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

[bytezero]

Don't wake me up until $300 please!!!

[cyclotronmajesty]

Nah not gonna sell my LTC.

I actually did get out of LTC till about 7 something the bought again at 7.77 i think.

Then Bought at 5.517 with some reserves.

It was all good fun. Yall can keep the money. Ill keep the LTC.

Don't party too hard, may not be good for your health. And you might scratch that new supercar!

Seriously I know I'm trading with the devil here. Yall can gloat till hell freezes over. Hah.

And if maybe you're an honest good natured person and made some money... I'm happy for u.

[Torque]

Nah not gonna sell my LTC.

I actually did get out of LTC till about 7 something the bought again at 7.77 i think.

Then Bought at 5.517 with some reserves.

It was all good fun. Yall can keep the money. Ill keep the LTC.

Don't party too hard, may not be good for your health. And you might scratch that new supercar!

Seriously I know I'm trading with the devil here. Yall can gloat till hell freezes over. Hah.

And if maybe you're an honest good natured person and made some money... I'm happy for u.

Sorry, not gloating at all.  Hell, LTC could easily bounce upward from here.  And we all know it can rise with BTC price as well.  I'm sure one day LTC will see a new ATH.

Not dogging on LTC either, I've been a supporter along with BTC for years.  Would likely buy it again if the price is right, or just feel like it one day.  I still have about 40 LTC left over in my wallet.

[rebuilder]

Holy mother of god! What happened while I was sleeping?  I haven't seen a sudden spike like that since the olden days. What's going on, insider knowledge? Is there going to be some big news soon?

Nothing happend.
Someone pumped LTC with a ponzi to 8$ and traded all LTC for BTC.

Increased demand for BTC short term.

Just basic trading rules.

Makes little sense. Like Elwar said:

The Litecoin market is not big enough to push Bitcoin up $15 by dropping Litecoin by $2.

[TerraMaster]

Well well, nice to wake up and see 283.9  

[tomothy]

For once in my life, I finally made a great trade.

In my portfolio I had 3000 LTC from all the way back to 2013, was going to hodl it until LTC hit $100 (yeah I know, so pretty much forever).

Made the decision to trade it all for BTC the day before yesterday at ~$5.5.  Got around 60 BTC for it.

Then watched LTC climb higher the following day.  For a brief sec, felt a little irritated.  But then made peace with my decision.  My goal was always to try and get more BTC, and I did.

Woke up this morning, and felt even better about my decision.  

Of course, these lucky breaks never come very often for me...

What are your thoughts on a re-entry point? I had a similar move as you just on a much smaller scale! I'm figuring we go sideways for a bit and btc starts to rise some more?

[Fatman3001]

Nah not gonna sell my LTC.

I actually did get out of LTC till about 7 something the bought again at 7.77 i think.

Then Bought at 5.517 with some reserves.

It was all good fun. Yall can keep the money. Ill keep the LTC.

Don't party too hard, may not be good for your health. And you might scratch that new supercar!

Seriously I know I'm trading with the devil here. Yall can gloat till hell freezes over. Hah.

And if maybe you're an honest good natured person and made some money... I'm happy for u.

You can't trade litecoin without stops. At least put one in now.

[Sitarow]

[_javi_]

on the move again...

[gentlemand]

What are your thoughts on a re-entry point? I had a similar move as you just on a much smaller scale! I'm figuring we go sideways for a bit and btc starts to rise some more?

If I were him I wouldn't be bothering with reentering at all. That was a sweet trade.

[Torque]

For once in my life, I finally made a great trade.

In my portfolio I had 3000 LTC from all the way back to 2013, was going to hodl it until LTC hit $100 (yeah I know, so pretty much forever).

Made the decision to trade it all for BTC the day before yesterday at ~$5.5.  Got around 60 BTC for it.

Then watched LTC climb higher the following day.  For a brief sec, felt a little irritated.  But then made peace with my decision.  My goal was always to try and get more BTC, and I did.

Woke up this morning, and felt even better about my decision.  

Of course, these lucky breaks never come very often for me...

What are your thoughts on a re-entry point? I had a similar move as you just on a much smaller scale! I'm figuring we go sideways for a bit and btc starts to rise some more?

