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SlaveInDebt
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March 11, 2013, 06:55:03 AM |
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LTC is to BTC as Silver is to Gold. When Gold goes up, Silver goes up faster  Since when are you on this boat? Since he's heavy in GPU's. Not knocking Goat in any way though. |
"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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oakpacific
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March 11, 2013, 06:56:30 AM |
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Well, looks like someone's wire transfer has just gone through...
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solex
Legendary
 Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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March 11, 2013, 07:02:17 AM
Last edit: March 11, 2013, 07:39:08 AM by solex |
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theirs a big knife coming i can feel it!
Last chance to sell above 20  Holy crap dude...put something in your sig to indicate your nearly unbroken streak of incorrect calls. If you're following your own advice you must eat a whole lot of ramen noodles. savin' typin' Edit: Just noticed, so got to have this on page 666  |
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alexmat
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March 11, 2013, 07:04:40 AM |
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Holy crap dude...put something in your sig to indicate your nearly unbroken streak of incorrect calls.
Haha, yes. Being wrong so consistently is amazing, and you should certainly wear that badge of honor. I'm subscribed to his posts so I can sell all my BTC when he gets bullish. |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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March 11, 2013, 07:06:49 AM |
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Holy crap dude...put something in your sig to indicate your nearly unbroken streak of incorrect calls.
Haha, yes. Being wrong so consistently is amazing, and you should certainly wear that badge of honor. I'm subscribed to his posts so I can sell all my BTC when he gets bullish. Good plan, and when he gets bearish after that we load up and make a killing! |
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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March 11, 2013, 07:08:33 AM |
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Well, looks like someone's wire transfer has just gone through...
Monday morning Europe time! :-) |
more or less retired.
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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March 11, 2013, 07:12:15 AM |
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Well, looks like someone's wire transfer has just gone through...
Monday morning Europe time! :-) I used to hate Mondays. Thanks Bitcoin |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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SlaveInDebt
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March 11, 2013, 07:39:07 AM |
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Knew I should have bought back in at 46   |
"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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March 11, 2013, 07:40:19 AM |
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gox down, iv not seen a trade in forever...
Is it down? Or just crushed beneath the weight of bids? |
more or less retired.
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LightRider
Legendary
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Activity: 1500
Merit: 1021
I advocate the Zeitgeist Movement & Venus Project.
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March 11, 2013, 07:41:38 AM |
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Is it page 666 yet?
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SlaveInDebt
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March 11, 2013, 07:43:13 AM
Last edit: March 11, 2013, 08:09:16 AM by SlaveInDebt |
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gox down, iv not seen a trade in forever...
Is it down? Or just crushed beneath the weight of bids? Knew I should have bought back in at 46 I have not seen a trade in 34 mins. I have no idea what is going on. When this happens it is normally bullish but damn Gox... Get your shit together... f5 up to date trade pic above Large I apologize.  |
"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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Technomage
Legendary
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Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
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March 11, 2013, 09:19:03 AM |
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If LTC rises faster than BTC at this time, it's a Tulip bubble. Trust me on this. People aren't really thinking it through, the rise is not based on anything else than technicals. I looked at LTC recently to see if I should diversify my Bitcoin holdings, but I came to the conclusion that there is absolutely nothing to see there. Litecoin is used exactly for 1 thing, mining new litecoins to either sell them for bitcoins or dollars, or to hoard them (which is is highly questionable since it's a Tulip bubble).
Nothing else whatsoever is going on in the Litecoin economy. The technology itself does not have any significant advantages to Bitcoin, making it near impossible for Litecoin to even slightly challenge the network effect of Bitcoin. So, again, you might see LTC price rise temporarily at a higher rate than BTC, but there is nothing real going on. The whole LTC economy is based on people mining new LTC's, it's a dead end loop.
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Denarium closing sale discounts now up to 43%! Check out our products from here! |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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March 11, 2013, 09:27:05 AM |
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Litecoin is used exactly for 1 thing, mining new litecoins to either sell them for bitcoins or dollars, or to hoard them (which is is highly questionable since it's a Tulip bubble).
... The whole LTC economy is based on people mining new LTC's, it's a dead end loop.
