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141  Economy / Speculation / Re: $300 or $800 next? on: March 22, 2014, 09:21:17 PM
Short term: Bounce to 580$-590$ then back down to below 530$.

Medium term: 135$

Only guessing, so probably it will be different.
142  Economy / Speculation / Re: Bitcoin down Litecoin UP 2014 on: March 22, 2014, 09:11:09 PM
O.K. still hope for tomorrow ...

143  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2014, 09:47:17 PM
I need to stop looking at charts and work out how to get into building Bitcoin infrastructure.

No need for that. According to Reggie Middleton, Bitcoin is a car, that has its own roads already built-in.

144  Economy / Speculation / Re: Do you think the alt-coin crash is hurting bitcoin? on: March 20, 2014, 09:25:45 PM
The good alts won't go away. And in the next bitcoin bull run (if there's one) they will again provide greater return than bitcoin.

If a prolonged bear market develops in BTC, one could speculate that some alts will decouple and push in the opposite direction.

We never had a prolonged BTC bear market with serious alt competition.

You read my mind  Shocked

That was your mind? Thought it was arepoīs  Cheesy


If a prolonged bear market develops in BTC, one could speculate that some alts will decouple and push in the opposite direction.

We never had a prolonged BTC bear market with serious alt competition.

Quote from: eiskalt
For 2014 I see litecoin outperform bitcoin.

Haha, forget it.

You just confirmed it  Cheesy
145  Economy / Speculation / Re: Do you think the alt-coin crash is hurting bitcoin? on: March 20, 2014, 09:21:09 PM
are the altcoins crashing?

Litecoin's mini-bubble just burst, but that was completely due to bitcoin speculators seeking short-term profits. it's simply tracing out the same bubble pattern as Bitcoin, and i see no fundamental reason for it to trace all the way back to pre-November prices.

i think the crypto-despair is infecting the other coins, but sentiment lows are always the best time to buy Cool

--arepo

Still bullish on LTC, because desperation.

LTC/BTC pair still has potential for upside move. 6h indicators looking good.
146  Economy / Speculation / Re: Do you think the alt-coin crash is hurting bitcoin? on: March 20, 2014, 09:10:33 PM
The good alts won't go away. And in the next bitcoin bull run (if there's one) they will again provide greater return than bitcoin.

If a prolonged bear market develops in BTC, one could speculate that some alts will decouple and push in the opposite direction.

We never had a prolonged BTC bear market with serious alt competition.
147  Economy / Speculation / Re: Do you think the alt-coin crash is hurting bitcoin? on: March 20, 2014, 08:51:41 PM

It is as it is. Would a goldbug complain about silver, platinum, palladium?


No, but a goldbug would complain if there were over 100+ other shitty PM derivatives created in the lab that were all sucking $$$ away from those 4-5 main natural ones that exist.  Luckily for the goldbug, true PM alchemy doesn't exist... yet.  Wink

Even then investors in PMs would have to accept the fact. Noone would complain about facts - they tend to be there despite human wishful thinking.

EDIT: If true, that bitcoin has a superior design the "shitty" alts will go away. But this is not a fact right now, it is speculation time.
148  Economy / Speculation / Re: All these people claiming 1 BTC = 1 million+ on: March 20, 2014, 08:23:26 PM
Probably the same people who claimed $1 Bitcoin when Bitcoin was at $0.001...

0.001$ per BTC? Only saw this during alleged Mtgox-hack in 2011.

BTW a few months later we hit 1mil per BTC at Mtgox. So in that sense we were already there.
149  Economy / Speculation / Re: I AM HODLING on: March 20, 2014, 08:08:22 PM
Despite being a holder i decided to trade ltc/btc on last days bubble, i managed to bail out with a very very small haircut and some new pants to buy.
Not quite a pleasant experience as price was dropping quickly and everything lagging as hell. I was really lucky that price made a flash bump up to cover my sell order which was already left behind.

Never again. Hodl!

Never hodl again?

150  Economy / Speculation / Re: All these people claiming 1 BTC = 1 million+ on: March 20, 2014, 07:51:54 PM
Think about it. The marketcap for BTC to reach 1mm/BTC would mean massive mainstream adoption. Also, it would mean tons of random NEETs that happen to store a couple BTC suddendly join the 1% clique.
And, let's say hypothetically that 1 BTC reaches these ridiculous prices. What will be the purchasing power of 1 BTC? Wouldn't basically mean that the USD dollar devalued itself 1mmth times? Even if it went to 1mm/BTC, so what? you could only buy a cheese burge with it.

If BTC would reach the price of 1mil USD and if you would then only be able to buy a cheeseburger with it, there would have been no mainstream adoption.

