Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
|
Nows the time to buy  LTC is still in relativly early stages, theres alot of talk about being used in shops and all sorts which make me think it may take off. The developer is also public, unlike bitcoin, which will help in the long run.
Adult GiftsClick here to vist us
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
To make anything from LTC short term you need loads of money and good timing. With just a couple, you'll never make much anyway, and it's the long game.
|
Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
|
Seen a shop selling stuff for BTC and LTC,
Xbox One was 0.5btc
|
VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
|
tried some LTC shares earlier only bought 20 contracts, but made 22 profit in a few hours, its a good share as the price changes so dramatically throughout the day if you have balls you'll make some good cash!
|
Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
|
Jumped a fair bit now. Should have bought some earlier! 
|
Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
|
quote:
Originally posted by A2H GO
Agreed. the people in the big money are already on the next thing thats not being discussed on forums (the same big thing Paul_J will be talking about in 6 months time).
Agreed I may be 6 months late, but it's likely I'll be years before these guys - they only hear about things when they are already mainstream. I've got a fairly good finger on the pulse of tech because I work in tech, go to tech events / tech talks, read many tech sites and forums and personally know a lot of people in the same domain.
I wouldn't be surprised if I had come on here years ago talking about bitcoin when it was pence I'd have been laughed away because I would be 'too ahead of the curve' these days I rarely waste my breath on here.
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
What a lot of bollocks, people on here at least as ahead of the curve as you.
|
Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
|
What a surprise. Paul J thinking he's better than everyone else.
|
VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
|
BTC has dropped quite a bit!!
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
It goes up and down constantly.
|
VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
|
quote:
Originally posted by John
It goes up and down constantly.
$200 is a hefty drop
|
Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
|
Who wants to buy some shares in a 600gh/s bitcoin mining rig, at $5000
Would mine around $500 a day in bit coins at current rates
:/
My current thinking though, is that bitcoins are not really the future for general use. The value is far to high per coin, and trading in 0.001 coins for a 1$ item just isn't going to happen.
But, for the underworld, bitcoins are defo the future!
Adult GiftsClick here to vist us
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
Get Paul_J to tell you what's the next big thing for 6 months down the line that you don't know about and invest all your money there instead.
|
Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
|
quote:
Originally posted by Dan
My current thinking though, is that bitcoins are not really the future for general use. The value is far to high per coin, and trading in 0.001 coins for a 1$ item just isn't going to happen.
But, for the underworld, bitcoins are defo the future!
Bitcoins will be the gold of crypto currency with the others based on the back of that
|
Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
|
Yea, quite possible. Ive read that in a few reports.
They say ltc will be the silver.
Adult GiftsClick here to vist us
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
Despite the comparisons with precious metals, I don't think it's a good one.
Unless a new supply of gold is found or another substance to take it's place, the value is always there.
Bitcoin, litecoin, normal currency, could be worthless tomorrow. Moreso with brand new crypto currencies.
Although linked at the moment, BTC and LTC prices don't necessarily require that link.
|
Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
|
Why would the value disappear tho? They are getting harder and more expensive to mine, There will become a point where the difficulty is so high, that mining them will be near impossible, or too expensive.
I cant understand why they are so unstable at the moment. From a swing trading style, they are perfect
Adult GiftsClick here to vist us
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
If everybody tries to sell them, they are worthless. The same thing can happen with real money, it just doesn't without some massive world event.
|
VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
|
Just been reading the reason it has dropped is the main exchanged got DDOS'd today which dropped the price so much
|
Gary
Premium Member
Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline
|
quote:
Originally posted by Dan
Yea, quite possible. Ive read that in a few reports.
They say ltc will be the silver.
Hopefully.
Only by luck really. The others now won't get a look in as everyone will be concentrating on the top dogs imo.
|
Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
|
If everyone sells, them, surely theres has to be everyone buying too??
That's interesting vrs. Hopefully see a huge rise from china tonight then
Id be sticking a buy order on plus 500 for when market resets
Adult GiftsClick here to vist us
|
VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
|
quote:
Originally posted by Dan
If everyone sells, them, surely theres has to be everyone buying too??
That's interesting vrs. Hopefully see a huge rise from china tonight then
Id be sticking a buy order on plus 500 for when market resets
its rising slowing now. Plus500 use MTgox
|
AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
|
They're unstable because people are literally banking on the value going up, and shitting themselves when it swings the opposite way.
I suspect there loads of people making small gains trading but at some point the whole thing will collapse for the scale issue posted above.
Same with litecoin - its value is purely based on the fact it works similar to bitcoin, but its cheaper for normos to get involved in.
|
VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
|
LTC seems to be best buying around 29.5ish then selling at 31ish as it seems to do that daily at the moment
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
quote:
Originally posted by Dan
If everyone sells, them, surely theres has to be everyone buying too??
What happens is that if everyone wants to sell and no-one wants to buy anymore, they aren't worth anything.
As Andy, says, they are only worth so much just now because everyone is keeping them. The mining aspect is kind of separate to that, although that's obviously a big industry of its own.
|
