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162
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Economy / Speculation / Re: Bitcoin down Litecoin UP 2014
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on: March 19, 2014, 07:55:20 PM
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@Zapffe @windjc: thanks for quoting my post, which got deleted for whatever reason. So can anybody tell me, why my post got deleted? Is talking about communism a thoughtcrime nowadays? If so, it was not me who started this.
eiskalt, it's like with the bitcoin community. Talking about evil banksters and how bitcoin would bring liberty to finance. But, what everyone really wants, is for everyone to pump wealth into their coins, so they would get rich without any work or education. If bitcoin were about freedom, not greed, then the new coin supply wouldn't have been built in a way where half of the coins will come out in 5 years, and the rest for the next 120 years. The design was made like that on purpose, to build a strong starting momentum and attract people with greed. The sad thing is that the growth will slow down together with coin supply, because people aren't this stupid to pump wealth into the hands of the "early adopters". People are smart enough to build alternatives that doesn't have this pack of leeches dragging everyone else down.
I agree, talking about evil banksters is missing the point about the cause of the social and economic problems we are facing on a global scale. Regarding the motivation, why one decides to get involved with BTC, LTC or other cryptocurrencies, I would like to add, that it is not necessarily greed (alone), but also fear. I also agree with your criticism about supply and distribution of coins. But even in societies where capital and values are most equally spread, there will always be a difference. The problem with distribution inequality is not categorical but rather gradual. In that sense, Litecoin seems (at least) to address this. |
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163
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Economy / Speculation / Re: Bitcoin down Litecoin UP 2014
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on: March 18, 2014, 12:36:01 PM
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What do you expect will happen, when huobi starts trading Litecoin? I would expect a short and sharp decline back to around 0.0200 for the LTC/BTC pair.
Any argument for that? Because there is no logic in that... ltc demand will only grow with huobi trading volume - bigger demand=bigger price. I expext a spike to the 0.05. Lots off ltc will be moved on chinies exchanges now. (...) As I said, the indicators for LTC/BTC and LTC/USD are looking pretty overbought ATM. And when huobi starts litecoin trading, it would be a perfect timing for the indicators to come down. In 2013 bitcoin appreciated 100 fold - litecoin appreciated (only) 40 fold. For 2014 I see litecoin outperform bitcoin. Litecoin out preformed bit in 2013 , it went up 33000% You are right here; shouldn´t have mentioned 2013 at all. I took the data for litecoin only since it was traded at relevant exchanges (around may 2013). But one could argue with overall price appreciation since inception (with inception meaning the coin is available at exchanges). Bitcoin has risen from 0.06$ to 1200$ = 20,000 fold Litecoin has risen from 0.07$ to 48$ = 685 fold Of course I would never argue that way... |
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164
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Economy / Speculation / Re: Bitcoin down Litecoin UP 2014
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on: March 17, 2014, 11:09:15 PM
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What do you expect will happen, when huobi starts trading Litecoin? I would expect a short and sharp decline back to around 0.0200 for the LTC/BTC pair.
Any argument for that? Because there is no logic in that... ltc demand will only grow with huobi trading volume - bigger demand=bigger price. I expext a spike to the 0.05. Lots off ltc will be moved on chinies exchanges now. (...) As I said, the indicators for LTC/BTC and LTC/USD are looking pretty overbought ATM. And when huobi starts litecoin trading, it would be a perfect timing for the indicators to come down. In 2013 bitcoin appreciated 100 fold - litecoin appreciated (only) 40 fold. For 2014 I see litecoin outperform bitcoin. |
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167
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Economy / Speculation / Re: Bitcoin down Litecoin UP 2014
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on: March 17, 2014, 10:28:02 PM
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The indicators for LTC/BTC at BTC-e are looking pretty overbought at the moment.
Nevertheless Litecoin is showing strength at the moving averages (LTC/BTC and LTC/USD). While on the contrary bitcoin (BTC/USD) is looking weak there.
I also expect LTC/BTC to appreciate in 2014. I think LTC/BTC=1.00 is possible.
What do you expect will happen, when huobi starts trading Litecoin? I would expect a short and sharp decline back to around 0.0200 for the LTC/BTC pair.
