Bitcoin Forum

Haven't seen any posts regarding this, do you guys think LTC will be on Gox by the end of April and where do you see the price going?

if it will be on gox, in week it will go up about 100% i think :)
But i didnt saw any news about LTC in mtgox.

LTC still seems to be heading to Gox. I would not be surprised if we saw it bubble to $10. We may have enough people waiting to cash out LTC on Gox that it keeps the price down. Anyway, I only started mining as a hobby so I'm very happy with the price, then again that hobby has now somewhat become my life.

Mining can be very addictive ;D

(especially when it ends up making money for new toys (GPU's) and beer)

ya.. ok so it seems like everyone here just wants it to go on gox and dump it for more money.
so gox alone makes the value of the coins go up/

100%? When the rumors started the price already went from $0,80 to $5,50 for a few days...

GOX recipe for quick wad of pocket cash:

1) receive initial inquiries about LTC on GOX. Ignore them

2) Buy cheap LTC

3) Answer further inquiries regarding LTC on GOX with optimistic non-committal non-answers along the lines of "eventually" and "details will be published at a latter date", inducing buy hysteria

4) sell LTC for BTC on other exchanges right into the huge buywave

5) PROFIT!!!

 ;D

Not strictly true, Litecoin broke $1 quite a few hours before the gox news surfaced, I was on btc-e.com when it happened and when it broke $1 it went on a mini-bull run independently of the mtgox news. Then of course later that day the mtgox news surfaced and it gave it a ridiculous boost.

EXACTLY :DDD

It seems like it's in the pipeline but they have just been delayed with other things. That ticker is pretty good evidence (along with their own announcements) that something LTC/NMC is in the works.

I actually suspect the price might take an incredible dive at first. People dumping like no tomorrow- there will be a lot of LTC coming in from the cold..wallets. So it's gonna be mighty liquid.

I tweeted GOX again about LTC and this was their reply:

Hello,

There are plans to implement other crypto-currencies in the future, Currently we don't have any time frame. However none of these are currently confirmed. We will post an announcement once this is available.

May 14, 2013 22:38
Alex Support
Support Desk

It's gone from vague to disheartening. Previously they said, "soon" now they say "We don't have any time frame" in addition to "None of these are currently confirmed."  :'(

If you doubt the veracity of this, tweet them yourselves.

This is pretty fishy... There was a very clear announcement of gox that they will add ltc soon and now they act like nothing was promised...

At one point they promised "2 weeks" which then slipped to "soon" which then changed to "we don't have any time frame".

But to be honest they should just come out and say what is up. I understand if the lawsuit and stuff is slowing them down, but to just slowely let us down (and the market) is not cool. You either are or you aren't. But now this in my mind is a clear "not any time soon" or "no".

seems like they want to, but are getting delayed.

here's how i interpret this situation:

they're going to put it off and put it off while they work on making their site work well, and fighting this lawsuit.

people are going to give up on the whole ltc on gox thing and cash out their ltc stacks, dropping the price.

gox is FINALLY going to get around to putting ltc up, and millions of new eyes are going to drive the price up.

so far I dont mind this turn of events.

I think that's exactly the point- all we can do is try to 'interpret' the situation. If the truth is that Gox WILL do LTC, then you damn well know someone at the company knows this and could easily be buying up as much LTC at other exchanges as they possible can. It's not nice to leave us in such a limbo when GOX was once the pride of the community.

Wake up, it is nothing more than a LTC price manipulation by mtgox, they probably made 10X on their money by creating this rumor. You think a real company would announce something like "we will add support for LTC", and then 45 days later nothing has happened? This episode will be forgotten soon enough, while LTC price slowly slip back into pre-bubble levels.

For what our opinions are worth, I believe Gox truly does intend to add LTC to their site.  I don't think they are lying just to make some short term profit on LTC.  Let's just wait and see.

