Looks like the dip's being majorly bought.

Markets unaffected.

Worldwide malware bitcoin ransom attacks.

Clearly timed by gov-security services to give them a blank cheque to bring in huge new anti-bitcoin legislation

http://www.elperiodico.com/es/noticias/sociedad/ataque-informatico-masivo-infecta-las-grandes-empresas-espana-6033534

Litecoin is probably the worst investement you can make of any crypto IMO, specially at this price. Its record as a store of value is abominable and it relies on periodic "resuscitation" pumps just to be kept alive. Have a look at this:



Clearly the place not to buy is right at the top of one of those spikes - or in fact anywhere during a litecoin spike, unless you happen to know exactly where you're going to jump off.

The current pump has nothing to do with scaling. It would be if litecoin implementing segwit could scale bitcoin but it isn't, it's scaling litecoin and so it's no more a driver or value than any other scaleable altcoin is. The reason for the pump (as you can see from that chart) is that whales are accumulating bitcoin, not litecoin and are using the recent addition to coinbase as a basis for fleecing unassuming traders jumping on the bandwagon, just exactly as they did with the previous 'spikes'. Note the lower low every year.

Bitshares meanwhile has potentially massive growth at hand.

The reason is that it's uniquely placed to benefit from the large and increasing demand for fiat-pegged cryptographic assets. Just have a look at Tether's volume to see what the potential is. The problem is that Tether is fiat backed whereas Bitshares is a pure crypto solution backed by a genuine market-driven peg.

No brainer I'd say.

Stamp heading up again after some consolidation. 1-Hour momentum about to conclude its correction.

BAY also up against Bitcoin ! Bitcoin up, Bitbay up. Bitcoin down, Bitbay up.

Bitbay: Riding the bitcoin wave while levering it and amplifying it thanks to 3.5 year's careful and painstaking work on a unique dedicated asset trading device being slowly but surely priced in. (And it's not even on the launchpad yet)

Last orders at the bar @ 3-digit sats.

Indeed. And it's been knocked off the top spot of "coins gaining faster than bitcoin" anyway since I posted that...



( %'ages Against BTC)

Oops. Stats out of date already. Sorry about that

Top 3 assets trading against the grain and beating bitcoin in the current hurricane rally...

(Ratios are against Bitcoin, not $USD )

Top 3 assets doing better than Bitcoin & trading against the hurricane.

Bitbay in particular is probably the most undervalued asset on the planet right now, so nobody wants to dump it



(P.S. Ratios are against BTC, not $USD).

Dream on.

Comparing Mimblewimble to the protocol-native articulated logic tiers of the Dash network is like pretending that pigs can fly if they produce enough fart-gas. If Bitcoin implements Mimblewimble as anything other than a side chain it will be an alt-coin.

Bitcoin is what it is and fungibility will be provided by the Lightning Network - i.e. to stay fungible you simply don't transact on the main chain. As for Litecoin, its value offering derives from serving as monopoly money for the founder's brother at one end of the planet and his employer at the other.

Be his guest by all means

I don't get the logic of this.

The reason metals do sh*t these days is because their market has split (into a liquid paper on the one hand and illiquid physical on the other) and they've lost their original monetary function as a bearer token. That would be the case whether inflation or deflation prevailed.

A deflationary shock would presumably be the result either of widespread recession or some kind of credit crunch/mass default scenario without the usual central bank printing spree in response. In that case cryptos would do well due the fact that they're not debt-backed and therefore represent a safe destination for fleeing capital.

By what mechanics do you see them getting 'slaughtered' ?

LoL. The other side of that logic is that BTC is a better store of value than LTC...

...and if we look at the long term that is in fact what we see. Litecoin is one of the worst performers there is against BTC in terms of coin exchange rate. (Which is what investors are particularly interested in as opposed to marketcap since supply growth does increase marketcap but not the value of any one holder's investment).

All it's done over 3 years is loose value against bitcoin. It's kept alive at one end of the planet by the developer's brother who listed it on his exchange and at the other end by the developer's employer who listed it on their's. That's the best that can be said for it - 'monopoly money'. If you happen to be in the right place at the right time during one of the resuscitation pumps then you might gain something, otherwise holding Litecoin long term is a good way to atrophy your crypto-holdings relatively speaking.

Maxwell can "LoL" at Dash all he likes, but Dash is solving the "right" problem (monetary fungibility) while he's solving the wrong one (encrypted messaging).

The privacy solutions he presents all belong in the domain of payment systems, not stores of value. As such they are incomplete and work by exception to the core blockchain protocol.

For example...

What is a sidechain ?
From a cryptographic point of view, it's an interesting concept - turn a bitcoin into basically any type of alt-coin you want. But from a monetary point of view, what are you doing ? You are doing reverse fungibility, turning the entire coin supply into a kind of chameleon-like asset that has no static properties and where one part of the coin supply is distinct form another instead of indistinct.

What is mechanical pegging ?
From a cryptographical point of view it's an interesting concept - save noobs from "dangerous" pump & dump alts and allow them to hold interesting experimental tokens risk-free, mollycoddled by the safety of the mothership. But from an economic point of view, what are you doing ? Creating an extremely nasty economic coupling between markets that transmits volatility from where it does belong to where it doesn't. (See Bretton Woods for previous and Euro for current failed precedents).

What is "Cryptographic Transaction Privacy" ?
From a cryptographical point of view it's an interesting concept - allow transactions to take place in private, obscured from the view of onlookers. But from a systems analysis point of view, what are you doing ? Confusing the priorities of a trading platform with those of an electronic asset (which happen to be in conflict and which is why Dash avoided "Cryptographic Transaction Privacy" in the first place in order to support the priorities of compatibility with the Bitcoin ecosystem, supply fungibility, blockchain transparency and optimal economic store of value).




What is "Standard" ?
From a technology point of view, it's a desirable concept - a reference framework to which everyone conforms in order to facilitate universal interoperability. Greg Maxwell sees electronic assets as if they were some kind of RFC where's there's no point in "not conforming". (He's on record both in print and video with this explicit opinion). But from an asset portfolio point of view, what does that represent ? The exact opposite of best practice investment philosophy where diversity, not conformity is optimal.

The next correction will be down to $3k from a $6k spike.

Ether may or may not overtake BTC in marketcap, but if it does it'll be dead in the water before long because tech-stocks such as Ether are replaceable where monetary stocks are not.

In other words, its core value proposition isn't store of value, it's utility and there are plenty more where it came from that can fulfil the role (not to mention its very own fork).

Absolutely. This is the definitive fact of the matter. ^^^

Litecoin never garnered any use cases is because it's basically no different from Bitcoin. The only reason it's "faster" is because the blocktime is lower. That isn't a scaling diversification, it's just pushing harder on Bitcoin's accelerator pedal.

It's been kept on life support by a couple of high liquidity Chinese exchanges which might as well be trading bottle tops for all the difference Litcoin's fundamentals make.

Not very investable but ok as a 'lab environment' for testing out pre-production Bitcoin tech.

Thanks ! Will google that.

Monero's Achilles' heel is that it uses encryption (hiding) as its basis for anonymity.

Encryption is an appropriate technology for transient payment systems where the information is just "passing through".

For an unbacked monetary store of value it's little more than a high-tech time bomb. (Particularly when it forms the sole basis of its value proposition).

Actually, this is incorrect. Market prefers high coin supply.

Of the 178 coins with a sub 5-million supply, only 3 are in the top 30 marketcap