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Title: fontas is gonna dump on everyone Post by: adpinbr on September 17, 2013, 03:46:14 AM who thinks that fonts is gonna dump with all his heavy roller buddies the second they can. he told me so himself on the troll box. I'm just worried to the point I'm thinking of selling my ltc before box acceptance. Idk anymore what to do i am so confused by fucking gox any advice would be appreciated. i think long term ltc should go up, but short term greed may ruin that chance
Title: Re: fontas is gonna dump on everyone Post by: BitCoiner2012 on September 17, 2013, 04:03:48 AM There's nothing to dump into.
Title: Re: fontas is gonna dump on everyone Post by: TheFuneral on September 17, 2013, 05:28:59 AM who thinks that fonts is gonna dump with all his heavy roller buddies the second they can. he told me so himself on the troll box. I'm just worried to the point I'm thinking of selling my ltc before box acceptance. Idk anymore what to do i am so confused by fucking gox any advice would be appreciated. i think long term ltc should go up, but short term greed may ruin that chance where? You see the liquidity of the marketplace? Title: Re: fontas is gonna dump on everyone Post by: adpinbr on September 17, 2013, 01:47:59 PM who thinks that fonts is gonna dump with all his heavy roller buddies the second they can. he told me so himself on the troll box. I'm just worried to the point I'm thinking of selling my ltc before box acceptance. Idk anymore what to do i am so confused by fucking gox any advice would be appreciated. i think long term ltc should go up, but short term greed may ruin that chance I doubt if fontas even knows what he's going to do at this point. If it were me, I would probably get out of Litecoin as soon as possible, not because of any one single individual, but because the fundamentals do not support these price levels. You make it sound as if the fundamentals support the price of bitcoin. LTC is worth about 1/10 of btc right now Title: Re: fontas is gonna dump on everyone Post by: Carra23 on September 17, 2013, 01:56:06 PM who thinks that fonts is gonna dump with all his heavy roller buddies the second they can. he told me so himself on the troll box. I'm just worried to the point I'm thinking of selling my ltc before box acceptance. Idk anymore what to do i am so confused by fucking gox any advice would be appreciated. i think long term ltc should go up, but short term greed may ruin that chance I doubt if fontas even knows what he's going to do at this point. If it were me, I would probably get out of Litecoin as soon as possible, not because of any one single individual, but because the fundamentals do not support these price levels. You make it sound as if the fundamentals support the price of bitcoin. LTC is worth about 1/10 of btc right now If you believe that then do not dump. Problem solved. Title: Re: fontas is gonna dump on everyone Post by: adpinbr on September 17, 2013, 02:20:45 PM I understand and the fact that I may be litecoin biased could in fact be true. Nevertheless I feel that as I may be litecoin dilusional we are all bitcoin dilusional at least in the short term. Bitcoin won't take over the world tommorow. Maybe in 5-10 years, and maybe the pump will put it at 1000$ next year. But by no means will a btc price of 1000 in 2015 be justified by fundamentals. A price of 140 now is not justified by fundamentals. That's all I am saying
Title: Re: fontas is gonna dump on everyone Post by: coretechs on September 17, 2013, 03:34:14 PM The value of any money is a shared illusion, or delusion! If you are trying to make a quick profit trading crypto-currencies, the fundamentals don't matter because you are merely playing a strategy game against others with the same intention. I believe most speculators are lazy and factor their perceptions of the "community momentum" into their decisions of when to buy and sell, and the LTC/Gox hype cycle is a perfect piece of speculative momentum for experienced traders to leverage. Pumps and dumps will happen, but they can also provide a great opportunity for investors who are operating on a different time scale. Sometimes so-called bag holders get the last laugh.
If you believe in the long term viability of Litecoin and other crypto-currencies, then stop worrying about the short-term price and focus your efforts on contributing to the infrastructure/economy/awareness/etc. If you have a long term position, doing so is a way to directly affect your investment. If you're long enough, you may reach a point where there isn't any need to "cash out" - after all we are talking about a currency and the whole point of acquiring money in the first place is to acquire purchasing power! Title: Re: fontas is gonna dump on everyone Post by: Sterling on September 17, 2013, 03:44:40 PM Sigh. The market cap for LTC is $56 MILLION. Do you think that fontas and his cronies really hold a significant portion of the coins in circulation? Sure, maybe he was able to influence the price of smaller coins, but LTC - absolutely not.
Title: Re: fontas is gonna dump on everyone Post by: adpinbr on September 17, 2013, 04:02:42 PM The value of any money is a shared illusion, or delusion! If you are trying to make a quick profit trading crypto-currencies, the fundamentals don't matter because you are merely playing a strategy game against others with the same intention. I believe most speculators are lazy and factor their perceptions of the "community momentum" into their decisions of when to buy and sell, and the LTC/Gox hype cycle is a perfect piece of speculative momentum for experienced traders to leverage. Pumps and dumps will happen, but they can also provide a great opportunity for investors who are operating on a different time scale. Sometimes so-called bag holders get the last laugh. If you believe in the long term viability of Litecoin and other crypto-currencies, then stop worrying about the short-term price and focus your efforts on contributing to the infrastructure/economy/awareness/etc. If you have a long term position, doing so is a way to directly affect your investment. If you're long enough, you may reach a point where there isn't any need to "cash out" - after all we are talking about a currency and the whole point of acquiring money in the first place is to acquire purchasing power! I agree buy and hold had been the best strategy for a long time Title: Re: fontas is gonna dump on everyone Post by: adpinbr on September 17, 2013, 04:03:59 PM Sigh. The market cap for LTC is $56 MILLION. Do you think that fontas and his cronies really hold a significant portion of the coins in circulation? Sure, maybe he was able to influence the price of smaller coins, but LTC - absolutely not. Out of that you would have at most 5 million of volume at any given time and would need 1 million to manipulate the market. I think fonts has that himself if not his buddies do Title: Re: fontas is gonna dump on everyone Post by: iGotSpots on September 17, 2013, 04:22:29 PM Sigh. The market cap for LTC is $56 MILLION. Do you think that fontas and his cronies really hold a significant portion of the coins in circulation? Sure, maybe he was able to influence the price of smaller coins, but LTC - absolutely not. You highly underestimate some of the big fish. Most of them are silent, unlike fontas |