silverfuture
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central banking = outdated protocol
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June 17, 2017, 07:34:01 PM |
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Not sure if it's been discussed here recently or not but does anyone think there is weight to the idea that as we get closer to Aug 1st more coins will be withdrawn from exchanges and causing a greatly reduced supply?
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Dabs
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Activity: 3416
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The Concierge of Crypto
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June 17, 2017, 07:36:14 PM |
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I understand your point, and maybe in your country that would work... But let's see what would happen in Spain (and probably MANY other countries):
Maybe not in your country, and maybe you are lucky and they never notice..
What if your BTC stash is worth a few millions some day... Do you think your story, without any sound proof of it, will stand?
Sorry for the late reply, but yeah, I'm actually counting on my country (the Philippines) to not care at all, and it will work. I do have millions (in Philippine Pesos, not in US Dollars), but at the same time I also used to do large cash transactions that the gov doesn't really care about. (I used to handle the accounting and payroll of a small company which had a few hundred employees and sometimes their salaries were paid in cash.) There was also that story of that Norwegian? Who bought an apartment because he mined or bought 5000 bitcoins a few years ago and cashed it out in late 2013 or early 2014. Koch exchanged one fifth of his 5,000 bitcoins, generating enough kroner to buy an apartment in Toyen, one of the Norwegian capital’s wealthier areas. In my case, I don't even keep records. Bitcoin is "fungible" here in my country. Someone wants to buy, I sell. If I want to buy, someone else is selling. And if I'm too lazy or my transaction is too big, I go to one of two "exchanges" and just buy or sell, mostly sell as I don't buy from them. The daily limit is small though, one of them is about 8000 USD per day, and the other one is about 50k USD per day. Anyway, I was just airing out some ideas; I'm sure none of them apply to anyone who doesn't live in my country (which incidentally now has our Central Bank making some "guidelines"). |
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JayJuanGee
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Activity: 3892
Merit: 11130
Self-Custody is a right. Say no to"Non-custodial"
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June 17, 2017, 07:46:56 PM |
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I definitely think Litecoin is still going nowhere, just because it has Segwit now and potentially LN coming doesn't change a thing. No one liked it and no one cared...for years now. And in the last 4 years, Chinese exchanges have quietly mined millions of litecoins (because it was easy and cheap to do), and will happily let this rise for a while only to dumpity-dump dump their millions of litecoins slowly back into the market once a downtrend is confirmed. I've seen it before, and won't be a part of watching that again. The top 3-4 Chinese exchanges own collectively ~8M litecoin.
I disagree, I see litecoin as what btc should have been: no b/s, no political bickering, spam problem solved logically and simply years ago, possibly more decentralized in mining and ownership than btc, always been in the top 10 by traded volume. What is not to like? I'm just sorry that I did not accumulate more when it was cheaper, because my target price is 1/4 of BTC price (because of its final total of 84 million LTC). Your post is ridiculous. Of course, LTC is not going to have the "problems" of BTC... it's market cap is 1/20th of BTC. Probably the same with it's development liquidation possibilities, etc. As you grow, and become more of a threat to banks and governments, such as bitcoin, then the problems you list become part of the package - especially in a decentralized system |
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conspirosphere.tk
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Bitcoin is antisemitic
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June 17, 2017, 07:51:52 PM |
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What if your BTC stash is worth a few millions some day... Do you think your story, without any sound proof of it, will stand?
What if I don't remember the story of each satoshi in my wallet? Maybe I will have to recurse to this new kind of socks for bitcoin users:  |
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JayJuanGee
Legendary
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Activity: 3892
Merit: 11130
Self-Custody is a right. Say no to"Non-custodial"
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June 17, 2017, 07:52:17 PM |
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Is it gonnna be new ATH before weekly candle?
China will tell just in 5 hours!
hm? I know what you are saying is possible, but you are predicting an additional 11% rise in less than 28 hours, after we just experienced about a 6% rise in the past 24 hours? A bit much no? |
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steelboy
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June 17, 2017, 07:52:32 PM |
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Loving the LTC rally! Its the only other coin I hold and have done since $1.  |
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leowonderful
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Activity: 1624
Merit: 1130
Bitcoin FTW!
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June 17, 2017, 07:56:31 PM |
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Loving the LTC rally! Its the only other coin I hold and have done since $1. Only Bitcoin here for me, and that was starting at 300. I'm happy with what I've got, not a gambly person. I used to hold LTC but sold for Bitcoin a while back in 2015. Not a decision I regret at all, considering what's happened recently. |
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BlackFlag
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June 17, 2017, 08:09:53 PM |
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where to go next?  |
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Last of the V8s
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Activity: 1652
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Be a bank
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June 17, 2017, 09:04:06 PM
Last edit: June 17, 2017, 11:32:49 PM by Last of the V8s |
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https://xotika.tv/#/channel766/BitcoinUncensored right now Danny Brewster on Neo and Bee. Sad edit: something something claims https://neodisrupt.com/bonus terrifying lol: The Future Against All The Odds - The Plan Remains The Same The original Neo plan was to make Bitcoin more accessible and user friendly, through the development of infrastructure built around the Bitcoin technology. All of our software is segwit ready
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Meuh6879
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Activity: 1512
Merit: 1012
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June 17, 2017, 10:01:00 PM |
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a whale exit pump? in a few weeks it's possible litecoin is gonna lose its usp and it's back to business as usual.
