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I'd consider buying some more at around $380-$400. All my rigs are off at the moment. BTC is bringing all alts down hard, even the non-scrypt coins.
only one kind of holding is LTC the rest are somewhat down to crazy down
I wouldn't touch LTC with a ten foot pole right now. It's been as low as 0.021 recently. If BTC breaks $400 the dump on LTC is going to look far worse than the one on BTC as I would expect LTC to be sent back down into the single digits.
I wouldn't touch LTC with a ten foot pole right now. It's been as low as 0.021 recently. If BTC breaks $400 the dump on LTC is going to look far worse than the one on BTC as I would expect LTC to be sent back down into the single digits.
That's funny, LTC seems to be holding pretty well.
I'm loving that LTC/BTC ratio right now. 0.02837 (as of the current time I write this). I might sell my LTC and buy back should it decide to go south as well, but there have been indications in past weeks that LTC might be starting to wander on its own without being always leashed to BTC.
In fact, the charts for LTC and BTC look completely different right now. Maybe BTC folk are realizing that LTC could be a viable fallback now while BTC stabilizes/recovers/whatever.
Yes, LTC/BTC was locked pretty tight for a long time, but lately it has done some funny thing, like around the Huobi launch for example.
Panic selling is insane.
It's sad looking at BTC-e right now, it's prolly going under 400 tonight.
Go head,panic. More Crypto for me, cheaper and lowers the difficulty.
I wake up to find BTC-E / CB over $420.
Outstanding.
Just like everyone found out that no, you don't need Gox to to exchange bitcoins...now it's no, we don't need China either.
China is governed by a Communist government. Communism is centralized heaven, remember? It was a naive pipedream to ever have thought that Bitcoin would have been allowed to run about with impunity. It's no wonder that Russia also hates Bitcoin!
Carbon,
Speculating is not investing. The cold, hard reality is that there never was an "investment" opportunity in China, or in Russia, or in any other anti-free market society where a government wields totalitarian capital control.
I seriously doubt we will see $700 or $800 BTC again without them.
I don't think you know enough about China to make this claim. There are people who invested heavily on Bitcoin in China and now super rich. First they designed ASIC in China, build them in China, farm with it, then sell it globally as a product. We are talking about profit in millions in under 3 years.Carbon,
Speculating is not investing. The cold, hard reality is that there never was an "investment" opportunity in China, or in Russia, or in any other anti-free market society where a government wields totalitarian capital control.
I am serious, but that doesn't mean I know what I am talking about.Dude, you can't be serious.
Sorry it had to be done
I welcome the people turning off their rigs.