The Litepresence Report on Cryptocurrency

Suzu said:
Y'all should thank your lucky stars that I don't have any money to play with because if I did buy in, the price would immediately drop to about $200 and stay there for at least a year!
Click to expand...

Same here Suzu ... I am a btc curse.
 
Dianne said:
So in layman's language .... when are you going to be comfortable to buy?
Click to expand...

$495.38 or thereabouts, still a few weeks off. First a continued move up through $700 to $725? as we are seeing on BTC-e right now and then a continuation down.
 
Paladin69 said:
Suspect LTC & NMC follow the same trend down?
Click to expand...

Most definitely. I suspect all the Top 10 Alts will follow BTC down. DOGE seems to be resisting at the moment, and perhaps given possible outcomes based around events of the next two weeks (as indicated in previous posts), it may continue with an uptrend. Certainly over at Multipool.us 99.999% of the miners are still mining the DOGE (OK, thats an exageration, its actually 97.123%). However, while BTC is going down I suspect the majority of the Altcoins will follow suit and even for the DOGE, unless there is a mass awakening, its rise from here through the end of Feb will be subdued.

Certainly there will be daily specials along the way like Unobtanium right now, but unless you know the coin well and the comings and goings, or are very lucky, its hard to know just when to play these.

Of course when the recovery begins from BTC's $500 low or $484 low or $525 low or whichever it is, LTC will follow suit. And LTC will have its own quirky up moves from time to time as well in March, April, May as it likes to do. Darned if I can figure out when and why those happen, still trying to understand it.

NMC on the other hand, while being the oldest Altcoin, if we look at the period from July 2013 until November 2013, it saw an extended downtrend. Another observation about NMC from the past is that when BTC spiked, NMC typically always spiked first a few days beforehand, which is handy to observe because it could be an excellent play come mid-July 14 and then exit late July to BTC which should be spiking a few days later and then exit that as well and await the huge price drop ($8K -> $3.5K???).

The problem NMC has now is there are other Altcoins contending for a spot on the Top 10 List. Firstly, Worldcoin (WDC) is all but gone now. Quarkcoin (QRK) should be gone but the fact that its totally mined out keeps it there and until it hits $0.03 and/or lower it so shall remain. So the point being is NMC now finds competition from a number of different coins (DOGE for one, but watch Vertcoin and another little Gem I won't mention just yet) whereas it didn't have this competition in the past. It (NMC) would have to hit a price of $1.00 to be relegated to 11th spot, and I very much doubt that will happen to NMC. I am noticing that yet again someone is trying to stir NMC into action by doing a Pump and Dump on it, but when a coin gets into the Top 10 List its pretty much impossible now to achieve this, so I am not sure why people even try. I'm now all out of NMC and so I'm just watching the comings and goings with amusement. My expectations for NMC from here? A continued down trend on into June and a high $2 number should not be out of the question by early June mixed along the way with some New Moon Price spikes where it will be a good play for some profit taking. NMC? lets just say keep watching NMC as each and every New Moon approaches. The next is on 1 March 2013 which will be super boring for all the Altcoins, NMC included, but on 30 March or 29 April, well it could be a different story altogether.
 
PPC Preferred Coin to Mine

Been watching for weeks awaiting for this to happen:

https://www.dropbox.com/s/ou6xmfm6uyov75m/PPC Preferred Coin.jpg

PPC is the preferred Sha-256 Coin to mine.

Question: Why would you ever dedicate funds to an ASIC mining setup, when you can potentially mine 1 BTC every couple of days with a Scrypt Coin Mining Setup?? It leaves me befuddled and confused as to all the dumb money chasing ASIC's.

Simply put: Scrypt Mining Rulz!!!!!

Keep it simple people, because this was never meant to be difficult!
 
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Oh Reddcoin, how I so wish to apologise at my recent surmise at your pending demise!

Oh Reddcoin, how I so wish to apologise at my recent surmise at your pending demise!

So much has happened in the last few days hasn't it!!!!

Facebook? Network Effect? Just watch and see to how to make it happen. Its happening!

https://www.dropbox.com/s/edcf4e9p623a46u/Reddcoin - 10 Feb 2014.jpg

FB Likes . . . your new indicator to watch!

Hint: The IPCO Part 2 hasn't ended yet. Wink, Wink, Nudge, Nudge and a ;-) and a ;-)
 
Reddcoin?

And why just is it she is delivering all she promised all of a sudden?

