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

[Odalv]

4 digit in 3, 2, 1 …

We can finally agree that 2013 is no 2011?

In other news, I hope Risto tell us when he will hit the stop loss button and buy back.

I'm not sure he is really selling, he is only taking profit and trying to manipulate others to re buy at lover price.

[1715490645]

1715490645

[1715490645]

1715490645

[1715490645]

1715490645

[1715490645]

1715490645

[mccorvic]

Support holding.  Barring any huge dumps (which is always the case) we will play out between $900-$950 now

[thetopham]

*Ladies and gentleman, this is your captain speaking.  Prepare for lift-off ! *

*Ladies and gentleman, this is your captain speaking.
We had some delays because there were bears loose on the runway.
They have been taken care of, so relax and enjoy the flight.  
We hope you will fly with bitcoin airways again*

 

[Okurkabinladin]

We still need Chinese to wake up  guess, I am not sleeping tonight.

[proudhon]

*Ladies and gentleman, this is your captain speaking.  Prepare for lift-off ! *

*Ladies and gentleman, this is your captain speaking.
We had some delays because there were bears loose on the runway.
They have been taken care of, so relax and enjoy the flight.  
We hope you will fly with bitcoin airways again*

 

We're flying Virgin, I assume.

[MoreFun]

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

Never, total number is 4x higher as first argument. No time to give more.

[pandaisftw]

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

[philip2000uk]

*Ladies and gentleman, this is your captain speaking.  Prepare for lift-off ! *

*Ladies and gentleman, this is your captain speaking.
We had some delays because there were bears loose on the runway.
They have been taken care of, so relax and enjoy the flight.  
We hope you will fly with bitcoin airways again*

A Fox on the runway i filmed
https://www.youtube.com/watch?v=qUFiiBeorbU

[lucas.sev]

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

just like bitcoin to 99% of people.

[OldGeek]

Someone please tell me why Bitstamp is holding back.

[Spaceman_Spiff]

*Ladies and gentleman, this is your captain speaking.  Prepare for lift-off ! *

*Ladies and gentleman, this is your captain speaking.
We had some delays because there were bears loose on the runway.
They have been taken care of, so relax and enjoy the flight.  
We hope you will fly with bitcoin airways again*

 

We're flying Virgin, I assume.

Same thing nowadays.

[OrangeP]

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

just like bitcoin to 99% of people.

Thats why I pegged my statement to Bitcoin. And you can trade LTC to BTC.. and BTC to Amazon Gift cards.

 Lets just all start a new hype on this -> Profit!

[UnDerDoG81]

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

Because people think that it will follow the same way as bitcoin did so they are buying cheap in on 2 digits and hope it will be flying high as BTC. As you said, only speculation. But everybody who bought in 2 days ago at 9$ doubled their money already.

[thezerg]

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

only reason I've heard of is that it can be used to anonymize your bitcoins.  Sell btc for litecoin, buy back later.  While bitcoin provides compelling reasons (beyond paypal and CC) for vendor adoption, litecoin does not (beyond bitcoin).  All the same, I've been mining CPU LTC when my computers are on :-)

[EuroTrash]

A single picture at the right time is worth a thousand laughs.
Thank you!  

[rpietila]

Pretty mind blowing stuff. That real-life stories are a good example of how you play this game: you invest what you can afford to lose, and you go for the long run, holding to the majority of your coins. The potential and growth are so huge that by gradually cashing out you can live OK while holding to the vast majority of your coins.

I have developed the concept of "rake", which in this context means the (average) percent of your holdings that you sell, every time the price doubles. This is applicable in the situation where you are unloading the coins. If you are still accumulating, it naturally does not hold.

According to the virgin-money-flow-model, the average rake is 17%, which means that each 1000x increase (consisting of 10 succeeding doublings) dilutes your holdings by 84%, formula: 1-(1-17%)^10.

If you want to play tigher, choose 10% rake for 65% dilution.
If you are OK to play looser, 30% rake dilutes 97% of your coins away, but the remaining 3% are still worth 30x more than all the coins in the beginning.

More about it.

[Davyd05]

Someone please tell me why Bitstamp is holding back.

My guess is they don't trust the whales at gox. But in general its been one leader.. followed by the other exchanges that allow for 10-20% in price differential at times.

All in all..I would chalk it up to caution

[UnDerDoG81]

Looks like it will take a while till we see 4 digits  

[ablewasiereisawelba]

LTC is heating up as well. Don't see a reason why it wouldn't reach 10-20% of BTC value soon.

The question is: why would it? Feels kind of weird saying this (usually normal people tell bitcoin people this), but there is basically no acceptance for litecoin at the moment, it's 100% speculation.

just like bitcoin to 99% of people.

False equivalency. LTC does not even have 10% of the acceptance of BTC.

[OldGeek]

. . . . 10-20% in price differential at times.

All in all..I would chalk it up to caution

Ok, but 60 bucks seems outa line to me.