Apparently you are unfamiliar with the term "GOXED". Definition: Being effectively fooled and/or trolled repeatedly by mtgox.
http://www.urbandictionary.com/define.php?term=goxed

I am familiar and yet I still seem to fall for the same old trap.

Ha ha ha ok touche.  Of course no one can be certain.

also, have you thinked that maybe gox will launch first nmc?

It's a posibility... cause they already have the api ticker, and maybe will try first with nmc then will go with ltc...

Is sure, that they eill launch nmc and ltc... when, we don't know, i think will be 2 or 3 weeks after the release of the new trade system... cause i don't think they're going to stress the actual.

So, espect the release in one month or two months from now.

Well as if GOX didn't need more bad news, their accounts have been seized in the US by Homeland Security. I think it's safe to say- we won't be seeing LTC anytime soon. Homeland security plus the Coinbase lawsuit is going to put this pretty far back on the priority list.

Giving the answer on your question is some kind of insider trading and invitation for ltc price rally, it would be strange (and it was before) that they confirmed anything.

stupid troll thread title

Source plox.

Looks like DHS seized Dwolla's funds associated with Mt. Gox.

Yes but not actually any of Mt.Gox's assets if i see this correctly.

Has the war on cryptocurrency begun already?

HUGE LIES!!! I truly think that you should loose some of your gold stars for this fraudulent post. Unless you have a source, I have looked and seen nothing regarding the seizing of funds on gox....

http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/

and -- http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/

Anyway, fuck Mt Gox. BTC-e has 10 times it's functionality.

you didn't look very hard I guess.   www.google.com/news -> SEARCH BITCOIN or GOX  it comes up first post.

Sorry for not sourcing the link, I guess I just assumed everyone knew the biggest story of the moment. It's everywhere at the moment. Even the MtGox Facebook page.

http://betabeat.com/2013/05/department-of-homeland-security-shuts-down-dwolla-payments-to-and-from-mt-gox/

I think if anything it will come sooner rather than later, its a huge amount of money for them to leave on the table by delaying it further.

I would take 2-1 on bets that it will come before July 1st, and also that the price will be above $5 within 1 month of that happening.

They probably realized they needed a few hundred thousand more LTC before doing this, but they need to buy slowly, so it takes time.

LOL! First you go mad and accuse him to be a lier and now as it is confirmed to be correct you arent even capable to apologize yourself?

Would you be willing to bet in LTC?

Also, would you do escrow with John K?

Edit: Sent you a PM

ditto on those bet questions.
also, 'the price will be above $5 within 1 month of that happening' - how long does the price have to be above $5? (a day, a week? i.e. not a transient spike)

Until end of April surely not, may be not even this year.

So! Now that it seems MtGox might have committed a crime (misrepresented information about their bank account to the government- if you want a source just check the bitcoin discussion part of the forum, it's all there) how close to zero do people think are the chances of LTC getting added now?

It's not really a time to be happy or to prove to be right, it's very serious situation for cryptocurrency in general. If BTC and LTC crash heavily, the whole crypto community will.

BTC != LTC. LTC crashing won't affect BTC. 

Either way- cheap coins?

Yeah, but Im asking to adjust the timeframe to August 1st due to Gox's massive problems of late. And yes, it just has to spike over $5 for a second.

I still think its a good bet, but Im not betting hundreds of LTC, maybe a few dozen for fun, because I love gambling and I think Gox stands to make a ton of profit by adding LTC... PM me.

I wasn't aware of the bet, but I think adjusting it by a month probably won't fly with the bettor. However, I'd be curious to know...

At least one 50 LTC bet is on, I think we are starting a thread in the gambling subforum. Should be fun. GL to all, especially Gox!!!  ;D

I checked for a reply for while, then didn't see you'd come back. I'd also still bet 50ltc on your original terms, even with a spike to $5 on gox. I won't (and can't) hold you to it, but surely you can see the irony of justifying a change of bet terms on the basis of exactly what the bet is about?!

I didn't know there was a gambling subforum here. That's also a little ironic.