Don't do that...

Out.

EMAs changing direction...

Because transaction times are a wash.
Reduced to 2 min? Well that's still too long for a coffee transaction.

The same complementary services required to deal with transaction times are necessary for Litecoin.
Except that now you have more blocks to deal with. And you have a higher risk of orphan block.

Oh, also it doesn't fix centralized mining at all. (Which was foreseen anyway, by the way. Bitcoin was never intended to be mined by everyone.)
If litecoins really become valuable, they will also have ASIC.
Remember when Litecoin claimed it was GPU proof? Well we all know how that turned out...

Better wealth distribution?
Ah yes, you mean to litecoins early adopters, rather than bitcoiners.
When I was born, I had 0 dollar and everyone else had plenty.

So Bitcoin/Litecoin are essentially the same, except that Bitcoin has the first mover advantage, plenty of businesses accepting it and a team of developers to improve it.

That's what I mean by more risky.

Best of luck in your investment.

Wait for me! I'm bringing the fuel!

up Up UP!

Really? Could quote yourself here? 

Investing in LTC is like saying "Bitcoin is too safe for my taste... I want more risk/profits". 

And in French?

Wow, the 90k for $90 kinda looks menacing.

Pretty much everyone here is a long term "believer" to some various extents.

Well, for those who don't want to trade, buy and hold is a proven strategy with Bitcoin.  

Would you consider yourself the norm? 

Luke, you are just being trolly now.
Even a caricature of a dictator wouldn't say that.

That's my point:

I'm pretty sure most of the transactions on MtGox are from traders.
If everyone on MtGox was just buying and going away, you would be correct.

However, look around you: almost everyone predicting a lower price sold some BTCs.
Not to cash out, but to buy back lower. The cash is there, waiting silently for an opportunity.
$50? $30? $10? Who knows...

The amount of transactions done by the new teenagers just hearing about the new Bitcoin thingy isn't going to drive the market.
VCs? My guess is that if they are buying, it's with darkpools.

And for the withdrawal process, it goes two ways: If I am to withdraw, I will not start the process on a friday,
knowing that my money will remain in limbo for the weekend.

Yeah, I'll need a little more argument than that.

You are looking only at one side of the medal.

Yes, it takes more time for the fiat to enter MtGox, but once it's there it's trapped!
It's not getting money in that's hard, it's getting it out.

So if BTCs can move out at anytime, but cash must stay on the exchange, why would that only be 'downward pressure'?

Furthermore, the weekend dip is a myth.

There's already a bunch of money just sitting on MtGox.
The daily income of new money isn't going to change that much.

Also, BTCs can leave the exchange at anytime, while the dollars are locked up in MtGox until account verification and withdraw limit.

Well sure, if the banks were closed for 2 months it would have an impact.

It means nothing!

MtGox could have 1 milliard dollars per day incoming and that wouldn't change the price.
If people move some money to MtGox and see the price is tanking, they won't buy.

At the same time, traders could drive the price up without any new money coming in.