Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[BlackSpidy]

They will find out the hard way.  Most likely a dump will happen after halving. 

Yeah, I've been thinking for a few days "this just has to come down at some point" when looking at the LTC price. I got 2 lucky trades in, getting a minuscule boost to my BTC stash, and I'm waiting to see how far it goes. If I had to guess, I'd say it goes to $5, maybe $6 tops. Then whatever happens after its halving happens. I got 0.06 LTC I'm holding on to just in case. I'm waiting for the LTC price to go to BTC0.02 to trade it in, if it doesnt reach that, I guess I'm letting it ride. We'll see in about 50 days.

[Cconvert2G36]

They will find out the hard way.  Most likely a dump will happen after halving. 

Yeah, I've been thinking for a few days "this just has to come down at some point" when looking at the LTC price. I got 2 lucky trades in, getting a minuscule boost to my BTC stash, and I'm waiting to see how far it goes. If I had to guess, I'd say it goes to $5, maybe $6 tops. Then whatever happens after its halving happens. I got 0.06 LTC I'm holding on to just in case. I'm waiting for the LTC price to go to BTC0.02 to trade it in, if it doesnt reach that, I guess I'm letting it ride. We'll see in about 50 days.

Whoa brother, remember, only what you can afford to loose. 

[doyourduty]

Woooo watching this 272 wall get chewed through.   

[BlackSpidy]

Whoa brother, remember, only what you can afford to loose. 

Don't worry. My brother and I have a loan/repay cycle that we're both pretty comfortable with. I'm sure he can cover me while I get back to my feet if this backfires.

[ssmc2]

300 by tomorrow?

[monbux]

That Litecoin pump was pretty predictable.. People are actually interested in crypto's but bitcoin is just to expensive..

just buy half a bitcoin.

This.  I still don't know why the litecoin pump is still going on, I expected it to crash after the $4.75 USD mark... any idea how long it'll go?  Not even sure why they are trying to pump litecoin... is the sole reason why they are buying LTC instead of BTC just that LTC is cheaper?

[shmadz]

That Litecoin pump was pretty predictable.. People are actually interested in crypto's but bitcoin is just to expensive..

just buy half a bitcoin.

This.  I still don't know why the litecoin pump is still going on, I expected it to crash after the $4.75 USD mark... any idea how long it'll go?  Not even sure why they are trying to pump litecoin... is the sole reason why they are buying LTC instead of BTC just that LTC is cheaper?

People bailing into litecoin because it's not about to be ruined by Gavin. 

[findftp]

Chinese gov is pumping LTC with overstock USD to switch then back for BTC later.
They don't care about LTC bag holders

[Morecoin Freeman]

Does anyone else see a lot of room for excessive profit taking?

[ssmc2]

Wait til this LTC bubble pops. All those profits are going to be put back into BTC, then the real fun begins.

[BlackSpidy]

Chinese gov is pumping LTC with overstock USD to switch then back for BTC later.
They don't care about LTC bag holders

No reason to hate on LTC just because those who had the balls to hodl it TRIPLED their wealth IN JUST THE PAST MONTH.  Not every crypto has to be a disappointment, you know

I remember I dismissed it as a dead crypto back in March, when I exchanged some bitcoin to it, and then changed back at a loss about a week after. Now look at it, revived (more or less). Bitcoin and Litecoin have at a positive-thinking feedback loop "just wait and see what Bitcoin's halving will do" a little voice in the back of my head says. "Wait and see". It might be the reason for me to leap into the job's market, just s I can buy some cheap sub-$400 BTC.

[albert73]

Chinese gov is pumping LTC with overstock USD to switch then back for BTC later.
They don't care about LTC bag holders

No reason to hate on LTC just because those who had the balls to hodl it TRIPLED their wealth IN JUST THE PAST MONTH.  Not every crypto has to be a disappointment, you know

I remember I dismissed it as a dead crypto back in March, when I exchanged some bitcoin to it, and then changed back at a loss about a week after. Now look at it, revived (more or less). Bitcoin and Litecoin have at a positive-thinking feedback loop "just wait and see what Bitcoin's halving will do" a little voice in the back of my head says. "Wait and see". It might be the reason for me to leap into the job's market, just s I can buy some cheap sub-$400 BTC.

