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TsuyokuNaritai (OP)
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April 27, 2013, 07:09:00 AM
Last edit: April 27, 2013, 07:32:26 AM by TsuyokuNaritai |
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This is intended as a wall/speculation tracker that's not specific to a single coin, but is specifically for bitbugs rather than paperbugs (see below). If no-one else uses it, I'll just post my own stuff here occasionally hoping for constructive feedback. Please stick to these guidelines: - No lying. This isn't the BTC-E trollbox. Speaking of which...
- No trolling. Jokes & good-natured teasing are cool, but flame wars belong elsewhere.
- Price against BTC. If you must think in Fiat, please be clear you're doing that. Don't just say "I think Litecoin will go up..." unless you mean LTC/BTC.
I'm hoping it won't keep getting overrun by the latest coin-of-the-week, but I won't make any rules about that unless it becomes an issue. |
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qxzn
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April 27, 2013, 07:12:58 AM |
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It almost doesn't matter how much the ltc/btc rate goes up before ltc hits gox. Once it hits gox, it will go up further.
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TsuyokuNaritai (OP)
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April 27, 2013, 07:25:08 AM |
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It almost doesn't matter how much the ltc/btc rate goes up before ltc hits gox. Once it hits gox, it will go up further.
Indeed. But maybe not as much as this will... Namecoin had been in Gox's test API and mentioned in a few messages, on reddit, etc. but was missed out of their recent press release which officially announced that support for Litecoin would happen soon, raising concerns that NMC support could be much later, if it still happened at all. Well, today Gox confirmed that support for NMC will also "happen soon". https://twitter.com/MtGox/status/327921790800240640I don't think this has been noticed yet. I haven't seen it mentioned here, on Reddit, or anywhere easily noticeable so I wouldn't be surprised if NMC goes up by quite a bit shortly... |
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calian
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April 27, 2013, 08:45:53 AM |
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Glad someone started this. I wish there were an entire altcoin speculation subforum as it would be fun to watch the sentiment. Which leads to my question - who is actually buying these coins? As in spending your hard won BTC on Feathercoins, BBQ coins, Terracoins, Novacoins, etc. I understand LTC has a pretty good sized community at this point, NMC has been around a long time and PPC offers a new method of producing coins. Aside from those three though it seems like Satoshi Dice might offer better odds?
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TsuyokuNaritai (OP)
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April 28, 2013, 04:10:31 PM |
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Glad someone started this. I wish there were an entire altcoin speculation subforum as it would be fun to watch the sentiment. Which leads to my question - who is actually buying these coins? As in spending your hard won BTC on Feathercoins, BBQ coins, Terracoins, Novacoins, etc. I understand LTC has a pretty good sized community at this point, NMC has been around a long time and PPC offers a new method of producing coins. Aside from those three though it seems like Satoshi Dice might offer better odds?
They can all make you BTC if you buy and sell at the right time, which is what we're here to figure out.  Looks like the world at large still hasn't noticed that tweet about Namecoin. Hardly anyone's likely to be watching this thread yet, so I've specifically not mentioned it elsewhere to see how long it takes the news to break out.  I'm still astonished by how long it takes most altcoin market traders to react to important fundamentals, considering how fast they jump for minor price fluctuations or the divine word of Fontas. (If you don't know who he is yet, you probably don't need to right now - he's taking a break following a recent fall from grace, so there might be a bit more stability in the alt markets for a while...) Any ideas why Litecoin is falling so hard right now?  |
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calian
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April 29, 2013, 08:37:42 AM |
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They can all make you BTC if you buy and sell at the right time, which is what we're here to figure out. Looks like the world at large still hasn't noticed that tweet about Namecoin. Hardly anyone's likely to be watching this thread yet, so I've specifically not mentioned it elsewhere to see how long it takes the news to break out. I'm still astonished by how long it takes most altcoin market traders to react to important fundamentals, considering how fast they jump for minor price fluctuations or the divine word of Fontas. (If you don't know who he is yet, you probably don't need to right now - he's taking a break following a recent fall from grace, so there might be a bit more stability in the alt markets for a while...) Any ideas why Litecoin is falling so hard right now? Ah, so capitalizing on the information asymmetry inherent in a thinly traded market? I actually hesitate to jump into much of this in large part because of the lack of clearly visible information. Bitcoinity, bitcoincharts, etc. have really spoiled me and while dustcoin might be great for miners it doesn't tell a trader much. Btc-e is strange. The quotes are different when you load the main page than when you visit the specific currency page, etc. Also trusting vircurex/btc-e isn't so easy. |
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TsuyokuNaritai (OP)
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April 29, 2013, 02:36:05 PM |
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I actually hesitate to jump into much of this in large part because of the lack of clearly visible information.
