Yet another analyst :)

[ThickAsThieves]

Litecoin clearly topped on the 20th, and has been crashing. In fact, all the alt coins seem to have followed the same script. I think this is important - it means the speculative juices have maxxed out on those markets. Bitcoin is bigger and taking longer, but I fail to see why it won't eventually follow suit.

Another interesting thing that I've noticed is this tendency for people to claim that "bitcoin does well when bad things happen in the world". This same argument has been used for gold. And yet, so far, the charts tell the opposite story: bitcoin does well when stocks and general financial speculation are high (such as the high in 2011, which perfectly matched the high in the US small caps/large caps ratio), and goes down when speculative fever does. So far when the economy worsens, people want cash, and not gold or bitcoins.

Things could change for sure, but I'm just pointing out the hard, cold evidence thus far doesn't match the kinds of fundamental arguments I'm hearing based on past market activity. They sure sound good and logical on paper though, I won't argue with that

Litecoin is not that kind of indicator, since it's main purpose is to buy bitcoin. Litecoin cannot be stable unless bitcoin is stable. Also, litecoin value is highly manipulated by its whales.

[humanitee]

Litecoin clearly topped on the 20th, and has been crashing. In fact, all the alt coins seem to have followed the same script. I think this is important - it means the speculative juices have maxxed out on those markets. Bitcoin is bigger and taking longer, but I fail to see why it won't eventually follow suit.

Another interesting thing that I've noticed is this tendency for people to claim that "bitcoin does well when bad things happen in the world". This same argument has been used for gold. And yet, so far, the charts tell the opposite story: bitcoin does well when stocks and general financial speculation are high (such as the high in 2011, which perfectly matched the high in the US small caps/large caps ratio), and goes down when speculative fever does. So far when the economy worsens, people want cash, and not gold or bitcoins.

Things could change for sure, but I'm just pointing out the hard, cold evidence thus far doesn't match the kinds of fundamental arguments I'm hearing based on past market activity. They sure sound good and logical on paper though, I won't argue with that

You can't buy shit with Litecoin or any altcoin.
Bitcoin actually has an economy based around it (albeit, still somewhat fledgling).

[siulynot]

Litecoin clearly topped on the 20th, and has been crashing. In fact, all the alt coins seem to have followed the same script. I think this is important - it means the speculative juices have maxxed out on those markets. Bitcoin is bigger and taking longer, but I fail to see why it won't eventually follow suit.

Another interesting thing that I've noticed is this tendency for people to claim that "bitcoin does well when bad things happen in the world". This same argument has been used for gold. And yet, so far, the charts tell the opposite story: bitcoin does well when stocks and general financial speculation are high (such as the high in 2011, which perfectly matched the high in the US small caps/large caps ratio), and goes down when speculative fever does. So far when the economy worsens, people want cash, and not gold or bitcoins.

Things could change for sure, but I'm just pointing out the hard, cold evidence thus far doesn't match the kinds of fundamental arguments I'm hearing based on past market activity. They sure sound good and logical on paper though, I won't argue with that

You can't buy shit with Litecoin or any altcoin.
Bitcoin actually has an economy based around it (albeit, still somewhat fledgling).

An economy around it??? I thought bitcoins where used to sit on them until your ass hurt or until you are rich...

[humanitee]

An economy around it??? I thought bitcoins where used to sit on them until your ass hurt or until you are rich...

Fortunately the black market alone will find many uses for Bitcoin, even if the white market for some reason fails.

[siulynot]

An economy around it??? I thought bitcoins where used to sit on them until your ass hurt or until you are rich...

Fortunately the black market alone will find many uses for Bitcoin, even if the white market for some reason fails.

I wonder if the crack dealer in my hometown knows what bitcoin is... :/

[BitPirate]

Litecoin clearly topped on the 20th, and has been crashing. In fact, all the alt coins seem to have followed the same script. I think this is important - it means the speculative juices have maxxed out on those markets. Bitcoin is bigger and taking longer, but I fail to see why it won't eventually follow suit.

I disagree. When BTC is looking temporarily weak, speculators will turn to LTC, and vice versa. LTC is performing poorly because there are too many gains to be had in BTC right now, not due to overall speculator appetite.

[humanitee]

An economy around it??? I thought bitcoins where used to sit on them until your ass hurt or until you are rich...

Fortunately the black market alone will find many uses for Bitcoin, even if the white market for some reason fails.

I wonder if the crack dealer in my hometown knows what bitcoin is... :/

"You wanna buy some crack?"

"No I want to tell you about Bitcoin."

[BrightAnarchist]

Bubble bobble?

http://venturebeat.com/2013/03/21/crazy-or-crazy-smart-canadian-man-puts-grandparents-house-up-for-sale-for-bitcoins/

A 22-year-old currency trader is selling his grandparents’ house for as many Bitcoins as he can get his hands on.
Taylor More put the listing up for the family home (pictured above) in Alberta, Canada, several days ago. He told me that the property is worth about $395,000, according to a realtor appraisal.

[lucif]

Typical ponzi couch-investor. As rule, they used to stay without property and money at the end. Goof - its a fate.
 

Bubble bobble?

http://venturebeat.com/2013/03/21/crazy-or-crazy-smart-canadian-man-puts-grandparents-house-up-for-sale-for-bitcoins/

A 22-year-old currency trader is selling his grandparents’ house for as many Bitcoins as he can get his hands on.
Taylor More put the listing up for the family home (pictured above) in Alberta, Canada, several days ago. He told me that the property is worth about $395,000, according to a realtor appraisal.

[myself]

A 22-year-old currency trader

so he traded for 3 years max no ?

[siulynot]

Bubble bobble?

http://venturebeat.com/2013/03/21/crazy-or-crazy-smart-canadian-man-puts-grandparents-house-up-for-sale-for-bitcoins/

A 22-year-old currency trader is selling his grandparents’ house for as many Bitcoins as he can get his hands on.
Taylor More put the listing up for the family home (pictured above) in Alberta, Canada, several days ago. He told me that the property is worth about $395,000, according to a realtor appraisal.

Top Top TOP!

Troplolol!

[lucif]

Pinpoint accuracy   Lets see whats next. If bulls still in act ($47.89 should not be broken), futher upside could surprise even super-optimists.

[lucif]

Wave [3] must not be shortest wave in impulse hehe Basic EW rules.

[flipperfish]

Wave [3] must not be shortest wave in impulse hehe Basic EW rules.

What I always wanted to know about this rule: Which distance metric is applied? Is it only time, only price or euclidean distance of both?

[lucif]

It is measured by the absolute price distance.

[flipperfish]

Thanks, so Wave [3] should be pretty bullish then, no? 

[thefiniteidea]

Correct.

I would imagine we'd hit $100... probably by early next month.

[herzmeister]

A 22-year-old currency trader

so he traded for 3 years max no ?

well i started programming long before i was 18 

[lucif]

I was mostly in dissonance with wave 3 off 9.77 low learning price behavior. I hope i got resonance with price now.

[myself]

A 22-year-old currency trader

so he traded for 3 years max no ?

well i started programming long before i was 18 

u cant trade currencies before you are 18