Everything is going according to plan...

Although we had some minor Deviation from the core model.

it will fall like a rock.

I'd rather watch water boil than look at these bitcoin charts right now. It's a shame to all the ponzies conducted in the past.

calling your coins precious when the price is struggling to hold above 230 $ is wrong and a clear sell signal.

I've got one major problem with this theory ... 1200 LTC is like 10BTC ... 'dumping' 10 BTC would have no impact on price whatsoever so your graphs make no sense to me.

Correlation /= causation

Holding by itself does not hold the value up.  You need people who are willing to increase their holdings by buying some of it.  The price will not stay up if they don't agree with it.

I think it makes sense. So take a look at what's been going on @ BTC-E for the last section of time.

Right now:
1) they are Dumping bitcoin for litecoin. This is decreasing the cost of bitcoin and raising the cost of litecoin.
2) they are then selling litecoin for usd.
3) then they can buy bitcoin w/ usd, cheaper than what it was previously being sold at.

The inverse also happens when pumping bitcoin to increase litecoin holdings. It's a nice little triangluar pattern that they've been doing since the last bubble.
That combined with the massive amount of shorts has allowed market makers to increase holdings/profits while keeping others suppressed. IMHO

What's even sicker is the trades seem to happen near instantaneously between ltc/btc and ltc/usd, which as Sitarow suggests, keeps value at equilibrium.
I just wish I could understand it a little bit better to try and play the swings.

Gentlemen, what are you doing to my Bitcoin?

Weekend dump, or weekend pump? That's the question now.

50 bitcoin of blockchain?

No reason to sell at that price since you risk not getting your money and by the time you get the money the price will have probably popped over $250 a few times.

Who says they had them to begin with? Anyone claiming to have coins that cant prove it on the blockchain is a scammer and that applies to all major exchanges. If they can't prove their reserves exist then they can't be trusted, there are several methods of doing that and they've been around for a long time so if they aren't using them they're hiding something.

One example:
https://exchange.coinport.com/coin/BTC

Kraken and others use Gregory Maxwells merkle tree approach but their last audits are months out of date.

Hi someone need 50 bitcoin of blockchain @ rate of 250$ per btc if you have than contact me

do you guys think, now a good time to short?