this is the first since long time I am watching Litecoin raise when Bitcoin is falling, it hearts my but to see my Bitcoins losing value, but I am more than happy watching my Litecoins covering that loss, and this is what we call spread risk  |
|
|
|
Here is something that could en(b)lighten people sticking to their Litecoin: The current LTC/BTC price is 0.0155. The eventual supply of LTC is 4x the supply of BTC, ie 84 million. Do you really think Litecoin is worth over 6% of Bitcoin?
Now this is not addressing people who are merely mining or trading them to gain BTC, merely those who are stuck in their delusion. Hopefully, there aren't too many of them here.
your but hearts ? |
|
|
|
From another thread. https://bitcointalk.org/index.php?topic=345065.0rpietila, would you also suggest this kind of plan for Litecoin (perhaps on a smaller scale right now)?
It is the standard plan for all kinds of high-risk events that can be reduced to either going up or crashing. For LTC it works exactly same way, you just need to do your homework to find the target value for LTC (or make the plan open-ended so that you always sell if it goes up more, and always hold some of the bag if it goes to zero). I think LTC is overvalued at 0.01344, it does not offer anything compared to BTC, and it cannot be used anywhere. The whole community seems to consist of pump and dumpsters. I think the risk/reward is just not there compared to BTC.
- With Bitcoin (compared to fiat), you have (nearly) unlimited reward, compared to limited risk (all of your investment, but not more).
- With Litecoin (compared to Bitcoin), you have limited reward (small potential of a sustained LTC/BTC rate increase), compared to unlimited risk (much higher probability of going to zero, or orders of magnitude down).I hope litecoin holders do understand they're taking much more risks, and thus should watch their holdings very closely. we are not arguing about the nature of bitcoin being good or not, but the thing that you don't realize is that when Bitcoin gets mainstream its Blockchain will need some tweeking, we have been discussing the Block size limit for so long and all debates point to not increasing the Block size limit for a good reason, soon Bitcoin will be so valued that it would not make any sense sending $10 equal of bitcoins, more people will start making transactions, and many of them will make small ones. they will spam the blockchain with small transactions. that being said, here where comes the litecoin part, I saw big attention lately around Litecoin from developers and entrepreneurs, hell even Bitpay was tweeting about the easiest way to buy Bitcoin and Litecoin, this attention wasn't brought just for fun or to scam people. think of the support that Litecoin offers to Bitcoin eco-system, How? follow me... when Bitcoin price hits $1000 it will raise much faster, I don't know if you agree but most likely it will hit it and continue raising fast, people will start making really small transactions and I mean do allot of them, in 10 minutes (the average block target) the network will get really spammed. Litecoin will be Ideal, 4x blocks in 10 minutes can release some unnecessary load on the bitcoin blockchain, $10,20,30,40,100 is not that problem now but it will be in the future and Litecoin will solve it, now you can argue about why Litecoin why not "put your desired coin" ? well I can answer this really easy, Litecoin is the most secure Alt and one of the few without Insta-mine or Pre-mine and maybe the only Alt with really active development which its developers also help developing Bitcoin, and the most accepted alt, and at this point there is no chance for existing alts to compete with its network or technology, everything I saw was a bad copy cat that they cant maintain. most important, I will re-post this here, this analyses was over the weekend, and Chinese exchanges were excluded for some reason, but yet it is interesting to watch.someone on the Wall Observer BTC/USD thread mentioned that Bitcoin price at BTC-e is $100 shorter comparing to Gox and Bitstamp, so I remembered that I once wanted to deposit some Fiat in order to try arbitrage between Bitstamp and BTC-e (buy at BTC-e and sell at stamp), the surprising thing was that they acquire so much fee and they ask you to mark the deposit as it was meant for advertisement.... when I calculated what I would make of it I found out at the time it would cost me more to buy Bitcoins at BTC-e than at Bitstamp ( price was only $30 shorter than Bitstamp). the point is that I was checking again, and the BTC-e Bitcoin order book was so small, so I made some research and I was amazed:
BTC-e Volume the last 24 hours combined on all pairs (alts) Is almost equal to Gox and stamp together:
Litecoin Trading Volume is the biggest and most surprising that Today comparing to the last few days is really small  so based on these charts I went and looked for transactions on both networks and again I was amazed when I looked to the last 24 hours Transactions, compare these chartsLitecoin Bitcoin now I believe that Strong Alts such Litecoin are really necessary for the long Term health of the eco-system, and even when I start thinking about the block size limit, we would not like to spam Bitcoin with worthless transaction when it goes more mainstream, as Litecoin can handle 4 blocks in 10 minutes it would make more sense to use the smaller transaction with Litecoin and Keep the big ones for Bitcoin. |
|
|
|
Lol why is there a 100$ gap between btc-e and gox?
I was thinking the same until I tried to deposit some money to try some arbitrage, well I got surprised with the fees and the owners asking me to describe my deposit as for advertisement... so BTC actually cost you more than Bitstamp or gox when you calculate everything. most people trade BTC there just to buy Litecoins anyways, we really need gox or Bitstamp to add Litecoins so BTC-e can die slowly. you know when they say that Litecoin silver to Bitcoins Gold and it is Important to its survival, believe it or not, Yes it is true. this image describe it more. and this is the trading Volume the last 24 Hours compared to Bitcoin |
|
|
|
Well I also don't own a TV, go shopping, read magazines/newspapers, eat processed food, use microwave, never had a 9-5 job etc. A clear recipe for becoming a business magnate. Try it, you may be surprised  Hey cool, all of these already apply to me!  I do own a TV, though. But it's being used as a monitor for a PC. Dayum. I was just about to post the exact same thing. The only reason I bought a 3D TV was to get a 55" LED/LCD panel with a 240Hz refresh rate for my main computer. I've been car-free since 1966, job-free since 1976, tobacco-free since 1985, drug-free since 1988, and TV-free since 1997. Just say no! the last time I watched TV may be was back in 2003 during the Iraq war, by that I mean I was really siting and watching.... I do own a big flat TV but mostly my wife and kids watch it, my PC is my source of information, work, entertainment.... |
|
|
|
|
the site load normally for me now, but I cant log in
|
|
|
|
|
someone needs to wake up Mark and tell him to fix his shit
|
|
|
|
|
Mark is probably sleeping so this can take some time to fix
|
|
|
|
|
GOX is down for me
EDIT: back online
|
|
|
|
Red candles everywhere. PANIC. Just dumped 250 coins @ 805.