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171
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Economy / Speculation / Re: I AM HODLING
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on: January 31, 2014, 07:06:15 PM
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You can't be tempted when you have no private keys
But maybe I would rather be a "Lesbo-persian-bombshell" |
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172
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Economy / Speculation / Re: I AM HODLING
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on: January 31, 2014, 06:58:54 PM
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I am struggling as to whether buying is part of the hodling lifestyle.
May I suggest the following whitepaper I developed over the course of last year. It describes 4 levels of HODL and determines, what you are required/allowed to do on each level, concerning teh art of HODL. 1. Level0: REQUIRED: Nothing ALLOWED: You may download the blockchain and study the official client´s source code. 2. Level1: REQUIRED: Byeing and/or mining BTC ALLOWED: Byeing and/or mining BTC, Dotaning: 70% of HODL 3. Level2: REQUIRED: Drop mining, stop byeing, Destroy 30% of privatekeys ALLOWED: Dotaining: 20% of HODL 5. Level4: REQUIRED: Destroy 100% of privatekeys ALLOWED: Everything 6. GOTO1 Note: *Trading not allowed on all levels **Byeing only, but preferably high can be refered to stakcing ***Breaking the rules requires you to sign your posts with the special note "lesbo-persian-bombshell-here" Destroy privatekeys, excelent idea  , thanks bitpop +1 next time a bear came with their bla bla bla .. I can tell Yep, I will sell my whole wallet.. unfortunately there is one lite problem ... lol Thank you, I am level IV! All private keys destroyed or coins sent to black hole After implementing these rules, I will be tempted to break them right away ... |
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174
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Economy / Speculation / Re: I AM HODLING
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on: January 30, 2014, 07:40:25 PM
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I am struggling as to whether buying is part of the hodling lifestyle.
May I suggest the following whitepaper I developed over the course of last year. It describes 4 levels of HODL and determines, what you are required/allowed to do on each level, concerning teh art of HODL. 1. Level0: REQUIRED: Nothing ALLOWED: You may download the blockchain and study the official client´s source code. 2. Level1: REQUIRED: Byeing and/or mining BTC ALLOWED: Byeing and/or mining BTC, Dotaning: 70% of HODL 3. Level2: REQUIRED: Drop mining, stop byeing, Destroy 30% of privatekeys ALLOWED: Dotaining: 20% of HODL 5. Level4: REQUIRED: Destroy 100% of privatekeys ALLOWED: Everything 6. GOTO1 Note: *Trading not allowed on all levels **Byeing only, but preferably high can be refered to stakcing ***Breaking the rules requires you to sign your posts with the special note "lesbo-persian-bombshell-here" |
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175
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Economy / Speculation / Re: Obvious TA is obvious
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on: January 30, 2014, 06:37:07 PM
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What? volume determines direction? what?
low volume determines a stand off. neither bulls or bears have come to agree. low volume is concluded with rapid moves in either direction.
the trend is up.......
 Is it obvious now? |
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177
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Economy / Speculation / Re: Obvious TA is obvious
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on: January 29, 2014, 07:13:18 PM
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Obvious TA is obvious. Confirmed news is confirmed. Bitcoin is obviously heading down in the short/mid-term.
Someone's trying really hard to keep the price where it is. Obvious price manipulation is obvious. What happens when this whale decides it's not worth the effort?
No answer needed, because obvious. |
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178
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Economy / Speculation / Re: I AM HODLING
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on: January 29, 2014, 07:00:57 PM
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You must do penance! Donate 1 btc of your devil profits immediately.
What??ß Dotaning allowed, but not stakcing??ß Thought it is about HODLING here. |
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179
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Economy / Speculation / Re: Obvious TA is obvious
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on: January 29, 2014, 06:57:12 PM
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According to this extrapolation we should start heading to Mars pretty soon now.
Please, volume determins direction. Bitcoin is heading towards a black hole, and it is a really very very black one. Let me guess, you're looking at (a) raw BTC volume and (b) on mtgox. Am I right? I know I'm right  Sure you are, and in which direction is it obviously heading? Thought this is an obvious TA thread. |
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180
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Economy / Speculation / Re: Obvious TA is obvious
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on: January 29, 2014, 06:42:58 PM
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According to this extrapolation we should start heading to Mars pretty soon now.
Please, volume determins direction. Bitcoin is heading towards a black hole, and it is a really very very black one. |
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