I remember a thread about how litecoin was dead saying it would soon be below a dollar. In retrospect I suspect the OP started it to try and drive the price down as low as he could get it so he could stock up on cheap litecoins right at the bottom. Next time I see a thread like that I'm buying, not selling.

[hZti]

But there are 100+ threads about LTC prices over 50USD or even more, will you sell again if you see one of these threads

[BlackSpidy]

I remember a thread about how litecoin was dead saying it would soon be below a dollar. In retrospect I suspect the OP started it to try and drive the price down as low as he could get it so he could stock up on cheap litecoins right at the bottom. Next time I see a thread like that I'm buying, not selling.

Always be sure to do your own analysis rather than base what you do on what other people say. I decided to get into bitcoin sometime February because I was convinced that we had seen the bottom, followed by a dead cat bounce. I thought to myself "put in a bit of cash into this, maybe it pays off". It's definitely paid off, with knowledge alone. Now I know that not only it has paid off in personal growth, but with monetary profit as well. For that, I am forever grateful to whoever "Satoshi" is.

[Cconvert2G36]

You can pump LTC 5% with about $60k. Do the same with BTC and no one will notice. Also, you try to cash out huge gains for significant sums, you slip right down.

Fun tool for multiplying(or dividing) nickels and dimes tho.

[albert73]

You can pump LTC 5% with about $60k. Do the same with BTC and no one will notice. Also, you try to cash out huge gains for significant sums, you slip right down.

Fun tool for multiplying(or dividing) nickels and dimes tho.

I notice the market is much thinner than Bitcoin's, and the price can rise or crash very fast. It's a much bigger gamble than Bitcoin, you might double your money or lose half very quickly. Once you have bought in getting back out is much harder when it's crashing.

[ChartBuddy]

Coin
Explanation

[BlackSpidy]

You can pump LTC 5% with about $60k. Do the same with BTC and no one will notice. Also, you try to cash out huge gains for significant sums, you slip right down.

Why would you want to cash out of an asset that's preforming as well as LTC (price tripled over the past month)?
I mean, ya, sure, you held BTC while it did the exact opposite (albeit over a year and a half), so points for intrinsic consistency, but still...

You sure it aint just plain old jealousy?  Hate to see the other fellow win big while you ...is there a polite word for "opposite of win big"?

Bitcoin quintupled (wow, that's actually a word? typing it, I thought it wouldnt be) in a month (from about $200 in October 28th of 2013 to $1000+ by November 28th of the same year), before this "opposite of win big" bitcoin went through. Would it have been wise to cash out $600 dollar bitcoins November 20th? I would say "yes". If someone holding LTC from sometime between January and May cashes out now, it's a wise idea.

[Cconvert2G36]

You can pump LTC 5% with about $60k. Do the same with BTC and no one will notice. Also, you try to cash out huge gains for significant sums, you slip right down.

Why would you want to cash out of an asset that's preforming as well as LTC (price tripled over the past month)?
I mean, ya, sure, you held BTC while it did the exact opposite (albeit over a year and a half), so points for intrinsic consistency, but still...

You sure it aint just plain old jealousy?  Hate to see the other fellow win big while you ...is there a polite word for "opposite of win big"?

Unsurprisingly, there was only one thing to do with GPU rigs when fpga and asic took over. Thus many bitcoiners have also dabbled in litecoins. And there were many levels much higher than $5 to sell your LTC.

As there have been many better times to sell some BTC, and many better times to buy.

Hindsight is fun, but sometimes bereft of absolute utility.

The server has seemed troubled since its last "episode".

[spike420211]

269, up from 235 about 2.5 weeks ago...

dammit, slow down, guyz.
Yer spookin my NLHE customers @ Betcoin.