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The Litecoin Thread

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    #332
    Tinder Surprise
    Registered Users Posts: 1,462 ✭✭✭Tinder Surprise


    -50% in 10 days.

    These markets are wacko :eek: ... has there ever been an opportunity on any other markets like the past 3 weeks like we've seen on the cryptocurrency?

    I would say there is a lot of people gonna having some Christmas this year.


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    #333
    dan786
    Registered Users Posts: 3,307 ✭✭✭dan786


    My major investment is in Litecoin. Good to see it recovering again, seen it hour back at 150 and now hitting 205.


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    #334
    GreeBo
    Registered Users Posts: 27,057 ✭✭✭✭GreeBo


    dan786 wrote: »
    My major investment is in Litecoin. Good to see it recovering again, seen it hour back at 150 and now hitting 200.

    its been 240, 125 and now 190 all within the last 24 hours.

    I've been stupidly trying to catch it and made a complete bags of it.:(:o


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    #335
    Autochange
    Banned (with Prison Access) Posts: 1,648 ✭✭✭Autochange


    Trying to buy LTC on coinbase while its low. Site had temporarily disabled purchases. It's a joke.


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    #336
    Tinder Surprise
    Registered Users Posts: 1,462 ✭✭✭Tinder Surprise


    Autochange wrote: »
    Trying to buy LTC on coinbase while its low. Site had temporarily disabled purchases. It's a joke.

    I concur.


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    #337
    ldy4mxonucwsq6
    Closed Accounts Posts: 1,537 ✭✭✭ldy4mxonucwsq6


    Autochange wrote: »
    Trying to buy LTC on coinbase while its low. Site had temporarily disabled purchases. It's a joke.

    Same here, looks like it's disabled for BTC and ETH too 😑 was hoping to get a bit more Litecoin while its dropped 🙄


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    #338
    Autochange
    Banned (with Prison Access) Posts: 1,648 ✭✭✭Autochange


    Can anyone speculate as to why they would do this?


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    #339
    EagererBeaver
    Registered Users Posts: 6,414 ✭✭✭EagererBeaver


    Autochange wrote: »
    Can anyone speculate as to why they would do this?
    Massive liquidity problems. Fraud. Insufficient infrastructure.

    Nah, kidding on all but the last one. They can't handle the recent surge in traffic. It is, unfortunately, a consequence of trying to play in an unregulated market such as crypto. Rewards can be great but so is the risk.


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    #340
    ldy4mxonucwsq6
    Closed Accounts Posts: 1,537 ✭✭✭ldy4mxonucwsq6


    Just managed to buy some more Litecoin on Coinbase so seems to be intermittent.


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    #341
    SlowBlowin
    Registered Users Posts: 1,884 ✭✭✭SlowBlowin


    Cant get back in... what a time for GDAX to be down..

    SB


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    #342
    GreeBo
    Registered Users Posts: 27,057 ✭✭✭✭GreeBo


    Dammit.
    Really annoyed with myself.
    Wasted about 4k today trying to catch the falling knife coupled with FOMO.

    Could have made double that by just selling at 240 and buying at 130...but oh no, I added in 5 more trades in the middle that eroded thousands and 15+ coins.

    Gob****e. :(


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    #343
    SteelyDanJalapeno
    Registered Users Posts: 14,240 ✭✭✭✭SteelyDanJalapeno


    GreeBo wrote: »
    Dammit.
    Really annoyed with myself.
    Wasted about 4k today trying to catch the falling knife coupled with FOMO.

    Could have made double that by just selling at 240 and buying at 130...but oh no, I added in 5 more trades in the middle that eroded thousands and 15+ coins.

    Gob****e. :(


    Don't dwell on it, "Could have made double that by just selling at 240 and buying at 130."

    If it was that easy we'd all be at it


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    #344
    Autochange
    Banned (with Prison Access) Posts: 1,648 ✭✭✭Autochange


    All cryptos booming again. Happy Christmas. 2018 going to be big for litecoin


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    #345
    EagererBeaver
    Registered Users Posts: 6,414 ✭✭✭EagererBeaver


    Had been stable for the last day or so so I bought a bit more. Of course it took a big **** this evening.


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    #346
    Truckermal
    Registered Users Posts: 6,048 ✭✭✭Truckermal


    EagererBeaver wrote: »
    Had been stable for the last day or so so I bought a bit more. Of course it took a big **** this evening.

    Yep and still falling!


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    #347
    Dohnjoe
    Registered Users Posts: 17,787 ✭✭✭✭Dohnjoe


    Just a note for any newcomers; been holding litecoins for years, the market is unpredictable, we could easily expect more drops (watched it gradually drop 80% over years) However these drops were dwarfed by the takeoffs earlier this year and recently end of Nov, first half Dec.

    Coins can go any direction, but when these gains hit they can be enormous. Essentially people who bought in the March-April rise took huge gains in the December rise. Anyone who has bought in December is waiting for the next rise.. it could happen in 2 weeks, it could happen in 2 years (or it could never happen). In any case, the key is always patience.


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    #348
    sunrainmooncl
    Banned (with Prison Access) Posts: 72 ✭✭sunrainmooncl


    This thread was started mid October when the price was around 50/60 euro and not moving for months. It's now 200 euro.


