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

[deepcolderwallet]

I definitely think Litecoin is still going nowhere, just because it has Segwit now and potentially LN coming doesn't change a thing. No one liked it and no one cared...for years now. And in the last 4 years, Chinese exchanges have quietly mined millions of litecoins (because it was easy and cheap to do), and will happily let this rise for a while only to dumpity-dump dump their millions of litecoins slowly back into the market once a downtrend is confirmed. I've seen it before, and won't be a part of watching that again. The top 3-4 Chinese exchanges own collectively ~8M litecoin.

I disagree, I see litecoin as what btc should have been: no b/s, no political bickering, spam problem solved logically and simply years ago, possibly more decentralized in mining and ownership than btc, always been in the top 10 by traded volume. What is not to like? I'm just sorry that I did not accumulate more when it was cheaper, because my target price is 1/4 of BTC price (because of its final total of 84 million LTC).

Your post is ridiculous. 

Of course, LTC is not going to have the "problems" of BTC... it's market cap is 1/20th of BTC.  Probably the same with it's development liquidation possibilities, etc.  As you grow, and become more of a threat to banks and governments, such as bitcoin, then the problems you list become part of the package - especially in a decentralized system

FYI today I made a transaction through changelly, last week following the news about Charlie Lee I bought some LTC for 10 mBTC and today I decided to cash back in BTC at 17mBTC. The 2 confirmation demanded by changelly in LTC took over 15 minutes, while 2 confirmations in BTC chain took less than 3 minutes.

[deepcolderwallet]

Actually IMO it's about Charlie Lee resign from Coinbase to focus on Litecoin development. https://news.bitcoin.com/charlie-lee-resigns-from-coinbase-to-focus-on-litecoin

one guy changing his job pulls in millions of extra pump? sheesh. it don't take much these days.

AFAIK he's the creator of Litecoin, isn't he? If it's true it really matters. Imagine Satoshi coming back to defeat Jihan-Ver evil empire?

[European Central Bank]

AFAIK he's the creator of Litecoin, isn't he? If it's true it really matters. Imagine Satoshi coming back to defeat Jihan-Ver evil empire?

well yeah but the news is several days old and we already know what their development road map looks like anyway.

it's positive. not earth shattering.

[Last of the V8s]

AFAIK he's the creator of Litecoin, isn't he? If it's true it really matters. Imagine Satoshi coming back to defeat Jihan-Ver evil empire?

well yeah but the news is several days old and we already know what their development road map looks like anyway.

it's positive. not earth shattering.

litecoin pump was signalled long before Lee's announcement
https://twitter.com/PennStationNYC/status/867447415284133890
 Entrepreneur‏ @PennStationNYC May 24

If litecoin doesn't reach $50 in the next 60 days I will pay every person who likes & retweets $10,000! This is a legally binding agreement.
67 replies 899 retweets 1,136 likes

[Torque]

AFAIK he's the creator of Litecoin, isn't he? If it's true it really matters. Imagine Satoshi coming back to defeat Jihan-Ver evil empire?

Yeah, but... he took the Bitcoin codebase and literally changed a few config settings, gave it a new name, and launched it as Litecoin. All in about a weekend (by his own admission). It was a pet project.

I mean the guy is smart, sure, but you really want to equate that effort with the genius that is Satoshi?

[Torque]

Now I have a wallet with something like ~60 LTC left, and I'm too lazy to even sync it with the network, lol.

You can send them to an exchange without syncing, provided your wallet is already synced enough to see its received your litecoins. Dump them for Bitcoin, you would get over a Bitcoin for them, and if you keep that Bitcoin for ten years it might be worth a million dollars.

Just for fun I took your advice, traded half of them at $45/ltc. Got 0.55 btc out of it, at least that's something to add to my bitcoin stash. May trade the other half if ltc rises any further. With this market as crazy as it has been, wouldn't surprised if ltc hit triple digits. Just so stupid.

[Eric Cartman]

AFAIK he's the creator of Litecoin, isn't he? If it's true it really matters. Imagine Satoshi coming back to defeat Jihan-Ver evil empire?

well yeah but the news is several days old and we already know what their development road map looks like anyway.

it's positive. not earth shattering.

litecoin pump was signalled long before Lee's announcement
https://twitter.com/PennStationNYC/status/867447415284133890
 Entrepreneur‏ @PennStationNYC May 24

If litecoin doesn't reach $50 in the next 60 days I will pay every person who likes & retweets $10,000! This is a legally binding agreement.
67 replies 899 retweets 1,136 likes

Only $15 until his goal. Doesn't sound a fantastic rise or unplausible at all, but I'll retweet just in case.

[andyatcrux]

As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.  

[Torque]

^^^^
Damn straight.

