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Author Topic: Should have put money in Litecoin instead.... WTF is this s***!!  (Read 1466 times)
Dafar
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November 26, 2013, 10:16:49 PM
 #1

 http://coinmarketcap.com/


Litecoin, Namecoin, Novacoin, Peercoin... everything went up significantly in the last 24 hrs while bitcoin is standing there holding its d*ck and hovering around 800. Everytime I invest in something everything else goes up....  Embarrassed I'm sorry guys, but I really believe I ruined it for everyone by getting into bitcoin because this is just how my luck always plays out... always. The forces of nature does everything in its power to make sure I never get lucky Cry




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November 26, 2013, 10:43:35 PM
 #2

Half of the other alt coins are being inflated through pump and dump schemes (e.g. NVC, possibly NMC) and others are rising on general speculation. Litecoin is a different case. I've long been of the opinion that the cryptocurrency market isn't zero-sum, nor is it 'winner takes all'; in order to maintain liquidity outside of fiat, a second cryptocurrency is necessary to absorb market fluctuations in XBT, thus bringing stability by smoothing out panics. This is the heart of the LTC-as-silver argument.

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November 26, 2013, 10:44:19 PM
 #3

most things are cyclical

to be fair most alts were ridiculously underpcied
I mean coins with communities, services, designs,going for cents and fractions of cents while bitcoin was like $600

also people panicked and believed hype that btc was going to $35k each in one hit lol
it may, one day, who knows but nothing goes up like an arrow and never goes down, bitcoin never has and never will
it's altcoins overdue catchup

tbh if you hold then the huge rise will come for btc I'm sure

it's best to hold coins rather than keep buying sand selling imo

hold your btc, say 75% and have a play with 25% of your btc in some alts you think underpriced
up to you

again, be prepared to hold for months imo at least

2 coins undervalued imho;  franko and megacoin
great coins, bright futures, honest coins with great communities

and I can promise you megacoin is going to be blowing people away in coming weeks/months

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November 26, 2013, 10:45:42 PM
 #4

Chinese are blindly pumping money into LTC... It's incredible to watch.

The crash is going to be dramatic.

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November 26, 2013, 10:55:53 PM
 #5

All coins are up. Litecoin isn't the one with the highest rate of growth.


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November 26, 2013, 11:05:43 PM
 #6

Altcoins are high risk, high reward.

Invest sparingly Wink

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November 26, 2013, 11:17:07 PM
 #7

Put all in XPM Smiley



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November 26, 2013, 11:35:32 PM
 #8

It was inevitable, people will always go to the next best thing when something gets too expensive. There always seems to be a small knock-on / trickle down effect when each currency rises.  There's probably a bigger mark up to be made backing one of the other up-and-coming cryptos now whilst they're still cheap. FTC is still under 50 cents and I bought in at 12 cents so it's worth a pop in grabbing what you can afford.

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November 26, 2013, 11:59:01 PM
 #9

Altcoins are high risk, high reward.

Invest sparingly Wink
Put a little bit of them everywhere and you're good to go.


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November 27, 2013, 12:00:31 AM
 #10

Also I notice a trend, when the winter comes, people start heavily mining with GPU's at this time. Guess when electricity is at it's cheapest, people mine more, which causes people pump more coins into the crypto economy. Plus the demand seems to get higher from Fall to Winter time also. Summer and Spring seems to be the down time for cryptos....

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
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November 27, 2013, 12:01:02 AM
 #11

I bought 18ltc earlier, rather glad I did Cheesy

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November 27, 2013, 12:03:15 AM
 #12

Also I notice a trend, when the winter comes, people start heavily mining with GPU's at this time. Guess when electricity is at it's cheapest, people mine more, which causes people pump more coins into the crypto economy. Plus the demand seems to get higher from Fall to Winter time also. Summer and Spring seems to be the down time for cryptos....
Actually in winter the electricity is more expensive here, hmm?


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November 27, 2013, 12:08:46 AM
 #13

Also I notice a trend, when the winter comes, people start heavily mining with GPU's at this time. Guess when electricity is at it's cheapest, people mine more, which causes people pump more coins into the crypto economy. Plus the demand seems to get higher from Fall to Winter time also. Summer and Spring seems to be the down time for cryptos....
Actually in winter the electricity is more expensive here, hmm?

In California, USA , it's 21 hours off peak hours and only 3 hours partial peak.

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
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November 27, 2013, 12:12:48 AM
 #14

In California, USA , it's 21 hours off peak hours and only 3 hours partial peak.
Here the rates per kwh are almost double in winter compared to summer.


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November 27, 2013, 12:15:11 AM
 #15

In California, USA , it's 21 hours off peak hours and only 3 hours partial peak.
Here the rates per kwh are almost double in winter compared to summer.

Do you live by a coast or major city? Usually that applies to expensive areas and coastal areas. I live the the Northern California valley. Rates are cheapest in the winter, because there is no peak hours prices during that time period.

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
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November 27, 2013, 12:16:40 AM
 #16

Also I notice a trend, when the winter comes, people start heavily mining with GPU's at this time.

Good idea to warm up your house and not waste heat energy.

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November 27, 2013, 12:18:57 AM
 #17

Seems that Litecoin might actually happen. I will never understand why, but seems that people will buy anything with coin on it.

PC & Mac repairs
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November 27, 2013, 12:21:27 AM
 #18

Also I notice a trend, when the winter comes, people start heavily mining with GPU's at this time.

Good idea to warm up your house and not waste heat energy.

That's what exactly I'm doing right now....lol....GPU mining and CPU mining. Got 8 computers in my room on...lol....My electric heater is on the corner of my room collecting dust....lol

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
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November 27, 2013, 12:24:09 AM
 #19

Seems that Litecoin might actually happen. I will never understand why, but seems that people will buy anything with coin on it.

The crypto world/economy works in strange ways, I don't even know 100% of what going on at times. Some things don't makes since most of the times and other times it makes sense. Oh well, just ride the roller coaster we call cryptocurrency....

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
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November 27, 2013, 12:25:13 AM
 #20

Seems that Litecoin might actually happen. I will never understand why, but seems that people will buy anything with coin on it.

The crypto world/economy works in strange ways, I don't even know 100% of what going on at times. Some things don't makes since most of the times and other times it makes sense. Oh well, just ride the roller coaster we call cryptocurrency....

At this point if you put your money into anything but Chinacoin you should have made money.
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