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crumbs
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June 23, 2013, 06:02:55 PM |
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Wasn't it you who mentioned that they were mining? Technically (afaik), that qualifies as "transmitting money."
I hadn't heard that they were mining, but that could subject them to the law if they sell their mined BTC. I can't imagine they would do that after reading the FinCen guidelines. Can miners refuse to verify blocks & accept transaction fees? If not -- facilitating money transmission. Amirite? |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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ShroomsKit
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June 23, 2013, 06:04:10 PM |
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Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies. To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that? It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles. Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-RequestsSeems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides.  Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA. Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox. Why before it hits Gox? Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck... It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly. Yeah that makes sense. Although many people won't be buying before it hits Gox. So as soon as it hits it my guess is there will be panic buying that will double the price. We'll see. Rampion may be correct to sell shortly before LTC hits Gox (sell on the news). But, there are going to be a lot of people who will want LTC that don't currently have them. S3052 may very well be right in that the price will jump to $4-$6 per LTC. I picked up some today (even though I was initially against it), it is a gamble as I think BTC is going down from here, but hopefully LTC goes up enough to overcome that. I think it will get there even before hitting Gox. And to 10 dollars (for a very short time) once on Gox. Damn, I just bought! Dude, i'm just guessing. Please don't take any of this seriously. 2BTC won't hurt much (I think....) You'll be fine. Just don't panic sell before it goes to Gox. People will try to take the price down so they can buy cheap before it goes up again. It WILL go up because of Gox eventually. |
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fr33d0miz3r
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June 23, 2013, 06:07:00 PM |
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While Gox doesn't do USD withdrawals, there is a good opportunity to transfer your BTC from Gox to BTC-E and buy LTC.
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klee
Legendary
 Offline
Activity: 1498
Merit: 1000
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June 23, 2013, 06:07:56 PM |
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While Gox doesn't do USD withdrawals, there is a good opportunity to transfer your BTC from Gox to BTC-E and buy LTC.
Maybe Gox trading cryptos like BTC-e is their only hope to survive. |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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June 23, 2013, 06:08:10 PM |
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You'll be fine. Just don't panic sell before it goes to Gox. People will try to take the price down so they can buy cheap before it goes up again. It WILL go up because of Gox eventually.
Unless MtGox delays further or changes its mind again.  |
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fr33d0miz3r
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June 23, 2013, 06:08:23 PM |
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While Gox doesn't do USD withdrawals, there is a good opportunity to transfer your BTC from Gox to BTC-E and buy LTC.
Maybe it's their only hope to survive. Agreed. |
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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June 23, 2013, 06:08:58 PM |
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While Gox doesn't do USD withdrawals, there is a good opportunity to transfer your BTC from Gox to BTC-E and buy LTC.
Maybe it's their only hope to survive. Agreed. I edit it but the meaning is the same... |
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ShroomsKit
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June 23, 2013, 06:10:13 PM |
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You'll be fine. Just don't panic sell before it goes to Gox. People will try to take the price down so they can buy cheap before it goes up again. It WILL go up because of Gox eventually.
Unless MtGox delays further or changes its mind again. Yup, that is a possibility for sure sadly enough. |
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lucas.sev
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June 23, 2013, 06:30:47 PM |
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And bitcoin will be 700$? |
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fr33d0miz3r
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June 23, 2013, 06:32:47 PM |
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And bitcoin will be 700$?
If Bitcoin is $700, Litecoin will be $80-90 |
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Frozenlock
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June 23, 2013, 06:33:47 PM |
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And bitcoin will be 700$?
If Bitcoin is $700, Litecoin will be $80-90 Because aliens.  |
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fr33d0miz3r
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June 23, 2013, 06:37:58 PM |
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And bitcoin will be 700$?
If Bitcoin is $700, Litecoin will be $80-90 Because aliens. Don't forget that BTC has a blockchain limit for number of transactions to operate. LTC will be useful for small transactions to unload BTC. So, BTC+LTC can be a very stable payment system in the future. |
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lucas.sev
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June 23, 2013, 06:39:21 PM |
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And bitcoin will be 700$?
If Bitcoin is $700, Litecoin will be $80-90 Because aliens. Don't forget that BTC has a blockchain limit for number of transactions to operate. LTC will be useful for small transactions to unload BTC. So, BTC+LTC will be a very stable payment system in the future. So what should be stopping me from buying fully into LTC and forgetting about BTC? You obviously believe that if bitcoin appreciates 7 times, LTC will appreciate 40 times. |
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fr33d0miz3r
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June 23, 2013, 06:41:36 PM |
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And bitcoin will be 700$?
If Bitcoin is $700, Litecoin will be $80-90 Because aliens. Don't forget that BTC has a blockchain limit for number of transactions to operate. LTC will be useful for small transactions to unload BTC. So, BTC+LTC will be a very stable payment system in the future. So what should be stopping me from buying fully into LTC and forgetting about BTC? You obviously believe that if bitcoin appreciates 7 times, LTC will appreciate 40 times. LTC will appreciate 5 times after Gox starting work with it, and then will corellate with BTC. Don't forget about BTC The real future is BTC+LTC. |
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lucas.sev
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June 23, 2013, 06:43:50 PM |
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And bitcoin will be 700$?
If Bitcoin is $700, Litecoin will be $80-90 Because aliens. Don't forget that BTC has a blockchain limit for number of transactions to operate. LTC will be useful for small transactions to unload BTC. So, BTC+LTC will be a very stable payment system in the future. So what should be stopping me from buying fully into LTC and forgetting about BTC? You obviously believe that if bitcoin appreciates 7 times, LTC will appreciate 40 times. LTC will appreciate 5 times after Gox starting work with it, and then will corellate with BTC. Don't forget about BTC The real future is BTC+LTC. From investment point of view, by your beliefs staying in BTC is dumb. Why hold BTC if LTC will appreciate faster. |
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fr33d0miz3r
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June 23, 2013, 06:45:21 PM |
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From investment point of view, by your beliefs staying in BTC is dumb. Why hold BTC if LTC will appreciate faster.
I say that LTC will appreciate faster in the short-term because of MtGox adopting. Then LTC will grow 1:1 with BTC (the price will correlate 1:10). So, I think that a good investment is both BTC and LTC. |
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lucas.sev
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June 23, 2013, 06:47:26 PM |
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From investment point of view, by your beliefs staying in BTC is dumb. Why hold BTC if LTC will appreciate faster.
I say that LTC will appreciate faster in the short-term because of MtGox adopting. Then LTC will grow 1:1 with BTC. So, I thnik good investment is both BTC and LTC. I understand, so assuming what you say is right, it is better to buy fully into LTC now, because it will appreciate faster in short term, and then go 1:1 with BTC, so, as it will go 1:1, it does not really matter if you hold BTC or LTC at that point. |
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fr33d0miz3r
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June 23, 2013, 06:49:12 PM |
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so, as it will go 1:1, it does not really matter if you hold BTC or LTC at that point.
In long term yes. |
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lucas.sev
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June 23, 2013, 06:50:57 PM |
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so, as it will go 1:1, it does not really matter if you hold BTC or LTC at that point.
In the long-term yes. And in short term it is better to hold LTC. |
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