skillrun
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Activity: 98
Merit: 10
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January 07, 2014, 07:07:54 PM |
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I use to daytrade, but I've found that I"m horrible at it.
For me it worked but i really don´t like the fact to sit in front of the Charts 40 times a day. During work always checking the charts. I mean wtf  Where this would gonna end when i wouldn´t stop it at some point ^^ Anyone is familiar with those situations? |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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rmhuntley
Sr. Member
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Activity: 980
Merit: 255
HALA MADRID
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January 07, 2014, 07:08:22 PM |
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I use to daytrade, but I've found that I"m horrible at it.
Me too. Tried it with quark, stablecoin and ... wait for it ... bitcoin. I had some bitcoins, sold at $80 because I thought it will go way down and what happend? 2 month later we was at $1200. Never again  yeah, I sold 5btc at 80, then almost cried when it jumped |
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Thorgrim
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January 07, 2014, 07:08:33 PM |
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I daytrade but only in coins I don't mind holding long term.
That way if I end up bagholding it isn't a big deal.
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skillrun
Member
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Activity: 98
Merit: 10
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January 07, 2014, 07:10:46 PM |
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I use to daytrade, but I've found that I"m horrible at it.
Yea I think a lot of us found out the hard way. Ive actually been doing a little better recently but it only takes one mistake to cancel out all your gains. 100% true. Lost today my gains of 2 days work in 5min. |
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rmhuntley
Sr. Member
Offline
Activity: 980
Merit: 255
HALA MADRID
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January 07, 2014, 07:11:29 PM |
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anymore, I just mine qrk w/ my cpu until I see a startup coin that looks promising. then I mine until I hit a limit that I decide on, and hold.
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boomerjackson
Newbie
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Activity: 42
Merit: 0
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January 07, 2014, 07:13:36 PM |
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Went from 3.6 MIL lot to 2.8 mil lot trying to day trade and got screwed when it dumped down to 11 satoshis, im just holding now
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sleepless
Full Member
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Activity: 462
Merit: 100
“Crypto Depository Receipts”
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January 07, 2014, 07:17:29 PM |
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I use to daytrade, but I've found that I"m horrible at it.
Me too. Tried it with quark, stablecoin and ... wait for it ... bitcoin. I had some bitcoins, sold at $80 because I thought it will go way down and what happend? 2 month later we was at $1200. Never again yeah, I sold 5btc at 80, then almost cried when it jumped Yeah, right? It seemed that it would go down. After I saw like $200 I thought about buying again but then I hoped it's only a short hype and wanted to wait till we see $100 again but no... $1200... f**k |
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rmhuntley
Sr. Member
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Activity: 980
Merit: 255
HALA MADRID
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January 07, 2014, 07:18:13 PM |
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I long to go back to the $15 and below days, and just invest paychecks into btc...
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skillrun
Member
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Activity: 98
Merit: 10
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January 07, 2014, 07:23:40 PM |
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Went from 3.6 MIL lot to 2.8 mil lot trying to day trade and got screwed when it dumped down to 11 satoshis, im just holding now
i don´t want to count how much i left on the way  |
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Majkeeno
Newbie
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Activity: 36
Merit: 0
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January 07, 2014, 07:27:10 PM |
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I use to daytrade, but I've found that I"m horrible at it.
For me it worked but i really don´t like the fact to sit in front of the Charts 40 times a day. During work always checking the charts. I mean wtf Where this would gonna end when i wouldn´t stop it at some point ^^ Anyone is familiar with those situations? Please, teach me about trending, I am horrible with BTC (pretty decent with LOT - but these are small sums and relatively stagnant). |
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Thorgrim
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January 07, 2014, 07:27:19 PM |
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I think a big part of the problem LOT is having in supporting it's price is the rate of coin production.
Lot is already 18% mined and has only been out for what 25 days?
Dogecoin is struggling with the same problem. If you look at their market cap it is almost holding steady but value per coin keeps declining.
Compare that to Feathercoin which isn't even 10% mined yet and has been out for like 9 months.