Besides this I believe in 1mil USD per bitcoin, as I believe in unicorns.

151  Economy / Speculation / Re: Do you think the alt-coin crash is hurting bitcoin? on: March 20, 2014, 07:21:55 PM

Funny thing is, that even without alt-coins, you still have to trust the developpers, that they will never change the 21 million cap.


FFS! NO! You don't... If ANY dev changes the cap it's code is running a different coin in yet another (usually worthless) fork that won't be mined, relayed, used, by anyone.


One should never underestimate human error.
152  Economy / Speculation / Re: Do you think the alt-coin crash is hurting bitcoin? on: March 20, 2014, 07:14:06 PM
When I look over all the alt-coins at coinmarketcap.com (over 100+ and counting), I just feel sad.  If all that money that is invested in alts were added up and put into BTC instead, then bitcoin would have a much higher marketcap and much high price right now.

It is as it is. Would a goldbug complain about silver, platinum, palladium?




One of the core tenants of bitcoin being capped at 21mil is that "Some Government Mandarin cannot just whisk new coins into existence" as Patrick Byrne of Overstock.com was quoted as saying recently.  Well apparently he's wrong, as any idiot can just whisk a new alt-coin into existence, (...)

Funny thing is, that even without alt-coins, you still have to trust the developpers, that they will never change the 21 million cap.
153  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2014, 06:42:37 PM
Still bullish on Litecoin.
154  Economy / Speculation / Re: Why has Bitcoin been so stable in the last few weeks? on: March 20, 2014, 06:34:03 PM
Still bearish on bitcoin.

Would wait for 530$ and see what happens there. A breakout to 650 would turn me into a bull.
Canīt see this will happen any time soon.

Compare behaviour of 1d EMAs 7/30 with post bubble behaviour after the previous (266$) ATH.

155  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2014, 09:39:47 PM
What's a good entry point to buy LTC? Put buy orders at 17,5 but it's been dropping quite a bit

I wouldn't really buy it yet.. the Huobi hype is over, it will move now with Bitcoin again, and since Bitcoin is most probably going south, LTC will follow it, probably even more aggressive.

3d MACD is looking promising for the LTC/BTC pair. In my honestly biased and distorted opinion one could buy some LTC now.

3d MACD means absolutely nothing... it was news driven, or better said manipulated pump, of course TA would look good.

I am not going to argue here, just saying. We will see what happens.

BTW I feel sufficiantly tired and bored for today. So have a nice day you-all.
156  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2014, 09:31:58 PM
What's a good entry point to buy LTC? Put buy orders at 17,5 but it's been dropping quite a bit

I wouldn't really buy it yet.. the Huobi hype is over, it will move now with Bitcoin again, and since Bitcoin is most probably going south, LTC will follow it, probably even more aggressive.

3d MACD is looking promising for the LTC/BTC pair. In my honestly biased and distorted opinion one could buy some LTC now.
157  Economy / Speculation / Re: Why has Bitcoin been so stable in the last few weeks? on: March 19, 2014, 09:14:53 PM
I don't get this mentality. Why are you on this forum if you think this way?

The childboard is named "Speculation". Prices go up or down.

Is it that you are jealous that you are not one of the initial few who bought in early and made a fortune? Or is it that you are broke and can't afford to buy in now?

Projecting much?

1BTC = $600. How is that weak? Something that basically didn't exist 4 years ago is now worth $600.

Something lost around 50% of its value and has now no volume.
158  Economy / Speculation / Re: When does adoption begin to push up BTC price? on: March 19, 2014, 08:43:46 PM
It is speculation which drives the whole crypto environment. (...)

True, there is no such thing as a true value in bitcoin besides its speculative value. If there would be no exchanges, but only merchants and customers, they would have to argue (speculate) about the price for a product/service.

Merchants and customers would then look at other (bigger) merchants and customers, to which price they agreed to.

Merchants and customers would do the work of the exchanges, that is all. Problem with the value of bitcoin is, that it is highly volatile because noone can assure you, that it will be there tomorrow.
159  Economy / Speculation / Re: Why has Bitcoin been so stable in the last few weeks? on: March 19, 2014, 08:26:09 PM
Lately, Bitcoin has stabilized at about $610-615. I have buy orders at $599 and none of them triggered. Any idea what is causing this stabilization? Forget whether it is a good thing or not, what is causing it? Is it due to a change in volume? Less interest in Bitcoin in general? Any thoughts?

To me bitcoin is not looking stable, but weak.

So question should be: why is bitcoin so weak lately?

160  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2014, 08:15:09 PM

I never said XRP value would or should increase. I'm saying all in all Ripple system is = bitcoin+coloredcoin +ethereum in more efficient.

R.I.P. Ripple?
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