote from: freedomno1 on August 04, 2013, 08:37:39 PM

Its actually kind of funny that the sell wall has a good 150 Bitcoin and the buy wall to 0.1887 has 40

This was earlier today I am talking about.

Edit: just now, there are buy orders at 1611 and someone is selling thousands of shares at 1600 and 1500 - about 100,000 shares.

2:06 (S) 425 @ 0.00151700 LABCOIN
02:06 (B) 70 @ 0.00161600 LABCOIN
02:05 (S) 7 @ 0.01507000 BTCGARDEN
02:03 (S) 2351 @ 0.00151600 LABCOIN
02:03 (S) 10000 @ 0.00151700 LABCOIN
02:03 (S) 2060 @ 0.00151800 LABCOIN
02:03 (S) 1323 @ 0.00152800 LABCOIN
02:03 (S) 1000 @ 0.00155000 LABCOIN
02:03 (S) 50 @ 0.00156000 LABCOIN
02:03 (S) 235 @ 0.00156200 LABCOIN
02:02 (S) 1000 @ 0.00160000 LABCOIN
02:01 (S) 9000 @ 0.00160000 LABCOIN
02:01 (S) 1000 @ 0.00160000 LABCOIN
02:01 (S) 10000 @ 0.00160000 LABCOIN
02:01 (S) 1184 @ 0.00160100 LABCOIN
02:01 (S) 58816 @ 0.00160100 LABCOIN
02:01 (S) 1184 @ 0.00160500 LABCOIN
02:00 (S) 4905 @ 0.00160500 LABCOIN
02:00 (S) 835 @ 0.00160600 LABCOIN
02:00 (S) 150 @ 0.00160700 LABCOIN
02:00 (S) 2216 @ 0.00160900 LABCOIN
02:00 (S) 1894 @ 0.00161100 LABCOIN

That's some I don't give a fuck get me out kinda liquidity hes taking

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: freedomno1 on August 04, 2013, 08:37:39 PM

Its actually kind of funny that the sell wall has a good 150 Bitcoin and the buy wall to 0.1887 has 40

This was earlier today I am talking about.

Edit: just now, there are buy orders at 1611 and someone is selling thousands of shares at 1600 and 1500 - about 100,000 shares.

2:06 (S) 425 @ 0.00151700 LABCOIN
02:06 (B) 70 @ 0.00161600 LABCOIN
02:05 (S) 7 @ 0.01507000 BTCGARDEN
02:03 (S) 2351 @ 0.00151600 LABCOIN
02:03 (S) 10000 @ 0.00151700 LABCOIN
02:03 (S) 2060 @ 0.00151800 LABCOIN
02:03 (S) 1323 @ 0.00152800 LABCOIN
02:03 (S) 1000 @ 0.00155000 LABCOIN
02:03 (S) 50 @ 0.00156000 LABCOIN
02:03 (S) 235 @ 0.00156200 LABCOIN
02:02 (S) 1000 @ 0.00160000 LABCOIN
02:01 (S) 9000 @ 0.00160000 LABCOIN
02:01 (S) 1000 @ 0.00160000 LABCOIN
02:01 (S) 10000 @ 0.00160000 LABCOIN
02:01 (S) 1184 @ 0.00160100 LABCOIN
02:01 (S) 58816 @ 0.00160100 LABCOIN
02:01 (S) 1184 @ 0.00160500 LABCOIN
02:00 (S) 4905 @ 0.00160500 LABCOIN
02:00 (S) 835 @ 0.00160600 LABCOIN
02:00 (S) 150 @ 0.00160700 LABCOIN
02:00 (S) 2216 @ 0.00160900 LABCOIN
02:00 (S) 1894 @ 0.00161100 LABCOIN

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Its actually kind of funny that the sell wall has a good 150 Bitcoin and the buy wall to 0.1887 has 40

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: Lohoris on August 04, 2013, 07:59:38 PM

Quote from: Vigil on August 04, 2013, 07:33:58 PM

Who is the a-hole over at BTC-TC who keeps shorting Labcoin? Someone is just dumping their shares and drove the price all the way down to .0016X. Ridiculous.

If someone wants to sell, he sells, and the value goes down.
If someone wants to sell but for some reason can't (people like you preventing him to do that with your magic a-hole power makeup), the price is inflated and doesn't reflect the real market value.
And fun thing is that if people for some reason couldn't sell their shares, those shares' value would be approximating 0, so it would be even lower than your desired inflated value.

They can sell them, people were willing to buy them higher than what they were sold for - hence, "Shorting". They were driving the price down, not simply selling shares to the highest bidder.

I'm not buying because I don't have anything free to buy because they drove the price down so quickly.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: Vigil on August 04, 2013, 07:37:07 PM

Quote from: matuszed on August 04, 2013, 07:35:15 PM

Quote from: Vigil on August 04, 2013, 07:33:58 PM

Who is the a-hole over at BTC-TC who keeps shorting Labcoin? Someone is just dumping their shares and drove the price all the way down to .0016X. Ridiculous.

