Topic: Ohhh My Gox. It’s Litecoin around the corner (Read 773 times)
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
Facepalm, gox down again.
http://www.bitanalyst.com/ohhh-my-gox-its-litecoin-around-the-corner/
...For the past week, as everyone was waiting patiently for the event, Litecoin traded at roughly 0.024 BTC. Trading was slow, dull, with no real appeal and no big deals or collection of Litecoins as one would expect. Continued difficulties and events at Mt.Gox only brought disbelief in Mt.Gox as a leading platform, and its acceptance of Litecoin into its trading.
Yet today, something changed.
It started with a huge order of 100,000 Litecoins! which at the time was equivalent to 2,222 BTC. This represented an order in the magnitude of $250,000 and to put things in perspective – that is equivalent to ~0.6% of all Litecoins currently in circulation (~17 million) ...
...For the past week, as everyone was waiting patiently for the event, Litecoin traded at roughly 0.024 BTC. Trading was slow, dull, with no real appeal and no big deals or collection of Litecoins as one would expect. Continued difficulties and events at Mt.Gox only brought disbelief in Mt.Gox as a leading platform, and its acceptance of Litecoin into its trading.
Yet today, something changed.
It started with a huge order of 100,000 Litecoins! which at the time was equivalent to 2,222 BTC. This represented an order in the magnitude of $250,000 and to put things in perspective – that is equivalent to ~0.6% of all Litecoins currently in circulation (~17 million) ...
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