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Old 12-12-2017, 07:37 AM
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Crypto-currency - Bitcoin / Litecoin

Anyone following this? Bitcoin over the last 6-7 years has been a really interesting story and it seems like this currency is here to stay. Now Litecoin is taking off just coming out of it's infancy. It has been pretty flat up until last week it went from $90.00 / LTC to this morning 300+. Projections are that it will mimic bitcoin but at 1/4 of the value. Bitcoin is currently just under 17,000 / BTC. Interesting to follow for sure. I've bought a couple of litecoins on the Coinbase exchange.
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Old 12-12-2017, 08:33 AM
agarabaghi agarabaghi is offline
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use to mine them several years ago. Still mind blowing. I got out when they peaked at 1200USD. Crazy to see it at 17000.

LTC was around when BTC came out it just never took off like BTC but its one of the ALT coins that is here to stick around. ETH is another one.
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Old 12-12-2017, 09:02 AM
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I have been playing with it over the last couple weeks.

If you have the stomach for it. You can make some big money pretty fast. If you dumped $100k in 2 weeks ago. You'd be sitting on about $150-160K today.
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Old 12-12-2017, 09:04 AM
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Just in the last hour and a half litecoin has risen 70.00 per coin...
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Old 12-12-2017, 09:07 AM
curver900 curver900 is offline
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like gambling Vegas was built on losers not winners...
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Old 12-12-2017, 09:16 AM
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The stuff is extremely volatile.
The Market never closes, it runs 24/7 globally
Rumors and Social Media have big impacts on it (mostly the alt coins)
Just as fast as it goes up it will come crashing back down (in the same day)
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Old 12-12-2017, 09:31 AM
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Quote:
Originally Posted by curver900 View Post
like gambling Vegas was built on losers not winners...
I'm not really sure that fits here. It is a gamble, but it's more like a stock market gamble not a betting against the house/company gamble. Your buying and trading is all done basically between individuals and whatever website you use just gets a % of each trade/transaction.

The money maker part for businesses is "mining" the coins and if the coins are "A.S.I.C." resistant.
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Old 12-12-2017, 09:56 AM
agarabaghi agarabaghi is offline
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with btc being able to be shorted and futures now it s going to be interesting and there are individuals with enough btc to short the market then sell off ... will be interesting
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Old 12-12-2017, 09:57 AM
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I do believe BTC is going to be traded on the NYSE here pretty soon?
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Old 12-12-2017, 10:00 AM
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That will level out the extreme up and down of BTC.
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