[LTC IPO]: Litecoin's Pre-Gox Plan

https://forum.litecoin.net/index.php/topic,4698[6/28/2013 3:12:27 PM]

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[LTC IPO]: Litecoin's Pre-GoxPlan« on: June 26, 2013, 09:28:10 pm »

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[LTC IPO]: Litecoin's Pre-Gox PlanContentsI. IntroductionII. Implications of Gox SupportIII. Effects of PumpsIV. The Plan: LTC IPO

a) Investor Interestb) The Pumpc) Blockchain Manipulation

V. Information and Contact

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[LTC IPO]: Litecoin's Pre-Gox Plan

https://forum.litecoin.net/index.php/topic,4698[6/28/2013 3:12:27 PM]

I. Introduction

I am Milhouse. You may know me from the BTC-e chatbox, where I organized many pumps of alt coins through twitter during the months of April and May. I brought TRC 1400% up, DVC 600% up, NMC 730% up, NVC permanently 50% up, and contributed to the LTC rise of April 1. Playing with small market cap alt coins was fun and profitable, but there is a much more ambitious opportunity awaiting on the horizon: LTC.

I am not looking for a quick pump n dump of LTC. Instead, this will be acoordinated effort to put LTC in the spotlight for good, legitimize the coin, andgenerate interest in its potential as a serious competitor to BTC and one of theleading tools in digital commerce.

We all know what will happen when Gox supports LTC: Price will rise immenselyand more investors and developers become interested. This project serves toamplify the effect.

======================================================

II. Implications of Gox Support

Gox has announced an estimated July date for LTC support.

LTC will be open to the gigantic Gox orderbooks, the wire transfer market, theinvestors with millions of dollars and thousands of BTC. Those famous $1M buywalls on MtGox would have easy access to the LTC market.

On the day of the IPO, LTC will rise simply from the buy support of users thatcome from BTC-e. But realize that the BTC-e market is tiny compared to Gox,which has approximately 10x the BTC trading volume. The current LTC $300 000buy orderbook on BTC-e can be matched 1:1 by a single whale on Gox. There ispotential for a massive LTC price spike on the day of the IPO above $5,potentially above $10, and even $25 is feasible.

That would not mean much if Gox quietly adds LTC with a "News update: LTCadded.pdf" in their news section. The Gox crowd and the rest of the world wouldstand around with their hands in their pockets and their eyes fixed on the old BTCas if nothing big had happened. The goal is to get investors interested in thecoin, and potentially see it as an investment as valid as Bitcoin.

The goal is to have an incredible rise that noone could have imagined, in thestyle of April 1, 2013. In the short run there will be a media frenzy. Perhaps somewill gain, others will lose. In the long run, the interest in LTC and subsequentstartups and projects will further develop internet commerce with LTC in theforeground.

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III. Effects of Pumps

[LTC IPO]: Litecoin's Pre-Gox Plan

https://forum.litecoin.net/index.php/topic,4698[6/28/2013 3:12:27 PM]

Remember the day of the TRC and PPC IPO on BTC-e? April 4th 2013. There was a TRC pump through twitter to coincide with the BTC-e support of the coin. The effect of the hype was enormous, and TRC rose from a pre-pump low of 0.0008 on Vircurex to a high of 0.017 on BTC-e. That's a rise of 21.25x from bottom to top, a gain of 2025%. Verify it with these links:

http://www.cryptocoincharts.info/period-charts.php?period=3-months&resolution=day&pair=trc-btc&market=vircurexhttp://www.cryptocoincharts.info/period-charts.php?period=3-months&resolution=day&pair=trc-btc&market=btc-e

In contrast, PPC, which IPO'd on the same day. Without a pump and hypecampaign, it rose on its own from a low of 0.0011 to a high of 0.00349. While arise of 3.17x is still very respectable, the effect of a hype campaign and pump forTRC resulted in a rise nearly an order of magnitude more violent.

The effects of the TRC IPO pump were felt for months, and TRC remained in thegeneral price range high above PPC. The 3 day TRC pump plot, which I spent just400 BTC on, resulted in the creation of hundreds of thousands of dollars ofmarket cap.

