Litecoin hasn't been the most profitable coin to mine for a while now, and the increase in value will certainly drive the difficulty up. It tends to remain stable though, compared to other coins.
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Bitcoin price skyrockets, crashes, rinse, repeat, internet starts investing in tulips
- Thread starter tipoo
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Litecoin hasn't been the most profitable coin to mine for a while now, and the increase in value will certainly drive the difficulty up. It tends to remain stable though, compared to other coins.
Well, everything tanked hard again.
LTC back to single digits, has to sting for the people that just preordered ASICs etc...
I think BTC will recover since it has some actual utility but these alts won't, more people are realizing they're worthless, well aside from the few trying something different like Peercoin, NXT, etc. Even then there are coins being built on top of the Bitcoin blockchain which are a lot more interesting.
I think BTC will recover since it has some actual utility but these alts won't, more people are realizing they're worthless, well aside from the few trying something different like Peercoin, NXT, etc. Even then there are coins being built on top of the Bitcoin blockchain which are a lot more interesting.
As someone who semi-recently invested in GPUs, there is some sting involved but I knew the risk when I made the purchase, so minimal regret.
CaptainZombie
Member
It was down to $345 at one point last night. Now its back up to $426. This stuff is just insane. LOL!
OpinionatedCyborg
Member
it's stabilized and bitcoin's becoming less and less of a joke, sadly. looks like I'll need to find something else to smugly deride to make myself feel smarter than everyone else.
*raises hand* I dickrode it, though I mostly got in and out last fall/winter. Feel bad for those who tried to play after.
less to talk about since it's more stable. looking at charts, seems like there's been some slight unstable action in the past week, but nothing to be excited about.
still a great experiment, still interesting, not much has changed.
StopMakingSense
Member
Loses 50% of its value in the past three months = 'Stabilized' 'Less of a Joke'
Sure.
this time it'll die permanently and the head of the pyramid scheme will reveal himself to all.
right
it's amazing that people were camping out and waiting for problems so they could come back and say "told you so." those forum arguments are important enough to remember for months on end, i guess.
D
Deleted member 1235
Unconfirmed Member
I was pretty into it when the boom was happening. in total I committed 400 euro to it*
*note, this was disposable money, I was aware of the high potential of losing it all.
it went pretty great.... for a while. Bitcoin was OK and I think at 1 time was up over 100% and had cashed in and out. Then I started to play with alt coins.... MISTAKE. My 426 euro 'worth' of litecoin is currently valued at 73 euro and 91 cents. That's a portfolio loss of -82.95%
now that I'm older and wiser, I would say that i think alt coins are dead, amusingly enough with the exception of doge which has the deflationary thing built OUT of it apparently.
Bitcoin seems to have stabilised weirdly enough. I like bitcoin, I like that it exists and I wish I didn't try and dick with the litecoin stuff. I fully expect my litecoin to completely vanish and that will cost me a further 73 euro or whatever, but I wrote the cash off ages ago, so I prefer to keep my magic internet money and occasionally open the app for a depressing laugh.
I don't feel as bad as my buddy who got wanged for 1600 euro in the mt gox nonsense.
If I was ever going to use bitcoin again (right now no need) I would deal exclusively with Kraken.com or https://clevercoin.com/en which recently opened in NL and you can use your bank card to buy them if you live in NL.
I would like to try using it for international transfers, but the sad fact is, paypal is pretty damn cheap anyway and most people don't know how to deal with bitcoin, so there is little point.
I think the internet went mental on the beginning of a new technology, it will probably settle down for 5 or 6 years now and be handy for the drug trade and eventually someone will figure out another actually practical application for it. I believe people are using it as a password replacement, things like that are pretty neat.
All in all, I played with it when I had a lot of disposable money, it was exciting as shit and I lost most of my cash. It was like a 2 month (ish) trip to the casino. good times had, money spent.
Damn, really? That's no fun.
Back to mocking Truthers I guess.
Naw, it's down another $150 since my last post. It's the farthest thing from stable. Feel free to make fun of it.
Shh, you're ruining the fun.
Coreda
Member
Microsoft now accepts Bitcoin.
Linky. Could potentially become a popular alternative payment method for younger gamers as mentioned in the HN thread.
It should be noted that this is still limited to merchants that support the currency, not all goods from the Microsoft store can be purchased with Bitcon. Still, it's a start.
Linky. Could potentially become a popular alternative payment method for younger gamers as mentioned in the HN thread.
It should be noted that this is still limited to merchants that support the currency, not all goods from the Microsoft store can be purchased with Bitcon. Still, it's a start.
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