leaked video explained the recent pump of litecoin

[Arbitrageur]

looks like they were promising a 3x over the 500 ltc investment through a stream of daily dividend between 3 and 5 ltc per day

it also looks like they are gone, vaporized, ponzi is over

[klintay]

why walk away from all that profit potential now?

why? Because a bullet in the face sounds the same in any language...CCP does not fuck around. period.

[cryptocoiner]

For sure litecoin was pumped heavily. Along with many other altcoins. Do you have a youtube link for this video? With english translation maybe? Would be nice.

[nrd525]

It looks like the last payments were on July 15.  So July 15/16 LTC fell from $4.80 to $3.20.

I'm surprised it didn't fall further.  I guess the ponzi operator hasn't cashed out (they still have 400k at their largest address).

[Arbitrageur]

they have an update:

http://8btc.com/thread-20877-1-1.html

at least we know they haven't run away with the loot

[g3rszpi]

For sure litecoin was pumped heavily. Along with many other altcoins. Do you have a youtube link for this video? With english translation maybe? Would be nice.

Since this was a dump, and pretty much people got on train(if these news are real) at low prices, we can expect a pump.imo

[koryu]

they have an update:

http://8btc.com/thread-20877-1-1.html

at least we know they haven't run away with the loot

thanks for sharing.
Reading through the comments is really funny.

the best comment until now is this picture with the title "Three criminals"
http://8btc.com/data/attachment/forum/201507/23/001433hh4fa1eb217ax5z4.jpg

[dmwardjr]

For sure litecoin was pumped heavily. Along with many other altcoins. Do you have a youtube link for this video? With english translation maybe? Would be nice.

Since this was a dump, and pretty much people got on train(if these news are real) at low prices, we can expect a pump.imo

How do you figure?  The "pump" already occurred.  The pump was all about dumping to make FIAT [USD, CHY, EUR, etc...].  The one's who pumped it know there are many who are eager to dump for similar gains or to reduce losses.

Unfortunately, most of the world still revolves around FIAT and not crypto.  Most of the people who invested in LTC wanted to dump for gains around $10.00 USD.  Unfortunately, for them, other whales knew this and dumped at $8.00 USD.  They paused the dump several times on the way down to make people think it had stopped to get sufficient buy orders in place to dump into again and again and again.  It was a brilliant plan.

These whales know they would meet a lot of resistance on the way up if they were to pump it again.  LTC is not adopted for wide use the way BTC is.  I can actually pay my Dish Network bill with BTC but one cannot do this with LTC.  I don't know that LTC will ever get adopted by retailers the way BTC has thus far.

If you want another pump again, it will not happen until close to the next BTC block halving.  However, I see it still unlikely then.  I could be wrong, but this pump and dump has left quite a stain on the hearts and minds of many who were broken by this latest pump and dump scheme.  I actually made out good [on the up side] myself.  However, I know of many who got burned quite badly.

[GODLIKE]

Today litecoin volume is higher than bitcoin volume, is this the first time?

http://www.coincap.io/

[Za1n]

they have an update:

http://8btc.com/thread-20877-1-1.html

at least we know they haven't run away with the loot

Can anyone who speaks Chinese give us the gist of the article and comments. Google translate is pretty spotty.

The most I could make out is it seems someone from the group or company was trying to assure investors that they didn't expect the crash and not to worry they are still on track to recoup their profits but it might take longer? Reading the comments I could sense most people thought they had been cheated or it was a fraud and reported to the authorities already?

[nrd525]

I did some analysis of the LTC blockchain on my thread:
https://bitcointalk.org/index.php?topic=671764.msg11919684#msg11919684

I think the interest rate was 0.9 - 1.25%/day.  Investors bought in with blocks of 500 LTC.  Payments stopped on July 15.  No evidence that the LTC has moved to exchanges (though I'd love if someone could verify this).  Lots of investors increased their investment size after receiving payments.

[usukan]

"If you want another pump again, it will not happen until close to the next BTC block halving.  However, I see it still unlikely then."

seemed to happen today? I suspect they may be back in business..........

For sure litecoin was pumped heavily. Along with many other altcoins. Do you have a youtube link for this video? With english translation maybe? Would be nice.

Since this was a dump, and pretty much people got on train(if these news are real) at low prices, we can expect a pump.imo

How do you figure?  The "pump" already occurred.  The pump was all about dumping to make FIAT [USD, CHY, EUR, etc...].  The one's who pumped it know there are many who are eager to dump for similar gains or to reduce losses.

Unfortunately, most of the world still revolves around FIAT and not crypto.  Most of the people who invested in LTC wanted to dump for gains around $10.00 USD.  Unfortunately, for them, other whales knew this and dumped at $8.00 USD.  They paused the dump several times on the way down to make people think it had stopped to get sufficient buy orders in place to dump into again and again and again.  It was a brilliant plan.

These whales know they would meet a lot of resistance on the way up if they were to pump it again.  LTC is not adopted for wide use the way BTC is.  I can actually pay my Dish Network bill with BTC but one cannot do this with LTC.  I don't know that LTC will ever get adopted by retailers the way BTC has thus far.

If you want another pump again, it will not happen until close to the next BTC block halving.  However, I see it still unlikely then.  I could be wrong, but this pump and dump has left quite a stain on the hearts and minds of many who were broken by this latest pump and dump scheme.  I actually made out good [on the up side] myself.  However, I know of many who got burned quite badly.

[dmwardjr]

If you haven't seen this yet, it's worth a look:

http://shitco.in/2015/07/25/the-wuestenrote-wusitanluo-ltc-ponzi-was-crushed/

[kelsey]

funny thing is no matter how many ways it is spelt to you guys, this so called 'ponzi' group had little to do with any of the recent ltc rallies.