Cloak accumulation started.

I know it's an unpopular view around here (especially among people like Marcus) that the value of bitcoin will not increase forever in a straight up vertical line, but here it is:

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-12-bitcoin-fair-price-analysis

The LTC price was honestly perfectly stable at 0.020, then the Chinese trading group/cartel forced it down from there while removing all buy walls + shorting + dos'ing Poloniex.  They have since dos'd Poloniex several more times trying to shake people out of LTC while having 5-10 Chinamen spam the chat with "LTC DIE, LTC GO TO 0".

Since it was stable at 0.020, it could just as easily hold 0.030 as well.  I don't know what the maximum upside will be, but I don't see why LTC can't beat the darkcoin blowoff top at something like $100 when LTC has a lot more respect as a coin than darkcoin does, and all excess traffic that BTC can't hold is going to flow straight to LTC and not coins like Darkcon.

Having said that, I don't have anything against asians, but I'm getting really tired of these annoying Chinamen.  They have a lot of traits similar to the jews where they think it's somehow ok for every word out of their mouth to be a lie.  That's called a "sociopath", not "the art of war".  Only weak people need to lie.  It's due to the concept of "face" in China where they make believe it's ok to try and screw over anyone that's not an immediate family member.

That's why it's so easy for me to trade against the Chinese, though.  They make the false assumption they're smarter than the people they're trading against, which causes them to think they can get away with repeating the same patterns over and over while you just front run them.

Nobody sold out at $600.  I've been buying metals from $800 - $1600 and just made 600% on litecoin too.  Anything I missed in bitcoin I already made up in alts.  There's really zero reason to hold BTC over LTC right now either.  Whoever buys this LTC double bottom will make far more money than anyone in Bitcoin.

I talked to the guy before.  A lot of these people in metals have put a few bucks into bitcoin and I had to explain to him why bitcoin is not actually a store of value:

Yes, Litecoin was such a horrible trade I only made 600% on it while you guys were praying to the gods to deliver you a 5% bitcoin rise.  The chinese trading team on litecoin is still trying to hold it down to accumulate more, so there is no way I'm leaving for any other coin right now.

He's 100% correct and I've explained it to you fools 500 times.  Bitcoin is a currency, not money.  It's value is entirely flow, not stock based.  This is why I'm 0% in bitcoin and 100% in Litecoin now.

Of course it's wrong.  Sidjuhag already admitted he doesn't even research the gold market.  Charts do not matter in metals, only cost of production does (which is mostly controlled by oil price).  Just because you make believe there has to be some 50% retrace going from $250 to $1800 doesn't mean that's how the market works in practice.  For example, it requires moving TWICE as much earth in the year 2017 as in the year 2000 to get 1 ounce of silver.  Where does that fit into your chart?  It doesn't.

I think the lowest possible price people are getting gold for is $800, but most are over $1000 now, with some being all the way up to $1200's.  All that really matters is the dollar cost average production price of them all averaged together, not one miner who pulls 3 ounces of gold per year out of the ground at $800.  The cost of production should be over $1000, and silver cost of production is probably around $15-17.  You of course need premiums stacked on top of that for any of these businesses to run.

As I said, the oil price controls most of it, but the oil companies are already bleeding billions and on the verge of collapse, so if oil cratered to something like $20, it would wipe out the entire financial system anyway.  If instead oil went back to it's previous price, well, metals would be going to the moon.  It's slightly annoying, but as long as metals are not used as the main settlement unit or currency, it's price is mostly a derivative of oil.  I expect gold and silver's role to transition back to the main form of money and settlement, though.

Did we just witness the top of this in the last 30 seconds?

That's when you know it's time to sell if even Marcus who thinks the BTC price can only go up thinks the price is too high.

Last chance to board 4 TPS coin at the bargain basement price of $1856 MatTheMat.

If anyone likes video games, I think I've spent weeks making this single post lol (mostly from acquiring and sorting through everything):

https://steemit.com/games/@r0achtheunsavory/r0ach-s-video-game-emulation-megathread-top-picks-for-each-system-without-all-the-crap-ones

Congratulations to all hold baggers.  If the fiat system were to collapse tomorrow, the premiere global digital payment system is now bit....litecoin.

Contrary to what deranged Eth shills claim, the "killer app" of blockchains is not "smart contracts".  The killer app of blockchains is currency.  The so called smart contracts are way down on the list and have no legal authority behind them whatsoever, so the best case scenario is that they would be used in a some niche market, legal arbitrage gambling cases.  

Eth is also completely centralized with no obfuscation of who is in control of what, so people involved in Eth are already acting as some form of illegal, unregulated legal services/gambling services for the people at the top of the pyramid, and people acting as transaction validators will mostly be in the same boat when it changes to PoS.  Eth is a scam and the only reason it went up is because they sent the illiquid asset premine they created out of thin air to Poloniex and margin leveraged it higher.  If 2017 is going to be the year of any altcoin, it's going to be litecoin.

Are we rich yet?

Not really if you're not a day trader and just hoard it without selling at the peaks.  BTCE is $$1400 right now, $200 lower than Bitfinex.  We all know the price always crashes down to whatever the most BTCE can sustain.  When it crashes to meet the BTCE price, BTCE will also dump more and it will probably be $1300 or lower then.  The so called smart people weren't the ones holding BTC either.  I've been in Litecoin this whole time and made way more than BTC people have.

Buying the dip means selling bitcoin while it's high and parlaying profits into LTC before it goes to 0.02 - 0.04.  With LTC having segwit + coinbase, it will probably even go to some stupidly high unbelievable number like darkcoin did where you just stare at your screen reciting the words "what the fuck? what the fuck???"