Yes. I came to the same conclusion too. The first-mover advantage in crypto-currency is absolutely critical. I just can't see mainstream sites offering >1 choices of crypto. The public would see it as a Sony/Betamax or Blu-Ray/HDDVD drama all over again and be annoyed about it. |
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qwk
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Activity: 3542
Merit: 3411
Shitcoin Minimalist
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March 11, 2013, 10:08:06 AM |
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The first-mover advantage in crypto-currency is absolutely critical. I just can't see mainstream sites offering >1 choices of crypto. The public would see it as a Sony/Betamax or Blu-Ray/HDDVD drama all over again and be annoyed about it.
Seeing bitcoin as the only crypto-currency that ever will be widely used is probably a little far-fetched. People thought the same about payment systems some 10 to 15 years ago, but look at it right now, there's plenty of choice from paypal over credit cards to ukash and the like. Sure, other fledgling crypto-currencies have to have merits on their own if they want to succeed, and i fail to see those merits in LTC. But that does not necessarily mean that no other crypto-currency will be established sometime in the future. |
Yeah, well, I'm gonna go build my own blockchain. With blackjack and hookers! In fact forget the blockchain.
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Technomage
Legendary
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Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
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March 11, 2013, 10:37:41 AM |
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I'm quite sure Bitcoin will get real competition, but I don't think it's Litecoin. Ripple is something that can truly complement Bitcoin, that is something I'm far more interested in than LTC. It's possible that LTC will get real applications in the future but right now I'm seeing hype with nothing to back it up.
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Denarium closing sale discounts now up to 43%! Check out our products from here! |
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archetyp
Member
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Activity: 92
Merit: 10
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March 11, 2013, 10:44:18 AM |
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Litecoin is used exactly for 1 thing, mining new litecoins to either sell them for bitcoins or dollars, or to hoard them (which is is highly questionable since it's a Tulip bubble).
... The whole LTC economy is based on people mining new LTC's, it's a dead end loop.
Yes. I came to the same conclusion too. The first-mover advantage in crypto-currency is absolutely critical. I just can't see mainstream sites offering >1 choices of crypto. The public would see it as a Sony/Betamax or Blu-Ray/HDDVD drama all over again and be annoyed about it. you guys forget, that by buying ltc with btc and buying btc back with ltc you wash btc. |
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Spaceman_Spiff
Legendary
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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March 11, 2013, 11:25:37 AM |
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Litecoin is used exactly for 1 thing, mining new litecoins to either sell them for bitcoins or dollars, or to hoard them (which is is highly questionable since it's a Tulip bubble).
... The whole LTC economy is based on people mining new LTC's, it's a dead end loop.
Yes. I came to the same conclusion too. The first-mover advantage in crypto-currency is absolutely critical. I just can't see mainstream sites offering >1 choices of crypto. The public would see it as a Sony/Betamax or Blu-Ray/HDDVD drama all over again and be annoyed about it. you guys forget, that by buying ltc with btc and buying btc back with ltc you wash btc. LTC is also much faster. We have seen where BTC can take 1 to 2 hours to have just one confirm. Operations that need speed all the time will use LTC. Is there a reason why BTC blocks only refresh every 10 minutes? The faster confirmation time is the only value I could possibly see in LTC. Why doesn't BTC just take faster confirmation times? |
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Le Happy Merchant
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March 11, 2013, 11:31:37 AM |
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LTC is also much faster. We have seen where BTC can take 1 to 2 hours to have just one confirm. Operations that need speed all the time will use LTC.
LTC is inherently a threat to the future of BTC, the existence of both is unstable. Either one will win, or neither will. |
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rpietila
Donator
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Activity: 1722
Merit: 1036
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March 11, 2013, 11:32:48 AM |
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I'm quite sure Bitcoin will get real competition, but I don't think it's Litecoin. Ripple is something that can truly complement Bitcoin, that is something I'm far more interested in than LTC. It's possible that LTC will get real applications in the future but right now I'm seeing hype with nothing to back it up.
This may be true, but I think litecoin is here to stay. Iiro is a vocal proponent, maybe he has a huuuge stast of LTC that he wants to profit from. I would maybe buy LTC at its support line in .0025, definitely not now. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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