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    #349
    Autochange
    Banned (with Prison Access) Posts: 1,648 ✭✭✭Autochange


    sunrainmooncl wrote: »
    This thread was started mid October when the price was around 50/60 euro and not moving for months. It's now 200 euro.

    It will be back to 60 euro.


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    #350
    garrettod
    Registered Users Posts: 2,420 ✭✭✭garrettod


    Dohnjoe wrote:
    ....Coins can go any direction, but when these gains hit they can be enormous...... it could happen in 2 weeks, it could happen in 2 years (or it could never happen). In any case, the key is always patience.

    ... or don't put your money into the cryptos :)

    Is it a better gamble than doing the Lotto, I've not worked out the odds but I'd imagine so, but it's still gambling :)

    Thanks,

    G.



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    #351
    Dohnjoe
    Registered Users Posts: 17,787 ✭✭✭✭Dohnjoe


    garrettod wrote: »
    ... or don't put your money into the cryptos :)

    Is it a better gamble than doing the Lotto, I've not worked out the odds but I'd imagine so, but it's still gambling :)

    Anyone who has bought and held Bitcoins at any time in the last 7 years up until the middle of this month has made gains.

    Likewise the average weekly lotto player would have made less on aggregate than someone regularly putting the same amount into cryptos over that period

    Yeah they are both gambles. However one is a total gamble, whereas the other is far more calculated, with historical data and evidence influencing current patterns and gains


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    #352
    McCrack
    Registered Users Posts: 2,968 ✭✭✭McCrack


    Prices/values should always be quoted in USD


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    #353
    Selik
    Registered Users Posts: 1,678 ✭✭✭Selik


    100% and I have brought this up before in the bitcoin thread. Quoting in anything other than USD only creates confusion and if you are on trading in that basis also it won't end well as all of the big buy/sell orders will be at the big round numbers and the points of support/resistance will be at USD prices. Same reason the likes oil/gold et c are only ever quoted in USD also.

    This forum is the only place I have ever seen bitcoin or any cryptocurrencies discussed in terms of EUR.


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    #354
    SureYWouldntYa
    Registered Users Posts: 7,724 ✭✭✭SureYWouldntYa


    Selik wrote: »
    This forum is the only place I have ever seen bitcoin or any cryptocurrencies discussed in terms of EUR.

    An Irish forum where the currency is Euro? Mad isn't it

    I think using either of the symbols or EUR/USD isn't an awful effort for anyone


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    #355
    EagererBeaver
    Registered Users Posts: 6,414 ✭✭✭EagererBeaver


    SureYWouldntYa wrote: »
    An Irish forum where the currency is Euro? Mad isn't it

    I think using either of the symbols or EUR/USD isn't an awful effort for anyone

    You've missed the point entirely.


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    #356
    SureYWouldntYa
    Registered Users Posts: 7,724 ✭✭✭SureYWouldntYa


    EagererBeaver wrote: »
    You've missed the point entirely.

    I know what he meant in that the vast majority of the market trade from USD and most of the major price points and price walls are only relevant in USD, fact is that most people will look at any potential gains or losses in what's really relevant to us in Euro so I don't see the harm so long as it's labelled correctly


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    #357
    EagererBeaver
    Registered Users Posts: 6,414 ✭✭✭EagererBeaver


    SureYWouldntYa wrote: »
    I know what he meant in that the vast majority of the market trade from USD and most of the major price points and price walls are only relevant in USD, fact is that most people will look at any potential gains or losses in what's really relevant to us in Euro so I don't see the harm so long as it's labelled correctly

    But who is talking about gains or losses? None of us care whether Person Y made 500 euro or lost 250 yesterday.

    The mutual interest of all of us is how the market moves and that means, for most coins, looking at it in dollar terms.


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    #358
    SureYWouldntYa
    Registered Users Posts: 7,724 ✭✭✭SureYWouldntYa


    EagererBeaver wrote: »
    But who is talking about gains or losses? None of us care whether Person Y made 500 euro or lost 250 yesterday.

    The mutual interest of all of us is how the market moves and that means, for most coins, looking at it in dollar terms.

    Because that's what the market is? The price means either you gain or you lose

    The price of BTC matters, do people say that Ripple is now worth 0.00009 BTC? So long as you're figuring out the price that matters to you it's all the same


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    #359
    EagererBeaver
    Registered Users Posts: 6,414 ✭✭✭EagererBeaver


    SureYWouldntYa wrote: »
    Because that's what the market is? The price means either you gain or you lose

    The price of BTC matters, do people say that Ripple is now worth 0.00009 BTC? So long as you're figuring out the price that matters to you it's all the same

    The vast majority of trading, and therefore the buy and sell orders that can shift the price around so dramatically, are in USD. The big swinging mickey buy/sell walls are at major dollar milestones, not euro ones.


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    #360
    Dohnjoe
    Registered Users Posts: 17,787 ✭✭✭✭Dohnjoe


    EagererBeaver wrote: »
    The vast majority of trading, and therefore the buy and sell orders that can shift the price around so dramatically, are in USD. The big swinging mickey buy/sell walls are at major dollar milestones, not euro ones.

    Big Swinging Dicks - Micheal Lewis at Salomon bros ;)


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    #361
    sunrainmooncl
    Banned (with Prison Access) Posts: 72 ✭✭sunrainmooncl


    Let me know if you need help finding the € symbol :D


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