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Ohhh My Gox. It’s Litecoin around the corner
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Topic: Ohhh My Gox. It’s Litecoin around the corner (Read 772 times)
btctrack
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Ohhh My Gox. It’s Litecoin around the corner
April 22, 2013, 03:37:04 PM
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http://www.bitanalyst.com/ohhh-my-gox-its-litecoin-around-the-corner/
...For the past week, as everyone was waiting patiently for the event, Litecoin traded at roughly 0.024 BTC. Trading was slow, dull, with no real appeal and no big deals or collection of Litecoins as one would expect. Continued difficulties and events at Mt.Gox only brought disbelief in Mt.Gox as a leading platform, and its acceptance of Litecoin into its trading.
Yet today, something changed.
It started with a huge order of 100,000 Litecoins! which at the time was equivalent to 2,222 BTC. This represented an order in the magnitude of $250,000 and to put things in perspective – that is equivalent to ~0.6% of all Litecoins currently in circulation (~17 million) ...
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Re: Ohhh My Gox. It’s Litecoin around the corner
April 22, 2013, 03:43:17 PM
#2
Facepalm, gox down again.
BTC:
1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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