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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LOTTO COIN - The coin thats a game! Released 12/12/13
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on: January 08, 2014, 07:35:49 PM
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Whats happening with LottoCoin is exactly the same as whats going on with Doge. Infact i posted about it yesterday in that thread relating to dozens of sell orders pouring in for 1000-5000 doge every single second.
It seems these new coins with high volumes and low values are just easy meat for whatever automated system choses to target them. None will ever manage to get a foothold if this continues, and no matter what new coin you support (Lotto/Doge/EAC) all are going to continue to be plagued by this BS situation. It wont matter long term if one of these cryptos gets the most amazing support from shops and systems using the coin because if they all drop to such a low level in price now, people can simply drop 1BTC and harvest masses of them that will just lead to mass dumps at the slighest hint of a price hike.
I dont see anyway out of this cycle unless the exchanges start enforcing limits on their API calls because whilst its all cash to them right now, if it continues it will ultimately reduce their income long term as all the Alts are hammered away at to be worth the same as each other - ie zero.
nah not rly doge aint like lot doge cant be used for anything the only reason for it price whas a hype ( compare it to dutch tulps) theres a insane amount of doge coins out there aswel (to much suply/demand) any coin wich will be released now a days will have problems with multipools the coin just has to survive till some other coin gets created and get bombed with multipool. your joking right? Cant be used for anything? You need to head outside these forums more if you think that. But the point is its not even about what it can or cant be used for at the moment. Nothing can make a stride to even becoming a real currency, because theyre all driven down to a level price by these systems. its a fact that LOT defeats any coin in the market on gamble/gaming sites ( except bitcoin) |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LOTTO COIN - The coin thats a game! Released 12/12/13
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on: January 08, 2014, 07:01:58 PM
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tbh if i look at our buy order right now its looking strong every single satosi got 1.5+ btc ( 2 of them) most 3+ so no huge gaps and huge drops just basic market movement
You would think so but 4 btc just got eaten through at 17 in the past 45 minutes. The difficulty has dropped for mining so even though the price is down, lottocoin is still number 1 on coinwarz as most profitable. The autoselling isn't going to stop anytime soon. The further the price drops so does the difficulty. Also doesn't help having 20-25 loaded up with over 25 btc in sell orders. true but the buy order used to be alot weaker with big gaps |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LOTTO COIN - The coin thats a game! Released 12/12/13
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on: January 08, 2014, 06:49:55 PM
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why do people keep talking about
yea this **** coin died etc?
who cares? it aint lot
LOT cant be compared to these coins ( cage/doge/cent)
i mean look at that voting page at the amount of votes we got man our cominity is fking huge
we have alot of uses for instance games ( mainly gamble) with alot more incoming
since when do people think a coin shud gain with 10% everyday?
look at litecoin it used to be stuck on 3 dollar for months ( and drop to 2 dollar plenty of times)
same with nmc PPC etc its beter for us to build a eco system for this coin before it getting huge else we probly flop later on
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LOTTO COIN - The coin thats a game! Released 12/12/13
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on: January 08, 2014, 06:43:29 PM
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Whats happening with LottoCoin is exactly the same as whats going on with Doge. Infact i posted about it yesterday in that thread relating to dozens of sell orders pouring in for 1000-5000 doge every single second.
It seems these new coins with high volumes and low values are just easy meat for whatever automated system choses to target them. None will ever manage to get a foothold if this continues, and no matter what new coin you support (Lotto/Doge/EAC) all are going to continue to be plagued by this BS situation. It wont matter long term if one of these cryptos gets the most amazing support from shops and systems using the coin because if they all drop to such a low level in price now, people can simply drop 1BTC and harvest masses of them that will just lead to mass dumps at the slighest hint of a price hike.
I dont see anyway out of this cycle unless the exchanges start enforcing limits on their API calls because whilst its all cash to them right now, if it continues it will ultimately reduce their income long term as all the Alts are hammered away at to be worth the same as each other - ie zero.
nah not rly doge aint like lot doge cant be used for anything the only reason for it price whas a hype ( compare it to dutch tulps) theres a insane amount of doge coins out there aswel (to much suply/demand) any coin wich will be released now a days will have problems with multipools the coin just has to survive till some other coin gets created and get bombed with multipool. |
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