[spiderbrain]

As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.  

Adam got deleted a long time ago.

[andyatcrux]

As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.  

Adam got deleted a long time ago.

Oh. Guess I wasn't paying attention. Does he have a new account? Anyhow, the forum mods still delete off-topic posts. Thanks for pointing it out.

[HI-TEC99]

As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.  

Adam got deleted a long time ago.

Oh. Guess I wasn't paying attention. Does he have a new account? Anyhow, the forum mods still delete off-topic posts. Thanks for pointing it out.

Some think that Killerpotleaf is Adam's new account. There's nothing that I know of that definitely links the two accounts, but Killerpotleaf does share Adam's sense of humour.

[bitserve]

As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.  

Adam got deleted a long time ago.

Oh. Guess I wasn't paying attention. Does he have a new account? Anyhow, the forum mods still delete off-topic posts. Thanks for pointing it out.

Some think that Killerpotleaf is Adam's new account. There's nothing that I know of that definitely links the two accounts, but Killerpotleaf does share Adam's sense of humour.

AFAIK, the last time Killerpotleaf posted anything was a night in which he went full retard posting *lots* of memes about an incoming huge hapening. A couple days later the biggest Bitcoin pump started. I want to think he meant a huge PUMP was going to happen and not the opposite. It would be sad if he sold thinking a huge dump was going to happen.

[savetherainforest]

As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.  

Adam got deleted a long time ago.

Oh. Guess I wasn't paying attention. Does he have a new account? Anyhow, the forum mods still delete off-topic posts. Thanks for pointing it out.

Some think that Killerpotleaf is Adam's new account. There's nothing that I know of that definitely links the two accounts, but Killerpotleaf does share Adam's sense of humour.

AFAIK, the last time Killerpotleaf posted anything was a night in which he went full retard posting *lots* of memes about an incoming huge hapening. A couple days later the biggest Bitcoin pump started. I want to think he meant a huge PUMP was going to happen and not the opposite. It would be sad if he sold thinking a huge dump was going to happen.

He usually does that on pumps... and on dumps he barely says anything...

[suzanne5223]

This is outstanding and interesting. Despite the fact that the capital market are closed for the weekend the price of bitcoin rise from 2552$ to 2662$.  Could this be the work of a couple of Japan’s iconic and popular capsule hotels which now accept bitcoin?

[marcus_of_augustus]

My working theory on weekend 'pumps' are that's when real people who use bitcoin create the real demand. On-line casinos ramp-up on weekends, potheads hit the dark net markets, escorts on craig's list get busy on business time and ex-pat slave workers get their one day weekend to send money back home using bitcoin remittances. Humans get their wallets out on the weekends, this is not news to anyone with half a clue.

Mostly on-line trading speculators are pretty dumb about what actually drives their respective markets, bitcoin doesn't appear to be any different.

[W3Coins]

Bitcoin has been on a good roll in the last couple of months, I'd say since late last year...

It's great to see, and hope the uptrend keeps going. It did retreat a little late this week but it's going back up nicely.

[bitserve]

As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.  

Adam got deleted a long time ago.

Oh. Guess I wasn't paying attention. Does he have a new account? Anyhow, the forum mods still delete off-topic posts. Thanks for pointing it out.

Some think that Killerpotleaf is Adam's new account. There's nothing that I know of that definitely links the two accounts, but Killerpotleaf does share Adam's sense of humour.

AFAIK, the last time Killerpotleaf posted anything was a night in which he went full retard posting *lots* of memes about an incoming huge hapening. A couple days later the biggest Bitcoin pump started. I want to think he meant a huge PUMP was going to happen and not the opposite. It would be sad if he sold thinking a huge dump was going to happen.

He usually does that on pumps... and on dumps he barely says anything...

Good to know. When that happenned the price was under $2000. He haven't even logged on after that night.

[DieJohnny]

This is outstanding and interesting. Despite the fact that the capital market are closed for the weekend the price of bitcoin rise from 2552$ to 2662$.  Could this be the work of a couple of Japan’s iconic and popular capsule hotels which now accept bitcoin?

People hedging that the issue is going to be resolved end of July and that we are moving quickly towards a non-fork solution. Optimism and pessimism tugging at bitcoin. Optimists have more control because FOMO strength is very strong last 6 months and getting stronger. Bitcoin showing power of its brand and strength of its non-technical user base.

[suzanne5223]

Bitcoin has been on a good roll in the last couple of months, I'd say since late last year...

It's great to see, and hope the uptrend keeps going. It did retreat a little late this week but it's going back up nicely.

Yes, bitcoin does bring smile into peoples face this year and it all started with Saxo Bank prediction last year. Nevertheless, the price is now down by 9$ but it all good cause every business must accept a little debt in other to be success.