LOTTOCOIN OLD THREAD, [CLOSED]

[Hampuz]

we agree we need to help with the compain but how can we do an effective campaign if this is happening.....there should be at least a proper accounting of the premine....cos as it stands we are loosing a lot due to this dump....cos i dont know where this much coins being dumped are coiming from if not the premine.....i have watched the supply on http://coinmarketcap.com/.....and the supply keeps rising its been more than 50,000,000 (50 million) lot dumped today.....so whats actually going on?........making noise about the coin and not having the root problems being solved wont get us no where.....cos we are almost been sentenced to ''crypto death" by dump assasins......

It is NOT the premine.  It is people that are mining that has to sell due to their high costs.  It will end soon enough. But if anyone here would notice the diff is around 10 right now (from close to 30 same time yesterday) that means people are getting alot more coins right now.

And also, Why do we NEED a proper accounting of the premine? What good will come out of that? Who would it please?

As i have said before and as I say again. The only one that seems to have these problems are C3LL. the only one. I made a reply to him with some very logical answers to his questions. This time he did not bother to reply to me. Guess why? I gave him logical answers.

He talks alot about being a millionaire from the stockmarket and some sort of expert. Yada yada Whatever is what i say.

By the look of his account he is a newbie to the crypto world. Like most of us are. Just because you are a expert in the stock market does not mean you are an expert in the crypto market.  And that he then says that he has only mined his LOT coins and never bought them.  I am very sure that a couple of pages back in this thread he is stating that he bought them very cheap.

Anyways.  Keep doing what you are doing LottoCoin Community. Holders gets Rewarded. Dumpers only gain super small profits if not only breaking even.

Cheerios!

[boomerjackson]

lot at 28 satoshis now

[C3ALL]

lot at 28 satoshis now

But the dev said 40 was the bottom. ??

Anyone want to know what Im doing now, feel free to PM.

[svennand]

how come mrlotto dont know? we asked mrlotto direcly and he didnt know whats the issue...
ok if you were begging then sorry to call you d*ck.
please accept my apologies

Yeah, he was involved earlier in the thread, putting a person on the case. which put the blame on it beeing a pool issue and not coin related.
Guess a nail was put in that coffin, a large nail since he must have even forgot about it.

Apology accepted

[C3ALL]

By the look of his account he is a newbie to the crypto world. Like most of us are. Just because you are a expert in the stock market does not mean you are an expert in the crypto market.  And that he then says that he has only mined his LOT coins and never bought them.  I am very sure that a couple of pages back in this thread he is stating that he bought them very cheap.

Yep, new to crypto, but trading is trading.  Whether its FTSE 100 or fish.   I bought cheap, but not as cheap as this.  I said I thought 32/31 would be tested, so thats where my buy order was set.  I funded it from selling some when we were in the 60's.   I have never placed a single penny of real money into crypto currencies.  Just mined them and traded them.  I am by no means an expert.  Ive had my arse handed to me on stocks several times, but imho the crypto currency marlets are a little easier to read.  Especially when you have such an insight into the "company" as a forum where everyone involved in its creation and marketing posts.

[Chris001]

By the look of his account he is a newbie to the crypto world. Like most of us are. Just because you are a expert in the stock market does not mean you are an expert in the crypto market.  And that he then says that he has only mined his LOT coins and never bought them.  I am very sure that a couple of pages back in this thread he is stating that he bought them very cheap.

Yep, new to crypto, but trading is trading.  Whether its FTSE 100 or fish.   I bought cheap, but not as cheap as this.  I said I thought 32/31 would be tested, so thats where my buy order was set.  I funded it from selling some when we were in the 60's.   I have never placed a single penny of real money into crypto currencies.  Just mined them and traded them.  I am by no means an expert.  Ive had my arse handed to me on stocks several times, but imho the crypto currency marlets are a little easier to read.  Especially when you have such an insight into the "company" as a forum where everyone involved in its creation and marketing posts.

Take this as a lesson learned people, I said it less than an hour ago, C3ALL isn't the only one who can predict the future. Alright C3ALL buddy, you got your low buy. Can we move on now..

