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Author Topic: MtGox & Litecoin - Its all a rumor gone out of control  (Read 13715 times)
RandyFolds
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April 24, 2013, 01:47:36 AM
 #61

They have a pretty good rep in the Bitcoin community,

good rep in the Bitcoin community,

good rep


Hahaha...you're joking with this, right? They are a plague on the bitcoin community.
CoinHoarder
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April 24, 2013, 03:19:08 AM
 #62

They have a pretty good rep in the Bitcoin community,
Hahaha...you're joking with this, right? They are a plague on the bitcoin community.

Well... they do handle 80% of all Bitcoin trading, the Bitcoin market cap is about 1.5 Billion dollars right now.

I'd say if they didn't have a good rep, then they would not be the most popular exchange because people wouldn't want to use their service.

Whether that is a good or a bad thing they control 80%... I agree its a bad thing. Price can be affected by the exchange's uptime/downtime/ddos rate/getting hacked/etc... I am a big fan of decentralization, so we need more good exchanges.
RandyFolds
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April 24, 2013, 05:51:04 AM
 #63

They have a pretty good rep in the Bitcoin community,
Hahaha...you're joking with this, right? They are a plague on the bitcoin community.

Well... they do handle 80% of all Bitcoin trading, the Bitcoin market cap is about 1.5 Billion dollars right now.

I'd say if they didn't have a good rep, then they would not be the most popular exchange because people wouldn't want to use their service.

Whether that is a good or a bad thing they control 80%... I agree its a bad thing. Price can be affected by the exchange's uptime/downtime/ddos rate/getting hacked/etc... I am a big fan of decentralization, so we need more good exchanges.


We are talking about Magic the Gathering Online Exchange.

They came to control the market because they had no competition for quite a while, and any blossoming competitors suffered enormous breaches. I agree that we need good exchanges. There isn't a single one right now.
milazi
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April 24, 2013, 03:55:03 PM
 #64

Someone has been hanging in the troll box way to much thinking this is the troll box.

Sorry dude... Gox has confirmed it's adding LTC and it's also confirmed it's adding LTC this month.  WAKE UP.

Oh and ignore for spreading more bullshit.

Now the  end of Apr, where is my lovely gox OTC?
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April 24, 2013, 04:05:26 PM
 #65

Even IF (a big IF), mtgox opens LTC trading, that's nothing new, it only takes the business from BTC-E. Anyone who wanted to buy/sell LTC, could already do it before. I bought 6 figures in LTC by buying Bitcoin on gox, send to BTC-E, obtain LTC. I don't see why should LTC value rise due to such stupid reason. Still need massive amount of merchant support, otherwise the value should be at $0.06 where it belongs.

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April 24, 2013, 04:26:02 PM
 #66

Even IF (a big IF), mtgox opens LTC trading, that's nothing new, it only takes the business from BTC-E. Anyone who wanted to buy/sell LTC, could already do it before. I bought 6 figures in LTC by buying Bitcoin on gox, send to BTC-E, obtain LTC. I don't see why should LTC value rise due to such stupid reason. Still need massive amount of merchant support, otherwise the value should be at $0.06 where it belongs.

Nobody with money knows what BTC-E is.

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April 24, 2013, 04:52:35 PM
 #67

Who cares? Why is this an argument? Examine the information available to you, put your money/miners where you think the odds will favor you, and let the dice roll. Stop making a huge issue out of it. Jesus. Some people's kids.
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April 25, 2013, 05:51:01 AM
 #68

Glad to know it was just a rumor that went out of control.  Wink  Grin

--edit--

I just could not help myself.  

Quote from: FrictionlessCoin
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- from journeys into the dark depths of the alt coin forum....
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April 25, 2013, 06:05:51 AM
 #69

I thought Id start this as it seems everyone is pinning their hopes on Gox accepting LTC. Im all for expansion of the currency but when you consider the facts it does seem a bit of a fallacy.

