LOTTOCOIN OLD THREAD, [CLOSED]

[C3ALL]

where is that sell volume coming from :S

Sadly there was no real volume on the buy book, so the autosells and panic sales were enough to eat through the buy orders at various points.  Next pause without any serious buying will be 11/10 imho.

Not great news, but its just the volume of sells vs buys.  There may be a group of people here that believe in the long term of this coin, but they dont have enough BTC to soak up every coin being sold, and even if they did - they may as well let it drift lower if they want as many of them as possible before the upside they believe in occurs.  This has now moved to a very long term hold imho.  Just as some here have said, it may now be a few months before we start to see real value return.  If lotto gets accepeted on the payments site, and the casinos arrive etc, it may help move upward.  For now, for me, its probably mine something else, and hold what LOT I have left for the long term, buying LOT with any spare BTC exchanged from other coins.


EDIT:  The buy order at 1 satoshi just jumped from 10BTC to 40BTC.  Good luck to the people who added to that.  There are now 4 Billion coins on that 1 satoshi order.  Which is over 25% of the coins expected to be made, ever.   No chance what so ever people are getting those orders filled for a few years imho.

[Aki4real]

where is that sell volume coming from :S

Sadly there was no real volume on the buy book, so the autosells and panic sales were enough to eat through the buy orders at various points.  Next pause without any serious buying will be 11/10 imho.

Not great news, but its just the volume of sells vs buys.  There may be a group of people here that believe in the long term of this coin, but they dont have enough BTC to soak up every coin being sold, and even if they did - they may as well let it drift lower if they want as many of them as possible before the upside they believe in occurs.  This has now moved to a very long term hold imho.  Just as some here have said, it may now be a few months before we start to see real value return.  If lotto gets accepeted on the payments site, and the casinos arrive etc, it may help move upward.  For now, for me, its probably mine something else, and hold what LOT I have left for the long term, buying LOT with any spare BTC exchanged from other coins.

Ah I agree, wasnt in lot for shortterm to begin with.
Thinking about selling some dmd and getting some more Lot, but ill probably gamble those away anyway lol

[batmaninpink]

doh. a 31M sell @ 11

[damnation]

Yea... somehow I start to think to dump all my LOTs on next uptrand and rebuy at 9-11@ or even lower

possible i sold 400k lot at 21 and bought back 400k at 19 earning about 0.01..

[holzer]

Sold 2 million at 19 bought 3 million at 13. I guess it could be worse. See how it goes from here. Worth the gamble at this price I think.

[C3ALL]

Turned half my holding into BTC and then USD while BTC was around $950.  As I think thats a bit of a bubble on BTC imho.   Will watch both BTC and LOT and maybe convert some back to reinstate back to my original level of holding in LOT at a later date.

[holzer]

Well the one positive from all this is that the lanslide of sell orders under 50 from the past week have mostly been bought up from people who are more likely to sit on it and wait then dump.

[jdebunt]

Just a reminder, the Lottocoin article is online! please share it as much as you can! (I own that website btw) :

http://www.cryptoarticles.com/crypto-news/2014/1/6/bitcoin-is-a-gamble-lottocoin-a-safe-bet


Donations, are as always, more than welcome , LxcRGiUvxh6LeEGHsfJfCFGLqeBXpUvF89

[C3ALL]

Just a thought that if there was any profit made from trading or selling the premine, a simple 3.5BTC buy could walk this back up to 21 in a blink.

[skillrun]

when not everyone acts like: "Dafuq the world is crashing the coin seems to die so i have to sell now everything i have in stock. Doesn´t matter what price - main thing to save any of my btc" - then it will bounce up for sure

[noedelx]

there we go!

[boomerjackson]

9btc buy order at 20..nice

[skillrun]

9btc buy order at 20..nice

back up- i just transfered btc to my wallet so i can buy more LOT by this nice price. Came to late :/

[noedelx]

9btc buy order at 20..nice

back up- i just transfered btc to my wallet so i can buy more LOT by this nice price. Came to late :/

23+!

[Majkeeno]

Whoever it was, nice move...false two walls as I remeber well...

[Grrizz]

Damnit spent 5min reading an article waiting for it to hit 10 and now its back to 20+ Looks like I missed out on expanding my stock!

[sfireman]

LOL! That was a perfect haircut of panic selling hamsters, ROFL 23+

[ifightformerkel]

Damnit spent 5min reading an article waiting for it to hit 10 and now its back to 20+ Looks like I missed out on expanding my stock!

its go now up very fast, you must all buy NOW, because its going up like a rocket too 50+

[boomerjackson]

if my cryptsy balances would update that would be fucking swell

[skillrun]

Damnit spent 5min reading an article waiting for it to hit 10 and now its back to 20+ Looks like I missed out on expanding my stock!

its go now up very fast, you must all buy NOW, because its going up like a rocket too 50+

lol -  how you come to such a statement ?