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shivansps (OP)
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May 18, 2013, 07:26:46 AM |
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I dont get it, whats the point? if in the same trader you can do BTC/USD, LTC/USD and BTC/LTC, its a no brainer that the only think it do is to create a bot haven making profits from any small margin, here and there. There is just no chance for LTC value to go up alone in this way, because bots will keep it tied up to BTC while they make profits from those movements.
As i see it, the only way, that LTC/USD could have any importance if its done in a LTC/USD ONLY trader, like a mtgox only for LTC.
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live627
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May 18, 2013, 07:33:00 AM |
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But it is up 10-20 cents since yesterday...
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escrow.ms
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Activity: 1274
Merit: 1004
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May 18, 2013, 07:35:42 AM |
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Why not just disallow bots.
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SylTi
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Activity: 108
Merit: 10
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May 18, 2013, 10:35:57 AM |
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I dont get it, whats the point? if in the same trader you can do BTC/USD, LTC/USD and BTC/LTC, its a no brainer that the only think it do is to create a bot haven making profits from any small margin, here and there. There is just no chance for LTC value to go up alone in this way, because bots will keep it tied up to BTC while they make profits from those movements.
As i see it, the only way, that LTC/USD could have any importance if its done in a LTC/USD ONLY trader, like a mtgox only for LTC.
Yeah... but if that's true, btc which is pegged to every over crypto & to the $ should never be able to rise either. And all fiat forex plateforme do trade cross-pair |
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xibeijan
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May 18, 2013, 11:00:30 AM |
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Umm...
LTC/USD is an extremely important currency pair. One that all altcoins should aspire to.
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gica_contra
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May 18, 2013, 11:23:38 AM |
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Umm...
LTC/USD is an extremely important currency pair. One that all altcoins should aspire to.
this... |
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megablue
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May 18, 2013, 11:32:39 AM |
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removing LTC/USD will make Litecoin look bad...
i mean really really bad... do you want that?
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LTC: LQx367oQtbwsc7Ygf9S1B6E1d9LuGk7v11
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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May 18, 2013, 11:35:11 AM |
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It's called triangular arbitrage, it may seem trivial but it is not.
So you don't want a profit opportunity to be there for anybody else because you are to stupid/lazy to exploit it? You better deal with it.
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keatonatron
Sr. Member
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Activity: 308
Merit: 250
Jack of oh so many trades.
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May 18, 2013, 11:46:33 AM |
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I wonder how many bots are actually monitoring this. Every once in a while I see a pretty big difference in prices between the 3, but when I do the calculations it always turns out that you would actually lose money due to the fees BTC-E takes for each transaction (which you would have deducted 3 times for a triangle trade).
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1KEATSvAhbB7yj2baLB5xkyJSnkfqPGAqk
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1Peter
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Activity: 70
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May 18, 2013, 11:47:17 AM |
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I dont get it, whats the point? if in the same trader you can do BTC/USD, LTC/USD and BTC/LTC, its a no brainer that the only think it do is to create a bot haven making profits from any small margin, here and there. Maybe they see that as a good reason? After all, they make profit on all transactions.. |
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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May 18, 2013, 11:49:47 AM |
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I dont get it, whats the point? if in the same trader you can do BTC/USD, LTC/USD and BTC/LTC, its a no brainer that the only think it do is to create a bot haven making profits from any small margin, here and there. Maybe they see that as a good reason? After all, they make profit on all transactions.. The balance of the order book can work against you. |
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1Peter
Member
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Activity: 70
Merit: 10
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May 18, 2013, 02:39:37 PM |
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I dont get it, whats the point? if in the same trader you can do BTC/USD, LTC/USD and BTC/LTC, its a no brainer that the only think it do is to create a bot haven making profits from any small margin, here and there. Maybe they see that as a good reason? After all, they make profit on all transactions.. The balance of the order book can work against you. I'm not entirely sure what you mean here.. could you explain please? |
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hathmill
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May 18, 2013, 02:49:41 PM |
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So if u move $ into btce to buy ltc, you first have to buy btc? -1
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dkameleon
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May 18, 2013, 03:01:40 PM |
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There is just no chance for LTC value to go up alone in this way, because bots will keep it tied up to BTC while they make profits from those movements. In this case we should see almost straight line on LTC/BTC, but it doesn't looks straight at all. |
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fenican
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May 18, 2013, 03:24:08 PM |
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LTC is not pegged to bitcoin it is a major independent currency with its own market of vendors. Hence, LTC/USD is wholly appropriate.
It is entirely possible LTC might eventually supersede BTC and become the most popular currency with LTC trading for $100 and Bitcoin at $3. Stranger things have happened.
Faster time for first confirmation, even if weaker strength, is a major, possibly game winning, advantage of LTC
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1Peter
Member
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May 18, 2013, 03:28:49 PM |
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LTC is not pegged to bitcoin it is a major independent currency with its own market of vendors. Hence, LTC/USD is wholly appropriate. A little while ago it looked like LTC was indeed pegged to BTC.. but now it seems to have broken free. How did this happen? Was it simply down to people trading LTC independently of BTC i.e. LTC/USD, or something else? |
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237
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May 18, 2013, 03:36:24 PM |
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Without reading anything: Removing LTC/USD would be the death for LTC in the long run.
Unless LTCs death is what you want, your proposition is counterproductive to your own goals.
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Donatioins always welcome  LTC: LL2UDTbQNx9UiP37ZzJ4CLQDWm6JPgZG8t |
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Lowlander
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May 18, 2013, 03:38:46 PM |
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Without reading anything: Removing LTC/USD would be the death for LTC in the long run.
Unless LTCs death is what you want, your proposition is counterproductive to your own goals.
+1 |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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May 18, 2013, 07:11:01 PM |
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I dont get it, whats the point? if in the same trader you can do BTC/USD, LTC/USD and BTC/LTC, its a no brainer that the only think it do is to create a bot haven making profits from any small margin, here and there. Maybe they see that as a good reason? After all, they make profit on all transactions.. The balance of the order book can work against you. I'm not entirely sure what you mean here.. could you explain please? Doing that with only the last trades wouldn't work since you have to account for the liquidity in the order book to derive the real prices. I don't really want to give you a tutorial on how to do it. |
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Twerka
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May 18, 2013, 07:15:54 PM |
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I dont get it, whats the point? if in the same trader you can do BTC/USD, LTC/USD and BTC/LTC, its a no brainer that the only think it do is to create a bot haven making profits from any small margin, here and there. There is just no chance for LTC value to go up alone in this way, because bots will keep it tied up to BTC while they make profits from those movements.
As i see it, the only way, that LTC/USD could have any importance if its done in a LTC/USD ONLY trader, like a mtgox only for LTC.
The price difference is so low that the comission of 0.2% makes it worthless. You always get the same or less. Check the prices, do math and you will understand. |
The worst enemy of Bitcoin is Mt.Gox exchange.
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