Yet another analyst :)

[lebing]

At this point almost everyone thinks bitcoin is going down. For that reason alone, I wouldnt be surprised if it simply doesn't and flatlines for months/ years until the next hype cycle.

[derpinheimer]

At this point almost everyone thinks bitcoin is going down. For that reason alone, I wouldnt be surprised if it simply doesn't and flatlines for months/ years until the next hype cycle.

Everyone was saying we were going up on the run-up to 260, but of cou--

Oh wait.. that did happen.

[Viceroy]

LTC is a bullshit, not a silver. It is alive since it eats and utilize mining trash hardware abandoned by bitcoin network evolution.

It has value as a novelty gift item today, like an asciminer usb stick.  
I guess we need a silver asicminer usb stick with a hologram sticker.

Is there still time before Christmas?   

[samson]

LTC is a bullshit, not a silver. It is alive since it eats and utilize mining trash hardware abandoned by bitcoin network evolution.

It has value as a novelty gift item today, like an asciminer usb stick. 
We need a silver asicminer usb stick with a hologram. LOL

You can make money by trading them - that's good enough for me.

[Viceroy]

* Viceroy bows and takes his hat off to the wise

[Rampion]

LTC is a bullshit, not a silver. It is alive since it eats and utilize mining trash hardware abandoned by bitcoin network evolution.

It has value as a novelty gift item today, like an asciminer usb stick. 
We need a silver asicminer usb stick with a hologram. LOL

You can make money by trading them - that's good enough for me.

LTC/BTC went x10 since early March, when I bought in. It's a useless clone of Bitcoin, but it was very good to me as a speculative asset. Buying LTC in March was probably one of the best investments I ever did, if I did not buy lite coin now I would have much less BTC, I can guarantee you that.

That said, as soon Gox announces an official and concrete ETA I will dump 90% of my remaining holdings (which are aprox. 30% of the initial amount I had), and I will dump it for good. I will just keep a few hundreds for the lulz.

[myself]

LTC/BTC went x10 since early March, when I bought in. It's a useless clone of Bitcoin, but it was very good to me as a speculative asset. Buying LTC in March was probably one of the best investments I ever did, if I did not buy lite coin now I would have much less BTC, I can guarantee you that.

That said, as soon Gox announces an official and concrete ETA I will dump 90% of my remaining holdings (which are aprox. 30% of the initial amount I had), and I will dump it for good. I will just keep a few hundreds for the lulz.

and u are going to regret that

[legitnick]

This thread has some great information in it, thanks a lot!

[Lohoris]

If I am wrong, educate me: Isn't it irrelevant whether it's one hour and 6 confirmations or one hour and 6000 confirmations with regard to security?

+1

[Jaroslaw]

this is my favorite topic, donate soon

[Rampion]

LTC/BTC went x10 since early March, when I bought in. It's a useless clone of Bitcoin, but it was very good to me as a speculative asset. Buying LTC in March was probably one of the best investments I ever did, if I did not buy lite coin now I would have much less BTC, I can guarantee you that.

That said, as soon Gox announces an official and concrete ETA I will dump 90% of my remaining holdings (which are aprox. 30% of the initial amount I had), and I will dump it for good. I will just keep a few hundreds for the lulz.

and u are going to regret that

Don't think so. Everybody is loading up while waiting for Gox to accept it like it was Jesus coming to visit you, so as soon as it hits Gox there will be some serious dumping by people who bought at 0.002 and below. I will dump on btc-e just before it hits Gox.

[Lohoris]

Don't think so. Everybody is loading up while waiting for Gox to accept it just Jesus is coming to visit you, so as soon as it hits Gox there will be some serious dumping by people who bought at 0.002 and below. I will dump on btc-e just before it hits Gox.

Did you set yourself a time limit for that?

[Rampion]

Don't think so. Everybody is loading up while waiting for Gox to accept it just Jesus is coming to visit you, so as soon as it hits Gox there will be some serious dumping by people who bought at 0.002 and below. I will dump on btc-e just before it hits Gox.

Did you set yourself a time limit for that?

No. I already sold 70% of my LTC holdings between 0.019 and 0.025, and I'm happy with the profit I got. The remaining 30% I keep for the day before it hits Gox,  except for a minimum amount  (200/300 LTC) that I will hold long term, just because LTC was good to me and you never know what can happen long term.

[Viceroy]

I heard a moron say it's going to $10,000!   

https://bitcointalk.org/index.php?topic=245816.0

[siulynot]

"Declining C waves are usually devastating in their destruction. They are third waves and have most of the properties of third waves. It is during these declines that there is virtually no place to hide except cash. The illusions held throughout waves A and B tend to evaporate, and fear takes over. C waves are persistent and broad."

Robert Prechter

[Viceroy]

Anybody ever ask him what he thinks of Bitcoin?




While Prechter has his admirers, he has been criticized by media and pundits for his long term record. For example, The Wall Street Journal ran a page one article in August 1993 with the headline, "Robert Prechter sees his 3600 on the Dow – But 6 years late," in reference to Prechter's 1987 forecast for the Dow Jones Industrial Average.[32] Technical analyst David Aronson wrote:

The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.[33]


edit at post 2475: the above was stolen from wikipedia

[siulynot]

Anybody ever ask him what he thinks of Bitcoin?




While Prechter has his admirers, he has been criticized by media and pundits for his long term record. For example, The Wall Street Journal ran a page one article in August 1993 with the headline, "Robert Prechter sees his 3600 on the Dow – But 6 years late," in reference to Prechter's 1987 forecast for the Dow Jones Industrial Average.[32] Technical analyst David Aronson wrote:

The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.[33]

Its a fractal theory, thats why it apply to any movement. I dont know if it is wrong or right, but it has worked for me.

[samurai1200]

The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations.

I like this. EWP is the astrology of economics!

[molecular]

LTC is a bullshit, not a silver. It is alive since it eats and utilize mining trash hardware abandoned by bitcoin network evolution.

It has value as a novelty gift item today, like an asciminer usb stick. 
We need a silver asicminer usb stick with a hologram. LOL

You can make money by trading them - that's good enough for me.

So for many, it's no different than bitcoin.

[Viceroy]

So for many, it's no different than bitcoin.

I don't know, my read about Elliot Waves hints that you can take line and apply it to any two points and come up with a line.  That doesn't seem very scientific.  But I can apply science to bitcoin.  I can ask people what they think and then plot the results as I have done in this thread about bitcoin going to $10,000.   

https://bitcointalk.org/index.php?topic=245816.0

The early results are shocking.  I'm sure you bears feel differently.  Come take my poll so we can more accurately predict the future price of bitcoin.