....this just in.. WERE COIN OF THE WEEK!!!

[C3ALL]

buy/hold

[nosf009]

I'm no expert, and with neutral standings - way I see it, many alts except the few at the top and some perhaps interesting for other reasons are taking a dive today.
It may as well be for a simple fact - gaining profits on bigger alts and BTC. Those are the one getting most money in and if I were a guy with 20.000USD in cryptos I actually put in - I'd be going for some % of profit while BTC and major alts are getting up, pumped with real money. When things go quiet, I suppose it'll all get back to "profiting" from alts.

CAT is also getting down a bit, not as much as LOT but the ratio is huge in favor of LOT (in number of total coins).
Meaning - if people will get out, they'll probably dump those they bought last or those alts that still have to find their place.

I saw that circle few times with FTC/NVC/NMC at BTC-e and some others, it doesn't take much time to observe that stuff.
The big hash guys dump - I can't go into that. That's just shit, but obviously cannot be helped about.

So, dunno - my vote: hold.
That's what I'll do.

p.s.
By accident I stumbled upon some fun stuff regarding the LOT and I think, while we may not see 60 in a while again, that 40-50 is just possible soon.
If I'm wrong - what the hell, It's not gonna be the first time, nor the last time.

Chill and cheers!

[Hampuz]

By the look of his account he is a newbie to the crypto world. Like most of us are. Just because you are a expert in the stock market does not mean you are an expert in the crypto market.  And that he then says that he has only mined his LOT coins and never bought them.  I am very sure that a couple of pages back in this thread he is stating that he bought them very cheap.

Yep, new to crypto, but trading is trading.  Whether its FTSE 100 or fish.   I bought cheap, but not as cheap as this.  I said I thought 32/31 would be tested, so thats where my buy order was set.  I funded it from selling some when we were in the 60's.   I have never placed a single penny of real money into crypto currencies.  Just mined them and traded them.  I am by no means an expert.  Ive had my arse handed to me on stocks several times, but imho the crypto currency marlets are a little easier to read.  Especially when you have such an insight into the "company" as a forum where everyone involved in its creation and marketing posts.

Exactly why crypto is so beautiful. And like all trading it's a gamble.  I bought all my LOT before it even came to coinedup or other exchanges. But some more when it did. But I have never sold a single LOT. Could have sold my whole stack and make a profit of 15btc. I didn't. Even though im 20years old and I don't have a job nor a income.  I did it because i believe.  And im working around the clock to support LottoCoin and push it forward.

Talking about dropping 5 satoshis here or going up 5 satoshis there is nothing really.  Its all speculation, what we all should focus on here is what WE can do for this coin.

Cheers.

[KeyserSozeMC]

Hey, it's @ThisWeeksCoin

Look at this..

Heavy promotions are running currently. What does that mean? Advertisement = Profit. Right?

If right, then, isn't better for a coin to have a LOWER price? So people can buy CHEAPER?

A little scenario for the ones who don't understand how the markets run.

- There is mr X and mr Y

Mr X has a LOT of LOT, but he's a newbie when it comes to trades.
Mr Y has experience in trading and BitCoins ( amount doesn't matter, the more, the better for him )

So, when mr Y sees that a coin, LOT in our case, is going to succeed, what does he do? He scares mr X, so he ''dumps'' cheaper. Then, mr Y BUYS CHEAP.
Does it work? Of course. Everyone can do it, all You have to do is to have some BTC so you can manipulate the market.

End of the sex story.
__________________________________

Conclusion? Don't dump. When You see dips, BUY. Markets bounce all the time, look at BTC. It was 1200+, then it went to 400, where is it now? Oh, right, near 900 USD at mtgox.



I eat trolls for breakfast.

Thanks for your time everyone.

Let's lift LOT to the sky, and keep it there for long.

[C3ALL]

Talking about dropping 5 satoshis here or going up 5 satoshis there is nothing really.

5 Satoshi on a 30 satoshi coin is 16%.   SHow people an investment where they can make 16% return in as little as a couple of hours and people will be on it like a tramp on a sandwich.

[Sparkzor]

Hey, it's @ThisWeeksCoin

Look at this..

