[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 901.

tucenaber

sr. member

Activity: 337

Merit: 252

Quote from: E.Sam on July 31, 2013, 06:40:03 AM

@tucenaber

Quote from: burnside on July 31, 2013, 03:45:58 AM

There is nothing special about the initial ask an issuer makes in their IPO. Thus the bids will get filled auction style, first by price, then at each price by whomever got their order in soonest.

I understand there are questions around the fairness of this, but I don't have time to rewrite anything special.

It seems to me that this method of filling the ask is in the best interest of the company filling the IPO anyway?

Cheers.

Ouch! That means a bidding war. What about the deadline? That will be very important to keep track of.

reactor

sr. member

Activity: 420

Merit: 250

Yup, so when most folks are waking up you can't even get a bid in despite the IPO opening "during US business hours". All literally happened in the 4.5 hours I was asleep, damn.

[Edit] Yeah, weird, accidentally left autorefreshplus on the page and suddenly Buy opened up for pre-buy. No clue if this is determined by price or by first-in, stuck myself in the middle somewhere.

huhai0978

member

Activity: 68

Merit: 10

Quote from: tucenaber on July 31, 2013, 06:36:59 AM

Can someone tell me where I can read about the procedure for distributing the shares among the bidders? I don't understand how this IPO will work.

And when is the deadline?

+1

E.Sam

sr. member

Activity: 393

Merit: 250

@tucenaber

Quote from: burnside on July 31, 2013, 03:45:58 AM

There is nothing special about the initial ask an issuer makes in their IPO. Thus the bids will get filled auction style, first by price, then at each price by whomever got their order in soonest.

I understand there are questions around the fairness of this, but I don't have time to rewrite anything special.

It seems to me that this method of filling the ask is in the best interest of the company filling the IPO anyway?

Cheers.

E.Sam

sr. member

Activity: 393

Merit: 250

Quote from: medicine on July 31, 2013, 06:30:50 AM

your missing something. Step-by-step: log in, have funds in your account, enter the correct information including your pin #, press place bid button.
Are you getting an error message?

No, couldn't enter any numbers in buy order - just had to refresh page a few times. Thanks though!

tucenaber

sr. member

Activity: 337

Merit: 252

Can someone tell me where I can read about the procedure for distributing the shares among the bidders? I don't understand how this IPO will work.

And when is the deadline?

bobboooiie

hero member

Activity: 656

Merit: 500

Quote from: E.Sam on July 31, 2013, 06:26:45 AM

Is there a reason why we cannot place any buy order? or am I missing something?

EDIT: I was missing something....

Tried to put 1 bid on share into order book for you and it works, so you are missing something

medicine

hero member

Activity: 697

Merit: 501

your missing something. Step-by-step: log in, have funds in your account, enter the correct information including your pin #, press place bid button.
Are you getting an error message?

E.Sam

sr. member

Activity: 393

Merit: 250

Is there a reason why we cannot place any buy order? or am I missing something?

EDIT: I was missing something....

MonkeyMarcel

member

Activity: 97

Merit: 10

Quote from: dexX7 on July 31, 2013, 05:37:01 AM

Quote from: Mabsark on July 31, 2013, 05:20:10 AM

What exactly is supposed to be smart about investing in an asset with a price destined to decrease rather than assets with the potential for 10x and 100x increases?

The idea behind this is to be one step ahead. While everyone is buying LABCOIN other shares are cheaper. When LABCOIN is high and people begin to cash out and invest in other shares, you may want to be in the position already holding them.

Bump. I did not manage to sell my ACTM shares in the high time, and now I cannot buy Labcoin. I was thinking: "Don't be greedy, you made 400% in 2 weeks, sell!".

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

Quote from: sayaz on July 31, 2013, 05:30:31 AM

Not to discredit the potential of Labcoin, but the community response to this IPO reminds me an awful lot of behaviour in the alt coin forum when a new coin pops up... especially the likes of feathercoin and chinacoin

Alt coin behavior is spreading. You should see the ActiveMining price manipulation lately, especially on BitFunder.

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: Mabsark on July 31, 2013, 05:20:10 AM

What exactly is supposed to be smart about investing in an asset with a price destined to decrease rather than assets with the potential for 10x and 100x increases?

