Bitcoin currency of the future?

Luminaire said:
His estimate was 5k by Dec 31 2018.

Which is nice, but it's the most speculative speculation in the history of speculating.

Could also be $5. We shall see.
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Even the creator of the Litecoin is skeptical. He tweeted not to get too excited.

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Zazen said:
Even the creator of the Litecoin is skeptical. He tweeted not to get too excited.

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He was just trying to bring sanity back after that insane bull run. Wild unbelievable runs brings volatility to the market and he's trying to cool it off. It's not that he doesn't believe in his coin
 
Luminaire said:
Say you bought 10k in Litecoin last week at $90.

And now it's $330... butttt.. because you can only buy 10k as an ACH transfer, your transaction hasn't posted yet. (Your price is locked in, it's just not in your account until the money clears from the bank)

So you should have a cool 25k profit but you can't sell yet.

When that transaction finally posts, what are you going to do? You're going to sell, maybe not all of it, but you're going to secure those profits. And that's going to cause it to plummet.

The people investing in Litecoin and driving the price up to $300+ do not believe in the product. They are weak hands that missed the Bitcoin craze, signed up for Coinbase and looked to get in on the next one.

That's why it plummets significantly by the end of the week.
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Tamriel Terror said:
And I just bought like $500 worth of Litecoin...

<DCrying><DCrying><DCrying><DCrying>
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Least you were able to buy. Piece of shit site wouldn't take my money when it was 250.
 
So what kind of "data" is shipped around during the "mining" stage of all this cryptocrap?
 
if i had to pick a currency of the future i'm running with bram cohen and the chia network.
 
I would sell most of my LTC for a profit if I bought some recently. Just enough to cover the expenses.
 
Luminaire said:
Say you bought 10k in Litecoin last week at $90.

And now it's $330... butttt.. because you can only buy 10k as an ACH transfer, your transaction hasn't posted yet. (Your price is locked in, it's just not in your account until the money clears from the bank)

So you should have a cool 25k profit but you can't sell yet.

When that transaction finally posts, what are you going to do? You're going to sell, maybe not all of it, but you're going to secure those profits. And that's going to cause it to plummet.

The people investing in Litecoin and driving the price up to $300+ do not believe in the product. They are weak hands that missed the Bitcoin craze, signed up for Coinbase and looked to get in on the next one.

That's why it plummets significantly by the end of the week.
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That's assuming one particular exchange is driving the price. Sometimes it's the case but definitely not always.
 
Der Eisbär said:
glad the bull run is over and its finally coming back down. hope it corrects below 300
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Most of the insane gains seem to occur between 7am-noon EST. I wouldn't be shocked to wake up tomorrow to see it at 400+, but I sold off everything except one coin. Up to 2200 in my wallet off of something like 1600 invested. I would have tripled that had I simply held, but I fucked myself from impulsive selling and misgauging peaks.
 
Bitcoin is so fucking high right now and Litecoin is soaring

My Ethereum has tripled in value
 
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Grassshoppa said:
What's a safe place to buy IOTA?
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I sold .25 litecoin which was like 25 bucks and bought up some iota just to play with it. Then ltc rocketed to 350+ and that same. 25 bitcoin is now worth like 100. Lmfao.

There's no exchanges for Americans to buy iota with dollars. Buy iota with bitcoin on binance.
 
I hope you folks have the slightest clue about what you’re doing.

People are taking out mortgages to play this game. Lol
 
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