The same can be done with LTC. If there is no pre-IPO pump, LTC will rise toperhaps $7 and top out, just like PPC. If there is indeed a pump, LTC could riseas much as TRC, reaching comfortably into the double digits. Interest in the coinwould explode, bringing new talent and investment.

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IV. The Plan: LTC IPO

To accomplish this, we need a coordinated effort. My market power alone cannotsimply move a $50M market cap coin.

There are three parts to the plan.

IV. 1) Investor Interest

First, we need to make sure the LTC engine is running full steam on the daysleading up to the IPO. Investors and institutions need to have LTC on theirwatchlists. They have seen BTC bubble from $1 to $32 in the span of 2 months.They have seen BTC grow from $13 to $266 in 4 months. They know thepotential of cryptocurrencies in general, and will not want to miss the next traincoming around. But they won't hop on board if they don't know about it.

To do this, we can contact cryptocurrency podcasts to talk about the implicationsof Gox supporting LTC, local news stations (finance section), newspapers (theGuardian has recently published an article on LTC), youtube channels, Bitcointalkforums (speculation boards), and Bitcoin/Crypto meetups. If Bloomberg andForbes (Jon Matonis in particular http://www.forbes.com/sites/jonmatonis/) coverLitecoin, it will be huge. The focus is to detail exactly why LTC is either equal toor superior to BTC (Scrypt security, faster confirmation times, very activedevelopment team), and its potential to be used in everyday digital transactions.

IV. 2) The Pump

[LTC IPO]: Litecoin's Pre-Gox Plan

https://forum.litecoin.net/index.php/topic,4698[6/28/2013 3:12:27 PM]

Second, the orderbook and price chart need to match the discussions regardingthe coin's potential. That means there will be a massive LTC pump happening onthe days leading up to the IPO, similar to the TRC ramp up.

For a coin with the market cap of LTC, an analysis of trading volume during pastrallies indicates that around $780 000 is necessary for each dollar of temporaryrise, and $0.35 of permanent rise. That is, for each $780 000 of market power, LTC will spike up another $1 and itslong term bottom will be $0.35 higher.

I will be dedicating my cold storage BTC to this effort, for I know the positiveeffect it would have on my LTC holdings.

This operation is very delicate, as all it takes is one large LTC holder to place asix figure sell wall and cripple the rally. Assuming all large LTC holders arerational, this would never happen, as they would be selling LTC for considerablyless than the potential market price. However it remains a possibility, for ushumans are not always rational.

If any of you large LTC holders would like to accumulate more, place your sellwall now and accumulate it. Please do not interfere with the pump. If you dodecide to hold through the rally, you will be indirectly helping out by effectivelylimiting the available supply. Thanks.

IV. 3) Blockchain Manipulation

Third, which may be the most difficult to coordinate, blockchain manipulationthrough miner participation. Leading up to the IPO, turn on all mining machinesand GPUs to maximize the difficulty. During the first two days of the IPO, turnmining machines away from LTC. Mine FTC, NVC, or another scrypt based coin.With the high difficulty and low network hashrate, blocks will not be solved. Thatmeans when LTC holders try to transfer LTC to Gox to sell, it will take hoursbefore the confirmations come in. As a result, a large amount of LTC is stuck inlimbo, on the way to the Gox wallet but unconfirmed by the lagging blockchain.Gox will have no LTC to dump and plenty of investors looking to buy: a recipe forprice explosion. Price on BTC-e would follow obediently, similar to whathappened to the Vircurex price when TRC made its debut on BTC-e.

It would be in the interest of all miners to mine another coin for 2 days tomaximize the size of the initial LTC spike when it hits Gox, ensuring a higher longterm LTC value and increased mining profit for months to come.

======================================================

V. Information and Contact

This operation is currently in the planning stages, for Gox has not released theexact date and time of LTC support, or what markets will be available. Currently Iestimate a late July or early August launch, with two markets: LTC/BTC andLTC/USD.

As more information comes around, I will update the plan accordingly and discuss the plan with large holders of both BTC and LTC through and BTC-e PM milhouse

[LTC IPO]: Litecoin's Pre-Gox Plan

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MilhouseJr. Member

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IRC will be set up in about 2 days.

