Ninjastic
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Re: [ActiveMining] The Official Active Mining Discussion Thread
by
hazryder
on 26/07/2013, 17:20:48 UTC
Quote from: gwfhegel on July 26, 2013, 05:16:41 PM
Quote from: Pale Phoenix on July 26, 2013, 05:05:05 PM
Quote from: BitcoinForumator on July 26, 2013, 04:52:07 PM
Thinking of selling my LTC holding to increase ActM. LTC and Gox seem to go nowhere, ActM seems a better horse. Any good thoughts?

I've abandoned all hope that LTC will be traded on Gox in the medium term. They are dealing with seemingly insurmountable problems in their most basic operations, the receiving and paying out of customer funds. In the process they are bleeding market share and inflicting potentially permanent damage to their brand.

The price of LTC seems to have potential trading on GOX factored in, so I would expect it to fall significantly when it becomes clear that it's not going to happen anytime soon.

All of that said, investing in ActM is probably equally risky, but the upside certainly appears to be greater.

EDIT: Unless, of course, Soylent Creek is right about it reaching $10/LTC, but I just don't see it.
The price will probably begin to tank around July 30-31 as people realize it's not coming for a few more months, if at all.

I realized this a couple of weeks ago and moved my LTC holdings into ActM shares instead. Nearly 200% gained already whilst LTC is still floundering around at $2.6. Now if only Ken would hurry up and actually send me my shares I'd be golden Wink

My advice to anyone with LTC holdings is to move a decent amount of them into ActM ASAP as the chance of gox putting LTC support up within a couple of months is low to say the least.