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Torque
Legendary
 Offline
Activity: 3822
Merit: 5504
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July 10, 2015, 10:53:19 AM |
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Bitcoin is trading oddly at the moment. Highly volatile in a narrow range.
We may be shedding last few bears and profit takers before the next move.
BTC-e doesn't want to bash through $270. But it keeps trying only to be taken back down to $263. And then it slowly repeats. Bitcoin is intentionally being suppressed, but in a unique way. The whales are busy pumping the litecoin market. Bitcoins are being sold to the whales in exchange for litecoins, so that noobs can play the litecoin rally. The whales are holding the bitcoin price fairly steady to make it seem unappealing and boring. The whales are also attacking the Bitcoin network with spam to continue to delay things. Once that is done and LTC maxes out, the whales will then take off the parking brake and Bitcoin will start to rally. The whales will mass dump their remaining litecoin for bitcoin. All the noobs will then rush in from LTC to BTC en masse, forcing the rally even higher. The world will then start reading about bitcoin in the media and join in the Bitcoin party.When that happens, Katy bar the door. Feels good to make an accurate prediction for a change...  |
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ChartBuddy
Legendary
Offline
Activity: 2884
Merit: 2483
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 10, 2015, 11:01:36 AM |
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LFC_Bitcoin
Diamond Hands
Legendary
Offline
Activity: 4242
Merit: 12768
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July 10, 2015, 11:05:08 AM |
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I haven't checked the price this morning until just now. Damn! Nice surprise.
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rjclarke2000
Legendary
Offline
Activity: 1358
Merit: 1016
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July 10, 2015, 11:06:33 AM |
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I haven't checked the price this morning until just now. Damn! Nice surprise.
Exactly what I thought. What a nice Friday treat! Exciting too. Litecoin money moved to btc? |
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LFC_Bitcoin
Diamond Hands
Legendary
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Activity: 4242
Merit: 12768
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July 10, 2015, 11:07:54 AM
Last edit: July 10, 2015, 11:48:59 AM by LFC_Bitcoin |
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I haven't checked the price this morning until just now. Damn! Nice surprise.
Exactly what I thought. What a nice Friday treat! Exciting too. Litecoin money moved to btc? I'm assuming that's exactly what's happened mate. We need to cross that psychological 300 barrier |
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chromosoma
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July 10, 2015, 11:15:47 AM |
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OMG, i am so glad I didnt purchase Litecoins yesterday...i was SOO close.
Now LTC, NMC,PPC are falling!!!
Can someone please expaine what happened?
What technique is it?=)
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aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
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July 10, 2015, 11:16:03 AM |
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u have to be kidding.. i cannot believe that.
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Lauda
Legendary
Offline
Activity: 2674
Merit: 3006
Terminated.
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July 10, 2015, 11:20:32 AM |
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I'm assuming that's exactly what's happened mate. We need to cross that psychological 300 barrier
FTFY. I however do not think that $300 is such a significant psychological barrier. Although we have already reached a important level. We have only been at $280+ back in March. If we reach $315 we will have a new high for the year. I think that it is quite possible. However, as someone stated the LTC market is not that big to make huge jumps in the price for Bitcoin. We have yet to see it crash and the money flowing back into Bitcoin. |
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Mayer Amschel
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July 10, 2015, 11:21:17 AM |
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OMG, i am so glad I didnt purchase Litecoins yesterday...i was SOO close.
Now LTC, NMC,PPC are falling!!!
Can someone please expaine what happened?
What technique is it?=)
Whales bought LTC, noobs got excited and jumped in LTC too (while whales accumulate BTC which was the 265-270 mark) Once LTC jumped (thanks to noobs) Whales dumped LTC and bought BTC to later dump their accumulated BTC. Simple. - Mayer Amschel |
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BitofaN1
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July 10, 2015, 11:23:11 AM |
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Bitcoin is trading oddly at the moment. Highly volatile in a narrow range.
Once that is done and LTC maxes out, the whales will then take off the parking brake and Bitcoin will start to rally. The whales will mass dump their remaining litecoin for bitcoin. All the noobs will then rush in from LTC to BTC en masse, forcing the rally even higher. The world will then start reading about bitcoin in the media and join in the Bitcoin party.
When that happens, Katy bar the door.
Feels good to make an accurate prediction for a change... Great call, Torque. |
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TaurusBit
Full Member
Offline
Activity: 183
Merit: 100
TaurusBit.com Administrator
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July 10, 2015, 11:32:13 AM |
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So this was kinda expected...  Fight for $300 now? |
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Omikifuse
Legendary
Offline
Activity: 1876
Merit: 1009
Inactive account
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July 10, 2015, 11:35:52 AM |
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Why instant $20? What did I miss? It screwed me in the speculation game  |
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BitofaN1
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July 10, 2015, 11:38:36 AM |
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That thin long needle on OK coin reached 2335 CNY (376.16 USD).Still 8k insane shorters on Finex didn't get margin called yet.
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BTCat
Legendary
Offline
Activity: 1960
Merit: 1010
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July 10, 2015, 11:42:28 AM |
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$260 remains an interesting price. We're building on top of the April 2013 high. I call below 260 within 48 hours.
24 hours remaining...  $260 never no more
Ok guys, I was wrong!
I hope that I was right |
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8up
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July 10, 2015, 11:47:57 AM |
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I'm assuming that's exactly what's happened mate. We need to cross that psychological 300 barrier
FTFY. I however do not think that $300 is such a significant psychological barrier. Although we have already reached a important level. We have only been at $280+ back in March. If we reach $315 we will have a new high for the year. I think that it is quite possible. However, as someone stated the LTC market is not that big to make huge jumps in the price for Bitcoin. We have yet to see it crash and the money flowing back into Bitcoin. 300 will be a non-event. As you have seen today @Huobi and @OkCoin - Bitcoin will cut through it like it is butter. |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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July 10, 2015, 11:48:34 AM |
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Anyone remember this happening just 6 months ago?  Last time BTC retracted and LTC mooned. I wonder if that will happen again. 1.00 XBT = 287.858 USD BITCOIN XBT trading at 11.99 SEC x 200 USD = 286. Unless that goes up I can't see BTC trading higher for long. |
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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July 10, 2015, 11:50:46 AM |
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So, I guess that party is over now, no?  |
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Calabi–Yau Manifold
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July 10, 2015, 11:54:38 AM |
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LTC is over It can be even 3-4$ without serious bulltrap lol. BTC is the real deal. Just hold, nothing more. Oh, maybe relax while holding?  |
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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July 10, 2015, 11:55:47 AM
Last edit: July 10, 2015, 12:07:12 PM by Sitarow |
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So, I guess that party is over now, no? BITCOIN XBT will push that party back right quick. I gather that they expected BTC to rocket. However they failed to realize the extent and volume of the traditional liquidity in the open market. I would not be surprised that the market maker will most likely not permit BTC to rise.   |
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