The IPO is still a month away. There is plenty of time to get everything rolling.

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Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #1 on: June 26, 2013,

09:43:16 pm »

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Large holders interested in participating in the pump, PM me on BTC-e or PM me here.

I will set up an IRC group when Gox announces the exact date and time of LTCsupport.

Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #2 on: June 26, 2013,

10:46:43 pm »

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Well said and pretty well thought out.

After LTC hits gox there wont be another shot in cryptocurrency history to seesomething of this magnitude again. Furthur though, it will have numerousbeneficial effects on the coin and cryptos in general in the longer term.

Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #3 on: June 26, 2013,

11:08:16 pm »

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Somehow this feels like planning out the gretest theft in crypto history - only one thing is different - everything is legit. This seems like a good plan Milhouse i have to say.

Edit: The more i'm thinking about this, the more i'm starting to see this is wrong.This would just cast enourmously bad shadow on the Litecoin community. This isonly for the greedy and the immoral ones. Personaly i think there's surely goingto be a full-on rally even without these shady operations.

I know it's naive but why can't you rather spend this amount of energy onsomething ? To actually support the price by supporting the community.

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Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #4 on: June 27, 2013,

12:04:08 am »

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Everything is legit in terms that there are no rules in the crypto world.... In thereal world these pump schemes are fraud.. But we aren't in the real world, we'rein the crypto world so all's well!

As long as the price doesn't go too high otherwise it will come a long way downto a more stable point. Because although that helps people in the short term,making a lot of money, it very much undermines the credibility of the wholecrypto market, and the overall volatility of the market. If the market is seen astoo volatile (ie not stable) then that means you could be shooting yourselves inthe foot. The less stable the overall system the more chance that people like theAmerican government are likely to interfere (like they seem to do witheverything, regardless of which country you are currently residing) for the bad.

Good luck with your endeavours, but think about the long term just as much asthe short.

Somehow this feels like planning out the gretest theft in crypto history - only one thing is different - everything is legit. This seems like a good plan Milhouse i have to say.

Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #5 on: June 27, 2013,

01:19:29 am »

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Anyone who has a stake in LTC should be for this. I don't see why anyone wouldtry to work against it, but like you said, not everyone acts rationally.

I'll be participating and I hope we hit your targets!

Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #6 on: June 27, 2013,

01:56:40 am »

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I really would like to help out with the campaign. I don't have a very influentialamount of coins but I would like to help in brainstorming for the hype campaign.It seems the two main parts of this effort will be (1) creating the hype and (2)backing the hype up with real $. I think I can help with (1) and if we focus ourefforts on understanding the psychology of the cryptocommunity, then I forseesomething quite spectacular taking place. The timing for this seems to be perfectand I believe we have enough information from these events in the past tocatalyze one of the greatest spectacles in virtual currency history. This should bethe goal.

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What ideas do you have so far in approaching (1)? I believe the earlier we startgetting ideas in action, the better. It seems media attention was one of thebiggest factors in the bitcoin bubble in march/april. however, that is because newpeople were entering the economy. with litecoin i suspect we will mostly betargeting people within the community so perhaps garnering attention withinmedia outlets in this community will be the best place to focus our efforts. I alsoknow that Reddit seems to play a big role in the movements in this community.I'm sure a front page post with alot of litecoin backers on the bitcoin reddit wouldhelp fan the flames once the fire is started a little bit.

Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #7 on: June 27, 2013,

02:42:26 am »

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If you been around for these pumps before on BTC-e they have been veryeffective. In the case of LTC and the news at hand I also think it is critical foreveryone miners, holders, etc get in on this.

This is how we take LTC to a new level. Im all in got 2k chips but Ill be around for the show. Keep us posted. Milhouse your insight is brilliant as always. I'll summon the minion on BTC-e, Your friend Vegas. Hawaii here we come. By the time we get done we will be renting Travolta and his 787.

I advise any and all who believe in LTC to follow.

Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #8 on: June 27, 2013,

04:04:27 am »

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very excited to see how this plays out

Support Decentralized pools! http://ltcgapool.net:9327/static/

Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #9 on: June 27, 2013,

04:26:26 am »

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Economically, I think Milhouse clearly explained the benefits of this pump to the currencies health beyond obvious and entertaining result. The rational is sound

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and even pretty well demonstrated.