7 days in and totally dismantling a mining coin attack from Poland and an adjustment with the Kimoto Gravity Well Problem Solvered?????

Network Effect? Oh Yeah Luv the Network Effect!

Visit Here!

http://rdd.cryptondice.com/?unique=7GiPt6ODXFYF2WBMm0Wi1cRPBsjKHgz5#

Do Not Share This URL so says my cut and paste == Why not? Is it restricted or something? Its just a game, and people love to gamble don't they!

Since Friday its drove the FB Likes for REDD from 700 too 3900 in case your weren't watching ;-)

Noticing yet that all the other Top Ten Altcoins are Stagnently Dead otherwise?

News you might just like to know hey? :-)

Network Effect Eh? You gotta Luv Network Effect. Bahdahbing, Bahdahboom!!!!

So what else does Reddcoin of San Fran have up their sleeves from here going forward? ;-)

Well lets just watch and see :-)

Mine the Crap out it and Find Out is all I can say :-)
 
SomewhereInOz said:
And why just is it she is delivering all she promised all of a sudden?

7 days in and totally dismantling a mining coin attack from Poland and an adjustment with the Kimoto Gravity Well Problem Solvered?????

Network Effect? Oh Yeah Luv the Network Effect!

Visit Here!

http://rdd.cryptondice.com/?unique=7GiPt6ODXFYF2WBMm0Wi1cRPBsjKHgz5#

Do Not Share This URL so says my cut and paste == Why not? Is it restricted or something? Its just a game, and people love to gamble don't they!

Since Friday its drove the FB Likes for REDD from 700 too 3900 in case your weren't watching ;-)

Noticing yet that all the other Top Ten Altcoins are Stagnently Dead otherwise?

News you might just like to know hey? :-)

Network Effect Eh? You gotta Luv Network Effect. Bahdahbing, Bahdahboom!!!!

So what else does Reddcoin of San Fran have up their sleeves from here going forward? ;-)

Well lets just watch and see :-)

Mine the Crap out it and Find Out is all I can say :-)
Click to expand...

8.7 Million mined so far. With any luck it won't go live till I have 20 Million REDD mined :-)

Watching and Waiting, as usual, for it to go live and then to price spike and then will dump, only to await to buy back in at the bottom. Easy Peasy hey?
 
SomewhereInOz said:
8.7 Million mined so far. With any luck it won't go live till I have 20 Million REDD mined :-)

Watching and Waiting, as usual, for it to go live and then to price spike and then will dump, only to await to buy back in at the bottom. Easy Peasy hey?
Click to expand...


In other words, wish to make a Bitcoin every 2nd day . . . why mess with CoffeeScrypt and all that when you don't need to ;-)
 
Lovin' It!

http://www.youtube.com/watch?v=RkhZ4h9DrTo

AKA Fuck the Banksters, and now lets sit back and watch them suicide themselves into oblivion . . . remember the next news headline will come from Citigroup.

Let these AssFucks BURN IN HELL!!!!!!!! And just enjoy at their demise!!!!!!!!!!! FUCK 'EM TO HELL AND BACK !!!!!!!!!!!!!! Because as Satanists that is truly where they belong!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
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Dianne said:
So in layman's language .... when are you going to be comfortable to buy?
Click to expand...

I don't plan on getting anywhere near BTC until it becomes a civilized option. But if I was trading these charts swing, I'd have been in at the fib low. 625-650 with a target at the next fib line, 750-ish.

As a longer term player, meaning anyone not swing trading (weekly/monthly) or day trading, I wouldn't be looking to get back in until we touched the 23.6 retrace from peak to peak. So around 500. But only very very timidly so. I honestly would look more at the dollar to Peak Fib sequence. Next real long term buy in somewhere around the old peak level which really really needs to be retested.

And from a weekly stand point, if you are looking at the actual weekly closes, it's probably best to wait (for long term) till the price level sanitizes itself and touches that 160 peak weekly close.
 
SomewhereInOz said:
Most definitely. I suspect all the Top 10 Alts will follow BTC down. DOGE seems to be resisting at the moment, and perhaps given possible outcomes based around events of the next two weeks (as indicated in previous posts), it may continue with an uptrend. Certainly over at Multipool.us 99.999% of the miners are still mining the DOGE (OK, thats an exageration, its actually 97.123%). However, while BTC is going down I suspect the majority of the Altcoins will follow suit and even for the DOGE, unless there is a mass awakening, its rise from here through the end of Feb will be subdued.

