LOTTOCOIN OLD THREAD, [CLOSED]

[C3ALL]

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

There is only one reason that is done, though Ill not go into it. Im done posting about the issue here, as the kids with zero experience of any real life trading will just accuse me of trolling yet again.  I was probably trading stocks and shares before they could even wipe their own backside, but what the hell do I know.  Ill leave them to it.  When they see next to zero involvement other than pumping the price from the dev "team" the truth may become apparent.  Until then let them use this thread for their own pumping posts rather than any meaningful discussion about promotion of the coin.

Seriously, Hampuz has done just about more fore this coins promotion than anyone else here other then the pool managers on the accessibility of the coin side, and he doesnt even have a rig to mine the stuff!  When the dev is sat on 360M is it wrong to expect a bit more work be done other than handing out 1m bounties, of which he could do one every day for the next month and only touch 10% of the premine?

/troll    

[1714784385]

1714784385

[1714784385]

1714784385

[mybogusname]

Seems lots of people are doing it, price is going up fast. I keep having to change my bids. LOL.

Feel free to donate for my help!

Lot
LkFwbfBsNDJXQwNp3XqKtKwBRMi1FjBPY9

[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.

you need to trade to post there now though right?

Yes, but everyone has a trading account with btc-e nowadays, right ?

[Galimore]

This is what I've got so far for the premine.

M22QBrCgY5f4V2nm8PQFmaheH9Z5EMVm5U - The original premine address with 380 million in it.
M4kU8UziEf9bams9kru3KBKdguhzybGiz4 - 80 million were sent here the day the coin came out. Hasn't been touched since.
LnKJ3TgDhmDJ39aJizdKmPA6J7NCfAqSLm - 65 million were sent here very recently. Haven't been spent yet.
LmqXC97ZVyEzWutoevK9b3Ho8qCcAuMbH9 - 79 million were sent here for giveaways.
LkH2KEy86bRqiusE4WB6mSNo4Ue4XonpsU - Contains what was left after the giveaways and other transfers. ~16 million remain here.
Ls2gsZppoEkHxoJ7cSQNAn959R67xnyeXU - The devs personal address? Contains 120.8 million coins now. Several times during the giveaway 1 million were randomly sent to this address. In addition, two transactions of 10 and 18.2 million were sent here with the remaining funds from the giveaway chain.
M7RdSKYJyoF6EaN1mFsnDDoFdUj3QaYKAu - 50 million coins were sent here from the above address on the 27th. Haven't been touched since.

It's kind of a pain to sift through since most of the time it generates a new address every time a transaction occurs. It's still hard to tell what happened since almost 200 million was sent to three addresses and hasn't been touched. They could have been private/exchange sales or it could just be sitting in one of the dev's wallets. 120 remains in the Ls2gsZppoEkHxoJ7cSQNAn959R67xnyeXU address that I'm quite sure is the main one he uses since it has lots of traffic. The last 60 is giveaways and smaller transactions that I didn't bother chasing down. I'll do a bit more digging later.

Edit: This is the block explorer if you want to go looking. http://lottocoin.info/

[mybogusname]

[Hampuz]

It is a beautiful day guys! Today is actually the first day of the rest of our lives!

I am willing to bet anyone here 500K LOT that by January 10th we will see a stable price  between 200-500 satoshis .

In other news, keep playing at RapidBalls folks, huge jackpot there that is worth some coin now .

Also, soon Redcoin launches his casino that accepts LOT, So we have a lot going on.  Just keep up your spirits!

And last but not least, you know what we say right?  To da moooooooon

[Oldminer]

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?

If you had been around long enough you would know negative 'trust levels' are easily manipulated. Not much works on this board anymore (hell, we cant even change our avatars anymore) and the trust level is an old concept that failed long ago. For example, if I wanted to give you -10 trust rating I could do it in an hour. Didnt know that did you? In my case, I got a 'negative trust rating' for helping someone that started a casino. See, I didn't do any bad trades or anything (though I did get ripped off once myself on a $30 trade), I simply promoted the casino (and still do), but competing casinos decided to take advantage of this flaw in the bulletin board and hit me with bad feedback because it was seen as competition. So the feedback was for doing nothing, but helping a friend. A friend who once asked me for assistance in unlocking a corrupt wallet with $30,000 locked up in it, half of which I sent back and half of which he let me keep for unlocking it. If I was 'untrustworthy' I could have very easily kept the whole lot. So before you start spouting off, you should take a bit of time to look around the forums and get a feel for everything and learn how everything works before you start attacking long term members & coin dev's. You only make yourself look like a fool.

As regards the game development & marketing for lottocoin, mr lotto is working his ass off on both of these things. Didnt know that either did you? Yep, he's working his ass off to promote & increase the value of a coin so me, you & him can benefit. And what are you doing besides posting FUD? Does the coin dev owe you something? What are you doing for him or for lottocoin or the community behind it? What have you done in the way of marketing or designing games for LOT? Or did you just come here to check the dev's pockets, with your hand open, to take what you can & run?

If your so good at business & economics perhaps you should go back & take a course in sociology also, because frankly you have failed miserably at this in your 2 weeks here.

[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?