MtGox have lag issues anyway with Bitcoin traffic, often I see upto 8 minutes lag which aside being shoddy service considering how much they make, does make me feel they manipulate markets and prevent trading when it suits them. The addition of LTC would simply over load their already slow system. If any alt currencies were coming to Gox I would think they would put this off for some time at least until they can scale their servers.

The price of LTC is already pumped to hell, I know a lot of people won't like me saying that but its true. Theres not enough services to sustain this price and when you consider the services BTC had at this price it certainly puts LTC into perspective.

LTC will grow, but not until payment processors are out and no one exchange has the foothold on the market like BTC-e.

Im in LTC for the long run, but cant say I dont expect a big fall to happen soon when buys run out of steam due to lack of confidence.

well it appears you could not be more wrong....negative props

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April 25, 2013, 06:07:01 AM
 #70

5 hours ago:

https://mtgox.com/pdf/20130424_ddos_statement_and_faq.pdf

LTC will be added  Smiley
takagari
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April 25, 2013, 06:11:27 AM
 #71

And going nuts on btc-e Europes waking up.

3.82 as of now.
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April 25, 2013, 06:15:39 AM
 #72

And going nuts on btc-e Europes waking up.

3.82 as of now.

Yup, I'm glad I hoarded LTC like crazy Cheesy
Not selling yet, wait for the MtGox exchange and slowly sell for max profit Smiley
MaGNeT
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April 25, 2013, 06:20:42 AM
 #73

Even IF (a big IF), mtgox opens LTC trading, that's nothing new, it only takes the business from BTC-E. Anyone who wanted to buy/sell LTC, could already do it before. I bought 6 figures in LTC by buying Bitcoin on gox, send to BTC-E, obtain LTC. I don't see why should LTC value rise due to such stupid reason. Still need massive amount of merchant support, otherwise the value should be at $0.06 where it belongs.

No... Nothing new... >600.000 traders suddenly seeing "LTC" and "NMC" to trade won't do anything to the price Grin

So I say, I buy all your LTC for $0.07. Deal?  Smiley
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April 27, 2013, 03:16:20 AM
 #74

so what's the scoop

yeah baby yeah
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April 27, 2013, 04:02:44 AM
 #75

Well now that mtgox has confirmed the rumor to be true.

Koolio, we should change the title of this thread to something more appropriate mate?

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cosurgi
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April 27, 2013, 06:23:42 AM
 #76

Well now that mtgox has confirmed the rumor to be true.

Koolio, we should change the title of this thread to something more appropriate mate?

where did they confirm (again)?

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April 27, 2013, 06:55:14 AM
 #77

Well now that mtgox has confirmed the rumor to be true.

Koolio, we should change the title of this thread to something more appropriate mate?

where did they confirm (again)?

learn2google
http://arstechnica.com/security/2013/04/potent-ddos-attacks-on-mt-gox-delays-rollout-of-new-virtual-currency/
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April 28, 2013, 09:27:37 PM
 #78

Well now that mtgox has confirmed the rumor to be true.

Koolio, we should change the title of this thread to something more appropriate mate?

where did they confirm (again)?

learn2google
http://arstechnica.com/security/2013/04/potent-ddos-attacks-on-mt-gox-delays-rollout-of-new-virtual-currency/

and this:

https://mtgox.com/pdf/20130424_ddos_statement_and_faq.pdf

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April 28, 2013, 09:48:19 PM
 #79

Yes one has to wonder when LTC will appear on there.  It could be any moment. I wonder if they will put out a press release the day before they add it or if it will suddenly appear.  You know it will cause a further spike in LTC either way.
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April 28, 2013, 09:49:31 PM
 #80

Yes one has to wonder when LTC will appear on there.  It could be any moment. I wonder if they will put out a press release the day before they add it or if it will suddenly appear.  You know it will cause a further spike in LTC either way.

I'm sure they will put out a release or at least a Twitter statement about a date.
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