not just you, I am having difficulty as well
We did it guys. We killed the website.
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 883. (Read 1079974 times)
July 31, 2013, 12:40:07 PM
We did it guys. We killed the website.
July 31, 2013, 12:39:48 PM
I'm having problem accessing BTCT.CO.
is it just me?
is it just me?
yeah, it shows offline/cloudflare for me as well. lol.
July 31, 2013, 12:38:56 PM
not just you, I am having difficulty as well
July 31, 2013, 12:37:58 PM
while possible this cant be the overall case for everybody, we could avoid all this mess if the shares were all just released at once at the stated time and then let the market naturally figure out its price, now we have people setting bids over the IPO price which will be taken.. Obviously what company is going to say no to free money... whatever I dont really care hope we see 5x and I can buy something nice later
I don't think you understand how this is going to work as no one will pay over the IPO price. Best to scroll back up to read Burnside's post.
Yes, read Burnsides post. Until open trading starts there is no "point" in submitting orders over IPO price as share distribution will be made evenly across all order of IPO price or higher, at the IPO price.
In short: to maximize your chances of largest possible share allotment you should place an order at IPO price before cut-off time.
When public trading starts all share holders can place sell/buy orders just like with any security and the market will decide the price.
July 31, 2013, 12:37:35 PM
I'm having problem accessing BTCT.CO.
is it just me?
is it just me?
July 31, 2013, 12:37:03 PM
I also agree that the shares should all be released at the time stated, or I guess just put up a 300K Buy wall at .001,
If not release all the shares at once why not just let everyone put bids at .001 and just take them all? whats the point of releasing the shares again at 9PM for the exact same price?
If not release all the shares at once why not just let everyone put bids at .001 and just take them all? whats the point of releasing the shares again at 9PM for the exact same price?
The shares (all 7 million) will be released for TRADING on the open market (The owners of shares can then trade) at 8 pm CST. The reason for the cut-off is to give Ethan Time to distribute the shares at IPO price according to the plan stated. After the shares are released for trading we will have no control over the pricing and the market will set price.
This is a fairly coming practice in IPO's and is the most used alternative to a closed or open bidding process.
Hear, hear.
July 31, 2013, 12:36:37 PM
Ok well this is just a bit confusing and could have been cleaner had the shares all been released at once instead of taking orders before a certain time, Its not my company so do whatever you guys think will work best im just here to ride the waves
July 31, 2013, 12:36:07 PM
I also agree that the shares should all be released at the time stated, or I guess just put up a 300K Buy wall at .001,
If not release all the shares at once why not just let everyone put bids at .001 and just take them all? whats the point of releasing the shares again at 9PM for the exact same price?
If not release all the shares at once why not just let everyone put bids at .001 and just take them all? whats the point of releasing the shares again at 9PM for the exact same price?
The shares (all 7 million) will be released for TRADING on the open market (The owners of shares can then trade) at 8 pm CST. The reason for the cut-off is to give Ethan Time to distribute the shares at IPO price according to the plan stated. After the shares are released for trading we will have no control over the pricing and the market will set price.
This is a fairly coming practice in IPO's and is the most used alternative to a closed or open bidding process.
14M / 7M = 2
What is I buy 1 share?
1 / 2 = 0.5 share?
If its going to be 1 share, then I can buy multiple 1 share.
So this should be group by users not by orders.
July 31, 2013, 12:34:00 PM
I also agree that the shares should all be released at the time stated, or I guess just put up a 300K Buy wall at .001,
If not release all the shares at once why not just let everyone put bids at .001 and just take them all? whats the point of releasing the shares again at 9PM for the exact same price?
If not release all the shares at once why not just let everyone put bids at .001 and just take them all? whats the point of releasing the shares again at 9PM for the exact same price?
The shares (all 7 million) will be released for TRADING on the open market (The owners of shares can then trade) at 8 pm CST. The reason for the cut-off is to give Ethan Time to distribute the shares at IPO price according to the plan stated. After the shares are released for trading we will have no control over the pricing and the market will set price.
This is a fairly coming practice in IPO's and is the most used alternative to a closed or open bidding process.
July 31, 2013, 12:33:57 PM
So If I bid for a single share at 1 Btc it doesn't matter? The value will average out and I will receive many more shares at the average price everyone is paying?
July 31, 2013, 12:33:47 PM
This is a conspiracy! This is unfair.
At first, you say it's 8pm central time, then you change it to 3pm central time while the whole Asia is in their sleep.
It will hurt BTCT's reputation.
At first, you say it's 8pm central time, then you change it to 3pm central time while the whole Asia is in their sleep.
It will hurt BTCT's reputation.
Damn we are so concern about America and Europe that we forgot Asia.
July 31, 2013, 12:33:26 PM
What dont I understand, time for bids are cutoff at 4 PM, everything below IPO price is thrown out everything above is taken
July 31, 2013, 12:32:58 PM
14 million shares, so at this point everyone will only get half off the shares right?
correct.
July 31, 2013, 12:31:52 PM
while possible this cant be the overall case for everybody, we could avoid all this mess if the shares were all just released at once at the stated time and then let the market naturally figure out its price, now we have people setting bids over the IPO price which will be taken.. Obviously what company is going to say no to free money... whatever I dont really care hope we see 5x and I can buy something nice later
I don't think you understand how this is going to work as no one will pay over the IPO price. Best to scroll back up to read Burnside's post.
July 31, 2013, 12:31:13 PM
This is a conspiracy! This is unfair.
At first, you say it's 8pm central time, then you change it to 3pm central time while the whole Asia is in their sleep.
It will hurt BTCT's reputation.
At first, you say it's 8pm central time, then you change it to 3pm central time while the whole Asia is in their sleep.
It will hurt BTCT's reputation.
July 31, 2013, 12:31:08 PM
14 million shares, so at this point everyone will only get half off the shares right?
July 31, 2013, 12:28:54 PM
why are there so many bids above .001.. I even see someone with an order at .02 ? can I ask why??? do you like overpaying for things?
most likely they are offline so they couldnt be informed about the IPO
while possible this cant be the overall case for everybody, we could avoid all this mess if the shares were all just released at once at the stated time and then let the market naturally figure out its price, now we have people setting bids over the IPO price which will be taken.. Obviously what company is going to say no to free money... whatever I dont really care hope we see 5x and I can buy something nice later
July 31, 2013, 12:28:35 PM
why are there so many bids above .001.. I even see someone with an order at .02 ? can I ask why??? do you like overpaying for things?
Probably bids put in prior to the clarification of the IPO process. This has been going on for almost 12 hours so I'm sure some people passed out from exhaustion and haven't had time to catch up on the latest.
July 31, 2013, 12:28:03 PM
Wednesdays are already full days for me with ASICMINER-PT related duties and my day job. So please be patient today. Responses to customer service and related requests will unfortunately be delayed significantly so that I can write and test all the code necessary to execute the plan above.
I would like to send you a tip for the extra work this is causing you. Could you please post an address?
Really (really) not necessary. But the sentiment is most certainly appreciated.
July 31, 2013, 12:27:23 PM
why are there so many bids above .001.. I even see someone with an order at .02 ? can I ask why??? do you like overpaying for things?
most likely they are offline so they couldnt be informed about the IPO
There is enough people online to double the shares at IPO.
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