LOTTOCOIN OLD THREAD, [CLOSED]

[leewilson]

You could call it a dumb if the sell price would be 10 satoshi, but...

Im not calling it dumb, its an extremely profitable move.  Though on page one:  "Premine 2%, for dev, support, bounty, and giveaway"

Where does it say that almost 20% of the premine will be parked on cryptsy in a $900,000 order for the devs?  Anyone?

stop talking shit all the dam time anyone with a brain woulth not dump below 40 satosis

Unless you happen to have 300 million coins in which case selling at 40 satoshi would net you $90,000. Two years salary for something you worked on for two weeks isn't too bad, right?

2 weeks? Try maybe 2 days @ 8 hour days. That includes all forum posts because we know from the post and answers that nowhere close to all posts were ever read.

[C3ALL]

LOL you guys, I know of someone on here that has 30m coins and he doesnt even have any miners. I know of another guy that has 45m and he doesn't have a lot of hardware compared to some. You all need to chill out a bit.

And would either of these people put their entire holding on a single order on cryptsy at 50x the current trade price?

60M on cryptsy with no real chance of selling soon, but taking the risk of placing that much outside the control of your personal wallet.   If only there were a way to have amased 60 million coins or more without it actually having cost that much, so the risk is negligible, but rewards great.  Oh, wait a minute.....

As has been said, unles the premine wallet address is shown and people can have it proven this is not premine coins being used speculatively instead of for coin promotion and dev work as stated, then this is premine coins being used for speculative profit ahead of development work.  Anyone suggesting anything different is, as before, deluded.   As coin holders you should be wishing to see the coin promoted by the devs, not banked to be sold later.  But as others have posted, it appears rational thought has long since left this building.

[noedelx]

LOT now on cryptsy.
What you think will this day bring for the coin ?

https://www.cryptsy.com/markets/view/137

gtfo

no you gtfo stop talking like that to new comers
if u simply dont like this coin sell ur amount and be gone simple if not then shut up

no you gtfo stop talking like that to new comers
if u simply dont like this coin sell ur amount and be gone simple if not then shut up

right....

[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**

[leewilson]

Front page needs to be updated with cryptsy in exchange list and remove ecrypto

About par for the course...we finally make it to cryptsy and don't update the OP..cute.

Had time to get a 60m sell order in though.   

lol +1 I posted the exact same thing as i was running through older posts.

[C3ALL]

EXACTLY. Thank god, I'm not the only one who witnessed DarkKnight and these dudes

And again, I made 10m on a very poor rig early on (1.5mh/s solo + 700kh/s pool). With 22mh/s, these guys are swimming in LOT

And would you put your entire holding on a single long term trade on cryptsy for safe keeping?  

[YoyodyneSystems]

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

But it's not me.

[mybogusname]

Here is a great idea. Lets stop talking about if it was or if it wasn't him. Give him time to respond rather then trying to prove your opinion either way. Or better yet, PM him and then give him time to respond. If it is him, and he was trying to rip off this coin idea, then wouldn't he dump it and sell it at a reasonable price to make quick money?

(Lets use logic here. Because right now, it really doesn't matter arguing about it on this forum or thread without giving him an opportunity to respond).


All you will do in the meantime is hurt the coin.

[svennand]

Here is a great idea. Lets stop talking about if it was or if it wasn't him. Give him time to respond rather then trying to prove your opinion either way. Or better yet, PM him and then give him time to respond. If it is him, and he was trying to rip off this coin idea, then wouldn't he dump it and sell it at a reasonable price to make quick money?

(Lets use logic here. Because right now, it really doesn't matter arguing about it on this forum or thread without giving him an opportunity to respond).


All you will do in the meantime is hurt the coin.

+1
what i tried to say many posts ago

[C3ALL]

Here is a great idea. Lets stop talking about if it was or if it wasn't him. Give him time to respond rather then trying to prove your opinion either way. Or better yet, PM him and then give him time to respond. If it is him, and he was trying to rip off this coin idea, then wouldn't he dump it and sell it at a reasonable price to make quick money?

(Lets use logic here. Because right now, it really doesn't matter arguing about it on this forum or thread without giving him an opportunity to respond).


All you will do in the meantime is hurt the coin.

+1
what i tried to say many posts ago

Perhaps something the dev should have considered when placing the order rather than updating the OP.  But since when has there been any real positive involvement from the team other than to belittle posters here for the sake of pumping - and now the end game is shown to everyone   

[leewilson]

Here is a great idea. Lets stop talking about if it was or if it wasn't him. Give him time to respond rather then trying to prove your opinion either way. Or better yet, PM him and then give him time to respond. If it is him, and he was trying to rip off this coin idea, then wouldn't he dump it and sell it at a reasonable price to make quick money?

