You can't have a creation like BTC within a free market without expecting some guys creating similar alternatives to it. Right now it's hard to say how even bitcoin will establish. I think it's great to have something like litecoin. Alternatives are always a good thing. Of course they depend at some point of bitcoins success. LTC has a few advantages over BTC even if it's still very similar. We will see how these advantages will work out in the future. Of course people can make/loose huge short-term profit with it and so a lot of speculators will sooner or later jump on it too. Bitcoin is still in it's early days and litecoin even more. The fluctuation isn't a bad thing at all and may stabilize over time with market growth. Therefore is also a long-term success chance for litecoin. For me there is no reason why LTC shouldn't exist besides BTC. Does it take any potential value from BTC? According to the value in USD, yes. But that doesn't mean these two can't coexist without hurting each other. You don't blame silver that it makes your gold less valuable than it could be without. If people see reasons to convert some/all of their BTC into LTC then it shall be that way.
I'm looking forward to this and think both of em will have their usage(s).
And why only these two? Why not 3 succeed? Or 4? Or 5? Or 6? Or 7? Or 8? Or... But wait...not enough fiat for all these. Funny how a double edge sword cuts - the same argument used in favor of LTC, OMG is the doom of LTC!!!! |
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People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.
And why couldn't altcoins fall just as hard or harder than bitcoin (just like silver tends to fall faster than gold on the way down)? Just because they might not have done that so far, doesn't mean they won't in the future. You seem to be assuming that altcoins will take up a larger market share for sure. Excuse me but why stay for long there? Trading is our hobby here isn't it? I am not sure what you mean. Are you saying you are just buying to sell to a greater fool? I trade - I don't see fools or smart guys. I ride the wave hoping I won't get buried in it... I meant fool in this way: http://en.wikipedia.org/wiki/Greater_fool_theoryI am fine with trading, but only if I see the fundamental value in the underlying asset. Oh ok! Misunderstood  Well I have a new attitude after April. I USE Bitcoin and mine it - I speculate for more BTCs with XRP and LTC. That is my strategy... |
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People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.
And why couldn't altcoins fall just as hard or harder than bitcoin (just like silver tends to fall faster than gold on the way down)? Just because they might not have done that so far, doesn't mean they won't in the future. You seem to be assuming that altcoins will take up a larger market share for sure. Excuse me but why stay for long there? Trading is our hobby here isn't it? I am not sure what you mean. Are you saying you are just buying to sell to a greater fool? I trade - I don't see fools or smart guys. I ride the wave hoping I won't get buried in it... EDIT: So we have ethics to discuss here? Don't think it's the right forum... |
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People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.
And why couldn't altcoins fall just as hard or harder than bitcoin (just like silver tends to fall faster than gold on the way down)? Just because they might not have done that so far, doesn't mean they won't in the future. You seem to be assuming that altcoins will take up a larger market share for sure. Excuse me but why stay for long there? Trading is our hobby here isn't it? |
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People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.
I say it and they don't listen! Especially for XRP. Business is business - if I wanna express my faith I can go to a church and worship not a damn asset... |
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Interesting battle at 88+
Sad for BTC is that right now it is better if you want more coins to either go fiat or LTC/XRP (though the last ones tend to lose value against fiat when BTC crash)...
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But I really, really don't like a fud and people repeating themselves in fud many times. It's an insult to my intelligence to see that someone think I should be reminded we're in bearish market and that someone think his fud posting will make me sell if I don't want to.
I don't see where the insult is if you are acting independently using your own intelligence It is, I hate when someone think I'm stupid. 'cause I'm not  Who thinks you are stupid ? Let it wash over you dude  Thing is, most people here own Bitcoins, so whenever the price goes down those who value them in fiat terms feel pain. Those who truly value them as long term holdings / as 'number of coins held' should, in theory see it as an opportunity to buy more. Speculators see it as just another move to trade. From this simple analysis, it's pretty clear to me the the negative vibe when we go down is caused by those who feel like they are losing money ... people who claim to be 'all about coins' but in reality are not. They are the ones causing the friction through their own internal conflicts. To those people I say, GET SAVVY, DO ANALYSIS. LEARN WHO TO LISTEN TO AND HOW TO TRADE IN ORDER TO ACCUMULATE MORE COINS ...DON'T TAKE IT OUT ON THE REST OF US COS JUST YOU AIN'T GETTING RICH QUICK ENOUGH Gimme fiat and I will buy |
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I am mostly out of BTC but still have some on ASICMINER that seems to resist pretty well and even work like some kind of hedge against bitcoin lower values. The lower bitcoin goes, the higher the ASICMINER share. I have calculated and a 20% down on BTCUSD would need a 24% increase on ASICMINER share to have both the same value in USD
With that data it might be interesting maybe to sell the shares and even if they get a higher valuation you would also be able to buy more BTC at a lower price being able to buy more shares lately. I am not taking in account here that ASICMINER shares are starting to look quite bubbleish to some people and they have a bigger inherent risk than bitcoin itself. Maybe i should sell the shares after all.
