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Your communist ideas of fairness is what drives every western political decision and the very reason the economy is tanking. Truck on comrade.
You can't comprehend that fair wealth distribution is an important factor for an effective economy. Sierra Leone has one of the worst income equality for instance while Japan has one of the best. Now try to compare the economies of those 2 countries and call Japanese "communists". The funny thing is that people like you will mostly be first to whine about fairness when someone just takes something from you by force. |
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LTC will probably repeat history... at first the manipulative whales will hold back the rise just to raise tension, and then it will suddenly be released, creating an very fast surge upwards.
It was exactly like that during the last couple of days with 9.5-10$
just to add something here, Litecoin distribution seems more fair than Bitcoin's distribution, while more than 45% is held on addressed from 0-10000 LTC and only 34% are held from addresses with 100000-10000000 in which 2 of these addresses are owned by BTC-e and OKcoin, this means only exchanges hold 23% of people's Litecoins. this brings us to 70% held by small holders like me. beside the huge development and marketing going around Litecoin, the fact of the distribution compared to Bitcoin's distribution, and the fact that I dont have to worry about satoshi's coins or the stolen coins from Mtgox.... is really attracting Source: http://bitinfocharts.com/top-100-richest-litecoin-addresses.html I don't know exactly about distribution, but the insider whales at BTC-E are kind of dumb brutes, who should learn more refined methods for market manipulation then fake 2mil.$+ buy/sell walls. Things like that make people turn away from LTC. The market will always be manipulated, but just don't be so damn obvious when you do it. In the general idea, I agree that LTC probably has a bright future. I'll quote myself here, what I posted couple of days ago when talking about Houbi accepting LTC. It will increase the LTC trade volume and will cause it's price to rise. There will probably be a very fast rise,similae to the previous spikes. Over time LTC will gain more traction and it will probably be traded on Bitstamp soon, because Stamp will start losing volume to BTC-E, because of the good arbitrage options between China. Because of the same base source-code, it will be simple for all the service companies to adopt LTC usage.
The future for LTC is probably bright.
In the future, it will be easier to sell LTC then BTC, because it has less criminal history, publicly known creator and scrypt having it's advantages in hash rate growth stability and in not being made by the NSA, that isn't currently an very popular organization.
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LTC will probably repeat history... at first the manipulative whales will hold back the rise just to raise tension, and then it will suddenly be released, creating an very fast surge upwards.
It was exactly like that during the last couple of days with 9.5-10$
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Buffet once said - trading is process of redistributing wealth from least patient to most patient  I like that statement for many reasons. To the OP: If you agree with the fundamental improvement of bitcoin over our fiat systems it would be easy to see why its value and price is/will be over $1000/coin/ People who think that bitcoin can replace fiat are the ones who learn about finance from youtube videos. To replace fiat, bitcoin supply should be fixed according to some practical everyday resource like oil, coal, corn etc. Only then it would have price stability. The pseudo-resource of fixed rate coin mining is a foolish way to control money. If bitcoin would become world currency, then unfair wealth distribution would increase tenfolds. |
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The altcoin nutcases can't comprehend that the China craze is over and that most Chinese volume is now fake. Regardless, I've been buying small increments for a while now because of the charts.
Fake or not, but there has been a rise, and there will be more of this rise. All while BTC has been dropping and will be dropping. And all of this was easily predictable couple of weeks ago. Opening new markets with decent volume, is THE reason for the price to rise. But I can see the future already, how the bitcoin nutcases are crying how "everyone are stupid for buying LTC not BTC". |
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I'm in, for sporadic discourse.
I'd be a holder, by your definitions, just curious mostly.
If I could offer any advice to the real speculators out there (or "in here") would be to pay close attention to the history of bitcoin, and when price action does not fit conventional technical analysis, be prepared to accept the fact that this is not like anything that has been traded before and traditional technical analysis may not always hold true. (It mostly does, but please do not stay married to your position when the market is moving the wrong way, no matter how hard the technicals are screaming at you, because bitcoin)
Technicals should keep you from marrying your position. Exactly. Perma bulls and perma bears are not technical analysts. They are buffoons. Most of the time in bitcointalk, the perma bulls are treated like technical analysts. There was no reason whatsoever to think that the BTC market will turn bullish after MtGox loss of customer funds. But most of the forum cheered for couple of buffoons that somehow were so sure of it. The funny thing is that soon those buffoons will start acting like they always knew that this "uptrend" won't succeed. And the sheep will follow them in "always knowing about it". |
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The bitcoin nutcases here can only comprehend litecoin when it's time to buy at the top.
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isn't this the part where fonzie is supposed to come out and spread fud?? wehre is he?  fonzie is a btc bagholder now.. getting drunk and praying at the Shrine of Satoshi, like rest of the sheep... oh yeah, thats right lol. he said he went all in not too long ago when a perma-bear goes all in, you know where we are heading next. fonzie was no perma-bear, he was an red panda with weak paws |
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isn't this the part where fonzie is supposed to come out and spread fud?? wehre is he? fonzie is a btc bagholder now.. getting drunk and praying at the Shrine of Satoshi, like rest of the sheep... |
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It's funny how the bitcoiners will soon start to blame everyone else that they aren't buying. It doesn't have anything to do with their inability to create an trustworthy market system, no sir. Everyone are just stupid, that they aren't interested in buying something this risky, just so your coins would cost a little more.
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It will increase the LTC trade volume and will cause it's price to rise. There will probably be a very fast rise,similat to the previous spikes. Over time LTC will gain more traction and it will probably be traded on Bitstamp soon, because Stamp will start losing volume to BTC-E, because of the good arbitrage options between China. Because of the same base source code, it will be simple for all the service companies to adopt it's usage. The future for LTC is probably brigh. In the future, it will be easier to sell LTC then BTC, because it has less criminal history, publicly known creator and scrypt having it's advantages in hash rate growth stability and in not being made by the NSA, that isn't currently an very popular organization.
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No sh*t, Sherlock
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wtf.. you actually posted that you got butthurt by my post?! Oh, yeah, it's me who is butthurt here  No sh*t, Sherlock |
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Litecoin is the higher risk, higher reward coin.. but right now it's better then bitcoin because bitcoin has filled it's full potential already and now it's slowly retreating, while there is still potential to be filled with litecoin.
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wtf.. you actually posted that you got butthurt by my post?! |
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Volume is low and it is dropping not rising. Soon people will get tired of trading with each other with no new money coming in.
LoL ... reminsds Rounders (1998) They don't play each other, just chating/waiting for new blood  Atlantic City Suckers https://www.youtube.com/watch?v=ciWBzhmOC_oLol, yeah, something like that. And when new blood wouldn't come, then the players would soon start taking their chips and leave one by one  |
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Volume is low and it is dropping not rising. Soon people will get tired of trading with each other with no new money coming in.
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Whales are hoping that new whales will come to buy the coins. They are hoping that the incident 10 days ago wasn't an isolated case. If nothing happens soon, then everyone will start to freak out and the price will drop.  |
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I have heard that some whales are moving from bitcoin to litecoin because they are afraid that the stolen coins from Mt.Gox will be sold.
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