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FlyForFun
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August 12, 2014, 02:34:17 AM |
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Litecoin and every other alt-coin is dropping really hard...
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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old fart
Member
 Offline
Activity: 308
Merit: 10
Bitcoin is the future
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August 12, 2014, 02:37:45 AM |
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Litecoin tanked a while back and I thought it was finished, but it bounced back quite quickly.
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dspair
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August 12, 2014, 02:39:52 AM |
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BTC went down a little bit too. I guess some old LTC bagholder is cashing out.
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Newbie1022
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August 12, 2014, 03:09:34 AM |
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It dropped too much too quickly. It shouldn't have a high value, but $7 is a decent strike price. I call bull----. People are putting way too much stock into the CFPB and into Ethereum (which is a scamcoin). This is one of the rare really good short-term buys.
Note: On the year, it looks like hell, but a 20% - 25% drop in a day on the heels of other drops and no dramatic news is just too much if you ask me.
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SolomonRising
Full Member
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Activity: 170
Merit: 105
The Truth illuminates the eyes of the heart!
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August 12, 2014, 03:22:50 AM |
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I think it's going to $5 which would make it a screaming STRONG buy. If it breaks $5 then it could hit $3 but I think whales would buy up all they can at $5 so I doubt it will go that low. This is a gift right here, buy up all you can.
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The fear of the LORD is the beginning of wisdom: and the knowledge of the Holy One is understanding.
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IXC2XIC
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August 12, 2014, 04:03:58 AM |
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Looks like it has support at .0100 but if it breaches that it would easily hit $5 and maybe even $3. Anything under $5 is gonna get bought up fast by the Bitcoin whales. I would buy too if I had the money.
The same goes for doge at anything under 15 sats.
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flipstyle (OP)
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August 12, 2014, 04:14:49 AM |
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Wow.
Free fall mode. Losing 20% of your value in a single day for litecoin is definitely not commonplace. If it breeches 5 bucks by the end of the week, I'm going in.
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IXC2XIC
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August 12, 2014, 04:19:50 AM |
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Wow.
Free fall mode. Losing 20% of your value in a single day for litecoin is definitely not commonplace. If it breeches 5 bucks by the end of the week, I'm going in.
If $6 doesn't hold then I think it's definitely going under $5 and if that happens the bottom will fall out and it will hit $3 although I think it would rebound very quickly as the smart big money knows that's a steal. So be ready to buy if you're gonna buy. |
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Hfleer
Sr. Member
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Activity: 448
Merit: 250
Changing avatars is currently not possible.
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August 12, 2014, 04:28:43 AM |
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People are selling to join Ethereum, StorJ and Syscoin. Also Stellar is not helping.
This is not soley a LTC problem but all alts.
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██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████ |
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kerafym
Full Member
Offline
Activity: 224
Merit: 100
THE GAME OF CHANCE. CHANGED.
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August 12, 2014, 04:38:47 AM |
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People are selling to join Ethereum, StorJ and Syscoin. Also Stellar is not helping.
This is not soley a LTC problem but all alts.
And the same cycle will repeat a few months down the road when people selling Ethereum, StorJJ, Syscoin, Stellar to jump on next hot coin. Human stupidity never cease to amaze me. |
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kelsey
Legendary
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Activity: 1876
Merit: 1000
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August 12, 2014, 04:38:56 AM |
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obviously trading vol been too low of late so someones taken the advantage to play the market  too many people saying they'd top up on ltc if it falls below $5 to have it not bounce imo. |
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kelsey
Legendary
Offline
Activity: 1876
Merit: 1000
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August 12, 2014, 04:40:40 AM |
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People are selling to join Ethereum, StorJ and Syscoin. Also Stellar is not helping.
This is not soley a LTC problem but all alts.
And the same cycle will repeat a few months down the road when people selling Ethereum, StorJJ, Syscoin, Stellar to jump on next hot coin. Human stupidity never cease to amaze me. agreed. pretty much why I mainly stick with ltc out of the alts, seen so many other innovative greatest thing come n go. |
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Hfleer
Sr. Member
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Activity: 448
Merit: 250
Changing avatars is currently not possible.
