LTC / USD possible price drop

[tacotime]

It's normal.  Difficulty changes every 3.5 days, so LTC has enhanced volatility as compared to BTC.  Price goes up and down based on supply and demand.  What else is new?

Maybe look at the graphs, they're not linked at all to the (relatively small) difficulty changes, or anywhere near the same percentages.  It's very abnormal.  Have a look on ltc-charts.com

Anyone who doesnt get the nature of LTC pump/dump spec probably shouldnt be investing in it.  

I've been mining ltc since 2 weeks after the genesis block.  I've seen it all.  Doesn't phase me.  The order book says: Price is going up.  The order book has been saying that since the price was 0.0035 and I called it then.  It's going to keep going up.  So is the hash rate.

Tacotime what's your hashrate btw?

Right now it's 2mhs

[SaltySpitoon]

I think this is a waste of a topic. All that you successfully did was got a chat log about dragon dildos and Litecoins.

There really needs to be a rule about Screen Shotting what goes on in that chat, I don't want to be liable for whatever I say there.

Kind of like the "Stays in Vegas" thing, you just don't do it Smoothie... You just don't...

[smoothie]

Koolio lost a bunch of his LTC by his statements below and was even BEGGING for people to stop buying. LOL

Look at what Koolio had to say yesterday on BTC-E chat(bolded most of it):


dstruct2k: dexydex, if you don't find what you need in the next hour or two, send me a PM, i'll help you out when i get home from work
Ismael: YES
Simran:  
dexydex: thanks
lvt:  
lvt: no dragon dildos
lvt: Ismael tell em
Ismael: dragon dildos, gotcha
Simplyfun: he was seriously owunded by the last one
Simplyfun: wounded*
log: uma bro me real gangstahttps://sphotos-b.xx.fbcdn.net/hphotos-snc7/397361_499379116741524_1881464498_n.jpg
bettor: dstruct2k, hey, when you do that, a webpage or instructions how I can make a page would kick ass for the next ones who come along...
Simran: trill OG shit
Simplyfun: looks like a north Korean dictator
Simran: yeah cause my eyes were low for a reason  
lvt: gaise, brb Korea  
log:https://is0.4sqi.net/userpix/KFLNFQ5MW4RA30AL.jpg wear sunglasses
Simran: log, I can't ya dumbass, I already wear precription glasses
Simran: just pls polis gon arrest u
log:http://topicstock.pantip.com/chalermkrung/topicstock/2012/05/C12140756/C12140756-0.jpg became chinese invade north korea!
log:https://is0.4sqi.net/userpix/KFLNFQ5MW4RA30AL.jpg cause he wear regular glasses bro!
lvt: log pls  
koolio: simran stop buying dammit
bettor: if you were thinking of buying at 0041, you're too late
Simran: I ain't buying shit
Simran: wtf?!?!?!?!?
koolio: simplefun is it you
koolio: simplyfun
Simplyfun: Oui
koolio: please i beg u stop buying for a bit
koolio: u just lost me a hell of alot of coins with the move u just pulled
log:http://fc05.deviantart.net/fs71/f/2011/077/0/d/rwj_by_thraeofthedragons-d3by0h5.jpg dragon dildos yeah
Ismael: koolio, no, Simplyfun is in moose country, you can't wear sunglasses there
koolio: please
lvt:   koolio nope
koolio: i beg, theres no need for u
koolio: *IT
lvt: log lol  
bettor: beattest , get out of that koolio suit!



koolio: *IT
lvt: log lol  
bettor: beattest , get out of that koolio suit!
Ismael: lol
Simplyfun: I need enough to crash the market later
zero3112: woo there goes litecoin
Ismael: doit simply
Ismael: you wont you wont
Simplyfun: I said later, now is not the right time
koolio: basically its fucked
log: so you guys ready to trash n crash the market? time to sell ltc and buy btc soon than later
asdf1234: why?
Simplyfun: but yeah I'm slowing up, price has risen too fast
koolio: im really fed up, like im getting quite angry now cause u lot are buying with no consideration for others in the market
Smoovious: that's the free market for ya
koolio: the way things are going alot of people are going to loose when u crash it and just put people off ltc
asdf1234: what do you mean koolio
koolio: its fucking stupid thats what it is
koolio: mindless buying
Simplyfun: LOL
koolio: supa did the same thing when he was here and he pissed alot of people off
asdf1234: lmao


....ust it, sell.
zeroquest: I see quite a few large buy orders in .048+. including a $500 10k ltc order.
Ismael: I'm just saying, I say with 90% certainty that the price will be back @ $.048 by tommorrow
zeroquest: the jump is real, if it'll hold or not... who knows.
DiCE1904: still need more market use for LTC
brunic: 10k ltc order for 50 btc is me
Ismael: I'm not one to make bets, but if I was, I'd put a 10k LTC bet that the price will be back down tomorrow
zeroquest: I see a $500 10.7k order LTC/USD
zeroquest: @ .0489

This just shows further the FUD nature/pump and dump of LTC.  That, and the graphs for trade price / volumes.  I could understand the first peak and relax, but not the volume on the day, or the repeating nature of pump dump.

You want to talk about volume? How many PPC exist to date? Oh right about 10 million. How many LTC existed back in July when it peaked? Oh right about 9 million. Volume has nothing to do with it given tha PPC has tons more volume in terms of "coins".

Try again lol

Not sure if you're serious... or... dont understand... volume in regards to trade.... trade volume. 

In terms of the fact that in 6 weeks PPC has created over 10 million PPC. THAT kind of volume.

[tacotime]

Oh no... just a few days later and the LTC economy seems to be verging on collapse!

[DoomDumas]

LTC is just a pump/dump/spread FUD currency.
The new investors always lose out; that's all these graphs show.

pump/dump/spread FUD ??

what if I've bougth  @ 2 and sold @ 4..  is'nt it a 100% profit ?

[bazzip]

I wonder when the first virtual currency investor will jump off a bridge like stock investors do sometimes.

[valley365]

If LTC can not hold, all altcoins will really go to rubbish can 

[scatha]

If LTC can not hold, all altcoins will really go to rubbish can 

NO!.. there are a few alt coins which are undervalued (as compared to LTC/FTC) and therefore more likely to be stable. Besides, traders want to profit, and will try to pump some of them if LTC fails.