Any opinion on this?
Sell |
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If 88$ is broken then where we stop? Too bored to make it a new poll topic...
Disclaimer: I am out of BTC but I don't want it to continue dropping like this because I want buy ASICs (again)..
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This time I can certainly smell FEAR in the air...
Yeah, but just a whiff ... cant see the white's of their eyes yet Did you sell yet Shroomy ? Not sure if you refer to me - I am in LTC and XRP for the last month... |
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This time I can certainly smell FEAR in the air...
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the price push down today is clearly a manipulation lol.. but it's ok.. i got me bids on the good spots  The whole market is a manipulation, since bitcoins is a bubble ... Nobody in the real world gives any credits to that "currency". You forget Silk Road, don't make that mistake! It is the best form of money for it's users...though they will happily make their trades even if it drops below 1$ |
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There is a change on how deposits work. I already updated the website description:
Since the hardware is not infinite, all deposits will get queued and they will be activated once it's their turn, on a first-arrived-first-served basis.
Actually the queue is 2.2Th/s. If you deposit now, your account will be activated when more than 2.2Th/s of mining hardware will be deployed.
If the queue goes down to 0, then the account becomes active immediately.
Of course I will try to keep the queue as small as possible.
Can existing users add funds to their deposits? |
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Ok, more friendly. Does anyone not have ChartBuddy on ignore?
me. i kinda like the info. Try this: http://trading.i286.org/If you use it you should donate. Creations that great should be rewarded. Holy crap this is amazing! |
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I dont belive in hesus, i belive in power of dolar Believe is the key word here - everything else is the same. I don't believe in anything.. 'Nothing is true, everything is permitted' -Hassan i Sabbah |
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To prove im not some bullshiter i dup 3k coins on gox.
Why don't you sign an address you have with all of these coins to prove you're not bullshitting? Also, why is there "TA" in the title? I don't see any technical analysis anywhere. Oh I already asked for an address but 'He doesn't see the profit in it'. Classic troll using the name of an old Polish presidential candidate. Wonder why his ignore button is dark orange yet? So many Jellous people around here You need diet! Donate your million coins to the poor and follow an ascetic life..FOLLOW JESUS!!! |
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To prove im not some bullshiter i dup 3k coins on gox.
hahahah cheap coins next time dump them at the moon we are going up to the moon There is no point of this, i may loose money, i like bleeding into market with small amounts. wtb more cheap coins Buy it now, because tomoorow it will be 80`s Who is in the avatar foto? Myself I believe him, he's DEFINATELY the former prime minister of poland http://en.wikipedia.org/wiki/Jaros%C5%82aw_Kaczy%C5%84skiOff topic: Polish girls are the most pretty... |
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I don't see any cheap coins yet, not even at Bitstamp.
Right, i expected this answer. Because this is the standard answer i get everytime when i ask that question. Bitcoin goes down, people here are extremely happy and scream about cheap coins, you ask them how much they bought, they tell you they're not buying yet. There has been a lot of good advice about the price around here lately. Rampion posted some good information. I was a bit behind him in picking up on it but once I did I posted till no tomorrow the charts and what I saw. I actually called it pretty damn accurately. I just wish I would have gotten out at $130 when I first suspected things and not at $107. Anyway, thanks to Rampion for making me look deeper. One has to separate their feelings here, at least to a degree. Anyway, going forward, we've mentioned the resistance levels. Low 90's first, but I would be very very careful there as the 100 barrier is broken and that is a big psychological thing. Next is around $82, roughly. Then I have $68, $60, low $50's, then $20's. But this isn't in stone. You have to watch the volume and see how the price is affecting things on the charts. I'm super bullish about BTC, like most of us here, but when we see the charts clearly saying down, don't fight the feeling... I'll sacrifice some profit (though BTC isn't really about that primarily for me), in order to be a bit more certain of getting in at the right time. All the fun is in LTC/XRP right now - anticipation of how high they will go. Not how low like in BTC... Hate this but true for the moment! Notice my post about LTC in this thread. I think it is a really valid question and I'd love to hear some responses. https://bitcointalk.org/index.php?topic=1493.2760Basically, do you want to invest in LTC while BTC is coming down and it seems LTC is more pegged to BTC than it is to the dollar? If today is any indication, then no, though it is a big down day... I watch LTC for a lot of time (since it was 0.007$) and I agree that when BTC/USD falls, LTC/BTC goes up but LTC/USD goes down too. So in times where BTC will probably lose value, like now, it would be wiser to go fiat. On the other hand XRP since 19 April gained value in BTC and USD terms - so I thought that it is an even better alternative than fiat (if BTC drop in general). But lately XRP too loses in dollar terms when BTC goes down... |
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