LOTTOCOIN OLD THREAD, [CLOSED]

[svennand]

I can tell you I know for a fact that 60M coins could be a speculator or miner.

Your wasting your time, these guys aren't going to listen. There's a lot of people on here that could have acquired 100m+ LOT before it hit cryptsy (and probably did). And whether they decided to put it all, 50% of it, or a fraction of it on cryptsy is their business. This attack on the dev (by a forum member thats been here all of 2 weeks) is nothing more than an attempt to undermine the coin & its community & iI suggest we ignore the trolls & move on, there's much more interesting things to discuss.

once again you call forum members trolls for wanting to shed some light on their concerns.
Did it gain anything to do this? no

wallet adress to the premine would solve all of this flamewar...

[1714789182]

1714789182

[damnation]

If you guys spent half as much time trying to make money then complain about something that we cannot change, nor find an answer to right now, you would be rich.


Lets say you guys are right, what difference does it make? If you only make money when the coins go up, then you should sell immediately and not hold onto anything. Coins are volatile, if this coin plummets, get out before it does. trade your coin into a coin you trust before you go to bed and you will never lose.

But regardless... stop talking about it until he answers.

If you really want to hear "You guys are right" fine, "You guys are right" and now you win, and we can move on. If MrLotto comes back and proves you wrong, then I am also wrong for telling you guys are right. Either way, conversation over and back to making more money!

As it seems to be really important i will concede as well..

C3ALL your right.. we are all delusional.. You are the CoinGod of ALT coins and us simple peons have no choice but to bow to your superior knowledge of human nature.

Now can we move on.. i cant believe this has gone on for over 5-6 pages... and truly just a little surprised that the  5-6 pages of FUD dint drive the price further down. I guess most traders don't bother too much with the forum discussions.. just look at the front page.. see whats expected and make their calculations from there

[lumberinvestments]

Just a good advice for everyone, if you want to see your 10 million coins worth 250 BTC then just don't put up for sale anything for now and you will have that in three months time. It will never get dumped in case there will be only few for sale. This kind of coin is very good for lottery sites and I can see it's value increasing to 2500 satoshi if we don't just try to dump it. The way that it increased at start makes me think that it has much more value compared to other coins. We, the ones with many coins, should stick together, form an alliance and not sell it.

Would be good to form some kind of party group of lotto coin early adopters that sit on a big amount of coins and not willing to dump it on the market. Difficulty already too high to produce many coins for dumping I think.
I would be in for this kind of group with 13 millions mined that I will just sit on it right now.

[Oldminer]

once again you call forum members trolls for wanting to shed some light on their concerns.

And yet again you troll this thread.

I'm really not sure what your specific issue is (and tbh I really dont care), but you have never had anything positive to say about LOT since its inception?

There will always be people with 'concerns'. Do we address them all? Do we or the dev's respond to every single whinge like mothers tend to their babies? As I have said to you before, if you dont like lottocoin, for whatever reason, why not just go & mine/trade something else? Theres over 60 coins traded on cryptsy you can pick from. Unless of course you have an agenda?

-------------------------------------------------------------------------

LOT Difficulty   14.13308398

Doubled since yesterday

[nosf009]

So, in 1 day, LOT went from 450k USD to 900k+ USD; and it's a problem for everyone?
I can understand why svennand guy is upset - after dumping at .12 / mil via docs, but the rest - really??

Just don't be much stupid and dump below .5/mil and it should all work out. Difficulty is getting bigger, so price will naturally go up a bit anyways, right?
I dunno, these last few pages look really bad. Continue writing so they go deeper, perhaps fewer people will read it.

[Oldminer]

Just a good advice for everyone, if you want to see your 10 million coins worth 250 BTC then just don't put up for sale anything for now and you will have that in three months time. It will never get dumped in case there will be only few for sale. This kind of coin is very good for lottery sites and I can see it's value increasing to 2500 satoshi if we don't just try to dump it. The way that it increased at start makes me think that it has much more value compared to other coins. We, the ones with many coins, should stick together, form an alliance and not sell it.

