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Title: This is what is awesome about speculation Post by: smoothie on April 12, 2013, 12:54:27 AM :D :D :D
Title: Re: This is what is awesome about speculation Post by: ElectricMucus on April 12, 2013, 12:57:03 AM If you didn't sell any you are sitting on paper profits though.
Title: Re: This is what is awesome about speculation Post by: yvv on April 12, 2013, 01:00:16 AM What an idiot you are! (sorry for my french)
Title: Re: This is what is awesome about speculation Post by: BitcoinAshley on April 12, 2013, 01:01:56 AM I've wondered why Litecoin fell to sub-$2 after hovering up around $3-4+ for a while. It doesn't make sense to me. Even bitcoin newbs should think to sell at least SOME of their BTC into alt-coins rather than entirely fiat. And the Gox situation does not affect LTC one bit so why should LTCers should have dumped for USD when bitcoin was falling?
Is it just a case of really stupid investors? Even we accept that LTC might not be a "safe" place to pump full of BTC during a Goxcrash, at the very least, LTC holders shouldn't have sold as the Gox issue doesn't really affect LTC, and BTC falling just means you can buy more BTC with your LTC... UNLESS... the demographics of alt-coins are such that the users tend to be more bullish in regards to Bitcoin's long-term success, so when it crashed, they saw the opportunity to buy tons of super-cheap bitcoins with their LTC. That is a more likely explanation. So, when BTC starts going up again, expect LTC to rise as well as those who bought cheap bitcoins with their litecoins will re-diversify and make a fortune :mrburnshands: Title: Re: This is what is awesome about speculation Post by: BitcoinAshley on April 12, 2013, 01:03:55 AM If you didn't sell any you are sitting on paper profits though. If I didn't sell any? Oh I sold some in person for hard assets. Paper profits come when you sell for fiat. I think your statement above is misworded? I think by "paper profits" he is referring to profits on paper only. As in, unrealized profits. Potential profits. Then again, if you consider bitcoin a quasi-commodity having features of both fiat currency and a commodity, you can certainly consider them as real profits. Title: Re: This is what is awesome about speculation Post by: proudhon on April 12, 2013, 01:04:01 AM Even if the price went to $2.50 I would have still made 800% on my initial investment. Litecoins FTW! You can do the math on how much percent profit I am in now. :D :D :D Yay for smoothie! He'll be ok everyone. smoothie hasn't lost any money! http://i49.tinypic.com/2hi5wch.gif Title: Re: This is what is awesome about speculation Post by: ElectricMucus on April 12, 2013, 01:04:08 AM If you didn't sell any you are sitting on paper profits though. If I didn't sell any? Oh I sold some in person for hard assets. Paper profits come when you sell for fiat. I think your statement above is misworded? Oh my I expected better. Title: Re: This is what is awesome about speculation Post by: smoothie on April 12, 2013, 01:06:31 AM If you didn't sell any you are sitting on paper profits though. If I didn't sell any? Oh I sold some in person for hard assets. Paper profits come when you sell for fiat. I think your statement above is misworded? Oh my I expected better. LOL was that you trolling? Haha I didnt even pick up on that one. But okay....how was it trolling? lol Title: Re: This is what is awesome about speculation Post by: Blindfolded on April 12, 2013, 01:12:34 AM If you didn't sell any you are sitting on paper profits though. If I didn't sell any? Oh I sold some in person for hard assets. Paper profits come when you sell for fiat. I think your statement above is misworded? I think by "paper profits" he is referring to profits on paper only. As in, unrealized profits. Potential profits. Then again, if you consider bitcoin a quasi-commodity having features of both fiat currency and a commodity, you can certainly consider them as real profits. Well when you have local investors offering you 6 figures in cash for your btc I think that is REALIZED gains. I just choose not to sell at these stupid low prices. lol Did you sell sub $100? Thats what im going to say.....On the day that I trade a house for a slip of paper with QR codes on it. Title: Re: This is what is awesome about speculation Post by: RyNinDaCleM on April 12, 2013, 01:13:43 AM I've wondered why Litecoin fell to sub-$2 after hovering up around $3-4+ for a while. It doesn't make sense to me. Even bitcoin newbs should think to sell at least SOME of their BTC into alt-coins rather than entirely fiat. And the Gox situation does not affect LTC one bit so why should LTCers should have dumped for USD when bitcoin was falling? Is it just a case of really stupid investors? Even we accept that LTC might not be a "safe" place to pump full of BTC during a Goxcrash, at the very least, LTC holders shouldn't have sold as the Gox issue doesn't really affect LTC, and BTC falling just means you can buy more BTC with your LTC... UNLESS... the demographics of alt-coins are such that the users tend to be more bullish in regards to Bitcoin's long-term success, so when it crashed, they saw the opportunity to buy tons of super-cheap bitcoins with their LTC. That is a more likely explanation. So, when BTC starts going up again, expect LTC to rise as well as those who bought cheap bitcoins with their litecoins will re-diversify and make a fortune :mrburnshands: LTC was due for it's own correction. It just happened to coincide with the Bitcoin correction. LTC/BTC has held pretty well compared to LTC/USD https://i.imgur.com/effvxXZ.png Sorry for the old pic, but you know what happened in the last 24hrs Title: Re: This is what is awesome about speculation Post by: ElectricMucus on April 12, 2013, 01:13:57 AM LOL was that you trolling? Haha I didnt even pick up on that one. But okay....how was it trolling? lol No I am serious, I wouldn't expect any of the Bitcoiners to get it. But you've spent more than enough time on altcoins check that what matters is valuation in terms of fiat money till the time of which items are _priced_ in coins. If Bitcoin goes bust drags Litecoin along with it you are wasted just like everybody else. Title: Re: This is what is awesome about speculation Post by: Crypt_Current on April 12, 2013, 01:14:04 AM the trolls trolling trollingest trolls trolling other trollerier than thou trollier troll troll thread
