Topic: Mark Karpeles Mtgox owner about to announce something, LTC? (Read 3290 times)

The other side is the mass amount of buyers Gox has. Even if there are large dumps they will eat it up. They will look at how many LTC they can buy for one BTC. The world is ADHD and likes big numbers. Suddenly you don't have 10btc you brag you have 500LTC. Then you brag to your friends. NONE of them understand the first thing about cyrpto but hey now they are even Cooler. OHH you have btc.... PFFFFT well I have LTC kinda crap. I firmly think that human nature as it is right now will make those of us that hold and mine for LTC do ok 

I share a part of your vision there, to be honest it is a question of when LTC will be there, allot of people thinks that when LTC hits Gox that the price will go to 10-15$ well I do not share this point with them, the audience will be newly introduced to LTC, so there wont be that much of buyers as sellers, a huge dump will happen, but anyway I am here for the long run, so these prices doesn't bothers that much 

What can I say? I'm a necromantic kind of guy :p Good old Google ranks your post highly for "Mt Gox announcement"

To add my view to this thread which I missed first time round anyway:

I ditched Gox during during the bad news period, kept most of my coins in cold storage and left just play money on BTCe for day trades. Now, Gox can have my business back when they can handle the volume and take a look at their commision fee. LTC would be a bonus and it has a stabilising effect on BTC, just look at BTCe: LTC and FTC along with a 0.2% fee act as counterweights stopping BTC from doing some of the crazy things it does on Gox.

I'm not happy with BTCe though, I really do not trust it 100% though perversely it is much more robust than Gox. The whole trollbox thing, though blockable lends the site an air of immaturity, not so much an exchange as a god-damn rowdy schoolroom.

Clearly, if and when LTC floats on Gox, the long-term effect will be that it will be seen as a legitimate altcoin, presented to a much wider audience (Wired UK's Litecoin article yesterday already seemed to bump the price a little). The price may and probably will do some crazy things in the first day or so but will soon act as a nice hedge against BTC's wilder excesses without needing to cash back out to fiat every time there's a BTC plunge.

I like LTC, it clearly has its advantages over BTC especially in a retail context. The price seems to have bottomed out recently and is looking like a great buy especially with BTC being so flat as ASIC miner dumping continues.

So, hopefully the next announcement will be more than announcing an announcement!

Precisely that's why I'm waiting for the 2.0 exchanges to come out. Buttercoin?

If things are centralized it is either because:
- it is the only solution.
- it is the best solution.


Last time I checked, there were several bitcoins exchanges.

I hope Mark Karpeles and MTGox will get off their high horse soon enough. MTGox is a ticking time bomb and once the exchanges decentralize away from MTGox, with newer and better exchanges, MTGox will become irrelevant. I hope that will teach them a lesson for being so wishy washy to their customers.

you've brought this topic to life again, I have a feeling that LTC wont go there before the new client release (0.8.2).

'A few' would suggest at least both of those, hopefully.

What all do you need to simply trade on Mt. Gox?  Can I send my LTC there via wallet, similar to BTC-e and other exchanges?  Do I need to scan in my photo ID, etc?

Pretty good one at that too.

This is the theory, isnt it.

and it is online again

yes it is down for me too

I've said this before, but here it is again: Litecoin is really only utilized by a small segment of nerds who are a sub-set of a slightly less small segment of nerds, though the latter is briskly growing to include average investors as articles about Bitcoin begin to saturate mainstream media. Most everybody who knows anything about Bitcoin, even the casual reader of mainstream publications, is aware of MtGox. BTC-E on the other hand -- what's that? When MtGox makes an official announcement of Litecoin and/or Namecoin support, it's going to open up the floodgates and expose a whole new segment of people to the chains and, in theory anyway, bring in a TON of new money. People are going to want to diversify their eCurrency holdings beyond just Bitcoin and MtGox is going to enable them to do that by offering viable alternatives.

its btc-e offline?

LTC going on mtgox is good for LTC long term because it will allow a legit payment processor to work with LTC. This will cause a tidal wave of LTC vendor acceptance. People are going to get burned badly when they see the price of ltc double on mtgox and panic dump, because the price is going to more than double once we enter mtgox territory, it will be a whole new ballgame.

we do not share the same experience here 

not so bad to on btc-e for me lol

throw in bunch of btc sell high buy low and extra usd 

Because ltc rate dropped I haven't hope for some ltc-gox related news. Opposite btc prize rise now and expect some light improvement their btc market, start new trading engine soon or similar.

hint: Buy on rumor, sell on news!

  allot of people with fiat yes, do you know how hard it is to buy LTC @ BTC-e,the easiest way is to first deposit fiat to Mtgox or bitstamp or "put an exchange here" than buy Bitcoins then deposit Bitcoins to BTC-e than buy LTC, then they charge you 0.5 LTC for withdrawals and not to talk about the fees.

  I see that they did add the option for wire transfer and SEPA transfers but i never tried them and i am not willing to, and you know when you withdraw fiat with paypal, you pay a load of fees and than a random guy send you a payment !!!!!
  Mtgox is a wide company, ok we all know that they sucked with their trading engine but we all hope that this will be also fixed with this new trading engine that will announce