This is wise. Best to learn first, then start slow. Here's a good thing to read: https://bitcointalk.org/index.php?topic=188363.msg1966430#msg1966430Bitcoinity, bitcoincharts, etc. have really spoiled me and while dustcoin might be great for miners it doesn't tell a trader much. Btc-e is strange. The quotes are different when you load the main page than when you visit the specific currency page, etc.
Dustcoin tells you the market caps, which helps you tell if something is over/underpriced. The mining ratio there can give a hint about how miners may be about to move, and if it jumps erratically, that can be a warning flag for that coin. Don't trust the altcoin wall charts too much, as well as being lagged a lot of the walls are fake, intended to influence price rather than to buy or sell. Also trusting vircurex/btc-e isn't so easy.
Don't leave much in the exchange, just what you're trading and can afford to lose. Enable 2-factor authentication on both. BTC-E is particularly shady, check out the threads on here about it & beware of the trolls. |
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Walter Rothbard
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April 29, 2013, 05:07:05 PM |
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Also trusting vircurex/btc-e isn't so easy. I have built a lot of trust in Vircurex over the last few months. They have impressively weathered some storms, and apparently done right by their users every time. |
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SpaceCadet
Full Member
 Offline
Activity: 165
Merit: 100
Just mining my own business...
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April 29, 2013, 08:12:18 PM |
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I'd be interested to see if there are any sites that facilitate FOREX (trading against relative changes of value between currencies) or arbitrage (trading against differences in the price of one currency between exchange houses).
I suppose the first question is: Does the relative difference in value of one currency to another (e.g., LTC/BTC) change enough (after trading fees) to warrant moving from one currency to another? Or is the market too immature to readily support such trading (very few exchange houses, insufficient rate data, insufficient APIs, etc)?
Thoughts?
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calian
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May 20, 2013, 07:40:49 AM |
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Quiet on this thread lately... I thought we might be entering a bear market on the altcoins a couple days ago. Now it's just turned into random noise - hard to pick up an overall trend.
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TsuyokuNaritai (OP)
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May 21, 2013, 02:38:40 AM |
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I'd be interested to see if there are any sites that facilitate FOREX (trading against relative changes of value between currencies) or arbitrage (trading against differences in the price of one currency between exchange houses).
I suppose the first question is: Does the relative difference in value of one currency to another (e.g., LTC/BTC) change enough (after trading fees) to warrant moving from one currency to another? Or is the market too immature to readily support such trading (very few exchange houses, insufficient rate data, insufficient APIs, etc)?
It can do, but you need to be careful. It's not just fees & the value of your time, there's risk factors, especially if one of the exchanges is buggy or otherwise dodgy. I've had Feathercoins locked in cryptonit for weeks.  Quiet on this thread lately... I thought we might be entering a bear market on the altcoins a couple days ago. Now it's just turned into random noise - hard to pick up an overall trend.
Yeah, I've mostly quit trading & gone back into BTC for a while, partly because of this, partly to pay serious attention to the security aspect. No point making lots of BTC if it's not protected, and for a relative noob like me that takes work to get right. |
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BitJohn
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May 21, 2013, 02:43:47 AM |
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I use CampBX as my main FIAT in and out exchange and they have stated that they will add Litecoin soon. Great news! https://CampBX.com/register.php?r=71W7SUaY6y9 (shameless link to Campbx if you register you get a 10% discount on trades) |
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TsuyokuNaritai (OP)
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June 01, 2013, 02:31:44 PM |
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Cool. There's now a wall observer thread on the PPC forum.  http://www.ppcointalk.org/index.php?topic=202Incidentally, I've been out of every altcoin except LTC and DVC since that last post, and the only reason I didn't completely drop Devcoin is the slippage would have been so bad I thought I may as well hang on to a few. Looks like I got out of everything just in time. |
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TsuyokuNaritai (OP)
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June 08, 2013, 12:22:02 PM |
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Some good links, thanks. Opinions on feathercoin? Long term I think it can become huge (just based on it's community support). I was planning on buying in when it stopped falling, hoping it would settle then rise gently, so much for that idea. I think the current spike is a pump-and-dump... but I bought back in anyway because I don't want to miss the boat in case it never comes back down. Those featherfans are not going to quit and they're starting to get their act together. |
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TsuyokuNaritai (OP)
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June 22, 2013, 08:00:34 AM |
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So... sold the FTC just in time then gave up on the sliding altcoin bear markets of despair & had a look round the securities. Wasn't convinced by most but jumped into ASICMiner and BTCInvest with both feet & pretty much live there now. Except I threw all my spare uninvested BTC into LTC a few hours ago, sure I don't need to tell you why! Everything going to the moon, haven't had this much fun since April. Any opinions on when the rest of the alts might come back out of the wilderness? |
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