Litecoin volatility is back - Cryptocurrency Trading | futures io social day trading
futures io futures trading


Litecoin volatility is back
Updated: Views / Replies:879 / 6
Created: by Pedro40 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Litecoin volatility is back

  #1 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 539 since Jan 2013
Thanks: 29 given, 357 received

Litecoin volatility is back

Looks like the altcoins are more volatile than Bitcoin. Litecoin has just had a run from $2 to $8 in a month and sure it has just crashed back to ~$4, but it is moving way better in both directions than Bitcoin.

Supposedly there was some kind of Ponzi behind the big runup and following dump... The chart has the classic hyperbole....

Here is what most likely happened:

"22% of all LTC that has ever been mined recently ended up here

http://litechain.info/address/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou

What an absolutely genius con, the best cryptocurrency scam in recent memory.
Buy me LTC and I'll pay you back more, while I trade the LTC in a very liquid BTC market. In essence, the ponzier is trading against his own rubes at a lesser rate but still making them give him enough litecoin to keep the price rising as he keeps selling it for more bitcoins, then he can just crash litecoin whenever he wants.
You have been LiteConned!"


Last edited by Pedro40; July 10th, 2015 at 07:24 PM.
Reply With Quote
 
  #2 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 539 since Jan 2013
Thanks: 29 given, 357 received

Around $26 after a run up to $36. Volatility is back...

Also LTC is more inventive and flexible than BTC due to the SegWit implementation.

Reply With Quote
 
  #3 (permalink)
Elite Member
Kyoto, Japan
 
Futures Experience: Beginner
Platform: LiveVol
Broker/Data: TD, TW, IB, Saxo
Favorite Futures: UVXY, VXX, VIX, /VX
 
suko's Avatar
 
Posts: 938 since Oct 2013
Thanks: 683 given, 704 received


Can you explain the significance of Segwit?

Reply With Quote
 
  #4 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 539 since Jan 2013
Thanks: 29 given, 357 received

"What this means is that the block size is actually increased. SegWit counts each byte in a witness as 0.25 bytes towards the maximum block size limit (1MB), meaning the maximum size of a block becomes just under 4MB. This doesn’t mean that the data gets smaller, it simply means that it is counted in a way that allows for the 1MB limit to be increased. "

https://www.cryptocompare.com/coins/guides/what-is-segwit/

"The most evident benefit to SegWit is a capacity increased that is introduced in the form of a different transaction format. However, there are also other benefits to SegWit, which are outlined here. This includes increased security for multi signature transactions, linear scaling of sighash operations, script versioning and more.

However, fixing transaction malleability issues is the most important of these."

Reply With Quote
The following user says Thank You to Pedro40 for this post:
 
  #5 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 539 since Jan 2013
Thanks: 29 given, 357 received

LTC is up 50% in less than 2 days around $44, due to, well, your guess is as good as mine. Some says BTCers want to sit out the Aug 1st deadline of SegWit implementation and they chose LTC. Who knows?

Reply With Quote
 
  #6 (permalink)
Trading Apprentice
thailand
 
Futures Experience: Beginner
Platform: mt4 , mt5 , in house
Favorite Futures: all futures
 
Posts: 1 since Jul 2017
Thanks: 0 given, 0 received

is it a good price to buy litecoin now ? looks like a bit high now.

Reply With Quote
 
  #7 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 539 since Jan 2013
Thanks: 29 given, 357 received


winmorepips View Post
is it a good price to buy litecoin now ? looks like a bit high now.

Depends on what your general crypto outlook is. LTC is high because BTC is at ATH. If you believe in them this is as good time as any...

Reply With Quote

Reply



futures io > > > > Litecoin volatility is back

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Monte Carlo Analysis w/Kevin Davey

Elite only
 

How-to Choose a Futures Broker w/Lynette Lim @ Phillip Capital

Sep 20
 

Alternative Views on Traditional Tools w/Rhonda Jones

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Implied Volatility dynoweb Stocks and ETFs Trading 1 November 22nd, 2014 07:40 PM
Volatility stop peglegtrading Platforms and Indicators 5 September 27th, 2011 03:06 PM
volatility indi shah1266 NinjaTrader 3 August 1st, 2011 02:07 PM
Back to the Future! Back testing multi time frame strategy trades occuring in future mrticks The Elite Circle 10 April 2nd, 2011 09:54 AM
A volatility index paolfili The Elite Circle 8 August 17th, 2010 06:49 AM


All times are GMT -4. The time now is 02:26 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-09-20 in 0.07 seconds with 18 queries on phoenix via your IP 54.225.57.120