from April the base Litecoin Bleutrade market will be removed....
Unprofitable?
does anyone know the real reason?
omg.price will dump again
i dont know reason but we must find new exchange, maybe yobit open LTC market
Bleutrade Litecoin base market removed
Bleutrade has removed today all Litecoin-based markets. It's strange, they have left a Dogecoin-based market which is definitely less liquid than Litecoin-based one and thus less profitable for them. The MOON-LTC market on Bleutrade was certainly one of the most active LTC markets ever.
The interesting and important question now is:
do we need all these LTC- or DOGE-based Mooncoin markets at all?We all know that Mooncoin is a very underestimated coin, it's time-tested, well-known, with a great name and history, with many holders, it's investors-friendly with no forks nor changes of rules ever, with a limited supply and no premine, and now is innovative,
so definitely the price of 1 Satoshi which is a 1/30 or even 1/100 of Mooncoin ATH (all time high) should be the smallest possible one if we mean a fair market price.
But when we have LTC markets, miners or dumpers dump a price permanently, and investors have been focusing on BTC markets only, Mooncoin has an unfair price under 1 Satoshi and due to that MOON attracts no attention from investors despite its great features. It is now in the hands of small speculators who just want to get a profit of 5-10 or maybe 50-100 LTC, buy Mooncoin, sell it, dump, buy again...
Now imagine that we have no MOON/LTC markets at all, but we have MOON/BTC markets only.
Miners can sell for 0.00000001 BTC and not lower, speculators/dumpers, or receivers of funds, frozen at Cryptsy, cannot sell it lower either.
If you are a long term investor, you're OK with that. You just hold and wait.
Did you remember how that was in 2014 at Coinex.pw? No bids at all, and only many asks at 1 Satoshi for MOON, it had been so for some time, and then MOON had started rising 1, 2, 3, 4, 5.... 30 Satoshi and thousands of BTC had been traded for MOON.
And if you look at recent market history (for March, 25, 2016)
https://bleutrade.com/exchange/MOON/BTC, someone has bought Mooncoins at 1 Satoshi (>0.5 BTC a volume).
It looks like MOON will have buyers even if there are no LTC markets at all, especially if Poloniex adds MOON.
We all have to decide what we prefer: to see MOON in the hands of small speculators at Litecoin-based markets, or to risk and jump to a BTC-based market with no bids temporarily, but with a great potential over long term.