(Lets use logic here. Because right now, it really doesn't matter arguing about it on this forum or thread without giving him an opportunity to respond).


All you will do in the meantime is hurt the coin.

You might be waiting a while. At least that is my opinion from prior events.

[Galimore]

If it is him, and he was trying to rip off this coin idea, then wouldn't he dump it and sell it at a reasonable price to make quick money?

That's pretty much the point. He could very well be doing that right now and nobody would be able to tell. How would you know if we was selling off 500k every time the price went up a bit? A 200 million dump would be incredibly obvious, but selling small pieces every few minutes? Nobody would even notice up until all the "development" funds are gone he's off to a new coin under a new username.

The guys been on constantly since the coin came out and then right when it hits Cryptsy (which is probably the biggest thing to happen to the coin since it comes out) he doesn't make a peep for 12 hours even though his own thread is blowing up? Not to mention the fact that only posts he made the past few days were either advocating pumping/dumping his own coin or insulting users. On top of the fact that tons of coins are being dumped on Cryptsy. I'll take it all back if we get the premine address, but I really doubt we will.

Edit: He's online right now, by the way. And has been for a while. https://bitcointalk.org/index.php?action=profile;u=187952

[Oldminer]

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 & I suggest we ignore the trolls & move on, there's much more interesting things to discuss.

[noedelx]

Here is a great idea. Lets stop talking about if it was or if it wasn't him. Give him time to respond rather then trying to prove your opinion either way. Or better yet, PM him and then give him time to respond. If it is him, and he was trying to rip off this coin idea, then wouldn't he dump it and sell it at a reasonable price to make quick money?

(Lets use logic here. Because right now, it really doesn't matter arguing about it on this forum or thread without giving him an opportunity to respond).


All you will do in the meantime is hurt the coin.

+1
what i tried to say many posts ago

Perhaps something the dev should have considered when placing the order rather than updating the OP.  But since when has there been any real positive involvement from the team other than to belittle posters here for the sake of pumping - and now the end game is shown to everyone   

if u aint happy with ur coins feel free to sell them to me for 40 satosis ea

[leewilson]

Here is a great idea. Lets stop talking about if it was or if it wasn't him. Give him time to respond rather then trying to prove your opinion either way. Or better yet, PM him and then give him time to respond. If it is him, and he was trying to rip off this coin idea, then wouldn't he dump it and sell it at a reasonable price to make quick money?

(Lets use logic here. Because right now, it really doesn't matter arguing about it on this forum or thread without giving him an opportunity to respond).


All you will do in the meantime is hurt the coin.

+1
what i tried to say many posts ago

Perhaps something the dev should have considered when placing the order rather than updating the OP.  But since when has there been any real positive involvement from the team other than to belittle posters here for the sake of pumping - and now the end game is shown to everyone   

Coin take over in 3...2...  I am willing to sit on the board and be an active member because in all honesty the real value of this coin has major hurdles to overcome that will never happen unless said takeover occurs...pm me and I will get back to you after sleep.

[noedelx]

If it is him, and he was trying to rip off this coin idea, then wouldn't he dump it and sell it at a reasonable price to make quick money?

That's pretty much the point. He could very well be doing that right now and nobody would be able to tell. How would you know if we was selling off 500k every time the price went up a bit? A 200 million dump would be incredibly obvious, but selling small pieces every few minutes? Nobody would even notice.

then why woulth someone even remotely care if the price is going up everything is fine

[GigaCoin]

You guys need to chill, lot of coins get dumped on launch it hasn't even been 24 hours. We're gonna pick up today and in the following days 

Lotto is now the best performing coin on coin market cap that's an amazing start.

[mybogusname]

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!

[Galimore]

You guys need to chill, lot of coins get dumped on launch it hasn't even been 24 hours. We're gonna pick up today and in the following days  

Lotto is now the best performing coin on coin market cap that's an amazing start.

I'm quite sure the price will rise compared to where it is right now and I'm holding until it does. I just don't think its possible for lotto to have much of a future if the dev dumps $100k of coins and abandons it. It'd be a shame for a coin with this much potential to be abandoned within a few months.

[binaryclock]

A few weeks ago, you could mine 1.5mil lottocoin in like a day or two with 6Mh/s... I know because I did it.  Then I started mining other things but I should have stayed on Lotto.  Overall I had about 2mil after it was all said and done.

Lottocoin has strength.. it will be a force in the future to come.  I wouldn't worry about someone dumping a ton because they will just be bought up.  There are good casinos and game support for Lotto coin already so that's always a plus as well.

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