The Litepresence Report on Cryptocurrency

Fedora Coin (TIPS)

I'd be watching Fedora coin right now (TIPS). We saw it jump considerably from 23-26 January and since then it has had a grinding downwards movement, back to 31st place and a Market Cap of just over $1 Million. The reason I say this is last night and all day today its been the preferred or most profitable coin to mine at Multipool.us. What I am seeing today is that miners are actually mining TIPS right now at 7626 MHash/Sec versus the DOGE at 17,952 MHash/Sec, so a few have come off the DOGE given the new reduced coin discovery rate for DOGE. In the past whenever a coin has been the most profitable for a considerable number of mining days, it has typically seen a move within 2-3 weeks.

So the idea now is to watch TIPS and hope it drops even further in price and try to pick a bottom which could be brought on by a further sudden down move in BTC. We know particularly in the next 3 weeks this should happen. Then hang onto it a while and watch the mining statistics for it at Multipool.us and check that its continuing to be the preferred coin to mine or at least in the top 5 list there. Typically then it will have its up move within 2-3 weeks. Happened so far for me with small quantities of ARG, EAC, LOT, DGC and WDC. This is not a major play, but could be good for a nice % gain on a portion of a BTC.
 
So the DOGE Coin Co-Founder is an Aussie Hey?

http://www.theaustralian.com.au/tec...o-san-francisco/story-e6frgakx-1226822947633#

Lets see, 5 cents makes a Quarter of a Million, $1 makes 5 Million. I think its time I look into picking up another few million of these things before the price gets out of hand ;-)

Now you can see why miners have been mining it non-stop since the 3rd week of January. As an example of the reduced discovery rate for coins, right now I can get max 60,000 coins a day with my setup. Back in December (when I thought it was worth nothing), I was able to mine 2 Million a day. Last week it was 120,000 a day. A missed opportunity, but its not over yet.

Update:

Just moved a couple of rigs over to DOGE. Everyone's away from TIPS now and 26 GHash/sec solely dedicated to the DOGE again even with the block reward drop.

Hadn't opened my DOGE wallet in a long while (3 weeks?) and low and behold there are 32,321 DOGE's in there still which I hadn't even noticed. A nice surprise!

Update 2:

Now 250 Satoshi's, another 51 Satoshi's and PPC is toast for the Bronze medal this Olympics (or thereabouts).

Another 6955 Satoshi rise from here for the DOGE and @ $700 BTC its worth 5 cents. Farfetched? The things gone VIRAL.

Got none? Get some!!! . . . but I suggested this 3 weeks ago didn't I.
 
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I mine DOGE but don't think it will stay around forever. The endless inflation is a huge weak point.
 
SomewhereInOz said:
https://www.dropbox.com/s/aqjd7wd2djmvglf/DOGE Getting Really Silly Really Fast.jpg

Have a look at what someone is willing to pay for some DOGE . . . 5000 Satoshi's.

This is about to get Really Silly, Really Fast!

Prediction: Within 24 Hours PPC will be in 4th Place in the Mineables and next the DOGE will be eyeing off LTC.
Click to expand...

Update:

Didn't require 24 hours - DOGE $93.66 Million, PPC $93.38 Million. From here its STRAIGHT UP TO LITECOIN and I mean Straight Up!!!

To achieve this will require a 1 Penny DOGE and roughly a 1325 Satoshi Price, perhaps a bit less if the Mining continues to be 99% of all Scrypt Mining. Timeframe? We're talking days here for this 450% move to happen . . .
 
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How high do you want me to take Doge? I'm convinced.

Watch. Buying now.

I'll do a minute spike.

Need to sell some alts first...gimme a few...
 
Nevermind, those walls are massive...lol

I bought some...but man. Those walls are massive. And people really move it around.

This Doge thing is definitely making early adopters wealthier with BTC than what they had before.
 
amonasro said:
I mine DOGE but don't think it will stay around forever. The endless inflation is a huge weak point.
Click to expand...

You are missing the greater Macro Economic picture here. With less than 1% of the planet into the Cryptos, and more like 0.001%, and more than 99% of the herd on planet earth very VERY soon needing to look for a spot to get away from their ever decreasing Fiat (watch what is coming this weekend, particularly in the US), and with the soon thereafter commencement of World War 3, the move coming into the Cryptos and most particularly the DOGE near term will be absolutely jaw droppingly monumental!

If you want more proof on the DOGE do this:

1. Go to Google
2. Search on Dogecoin, Click on News
3. Next scroll down to the bottom of the page and click "Create an email alert for dogecoin"
4. Next you need to have a gmail email account and address
5. Next select these settings:

Search Query - Dogecoin
Result Type - Everything
How Often - As-it-happens
How Many - All results
Deliver to - Your gmail email address

Now with your gmail App loaded on your mobile phone, watch the alerts stream in. It will not only convince you to buy a few now, it will convince you to drop the lot on it.

New Android Apps, New Games, The Philanthropic Coin, More vendors accepting it for payment, $30K Donation to a Childrens Charity, "Just solved a problem that Bitcoin was going to face" - 5% Coin Inflation in perpetuity . . . we know this is not a problem for BTC but right now its all about perception to an unknowing public just looking to get in anyway they can, New Cloud Mining Scrypt Mining Manufacturer focused on coins like Dogecoin, etc. etc. etc. etc.

Its in the right place, at the right time to explode!