Would be good to form some kind of party group of lotto coin early adopters that sit on a big amount of coins and not willing to dump it on the market. Difficulty already too high to produce many coins for dumping I think.
I would be in for this kind of group with 13 millions mined that I will just sit on it right now.

Indeed.

In 2 months from now the LOT reward will be halved. We are sitting on a coin that has seen more interest than nearly any other coin released in the last 6 months. This is significant.

As quoted, the coin has a great name. And funny enough, thats half the trick to a good coin...simply the name. Take a look at Worldcoin for example. Lots of issues but a great name, one people could readily accept. It has had the strongest growth alongside Megacoin behind BTC & LTC. A name counts for a lot.

My advice right now to anyone sitting on holdings of this coin is HOLD. Do not sell. And do not expect to become a millionaire overnight - it just doesnt work that way...with anything. Hold and mine & buy when the price drops. Backup your coins and look at them as gold. If you do, in 3 months, or 6 months, or a year from now, they will be worth a fortune. I personally know the person behind this coin and I know for a FACT he is one of the most genuine, generous, and helpful people you will ever meet. Not only that, he can & will support lottocoin if & when the going gets tough. Hang in there, and dont be side-tracked by FUD or doubt. Nothing is guaranteed in life, but the way it stands, your on a winner that can & will make you mega bucks, with Lottocoin. Success comes as much from belief in something as it does from the product itself. Good luck all

[binaryclock]

These conversations arise with every new coin.  People mining it get upset that people are dumping it before they are done mining.  But guys, this coin is going to be bigger than just a dump coin.  It has potential like Casinocoin, and it has a great following.

Ryan, dedicatedpool.com support/admin
admin@dedicatedpool.com / IRC on freenode #dedicatedpool
http://lot.dedicatedpool.com

[svennand]

So, in 1 day, LOT went from 450k USD to 900k+ USD; and it's a problem for everyone?
I can understand why svennand guy is upset - after dumping at .12 / mil via docs, but the rest - really??

Just don't be much stupid and dump below .5/mil and it should all work out. Difficulty is getting bigger, so price will naturally go up a bit anyways, right?
I dunno, these last few pages look really bad. Continue writing so they go deeper, perhaps fewer people will read it.

ffs people gotta stop attacking me. i just responded to another members concern regarding selling of premine.
suggesting that transparancy could be a solution for this.
I also stated that imo those 60mill could stem from someplace else. and that people should stop grasping until mrlotto got a chanse to respond.

Apperently that makes me a troll according to Oldminers standards.

And no, im not upset that i sold at .12, crypto is a gamble, i know this.
By the end of the day im still/did make an excellent profit.
Who knows. lottocoin could be attacked tomorrow rendering the coin worthless.
Not saying that that would happen. but would suck to have mined something for several weeks and all the
effort be worth zero...

[Galimore]

For those of you who want to go digging, this is the premine address: M22QBrCgY5f4V2nm8PQFmaheH9Z5EMVm5U

I've searched a bit but it's since been split into dozens of other wallets.

M4kU8UziEf9bams9kru3KBKdguhzybGiz4 - 80 million was sent here the day lotto came out. It hasn't been touched since.
LmqXC97ZVyEzWutoevK9b3Ho8qCcAuMbH9 - 79 million was sent here for the giveaways. It generates a new address after every transaction so you could trace it all the way to the end if you want to.
Ls2gsZppoEkHxoJ7cSQNAn959R67xnyeXU - 120.8 million was sent here from various other addresses. Frequent transactions into and out of this wallet the past few days. The devs personal one perhaps?
LnKJ3TgDhmDJ39aJizdKmPA6J7NCfAqSLm - 65 million was just sent here a few minutes ago. Hasn't been touched yet.

[svennand]

For those of you who want to go digging, this is the premine address: M22QBrCgY5f4V2nm8PQFmaheH9Z5EMVm5U

awesome! thanks.
now lets put a nail in that accusation coffin and move one to something productive

Edit:
balance zero
money on the move.

