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Sell at or near the current bubble top, load up for double number of BTC at the bottom.
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No, it will first hit my sell offer at $78. Only then it crashes  |
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The MtGox exchange got hacked mid 2011 and the hacker dumped a lot of BTC from hacked accounts on the exchange. The result was an instant price drop from $17 to $0.01. I think there are still people that have a continuous buy order at $0.02 at MtGox or anywhere else, just for that reason  |
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Is this LTC's 2011 Gox crash? If so, I look forward to two digit LTC prices within 2 years  |
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If one country needs it, it would be Greece.
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I dont want it and anyone that does is suspect.
Okay, let me have it then (would that be a bullish sign?)  |
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Slightly under. Today is record volume once again. A sign of things to come.
The more I think about it the more I realise how undervalued litecoin is. I see it's uprising as inevitable as that of bitcoin. Let it hit the deserved ratio of 1/4th BTC ($10) soon  |
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It won't be long before MACD on daily hits the peaks seen in 2011. MACD tops are also getting lower while highs in price are getting higher. But it's a crazy market for sure. You must have balls to sell the entire stock now.
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"He claims that this has to be a hack on Bitcoin itself." and then tech savy guys prove him wrong. Excellent buy opportunity  |
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Buying a Litecoin for $1 is less frightening than a Bitcoin for (soon) $100. Litecoin is still a good game for speculators!
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I don't see kids buying BTC at $100 just for fun, and ordinary folks neither. For that, BTC needs a killer app. Oops, did I just say 'will not cross $100'?  |
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Irredeemable Bitcoin is. The second question - what are its other purposes and features - is much more interesting. In essence, gold is irredeemable too (gold is just gold).
Keep an eye on Keith and you will learn a lot.
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Almost no one accepts LTC anymore either
There practically is no use for LTC other than
exchanging, which isn't really profitable either.
Thanks for your input. I see it expanding and becoming more widely used in the future. Could you please provide examples thereof and your general view on Litecoin's future (sincerely interested)? |
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I have a strange problem (version 0.8.1b). If I want to make a payment, the program freezes at "calculating network fee". If I FC the app, the BTC are still in my wallet, so effectively I cannot send any BTC. A fresh install and restoring the wallet from a backup results in the same freeze. [edit] got the BTC out of the wallet by importing wallet to blockchain.info wallet and subsequently making the payment from there. I guess the transaction size was too big for Bitcoinspinner (transaction was chopped down to 249 parts due to a lot of mini payments received in the past). Took some time to confirm as well  |
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proudhon, aren't you still holding some BTC in your offline wallets?
Yes. I still have some bitcoins. I'll probably buy more when we dip into the single digits again. Yeah, the rally is losing some steam, isn't it? |
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I think there are a couple of reasons that could lead to a decrease in price: - MtGox does not support shorting (so negative feeling about the market may not be fully reflected in the price; more prone to air pockets)
- regardless of the enthusiasm of people, the practical use of Bitcoin is still rather limited (exchanges not widespread, economy is still relatively small); people that get into the game now will also realise this later on, just like the one's in 2011
- it's a small market; if buying goes on like this, at some point the bids will more or less vanish leading to a spike. It takes more than in 2011 but eventually we would get there. After the spike, there will be some form of price collapse
Herd mentality does not vanish with a couple of millennia of 'civilisation'. It will be the same this time (and I will be waiting for the opportunity to buy cheap). Don't worry, you can get my BTC at $78 a piece currently |
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I am starting to get excited. Usually that is not a good sign |
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The thing I keep in mind is that a) the market (=80% MtGox) is quite small, also compared to total Bitcoins and b) does not have a sophisticated short function yet. Therefore, selling pressure will only appear when an existing BTC holder cashes out. Negative sentiment with others won't be reflected in the market. Thus, this small market is much more prone to air pockets than big sophisticated markets.
Since we all know that markets never move in a straight line, I am keeping all options open. Given my approach (all or nothing, trying to increase stake by medium term trading), any reversal to the mean means a buy in terms of trading. If BTC has a future, we have only just begun.
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From my perspective, it would me more like the legal question whether I can exchange a bread for a goat and the goat received for a bread again (or something else). Of course this is possible. If you doubt whether this is possible in your country, there is more at stake than just a legal question (hint: freedom).
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