few weeks ? this whale can only pump like 3 Millions at max ... so 3 days with 1 million daily. |
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wgd
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Activity: 1815
Merit: 1005
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June 17, 2017, 10:07:22 PM |
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BlackFlag I found few bitcoin price charts. One is optimistic:  and the second is sceptical  It depends if we will break trendline or not, so look carefully at the trendline |
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deepcolderwallet
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June 17, 2017, 10:54:00 PM |
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Flo has a total market cap of 14 million. BTC trades every day 1.4 billion, so how is it having that effect.
My thought on litecoin rising was its benefitted as the general idea of segwit is in the news as valid proposal for bitcoin. It kinda lends authority to litecoin that its already got it working and litecoin is even cited in the reasoning of some pools for proceeding with the larger market.
I see the volume traded for Litecoin in value exceeds bitcoin, at least today
Actually IMO it's about Charlie Lee resign from Coinbase to focus on Litecoin development. https://news.bitcoin.com/charlie-lee-resigns-from-coinbase-to-focus-on-litecoin |
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European Central Bank
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Activity: 1288
Merit: 1087
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June 17, 2017, 10:56:19 PM |
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one guy changing his job pulls in millions of extra pump? sheesh. it don't take much these days. |
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BlackFlag
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June 17, 2017, 10:56:42 PM |
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@wgd thx
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deepcolderwallet
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June 17, 2017, 11:04:26 PM |
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Not sure if it's been discussed here recently or not but does anyone think there is weight to the idea that as we get closer to Aug 1st more coins will be withdrawn from exchanges and causing a greatly reduced supply?
I agree with you, I'd not let my BTC on exchanges running the risk of missing their duplication to another blockchain. |
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deepcolderwallet
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June 17, 2017, 11:08:36 PM |
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I definitely think Litecoin is still going nowhere, just because it has Segwit now and potentially LN coming doesn't change a thing. No one liked it and no one cared...for years now. And in the last 4 years, Chinese exchanges have quietly mined millions of litecoins (because it was easy and cheap to do), and will happily let this rise for a while only to dumpity-dump dump their millions of litecoins slowly back into the market once a downtrend is confirmed. I've seen it before, and won't be a part of watching that again. The top 3-4 Chinese exchanges own collectively ~8M litecoin.
I disagree, I see litecoin as what btc should have been: no b/s, no political bickering, spam problem solved logically and simply years ago, possibly more decentralized in mining and ownership than btc, always been in the top 10 by traded volume. What is not to like? I'm just sorry that I did not accumulate more when it was cheaper, because my target price is 1/4 of BTC price (because of its final total of 84 million LTC). Your post is ridiculous. Of course, LTC is not going to have the "problems" of BTC... it's market cap is 1/20th of BTC. Probably the same with it's development liquidation possibilities, etc. As you grow, and become more of a threat to banks and governments, such as bitcoin, then the problems you list become part of the package - especially in a decentralized system FYI today I made a transaction through changelly, last week following the news about Charlie Lee I bought some LTC for 10 mBTC and today I decided to cash back in BTC at 17mBTC. The 2 confirmation demanded by changelly in LTC took over 15 minutes, while 2 confirmations in BTC chain took less than 3 minutes. |
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deepcolderwallet
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June 17, 2017, 11:13:10 PM |
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one guy changing his job pulls in millions of extra pump? sheesh. it don't take much these days. AFAIK he's the creator of Litecoin, isn't he? If it's true it really matters. Imagine Satoshi coming back to defeat Jihan-Ver evil empire? |
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European Central Bank
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June 17, 2017, 11:14:50 PM |
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AFAIK he's the creator of Litecoin, isn't he? If it's true it really matters. Imagine Satoshi coming back to defeat Jihan-Ver evil empire?
well yeah but the news is several days old and we already know what their development road map looks like anyway. it's positive. not earth shattering. |
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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June 17, 2017, 11:43:08 PM |
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AFAIK he's the creator of Litecoin, isn't he? If it's true it really matters. Imagine Satoshi coming back to defeat Jihan-Ver evil empire?
well yeah but the news is several days old and we already know what their development road map looks like anyway. it's positive. not earth shattering. litecoin pump was signalled long before Lee's announcement https://twitter.com/PennStationNYC/status/867447415284133890 Entrepreneur @PennStationNYC May 24 If litecoin doesn't reach $50 in the next 60 days I will pay every person who likes & retweets $10,000! This is a legally binding agreement. 67 replies 899 retweets 1,136 likes |
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