Mt.Gox price manipulation again?
Topic: Litecoin is pissing me off. (Read 1282 times)
The mini bubble popped and its dropping again, but hopefully wont drop to where it was a couple weeks ago. That was painful.
If Litecoin is Silver to Bitcoins Gold, then we're looking at a price difference like Silver and Gold:
Gold: $1,300
Silver: $22
And if Litecoin is Silver to Bitcoins Gold then:
BTC: $219
LTC: $3.71
So if anything, Litecoin just went through a price correction upwards.
Based on absolutely zero evidence that it's "Silver" in this scenario
If Litecoin is Silver to Bitcoins Gold, then we're looking at a price difference like Silver and Gold:
Gold: $1,300
Silver: $22
And if Litecoin is Silver to Bitcoins Gold then:
BTC: $219
LTC: $3.71
So if anything, Litecoin just went through a price correction upwards.
Based on absolutely zero evidence that it's "Silver" in this scenario
Bitcoin is not gold and Litecoin is not silver.
This Litecoin silver to Bitcoin gold nonsense is just a marketing ploy.
pa·tience
[pey-shuhns]
1.
the quality of being patient, as the bearing of provocation, annoyance, misfortune, or pain, without complaint, loss of temper, irritation, or the like.
2.
an ability or willingness to suppress restlessness or annoyance when confronted with delay: to have patience with a slow learner.
3.
quiet, steady perseverance; even-tempered care; diligence: to work with patience.
4.
( Cards chiefly British ) solitaire ( def 1 ) .
5.
Also called patience dock. a European dock, Rumex patientia, of the buckwheat family, whose leaves are often used as a vegetable.
[pey-shuhns]
1.
the quality of being patient, as the bearing of provocation, annoyance, misfortune, or pain, without complaint, loss of temper, irritation, or the like.
2.
an ability or willingness to suppress restlessness or annoyance when confronted with delay: to have patience with a slow learner.
3.
quiet, steady perseverance; even-tempered care; diligence: to work with patience.
4.
( Cards chiefly British ) solitaire ( def 1 ) .
5.
Also called patience dock. a European dock, Rumex patientia, of the buckwheat family, whose leaves are often used as a vegetable.
I think you're making too much of an apples and oranges comparison, it might be more accurately stated: Bitcoin is the Holy Lance of Saint Longinus while Litecoin is Jesus' surfboard.
If Litecoin is Silver to Bitcoins Gold, then we're looking at a price difference like Silver and Gold:
Lol what the hell does the silver and gold price ratio have to do with two crypto coins. Too much time in BTC-e trollbox. Price is supply & demand. I wonder if hundreds of years ago a guy once said "Well if Silver is Potato to Gold's Cattle then we're looking at a price difference like Potatoes and Cattle."
Conclusion: they didn't.
The mini bubble popped and its dropping again, but hopefully wont drop to where it was a couple weeks ago. That was painful.
If Litecoin is Silver to Bitcoins Gold, then we're looking at a price difference like Silver and Gold:
Gold: $1,300
Silver: $22
And if Litecoin is Silver to Bitcoins Gold then:
BTC: $219
LTC: $3.71
So if anything, Litecoin just went through a price correction upwards.
Based on absolutely zero evidence that it's "Silver" in this scenario
If Litecoin is Silver to Bitcoins Gold, then we're looking at a price difference like Silver and Gold:
Gold: $1,300
Silver: $22
And if Litecoin is Silver to Bitcoins Gold then:
BTC: $219
LTC: $3.71
So if anything, Litecoin just went through a price correction upwards.
Based on absolutely zero evidence that it's "Silver" in this scenario
There's no reason to be mad if you made a few thousand dollars by the fluctuations of the Litecoin indeed 
If you compare the graphs of a few reasonable coins suchs as Bitcoin and Litecoin you see that they always (untill now) recover from those fluctuations. I like it
If you compare the graphs of a few reasonable coins suchs as Bitcoin and Litecoin you see that they always (untill now) recover from those fluctuations. I like it
Okay Im no longer pissed at Litecoin.
And yes, my original post was tongue in cheek.
I wasn't mad that i wasn't getting rich.
I was mad that the value had tanked nearly 50% .... guess you guys hadn't been following it.
However now It has gone up 40% and I've made a few thousand dollars.
So I am no longer mad.
And yes, my original post was tongue in cheek.
I wasn't mad that i wasn't getting rich.
I was mad that the value had tanked nearly 50% .... guess you guys hadn't been following it.
However now It has gone up 40% and I've made a few thousand dollars.
So I am no longer mad.
That's pretty much all I have to say.
PS: I see some mention of Gox finally having "Midas" in place ... and that supposedly "Midas" will "enable" them to carry other currencies. Obviously that would include Litecoin.
Any idea when Midas is going live?
PS: I see some mention of Gox finally having "Midas" in place ... and that supposedly "Midas" will "enable" them to carry other currencies. Obviously that would include Litecoin.
Any idea when Midas is going live?
Your pissed because your not rich yet?
Nobody cares about MtGox anymore. Deal with it.
Do you think the Litecoin dev team can control if MtGox adds it or not?
Litecoin != litecoin dev team.
Probably just mad that favorite clone X is not performing as well as btc...What is with all these people.
They just blindly waltz in here thinking crypto = 100000x profit and then get massively butthurt when that doesn't happen.
Do you think the Litecoin dev team can control if MtGox adds it or not?
Litecoin != litecoin dev team.
Probably just mad that favorite clone X is not performing as well as btc... 
So why is Litecoin pissing you off?
Do you think the Litecoin dev team can control if MtGox adds it or not?
~BCX~
That's pretty much all I have to say.
PS: I see some mention of Gox finally having "Midas" in place ... and that supposedly "Midas" will "enable" them to carry other currencies. Obviously that would include Litecoin.
Any idea when Midas is going live?
PS: I see some mention of Gox finally having "Midas" in place ... and that supposedly "Midas" will "enable" them to carry other currencies. Obviously that would include Litecoin.
Any idea when Midas is going live?
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