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August 12, 2014, 04:40:55 AM |
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People are selling to join Ethereum, StorJ and Syscoin. Also Stellar is not helping.
This is not soley a LTC problem but all alts.
And the same cycle will repeat a few months down the road when people selling Ethereum, StorJJ, Syscoin, Stellar to jump on next hot coin. Human stupidity never cease to amaze me. Exactly. Todays markets are so hype driven. Nobody gives a shit about value, only price. |
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Hfleer
Sr. Member
Offline
Activity: 448
Merit: 250
Changing avatars is currently not possible.
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August 12, 2014, 04:41:27 AM |
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obviously trading vol been too low of late so someones taken the advantage to play the market too many people saying they'd top up on ltc if it falls below $5 to have it not bounce imo. That is what they say. The orderbooks say otherwise. Doesn't look too good atm! |
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kelsey
Legendary
Offline
Activity: 1876
Merit: 1000
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August 12, 2014, 04:47:15 AM |
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obviously trading vol been too low of late so someones taken the advantage to play the market too many people saying they'd top up on ltc if it falls below $5 to have it not bounce imo. That is what they say. The orderbooks say otherwise. Doesn't look too good atm! funny thats exactly how I arrived at my conclusion  |
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Hfleer
Sr. Member
Offline
Activity: 448
Merit: 250
Changing avatars is currently not possible.
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August 12, 2014, 04:50:18 AM |
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obviously trading vol been too low of late so someones taken the advantage to play the market too many people saying they'd top up on ltc if it falls below $5 to have it not bounce imo. That is what they say. The orderbooks say otherwise. Doesn't look too good atm! funny thats exactly how I arrived at my conclusion Yeah, but nothing can be done really, if it starts to seriously tank, then the measly orders that you and me could put on are dust in the wind! |
██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████ |
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kelsey
Legendary
Offline
Activity: 1876
Merit: 1000
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August 12, 2014, 04:53:53 AM |
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obviously trading vol been too low of late so someones taken the advantage to play the market too many people saying they'd top up on ltc if it falls below $5 to have it not bounce imo. That is what they say. The orderbooks say otherwise. Doesn't look too good atm! funny thats exactly how I arrived at my conclusion Yeah, but nothing can be done really, if it starts to seriously tank, then the measly orders that you and me could put on are dust in the wind! well speak for yourself (i'm already one of the largest ltc holders and have been for quiet sometime). you do know alot of the big buys and sells on ltc (and btc) aren't done via the exchanges most here frequent? so if there is a big sell/buy on the exchanges its for a reason |
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devphp
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August 12, 2014, 05:03:26 AM |
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365 days ago price was $2...today it is $5....lol...
hi smoothie, still thinking Litecoin won't hit 0.009 before end of the year? |
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Hfleer
Sr. Member
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Activity: 448
Merit: 250
Changing avatars is currently not possible.
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August 12, 2014, 05:11:00 AM |
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obviously trading vol been too low of late so someones taken the advantage to play the market too many people saying they'd top up on ltc if it falls below $5 to have it not bounce imo. That is what they say. The orderbooks say otherwise. Doesn't look too good atm! funny thats exactly how I arrived at my conclusion Yeah, but nothing can be done really, if it starts to seriously tank, then the measly orders that you and me could put on are dust in the wind! well speak for yourself (i'm already one of the largest ltc holders and have been for quiet sometime). you do know alot of the big buys and sells on ltc (and btc) aren't done via the exchanges most here frequent? so if there is a big sell/buy on the exchanges its for a reason Sure. But if those big Buy/sells take the exchange rate as an indicator, then it is still incredible important. The orderbooks are slim and that is an indicator that the demand for that coins is not so healthy anymore. There are always people pushing their agenda by manipulating, but to say everythin is due to that is pretty risky |
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