Ninjastic
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Post
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Board Altcoin Discussion
Re: Litecoin on Mtgox
by
Vycid
on 27/05/2013, 08:43:06 UTC
Quote from: Bonz on May 23, 2013, 04:23:48 PM
Quote from: reb0rn21 on May 22, 2013, 10:57:21 PM
Quote from: Bonz on May 22, 2013, 04:01:07 PM
Quote from: nwbitcoin on May 04, 2013, 09:37:06 AM
Here is a tip, check out Bter.com - that is where the next growth is going to be, the Chinese market, and they not only support LTC, but FTC, FRC and PPC - the world keeps moving!

Bter is just a crypto to crypto exchange aren't they? as far as i understand there is no way to get pocket cash in or out... you have to use another exchange to do that part, i may be wrong but that is what i have noticed

as for LTC on gox I think it will be a very good and a very bad thing... when it hits gox the price will go up a bunch ($5-$6/ltc) but as soon as it does the LTC market will crash as since they announced it every LTC miner has been holding there stock.... there is going to be such a MASSIVE DUMP it will make the $259BTC crash look like Peanuts... I predict 3 months for it to recover back to $4 after the crash, but then we will see the the price climb.  the thing is we will never see the 1/4btc price until both have reached the end of there new coin creation

I do not agree at all, most miners i know dump the lot as soon as they mine it, most of them are burning cash for power, hw, ect... sure there will be a dump at MtGox but it will not cresh

when talking to any of the miners at btc-e most of them say they are selling for power cost and holding the rest many of them are holding 2000LTC or more just waiting for gox i myself am holding 500LTC

If that's true we might actually see a price DROP if LTC ends up on gox. I don't think there are a bunch of people sitting around going "oh boy oh boy I sure am gonna buy me some LTC as soon as it goes on gox!". They're just buying it now on btc-e.