This is why it is so profitable to mine LOT regardless of difficulty and why the auto-sells hurt us so much while coins like Catcoin can weather the onslaught better. Catcoins mining cycle is the same as Bitcoins which is very long.
On the other end of the spectrum when the block reward continues to halve down to a level where mining is no longer profitable how is the network supported?
I think maybe a fork is needed to correct this problem.
Not really sure why the trend is for coins to finish their mining cycle so quickly these days but I don't think it is good for the stability of the coin.
Anyone care to give their opinion on this? one way or the other? I feel it is a valid concern. By the time we reach the first block reward halving there will be about 3x the coins as now so either the marketcap would have to be 3x the price as now to maintain the per coin price or the price per coin will be less. |
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sleepless
Full Member
Offline
Activity: 462
Merit: 100
“Crypto Depository Receipts”
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January 07, 2014, 07:35:07 PM |
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I long to go back to the $15 and below days, and just invest paychecks into btc...
Who not, my friend... I would sell everything to invest in BTC I made a presentation about BTC as it was at $3. That was the time where I should buy... With only $1000 I'd now have over $400.000 LOL. Incredible. |
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rmhuntley
Sr. Member
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Activity: 980
Merit: 255
HALA MADRID
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January 07, 2014, 07:45:23 PM |
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agreed. hindsight is 20/20
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jdebunt
Legendary
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Activity: 1596
Merit: 1010
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January 07, 2014, 07:50:33 PM |
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I think a big part of the problem LOT is having in supporting it's price is the rate of coin production.
Lot is already 18% mined and has only been out for what 25 days?
Dogecoin is struggling with the same problem. If you look at their market cap it is almost holding steady but value per coin keeps declining.
Compare that to Feathercoin which isn't even 10% mined yet and has been out for like 9 months.
This is why it is so profitable to mine LOT regardless of difficulty and why the auto-sells hurt us so much while coins like Catcoin can weather the onslaught better. Catcoins mining cycle is the same as Bitcoins which is very long.
On the other end of the spectrum when the block reward continues to halve down to a level where mining is no longer profitable how is the network supported?
I think maybe a fork is needed to correct this problem.
Not really sure why the trend is for coins to finish their mining cycle so quickly these days but I don't think it is good for the stability of the coin.
Anyone care to give their opinion on this? one way or the other? I feel it is a valid concern. By the time we reach the first block reward halving there will be about 3x the coins as now so either the marketcap would have to be 3x the price as now to maintain the per coin price or the price per coin will be less. The Lottocoin "brain club" has been discussing the block reward "issues" over the past few days, but we aren't exactly sure on how we'll handle it yet. It is a valid concern, and something has to be done. But we're working on it  |
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sleepless
Full Member
Offline
Activity: 462
Merit: 100
“Crypto Depository Receipts”
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January 07, 2014, 07:53:56 PM |
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Come on friends, please. We are 7 people now and it's a lot of fun! |
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KeyserSozeMC
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January 07, 2014, 07:59:41 PM |
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Hey, smexy. Don't waste your time. Time's precious.
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damnation
Member
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Activity: 98
Merit: 10
https://bitcointalk.org/index.php?topic=434996.0
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January 07, 2014, 08:02:25 PM |
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Looks like someone from AMD is mining this
wtf  Photoshopped changing Bitcoin for LOT? interesting lotto-fan any update about BTer? or other stuff, such as website,etc Don't forget to check the redesign logo thread!  Ok i like that but can i try a offer a few Tweak suggestions.. Change the coin from Silver to Gold. (Gold tends to make it pop) Change the gold intertior (grooves,etc) to Silver (cos the current design kinda washes out the other colors. Switch the "O" with a LOTTO 8 ball.. (Not really necessary) Oh and leave the "LOT" as silver.. Oh and maybe a shade darker on the multi-colors on the inside of the coin.. current coloring looks a little flat. I loved the button and the image above the button..   |
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GigaCoin
Sr. Member
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Activity: 308
Merit: 251
Giga
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January 07, 2014, 08:14:54 PM |
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i just wanna say that the new lottocoin logo is fucking awesome (the 3D metal colored silver thing), good job people. I see this coin staying for the long run
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