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Author Topic: S.BBET-PT and S.DICE-PT on LTC-Global lesson learned?  (Read 437 times)
Zedster
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April 22, 2013, 06:25:02 PM
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Well I bought into these with my LTC back in February when everything looked kinda rosy for them both and LTC was pennies.  That quickly went south about 3 weeks later. Both still show no sign of ever making a comeback.  Since the rise in cryptocurrency prices this has taught my first lesson trading.  I should have gotten out at the first sign of trouble.

What is everyone elses take on the future of these two PTs?  Dump 'em and move on or wait for the second coming? Not whining just curious what other think of these PTs today.

DICE just seems over and done IMO since the price frenzy.  BBET looking back never really was going anywhere.  Those two statements should illicit some flames I bet.

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Zedster
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April 26, 2013, 06:12:59 PM
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Shameless bump as DICE has really hit the gutter now.  I almost owe burnside for having it. Tongue

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April 26, 2013, 06:29:00 PM
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It was your own investment decision. If LTC had dropped in value, then your DICE and BBET shares would have risen in value. They dropped in value because LTC went up 1500% against BTC. (well DICE had also dropped in value in BTC too).

Anyway I think it's a bad idea to purchase any security denominated in BTC or USD, unless your intention was to sell your LTC. If you wanted to invest your LTC, I feel the only viable investment is LTC-GLOBAL itself, plus the LTC mining bonds

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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April 26, 2013, 07:38:20 PM
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Cryptocurrency just seems like a much better investment than any crypto-denominated stock. The networks behind decentralized cryptos are able to repair and reform if one part fails. Even if a lead developer gets hit by a bus, or has a midlife crisis, it is possible for the currency to survive. On the other hand, buying a crypto stock means giving up these characteristics and replacing them with an interest in a single-failure-point fragile startup business.
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