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.

thank you for that explanation. i would have asked for your address anyway :-)

[mybogusname]

There are ways to manipulate all websites if you know how to... not just this one

You can also manipulate the prices in crypsty to work in your benefit (NOT promoting, and NOT anything that would be against cryptsys rules. Just ways to drive the price you want it to go. I have already shared one way.)

[peteycamey]

I am willing to bet anyone here 500K LOT that by January 10th we will see a stable price  between 200-500 satoshis

If you want to bet  you should pay up the previous one you promised

50k you said.

[musty97]

This is what I've got so far for the premine.

M22QBrCgY5f4V2nm8PQFmaheH9Z5EMVm5U - The original premine address with 380 million in it.
M4kU8UziEf9bams9kru3KBKdguhzybGiz4 - 80 million were sent here the day the coin came out. Hasn't been touched since.
LnKJ3TgDhmDJ39aJizdKmPA6J7NCfAqSLm - 65 million were sent here very recently. Haven't been spent yet.
LmqXC97ZVyEzWutoevK9b3Ho8qCcAuMbH9 - 79 million were sent here for giveaways.
LkH2KEy86bRqiusE4WB6mSNo4Ue4XonpsU - Contains what was left after the giveaways and other transfers. ~16 million remain here.
Ls2gsZppoEkHxoJ7cSQNAn959R67xnyeXU - The devs personal address? Contains 120.8 million coins now. Several times during the giveaway 1 million were randomly sent to this address. In addition, two transactions of 10 and 18.2 million were sent here with the remaining funds from the giveaway chain.
M7RdSKYJyoF6EaN1mFsnDDoFdUj3QaYKAu - 50 million coins were sent here from the above address on the 27th. Haven't been touched since.

It's kind of a pain to sift through since most of the time it generates a new address every time a transaction occurs. It's still hard to tell what happened since almost 200 million was sent to three addresses and hasn't been touched. They could have been private/exchange sales or it could just be sitting in one of the dev's wallets. 120 remains in the Ls2gsZppoEkHxoJ7cSQNAn959R67xnyeXU address that I'm quite sure is the main one he uses since it has lots of traffic. The last 60 is giveaways and smaller transactions that I didn't bother chasing down. I'll do a bit more digging later.

Edit: This is the block explorer if you want to go looking. http://lottocoin.info/

Hi Mr. Sherlock Holmes,
nice research haha.
I can tell you, there isn't only one dev.

[Hampuz]

I am willing to bet anyone here 500K LOT that by January 10th we will see a stable price  between 200-500 satoshis

If you want to bet  you should pay up the previous one you promised

50k you said.

Ugh, sent you the 50k. But next time if you wanna make a bet, make sure to accept it openly after someone took it up with you.

[mybogusname]

thank you for that explanation. i would have asked for your address anyway :-)

Thanks

[peteycamey]

I am willing to bet anyone here 500K LOT that by January 10th we will see a stable price  between 200-500 satoshis

I bet it will not be between 200-500.

also it definitely not be stable by january 10.

500k on the table.


stable = daily fluctuation is less than 5%

[damnation]

lol i would love to get in on that but thats pretty much my entire stake

[binaryclock]

I am willing to bet anyone here 500K LOT that by January 10th we will see a stable price  between 200-500 satoshis

If you want to bet  you should pay up the previous one you promised

50k you said.

Ugh, sent you the 50k. But next time if you wanna make a bet, make sure to accept it openly after someone took it up with you.

I'd love to see that price of 200-500 satoshis.  But I think it'll level out around 60-80.  It's awesome to see so much healthy volume on this coin early on.

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

[C3ALL]

As regards the game development & marketing for lottocoin, mr lotto is working his ass off on both of these things. Didnt know that either did you? Yep, he's working his ass off to promote & increase the value of a coin so me, you & him can benefit. And what are you doing besides posting FUD? Does the coin dev owe you something? What are you doing for him or for lottocoin or the community behind it? What have you done in the way of marketing or designing games for LOT? Or did you just come here to check the dev's pockets, with your hand open, to take what you can & run?

If your so good at business & economics perhaps you should go back & take a course in sociology also because frankly, you have failed miserably at this in your 2 weeks here.

Taken this to PM for the good of the coin, but I honestly believe more could be done here.  My posts are not written to be "trolling", apologies to all if they come across this way - I am simply concerned for my investment and long term future in LOT, as I believe others should be.

[Oldminer]

I am willing to bet anyone here 500K LOT that by January 10th we will see a stable price  between 200-500 satoshis

If you want to bet  you should pay up the previous one you promised

50k you said.

Ugh, sent you the 50k. But next time if you wanna make a bet, make sure to accept it openly after someone took it up with you.

You shouldn't have paid him. So many here for what they can get yet dont give a fuck about giving back.

[Franconomasky]

Hi, you guy need anyone to push for you in Chinese cyberspace? I would be able to do it as long as I get some free Lottocoin, thank you.

[pcoin700]

I am willing to bet anyone here 500K LOT that by January 10th we will see a stable price  between 200-500 satoshis

I bet it will not be between 200-500.

also it definitely not be stable by january 10.

500k on the table.


stable = daily fluctuation is less than 5%

I don't think so: something between 50-80. Lottocoin is premined and has lots of coins, so it will not be valued very high.