Next watch RDD. Same Same, a coin with a specific "SPENDABLE" intent, a immediately useable intent. IPCO ends in 3 days, get some. It's move is not coming till March or April, give them time to go viral. 90 days means you get all your coins by June and you get out in June/July and dump into BTC. By 1 August you dump into Fiat . . . if that is its still around then to dump into. Myself? The dump will be into Gold and Silver IF I can find it. Will leave the Lamborghini's to the youngin's.

Notice how everything else is Red right now and its going to stay that way while the DOGE is sucking up all the volume. An unfortunate time for RDD to hit the market but perhaps this is a good thing. Still awaiting on the listings to properly report on its true volume of mined coins, which will easily move it up 30 places on the charts and give it some visibility. Should be a few more days which is what we want, keep the price low and the miners away while we accumulate.
 
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Paladin69 said:
Nevermind, those walls are massive...lol

I bought some...but man. Those walls are massive. And people really move it around.

This Doge thing is definitely making early adopters wealthier with BTC than what they had before.
Click to expand...

As BJF said in his video yesterday, the most heavily traded coin on Bter and at Cryptsy its gone apeshit. There will be heaps along the way who dump thinking its hit a peak, but they will miss out on the best part of the move.
 
Dogecoin Market Cap

Lets review this one again:

https://www.dropbox.com/s/ttsazn5uv9jz2h5/DOGE-Market-Cap-Move.jpg

Yes there may be times when you will wish to ditch your DOGE along the way and if we use this Market Cap Funnel as a guide we will see when. Right now we are at the Blue line and certainly the Market Cap rise has responded, but its got a long way to go from here before its overheated based on this.

As for the MOON, sorry but things haven't turned out as planned. The Dev is a single person and you may have read that a few days after he launched the coin on 30 December, he suffered a back injury which took him out of action until a few days before the coin started to race up the charts, 3rd week of January. Recurring complications may be happening with regard to that, I don't know, but basically from my research things are at a standstill. Also notice how the MOON mining numbers are not increasing now as they were. I chatted with a guy one evening who knows him, about 2 weeks back, and I asked when we would see the Mac Wallet? and why it wasn't just given a bounty and let someone else code and compile it. If you notice the Mooncoin Wallet, it has some interesting features that no other wallet has, so this Dev is a programmer. Indications at the time were that he wanted to code the Mac Wallet himself and that we would have to wait. RDD on the other hand set out a 0.2 BTC bounty for their Mac Wallet and had it available for Mac Users within 2 days. This is not to say that MOON won't eventually come good, but if its a single Dev who may well be suffering further health issues, then this might be a problem going forward in terms of speed of overall business plan implementation . . . again watch how the RDD guys are kicking goals day after day, this is because they are a team of people each with their own tasks to complete and they are using all available resources on the web to get it done. For example the new Logo Design Competition is nearly done, and that will end up costing them a massive 299 FRN's to achieve some 200-300 potential designs with not a lot of effort on their part. Its called working smarter, not harder.

Another example, this from yesterday. An online Reddcoin wallet at Multichain.net.

http://multichain.net/
 
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Paladin69 said:
So how many Doge do you have Oz?
Click to expand...

Kicking myself, because as indicated last night I could be in the 100 Million range. Right now have 5281914.66434515 plus the 32K strays I found last night and the paultry 20,000 I have just mined in the last 12 hours.

The plan from here is to bring 'em home, do the old shut down the internet thing and park 'em in an secure offline wallet and await till July.

Wondering now whether its off to LocalBitcoins to get some BTC or to put it into another few rigs and figure on mining another fast riser might be better, because mining the DOGE solely for the next 4-5 months will just barely take me over 10 Million.

Its looking like maybe 45,000 a day, but I will know better after 2 AM AEST.

. . . but there's a bright side, final heatwave of the season should be over in a few hours. 37.3C at the moment and temps falling, cool change moving through. Next week looks like rain and max temps of 30C. Should mean I can have a fiddle with the rigs and try to max out the hash rate and squeeze out a few more DOGE.

12.5 Million RDD, could be making the mistake of not continuing mining that, await the rise, dump to BTC, buy DOGE. As I say its all a gamble, and thus far RDD is not moving.

SLV now at $20.16, when they take their foot off that, this whole thing becomes trivial anyway ;-)
 
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KCIndy said:
LOL!! Yep, that's JP Morgan talking. It's not a coincidence that the only major entities which really, REALLY hate Bitcoin are the banks. ;)
Click to expand...

Resistance is futile. Keep talking shit and walking down the prices, banks. kthxbye.
 
SomewhereInOz said:
Kicking myself, because as indicated last night I could be in the 100 Million range. Right now have 5281914.66434515 plus the 32K strays I found last night and the paultry 20,000 I have just mined in the last 12 hours.

The plan from here is to bring 'em home, do the old shut down the internet thing and park 'em in an secure offline wallet and await till July.

Wondering now whether its off to LocalBitcoins to get some BTC or to put it into another few rigs and figure on mining another fast riser might be better, because mining the DOGE solely for the next 4-5 months will just barely take me over 10 Million.

Its looking like maybe 45,000 a day, but I will know better after 2 AM AEST.

. . . but there's a bright side, final heatwave of the season should be over in a few hours. 37.3C at the moment and temps falling, cool change moving through. Next week looks like rain and max temps of 30C. Should mean I can have a fiddle with the rigs and try to max out the hash rate and squeeze out a few more DOGE.

12.5 Million RDD, could be making the mistake of not continuing mining that, await the rise, dump to BTC, buy DOGE. As I say its all a gamble, and thus far RDD is not moving.

SLV now at $20.16, when they take their foot off that, this whole thing becomes trivial anyway ;-)
Click to expand...

Mining Doge has become that tough already 'eh?
 
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