[grimrog]

What I find funny is that not more people are buying and selling to make more money. Its very easy to do. Buy half at a little bit lower rate, then sell the other half at a little bit higher rate. If the price drops a little, you get them cheap, as the price yo-yo's back and forth, you can make GOOD money fast, easy and legitimately. The more coins you have, the faster your profit. That is why it is doing the "trading dance". Smart people making smart money off those that don't practice this.

Eventually when it does go up, you go up with it and earn money on the up and down. (Simple trading)

So make like 5 sell orders of 100K at 50 satoshis and 5 buy orders of 100K at 40 satoshis?

If you want to break it up into that many. But that is to tedious for me.

I put 50% at buy at 46 satoshis for a buy, then put 50% of lot at 50 satoshis. If it goes up, I sell it and make a profit, if it goes down, I buy more and the price is now stable and fluctuating very minor. So I have made almost a third more money tonight doing this.

and the price is still going up (doing this helps drive prices up as well). **Note, the number of satoshis is for demonstration, you have to figure out the spread that works for you, and with prices going up, obviously so will the amount per lot**

i cant find anything on trade dancing on google. so basicly what you say is to keep an buy order at a lower price running all the time and sell the same amount of it at small spikes? What happens if the proces drop more often than they rise, ive seen LOT go from 18 to 26 and back to 18 before it went to 50. This seems to be a longterm strategy, am i right?

[noedelx]

i miss yesterday already =[   diff @ 25

[Galimore]

For those of you who want to go digging, this is the premine address: M22QBrCgY5f4V2nm8PQFmaheH9Z5EMVm5U

awesome! thanks.
now lets put a nail in that accusation coffin and move one to something productive

Edit:
balance zero

It generates a new address after almost every transaction. Click the transaction id and new address it was sent to to follow the chain.

[lumberinvestments]

I think that many other should go and post in the troll box at btc-e.com, some people might start looking more into this coin. There are many big money players there.
Here is my message to the trollbox:

Guys, check out this new coin, the name is Lotto coin and personally I think it has a lot of future. The difficulty to mine is still small and the price is at 50 Satoshi for now but we expect it to increase at least 10 times, if not 100 times. I think it has a future for the lottery/gambling sites and it can bring some good profit.

[svennand]

For those of you who want to go digging, this is the premine address: M22QBrCgY5f4V2nm8PQFmaheH9Z5EMVm5U

awesome! thanks.
now lets put a nail in that accusation coffin and move one to something productive

Edit:
balance zero

It generates a new address after almost every transaction. Click the transaction id and new address it was sent to to follow the chain.

yeah im looking. why splitting in up that many times?

[Scrooge_McDuck]

I think that many other should go and post in the troll box at btc-e.com, some people might start looking more into this coin. There are many big money players there.
Here is my message to the trollbox:

Guys, check out this new coin, the name is Lotto coin and personally I think it has a lot of future. The difficulty to mine is still small and the price is at 50 Satoshi for now but we expect it to increase at least 10 times, if not 100 times. I think it has a future for the lottery/gambling sites and it can bring some good profit.

done.

[Oldminer]

I think that many other should go and post in the troll box at btc-e.com, some people might start looking more into this coin. There are many big money players there.
Here is my message to the trollbox:

Guys, check out this new coin, the name is Lotto coin and personally I think it has a lot of future. The difficulty to mine is still small and the price is at 50 Satoshi for now but we expect it to increase at least 10 times, if not 100 times. I think it has a future for the lottery/gambling sites and it can bring some good profit.

you need to trade to post there now though right?

