BitcoinBasics (OP)
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January 26, 2013, 05:53:53 AM |
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I'm getting curious about alt currencies. I think im going to purchase some litecoins just in case.
Is the litecoin community growing very fast? What can you do with litecoins right now?
I doubt I will spend them but just kind of wait and see.
Thanks for any info.
LWcSxp2AzP3HKkfBugsNfQn9nsFSzs5CLe
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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maunderingcabal
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Don't dwell in the past, don't dream of the future
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January 26, 2013, 07:02:58 AM |
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Litecoins are an emerging crypto-currency, I would stay with Bitcoin until it becomes more used. Also, Btc-E has a pretty high transaction fee, I would try somewhere else. If you try to transfer ฿0.01 it will cost you ฿0.001... Check out blockchain.info and buy from someone else.
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BitcoinBasics (OP)
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January 26, 2013, 07:11:51 AM |
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i just bought 8 ltc and have an order for 49 more. I guess i'll buy a little at a time and see what happens in the future.
i wish i knew about bitcoins at that price lol.
now we just need litecoin poker.
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RyNinDaCleM
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Legen -wait for it- dary
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January 26, 2013, 11:05:16 AM |
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...Also, Btc-E has a pretty high transaction fee, I would try somewhere else. If you try to transfer ฿0.01 it will cost you ฿0.001...
Shit U crazy! BTC-e has the lowest exchange fees around. Their fee is half of the average fee on Gox, and still less than the lowest possible fee on Gox. AFAIK, MtGox is the only exchange that doesn't charge to withdraw coins, and the .01 fee at BTC-e is pretty standard no matter where you withdraw from.
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nobbynobbynoob
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January 26, 2013, 04:14:00 PM |
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Yes, BTC-e's withdrawal fee is pretty reasonable. I think it's 0,01 in any currency you draw, so also 0,01 LTC, which is less than peanuts. Just minimize total number of withdrawals - it's an exchange, not a personal wallet - and try to avoid withdrawals smaller than about BTC0,50, say, and it's all good.
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DeathAndTaxes
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Gerald Davis
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January 26, 2013, 04:31:13 PM |
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Is the litecoin community growing very fast? Nope. What can you do with litecoins right now? Sell them to someone else for a greater profit. See: http://en.wikipedia.org/wiki/Greater_fool_theorySorry but it is the truth. Have fun.
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BitcoinBasics (OP)
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January 26, 2013, 06:42:09 PM |
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haha thanks for the tip death
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BitcoinBasics (OP)
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January 26, 2013, 06:51:38 PM |
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i have a question about btc-e.
I know if you withdraw there is a fee.
Is there a fee for buying or selling? It would be fun to day trade a little bit and make a couple pennies here and there but if theres a fee it would make doing that rather difficult.
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payb.tc
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January 26, 2013, 06:57:45 PM |
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i have a question about btc-e.
I know if you withdraw there is a fee.
Is there a fee for buying or selling?
yes, that's where they make their profit. the withdrawal fees are basically forwarded to miners.
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