$1000 bitcoin

o hai guyz said:
BTC-e people have been trying to pump the LTC-ripoffs like TRC/NVC a lot lately, could be influenced by that.
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Not lately, for almost a year now. This practice is common in "bubbles" when the performance/ROI curve is reaching it's threshold, high returns on the main asset (real estate, oil, gold, bitcoin) are no longer possible due to resistance so the pumpers move on to "the next big thing" (commercial real estate, natural gas, silver, litecoin) which they push as 'undervalued" (aka high returns) and start promoting that.

Use google's time specific search parameters and you can see litecoin being pumped as the next bitcoin boom as early as December of last year. All the guys that were pumping litecoin now seem to be pumping feathercoin for the same reason. If you're going to throw money at digital currencies you're probably better off going with one of the other *coins http://www.cryptocoincharts.info/v2/coins/info

Or use those marketing skills and start your own.
 


cheshire said:
Litecoin is going crazy because of the Chinese buying it up and the fact that bitcoin is so damned expensive right now. It has no uses now but it will soon. Expect that price to hit the $xxx range as soon as coinbase and Gox add it to their exchanges.

So glad I bought LTC at $12.

Getting fiat into the exchanges is the hardest part really, once they simplify that whole process then all this shit will explode.

Hold your BTC until you hear your grandma asking about it then sell that shit like crazy.
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Easiest way I've found to get fiat to the exchanges is to just buy BTC on Coinbase, transfer the BTC, then exchange it for the alt you want.

Has Coinbase hinted about adding LTC? I haven't heard anything about this. I bought about 3k like Thorn did, was considering picking up more when it was floating around $10 for a few days but now it's going so crazy it's looking less attractive.

cheshire said:
I said that when it was $500, then when it was $600 ... said fuck it and got in at the $650ish range....
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LOL I did that with BTC. Bought a stash at $100, then after it hit 200 I was planning to buy in again "as soon as it dips back under 200." Then it hit 300 and I remember having a convo with my friend where I said "lol nah it's not gonna sustain 300 that's just too high." At 350 I just said fuck it I'm in.
 
LTC is running on a different line now.

There is a heavy shortage of sellers and coins, around 30% lower as the demand, at last
at btc-e. That always drive the charts up.

I used PerfectMoney to put $ in btc-e. Curse the time it needed, i missed a 1.6 or 1.8$ buying point because that. And i need to call my credit card bank direct so they did a wire transfer to some polish bank for it. I can swear the support center girl rised some eye brow on the other end of the line as she entered the polish bank data.
 
ayzo said:
Not lately, for almost a year now. This practice is common in "bubbles" when the performance/ROI curve is reaching it's threshold, high returns on the main asset (real estate, oil, gold, bitcoin) are no longer possible due to resistance so the pumpers move on to "the next big thing" (commercial real estate, natural gas, silver, litecoin) which they push as 'undervalued" (aka high returns) and start promoting that.

Use google's time specific search parameters and you can see litecoin being pumped as the next bitcoin boom as early as December of last year. All the guys that were pumping litecoin now seem to be pumping feathercoin for the same reason. If you're going to throw money at digital currencies you're probably better off going with one of the other *coins List of all traded alternative cryptocurrencies with blocks, difficulty, hashrate and marketcap.

Or use those marketing skills and start your own.
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Thanks for the info, that's useful to know.

The thing that bothers me about litecoin though is I think all of the buyers now are just investors speculating that the exchanges will pick it up. If/when they realize that's not gonna happen -> crash. Unlike bitcoin, litecoin gets no media coverage, no news stories, no merchants accept it, and even buying it is a huge pain in the ass. So is there anything to justify that the huge 24-hour leap from $10 to $30 is actually the start of a solid uptrend and not just a fluke?
 
o hai guyz said:
Thanks for the info, that's useful to know.

The thing that bothers me about litecoin though is I think all of the buyers now are just investors speculating that the exchanges will pick it up. If/when they realize that's not gonna happen -> crash. Unlike bitcoin, litecoin gets no media coverage, no news stories, no merchants accept it, and even buying it is a huge pain in the ass. So is there anything to justify that the huge 24-hour leap from $10 to $30 is actually the start of a solid uptrend and not just a fluke?
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I think it's fair to say that outside of people looking to either launder money out of a country with restrictive currency controls (China, Venezuela, Argentina) and people who need to buy things while staying anonymous most bitcoin/litecoin volume is coming from investors. If you do a google search for "discussions" from the past week you'll see litecoin is getting a lot of buzz on many non tech/business/ecommerce/bitcoin related forums, for example this one is now 90 pages deep and was started back in april Litecoins — The next Bitcoin bubble. GTFIH inb4 explosion (info, discussion, etc.) - Bodybuilding.com Forums and the exchanges will pick it up as long as they see demand for it.

Aside from those types of threads around the web, you also see indicators like this: Alpha Technology Announces ASIC Miners for Litecoin Are Coming Soon which is a good sign that the bubble will continue. If you start seeing "you can now buy real estate with litecoins" and "super-best-online-electronics.info now accepts litecoin payments" type stories, jump in.
 
its your chance right now. btc-e with connection problem causing ltc to drop by $5. You can make some good bucks if you come through right now. :-)
Other sites did not drop.

Thats all so unprofessional compared to that massive amount of money moved there.
I love it.
 
BigWill said:
Eh, it follows a pretty consistent chart. It rally's then drops to half of the peak, then generally rallys to 150% of the median then drops back down 100% of its value. Growing about 50% every single rally. It's been following this pattern as long as I have been watching it since it's value was in the 20's.

If its following the pattern still (appears to be) Buy(bottom) would be in the 500-600 range since it peaked at around 1k. So now we can expect next sell range to be around 1.5k (if it continues the pattern)
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I am.. the profit!
 
Well, can't buy as many. ltc/btc ratio synchronized somewhere last week. You can't make pump & dump money anymore by moving from one coin to the other. And adding usd to the exchanges needs days...

BTC lost nearly 30% (on btc-e) so far but its for sure a bot attack. Late Sunday, at the weeks lowest buyers point. There is only half the usd involved at buyers side as on other days. And there are spikes, where btc/ltc drops hard and then it rise when the bots triggers for buy.
 
Now that lukeps networth took a 50% hit, how about one of you takes out this juicy position:

ol6vQSq.jpg


lets check bloomberg: EUR to USD Exchange Rate - Bloomberg

7% sound good? buy me a beer
 
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