It seems short-sighted to worry about profits now, instead think ahead to when they are worth a dollar or few dollars each. Maybe it will take a year or two, maybe not, maybe a lot depends on how long bitcoin takes to recover back to the $30-and-up it had a year ago, until that happens it seems cryptocoins in general are still suffering from last year's big "crash".
-MarkM-
Topic: z (Read 1645 times)
LTC is taking pretty hard hit, if this was done by deliberate manipulation, some one may try to cause a rapid loss in hashing power and then attempt 51%-attack.
But how does attacker gain/profit from this (except btcx)? Can you short large amount of LTC?
Keeping my fingers crossed
~~ What doesn't kill you, make you stronger ~~
But how does attacker gain/profit from this (except btcx)? Can you short large amount of LTC?
Keeping my fingers crossed
~~ What doesn't kill you, make you stronger ~~
I dumped quite a few coins, when the price fell. Some of my friends did as well. They bought the coins few moths ago for peanuts. Now converted to Bitcoins.
Few kids panicked and dumped as well I guess
No manipulation. The network is still going strong, +250k KH/s
Don't be so paranoid.
Unlike the operator of btc-e, when you don't have enough information, you start with all possible scenarios.
Network is still going strong for now, that's good, but if miners don't make money, I wonder how long they will stick.
LTC is taking pretty hard hit, if this was done by deliberate manipulation, some one may try to cause a rapid loss in hashing power and then attempt 51%-attack.
But how does attacker gain/profit from this (except btcx)? Can you short large amount of LTC?
Keeping my fingers crossed
~~ What doesn't kill you, make you stronger ~~
But how does attacker gain/profit from this (except btcx)? Can you short large amount of LTC?
Keeping my fingers crossed
~~ What doesn't kill you, make you stronger ~~
I dumped quite a few coins, when the price fell. Some of my friends did as well. They bought the coins few moths ago for peanuts. Now converted to Bitcoins.
Few kids panicked and dumped as well I guess
No manipulation. The network is still going strong, +250k KH/s
Don't be so paranoid.
LTC is taking pretty hard hit, if this was done by deliberate manipulation, some one may try to cause a rapid loss in hashing power and then attempt 51%-attack.
But how does attacker gain/profit from this (except btcx)? Can you short large amount of LTC?
Keeping my fingers crossed
~~ What doesn't kill you, make you stronger ~~
But how does attacker gain/profit from this (except btcx)? Can you short large amount of LTC?
Keeping my fingers crossed
~~ What doesn't kill you, make you stronger ~~
Total LTC in sell orders on BTC-E is 1.1 million+. I assume there's more in user balances so could possibly be one of their wallets.
I tend to agree with this..
I do not agree. BTC-e total LTC was floating around 200-300k for months.
And when I transferred hundreds of thousands of coins out of BTC-e, the balance of this wallet did not change at all.
Most likely, it's somebody's private wallet.
Around mid February, someone dumped 200k LTC at ~0.002BTC. Someone sent a similar amount to this address.
Litecoins were very cheap. It only took few thousand Bitcoins to get that many Litecoins.
Agree. You can see that a lot of the inputs end with 9999.99. These are typical withdrawals transactions from btc-e as they take a 0.01 fee for withdrawal. So this person bought a lot of litecoins for cheap. And they are holding on to them.
Yes, that's exactly how I was seeing it. Few more coins and they are holding 20% of the Litecoins. Whoever you are, well done! I hope one day it pays off nicely!
Total LTC in sell orders on BTC-E is 1.1 million+. I assume there's more in user balances so could possibly be one of their wallets.
I tend to agree with this..
I do not agree. BTC-e total LTC was floating around 200-300k for months.
And when I transferred hundreds of thousands of coins out of BTC-e, the balance of this wallet did not change at all.
Most likely, it's somebody's private wallet.
Around mid February, someone dumped 200k LTC at ~0.002BTC. Someone sent a similar amount to this address.
Litecoins were very cheap. It only took few thousand Bitcoins to get that many Litecoins.
Agree. You can see that a lot of the inputs end with 9999.99. These are typical withdrawals transactions from btc-e as they take a 0.01 fee for withdrawal. So this person bought a lot of litecoins for cheap. And they are holding on to them.
Total LTC in sell orders on BTC-E is 1.1 million+. I assume there's more in user balances so could possibly be one of their wallets.
I tend to agree with this..
I do not agree. BTC-e total LTC was floating around 200-300k for months.
And when I transferred hundreds of thousands of coins out of BTC-e, the balance of this wallet did not change at all.
Most likely, it's somebody's private wallet.
Around mid February, someone dumped 200k LTC at ~0.002BTC. Someone sent a similar amount to this address.
Litecoins were very cheap. It only took few thousand Bitcoins to get that many Litecoins.
Total LTC in sell orders on BTC-E is 1.1 million+. I assume there's more in user balances so could possibly be one of their wallets.
I tend to agree with this..
Coblee's secret CPF for LiteCoin? 
Not being serious.
Not being serious.
If it is a CPF...then how is it secret? LOL!
Coblee's secret CPF for LiteCoin?
Not being serious.
Not being serious.
Could be btc-e's wallet.
Coblee's secret CPF for LiteCoin?
Not being serious.
Not being serious.
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