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Indeed, the distribution of bitcoin supply is not so different than traditional currencies. And, on an unrelated note, probably a good deal of those early adopters are -- together with miners -- keeping us in this long term downtrend.
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Just wait for New Money Monday!  It's just a down trend. Strong 4-5 year bull market. Where we are is not unreasonable. Honestly, I could see us at sub-$50 a year or two from now, and would not be surprised with a long term bullish resolution (new ATHs) in time. Mean reversion is a bitch.  |
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Breaking $300 seems inevitable at this point, but at this rate, we may have a short squeeze first.
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Looks like we're ready to dump again. 300-310 looks good for a bounce.
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Been traveling the past week or so. Don't think I made a single post anyway. Gonna remove because I don't feel like having that scumbag TF neg trust me. Best of luck to the rest of you.
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I am a greedy bastard, I should buy some at $3.xx I was under the impression that it would go even lower, I keep falling into this mistake, instead of buying in batches I try to catch the bottom or somehow a bit above the bottom, but for now I don't think that we will see a major drop, whoever bought between $3-5 did really good, I think dropping below that (not in a flash crash event) give the impression of LTC going down and never recovering.
Exactly -- that's what is on everyone's mind. We're in the same "litecoin is dead" situation as November 2013 -- except this time, BTC is in the throws of long term bear market, instead of a bubble, suppressing the alt markets with it. I think a prudent approach would not have been to average down in an LTC bear market, but to wait for bullish reversal. Averaging down in LTC is far more dangerous than doing so in BTC. (Just ask those who averaged down all the way from $50....) |
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Don't underestimate the power of psychology, and in aggregate, market psychology. We could certainly pass $1k, perhaps even push for a slightly higher ATH..... but if the bubble doesn't then materialize, serious despair will set in. Too many bitcoin holders are emotionally and financially invested in another bubble. I don't like to project this far into the future, but this is a higher probability outcome in my view than straight to $5k or $10k or $1 million (whatever you bubble guys are always saying).
If you look at weekly charts + momentum (RSI, RMI, etc), the last bubble was much less powerful than the early 2013 bubble. Don't be surprised if the next "bubble" continues in this fashion -- or fails entirely as longterm momentum continues to break down.
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LTC has no developer. How can you buy a coin with zero developers?
LTC has very strong fundamentals. I don't know what you mean -- it has an extremely dedicated development team. They just don't have much to do much because LTC is already the perfect coin. Oh yeah, and intrinsic value. LTC has intrinsic value, dude.  |
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If you havenīt bought days ago, you clearly are doing it wrong .
there still plenty of time to buy, years infact. but times up for sub 500 it seems. Times up? No sub-500 ever again? Hmmm, when did I hear that talk last? Oh yeah, it was in the TV chat, right before we retested 490s before rallying to 523.... that was 2 days ago.  |
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Edit: There are still 140k shorts on Finex btw.
Is that a lot for BFX? I suppose I've always heard their LTC market is very illiquid. Never looked into it. I wouldn't bother paying attention to BFX for LTC especially -- clearly that market is dictated by Okcoin. That's where the pumpers play. |
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LTC BABY! I bought another 4000 @ 5.35. Ready to lift off!
Can I see what chart you are looking at? o_O Looks to me like LTCUSD and LTCBTC both just broke major up trend lines. What makes you think it's moon time? Maybe a bounce to test the broken trend but I'd be ready to bail quickly.... |
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Seems both LTCUSD and LTCBTC have broken their major up trend channel. BTC has obviously been following LTC this last week or two, if you've been following both. We heading down then?
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movement incomming
Bitstamp 4 Hr. MACD flashing on & off... Hopefully some fresh fiat will ignite a rocket this week Bitstamp 4h has been looking bullish last day or so, and someone's been placing bid walls to hold it up. However, Huobi looks bearish, and the bid side has half the coins to the $480 level that Stamp does. That's kind of scary considering Huobi's potential volume.... |
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BTC-E has become a mess and they choose random people to scam for no reason
Did you actually follow along in the thread? It was being sorted out. And then: my account unlock  thx admin BTC-e i can Withdraw every time but i can't chat in trollbox lol, no problem i have many work here thx admin BTC-e.com BTCE is still the most trustworthy exchange around, IMO. Best trading engine too. |
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Bitshares X on a crazy pump, almost $ 100,000,000 marketcap
Meanwhile expecting another btc dump, 6-12h macD look pretty disastrous
Stochastic RSI on daily range looks negative aswell. Indicators say we will have a minor upsurge in the oncomming hours in the daily downtrend. What indicators would those be? My daily shows that we're being pushed under all my major moving averages. We are not even oversold (stochastics or RSI) on the daily anymore. And I don't see a reversal candle. |
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The above chart looks to me like the uptrend in # of transactions is rounding off and turning downwards. (Not just the August top, but all of 2014)
Thoughts?
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Collusion with the bank teller? Please. Yes, online transfers can be reversed (although with more difficulty than with Paypal and I have seen it happen only rarely). Cash teller deposits are the safest method for transfers like this.
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