I believe that a ton of automated trading bots tie the trading of both Bitcoin and Litecoin together in some way, in a way that is very difficult to overcome without an extreme amount of whale manipulation (like we've seen in the last week or so).  So a Bitcoin rise should typically drag Litecoin along with it, unless there is a extreme amount of selling pressure in the Litecoin world.

TL;DR - LTC should continue to climb along with BTC, unless LTC selling pressure overcomes the rise.

As far as re-entry into LTC, I'm currently holding off for now until I see what's what.  That's not trading advice btw, so YMMV.

[BitofaN1]

Not to shit on everyone's parade, but we only have 5k support to 258(finex).Keep your eyes on the charts.

[Fatman3001]

Not to shit on everyone's parade, but we only have 5k support to 258(finex).Keep your eyes on the charts.

I'm not worried

[bytezero]

Huobi has gone crazy
Chineses and many countries still want to keep their wealth offshore and out of the hands of banks and governments

[ChartBuddy]

Coin
Explanation

[cyclotronmajesty]

Nah not gonna sell my LTC.

I actually did get out of LTC till about 7 something the bought again at 7.77 i think.

Then Bought at 5.517 with some reserves.

It was all good fun. Yall can keep the money. Ill keep the LTC.

Don't party too hard, may not be good for your health. And you might scratch that new supercar!

Seriously I know I'm trading with the devil here. Yall can gloat till hell freezes over. Hah.

And if maybe you're an honest good natured person and made some money... I'm happy for u.

You can't trade litecoin without stops. At least put one in now.

Hah. I tried puting one on but it sold within 5 minutes. It was a .09 trailing stop.

Then I tried a .20 trailing stop. It sold within 3 minutes.

I figures I could not afford LTC without risking all of it.

[monbux]

Not to shit on everyone's parade, but we only have 5k support to 258(finex).Keep your eyes on the charts.

Woke up today and saw bitcoin at 285, got mad since I spent over 3 bitcoin for purchasing items valued in USD just yesterday.

Seems like they really want to stop the dump this time, its moving back and forth like crazy...

[Elwar]

Not to shit on everyone's parade, but we only have 5k support to 258(finex).Keep your eyes on the charts.

Woke up today and saw bitcoin at 285, got mad since I spent over 3 bitcoin for purchasing items valued in USD just yesterday.

Seems like they really want to stop the dump this time, its moving back and forth like crazy...

I don't worry about spending bitcoins.

Would you have felt better if you had spent dollars on those items instead?

Those same dollars that could have been used to buy bitcoins before the price went up...

[Fatman3001]

Nah not gonna sell my LTC.

I actually did get out of LTC till about 7 something the bought again at 7.77 i think.

Then Bought at 5.517 with some reserves.

It was all good fun. Yall can keep the money. Ill keep the LTC.

Don't party too hard, may not be good for your health. And you might scratch that new supercar!

Seriously I know I'm trading with the devil here. Yall can gloat till hell freezes over. Hah.

And if maybe you're an honest good natured person and made some money... I'm happy for u.

You can't trade litecoin without stops. At least put one in now.

Hah. I tried puting one on but it sold within 5 minutes. It was a .09 trailing stop.

Then I tried a .20 trailing stop. It sold within 3 minutes.

I figures I could not afford LTC without risking all of it.

lol!

I will butt out. I still think LTC will move up some more. I just don't know how far down it will go before that happens.

[Mervyn_Pumpkinhead]

This litecoin rise won't break anytime soon. Couple of other interesting btc-e coins will see even bigger gains in the close future.
This was all predictable if you knew more then to buy one type of coin and then just sit on your ass, trying to pray for success.

 

Most inexperienced traders don't know that you should actually fear slow declines more. Fast drops like this are mainly meant for one thing - to create panic that will force the weak minded folks to sell. What you're witnessing here is a bear trap that is traditional in the initial phase of a bubble. What makes it funny is that bitcoin was actually used only a tool to shake off more potential coins from weak hands.
These shakes are quite entertaining and you can win a nice sum with 1h trading if you keep your head cool.