Heavy promotions are running currently. What does that mean? Advertisement = Profit. Right?

If right, then, isn't better for a coin to have a LOWER price? So people can buy CHEAPER?

A little scenario for the ones who don't understand how the markets run.

- There is mr X and mr Y

Mr X has a LOT of LOT, but he's a newbie when it comes to trades.
Mr Y has experience in trading and BitCoins ( amount doesn't matter, the more, the better for him )

So, when mr Y sees that a coin, LOT in our case, is going to succeed, what does he do? He scares mr X, so he ''dumps'' cheaper. Then, mr Y BUYS CHEAP.
Does it work? Of course. Everyone can do it, all You have to do is to have some BTC so you can manipulate the market.

End of the sex story.
__________________________________

Conclusion? Don't dump. When You see dips, BUY. Markets bounce all the time, look at BTC. It was 1200+, then it went to 400, where is it now? Oh, right, near 900 USD at mtgox.



I eat trolls for breakfast.

Thanks for your time everyone.

Let's lift LOT to the sky, and keep it there for long.

This, this is so true. I've tried to do it myself with another coin!

[C3ALL]

If you think one person with as little as 4m lot can !manipulate the market, then you are mistaken.

Oh now buy/hold by the way.  Back to hold at 36/37.

[d0d0]

"Nobody likes you" is ridiculous. Actually C3ALL, svennand and a few others.. seem like the few people in this thread with intellectual, argumentated and logical comments.

And next time you don't agree with something someone posts, don't go into Full Potato Mode:
- "YOU JUST WANT TO BUY LOW"
- "NOBODY LIKES YOU"
- "GET OVER IT"
but actually make an effort and try to use that thing inside your head called a brain.


Can never predict 100% what happens to a coin, but what happened earlier in this thread with:
- unprofessional developer
- multiple account verbal abuse
- lack of transparency
- dodging all questions
- declining bug in code over-and-over, while issue has been raised weeks ago (see page 63)
- heavy pre-mine dumping
...should be a pretty good indicator.

To the people that are still losing money, next time try to look at all the information objectively before making any decisions. Some of these "positive pump" comments are ridiculous, and a big percentage of these comments are from Lottocoin team-members themselves.

Let's use this tactic for example on KeyserSozeMC's comments. He is suddenly overly enthusiastic, posting multiple comments on twitter/forum, promoting Lottocoin.
What does your instinct/gut tell you?
a) Lottocoin is great i'm gonna spend all my money on it !!
b) He most likely got paid to promote a sinking ship. If he really believed in the long-term success/potential of this coin, he would buy all of it cheap, and sell it later for profit.

Sorry for the long post, I'm just getting really annoyed by the amount of bullshit in this thread. Some people actually fall for this shit and end up losing a bunch of money.

Lottocoin bottom was never 40. It is 0 ("zero"). (Disclaimer: just my opinion, not a fact)

[kwasime]

I THINK THE DUMP HAS STOPPED....PRICES ARE QUITE STABLE NOW.....

[boomerjackson]

I THINK THE DUMP HAS STOPPED....PRICES ARE QUITE STABLE NOW.....

no they aren't

[C3ALL]

hold.

[svennand]

Guess the buying tip @41 wasnt that good afterall

[funkycoin]

This slump is probably a healthy 'market adjustment'.

think about it... most people on this forum knew about the coin before it hit cryptsy and bought between 20-35 while waiting for the coin to hit criptsy... many more here were lucky to be around before buying even lower and taking advantage of 'easy' mining. There was even the same pre-crptsy slump down to 13/15 but this was short lived.

Goes on Cryptsy and naturally the miners who had been waiting cryptsy release sold and dumped... these are the guys who mine early releases of coins as the difficulty is low and then move on to the next coin... my son's friend leaves his PC on all day with software that automatically identifies the most profitable coin and switches his mining to ONLY mine the coin at the top of the most profitable list... many of these guys simply sell as they mine so while difficulty is still relatively low there's going to be lots of coins pouring on the market for a while...