The idea behind this is to be one step ahead. While everyone is buying LABCOIN other shares are cheaper. When LABCOIN is high and people begin to cash out and invest in other shares, you may want to be in the position already holding them.

Quote from: sayaz on July 31, 2013, 05:30:31 AM

Not to discredit the potential of Labcoin, but the community response to this IPO reminds me an awful lot of behaviour in the alt coin forum when a new coin pops up... especially the likes of feathercoin and chinacoin

It is not predicatable when the approval votes come in and thus the issuer would have to be 24/7 ready. Well,.. and I think such a high demand wasn't predictable either. Or let me rephrase: this is (imho) the first time, something like this happend in such a degree. Cheesy

sayaz

member

Activity: 119

Merit: 10

Not to discredit the potential of Labcoin, but the community response to this IPO reminds me an awful lot of behaviour in the alt coin forum when a new coin pops up... especially the likes of feathercoin and chinacoin

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: klee on July 31, 2013, 04:42:52 AM

Quote from: Mabsark on July 31, 2013, 04:42:00 AM

Quote from: ThickAsThieves on July 31, 2013, 04:31:59 AM

Survey: As an individual, what do you most like about LabCoin?

The potential for 10,000% ROI.

What exactly are you confused about?

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: vesper39 on July 31, 2013, 05:05:33 AM

This security is causing both ActM and AM to crash as people move their funds from one security to another. I think the smarter move may be to invest in AM/ActM while everyone else does the opposite and fights for IPO shares Shocked

What exactly is supposed to be smart about investing in an asset with a price destined to decrease rather than assets with the potential for 10x and 100x increases?

ActM is still a good investment, but AM has hit its peak and will drop back into the 3.x range due to competition.

Kiaya

newbie

Activity: 33

Merit: 0

Quote from: TsuyokuNaritai on July 31, 2013, 04:51:55 AM

Quote from: Kiaya on July 31, 2013, 04:46:39 AM

Just broke the 7m mark.

Not at & above the IPO price, yet. Satoshi bids don't count.

True, I think this just happened a few moments ago.

hf

member

Activity: 98

Merit: 10

there will be no fucking vegetables

Quote from: freedomno1 on July 31, 2013, 04:43:59 AM

Quote from: ThickAsThieves on July 31, 2013, 04:31:59 AM

Survey: As an individual, what do you most like about LabCoin?

AM has been starting to see a bunch of possible competitors if one of the set succeeds the valuation of the subgroup will need to be re-evaluated what company it will be is not certain however it is important to keep track of them all.

EDIT: What do I most like about Labcoin should reply to that well if they can hash it will bring about interesting changes in the bitcoin market and petahashing will be possible soon.

Congratulation, you just won an Apnea Award™.

vesper39

member

Activity: 114

Merit: 10

This security is causing both ActM and AM to crash as people move their funds from one security to another. I think the smarter move may be to invest in AM/ActM while everyone else does the opposite and fights for IPO shares Shocked

yxxyun

member

Activity: 99

Merit: 10

Quote from: eve on July 31, 2013, 04:56:49 AM

pretty surprising respond, a couple of deep pockets : 3652728    0.001000? 985280    0.001005?

5    0.020000
4444    0.001440
4    0.001212
700    0.001190
3450    0.001113
3333    0.001112
5000    0.001110
3000    0.001101
10851    0.001100
1000    0.001090
500    0.001088
2000    0.001020
4000    0.001013
5000    0.001012
200000    0.001011
73670    0.001010
138476    0.001009
388296    0.001008
92953    0.001007
225260    0.001006
985280    0.001005
5000    0.001004
78750    0.001003
185375    0.001002
465342    0.001001
3652728    0.001000
1175    0.0008000
1000    0.0007500
1000    0.0006000
5000    0.0005000
10000    0.0004000
5000    0.0003000
210059    0.0001000
200000    0.00001300
236700    0.00001000

I do not like this.

ChefBorjan

full member

Activity: 148

Merit: 100

Thanks for the correction all. I will keep an eye on BTC-TC, and I'll dig through this thread to check when the asks are timed for release.

Would have been nice to have bids frozen before the asks released, but from LabCoins perspective this is going to be great for them. In any case, like others I think this is going to be very interesting... the bubble might hit before the IPO is even out, and the trick is to buy shares once it crashes after opening... hmm.. decisions...

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 901. (Read 1079974 times)