Title: Re: This is what is awesome about speculation Post by: HappyBitCoinUser on April 12, 2013, 01:15:53 AM I've wondered why Litecoin fell to sub-$2 after hovering up around $3-4+ for a while. It doesn't make sense to me. Even bitcoin newbs should think to sell at least SOME of their BTC into alt-coins rather than entirely fiat. And the Gox situation does not affect LTC one bit so why should LTCers should have dumped for USD when bitcoin was falling? Is it just a case of really stupid investors? Even we accept that LTC might not be a "safe" place to pump full of BTC during a Goxcrash, at the very least, LTC holders shouldn't have sold as the Gox issue doesn't really affect LTC, and BTC falling just means you can buy more BTC with your LTC... UNLESS... the demographics of alt-coins are such that the users tend to be more bullish in regards to Bitcoin's long-term success, so when it crashed, they saw the opportunity to buy tons of super-cheap bitcoins with their LTC. That is a more likely explanation. So, when BTC starts going up again, expect LTC to rise as well as those who bought cheap bitcoins with their litecoins will re-diversify and make a fortune :mrburnshands: LTC was due for it's own correction. It just happened to coincide with the Bitcoin correction. LTC/BTC has held pretty well compared to LTC/USD https://i.imgur.com/effvxXZ.png Sorry for the old pic, but you know what happened in the last 24hrs Those screenshots like like the what, 1970's arcade space games, astroids or something? Makes me wanna start up some emu's to play old arcade games :) Title: Re: This is what is awesome about speculation Post by: Crypt_Current on April 12, 2013, 01:15:56 AM the trolls trolling trollingest trolls trolling other trollerier than thou trollier troll troll thread wait n/m just saw ryan's contrib. thread has substance. Title: Re: This is what is awesome about speculation Post by: Crypt_Current on April 12, 2013, 01:16:58 AM I've wondered why Litecoin fell to sub-$2 after hovering up around $3-4+ for a while. It doesn't make sense to me. Even bitcoin newbs should think to sell at least SOME of their BTC into alt-coins rather than entirely fiat. And the Gox situation does not affect LTC one bit so why should LTCers should have dumped for USD when bitcoin was falling? Is it just a case of really stupid investors? Even we accept that LTC might not be a "safe" place to pump full of BTC during a Goxcrash, at the very least, LTC holders shouldn't have sold as the Gox issue doesn't really affect LTC, and BTC falling just means you can buy more BTC with your LTC... UNLESS... the demographics of alt-coins are such that the users tend to be more bullish in regards to Bitcoin's long-term success, so when it crashed, they saw the opportunity to buy tons of super-cheap bitcoins with their LTC. That is a more likely explanation. So, when BTC starts going up again, expect LTC to rise as well as those who bought cheap bitcoins with their litecoins will re-diversify and make a fortune :mrburnshands: LTC was due for it's own correction. It just happened to coincide with the Bitcoin correction. LTC/BTC has held pretty well compared to LTC/USD https://i.imgur.com/effvxXZ.png Sorry for the old pic, but you know what happened in the last 24hrs Those screenshots like like the what, 1970's arcade space games, astroids or something? Makes me wanna start up some emu's to play old arcade games :) Missile Command is best The all-time high score was beat just a few weeks ago... Title: Re: This is what is awesome about speculation Post by: nobbynobbynoob on April 12, 2013, 01:17:42 AM Yes, LTC/BTC cross has been surprisingly stable. It's also interesting that the LTC/BTC price ratio is similar to that of silver/gold - a self-fulfilling prophetic cliché?
Title: Re: This is what is awesome about speculation Post by: Blindfolded on April 12, 2013, 01:20:59 AM OHHHH its Missile Command! i was like WTF is this thing?!?!
??? Title: Re: This is what is awesome about speculation Post by: seleme on April 12, 2013, 01:25:32 AM LTC is completely tied to BTC in last few days. When BTC is crashing, LTC is crashing too and BTC/LTC exchange stays same.
Title: Re: This is what is awesome about speculation Post by: nobbynobbynoob on April 12, 2013, 01:29:07 AM LTC is completely tied to BTC in last few days. When BTC is crashing, LTC is crashing too and BTC/LTC exchange stays same. It's due to me I tell ya! ;D It must be, 'cause I was arbitraging the living headlights (thanks Fisher Stevens) out of the LTC/BTC cross during the two recent LTC bubble-ups, profiting somewhat in the process. Others had similar ideas; I even watched a guy on YouTube discussing this exact thing for 20+ minutes. OTOH I generally don't speculate on the BTC/fiat crosses, which does mean I missed out on an opportunity to sell before the recent crash and buy back in lower, but hindsight is the B word, speculating being so easy when you can see the graph to the right as well as to the left. Title: Re: This is what is awesome about speculation Post by: Blindfolded on April 12, 2013, 01:38:35 AM LTC is completely tied to BTC in last few days. When BTC is crashing, LTC is crashing too and BTC/LTC exchange stays same. It's due to me I tell ya! ;D It must be, 'cause I was arbitraging the living headlights (thanks Fisher Stevens) out of the LTC/BTC cross during the two recent LTC bubble-ups, profiting somewhat in the process. Others had similar ideas; I even watched a guy on YouTube discussing this exact thing for 20+ minutes. OTOH I generally don't speculate on the BTC/fiat crosses, which does mean I missed out on an opportunity to sell before the recent crash and buy back in lower, but hindsight is the B word, speculating being so easy when you can see the graph to the right as well as to the left. I wish i could see further right. |