But, I dont think every one fully appreciates the benefit a successful pump wouldhave on Litecoin and the crypto scence in the long run.

Think about it. A possible repeat (or similar performance) of Bitcoin in April wouldlight people up. It would be sensational. People hardly believed it the first time.Most people hadn't even heard of Bitcoin until just 2-3 months ago when itsblasted all over the news by a pretty skeptical media. Things like that just donthappen twice in the finance world, well not without lots of jail time anyway....

Serious though, if a pump succeeds, I just don't think you can over hype thereaction. It will generate a great deal of publicity and interest. A lot more peoplewill pay attention and get involved. The crypto-economy will grow and fosteradoption, ect, ect. -- Good healthy growth. Which we will need, because seriouslyfolks, dont count on this happening again, not on any scale. The industry inmaturing pretty quick.

Just to cover the base - there wont be any substancial negative backlash. Peopleremember the drama and excitement. They don't remember the low monthafterwards. And the larger players know the game well.

So, we have nothing really to lose and a lot to gain. Let's pump the hell out ofthis and get people involved. Gonna need a lot.

Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #10 on: June 27, 2013,

04:39:08 am »

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Economically, I think Milhouse clearly explained the benefits of this pump to the currencies health beyond obvious and entertaining result. The rational is sound and even pretty well demonstrated.

But, I dont think every one fully appreciates the benefit a successful pump would have onLitecoin and the crypto scence in the long run.

Think about it. A possible repeat (or similar performance) of Bitcoin in April would lightpeople up. It would be sensational. People hardly believed it the first time. Most peoplehadn't even heard of Bitcoin until just 2-3 months ago when its blasted all over the newsby a pretty skeptical media. Things like that just dont happen twice in the finance world,well not without lots of jail time anyway....

Serious though, if a pump succeeds, I just don't think you can over hype the reaction. Itwill generate a great deal of publicity and interest. A lot more people will pay attentionand get involved. The crypto-economy will grow and foster adoption, ect, ect. -- Goodhealthy growth. Which we will need, because seriously folks, dont count on this happeningagain, not on any scale. The industry in maturing pretty quick.

Just to cover the base - there wont be any substancial negative backlash. Peopleremember the drama and excitement. They don't remember the low month afterwards.And the larger players know the game well.

So, we have nothing really to lose and a lot to gain. Let's pump the hell out of this andget people involved. Gonna need a lot.

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Plus think about how many new bitcoiners there are out there (that arrived viathe latest btc surge) that have been waiting patiently for the next big burst in thecryptocoin economy. all they have seen in the past two months is bitcoin slowlyarrive at $100. they are primed to jump on the bandwagon of the next sensation,I.E. Litecoin.

Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #11 on: June 27, 2013,

04:48:07 am »

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I'll be there... I guess its just a matter of when it happens.

Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #12 on: June 27, 2013,

05:01:09 am »

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Based Milhouse, do you truly have the girth of a gallon milk jug? I would think so with such divine wisdom and strength. I would drink all the milk out of your jug and pour it all over my, my children, and my children's children's faces for days on end, oh great Milhouse. Please let me hold your seed, and spurn me for not being able to birth any heavenly bastard children, for it's hot sticky texture and golden hue is enough to soothe any cryptoconcubine.

Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #13 on: June 27, 2013,

06:22:57 am »

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What are you 12? Milhouse could be an 12 year old idiot like you and it wouldn't make any difference. He could be right or wrong or not participate. The community promoting its coin collectively in any of those methods described all have a net positive effect. We dont lose either way. Go away.

Re: [LTC on Gox]: Litecoin's Pre-IPO Pump Plan« Reply #14 on: June 27, 2013,

09:12:22 am »

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Good idea, we need more "active ideas and works" like these from Milhouse to push LTC to the world. Ask at internetshops like gyft or bitstamp for LTC support -more mails, better effect. i really hope that gox will launch LTC in july, but you know gox - they tell much. i'll not suprised when there is no LTC at August 1st...

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