I missed the LTC low earlier on. (I wish the BTC/LTC ratio was better but hey) Planning on buying my first proper smartphone this week with Litecoins via online shop Millenius (unless someone has a better option they can point me to). With a phone I can utilise Bitcoins and Litecoins better. Movin' with the times. Looking forward to it. added > **any special features of smartphone I should look out for regarding BTC.
Looking at LTC's price on btc-e, It's being swap traded by a group of large ratio traders that are keeping it's ratio with BTC in lock step around the 26:1 mark. This action is not affecting the price, but it is affecting the currencies value against BTC.
Ratio is the most important thing to me. The fact it's staying around that mark is fine by me. I want to see 0.04 again though.
I sold at 37 ratio and bought back at 35. Made 5 Ltc out of it. Didn't think the ratio would drop this low. Someone is making money out of it!
Ratio coming back up and bitcoin rising, gotta love my tulips, I mean ltc. I found Koolio's tweets interesting about some more litecoin announcements coming soon. Does anyone have some ideas as to what they might be. Apart from the usual BTCChina and Gox?
LTC has had some action, million dollar question is whether to cash out today for the weekend, or cash out on Friday. P.S I'm real new to all of this.
I've got half my $ in LTC and half in USD at the moment. I'm still learning how this all works (2 days experience ) so might keep the LTC I already have and buy more on Sunday with the reserved USD. The view is that cryptos should take a dive on the weekend and start to bounce back on Sunday/Monday. If this happens, then next week I'll sell all on Friday and buy back in on Sunday. Keep in mind I've got a tiny amount invested in this as I'm just testing the waters. I'd be keen to hear what the more experienced members are thinking. Note shameless plug: any donations to my education would be greatly appreciated. 1HKkBAyb7Geu3fCjRLPrhtRfyP94vPJNce
good luck lead..I got my first holding @ 5 and have been paper trading all the way up..I would have lost most of my profits if I had actually traded for real..I'm also a 'noob' to cryptos but alot more volatile than stocks and my advice would be buy and walk away..come back in 12 months! best of luck!
I've done well trading, even though I'm an amateur and have made some stupid mistakes (due a little perhaps to a lack of sleep!!!!). The down side to volatility is that is may scare people out of the 'market place'. ***I am guilty though of riding the red and green waves Volatilty is a concern from my perspective because I'm someone whom wants to Bitcoin to keep growing into a more stable currency and an improving alternative to using traditional banks for transactions. BTC rules the roost.if Bitcoin shakes..the rest tumble harder as you may find out. People are mainly interested in the alts though due to the potential gains via volatility. Sometimes Bitcoin is the one making the most ground.
I haven't figured that part out yet - that's how much of a noob I am To make matters worse, I ran out of Internet download allowance trying to set up a wallet. For now I'm using one on localcoins.com which doesn't require any downloads. In the meantime I am waiting for a new internet account to be activated and running everything through my phone
