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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26371114 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
phoenix1
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July 09, 2015, 10:43:50 PM

Holy Moly! Are you one of those americans who dare call yourself a socialist/social democrat or do you use that retard lingo like liberal or progressive and so on?

No, I'm English, and I reject all labels !! Ain't no box you can put me in  Wink
I am just not in favour of rape and pillage wherever it occurs ... call me old-fashioned if you like!
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Fatman3001
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July 09, 2015, 10:53:02 PM

Holy Moly! Are you one of those americans who dare call yourself a socialist/social democrat or do you use that retard lingo like liberal or progressive and so on?

No, I'm English, and I reject all labels !! Ain't no box you can put me in  Wink
I am just not in favour of rape and pillage wherever it occurs ... call me old-fashioned if you like!

Damn, I was sure you were american.
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July 09, 2015, 10:53:44 PM

Comparison between Gold and Bitcoin, Bullish ?

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July 09, 2015, 10:56:13 PM

I think Bitcoin is strongly Bullish but atm all the money flows to LTC just because its an easy win, if this market cools down BTC will rise. But I would prefer a slower and more steady rise than with last bubbles.
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July 09, 2015, 11:02:16 PM

Coin
Explanation
eerygarden
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July 09, 2015, 11:08:34 PM

Comparison between Gold and Bitcoin, Bullish ?



Are you anticipating  bitcoin to follow suit? Have you positioned yourself to take profit if it does?
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July 09, 2015, 11:14:27 PM

it's bullish af..
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July 09, 2015, 11:14:57 PM

Yes, btc is boring. I wonder if it is already too late to get on LTC train?

BTW, the DOGED coin looks promising too...
phoenix1
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July 09, 2015, 11:33:55 PM

Holy Moly! Are you one of those americans who dare call yourself a socialist/social democrat or do you use that retard lingo like liberal or progressive and so on?

No, I'm English, and I reject all labels !! Ain't no box you can put me in  Wink
I am just not in favour of rape and pillage wherever it occurs ... call me old-fashioned if you like!

Damn, I was sure you were american.

Do I really talk that much sh*t ?  Cheesy  (no need to reply)
I've got an American friend I Skype with a lot - perhaps he is indoctrinating me into something with one of your labels ...
alesx.onfire
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July 09, 2015, 11:51:11 PM

who cares? Cheesy

carpe diem, it's a good time to buy, tomorrow you will be rich
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July 09, 2015, 11:56:01 PM

By the looks of the dumpage going on there, it's not that hard to transfer money in and out of BTC-e as some anticipated.
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July 10, 2015, 12:02:50 AM

Coin
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Mrpumperitis
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July 10, 2015, 12:18:02 AM

ltc dumpin hard...watch out
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July 10, 2015, 12:24:04 AM

ltc dumpin hard...watch out

Not really, just a blip, it's climbing again now.
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July 10, 2015, 12:42:32 AM

Where will it end?  Shocked
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July 10, 2015, 01:02:45 AM

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July 10, 2015, 01:16:38 AM

...
I tried shorting litecoin, but not lately. Every time I exited with a tiny loss, just before a pump.
So I think it's still risky, I will only short it if I get the timing right, before the huge red dildo (that will surely happen).
yes, it's a risky business but somebody still has to do it.
I dont mind if others arent at it, that means just more money for me.

I wonder what happened with tarmi's litecoin shorting, in the 4 days since he posted this the price doubled.
While I did pull a few hairs for missing out on this incredible pump, I sure didn't try to short the chickun. Cheesy


You don't need to wonder, just look at his post history, tarmi never loses a trade.

Here's what likely happened...
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July 10, 2015, 02:03:44 AM

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shmadz
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July 10, 2015, 02:12:53 AM

Fucking Litecoin's stealing our thunder

Here's a thought, I think there is a significant difference between bitcoin and litecoin miners. (random crazy thoughts courtesy of searing from when he said he was making around 500 litecoin per month with his titans. But he's not selling any... while I was only making around 3 btc per month burning about 5000 watts with my Neptunes)

I bought the same deal he did, when originally offered by knc, but I stuck with the Neptune (bitcoin miner) plus the bonus one instead of taking the option of receiving a titan (script miner) like searing did.

Setting aside the decisions of the past, one thing did strike me. Most bitcoin miners sell most of what they mine. I don't think there's any way to keep a large mining operation running if you don't.

Most litecoin miners - or at least a significant portion - are like searing I suspect. The market for scrypt Asics was much smaller than the bitcoin ones and the scrypt miners seem to have less electrical overhead and seem to be more hobbyists who are hoarding rather than selling...

It's just a thought, but there is definitely a different dynamic between bitcoin and litecoin miners. If the distribution of litecoin mining hardware remains more decentralized as the total scrypt hashrate continues to rise, one could even imagine a point where litecoin becomes even more secure against attacks from centralized effects than bitcoin.

I don't know what will happen (nobody does) but if you were to follow this theory to it's conclusion, litecoin should reach at bare minimum a 1/4 valuation to bitcoin, and could conceivably reach parity or surpass bitcoin. (This scenario would require several devs to abandon bitcoin and move to litecoin... doubtful, but not impossible)
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July 10, 2015, 02:15:28 AM

Yes, btc is boring. I wonder if it is already too late to get on LTC train?

BTW, the DOGED coin looks promising too...

The Litecoin bubble has been pretty fun. Might still double, but frankly it's in danger territory. The China volume needs to keep growing to sustain momentum, and it's already higher than ever (the optics of China notwithstanding). Next move for me, buy the flashcrash and sell the bounce.
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