Meanwhile the people who bought as it hit Cryptsy are either holding or were savvy enough to buy on the high troughs and sell on the low... even as the price fell the savvy investors are making money and do so on all coins with volatile activity... they actually make more money on the fall at every drop as they are relying on panic selling and picking up the panic sells while relisting a few percent higher as people still see this a coin worth investing in...

So now we hit the price most people bought in at on this Forum... do you buy or sell? well yes of course it can still fall lower but so long as the DEVS have got integrity the coin will bounce back... Personally I see a glint of good in all the mayhem and I'm looking forward to the release of Mr Lottos casino project that he's invested in.

Now it is a bit worrying I must admit that one of the DEVS is now looking for an experienced DEV to join the team... BUT this is both positive AND negative and here are my thoughts...

If the DEV team which have shared some nice bounty for themselves were worth the money they divided up then why on earth are they looking for an experienced DEV... but on the positive side... if this was another scamcoin then the DEVS would sit tight slowly dumping their premine pay cheques knowing the ship was going down... the fact they are looking for a DEV is because (IMHO) they realise they are out of their depth but have a great product that is worth saving.

If you've been following my input for the last couple of weeks I was screaming out for a LOGO redesign... the logo was a clear give away these guys did not have a clue about branding and the importance of having a quality logo on their Cryptsy launch... the 1 Bitcoin 'prize' to find a pro designer was not only a bad decision it also showed they had no real desire to get this coin branded quickly to a level that investors and end users would take seriously as it was bought on Cryptsy and distributed on sites like ebay by third party sellers... they finally took my advice and launched a competition to redesign the coin but just as I predicted the 1 Bitcoin 'prize' has only attracted some piss poor designs that look even worse than the current coin.

I got completely ridiculed on the official forum for having the audacity to put in an offer to do it for 3 bitcoin... a drop in the ocean in launching the brand and the marketing budget... but ironically the most important investment of all... no coincidence that major corporates will think it nothing paying for a design consultancy up to $1000,000 just to do the initial set of 'focus group' logos before they launch a new brand or evolve theor existing brand ID and logo... outcome... with so much negativity from you guys I didn't bother pushing my case or putting the time in to turn it around but it should now be evident to all that now is the time to sort this out before it is too late

Current indications and past decisions show that the DEV team are out of their depth... I for one have invested heavily... 20 million... so this post is NOT troll wars or FUD... its a reality check.

NOW is the time to turn this mother round... please DEVS... get the coin branded right, invest in a good logo to give the brand confidence as I advised before it hit Criptsy here and on the lottocoin forum
.
COME clean on the pre-mine to quosh rumours... be 100% transparent and publish wallet address to allay fears from the 'skeptics' and attract the big investors (who have not even touched this coin yet) to begin investing and pumping. People are fickle and they go where the action is... no action and the coin will die.

I DO believe great things are around the corner and this coin will turn... DEVS now seem to be taking the right decisions and listening to the wiser pundits on this forum who are not trying to bring the coin down... but ARE giving good advice and their time for free to give detailed intelligent critical analysis.

Anyone who calls this FUD has their neck deeply pushed in to the sand, and the fact that there intelligent watchers feeding in to this thread is good news as intelligent debate and collective open debate reflects this coin is attracting attention and intelligent people who wish for the coins success.

Looking forward to the new future of LOTTOCOIN... I'm holding, not dumping...

Go Mr Lotto, looking forward to the big news you have hinted as this will also inspire confidence!... don't lose hope... watch this space! If you need help PM me and I'll work hard to help!

LOTTO TO THE MOOON

[kwasime]

THE BEST SOLUTION NOW IS TO BUY AND HOLD.......UNTIL DEMAND INCREASES THROUGH THE ADVERTISEMENT....WE HAVE TO FIX IT....IT IS FOR OUR OWN GOOD......I KNOW IT IS GONNA BE A LONG WAY TO GO BUT A JOURNEY OF A 1000 MILES BEGINS WITH A STEP AND THE STEP IS MOST DEFINIATELY THE COMPAIGNING......PLUS PLEASE MINERS SHOULD HOLD PLEASE......MINER PLEASE DONT DUMP....HOLD FOR A WHILES AND SELL REASSONABLE.....PLEASE