LOL we will really panic because of 250 BTC aaaaaaaaaah I am panicking already I am going all-out[/sarcasm] you are funny. |
|
|
|
The scornful replies to my observation indicate that you have too many bitcoins and that makes you emotional. I suggest you do what I have done and cash out a couple of $M so that you can sleep better and become less touchy I do not need Fiat ATM, I will sure cash out some when I need it, I am exploring few other investment, "hint:" Litecoin |
|
|
|
Fill in the blanks:
From March 18 to April 9, in 23 days, bitcoin appreciated 379% against the USD, which is average 7.0% daily. The following day it crashed, erasing all the gains of the last 3 weeks, and providing a stellar buying opportunity. From November 3 to November 23, in 21 days, bitcoin appreciated 291% against the USD, which is average 6.7% daily. It still has room to appreciate __% in _ days, after which it will _____, erase ___ the gains of the last _ weeks and provide a ________ ______ ___________. See for yourself well Bitcoin got more attention and new investors now, all crashes/correction after April did last only few hours or a day at max, now people are better prepared for a correction and are on standby to buy back whenever n opportunity appear. long story short, the market will eat it, so stop dreaming and buy back before you miss it, because I will say it once again this is not the classic stock market, bitcoin is unpredictable. |
|
|
|
Slowly but surely everyone is starting to figure it out. What's happening right now happened before in March. Almost identical charts. One more crazy run-the-train-of-its-rails rally is brewing. It's going to be epic.
If we go crazy from here (we are already well above/ahead of the long-term trend), the inevitable result is crash. That is the way turbulence works. This makes it relevant to try to estimate the top and the bottom. My take: - Top $2200, bottom $475. Before Christmas. I was following your posts, there is always a crash in your post, each day you post the same prediction, but I see Bitcoin only going higher and the only correction was before and after the senate hearing, look I said correction not crash. this is not the classic stock market, Bitcoin is unpredictable to its nature, Early adopters get advantage and you never know when some one will cash out a part of their investment, and these charts where you draw lines predicting price they doesn't mean anything and they are based on no scientific or economical ground. |
|
|
|
Now that we are discussing about anything. Does anyone have an opinion on having a BTC donation address in your signature? Have any of you ever gotten anything from having one? A cool story perhaps on how you randomly received a ton of BTC. Kinda looks like begging in the digital age doesn't it . (And I'm taking part of it  ). this is so 2009/2010 when Bitcoin was worth pennies and was just getting promoted, a friend told me he got 150 BTC as a donation for getting started it was worth nothing at the time, nowdays no one will give you 0.001 to promote bitcoin but you could get it for something you did that deserves a thank you, think of it as a tip |
|
|
|
|
OFF-topic- Max keiser Promoting Litecoin, Litecoin went 100% in one week, you cant miss that as well
|
|
|
|
wow YOU TOUCHED MY WALL!!!!
Yup that was my wall, i use bot to pull it. Suckers who sold b4 my walls gonna hate me now.
Edit: see noobs? this is how you can get manipulated..
you are not the owner of that wall so stop your BS |
|
|
|
and we are going up so fast edit: sorry suckers who sold out before |
|
|
|
IMO it in everyone's best interest (including manipulators, not including April-style conspiracy theories or 2011-stype Ponzi fears) that we had this major correction, but not for it to be seen as a bubble-pop, in order to make even better profits if/when it really pops once well into the 4-figures. Whether you prefer fiat or BTC, it's surely more beneficial for the correction to end around about the current price, give or take.
You think new money is going to come in after they saw the clear crash that just happened? That, and uncertain dodgy exchanges that hold no certainty in regards to regulatory and legal issues. I think we just need a better platform to trade bitcoins on, that holds no uncertainty in regards to regulation and law, and is operated by reputable people. you clearly have no Idea, most big exchanges are AML and KYC applicant, and all new exchanges that will appear will have to apply as well in order to survive, the Problem of bubbles and crashes and corrections is not the weakness of the trading Platforms but the nature of Bitcoins. Bitcoin rewards the early adopters and makes room for new comers, when the price go up so fast like we saw the last few weeks a correction/crash will most likely appear, I would like to remind you that after the silk road news the 1st of october BTC crashed to $85 and corrected to $115, this only a month and a half ago, so after 5 weeks the Price went strait to $900. even if you are not that early adopter and invested in Bitcoins in october todays price gives you a sweet exit with huge profit, so imagine if you bought at $10, all what I am trying to say is that because of the nature of bitcoin, there will be allways crashes like this. except if price will riase slowly and healthy, I was expecting a crash but when it took this long I thought it wont happen before $1000. but I am sure that people will always invest, all it will take is a look to the chart and they will understand that these things happens, I as a Bitcoiner and Litecoiner got used to this, I really dont care that much anymore, especially after hearing the positive comments from yesterday and before yesterday senate hearing. why would I sell my Bitcoins or Litecoins anyways, I am sure they will be around for long time and I am sure that I will start using them in my daily life shortly and I had the best opportunity to get in before most of people. |
|
|
|
|
Show Posts
