Elwar (OP)
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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November 18, 2013, 07:19:43 PM |
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Up 138% for the day so far. I do not have many LTC but it is interesting to note because it shows that Bitcoin could do the same thing without any huge crash.
Last time the crash came because MtGox was DDoSed and people panicked. This time we have the Chinese and we have multiple stable exchanges, we could seriously double a few more times, maybe even reaching the point of doubling in a day like LiteCoin did today.
Hold on to your hats folks (and your bitcoins).
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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BittBurger
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November 18, 2013, 07:23:44 PM |
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Ive been trying to figure out why this happened, but I just made a shit ton on Litecoin today .... Now should you hold or sell on Litecoin?  I dont know what to do! |
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NUFCrichard
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Activity: 1218
Merit: 1003
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November 18, 2013, 07:25:47 PM |
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Should be in alts forum, but I agree, it is very weird...
Gox?
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MoreFun
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Activity: 1008
Merit: 1003
WePower.red
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November 18, 2013, 07:27:55 PM |
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Ive been trying to figure out why this happened, but I just made a shit ton on Litecoin today .... Now should you hold or sell on Litecoin? I dont know what to do!Say it wasn't you, alright. |
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mb300sd
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Activity: 1260
Merit: 1000
Drunk Posts
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November 18, 2013, 07:29:35 PM |
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The chinese ran out of bitcoins, so their buying litecoins instead!
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1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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BittBurger
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November 18, 2013, 07:29:56 PM |
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How do you get USD out of litecoin anyways? Got to sell Litecoin for Bitcoin then transfer to another exchange, then cash out to USD ? |
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BittBurger
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November 18, 2013, 07:30:17 PM |
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Fuck what if Chinese get on the Litecoin train?
Someone needs to open a litecoin exchange in china.
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Zangelbert Bingledack
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Activity: 1036
Merit: 1000
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November 18, 2013, 07:30:51 PM |
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Litecoin wasn't moving for a long time as Bitcoin rose and doubled and doubled, so then Litecoin sprinted to make up for lost time.
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SaltySpitoon
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Activity: 2590
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Welcome to the SaltySpitoon, how Tough are ya?
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November 18, 2013, 07:33:54 PM |
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Yep, I'm sure this will be in Alt Currencies shortly.
Litecoin is one of the more popular alt coins, because it has stood for years now, had a similar introduction as Bitcoin, but the Dev (Coblee) was public, and worked closely with the Bitcoin community to create Litecoin. What Litecoin actually does for the community, is first, allows a arbitrage pair that doesn't rely on fiat. If you want to trade back and forth between BTC and LTC, you don't have to ever touch USD which is subject to tons of regulations. Also, because it is ASIC unfriendly, it doesn't compete for BTC resources, not effecting the Bitcoin.
Technically speaking, if the same amount of users and services were available, LTC would be roughly 1/4th the value of BTC. But it has historically been more like 1/20th-1/40th. With the price of BTC on the rise, the price of LTC is also on the rise. Hopefully, what will happen now, is people will see LTC as a more legitimate currency, shops and services will integrate both BTC and LTC payment processing, and we will see LTC approach that 1:4 ratio somewhat.
Things to consider: Bubbles, if BTC is in a bubble, so is LTC
Exchanges: Something interesting to note, is that BTCChina is owned by Coblee's brother, so Litecoin hitting the chinese market is a fairly reasonable assumption, especially as value goes up and it catches people's eyes.
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qu.fadep
Newbie
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Activity: 37
Merit: 0
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November 18, 2013, 08:02:53 PM |
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Simply LTC accepted on OKPAY  |
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BittBurger
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November 18, 2013, 09:02:40 PM |
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Simply LTC accepted on OKPAY ? Please elaborate / clarify? |
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vendetahome
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November 18, 2013, 09:10:09 PM |
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How do you get USD out of litecoin anyways? Got to sell Litecoin for Bitcoin then transfer to another exchange, then cash out to USD ? Are you serious? Yo can exchange LTC to USD directly at btc-e |
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FiiNALiZE
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November 18, 2013, 09:13:23 PM |
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How do you get USD out of litecoin anyways? Got to sell Litecoin for Bitcoin then transfer to another exchange, then cash out to USD ? Are you serious? Yo can exchange LTC to USD directly at btc-e I wouldn't recommend it. I've lost over $100 due to their fees. Paypal is pretty much the only viable option and there is a 10% total fee (7% BTC-e and 3% Paypal) Now I just convert my alts into BTC, then send it to Coinbase and withdraw USD from there. You only pay around $0.50 in fees and the transfer to my bank account usually completes in the next business day. |
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tacotime
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Activity: 1484
Merit: 1005
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November 18, 2013, 09:16:59 PM |
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Things to consider: Bubbles, if BTC is in a bubble, so is LTC
Exchanges: Something interesting to note, is that BTCChina is owned by Coblee's brother, so Litecoin hitting the chinese market is a fairly reasonable assumption, especially as value goes up and it catches people's eyes.
I'm kind of wondering if the brothers are waiting to coordinate the launch between the Chinese exchange and Coinbase, buying a bunch of LTC before doing so. |
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns |
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Mjbmonetarymetals
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Activity: 1096
Merit: 1067
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November 18, 2013, 09:54:12 PM |
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Bitrated user: Mick.
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qu.fadep
Newbie
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Activity: 37
Merit: 0
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November 19, 2013, 10:09:53 PM |
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Simply LTC accepted on OKPAY ? Please elaborate / clarify? OKPAY now accepts the adding funds from your LTC Wallet.. Very usefull and quickly adding funds method. |
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