Certainly there will be daily specials along the way like Unobtanium right now, but unless you know the coin well and the comings and goings, or are very lucky, its hard to know just when to play these.

Of course when the recovery begins from BTC's $500 low or $484 low or $525 low or whichever it is, LTC will follow suit. And LTC will have its own quirky up moves from time to time as well in March, April, May as it likes to do. Darned if I can figure out when and why those happen, still trying to understand it.

NMC on the other hand, while being the oldest Altcoin, if we look at the period from July 2013 until November 2013, it saw an extended downtrend. Another observation about NMC from the past is that when BTC spiked, NMC typically always spiked first a few days beforehand, which is handy to observe because it could be an excellent play come mid-July 14 and then exit late July to BTC which should be spiking a few days later and then exit that as well and await the huge price drop ($8K -> $3.5K???).

The problem NMC has now is there are other Altcoins contending for a spot on the Top 10 List. Firstly, Worldcoin (WDC) is all but gone now. Quarkcoin (QRK) should be gone but the fact that its totally mined out keeps it there and until it hits $0.03 and/or lower it so shall remain. So the point being is NMC now finds competition from a number of different coins (DOGE for one, but watch Vertcoin and another little Gem I won't mention just yet) whereas it didn't have this competition in the past. It (NMC) would have to hit a price of $1.00 to be relegated to 11th spot, and I very much doubt that will happen to NMC. I am noticing that yet again someone is trying to stir NMC into action by doing a Pump and Dump on it, but when a coin gets into the Top 10 List its pretty much impossible now to achieve this, so I am not sure why people even try. I'm now all out of NMC and so I'm just watching the comings and goings with amusement. My expectations for NMC from here? A continued down trend on into June and a high $2 number should not be out of the question by early June mixed along the way with some New Moon Price spikes where it will be a good play for some profit taking. NMC? lets just say keep watching NMC as each and every New Moon approaches. The next is on 1 March 2013 which will be super boring for all the Altcoins, NMC included, but on 30 March or 29 April, well it could be a different story altogether.
Click to expand...

But what if, come monday, mtgox announces they have adjusted their problems and to boot will add LTC in the coming week?
I really hope not NMC would go down to 2 dollar. Jesus christ.
 
btcltc said:
But what if, come monday, mtgox announces they have adjusted their problems and to boot will add LTC in the coming week?
I really hope not NMC would go down to 2 dollar. Jesus christ.
Click to expand...

If they really are insolvent, then there's no chance of that happening. Otherwise, I find it unlikely that they're going to figure anything out. They've already let it go this far down and they can't seem to do anything about it.
 
Reddcoin Logo Design Competition

Check this link at 99designs for the new Reddcoin logo design competition:

https://99designs.com.au/logo-desig...urrency-seen-millions-286987/designers/978514

Have a scroll through all the designers submitting entries, heaps of them.

Designers love to design stuff in the hopes that their logo will be picked as the winner. Each logo is probably 10 mins in Illustrator for an experienced designer.

A logo design contest for a new coin to help spread the word about it . . . Clever!

10 Million RDD now mined, hoping to get to 20 Million by the time RDD hits the charts and begins racing up in ranking.

My favourite so far:

https://99designs.com.au/logo-desig...yptocurrency-seen-millions-286987/entries/115

Watch Reddcoin, this person or group of people know the web, how to program for the web, how to leverage the web where skills are lacking (Logo Design contest now and Mac Wallet earlier - put a 0.2 BTC bounty on that and within a day an Objective C programmer had the Mac Wallet ready from the Windows Source), how to develop and quickly implement an internet business plan where coins are actually used and not just invested in and hoarded.
 
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SomewhereInOz said:
Been watching for weeks awaiting for this to happen:

https://www.dropbox.com/s/ou6xmfm6uyov75m/PPC Preferred Coin.jpg

PPC is the preferred Sha-256 Coin to mine.

Question: Why would you ever dedicate funds to an ASIC mining setup, when you can potentially mine 1 BTC every couple of days with a Scrypt Coin Mining Setup?? It leaves me befuddled and confused as to all the dumb money chasing ASIC's.

Simply put: Scrypt Mining Rulz!!!!!

Keep it simple people, because this was never meant to be difficult!
Click to expand...

I apologize if you have already explained this, but can you tell us about your rig(s)?
 
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