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_javi_
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July 10, 2015, 08:08:05 PM |
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$12 spread between btc-e and huobi...
wtf ??
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SBear
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July 10, 2015, 08:11:02 PM |
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$12 spread between btc-e and huobi...
wtf ??
They're sleeping.  |
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Bicmac1973
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July 10, 2015, 08:11:59 PM |
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Regarding the LTC ponzi scheme: the question is if this guy will really cash out to RMB anytime soon. Personally I highly doubt it, because Chinese authorities will rip him to pieces, when this thing blows up. If I would be him, I would leave the country as soon as possible.
So that LTC run up and free fall was due to this ponzi or just the fact that they cashed out the LTC ? The run up was very likely caused by the ponzi scheme, because the LTC amount was insane. It is speculated that the LTC was dumped for BTC (IMHO very probable). Now the question is what will happen with the BTC stash this guy 'earned'. In one of the articles posted above they speculate that the BTC are dumped for RMB on the Chinese exchanges. Personally I do not believe that. The guy would be crazy if he would stay in mainland China. |
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elux
Legendary
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Activity: 1458
Merit: 1006
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July 10, 2015, 08:12:21 PM |
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LTC is getting reeeeally close to halvening... from yesterday's ponzi high.   |
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SBear
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July 10, 2015, 08:27:07 PM |
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Here comes the price drop.
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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July 10, 2015, 08:28:05 PM |
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If I could short LTC, I imagine I'd be rich. But I hope it's the other way around and my inability to short it saved me from going broke  I tried earlier, LTC gives nothing on the short side right now. Pumpers are in full swing.  Too bad I made nothing on this drop lol |
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illodin
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July 10, 2015, 08:29:50 PM |
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This litecoin rise won't break anytime soon. Couple of other interesting btc-e coins will see even bigger gains in the close future.
This was all predictable if you knew more then to buy one type of coin and then just sit on your ass, trying to pray for success.
3 hours give or take. |
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600watt
Legendary
Offline
Activity: 2338
Merit: 2106
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July 10, 2015, 08:36:54 PM |
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BTC DEAD CAT BOUNCE BULL TRAP DONT BE A BAGHOLDER GOING DOWN TO DOUBLE DIGITS THEN GOING BELOW ZERO!!!
you got me, i'm selling |
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rebuilder
Legendary
Offline
Activity: 1615
Merit: 1000
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July 10, 2015, 08:38:17 PM |
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So that bidside stairway seems to have disappeared on Bitfinex. Used to buy at market or simply pulled?
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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July 10, 2015, 08:39:32 PM |
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Don't laugh at my target :-D Long term holder here. This chart shows where I've been loading up and what my DCA is. Exciting to almost be in the black after so long.  way to dig yourself out of a bad entry point. well done, sir, and good plan! |
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JimboToronto
Legendary
Offline
Activity: 4256
Merit: 5111
You're never too old to think young.
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July 10, 2015, 08:43:13 PM |
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So that bidside stairway seems to have disappeared on Bitfinex. Used to buy at market or simply pulled?
I pondered that and my guess is the former. Probably hoped to buy cheap and when the price started to soar, panic bought. |
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chromosoma
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July 10, 2015, 08:47:00 PM |
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So LTC was sacrificed to rise BTC price.
I am tempted to buy LTC once they fall below pre-pump price...hm...
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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July 10, 2015, 08:50:45 PM |
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So LTC was sacrificed to rise BTC price.
I am tempted to buy LTC once they fall below pre-pump price...hm...
Although not advisable right now, this is a good strategy long term. Most of the times a surge happened, the first one to rise was LTC with BTC following. So; if you're into trading I'd say it's not a bad idea at all. Be sure though you're trigger happy and do not ask too much from your life. I mean an 8x pump was a no brainer even to the most extreme LTC believer... |
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ejinte
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July 10, 2015, 08:53:13 PM |
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So LTC was sacrificed to rise BTC price.
I am tempted to buy LTC once they fall below pre-pump price...hm...
Coming to you soon. Litecoin has already lost half of it's value in less than twelve hours. |
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bassclef
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July 10, 2015, 08:55:40 PM |
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So LTC was sacrificed to rise BTC price.
I am tempted to buy LTC once they fall below pre-pump price...hm...
Yeah it was a pump to get more BTC. That is the coin everyone wants. LTC will make for good trading as it flies around now. Lost a lot of money in the LTC fiasco last night, but made a lot when BTC got pumped. Came out even. Doh. |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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July 10, 2015, 08:57:44 PM |
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If we hold our ground here then I am tempted to take another leveraged bet. Made my last one at 220 which worked out nicely.
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jlauzon
Member
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Activity: 108
Merit: 10
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July 10, 2015, 08:57:57 PM |
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I don't think crypto is even close to taking center stage. Not enough people know of bitcoin, not enough people understand bitcoin, and we won't see widespread adoption until we've solved a few issues. How many users does the entirety of cryptocurrency have? Do we even go into the million? I think bitcoin is going to be widely recognized by 2020, widely used and understood by 2030.
I agree with this; no quick mainstream paradigm shift for crypto. Right now to most it's a curiosity at best. Hash up and hodl. |
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chromosoma
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July 10, 2015, 08:58:51 PM |
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Plot twist.
The LTC dump was fake, to get more LTC!!
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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July 10, 2015, 09:00:20 PM |
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Plot twist.
The LTC dump was fake, to get more LTC!!
Heh, I really doubt it. I think it's gonna push down to $2 again over the next days. |
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HalFinneysBrain
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July 10, 2015, 09:00:40 PM |
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Plot twist.
The LTC dump was fake, to get more LTC!!
...once it gets down to $3. |
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