[lumberinvestments]

Yes .. I was watching the chat and saw my message appearing there, haha... I was wondering, what the hell ?
I refresh this here and see your reply

Well, it was not like I was asking just to paste my message into the trollbox .. but everyone here can make their own message and paste into the trollbox from time to time. If it is many people doing that, it will raise awareness which might help lottocoin IMO.
Thanks a lot for your fast answer Scrooge_McDuck

[C3ALL]

Your wasting your time, these guys aren't going to listen. There's a lot of people on here that could have acquired 100m+ LOT before it hit cryptsy (and probably did). And whether they decided to put it all, 50% of it, or a fraction of it on cryptsy is their business. This attack on the dev (by a forum member thats been here all of 2 weeks) is nothing more than an attempt to undermine the coin & its community & I suggest we ignore the trolls & move on, there's much more interesting things to discuss.

Ha, Says the guy with what trust level?

I may be a newbie to coin mining, but economics and business I am not.  If you wish to live in a land where you think this is some random miner that has posted his entire fortune of LOT on a speculative sell, then go ahead.  There are plenty of others here (that aren't newbies) that can see the reality of the situation.  This may be construed as an attack on the dev.  But by the very title shouldnt there be dev work being done, games investing in, marketing etc?  Rather that speculative investment on cryptsy?

[mybogusname]

What I find funny is that not more people are buying and selling to make more money. Its very easy to do. Buy half at a little bit lower rate, then sell the other half at a little bit higher rate. If the price drops a little, you get them cheap, as the price yo-yo's back and forth, you can make GOOD money fast, easy and legitimately. The more coins you have, the faster your profit. That is why it is doing the "trading dance". Smart people making smart money off those that don't practice this.

Eventually when it does go up, you go up with it and earn money on the up and down. (Simple trading)

So make like 5 sell orders of 100K at 50 satoshis and 5 buy orders of 100K at 40 satoshis?

If you want to break it up into that many. But that is to tedious for me.

I put 50% at buy at 46 satoshis for a buy, then put 50% of lot at 50 satoshis. If it goes up, I sell it and make a profit, if it goes down, I buy more and the price is now stable and fluctuating very minor. So I have made almost a third more money tonight doing this.

and the price is still going up (doing this helps drive prices up as well). **Note, the number of satoshis is for demonstration, you have to figure out the spread that works for you, and with prices going up, obviously so will the amount per lot**

i cant find anything on trade dancing on google. so basicly what you say is to keep an buy order at a lower price running all the time and sell the same amount of it at small spikes? What happens if the proces drop more often than they rise, ive seen LOT go from 18 to 26 and back to 18 before it went to 50. This seems to be a longterm strategy, am i right?

No, no no. I am not sure if you can find it on google. But I will explain it again.

For example. Right now, the buy order say .00000053/BTC. So I will put 10k Lot up for .00000051/Btc to BUY. Then the sell order is .00000055/BTC. So assuming that I paid nothing for the satoshi I have, I will sell 10k for .0000055/BTC. So if the market goes up, then 10k gets sold at .0000055/btc. If the market goes down, then I buy 10k at .0000051BTC.

Now, if the market continues to go up, then I immediately change my BUY from .0000051/BTC to .0000053/BTC. and because the market yo-yo's back and forth, as it goes up, I sell, as it goes down, I buy. Which sounds great. Each buy I earn .00000002/BTC (not alot at 10k, but it ads up, and I use ALOT more then just 10k in my example).

Now, you are probably wondering, well what if it keeps going down, then I lower my prices, and yes, you do lose a little bit, but you are still buying/selling on the principal of it is yo-yo'ing. So while I may lose .00000002/BTC when it goes down a little, I make up for it because someone else will buy it for a little higher, then if it goes down again, the same idea. I Buy low, and sell high (even if it is going down).

Now, while I was typing this, my SALE bid just sold, and prices jumped to .0000055/BTC, so I had to cancel my Buy bid of .0000051 and put a new buy bid at .00000053/BTC (I also watch to see which direction it is going so I don't buy at to high of price in case it starts to come down really fast. Or I make sure not to sell to low when it is going up fast. I also look for any walls (Big amounts being sold or bought). If someone is selling alot, then price probably will go down a little, if they are buying alot then the price usually goes up).

I also watch the spread (the difference between the buy amount and the sell amount). The greater that number, the more money I can make.

I hope that makes sense.