[2014-04-04] Over 5,000 Litecoins Used to Buy Tesla Model at Dealership

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: Acidyo on April 10, 2014, 04:33:30 AM

Quote from: Bit_Happy on April 06, 2014, 07:58:57 PM

Quote from: Doretteign on April 06, 2014, 06:08:48 PM

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Too late:
Last year LTC went from 6 cents to $50 USD

It all depends on btc's price. If it goes to 1000$ ltc will follow to 40-50$ at least.

yeah, for sure. Litecoin has a good community and good devs.

havanabob

member

Activity: 88

Merit: 10

Quote from: bryant.coleman on April 10, 2014, 01:06:59 AM

Quote from: solex on April 08, 2014, 12:58:47 AM

Ouch! Don't remind me. I was all set to send $1000 of bitcoin to btc-e to buy LTC at 6c, but held back because btc-e seemed a bit too dubious. FFS, learned a lot since then.

I agree. In 2013, BTC-E seemed to be the most unreliable Bitcoin exchange. The real identities of their owners remain unknown, and their support staff are unable to reply in English when support tickets were raised.

But now in 2014, BTC-E seems to be the most trustworthy exchange. Grin

There are a lot of new exchanges popping out of nowhere. So BTC-E is pretty much the only one reliable "oldschool" exchange there is.

Acidyo

hero member

Activity: 588

Merit: 500

Will Bitcoin Rise Again to $60,000?

Quote from: Bit_Happy on April 06, 2014, 07:58:57 PM

Quote from: Doretteign on April 06, 2014, 06:08:48 PM

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Too late:
Last year LTC went from 6 cents to $50 USD

It all depends on btc's price. If it goes to 1000$ ltc will follow to 40-50$ at least.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: solex on April 08, 2014, 12:58:47 AM

Ouch! Don't remind me. I was all set to send $1000 of bitcoin to btc-e to buy LTC at 6c, but held back because btc-e seemed a bit too dubious. FFS, learned a lot since then.

I agree. In 2013, BTC-E seemed to be the most unreliable Bitcoin exchange. The real identities of their owners remain unknown, and their support staff are unable to reply in English when support tickets were raised.

But now in 2014, BTC-E seems to be the most trustworthy exchange. Grin

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: solex on April 08, 2014, 12:58:47 AM

Quote from: Bit_Happy on April 06, 2014, 07:58:57 PM

Quote from: Doretteign on April 06, 2014, 06:08:48 PM

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Too late:
Last year LTC went from 6 cents to $50 USD

Ouch! Don't remind me. I was all set to send $1000 of bitcoin to btc-e to buy LTC at 6c, but held back because btc-e seemed a bit too dubious. FFS, learned a lot since then.

Woulda coulda shoulda...sometimes trusting your gut instinct works out well for you.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: Bit_Happy on April 06, 2014, 07:58:57 PM

Quote from: Doretteign on April 06, 2014, 06:08:48 PM

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Too late:
Last year LTC went from 6 cents to $50 USD

Ouch! Don't remind me. I was all set to send $1000 of bitcoin to btc-e to buy LTC at 6c, but held back because btc-e seemed a bit too dubious. FFS, learned a lot since then.

BitOnyx

member

Activity: 112

Merit: 10

Cryptocurrencies Exchange

IT is nice to see litecoin is doing fine

zakalwe

sr. member

Activity: 445

Merit: 251

Quote from: bryant.coleman on April 07, 2014, 12:57:34 AM

Quote from: zakalwe on April 07, 2014, 12:51:54 AM

"It's just another altocoin". Sure. Congrats for the fine analysis lol.

It is. And Litecoin is a parasite which leaches off the Bitcoin.

No parasite, just synergetic........

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: smoothie on April 07, 2014, 02:51:05 AM

Really? Don't think something similar can't happen. Likely not that much % gains but still...lol

Bitcoin went from $0.0008 in 2010 to $1,200 in 2013. What about that?

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: Bit_Happy on April 06, 2014, 07:58:57 PM

Quote from: Doretteign on April 06, 2014, 06:08:48 PM

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Too late:
Last year LTC went from 6 cents to $50 USD

Really? Don't think something similar can't happen. Likely not that much % gains but still...lol

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: zakalwe on April 07, 2014, 12:51:54 AM

"It's just another altocoin". Sure. Congrats for the fine analysis lol.

It is. And Litecoin is a parasite which leaches off the Bitcoin.

zakalwe

sr. member

Activity: 445

Merit: 251

Quote from: bryant.coleman on April 06, 2014, 11:46:58 PM

Quote from: Doretteign on April 06, 2014, 06:08:48 PM

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Most of the websites which had used LTC has shut down. Examples are Atlantis and LTC-GLOBAL. It has lost its independent status, and right now Litecoin is just another altcoin.

"It's just another altocoin". Sure. Congrats for the fine analysis lol.

It doesn't hurt bitcoin at all man be quiet and relax. Denying the fact the litecoin A FACT won't help yourself to see the whole scenario of cryptos. Also dogecoin are growing up. And namecoin have a bright future. And peercoin. And several others.

Cheers brother.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: Doretteign on April 06, 2014, 06:08:48 PM

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Most of the websites which had used LTC has shut down. Examples are Atlantis and LTC-GLOBAL. It has lost its independent status, and right now Litecoin is just another altcoin.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: Doretteign on April 06, 2014, 06:08:48 PM

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Too late:
Last year LTC went from 6 cents to $50 USD

Doretteign

newbie

Activity: 13

Merit: 0

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

cool, he bought it with the silver of the cryptoworld

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: hilariousandco on April 05, 2014, 07:10:42 AM

Just goes to show the risk involved with dealing in crypto. I wonder what The company did with them or whether they used some sort or payment processor?

The car dealers immediately converted the coins to cash using Gocoin. So there were no losses to them. Grin

guybrushthreepwood

legendary

Activity: 1232

Merit: 1195

Quote from: hilariousandco on April 05, 2014, 07:10:42 AM

Should be in alt coin section if it's not about Bitcoin.

Quote from: bryant.coleman on April 04, 2014, 11:45:05 PM

Right now, LTC is going at $11.15.

A total of 5,447 LTC were used for the purchase, that means $60,734.

But the purchase was done when the LTC was at $16.5. That means that the buyer avoided a loss of $30,000!

Just goes to show the risk involved with dealing in crypto. I wonder what The company did with them or whether they used some sort or payment processor?

The article says the were worth $90,000 and used a payment procesor called GoCoin.

hilariousandco

global moderator

Activity: 3990

Merit: 2717

Join the world-leading crypto sportsbook NOW!

Should be in alt coin section if it's not about Bitcoin.

Quote from: bryant.coleman on April 04, 2014, 11:45:05 PM

Right now, LTC is going at $11.15.

A total of 5,447 LTC were used for the purchase, that means $60,734.

But the purchase was done when the LTC was at $16.5. That means that the buyer avoided a loss of $30,000!

Just goes to show the risk involved with dealing in crypto. I wonder what The company did with them or whether they used some sort or payment processor?

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Right now, LTC is going at $11.15.

A total of 5,447 LTC were used for the purchase, that means $60,734.

But the purchase was done when the LTC was at $16.5. That means that the buyer avoided a loss of $30,000!

Topic: [2014-04-04] Over 5,000 Litecoins Used to Buy Tesla Model at Dealership (Read 1390 times)