No doubt, but from what level? $200 back to $30? $1000 back to $100? Who knows...all I know is my $200 prediction for this week is looking likely, hope that doesn't change!
Still trying to decide what to do next. 1050ppc / 100ltc Buy more? Try trade into one or the other completely? Gah.
Here's your chance! Put all of your silver into ltc and when everyone abandons btc because of the bubble they'll move to ltc and you can buy 5 houses!
Don't forget, if you're going cold/paper wallet and 'make it hot' by importing the private key, you will have to make a new paper wallet with new keys, because your old one will be emptied and the change sent back to a new address upon use.
Indeed! If doing so, the best is probably to generate several addresses at once and use each only one time!!
Wow.. just read this thread after a while.. just wow! I can't imagine those people who bought a bit during the crash to 1c.. they'll be grinning right now..
So theoretically, there can only ever be 21 million BTC But I wonder how many of those 21 million have been lost due to formatting, accidental deletion of wallets, forgotten passwords etc.
http://bitcoinmagazine.com/trace-mayer-on-fox-business-why-bitcoin-is-just-getting-started/ Interesting read!
Still seems like LTC is the most profitable to continue mining (plus one of my cards will only do scrypt and not sha256). From LTC can convert into whatever you want. Just seems like the processing power is best directed towards it currently.
The advantage of LTC mining too, is that you can send them to BTC-E then convert to BTC at like $10 - $12 under Mt Gox rate, send to Mt Gox, and net another 5-7% profit.
I wouldn't mind getting some LTC actually but getting AUD on BTC-E is painful... Could use some BTC of course... But I'd rather keep'em Any suggestions?
Not many sorry, as I said earlier my method was to troll forums for Australian based LTC sellers and offer them a bank transfer at a little under market price. Managed to get about 1000 LTC in about 4 hours yesterday under BTC-E market price...kind of kicking myself now as I sold them all for a small profit at $3.00 - $3.25 and now it is well over $4.00!!! People were probably more keen to sell them yesterday when it was dropping, probably not so much now that it went up over 25% since.
True in almost all regards except the current ability to make a decent profit off BTC. I'll take 1700% profits this year over gold and silvers negative returns.
I just cashed out the rest of my LTC @ $4.20. Expecting a pullback into the $3's by the time I get home from work. Lets see how bad this gamble is lol
