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Author Topic: Why the loss of confidence in litecoin?  (Read 13698 times)
Morbid
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November 26, 2013, 12:22:34 AM
 #181

somebody heavily invested at 7pm gmt. impressive. seems they know something we dont. the price will probably rise alot soon. its funny to remember all those who dumped their ltcs for pennies when it was going down for a while. now we witness ressurection of a coin!

"between 'lives' we all have a great laugh about the parts we have performed in the 'play', and look forward to and have great fun preparing the next chapters to act out."
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November 26, 2013, 03:30:16 AM
 #182

Wow, nice to see how much money I made off crappy litecoins today..lol
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November 26, 2013, 04:36:06 AM
 #183

i had a dream last night that LTC went up 8 USD in like one day.

Yes it was a dream.



Well his dream came true...



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November 26, 2013, 06:17:23 AM
 #184

Apparently, someone massively lost confidence in litecoin about 10-11 hours ago  Wink

LTC/BTC ratio is slowly but surely approaching a fair one, 0.05 by February-March -> 0.1 in 1-2 years time -> maybe 0.25 some day.
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November 26, 2013, 07:18:03 AM
 #185

Apparently, someone massively lost confidence in litecoin about 10-11 hours ago  Wink
Since you're going to gloat about yet another "but in the last X hours", you could have made a higher profit with many other altcoins (I believe at least 4 made +50-100%), Litecoin actually underperformed them. Not that I would recommend buying them.

Some people even think litecoin is going to lose its altcoin king crown!

Has the price jumped in response to your litecoin hate? Keep trolling  Cheesy
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November 26, 2013, 08:35:38 AM
 #186

Apparently, someone massively lost confidence in litecoin about 10-11 hours ago  Wink
Since you're going to gloat about yet another "but in the last X hours", you could have made a higher profit with many other altcoins (I believe at least 4 made +50-100%), Litecoin actually underperformed them. Not that I would recommend buying them.

Some people even think litecoin is going to lose its altcoin king crown!

There is such a thing as risk/reward ratio.

With other alt-coins risk/reward ratio is significantly higher, that's exactly why you wouldn't recommend buying them.

With Litecoin risk/reward ratio, in my opinion, is lower than with other alt-coins, so if somebody wants to make a wild bet, but wants to maintain relative peace of mind (not even bitcoin can provide 100% peace of mind, so it's all relative), Litecoin would be the first choice to buy. Other alt-coins do have potential, but are too risky now, that's why I wouldn't recommend putting more than 5% of total investment into other alt-coins, too risky. Yes, they can double in 24 hours, and they can lose their value as fast.

Of course, your view on risk/reward ratio can be different, and you are free to think that Litecoin is as risky as other alt-coins. And that's a good thing that you do, that way we can have balanced opinions about stuff. It's certainly not a good thing to be emotionally inclined when investing, and thank you for providing this kind of sobering down hot heads Smiley
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November 26, 2013, 10:10:11 AM
 #187

i had a dream last night that LTC went up 8 USD in like one day.

Yes it was a dream.



Well his dream came true...

thanks for reminding me. i forgot about that. its great to notion that all those months of mining based on this belief didnt go to waste. i held on tight while all were abandoning the coin. i somehow thought there will always be market for alternatives and distribution of wealth must also apply to cryptos.

"between 'lives' we all have a great laugh about the parts we have performed in the 'play', and look forward to and have great fun preparing the next chapters to act out."
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November 26, 2013, 03:14:38 PM
 #188

$13.75 and climbing!!

Keep trolling, pankkake!!
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November 26, 2013, 05:14:49 PM
 #189

Still using USD. Hilarious.

Predicted by yours truly by the way:
http://log.bitcoin-assets.com/?date=23-11-2013#389062

I guess many of you will come bragging - though most of you still did buy higher than what it is now. The only question is how long it will last, unless somehow something makes litecoin actually solving anything new.

You are always looking for an excuse to cover up your predictions that are way way...way off. I think your ego makes you blind to see how awesome and supportive Litecoin to Bitcoin actually is.


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November 26, 2013, 05:19:26 PM
 #190

Still using USD. Hilarious.

Predicted by yours truly by the way:
http://log.bitcoin-assets.com/?date=23-11-2013#389062

I guess many of you will come bragging - though most of you still did buy higher than what it is now.

you do realise that most of forum members here mined their ltcs. only few actually bought/exchanged it.

"between 'lives' we all have a great laugh about the parts we have performed in the 'play', and look forward to and have great fun preparing the next chapters to act out."
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November 26, 2013, 05:47:36 PM
 #191

Still climbing!! Going great
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November 26, 2013, 05:49:27 PM
 #192

God lite coin and namecoin are flying away


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November 26, 2013, 06:28:54 PM
 #193

its probably speculator's children are having a go.

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November 26, 2013, 06:48:08 PM
 #194

ATH $17....
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November 26, 2013, 07:18:40 PM
 #195

ATH $17....

ATH $18.3....
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November 26, 2013, 07:45:10 PM
 #196

While I'm glad my litecoin holdings have risen recently, all I have to do is look at LTC/BTC to know that they were once valued much higher. Why would I care about dollar value? I invest in BTC.

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November 26, 2013, 07:58:22 PM
 #197

While I'm glad my litecoin holdings have risen recently, all I have to do is look at LTC/BTC to know that they were once valued much higher. Why would I care about dollar value? I invest in BTC.
What is LTC/BTC ATH?  it is 0.02201 at moment
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November 26, 2013, 08:06:02 PM
 #198

What is LTC/BTC ATH?  it is 0.02201 at moment
0.033 or around that
edit: 0.03498

At the rate it is rising, should be well before New Year.
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November 26, 2013, 08:15:18 PM
 #199

What is LTC/BTC ATH?  it is 0.02201 at moment
0.033 or around that
edit: 0.03498

ATH LTC/BTC was 0.044
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November 26, 2013, 08:21:28 PM
 #200

I highly doubt it. See this, by the way.

Oh, some people don't have enough fun and excitement with the cryptos fluctuations as it is, they also have to bet on certain events, that's addiction Smiley

So what if it doesn't rise to 0.04, but only to 0.035 or even 0.03, who cares, the trend is set now. Most importantly, the rise is not as sudden as in April when ltc/btc briefly and abruptly spiked high and then crashed as quickly, this time it's slowly but surely grinding to the new heights, which proves there is weight to this trend.

I don't like casinos, so I don't want to bet on a certain ratio, I just do ltc/btc trade, that's good enough bet for me.
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