Quick people still cashing out. I'll buy into this alll DAYYYY

Would be nice - I'm averaged at .0018 but they dumped so quick I couldn't break even after many gains. Guess I could transfer some funds and buy-up some more cheap. But don't want to have everything tied-up.

Double fun!

So, you are complaining people are selling, but you aren't buying.

srsly?

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: Vigil on August 04, 2013, 07:33:58 PM

Who is the a-hole over at BTC-TC who keeps shorting Labcoin? Someone is just dumping their shares and drove the price all the way down to .0016X. Ridiculous.

If someone wants to sell, he sells, and the value goes down.
If someone wants to sell but for some reason can't (people like you preventing him to do that with your magic a-hole power makeup), the price is inflated and doesn't reflect the real market value.
And fun thing is that if people for some reason couldn't sell their shares, those shares' value would be approximating 0, so it would be even lower than your desired inflated value.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: matuszed on August 04, 2013, 07:35:15 PM

Quote from: Vigil on August 04, 2013, 07:33:58 PM

Who is the a-hole over at BTC-TC who keeps shorting Labcoin? Someone is just dumping their shares and drove the price all the way down to .0016X. Ridiculous.

Quick people still cashing out. I'll buy into this alll DAYYYY

Would be nice - I'm averaged at .0018 but they dumped so quick I couldn't break even after many gains. Guess I could transfer some funds and buy-up some more cheap. But don't want to have everything tied-up.

matuszed

full member

Activity: 154

Merit: 100

Quote from: Vigil on August 04, 2013, 07:33:58 PM

Who is the a-hole over at BTC-TC who keeps shorting Labcoin? Someone is just dumping their shares and drove the price all the way down to .0016X. Ridiculous.

Quick people still cashing out. I'll buy into this alll DAYYYY

Vigil

sr. member

Activity: 378

Merit: 250

Who is the a-hole over at BTC-TC who keeps shorting Labcoin? Someone is just dumping their shares and drove the price all the way down to .0016X. Ridiculous.

ajk

donator

Activity: 447

Merit: 250

Lol. I appreciate you agreeing with me however your opinion goes valueless when you put a numeric value on it..

oxideNL

member

Activity: 82

Merit: 10

Quote from: ajk on August 03, 2013, 11:49:43 AM

I just think its cute how when some people miss out on the boat instead of just accepting reality and making the proper move they try to spoil the fun for the other people who got to benefit, We call these people Party Poopers

I remember when I found out about AsicMiner the price was about 1.8 and I was so pissed that I was on the forums but not the securities section and didnt get a chance to purchase at the IPO of .1

Instead of crying I manned up and pulled out a whole shitton of cold storage coins and made gigantic bets at those levels and came out fairly on top considering that its doubled from 1.8 and I put in a big 6 figure number,

Perhaps we believe in different methods of attaining wealth, some believe that someone has to be negatively affected in order for you to benefit while I believe in the opposite, I enjoy taking large positions and then having others take the same position in sound investments so that we can grow together, Maybe its cause I believe in karma and philanthropy but it just makes you look like an arrogant person who gets emotional in a game where you need to be Emotionless.

Whatever do what you guys want to do all I can say is that it makes you look bad

Exactly.
Your the kind of trader i like

_{*misinterpreted joke, which wasn't that good anyhow}

GIANNAT

legendary

Activity: 1038

Merit: 1000

Bitcoin entrepreneur and Pro Trader

Is LABCOIN planning to sell batch of chips like Avalon did?

dadaguo

newbie

Activity: 21

Merit: 0

Quote from: labcoin on August 03, 2013, 10:46:19 AM

Quote from: Luckybit on August 03, 2013, 04:11:54 AM

Quote from: TheSwede75 on August 02, 2013, 03:39:42 PM

Quote from: twentyseventy on August 02, 2013, 03:34:24 PM

Quote from: ThickAsThieves on August 02, 2013, 02:20:40 PM

Bingo! The shares should not have been rendered. What incentive does the company have to work at all if they can just sell all their own shares?

Come on, TAT. Plenty of companies have founders that are able to sell their shares. Larry and Sergey didn't cash everything out when Google IPO'd, did te

Labcoin has been posting on the Mining forum for a while and they've got a strong incentive to make more money off of the appreciation of their shares than to sell now.

Though I don't think the Labcoin team are quite comparing themselves to Google ( Yet Tongue

) this is the way they see it. That said, I will talk to Sam about some form of solution that allows for more transparency when it comes to the Founder shares.

I have a question for the Labcoin team which many others probably would like the answer to as well. What are is the first year's forecast profit range? Can we have at least an indication on how much these shares could be worth so that we resist pressure to sell?

We did not sell any part of our stake in the company and we are open to audits on the account where founder shares are stored.
It's very likely that share price will rise in the near future, as we bring online our mining farm.
It's kind of hard to make forecasts about the first year profit as there are still too many unknow variables, for now we're focusing on bringing gradually our first 30-50 Terahash/s online, we plan to complete this goal within October 2013. Chip batches and finished mining Hardware sales will follow shortly.

But you shoud do something to protect or make your shareholders to believe that invest your company is good,can make some profit in the near futhuer

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 831. (Read 1079974 times)