Is LottoShares on coin market cap? If so what is it trading at?

Started by bytemaster, July 28, 2014, 05:38:40 PM

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Cryptofreakoutlaw31

It was when I saw Lottoshares DAC in the top 10 on coinmarketcap.com that got me interested in the .  It was on another thread on a different crypto forum that I realized that I had some LTS that I can claim since I held DOGE and BTC during the dates mentioned in that thread.  As a result, I was able to claim a total of 100 LTS and to move them into my LTS wallet.  After the LTS price on Bter dropped to the 5500-6800 satoshi range, I was able to add my LTS total by making my first few LTS on Bter when the price was between 5500-6800.  I have not played the dice and lotto games in the wallet and I do not plan to.  I plan to hold them and buy more on Bter if/when the price drops much further from 5000 satoshi/LTS. 


Majormax

Quote from: delulo on August 27, 2014, 05:20:03 PM
just saw it. THe order book is almost empty though
https://bter.com/trade/LTS_btc

The reason for that is:

1.  There is very little concentrated supply, so when there is a new buyer in size, it depletes the sell side.

2.  Potential buyers in size do not yet feel comfortable bidding what they feel is a high price, so that thins the buy side.

FreeTrade

I wouldn't take the market cap too seriously yet, the price was swinging around wildly in the past few hours. I think we were up to 7th in market cap at one point. Nobody has much liquid LTS to play with yet except some early miners and those accumulating at low prices. Small movements in price can translate to large movement in market cap. Though it is nice to get some exposure on the coin market cap site while price discovery is going on.
"People should be more sophisticated? How are you gonna get that done?" - Jerry Seinfeld reply to Bill Maher


testz


santaclause102


Riverhead


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G1ng3rBr34dM4n

Quote from: Riverhead on August 27, 2014, 03:08:40 PM
Quote from: G1ng3rBr34dM4n on August 27, 2014, 02:53:41 PM
I would speculate from a psychological perspective that transposing the lotto biz model to crypto, excites a lot of people.


Completely anonymous online gambling. It's like crypto was designed for this purpose.

And what's the first thing people say about winning the lottery?.... "Well, if I won $100M, I'd only take home $70M because of taxes"

Riverhead

Quote from: G1ng3rBr34dM4n on August 27, 2014, 02:53:41 PM
I would speculate from a psychological perspective that transposing the lotto biz model to crypto, excites a lot of people.


Completely anonymous online gambling. It's like crypto was designed for this purpose.

G1ng3rBr34dM4n

Quote from: biophil on August 27, 2014, 02:52:30 PM
Quote from: G1ng3rBr34dM4n on August 27, 2014, 02:49:11 PM
+5%!

Where do you find out when shares mature?

Import the shares into an LTS wallet and then mouse-over the "mined" transaction. It should say how many blocks until mature.

Sent from my SCH-S720C using Tapatalk 2

Awesome, thanks!

biophil

Quote from: soniq on August 27, 2014, 02:51:00 PM
what is fueling the speculation here?

Probably a combination of a very low float (thus not many sellers) and sudden visibility on coinmarketcap.

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G1ng3rBr34dM4n

Quote from: soniq on August 27, 2014, 02:51:00 PM
what is fueling the speculation here?

Holy shit - just looked at coinmarketcap GO LTS, GO!  Climbing like a monkey.

I would speculate from a psychological perspective that transposing the lotto biz model to crypto, excites a lot of people.

biophil

Quote from: G1ng3rBr34dM4n on August 27, 2014, 02:49:11 PM
+5%!

Where do you find out when shares mature?

Import the shares into an LTS wallet and then mouse-over the "mined" transaction. It should say how many blocks until mature.

Sent from my SCH-S720C using Tapatalk 2

Support our research efforts to improve BitAsset price-pegging! Vote for worker 1.14.204 "201907-uccs-research-project."