LOTTOCOIN OLD THREAD, [CLOSED]

[MtRev]

Before the end of February, i'm "almost" positive we will see a huge spike in price per coin; you'll see.. .

[1715199022]

1715199022

[1715199022]

1715199022

[1715199022]

1715199022

[drepteck]

Yeah, a spike back up to these levels after it falls back to 15. No thanks, it's dropping like a rock.
If I'm wrong (likely ) then I will owe you and everyone on this thread an apology.

[MtRev]

Keep in mind, every crypto-coin has dropped this while month and this includes bitCoin, which is one of the most widely accepted.

[drepteck]

Yes, but some more than others. Lotto coin dropped from 70 to 24 which is a 70% increase from it's lows at around 15. That's a massive 75% haircut and the sellers keep piling on.
Doge took a much smaller 40% haircut and went from a high of 280 to the current 180 which is still a 700% increase from it's lows of around 25.
Similar coins during this same time period have only lost 50% or less of their value and maintained a large percentage increase from their lows.
Lottocoin is a very poor performer in comparison. With that said, I expect this to continue dropping as more people come to realize this.

Then again, maybe Lottocoin is wildly oversold? I think this stems from the casinos and games being constantly considered rigged to make you lose.

[MtRev]

You're right, the percentage wise is greater then BitCoins and other well established coins. However, the reason for that is due to the price per coin.
You cannot compare OTC/Pinks penny stocks VS the Big boards stocks. There a huge difference between the two. The same goes for the main coins and the new sub penny coins.

You also want to keep in mind, as easy as these sub penny coins can drop 75% gain in a day, it can as easily rise 75% as well.
You won't see that happening with BitCoins when it's close to $1k in value.

You cannot really compare by percentage movement, but instead study the chart pattern, its relatively the same.

[drepteck]

I'm not comparing pinks to big boards. If you want me to cater to your logic then lets take Catcoin for example.
Catcoin went from 20,000 Satoshis to 100,000 during the jump. It is now sitting at 55,000. This is less than a 50% haircut and is nearly 300% of its low.
Nearly every coin I look at, small market cap or large, performed better than Lottocoin, why is that? No really, it doesn't make sense to me, unless this was a pump and dump coin.
I wouldn't be here talking about this coin if it didn't interest me, but right now the risk is too great.

[MtRev]

Do you mean other then the same person who logins in different accounts to bash on LOT coin every other day?
If I was to do that to CatCoin thread with 3 accounts, i'm sure the same would happen to them.

Just because LOT coin was made for gambling sites, they blame it on the coin in general when they gambling more then they can afford.
People play casinos and they lose their money, so they come here to take their anger out. Sometimes, you need to stop and think about why would the same person keep coming back here to talk smack every other day. There is some kind of agenda and isn't a simple rant.

[drepteck]

That is irrelevant and you know it, also what do posters here have to do with coin performance, every board has their black sheep.
I'm merely pointing out how Lottocoin is one of the worst performing altcoins in the market right now.
This is what led me to be interested in the first place. Either the coin is a scam, or its wildly oversold and underpriced.
I'm going to test this myself, I'm going to buy 100,000 lot and transfer them to various games.
I've played online casinos before, I play on Royal Ace a lot, and I have a feel for how they work.
I'll let you guys know how it turns out. I'm also going to try the method of always picking black.

[cryptasm]

That is irrelevant and you know it, also what do posters here have to do with coin performance, every board has their black sheep.
I'm merely pointing out how Lottocoin is one of the worst performing altcoins in the market right now.
This is what led me to be interested in the first place. Either the coin is a scam, or its wildly oversold and underpriced.

Another sockpuppet 

Mate you need to get a hobby or a girlfriend

[drepteck]

You are starting to lose ground here by posting 24hr changes. Graincoin was at .00012 before the spike. It peaked at an average of .00061 and is now sitting at an average of .00034. This was less than a 50% haircut and is over 250% higher than it was before the spike. This makes even Graincoin a better performer than Lottocoin. Anything else?

That is irrelevant and you know it, also what do posters here have to do with coin performance, every board has their black sheep.
I'm merely pointing out how Lottocoin is one of the worst performing altcoins in the market right now.
This is what led me to be interested in the first place. Either the coin is a scam, or its wildly oversold and underpriced.

Another sockpuppet  

Mate you need to get a hobby or a girlfriend

Huh   well it's settled, screw this coin. Bad coin, bad community. If you are expecting to get new investors to take those bags off your hand, then good luck with that attitude. See you at 15 satoshis.

[komrobert]

You are starting to lose ground here by posting 24hr changes. Graincoin was at .00012 before the spike. It peaked at an average of .00061 and is now sitting at an average of .00034. This was less than a 50% haircut and is over 250% higher than it was before the spike. This makes even Graincoin a better performer than Lottocoin. Anything else?

That is irrelevant and you know it, also what do posters here have to do with coin performance, every board has their black sheep.
I'm merely pointing out how Lottocoin is one of the worst performing altcoins in the market right now.
This is what led me to be interested in the first place. Either the coin is a scam, or its wildly oversold and underpriced.

Another sockpuppet  

Mate you need to get a hobby or a girlfriend

Huh   well it's settled, screw this coin. Bad coin, bad community. If you are expecting to get new investors to take those bags off your hand, then good luck with that attitude. See you at 15 satoshis.

You can't compare like that though, every dump(or pump) takes a different amount of time, you don't know if grain will fall to 1/2 of it's value today in a week, you are talking nonsense. LOT has pretty much stabilized at 26-28 satoshis now and is gaining buy support with more dev and website support coming this month, this coin has a future! Now look at MOON: It has no real purpose, no real community as is is very small and has 20x+ coins and is sitting at 11 satoshis, that is insane! Look at the new LEAF coin:that thing hasn't even had time to get support and has a shit exchage yet is still hovering around LOT price, the trend is about to change and I don't think all those alts are coming down, so it is time for LOT to come up to their value especially keeping the huge volume in mind(for the last few days at least)

[DRobert]

Ponzi Scheme coin?

[komrobert]

Ponzi Scheme coin?

Every single coin then?

[drepteck]

There are only two possibilities. One is that Lottocoin is severely undervalued and oversold, based solely on the tiny market capitalization in comparison to other coins.
This was why I became interested. As a penny stock investor for many years, it was quite easy to spot that something was wrong with the valuation here.
Tried my bat at the casino and can confirm that it is a scam. Did exactly as was posted earlier, picked only black and look at the results:

https://i.imgur.com/3rzzvMb.jpg

Was going to try picking only black but ran out of money -__-

[Oldminer]

Ponzi Scheme coin?

Its going to be around a lot longer than your doge poo coin 

[kpg99miner]

Is today the day for Texas Holdem?

[mrlotto]

NEW THREAD:  https://bitcointalk.org/index.php?topic=443143